News
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Egypt saves $900 mln in 10 months through energy efficiency
By 2029, the country aims to add 12.4 gigawatts of wind energy, 8.1 gigawatts of solar energy, and 2.4 gigawatts of nuclear energy.
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Japan grants Egypt $1.8 mln to upgrade Cairo Opera House
The signing of the agreement coincides with the 70th anniversary of Egyptian-Japanese relations, especially developmental cooperation.
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Egypt promotes its tourism destinations with Spain
Egyptian Minister of Tourism and Antiquities Sherif Fathy met with tour operators in Spain to discuss some of the spiritual tourism in Egypt.
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FRA amends non-banking financial institutions’ fiscal year
The new regulations are within the FRA's efforts to implement guidelines outlined in the Unified Insurance Law.
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Drilling rig for Zohr field to arrive in Egypt by end-January
Claudio Descalzi, CEO of the Italian energy company Eni, announced that the drilling rig for the Zohr gas field is expected to arrive in Egypt.
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Revival of Egyptian Anode Blocks Company Through MIH & BP Partnership
As part of the agreement, BP will invest $20 million in maintenance and achieving maximum production capacity.
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Egypt, Colombia discuss mechanisms of financing biodiversity
The talks tackled points of view on mechanisms of financing biological diversity to achieve the goals of the new global framework.
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Petroleum Minister hands over Sisi’s invitation to Cypriot president to attend EGYPES
This came on Saturday 25/1/2025 during Christodoulides’ meeting with Badawy, who is on a current visit to Nicosia.
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FRA announces new private insurance fund regulations
The changes also provide private insurance funds operating under defined benefits systems with greater flexibility to diversify their investment.
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Egypt welcomes Sudanese investments in Qena, Aswan
The size of Egyptian investments in Sudan is $1 billion, while that of Sudanese investments in Egypt is $240 million.
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Egypt partners with Abu Dhabi Ports to develop Alexandria Port logistics area
Minister El-Wazir noted that the area, covering 273 acres in its first phase and 600 acres in its second phase, will feature various industries.
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Egypt to enhance Cairo Airport capacity to 40 million passengers
The minister highlighted the importance of charter flight incentive programmes as a key strategy to boost the number of incoming tourists.
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Trump Halts Nearly All Foreign Aid, Except Food Aid, Israel and Egypt Military Support
The memo orders a halt on new foreign aid commitments and the extension of existing programmes until they undergo case-by-case review.
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Egypt, European Commission discuss boosting co-operation in dairy, fish exports
El-Houby expressed his pleasure at the recent successes of NFSA in reopening fish exports to EU countries after a three-year hiatus.
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Egypt-based developer MIDAR inks $2bln strategic MOU with Saudi
MIDAR will partner with Saudi’s Sumou Investment, and local firms ADEER International, and Hassan Allam Holding to develop hospitality and leisure.
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Egypt's potato export revenue rises to $409 million in 2024
The total value of these exports was reported at around $4 billion within the initial 10 months of 2024, a climb from the $3 billion in 2023.
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Telecom Egypt Activates Mediterranean Link on 2Africa Cable
Telecom Egypt and Cisco activate a Mediterranean link on the 2Africa cable, boosting high-capacity connectivity for AI and cloud services.
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Ericsson extends managed services deal with e& Egypt
The Swedish vendor confirmed it will continue overseeing e& Egypt’s network operations and customer support, aiming to boost service.
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WHO official hails Egypt’s success in controlling hepatitis B
The regional committee of WHO declared that Egypt has achieved the regional goal of combating Hepatitis B, Abid added.
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Egypt targets 16.1 GW of renewables in 2029
Egypt aims to produce nearly 16.1 GW from solar and wind projects in 2029 as part of a drive to reduce reliance on conventional power generation.