News
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Egypt central bank sells $840 mln in USD-denominated T-bills
The Central Bank of Egypt (CBE) announced on its website that it sold $840 million in USD-denominated treasury bills (T-bills) with a 364-day maturity
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Egypt's total investments hit LE 1.6 trillion with 98.5% implementation rate
significant investments in social development, including LE 11.5 billion for the construction and renovation of 23 hospitals and health centers.
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Auto factory to be established in New October with investments of $135m
The land contract was signed by Sayed Metwally, Chairman of the Public Authority for Land and Dry Ports, and Arora.
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Egypt partners with China to build $135 mln car plant
Egypt’s Mansour Automotive Group and Chinese SAIC Motor have signed a $135 million agreement to establish a car manufacturing plant in New October.
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President calls for increased investments in ICT sector
The president further urged the government to continue expanding telecom services nationwide, with a particular emphasis on improving connectivity.
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CBE extends exemption from transfer fees on InstaPay for 3 months
These services provide numerous benefits, including convenient and timely access to banking services anywhere.
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AfDB agreement to support private sector development program approved by Parliament
Al-Mashat explained that the main goals of the Private Sector Development and Economic Diversification Program are twofold.
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The "Agri Expo" Agricultural Supplies Exhibition kicks off in its 10th edition next month
The event will take place from January 20 to 22, 2025, at the Green Desert Al-Madawy Hotel.
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PM announces completing upgrade of spinning, weaving factories’ complexes
Prime Minister Mostafa Madbouly has announced the completion of the first phase for developing complexes of spinning and weaving factories.
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Egypt accomplished 98.5% of its FY23/24 investment target
The total investments executed in the fiscal year 2023/2024, which ended on 30 June, reached 98.5 percent of the targeted EGP 1.65 trillion.
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Orange Egypt Wins "Telecom Review Leaders’ Summit" Award
Orange Egypt deserved the award for its dedication to achieving the ambitious climate goal of reaching net-zero carbon emissions by 2040.
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Manufacturing, extractive industries index rises by 5.24% during October 2024
Driven by market demand, the tobacco products manufacturing index surged to 159.36 in October 2024, compared to 147.63 in the previous month.
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AOI partners with NERIC to boost Egypt's railway manufacturing
This partnership aims to meet local market demands and expand into African and Arab markets, aligning with Egypt's Vision 2030 for sustainable dev.
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Egypt completes trial run of new Suez Canal extension
A statement said that during a trial run two ships passed through a new stretch of the canal’s two-way section without incident.
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AMOC Launches $2M Wastewater Treatment Project
It was funded by the European Bank for Reconstruction and Development (EBRD) and the National Bank of Egypt (NBE).
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CBE raises withdrawal limits for financial inclusion
CBE kept the daily and monthly maximum limits for transactions on prepaid cards and mobile payment services as stated in November.
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Over 1,600 Flood Protection Facilities Established Across Egypt
The Ministry of Water Resources aims to collect and store rainwater to tackle water shortages and aid agricultural areas.
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Egypt launches 1st phase of EGP 30 bln initiative to support priority industrial sectors
El-Wazir emphasized that this new initiative is the third initiative in a series of initiatives set to operate concurrently.
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Egypt opens 500 MW Solar Plant
Egypt just inaugurated another big solar facility, with a nameplate capacity of 500 megawatts (0.5 gigawatts).
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Promising opportunities for renewable energy production in Egypt
Dahlia El-Tayeb, In-Country Director of USAID’s Center of Excellence for Energy (COEE), stressed promising opportunities for renewable energy.