Latest news
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Egypt seeks revitalising auto industry
PM Madbouli spoke at a ceremony to return of production lines at the state-owned El-Nasr Automotive Manufacturing Company (NASR) after 15-years.
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Egypt Aluminium achieves 45% of previous year’s net profit in only Q1
The basic earnings per share (EPS) increased to EGP 3.39 billion in Q1 FY2025 from EGP 1.30 in the year-ago period.
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Sofitel Legend Pyramids Giza
Accor and ADTIC Announce the Signing of Sofitel Legend Pyramids Giza in Egypt, just steps away from the Pyramids and the Grand Egyptian Museum.
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Telecom Egypt revenue records EGP 58.4 bln in 1st 9 months of 2024
Telecom Egypt's consolidated revenue has grown 34 percent year-on-year (YoY) from the beginning of 2024 through September, reaching EGP 58.4 billion.
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Telecom Egypt revenue records EGP 58.4 bln in 1st 9 months of 2024
Telecom Egypt's consolidated revenue has grown 34 percent year-on-year (YoY) from the beginning of 2024 through September, reaching EGP 58.4 billion.
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Orascom completes $37.4 land sale to Hassan Allam
This collaboration highlights ODE’s commitment to enhancing the El Gouna community through targeted partnerships with leading developers.
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Rameda records 22.17% YoY consolidated profit hike in 9 months
Revenue jumped to EGP 1.784 billion in January-September from EGP 1.388 million in the year-ago period.
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Egypt aims to boost mining sector’s GDP share from 1% to 6%
The mining sector aims to increase its contribution to Egypt’s Gross Domestic Product (GDP) from the current 1% to 5-6%.
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Egypt partners with SAP, University of Informatics to build tech solutions into curricula
Talaat noted that Egypt launched the National AI Strategy's (NAIS) first phase in 2019, and the second phase will begin soon.
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Egypt Sees a Marked Increase in Expat Remittance Inflows
The Central Bank of Egypt reported a year-on-year growth of 76.2% in remittance inflows for July and August 2024.
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Egypt reiterates 42 percent renewable energy target for 2030
As of July 2024, solar, wind, and hydropower make up 11.5 percent of Egypt's electricity generation.
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Egypt’s mega desalination project: a bold step toward water security
Egypt has unveiled a major desalination initiative designed to counteract water scarcity as climate change and population growth pressure.
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All about Aton Resources’ new gold processing plant
In sum, Aton Resources is not only advancing gold mining in Egypt but also redefining what responsible mining could look like in the 21st century.
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5 key facts about Egypt’s 5.2 GW new renewable energy project
Egypt signed agreements with Alcazar Energy and the Voltalia-Arabia alliance to develop 5.2 GW of renewable energy.
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How to amplify outdoor advertising with social media
Combining outdoor advertising with social media is a powerful strategy for Egyptian marketers to boost engagement and track campaign success.
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Egypt launches ‘Project Revival’, using 3D technology
The move coincides with the celebration of the 122nd anniversary of founding the Egyptian Museum in Tahrir.
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Egypt's unemployment rate records 6.7% in Q3 of 2024
The unemployment rate in Egypt increased to 6.7 percent, up by 0.2 percent from the previous quarter.
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Egypt, PADMA to launch €70M furniture manufacturing hub
Expressing gratitude for Egypt’s supportive environment, Krupa announced that construction on the 400,000-square-meter site has already begun.
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CBE allows opening bank accounts from age 15 without guardian
The bank explained that this amendment comes in light of the decision of Interior Minister amending the age of issuing the ID card to be 15 not 16.
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Arabian Drilling Secures 10-Year Contract Extension with Saudi Aramco
The contract will commence immediately upon the conclusion of the current contract in the fourth quarter of 2024.