Latest news
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Egypt ranks among the top three smartphone markets in Africa
Egypt’s local smartphone market has been expanding of late and is now seeing double-digit growth in 2024.
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Egypt welcomes 1.5 M German tourists annually
There are a large number of German companies operating in Egypt (1600 companies) involved in a number of important projects for the Egyptian state.
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CBE to host 48th annual meeting of Council of Arab Central Banks
This meeting will be preceded by a workshop titled Increasing the Strength and Stability of the Financial System in the Age of Digitization.
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Health min. in talks with Roche Egypt over localising drug manufacture
The meeting comes as part of the health ministry’s effort to strengthen the domestic drug industry and encourage investments in this vital sector.
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AllSaints opens first African store in Egypt
AllSaints has opened a standalone store at Cairo’s Mall of Arabia in Egypt, which marks its first physical location in Africa as the brand expands.
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The Velaro High-Speed Train for Egypt
In total, 41 Velaro high-speed trains will be produced for Egypt’s new railway system to travel at speeds of up to 250 km/h.
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Egyptian chili peppers to rise in price by 30% this season
There is a strong demand for chilies, cherries, kardoula, Peperoncino, Kapia, and Jalapeño. We export to Italy, Germany, the Netherlands, and the UK.
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Egypt expected to produce more wheat in 2024-25
Wheat imports are estimated at 12.5 million tonnes, up 11.4% from the previous estimate but the same as 2023-24.
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Giorgetti opens a new store in Egypt
The high-end design brand announces a store near Cairo, consolidating its presence on the African continent, a strategic area.
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El-Sisi appoints Youssef Boutros Ghali member of Specialized Council for Economic Development
President Abdel-Fattah El-Sisi has appointed former minister of finance Youssef Boutros Ghali as a member of the Specialized Council for Economic Dev.
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Why is Egypt delaying international bonds?
Financial experts and policymakers have urged caution, advocating for a delay until there is more clarity on global interest rate trends.
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10 key facts about Egypt's vision 2030
These facts highlight how Egypt 2030 is shaping the nation’s future, with a strong focus on sustainability, social welfare, and economic reform.
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Al Azhar to establish college specializing in AI
Al Azhar President Dr. Salama Dawood said the move reflects the university’s commitment to modernisation.
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Why personalization is booming in advertising
As businesses strive to stand out in a competitive market, tailored marketing approaches can offer several advantages—but also come with challenges.
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Egypt engineering exports: Breaking barriers, setting records
Egypt is recognized for sectors like agriculture, textiles, and natural resources, but the engineering sector’s growth indicates a critical shift.
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EdVentures invests in Egyptian education
VC arm provides funding to eight Egyptian startups as it seeks to support country's education system.
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Dollar Drops against Egyptian Pound to 48.48
The dollar depreciated against the Egyptian currency by about 20 piastres to record EGP 48.48 to buy and EGP 48.62 to sell.
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Egypt unveils initiatives to boost investments across diverse sectors
Madbouly underscored that these initiatives are poised to leverage promising investment prospects in Egypt, fostering economic growth.
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Global south secures less than 15% of investments in renewable energy
The global south, representing 65 percent of the world's population, secures less than 15 percent of renewable energy investments.
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Egypt aims for over $20 billion FDI annually
This initiative is expected to create thousands of job opportunities for the youth in Egypt, Madbouly emphasized.