News
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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.
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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.