Latest news
Find the latest business news and reports here.
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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.
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Cityscape Egypt sets new records
19,489 prospective buyers and investors flocking to the Egypt International Exhibition Center in Cairo searching for real estate opportunities.
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Egypt working to attract Thai investors
The Thai Ambassador praised the promising business environment in Egypt, especially in the agricultural and solar power sectors.
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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.