News
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RiseUp Announced the Launch of the First Industry Focused AI summit in Egypt
RiseUp AI Summit will bring together a distinguished lineup of regional and international AI experts, tech investors, and business leaders.
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Egypt’s Qara targets Saudi Arabia following $2.6m funding round
Egypt-based supply chain technology company Qara is preparing to expand into Saudi Arabia, leveraging a $2.6 million funding round.
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Turkish ambassador highlights strong textile ties at Denim & Jeans exhibition in Egypt
The two-day exhibition brought together approximately 55 companies from 10 countries, including a notable representation of 26 Turkish companies.
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Samsung is the most popular brand globally
Samsung leads the global brand rankings for 2025. PayPal dominates in Germany. Vodafone is one of the strongest climbers of the year.
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Hilton Expands Egyptian Legacy with Opening of Nile-Maadi Hotel
The Hilton Cairo Nile Maadi, with 255 rooms and suites, recently opened in the urban Maadi district of Cairo. It offers views of the River Nile.
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Egypt boosts domestic short-staple cotton production in East Owainat
The project, now in its fifth year, is overseen by the Cotton Trading and Ginning Company, a subsidiary of the Holding Company for Cotton.
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Egypt Opens New Opportunities to Foster Innovation
Innovators and Geniuses Care Fund opened registration for the fifth round of the Researchers to Entrepreneurship Program at Egyptian universities.
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Egypt targets $115.8 bln in annual exports by 2030
Egypt aims to increase its annual exports to reach $115.8 billion by 2030, Prime Minister Mostafa Madbouly said on Tuesday.
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Egypt food industry exports grow by 21% in 2024
Chairman of the Food Export Council (FEC), Mahmoud Bazan, said Egypt's food industry exports grew by 21 percent in 2024, exceeding $6.1 billion.
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Egypt to launch 1st phase of customs facilitation measures
Minister of Finance Ahmed Kouchouk announced that Egypt will launch the first phase of customs facilitation measures for economic growth.
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Amid Egyptian and foreign selling, EGX begins February on a mixed note
The Egyptian Exchange (EGX) opened February with a mixed start, as EGX 30 fell 0.31%, while EGX 70 and EGX 100 rose amid Egyptian and foreign selling.
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$3B volume of trade exchange bet. Egypt and Kuwait
Trade between Egypt and Kuwait reached $3 billion in 2023, with investments from Kuwait in Egypt amounting to $4.5 billion across various sectors.
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Investment Minister meets Kuwait’s AREF Investment Group to explore expansion in Egypt
Egypt’s Investment Minister met with Kuwait’s AREF Investment Group to explore expanding their $120 million investments.
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House approves tax incentives, facilitation laws, boosting business confidence: Abdel Aal
Egypt’s House approved tax incentives and facilitation laws aimed at boosting business confidence by reducing tax burdens and simplifying procedures.
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CBE to offer a $1bn treasury bill tender on Monday
The Central Bank of Egypt (CBE) will offer a $1bn Treasury bill tender on Monday, using proceeds to repay a previous tender.
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MSMEDA injects over EGP 500m into MSME financing in January 2025: CEO
MSMEDA injected EGP 500 mil into MSME financing in Jan 2025, supporting 3,000 micro-enterprises with loans and investment in high-potential startups
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Financing costs to decline gradually as inflation eases: Finance Minister
Egypt’s Finance Minister expects financing costs to decrease gradually as inflation eases, supporting private sector growth and business reforms.
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Largest sovereign wealth fund reduces its holdings in Egyptian equities
Norway's sovereign wealth fund cuts its holdings in Egyptian equities from $134.6 million to $100.3 million amid broader market challenges.
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SCZone half-year revenues surge by 32% to EGP 5.7 bln
SCZone's net revenues reached EGP 5.7 billion in H1 FY2024/2025, a 32% increase surpassing projections. Port revenues accounted for 77% of the total.
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Egypt declines debt of budget agencies in FY2023/2024
Egypt has reduced the debt of budget agencies to 89% of GDP in FY2023/2024, reflecting positive economic adjustments.