News
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Misr Insurance, UAE's AAIC sign protocol to boost Egypt digital transition
The partnership aims to exchange expertise in innovative digital solutions for the insurance sector.
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IDSC reviews Egypt's experiment in Green Cities Program
The 6th of October City works to address environmental issues and challenges related to infrastructure and support the transition to a green.
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What Is Driving Egypt’s Rise as a Leading Global Tourist Destination?
Egypt, one of North Africa’s most historically rich nations, has seen a significant rise in international tourist arrivals.
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Egypt Tops Africa with Highest Number of Satellites in Orbit
African countries increase their ownership of satellites due to their crucial role in monitoring climate developments.
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Egypt leasing finances record EGP 47.4 mln in 1st 10 months of 2024: FRA
The Financial Regulatory Authority (FRA) announced Sunday that the value of leasing finances in Egypt increased to EGP 47.4 million.
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Egypt Expands Water Cooperation With African Nations
These efforts go beyond infrastructure, emphasizing capacity building and knowledge exchange between Egypt, Nile Basin countries.
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Housing min. reviews implementation progress of projects in New Suez City
During a meeting held Saturday, the minister reviewed work progress and strategic plans in the presence of a host of respective officials.
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President Sisi issues decree to form Board of Trustees for the GEM
The decree stipulates that the Board of Trustees of the GEM shall be reconstituted for a period of three years.
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Networking production zones with sea ports to bolster Egypt as int’l trade logistics hub
These ports are envisioned as pivotal, world-class facilities with substantial capacity and diverse logistical zones.
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1.3 mln phones activated on day before new taxes applied
over 1.3 million mobile phones were activated a day before new taxes on imported devices were implemented.
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Egypt receives first tranche of EU’s Macro-Financial Assistance program
The €1 billion tranche was deposited into the Central Bank of Egypt last Friday as part of the financial assistance.
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Turkish textile industry shifts focus to Egypt
“In textiles, almost everyone is heading to Egypt, examining opportunities, and making investment decisions.
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Egypt breaks record with 15.7 mln tourists in 2024
Madbouly expressed his hope that Egypt will achieve the target number of 18 million tourists in 2025.
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Egyptian automotive market records 11.6% increase during 1st months of 2024
Despite fluctuations in imports, the growth in domestic sales highlights the resilience of Egypt’s automotive market amid economic challenges.
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A drilling ship is set to arrive in Egypt this month
Eni begins work to boost production from the giant Zohr offshore gas field, according to Egypt's petroleum ministry.
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Egypt to acquire additional shares contributing $28.9 mln to IFC capital
resident Abdel-Fattah El-Sisi issued Decree No. 110 of 2024 to approve Egypt's acquisition of an additional 28,940 shares in the IFC.
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Egypt’s Cabinet outlines $591mln initiative to foster industrial sector
The plan targets developing new factories and expanding existing ones, where the investor will bear only 15% of the interest rate.
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Egypt denies delay in gas production from Zohr field
The Ministry of Petroleum and Mineral Resources denied Thursday the false news circulating regarding the delay in gas production from the Zohr.
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Egypt’s Mobile Division announces increase in prices by 30 percent
Ramadan explained that if the decision was aimed at encouraging local mobile phone factories, there are other mechanisms that can be applied.
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You can experience the first mobile houseboat on Cairo’s Nile
Inspired by ‘La Vie en Rose’, La Maison Rosée undocks twice daily for a scenic journey along the Zamalek shoreline in Cairo.