Latest news
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PetroleumMin follows up on implementation of phosphate fertilizer factory in Ain Sokhna
This project, valued between $400 and $500 million, aims to fortify Egypt's industrial landscape.
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Egypt's automotive market to be digitized
Founded by Engineer Amr Allam, Biddex aims to digitize the entire car buying and selling process.
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GUPCO to invest $226 mln in drilling 5 petroleum wells in Egypt
The Gulf of Suez Petroleum Company (GUPCO) will drill five new developmental petroleum wells in the North Safa and Al-Wasl fields.
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Egypt raises domestic fuel prices by up to 15% before IMF review
Diesel, one of the most commonly used fuels, saw the biggest increase, rising to 11.50 Egyptian pounds ($0.24) from 10 pounds.
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EgyptAir resumes direct flights between Cairo, Lisbon
On 23 July the first direct flight between Cairo and Lisbon operated by EgyptAir since 2011 was received.
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Egypt central bank to begin cutting interest rates in September
Egypt’s growth indicators are ticking up, the currency is stable, and external finances are correcting sharply, time for an interest rate cut.
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Egyptian unicorn MNT-Halan acquires Tam Finans to expand into Türkiye
Egypt's largest non-bank financial institution and fintech company, MNT-Halan, has acquired Tam Finans, marking its expansion into Türkiye.
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Interior ministry old HQ to become a boutique hotel
Marriott International signed an agreement with Reliance Ventures to construct a new Moxy Hotel in Downtown Cairo by repurposing MOI HQ.
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Egypt: Benha-Thales Joint Venture details
Egypt’s Benha Electronics Industries and the French defense company Thales Group signed a cooperation agreement on 15/7/2024.
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Gulf banks look to Egypt, says Fitch
They look to diversify their business models and boost profits. Fitch believes that several banks in the GCC are seeking to acquire Egyptian banks.
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Egypt approves installation of code meters for illegal electricity connections
This measure applies regardless of the location of the facility or building.
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How is marketing changing in 2024?
Everything is in motion, but in marketing everything is moving even faster: customer behavior is changing and advertisers should react.
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7 facts about Egypt's new $1B tourism initiative
Egypt has recently unveiled a $1 billion initiative to enhance its tourism sector by expanding hotel capacity.
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New fuel prices in Egypt: How will it impact you?
Egypt's petroleum sector is undergoing significant changes, marked by recent decisions to raise fuel prices and efforts to increase production.
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Unveiling the grandmasters: Egypt’s rising chess pioneers
His trophy cabinet boasts an impressive seven African chess championship titles, cementing his status as a true regional powerhouse.
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Egypt's new rules for brokerage firms in carbon market explained
To ensure the market's integrity and efficiency, the Financial Regulatory Authority (FRA) has introduced stringent conditions for brokerage firms.
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From Luxor and Aswan to Gouna: Here’s how Egypt can cater to every taste
Egypt has a plethora to offer in terms of travel and experiences for all kinds of preferences.
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Will a tsunami hit Egypt?
Dutch earthquake researcher Frank Hoogerbeets sparked controversy on social media on Tuesday by warning of a tsunami occurring in the Mediterranean.
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Italian ENI to increase oil, gas production in Egypt
Badawi and Opizzi have also agreed to benefit from Egypt’s position as a regional hub for energy trading to receive the gas produced by ENI SpA gas.
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Daily luxury bus trips begin on July 25 from Cairo and Alexandria to the New Alamein Festival
The ministry said that these trips will begin on Thursday and aims to serve citizens and support humanitarian development activities in Egypt.