News
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43 Ready-to-Operate Factories Unveiled in Robbiki Leather City
The new factories are open to operation by investors, aiming to boost Egypt’s leather exports beyond USD 1 billion annually.
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Monoprix plans to make its debut in Egypt next year
French retailer Monoprix plans to make its debut in Egypt next year, as part of its international expansion.
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Raya Holding to invest $25 mln in tier 3 data centre in Egypt
Raya Holding for Financial Investments has revealed a strategic investment of $15 million in Raya Data Center (RDC), augmented by an additional $10mln
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Environment ministry, FEI, CEDARE explore Egypt circular, green economy opportunities under SRI project
Key presentations included the Swiss model for e-waste Extended Producer Responsibility (EPR) systems and financing mechanisms.
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Egypt's unemployment rate reduced to 5.6%
Over the past 10 years, the government has consistently worked to create new job opportunities while navigating economic challenges.
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Egypt to launch ambitious export support program in FY2025/26
Speaking at the sixth annual Hapi, Kouchouk emphasized the government’s commitment to supporting export activities.
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Tourism Contribution to Egypt’s GDP Rises to 8.1% in 2024
The country ranked third among Arab nations for tourist arrivals, welcoming approximately 14.9 million visitors in 2023.
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ITIDA concludes largest-ever virtual IT employment fair in Egypt
The Information Technology Industry Development Agency (ITIDA) has successfully concluded the 14th edition of its IT Employment Fair (IEF).
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Mansour Group Unveils the All-New MG7
The launch of the MG7 is a transformative moment for Mansour Group as we redefine what it means to drive in Egypt.
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Egyptian pound registers new record EGP 50.58 against US dollar
The Egyptian pound exchange rate slightly increased on Monday by 0.54 percent to EGP 50.58/$1, compared to EGP 50.31/$1 on Sunday.
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From Cairo to Cape Town: eSIMs and Eco-Friendly Innovations
Technology meets sustainability in two transformative moves in the MENA and African telecom markets.
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Egypt finance minister discusses economic policies at National Press Authority
The recent National Press Authority (NPA) seminar aimed to enhance cooperation between the authority and the Egyptian Ministry of Finance.
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Egypt launches voluntary peer review report on competition law
Al-Mashat emphasized the Egyptian government’s commitment to boosting competitiveness and creating an investment-friendly environment.
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Egypt state-owned Delta Insurance receives 2 acquisition offers
State-owned Delta Insurance has received acquisition offers from AXA Egypt and Wafa Life Insurance Egypt, with an estimated purchase price of EGP 5bln
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NTRA launches eSIM services in Egypt
The four main mobile operators successfully completed all required technical tests to enable the service.
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Egypt to lease second LNG floating regasification unit starting 2H 2025
It looks like the LNG regasification unit docked in Jordan may soon be heading to Ain Sokhna.
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Housing Ministry eyes global marketing strategy
The strategy also aims to reduce the ministry’s operational and maintenance burdens, particularly for large-scale infrastructure projects.
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Egypt adopts ambitious strategy targeting global date market
Egypt’s export performance is modest. According to government data, only around 4-5 per cent of its annual production is exported.
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Delayed Grain: Egypt's Russian Wheat Import Commences
This first dispatch, amounting to 63,000 tonnes, is slated to reach Egypt before the end of 2024, per the sources' information.
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China's total investment in SCZone exceeds $3 bln
Construction is scheduled to begin in January 2025, with operations slated to commence in December 2025.