News
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Soaring prices push Egyptians to gift everyday goods this Ramadan
As Ramadan, Eid Al-Fitr, and Mother’s Day converge, Egyptian families prioritize home appliances and ready-made clothing over traditional gold gifs.
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FRA Approves Fintech Integration for Three Brokerage Firms
This decision marks a significant milestone in modernizing Egypt’s capital market by enabling these companies to leverage fintech solutions.
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Egypt, India reaffirm $12bn trade target during ministerial meeting
Minister of Investment and Foreign Trade Hassan El-Khatib emphasized Egypt’s commitment to attracting more Indian investments.
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Egypt investments put at $33.2bln in 2023-2024
Al-Mashat said several sectors recorded positive growth in the first quarter of the current fiscal year, which ends on 30 June.
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Egypt Signs Agreement with Siemens Gamesa for Wind Turbines and 500 MW of Wind Power in the Gulf of Suez
As part of Egypt’s broader energy transition plan, the government aims to achieve 42% renewable energy by 2030 and 65% by 2040.
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Egypt’s food industry exports surpass US$10 billion
Prior to this, Egypt’s Chamber of Food Industries organised 46 training programmes, conducted 85 factory visits and many seminars.
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Egypt’s Madinet Masr in talks for Saudi, UAE expansion
The EGX-listed developer is in negotiations with companies in Saudi Arabia and the UAE for potential joint ventures, starting with Riyadh.
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China’s Xinyi Glass Invests $700M in SCZone for Solar Panel Glass Manufacturing
Prime Minister Moustafa Madbouly has voiced strong support for the project, emphasizing the need for swift execution.
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NBE, Banque Misr cut interest rate on US dollar CDs
The NBE reduced the interest rate on the three-year “Al Ahly Fawran” and “Al Ahly Plus” dollar-denominated savings certificates by 0.5 percent.
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All you need to know about Egypt's Integrated National Financing Strategy
Egypt launched its first Integrated National Financing Strategy (E-INFS) on Tuesday, representing a significant step forward.
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Egypt incurs monthly losses of US$ 800 million
Sisi said that Egypt has been able to move forward with steady and measured steps despite the challenges it has faced.
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Egypt primary surplus hits all-time high of EGP 330 bln in FY24/25
Egypt attained an all-time high of EGP 330 billion in primary surplus during the first eight months of the current FY2024/2024.
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Indian group to build cold storage facilities to boost Egypt exports
El-Khatib emphasized Egypt's commitment to attracting Indian investments by fostering a business-friendly environment.
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Naftogaz, ORLEN Sign Contract to Supply Additional 100 mmcm of LNG
The fuel will come from a shipment of U.S. LNG. After regasification, the gas will be transported to the Polish-Ukrainian border.
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Cairo University succeeds in hand transplant for 20-year old patient
The operation, the second of its kind in the hospital’s history, brought the amputated hand back to life.
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Egypt unveils national financing strategy to meet SDGs
“Collaborative efforts are crucial to create economic opportunities that enhance the well-being of peoples,” Madbouly stated.
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Egypt aims to expand cooperation with UN in agricultural field
Egypt also confirmed its readiness to share its experience in agricultural research with African countries with the support of UN agencies.
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Scatec signs PPA for 1.1GW/200MWh Egypt solar-plus-storage
Norwegian renewable energy developer Scatec has moved forward on two PV projects, in Egypt and Botswana.
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Egypt Transitions to Medium-Term Economic Planning in FY2026/2027
Despite these challenges, total executed investments for FY2023/2024 reached LE 1.626 trillion, reflecting a 5.8 percent increase.
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Zoho launches Projects Plus platform to support enterprises in MENA
The new collaborative platform designed to simplify and enhance project management for mid-sized and large businesses across MENA.