News
-
Telecom Egypt, China’s CMI seal strategic partnership deal
This partnership entails a set of innovative, enterprise-grade digital and business services tailored to meet the dynamic needs of enterprises.
-
US-based Commvault inaugurates global centre of excellence in Cairo
Commvault, a cyber resilience and data protection solutions provider for the hybrid cloud, has officially inaugurated its new centre of excellence.
-
Egypt Approves New Mechanism to Settle Exporters’ Dues
December saw updates to the export program, introducing revised percentages of foreign currency proceeds exporters are required to surrender.
-
Housing minister discusses cooperation opportunities with real estate developers
The minister pointed out that in the past period he visited a number of investment projects established in partnership with real estate developers.
-
CBE's December meeting: Will rates remain unchanged amid inflation decline?
HC Securities & Investments expected the CBE to keep the current interest rates unchanged despite recent inflation readings.
-
Egypt advances green economy with new investments in eco-tourism, waste management
The meeting aimed to identify ways to promote these sectors as part of Egypt’s broader economic and environmental strategy.
-
Egypt to be among the largest economies in the world by 2075
The Egyptian economy has the ability to face and overcome challenges, the report noted.
-
Egypt cybersecurity industry now valued at EGP 15 bln
The country has also established the Egyptian Supreme Cybersecurity Council (ESCC), reporting to the cabinet.
-
Egyptian remittances rise by 45.3% in 1st 10 months of 2024
Between July and October 2024, remittances increased by 80 percent, from $6.2 billion to $11.2 billion, compared to the same period in 2023.
-
Egypt's trade with Nile Basin countries grows to $3B in 2023
Egypt’s exports to Nile Basin countries reached $1.73 billion in 2023, marking a 2.1% increase from $1.70 billion in 2022.
-
Egypt to locally produces insulin pens for the first time
Approximately 15 percent of Egyptians suffer from diabetes, which makes the provision of local insulin an urgent necessity to meet the needs.
-
Egyptian pound exchange rate declines by 0.33% to record 50.97 against US dollar
This is in line with the IMF’s fourth review to reach EGP 50.97/$1 for selling and EGP 50.83/$1 for buying.
-
Egypt, Sweden’s Sunshine Pro partner to build 1 GW solar panel plant
This initiative is designed to bolster local manufacturing capabilities, reduce imports, attract foreign investments, and expand the private sector.
-
CBE launches financial literacy campaign
It is designed to help citizens, entrepreneurs, investors, and other segments more effectively navigate and facilitate financial transactions.
-
Egypt secures $275 mln finance for wind power plant in Gulf of Suez
Egypt has secured $275 million in joint financing from 3 international financial institutions to support the development of a 1.1-gigawatt wind plant.
-
SCZone signs 30 MoU to boost hydrogen sector in Egypt
The first phase, with a capacity of 250,000 cubic meters per day, is scheduled for completion in mid-2026.
-
The top 10 Best Places to Work in Egypt for 2024 revealed
In the Best Places to Work ranking, Eand, a global technology group, secured the top position.
-
Exploring e-wallets in Egypt
Egypt recently launched Apple Pay services in the local market and announced that Google Wallet services will be available starting in 2025.
-
Madbouly Reviews Plans to Launch Natural Gas Vehicle Conversion Initiative
The meeting was attended by Minister of Petroleum and Mineral Resources, Karim Badawi, and Minister of Finance, Ahmed Kouchouk.
-
Tourism sector recovered to see 14% growth compared to pre-COVID numbers
Despite ongoing geopolitical challenges, Egypt expects that it will have welcomed 15.3 million tourists in 2024, representing a 4 percent growth.