News
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NERIC to open factory in East Port Said Industrial Zone by 2025 with EGP 4.2 bln initial investment
These trains will have 320 air-conditioned metro vehicles for the Greater Cairo Metro second and third lines.
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Egypt’s unemployment down to 5.6 percent in 2024
Since 2014, Egypt has implemented major reforms aimed at boosting the private sector, revising laws and procedures to attract investment.
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You can now use Apple Pay in Egypt with CIB cards
With this launch, the CIB aims to ease everyday transactions for its customers, providing them with a faster way to pay.
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Egypt to establish 1st ship scrapping project in region
Egypt produces approximately eight million tons of rebar annually, while licensed steel factories have a production capacity of 16 million tons.
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Egypt: Planted garlic area doubled
Doubling the acreage means a return to normal production since, last season, garlic acreage in Egypt was halved on the season before.
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NBE, Banque Misr, CIB launch Apple Pay activation trials
The National Bank of Egypt (NBE) launched Tuesday Apple Pay service activation trials for secure contactless payments.
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PM highlights Egypt’s growing international partnerships, economic reforms
The Prime Minister spotlighted the President’s visits to Denmark, Norway, and Ireland, underscoring the strategic partnerships and agreements signed.
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Four Egyptian Armed Forces-affiliated companies to go public in 2025
Egypt will list four companies affiliated with the Armed Forces on the Egyptian Stock Exchange (EGX) in 2025.
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TAQA Arabia, Somabay opens Egypt's largest solar-powered desalination plant
The first phase of the joint plant has a daily capacity of 3,650 cubic meters, providing a sustainable supply of safe water to meet the resort's needs
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Egypt trade deficit grows by 22.8% in September to $4.4 bln
The trade deficit rose for the third consecutive month to $4.4 billion in September, compared to $3.6 billion in September 2023.
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Egypt’s largest tech job fair creates 700 jobs
The fair attracted over 8,000 active participants, connecting job seekers with leading employers in the country’s rapidly growing IT sector.
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ExxonMobil to Drill Offshore in Egypt’s Western Mediterranean
ExxonMobil will begin drilling a new offshore gas exploration well in the North Marakia Offshore Concession, Western Mediterranean this month.
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Saudi Arabian low-fare carrier opens new Egypt route
Saudi Arabia’s low-fare carrier, flynas, has inaugurated a new route connecting Medina Prince Mohammad bin Abdulaziz Airport (MED) and Giza Airport.
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Egypt to offer 24 educational projects for private-sector participation
These projects include infrastructure developments such as sewage and water stations, electricity transformers, and networks.
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Egypt’s steel industry giant EZZ Steel to delist its shares from EGX
EZZ Steel has appointed BDO Keys Financial Advisory to perform a detailed valuation and assessment of a fair value for the shares.
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Egypt delays launch of financial derivatives market until Q2 2025
The delay comes as preparations for the market, in coordination with the Egyptian Exchange (EGX), are still underway.
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Egypt annual core inflation drops by 0.7% in November to 23.7%
The Central Bank of Egypt (CBE) announced Tuesday that the annual core inflation rate continued its downward trend for the third consecutive month.
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Volume of trade exchange bet. Egypt & Norway record $217M during 2024
Egyptian exports to Norway rose to $15 million during this period, up from $11 million in 2023.
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Egypt's United Bank commences trading on EGX
The United Bank (UB) of Egypt announced on its website that the bank’s ordinary shares began trading on Tuesday on the Egyptian Stock Exchange (EGX).
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Egypt's inflation dips to near two-year low of 25.5% in November
The median forecast of 15 analysts in a Reuters poll had been for annual inflation to inch down to 26.4% last month.