Service News
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Egypt's unemployment rate reaches record low of 6.9% in Q4 2023
The unemployment rate was 7.1 percent in the third quarter of 2023 and 7.2 percent in the corresponding quarter of 2022.
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Egypt's Logistics Market: Pioneering the Future of Global Trade
Egypt's logistics market is expected to reach $52.6 billion by 2027, driven by strategic location, e-commerce growth, and infrastructure investment.
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Why reach is everything in the digital world
Exclusive content has always reached many people. Gaming and audio, on the other hand, are usually new to the media plan.
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13th Luxor African Film Festival: All you need to know
The 13th edition of the Luxor African Film Festival (LAFF) will run from 9 to 15 February in Luxor, Upper Egypt.
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Top 10 advertising agencies in Egypt
In a market defined by diversity, innovation, and relentless ambition, Egypt's advertising agencies combine the arts of creativity and commerce.
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Red Sea attacks' impact on Suez Canal revenue can be partly absorbed-Egypt finance minister
Egypt's Finance Minister Mohamed Maait said part of the impact on Suez Canal revenue of the Red Sea attacks on vessels could be absorbed.
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Latest edition of Cairo International Book Fair concludes with record number of visitors
The 55th session of the Cairo International Book Fair ended on Tuesday with nearly five million visitors – achieving the largest public turnout.
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President Sisi Raises Minimum Wage by 50%
President Abdel Fattah El-Sisi directed to raise the minimum wage by 50%, reaching 6,000 pounds per month.
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SCZONE's revenues increase to LE 4.3B in H1 2023-24
This represents an increase of approximately 70 percent compared to the same period in 2022, where the revenue was LE 2.6 billion.
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Seasonal workers agreement with Greece creates 10K job opportunities for Egyptians
The agreement provides that the Egyptian laborers would be granted a nine-month stay every year to make up for the shortage in agriculture.
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Conflict in Red Sea will weigh on Egypt’s elevated financing needs; inflation to soar
The Red Sea crisis will further elevate public sector gross financing needs for most emerging markets and middle-income countries in MENA.
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The Know How: Localizing the Locomotive Industry in Egypt
The government seeks to localize the locomotive industry in partnership with the private sector to curb import in the future.
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Egypt’s suite of green hydrogen tax incentives signed into law by president
Developers that meet local content and foreign financing requirements can access a credit of up to 55%.
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Egyptian AI-driven logistics startup Roboost gets $3 million to diversify its services
Its self-learning AI system improves client operations by reducing human intervention and automating home delivery fleets.
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Shipping Lines Request Incentives for Crossing Suez Canal
Rabie stressed the importance of the meeting, which serves as an extended and continuous platform for dialogue with all of the canal’s partners.
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Egypt's Suez canal authority head: revenue down 44% in Jan 2024
Egypt's Suez canal authority head Osama Rabie told Asharq TV on Thursday the canal's revenue fell by 44% in January 2024 compared to last year.
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Egypt's SCZone inks $250 mln agreements for five projects
Egypt's Suez Canal Economic Zone (SCZone) signed five framework agreements to launch projects worth approximately $250 million in total.
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Cairo Book Fair's 55th Edition Begins, Showcasing Global Literature
Norway is honored as the guest of the year, and Egyptologist Dr. Selim Hassan and writer Yacoub El-Sharouni are spotlighted.
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Egypt lost $150 mln due to Red Sea disruptions
Egypt has lost about $150 million in Suez Canal revenue due to ongoing Red Sea disruptions, according to Bloomberg’s Chief Emerging Markets Economist
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Egyptian edtech Edura secures pre-Seed round
Egypt-based edtech Edura, has completed an undisclosed pre-Seed funding round led by Smart Zone Startups Studio and angel investors.