News
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Siemens to establish an electric railway in Egypt
The German giant signed an MOU to establish the 1000kms railway line. The 1st stage will link Red Sea and Mediterranean.
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Egypt, Iraq and Jordan take steps for further cooperation
An Egyptian team to head to the Iraqi Capital in the upcoming weeks to visit industrial sites along with representatives from the Jordanian embassy.
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Covid-19 pandemic changes Egypt economic priorities
Green economic practices, sustainability and the digitization of the economy are now among the top priorities for Egypt.
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Egypt’s poverty rate declines for the 1st time in 2 decades
The current rate stands at 29.7% down from 32.5% two years ago.
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Debt Swap between Egypt and Germany enters third phase
The program with its three phases is now worth 240 million euros.
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International cooperation raised $7.3bn in 2020
Economic reform, foreign currency surplus and $7.3 billion international funds helped Egypt deal with economic impact of COVID-19.
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10 Things you need to know about Egypt new monorail
Egypt started the works on its first monorail that is set to start running in 2023 and carry around 48,000 passengers per hour.
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Cityscape 2020: It is a wrap!
Cityscape, Egypt’s most influential property exhibition, came to a close on Saturday, with four days of high visitor numbers.
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Egypts largest real estate event opens tomorrow
Leading Egyptian real estate developers ready to showcase a wide range of projects.
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Egypt is biggest trading partner of Switzerland in Africa
The current standing of trade between the 2 countries is at EGP 6.9 billion as of Q1 of 2020, maintaining its increasing trend despite the pandemic.
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Four Gold and Platinum Omar Khairat tickets up for grabs for Cityscape visitors
Cityscape, which is supported by Egypt’s Ministry of Housing, Utilities and Urban Communities, will take place from 4-7 November at the EIEC.
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Top 5 tech trends in 2021
COVID-19 might have acted as a catalyst to technological trends that were already in progress, pushing them to have a bigger role, faster.
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Egypt annual inflation rate in decline
The inflation rate projected by the end of this quarter due in November is about 5% while the rate expected for the next 2 fiscal years stands at 6%.
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Egypt on its way to petroleum self-sufficiency by 2023
President AbdelFattah El-Sisi inaugurated on Sunday a new hydrocracking complex expected to save up to $1 billion in petroleum imports.
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10 Things Goldman Sachs said about Egypt economy
What will CBE do about interest rates? Goldman Sachs predicted it in their new report where they hailed Egyptian economy as a strong emerging market.
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Samsung smartphones are number 1 in Egypt
The Korean giant came on top of all smartphone brands sale in Egypt with almost a quarter of the market share in Q2 of 2020.
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More inclusion for SMEs in Egyptian exchange
EGX announced the new account aggregation system for securities listed on the SMEs market.
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Denmark to help Egypt in its green transformation
Egypt and Denmark inked their Energy Partnership program for the years 2019-2022 as Egypt aims to increase its investment in renewable energy.
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Amazon has big plans for Egypt
Amazon, the US retail giant with market value that surpasses $1.5 trillion has big plans of expanding in Egypt.
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8 Things you need to know about “Not Expensive for You” Campaign
The goal is to promote the purchase of local products, increase demand from local factories to boost production and job opportunities.
