News
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Apache Solidifies Egypt Western Desert Dominance After Securing Higher Gas Price
After agreeing a 60% higher gas price of $4.25/mn BTU for new output, Egypt’s main onshore upstream player.
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Electricity min. travels to Abu Dhabi to partake in 15th IRNEA assembly, ADSW
The IRENA Assembly will kick off the Abu Dhabi Sustainability Week (ADSW), which is due to take place between January 12-18.
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Egypt become regional hub for gas
He highlighted aspects of joint cooperation between the three countries in the domain of renewable energy, adding that several renewable energy.
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El-Sisi approves 50% increase in Egypt’s share of IMF
The law specifies that the increase in Egypt's contribution to the IMF comes with a reservation.
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Egypt’s Customs Clearance Exceeds $79 Billion Amid Ongoing Reforms
Between January 1, 2024, and January 8, 2025, the total value of goods cleared through customs surpassed $79 billion.
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China’s Asia-Potash to develop industrial complex in Egypt
Under the first phase, the company aims to extract 2mln tons of phosphate annually and convert them into phosphate fertilizers.
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Egypt introduces baccalaureate certificate system
The new Baccalaureate Certificate System, which will replace the traditional high school system for students starting secondary school next year.
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Ancient mastaba tomb of royal physician unearthed at Saqqara
This significant find, dating back over 4,000 years to the reign of King Pepi II, sheds new light on the medical practices and cultural practices.
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BSH company establishes 1st African factory in 10th of Ramadan City
During the meeting, El-Khatib highlighted the progress of the company’s initiative to produce stoves under the Golden License system.
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PM urges maximizing benefit from project to develop El-Esaaf pharmacies
The State is highly interested in boosting the local manufacture of medicines, as it seeks to provide a safe stock of raw materials used to make drugs
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Navigating the Egyptian Rental Market
As of October 2024, electricity prices for households have risen by different amounts, ranging from 14.5 percent to 50 percent, depending on usage.
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Egypt’s Agriculture Ministry issues 13,238 licenses for livestock, poultry projects in ’24
Support initiatives included distributing 404,000 layer hens and selling table eggs through mobile outlets at prices 20–25 per cent below market rates
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Volume of trade exchange bet. Egypt, Cyprus record $217M in 2024
Trade between Egypt and Cyprus reached a total of $217 million during the first 11 months of 2024, more than doubling the $108 million recorded 2023.
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Egypt signs agreement with Swiss MEDLOG for 10th of Ramadan Dry Port project
The plan includes establishing 32 dry ports and logistics zones nationwide and implementing seven integrated logistics corridors.
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El-Sisi, Greek Prime Minister discuss strengthening bilateral ties
The discussions centered on enhancing economic cooperation, with a focus on strengthening ties within the East Mediterranean Gas Forum.
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Archaeologists uncover new discoveries at the Queen Hatshepsut Temple
The mission uncovered a part of the foundations of the valley temple that was located at the edge of the valley.
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A record 15.7 million tourists visited Egypt in 2024
A recent UN Tourism report ranked Egypt first in Africa for tourism revenues in 2024, reaching a record $14.1 billion.
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Egypt to pay US$1 billion in foreign oil companies dues
According to informed sources, the Egyptian government is heading towards paying one billion dollars in dues of foreign oil companies this January.
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Egypt finalizes plans for Grand Egyptian Museum opening
This meeting aims to prepare a final vision to be presented to Sisi, regarding the proposed opening date and the scenarios for the ceremony.
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Egypt's textile industry upgrade may impact global market's cotton supplies
Egypt apparently has a plan to buck such a raw material export trend, and cotton is coming at the centre of such an endeavour.