Latest news
Find the latest business news and reports here.
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Egypt AFDB discuss plans until 2026
The bank recently announced that 15% of its lending will be allocated for regional integration, general capital increase and involving private sector.
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Towards Stronger UK-Egypt relations
Newly appointed UK Ambassador expresses Britain’s readiness to encourage investments in Egypt, especially after Brexit.
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Egypt inaugurates world’s largest water treatment plant
The mega plant treats agricultural waste water and prevents its mixing with seawater, and has a daily production capacity of 5.6 million cubic meters.
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Egypt taxes bloggers and Youtubers
Content creators who made/make EGP 500,000 annually will be obliged to add VAT (value added tax) to their tax files.
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Egypt's 500 Top Companies
A new edition of "Egypt's Top 500 companies" is released by Egypt Business Directory. On 180 pages the most important Egyptian companies are listed.
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Egyptian MNT-Halan secures $120M investment
It has 4 million customers in Egypt, 1 million active users and it became the fastest growing lending service to people who are not served by banks.
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Egypt top country in mergers and acquisitions
Egypt ranked third after the US and the UK in terms of M&A deal volume and first in outbound deals.
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Egypt 500 Top Companies ready for download
Download the free report and get to know the most important 500 Egyptian companies. 180 pages including contact information and industries.
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Trade exchange between Egypt UAE at $1.6 bln
The UAE Minister of Economy Abdulla Bin Touq Al Marri held meetings with several Egyptian ministers to discuss further cooperation.
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Egypt to invest EGP 43bln in power sector
The power sector is a good indicator for the development of the whole economy as all the other sectors depend on it for their operation.
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Egypt to launch 4 scientific satellites
The move is a step in Egypt’s plan to enter the field of space science, develop remote sensing and space studies with Egyptian hands and technologies.
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Top 6 Fitch predictions about Egypt economy
The American credit rating agency stated that the Egyptian economy is among a few to managed to achieve an annual growth despite the COVID-19 pandemic
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Egypt Digital July 2021
Read the top 10 takeaways from the Digital 2021 July edition about the digital status of Egypt.
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Amazon.eg launches end of 2021
Amazon launched amazon.ae in the UAE in May 2019 and one year later it launched amazon.sa in Saudi Arabia. Now, it's Egypt's turn.
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Banking consortium brings European education to Egypt
The project will cost more than EGP 900 mln and will establish branches of universities such as University of London and Central Lancashire to Egypt.
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Steel plant saves around €70,000 with spherical roller bearings from NSK
By adopting the recommendations set forward by NSK, the steel plant is now saving €69,803 per annum in reduced costs.
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Egypt hotels expect more than 44% occupancy
A report by Colliers International predicts big increases in Egypt's hotels occupancy in Cairo, Alexandria, Sharm El-Sheikh and Hurghada.
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Egypt to release online e-visa
Travelers are required to apply online, the application process takes a few minutes, then an approval letter is sent visa email.
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Minly raises $3.6m
The platform closed a seed round, oversubscribed at $3.6m led by 4DX Ventures, Global Ventures and B&Y Venture partners among many others.
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IFC to support Egypt’s healthcare
Cairo, Port Said, Ismailiya, Sinai, Aswan, Luxor, Matrouh and Qena will all be included in the program that will be implemented over 3 years.