News
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CIRA Education’s consolidated profits drop 79.52% YoY in 3 months
Revenues grew to EGP 1.015 billion in the three-month period of last year from EGP 803.7 million in the same period a year earlier
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Gold prices in Egypt surge on Thursday; 24-karat up by 5.75%
The 22-karat gold recorded EGP 4,038.5 per gram for purchasing and EGP 4,064.75 for selling.
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Egypt’s Health Ministry, Burjeel Holdings collaborate to develop advanced BMT program
The collaboration will develop a dedicated strategy to address and reduce the backlog of BMT patients in Egypt.
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Banque Misr launches instant money transfer service for Egyptian expats
Banque Misr has launched an instant money transfer service for Egyptian expats, enabling fast, 24/7 transfers to bank accounts, cards, or e-wallets.
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Misr Hotels records 77.6% YoY profit surge in H1 FY2024/25
Misr Hotels reported a 776% year-on-year profit surge for H1 FY2024/2025, showing strong performance despite the economic challenges.
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Egypt's Attal Properties eyes $219mln in sales for 2025
Attal Properties aims for $219 million in sales in 2025, planning to boost its construction spending to support new real estate projects.
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Misr El Gadida Housing secures 766-feddan land in Hadayek Al-Asimah
Misr El-Gadida Housing has secured 766 feddans of land in Hadayek Al-Asimah for real estate development, expanding its project portfolio in Egypt.
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Egypt’s hotels increase room rates by 7-15 percent
Egyptian tourism companies have raised hotel accommodation prices by seven to 15 percent in anticipation of a recovery in travel rates.
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Egypt just registered a new type of mango as Cleopatra
This new variety is fibreless, sweet, and promises a hefty harvest. Cleopatra mangoes are grown from Giza’s seedling trees.
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Egypt eyes 5.5% growth in next three years
He made these remarks during a recent meeting with specialised advisory committees, as per a Cabinet statement on Tuesday.
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Tourism Sector in Egypt grows by 8.2% in First Quarter of FY2024/2025
This statement was made during a meeting with a JPMorgan Chase delegation and several investors to explore opportunities.
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Egyptian expats remittance inflows grew by 65.4% in November 2024
The remittances of Egyptians working abroad increased again in November 2024 by 65.4 percent to reach approximately $2.6 billion.
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Egypt to revive Ataka hydropower plant project
The state awarded the contract to build and fund a pumped-hydro storage plant to Sinohydro in 2018.
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Egypt issues $2 bln in int’l bonds market, 1st time since 2021
Egypt has issued $2 billion in the international bonds market for the first time since 2021, marking a significant step in addressing its gap.
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Egypt’s GUPCO Confirms New Oil Discovery in Gulf of Suez
GUPCO will complete the development of the discovery by drilling two additional wells, which will contribute to adding over 5,000 barrels.
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ITIDA, Concentrix sign MoU to invest $1 bln in Egypt's outsourcing landscape
The agreement aims to strengthen collaboration between the two entities and support the growth of Concentrix Egypt’s export-driven services.
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Turkish companies eye $300mln investments in Egypt during 2025
The bilateral trade volume between the two countries, excluding liquefied natural gas (LNG), would hit $10 billion by the end of 2025.
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Pre-drilling estimates in Gulf of Suez indicate 8 mln barrels of crude oil reserves
The petroleum ministry anticipates that production volumes may exceed this estimate.
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Saipem drillship arrives in Egypt to work on Eni’s giant gas field
The Italian firm classifies the field as a supergiant, containing 480 million barrels of oil equivalent (mmboe).
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Google Wallet Arrives in Egypt January 2025
The platform’s integration within the Google Pay ecosystem allows it to function as a secondary digital payment tool in Egypt.