News
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Swiss logistics giant MEDLOG to build new state-of-the-art dry port in Egypt
The Ministry of Transport signed a deal with Swiss company MEDLOG for the financing, design, construction, operation, and maintenance of a dry port.
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Egypt set target to reduce external debt by $2B annually
Looking ahead, the minister expressed optimism about a significant decline in inflation rates and financing costs in 2025.
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Damietta Port, China Xinxing Co. discuss ways of coop. in logistics services
The port is ready to provide all forms of support to the China Xinxing Group Co. Ltd., which specializes in the manufacture of pipes, tubes, and steel
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Egypt launches ITIDA Gigs initiative to empower young freelancers
The ITIDA Gigs initiative, aims at equipping 20,000 young Egyptians with essential freelancing skills.
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US shifts $95 million in military aid from Egypt to Lebanon
A US State Department document has revealed that the Biden administration will divert $95 million in military aid allocated to Egypt to Lebanon.
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Localizing pharmaceutical raw materials provides product locally, doubles exports
He pointed out that localizing the raw materials industry contributes to the manufacture of medicines locally by 100 percent.
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Egypt Net International Reserves hits record $47.1 bln in December 2024
The rise continued a steady trend for NIRs in recent months, increasing from $46.94 billion in October to $46.95 billion by the end of November.
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PowerChina signs contract to build the 1.1 GW Suez wind project in Egypt
At the end of 2023, wind represented about 3% of Egypt’s installed capacity with 1.6 GW and 2.8% of its power generation with 6.7 TWh.
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Egypt allows 15-year-old citizens to invest in EGX
The Financial Regulatory Authority (FRA) has approved a new measure allowing youths aged 15, instead of the previous 16-21, to trade.
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Egypt Shines as One of Africa's Top 10 Travel Destinations For 2025
The continent's rich diversity is captivating tourists and investors alike, showcasing an array of unforgettable experiences.
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Gov’t greenlights 252 MW wind power expansion at Gabal El Zeit
The 580 MW — at least for now — Gabal El Zeit wind farm has long been on the government’s privatization short list.
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Egypt exports hit record $40 bln in 2024
Minister of Investment and External Trade Hassan ElKhatib announced Monday that Egyptian exports reached an all-time high of $40 billion in 2024.
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Egypt’s wheat imports hike 40% YoY in 2024
This is compared to 2023 wheat imports, which amounted to about 10 million tons.
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Egypt to receive $1.2 bln from IMF in January
Egypt is set to receive a $1.2 billion disbursement from the International Monetary Fund (IMF) in January as part of its $8 billion programme.
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Real estate developers anticipate 10-30% price increases in 2025
Economic factors such as high inflation and interest rates are likely to place significant pressure on financing and investment costs.
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Egyptian fintech PayMint launches Meeza prepaid card
Founded in 2019, PayMint provides a wide range of financial services for both individuals and micro, small, and medium-sized enterprises.
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MSMEDA partners with UNDP to boost MSME sector in Egypt
During the meeting, Rahmy outlined MSMEDA’s significant achievements in digital transformation, job creation, innovation, and expanding financing.
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Egypt's Non-Oil Private Sector Contracts To 8-Month Low In December Amid Cost Escalation
The decline was aided by subdued client demand and mounting inflationary pressures, exacerbated by a depreciation in the Egyptian pound.
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Egypt’s Ministry of Planning 2024 Report
In the first quarter of FY2024/2025, private sector investments surged to LE 133.1 billion, constituting 63.5 percent of total investments
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Tuesday to be paid holiday in Egypt for Eastern Christmas
The decision also included the continuation of exams according to the dates set by the competent authority.