Latest news
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World Bank Expects Africa's Economies to Grow by 3.4% in 2024
The report expects growth to rebound in 2024, rising from a low of 2.6% in 2023 to 3.4% in 2024, and 3.8% in 2025.
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Kaolin's reserves in Egypt reach 200 mln tons
Kaolin, or China Clay, as it is commonly called, is a type of fine, white, soft rock; its reserves in Egypt reach about 200 million tons.
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Rixos Premium Alamein opens in Egypt
The luxurious property features six towers housing 469 residences and 732 rooms and suites.
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Shell starts drilling final exploration well in Egypt campaign
Shell has spudded the final exploration probe offshore Egypt of its multi-well drilling campaign in the Nile Delta play which began in September.
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EgyptAir to operate 374 flights to bring nearly 81,800 pilgrims back home
Flights will be from Jeddah and Madina during the period of April 8-22 after piligrams have finished performing their Umrah (Lesser Pilgrimage).
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Egypt looking for a way out of the feed industry crisis
Egypt meets 80% of its corn and about 95% of soybeans requirements through imports, and in recent years, the rise in feed costs has been extraordinary
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Egypt sentences Minister of Supply advisor to 18 years in prison over corruption charges
He is charged with receiving bribes from the owner of a flour mill and another who owned a supply company.
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Banque Du Caire Introduces Green Financing Programs For Solar Panels In Egypt
This move aligns seamlessly with Banque Du Caire’s persistent endeavors to promote sustainable financial solutions.
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Finance Min.: Up to EGP 50 Million of "Change" Offered on Occasion of Eid al-Fitr
This is to facilitate on citizens and meet the needs of markets; ensuring easiness of buying and selling and avoiding any congestion in parking.
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One of the world’s oldest known books from Egypt sells for $2.6 million at Christie’s auction
The manuscript, which consists of 104 pages, is said to have been written by a single scribe over a period of 40 years in a monastery in Upper Egypt.
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Egypt allocates land to construct Ras al-Hikma Airport
The project includes establishing hotels, entertainment projects, tourist resorts, a financial and business district, and an international airport.
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Egypt to set up a smartphone recycling centre of €100m
Egypt is looking to set up a €100 million smartphone refurbishment and recycling plant for the Suez Canal Economic Zone.
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US dollar depreciation sparked 20% drop in car prices in Egypt
The local automotive sector increasingly needs to strengthen its market presence through localization efforts and expanded production.
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The devaluation of the Egyptian pound further increases the competitiveness of Egyptian oranges in Europe
Government investments have transformed large tracts of desert land into citrus plantations and lowered production costs.
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New strategy to increase Egypt's food exports to $100 bln annually
The union aims to bring the exports to new record levels, after the food industries sector succeeded last year in achieving $5.1 billion in 2023.
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Egyptian universities make progress in int'l educational classifications
The goal is for Egypt to become a regional center and an attractive educational platform for students wishing to study at the level of MENA.
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Egyptian imports of mobile phones decline by $242K last January
CAPMAS monitored a decline in Egyptian imports of mobile devices for individuals to reach only 20 thousand dollars last January.
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Marsa Alam Airport to receive 155 flights from 13 countries until Friday
Marsa Alam is witnessing an influx of tourist flights arriving from European airports.
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Valu Empowers ESLSCA Students with Flexible Payments Solutions
As part of this partnership, Valu will fully fund two full scholarships for exemplary students based on a mix of criteria.
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Egypt’s balance of payments turns into deficit of US$410 million
This compares to a surplus during the same period in the previous fiscal year of $559.1 million.