News
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Naguib Sawiris expects gold to hit US$5,000 per ounce
The Egyptian billionaire indicated that psychological pressures and investor need for liquidity were among the reasons for the decline in gold prices.
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Cairo prepares for 5th session of Egyptian-Hungarian Joint Committee
There is progress in Egyptian-Hungarian economic relations, encompassing construction, information technology, food, water, healthcare, and finance.
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Mohamed ElAraby appointed as L’Oréal Egypt Managing Director
Mr. El Araby's extensive experience in both regional and global markets provides a strong foundation for his new responsibilities.
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Brazil, Egypt and Singapore among potential winners from US tariffs
A handful of countries are emerging as potential winners although the risk of a tariff-induced recession will limit the upside.
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US tariffs increase uncertainty as Egypt weighs interest rate cut
The global trade disruptions caused by the newly imposed US tariffs are creating uncertainty for Egypt’s monetary policy.
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Economy shows significant improvement in first 8Ms of FY2024
Kouchouk emphasized that the Egyptian government is focused on reforming its financial policies to better support private sector growth and stability.
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Eni to invest 24 billion euros in Egypt, Libya and Algeria
The company owns several concession areas across the Gulf of Suez, the Nile Delta and the Western Desert, and is the main operator at the Zohr.
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SIG and partners collaborate on beverage carton recycling solution in Egypt
According to SIG, at present there is no formalized system for waste collection and recycling in Egypt.
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Egypt powers a new era of urbanization with massive construction projects
Egypt fast-tracks urban expansion with major projects in New Alamein, Ras El Hekma, Dabaa and Marina, aiming to transform its Mediterranean coastline.
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Recovery signs for Egyptian pound and stock market amid economic challenges
The potential for another tariff increase by the US government tomorrow has further heightened uncertainty.
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Edita to pay $15.6mln dividends for 2024
Edita will pay out a dividend of EGP 1.14 per share over two installments, according to a bourse filing.
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Egypt, France sign nearly $7.7B deal to develop green hydrogen plant
The agreement was signed during French President Emmanuel Macron's visit to Egypt.
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Egypt Secures €131.5 Million in European-Funded Deals to Boost Wastewater Infrastructure
The funding will support the construction of a new wastewater treatment plant in East Alexandria.
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Egypt, France elevate relations to strategic partnership
The two presidents held a bilateral meeting, followed by extensive high-level talks between the delegations of both countries.
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Egypt Aims For $145 Billion In Exports By 2030
The government unveils new strategies to enhance competitiveness and diversify markets for Egyptian products.
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e& Egypt Launched Instant International Money Transfer Service
The cash wallet works with just one click. This process will not need to visit branches or intermediary companies.
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Cairo hosts Egyptian-French Business Forum
Egypt attracted $46.6 billion in foreign direct investment in 2024, a clear indication of growing international confidence in the Egyptian economy.
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Most Egyptian packing houses decide to suspend citrus packing
Profound changes are affecting the Egyptian citrus industry this season, culminating in the complete shutdown of fresh citrus packing,
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What Do Trump’s Tariffs Mean for Egypt?
Trump signed an executive order that introduced higher tariffs on countries accused by the U.S. of imposing greater taxes on American products.
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Egyptian inflation seen edging down to 12.6% in March
The median forecast of 14 analysts polled by Reuters was for annual urban consumer inflation to have slipped to 12.6% in March from 12.8% in February.