News
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3 ways the Russia-Ukraine conflict can affect Egypt economy
Russia and Ukraine are the major suppliers of wheat and tourism to Egypt, But Egypt might have an opportunity to enter the European oil and gas market
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Egypt preparing to use ACI in airports
The Advanced Cargo Information system is coming to airports was successfully applied in sea ports.
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Digital 2022: Half of Egypt is now on social media
Instagram surpasses Facebook as the 2nd most popular social media platform, while WhatsApp is still number 1.
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SOKNA, Egyptian end-to-end funeral services platform raises $1M
20 hospital and corporate deals signed to date, more than 2,500 cases performed, with a plan to expand across more cities.
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Egypt to establish domestic credit rating companies
Previously the rules stated that in order for a national company to be established, a global credit rating company should be a shareholder.
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Cashless transactions through Fawry increase by 232%
At the end of 2021 Fawry recorded an active daily users’ base of almost 2.5 million users.
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Dell launches AI initiative with 5 Egyptian universities
There will be a competition at the end of every academic year for the top 3 student projects in AI applications.
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Egypt medicine industry is booming
For the first time ever, Egypt's medicine exports have increased by 35%
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World Youth Forum launches in Sharm El-Sheikh
The 4th version of the international forum launched on 10 January in the red sea city of Sharm El-Sheikh, Egypt and will conclude on the 13th.
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Suez Canal records highest revenue ever
In 2021, the Suez Canal recorded revenues of $6.3 billion, this represents an increase of 12.8% compared to 2020.
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NowPay partners with food and beverage giants in Egypt
Egypt’s leading financial wellness platform announced partnership with names like McDonalds, KFC, Pizza Hut, Kraft Heinz, Americana Group and Edita.
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New coordination council between CBE, government
President AbdelFattah El-Sisi issued resolution 584 to form the council chaired by the prime minister, bank governance and some other ministers.
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Egypt to rejoin JP Morgan’s index
The move is expected to trigger around $1 billion investments in government equity thus reducing the cost of government debt and raise its efficiency.
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6th Handicraft Egypt exhibition concludes in Alexandria
42 exhibitors of more than 20 crafts took part in the event to support Egyptian handicrafts from every governorate.
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For the 1st time in 10 years: Luxor fully booked
Luxor hotels were fully booked for the 1st time in 10 years for a dazzling event on the 3Km long Rams road connecting Luxor and Karnak temples.
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Egypt to push for sustainable cloud transformation
Egypt succeeded in bringing in fresh narratives, innovative ideas and awareness on key areas such as Development of AI and Cloud Computing.
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Bypa-ss receives $1m funding
The app can change the healthcare system in Egypt, facilitating the exchange of medical information between patients and health professionals.
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Egypt digital status: October statshot
E-commerce in Egypt makes 1.8% of the GDP. Mobile internet speed is among the lowest in the world at 24.4 Mbps, while fixed internet is at 44Mbps.
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Egypt to host Creative Industry Summit
The event is in partnership with Heartwork, an innovation business hub by Mountain View and Balaconaha creative platform based in KSA.
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Intelligent Cities Exhibition kicks off 27 October
Intelligent Cities have become essential to achieve better quality of life for current and future generations.