News
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Egypt records highest-level foreign direct investment
The Prime Minister said in a press conference that the country recorded a 94 percent growth in foreign investment on a year-on-year basis.
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Egypt #8 at Fruit Logistica in Berlin
Egypt is one of the world's largest fruit exporters. At the leading trade fair for the global fruit trade, Egypt was ranked 8th out of 92 countries.
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Egypt shows strength at the world's largest boat show
With 31 exhibitors Egypt was one of the strongly represented countries at Boot 2023 in Düsseldorf. Diving in Red Sea and yacht tourism was the focus.
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India is 7th largest trading partner of Egypt
New plans between Egypt and India include $12 billion trade and a dedicated area in Suez Economic Zone.
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Egyptian exhibitors return to international fairs
The organisers of the international Heimtextil trade fair report success: 2400 exhibitors from 59 countries. Egypt was represented by 18 companies.
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Eni makes a new gas discovery in Egypt
This discovery proves it right for betting on Egypt’s offshore area, it was also recently awarded other blocks like North Rafah & North-East Al-Arish.
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Egypt has 3rd best banking system in the Arab world
The Egyptian banking sector has been growing at an amazing rate of 130% over the course of 5 years, that's tripling in size.
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The current energy mix in Egypt
How much energy is Egypt producing from renewable sources? Egypt connects grids with other countries and builds the largest wind park in the world.
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10 things you need to know about Egypt new IMF loan
How many billions has Egypt received from the IMF so far? are there measures to protect the vulnerable? why devaluate the pound?
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Food Africa and pacprocess successfully concluded
According to the organisers, it was the most successful Food Africa in its history and a pacprocess MEA on course for growth.
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Trimetis opens new delivery centre in Cairo
Egypt is placing significant focus on expanding as an offshore location for Europe; with Trimetis and many other international IT service providers.
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New public shops law goes into effect
The law also includes harsher penalties for unlicensed operations, with a fine reaching EGP 50,000 and prison sentences.
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10 reasons why cloud computing in Egypt will boom
The market is to witness a boom in Egypt between 2020 to 2027, with predictions saying the only concern is cyber-attacks.
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BMW Group appoints Global Auto as importer in Egypt
Global Auto Group has also acquired Bavarian Auto Group in a deal that includes existing network of service centers, showrooms, and assembly plant.
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Egypt sells more than 800 million KWH of electricity
The sales were done internationally, in the period of 5 months. Network with Saudi, Europe under preparation.
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Qatar supplies gas to China for 27 years
QatarEnergy signed a 27-year sales and purchase agreement with China’s Sinopec, the longest in the history of liquefied natural gas (LNG) deals.
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World Future Council demands compensation of organic farmers
As healthy organic food is expensive in Egypt, World Future Council demands a compensation for organic farmers to sell goods at market prices.
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5 days left for Egypt Oil and Gas Convention
The event is the 8th of its kind, but this year, it is especially important, as it comes after the crucial discussions that happened in COP27.
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SLB collaborates with Oman’s Ministry of Energy and Minerals
Industry-leading geothermal expertise enabled evaluation of countrywide geothermal potential to explore decarbonization pathways.
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Infinity Power, Masdar, Hassan Allam sign framework agreement for green hydrogen project
The project includes development of a 2 gigawatt (GW) green program the Suez Canal Economic Zone (SCZONE).