News
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Madbouly reviews proposed revisions to Economic Zones Law
Madbouly stressed on the necessity to update the law to reflect current global standards and to leverage Egypt’s economic capabilities.
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32nd session of Egyptian-Jordanian Joint Higher Committee kicks off in Cairo
The 32nd session of the Egyptian-Jordanian Joint Higher Committee kicked off in Cairo on Tuesday, the Ministry of International Cooperation announced.
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CAMPAS: 22.6 % increase in pension Spent in 2023
Central Agency for Public Mobilization and Statistics issued today "Annual bulletin of postal Services Statistics " 2022/2023".
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Giza Court adjourns trial of 3 officials over stealing Osiris statue from Grand Egyptian Museum to July 6
The defendants embezzled the ancient statue of Osiris which dates back to the late Pharaonic era from the inorganic antiquities storeroom at GEM.
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PM holds meeting to boost real estate exports, activate investment funds
Madbouly acknowledged the promising opportunities Egypt holds for attracting foreign investment in its real estate sector, especially touristic.
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Egypt showcases prominent tourism projects during participation at Arabian Travel Market
The Ministry aims to combine efforts in promoting Egyptian destinations and ensuring unparalleled experiences for visitors.
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Chefs House, Chef’s Studios ink partnership at Egyptian F&B Summit
Chefs House will also offer partner brands access to its network of kitchens across Cairo, providing them with opportunities to expand their reach.
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Higher Education Minister: Political leadership prioritizes promoting AI in universities
Egypt’s higher education sector has witnessed a remarkable growth in the number of students enrolled in the technology and AI departments.
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1st phase of Egypt's first safe closure for waste dump completed
The plan is to get rid of the negative effects of random dumps, while rehabilitating the site, and implementing the infrastructure for parks.
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Madbouly directs initiation of community dialogue on Egypt's tax policy for 2024-2030
This step is poised to familiarize the tax community with the government's objectives for the tax system, along with the finance ministry's reform.
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Egypt to achieve daily production of 5.7B cubic feet in FY2024/2025
To realize this growth, the commencement of operations at recently discovered deep-water fields in the western Delta will play a significant role.
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Egypt sets aim of 30% increase in tourist arrivals in 2024 despite war headwinds
North African country attracted 8 million international visitors since the Israel-Gaza war began in October.
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Egypt's exports of food products grow by 31% in Q1 of 2024
During the first 10 months of 2023, the total Egyptian agricultural exports reached $3.5 billion, compared to $2.8 billion in 2022.
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EGAS partners with Höegh LNG to deploy FSRU for enhanced energy security
An unnamed official disclosed that the Egyptian government is expected to pay an annual fee of $90 million to utilize the FSRU unit.
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Egypt’s tourism, Suez Canal revenues could shrink by $13.7 bln through FY24/25 over war on Gaza
As a result of the Gaza war, the Suez Canal Authority announced that the Canal’s revenues declined by 46 percent (Y-o-Y) in January 2024.
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Egypt Limits Power Cuts to Evenings amid Second Semester Exams
The new update will be implemented starting Wednesday until July 20, in coordination with the Ministry of Petroleum.
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Signing MoU Between GAFI And Crédit Agricole Egypt To Attract FDIs
As per the memorandum of understanding, GAFI will provide foreign investors with comprehensive information on investment opportunities in Egypt.
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Is EGX poised to rebound in May after April’s losses?
Some hope that Egypt’s Stock Exchange (EGX) will regain in May the heavy losses incurred in April in response to the geopolitical tensions.
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LE6.5bn worth investments allocated for Ismailia in FY 2023-2024
Investments valued 2.9 billion pounds will be directed to the Suez Canal, with a share of 45 percent, followed by the higher education sector.
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Egyptian oil & gas firm books jack-up rig on 21-month drilling gig in Gulf of Suez
ADES has secured a new drilling assignment for one of its rigs off the coast of Egypt with Suez Oil Company (SUCO).