Service News
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Egypt’s poverty rate declines for the 1st time in 2 decades
The current rate stands at 29.7% down from 32.5% two years ago.
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Egypt on the move: Modernizing the transport network
Major developments are underway in Egypt’s transportation systems, including the use of smart technology to connect Cairo to the New Capital.
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Germany pays great interest to Egypt's education market
Egypt's NAC is set to house over 2,000 educational, science, and technology centers making it a hub for higher education and technical training.
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How will commodity stock exchange company help Egyptian consumers?
Egypt announced establishing its first commodity exchange company as part of the country’s plan to develop its internal trade.
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Egypt- Brickzey to exclusively market EGYDEV's West Park, Azalea projects
Brickzey will undertake the marketing of commercial and medical properties at the project which is anticipating sales of EGP 300m.
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Egypt Prime Minister approves amendments to capital market regulation
Investment in real estate assets that are not subject to legal cases can be raised or issued by a valid allocation decision from a competent authority
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Egypt's Suez Canal revenues up 4.7% in last 5 years
In 2015-2020, 90,000 ships transited the Canal carrying 5.5 billion tonnes of cargo, up from 86,600 ships with 4.6 billion tonnes in previous 5 years.
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Egypt private sector increases spending on digital marketing due to COVID-19
It is projected that digital marketing will be the lifeline to stave off global economic on the back of the pandemic.
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Oxford Business Group highlights Egypt's efforts in supporting start-ups
Oxford Business Group shed light on Egypt's efforts to support emerging digital companies, as the global economy faces a significant downturn.
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BNP Paribas: Egypt economy to reach positive growth, can limit coronavirus negative effects
Egypt's foreign currency reserves have noticeably improved over the past few months, which supports the pound's rate against foreign currencies.
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CNN reviews Egypt's economy in 60 seconds
CNN stated that Egypt’s economy grew 5.6 percent in 2019, making it one of the world’s fastest growing economies.
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Egypt budget deficit at EGP 267 billion
The deficit measured from July to January reached ~ EGP 268 billion, while last year same time it stood at ~EGP 214 billion.
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Egypt launches strategy to protect sustainable development goals
The 'New Global Partnerships Narrative' will be based on three major planks: People At The Core, Projects in Action, and Purpose As The Driver.
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President Sisi's new economic policies to be implemented in FY2020/2021
FY2020/2021 state budget includes procedures that aim to improve the financial position of employees at state bodies.
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Egypt to launch bid for gold exploration in Eastern Desert
Egypt plans to launch an exploration round for gold in its Eastern Desert in the first half of March, an official at the mineral resources authority.
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Hamburg Süd expands business in Italy, Spain, and Egypt
In Egypt the company has taken full management of Hamburg Süd Egypt recently.
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Uber testing plans to include taxis in Egypt services
The White Taxi Drivers and Owners Association, Egypt's biggest grouping of taxi drivers, said on Tuesday, however, that it was against the move.
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Glovo shuts down in Egypt, three other markets
In addition to Egypt, the on-demand delivery startup shut down its services in Turkey, Puerto Rico and Uruguay.
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Egypt launches microfinance incentives to contain informal economy
Microfinancing seeks to provide capital needs for small farmers and the self-employed, home-based projects, day-to-day sellers and street vendors.
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Egyptian parliament discusses amendments to Depository and Registration law
This law affects stock market performance and creating a better investment environment by helping settle legal issues regarding financial securities.