News
-
Al-Mashat highlights 70 years of Egyptian-Japanese cooperation
“Egyptian-Japanese partnerships reflect the importance of collaborative efforts to tackle development challenges,” Al-Mashat stated.
-
Global merger, acquisition activity will grow by 15% in 2024
Bain & Company, a global consultancy firm, projects that the value of Mergers and Acquisitions (M&A) deals will grow by 15 percent globally in 2024.
-
Morocco to surpass Egypt as Africa’s top tourist destination
French nationals remain the largest group of foreign tourists, closely followed by British visitors, whose numbers surged by 47 per cent this year.
-
Egypt, Germany sign €77.3 mln debt swap deal to support education, health sectors
Financial cooperation between Egypt and Germany in technical education has reached approximately 121.5 million euros.
-
Egypt’s total exports decline by 2.2% to record $42.5B in 2023
Egypt’s total imports declined significantly by 5.2% in 2023, reaching $72.4 billion compared to $76.4 billion in 2022. Non-oil imports fell by 4.8%.
-
Chinese Luthai Group plans to establish $385 mln plant in Egypt
Chinese Luthai Group, the largest global producer of dyed fabrics and shirts, regarding their plan to establish their first factory in Egypt.
-
Egypt to invest $748.5M in drilling 46 new oil and gas wells
These measures aim to cut gasoline use and deliver economic and environmental benefits.
-
Egypt, Chinese Shen Feng discuss establishing $1.6 bln industrial complex in Egypt
El-Wazir confirmed that the ministry will fully support the project, including expediting the industrial licensing process and other procedures.
-
Egypt, global partners set to begin gas production from Harmattan field by 2026
Shell and BP to launch production from the Harmattan gas field by the first quarter of 2026, with initial investments at $370mln.
-
Egypt to localise 23 industrial sectors
El-Wazir said the government was advancing industrial localisation through incentives and simplified investment procedures.
-
Egypt’s first digital factoring license secured by FinTech oliv
According to FRA reports, the size of Egypt’s factoring industry in 2023 amounted to LE 44 billion, serving just 605 clients.
-
Pharmaceuticals and food sectors key focus of Saudi ministers’ Egypt trip
Alkhorayef met with senior Egyptian officials and major private sector leaders to highlight Saudi Arabia’s competitive investment environment.
-
Egypt to drill 46 new oil, gas wells with $748.5M investment
Minister of Petroleum and Mineral Resources, Karim Badawi, announced that 15 agreements are currently being negotiated.
-
China's XinFeng to develop $1.7bln industrial complex in Egypt
Chinese steel maker XinFeng will develop a $1.65 billion industrial complex in the Ain Sokhna Integrated Zone, part of the Suez Canal Economic Zone.
-
EUR 77M German Aid to Boost Egypt’s Growth Goals
The funding agreement underscores Germany’s commitment to supporting sustainable growth in Egypt.
-
Food industry represents almost 14% of Egypt’s total exports
The food industry contributes approximately 14% of Egypt’s total exports, emphasizing its importance in driving economic growth.
-
Amea Power commissions 500 MW solar plant in Egypt
Amea Power has held an inauguration ceremony for a 500 MW solar installation in southern Egypt.
-
President al-Sisi signs law obliging EDSCO to build logistics station at Alex. Port
EDSCO will be obliged to implement the project in 30 years, starting on the date of land acquisition.
-
Egypt, Saudi Arabia strengthen economic ties across industrial, mining cooperation
The high-level meeting, attended by senior officials from both nations, focused on advancing mutual investments and fostering economic integration.
-
What we know about Abydos 1 solar power plant
The Abydos 1 Solar Power Plant, inaugurated on Saturday by Prime Minister Mostafa in Aswan, is one of Africa's largest solar power plants.