News
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Egypt cloud industry needs better infrastructure and more data centres
Hundreds of Egyptian developers participated in this competition and presented innovative cloud computing and artificial intelligence ideas.
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Italian tourist killed in Egypt shark attack
A source at the Italian foreign ministry told AFP the man killed was a 48-year-old resident of Rome. The injured man was 69 years old.
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Egypt to limit car imports to 1 per importer over next 5 years starting Friday
The investment ministry noted that importers must provide a bank statement to confirm their financial capacity to make such purchases.
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Suez Canal revenues plummet to $4 bln in 2024 amid Red Sea tensions
Egypt's Suez Canal revenues plummeted to $4 billion in 2024 from $10.2 billion in 2023 due to the ongoing tensions in the Red Sea.
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Port Said harbor ranked 16 among top 20 performing container ports
Egypt’s performance on trade logistics put it at 57th position globally out of 139 countries included in the World Bank’s Logistics Performance Index.
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Egypt unlocks IMF funds after fourth loan review
Since 2020, Egypt has been navigating economic challenges exacerbated by global disruptions, including the pandemic and rising inflation.
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UAE’s Kazar to Invest $2.5 Billion in Egypt’s 3.1GW Hybrid Renewable Power Plant
Kazar aims to finalize feasibility studies and financial arrangements by late 2025, with on-site construction commencing in early 2026.
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Biogas production units slash living costs for farmers in Egypt
The International Energy Agency has predicted that biogas production will increase by 32% between 2023-2028.
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Egypt's Garment Exports Rise 17% to USD 2.27 Billion in 2024
The US continued to be the biggest importer, with Egyptian exports increasing 14% to USD 971 million.
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TUIfly Belgium’s new nonstop flight route promotes travel to Egypt
The newly introduced non-stop service Ostend-Hurghada is scheduled to operate once a week, with the first flight departing on April 5, 2025.
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Egypt secures wheat needs through June 2025
Shipments of the contracted wheat have begun arriving at Egyptian ports, with further deliveries scheduled in the coming months.
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Regional challenges cost Egypt around $7 bln of Suez Canal revenues
Egypt lost more than 60% of the canal's revenues in 2024 compared with 2023, Sisi added in his statement, without going into details on the events.
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Two arrested in Egypt after attempting to steal hundreds of ancient artifacts
The items date back to Greek and Roman Antiquity, a period that lasted about 900 years, from around 500 BCE to 400 CE.
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Egypt reaches WHO ML3 in medicines regulation
This makes Egypt the first African country to achieve this classification in the field of regulating medicines and vaccines.
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Egypt to introduce regulations for Airbnb
The Egyptian government plans to add around 250,000 new hotel rooms to the current 220,000 nationwide.
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Egyptians who shaped the world and Egypt in 2024
The 8th annual Impact List celebrates the Egyptians shaping our homeland and the world as creators, visionaries, and pioneers.
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WiFi calling service to launch in Egypt this week
The new service is designed to address mobile coverage challenges, particularly in dense urban neighborhoods and high-rise buildings.
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Cairo International Airport’s Terminal 4 to support Egypt’s tourism
It will include the establishment of a passenger terminal with a capacity of no less than 30 million passengers per year.
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Valu issues LE 10 billion securitization bonds
Since launching the first securitization bond issuance in 2021, the company has continued to expand its financial services package.
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Uzbekistan investment minister urges creating digital platform to boost business ties with Egypt
Only 24 Uzbek companies currently operate in Egypt, primarily in the tourism, telecommunications, IT, and agriculture sectors.