News
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Egypt advances 36 positions in global aviation rankings
Egypt’s Civil Aviation Ministry had earmarked $626.7 million for projects aimed at enhancing airport facilities.
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Ezz Steel announces voluntary delisting from EGX
In a filing to the EGX, the company stated that the decision was approved during a board meeting held on December 7, 2024.
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Egypt to announce new gold exploration tender in early 2025
The Egyptian Ministry of Petroleum, led by Minister Karim Badawi, is set to launch a new gold and associated minerals exploration bidding process.
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Global call center giant Foundever to increase investments to EUR 65 mn to expand Egypt operations
The government wants to see digital outsourcing services bring USD 9 bn into the economy annually as of 2026.
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Egypt pound breaches 50 to the dollar
The pound has traded within a narrow range just short of 50 to the dollar since Egypt signed an $8 billion financial support package with the IMF.
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Egypt has great potentials in packaging
Chairman of the Egyptian Export Council for Printing and Packaging Nadim Elias asserted Egypt has great potential in the packaging industry.
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Tourism contribution to Egypt’s GDP edges up slightly to 8.1% in 2024
Egypt’s tourism, with its direct and indirect activities, has increased slightly from 8 percent in 2023 to reach 8.1 percent of Egypt’s total GDP.
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Egyptian-Italian RORO shipping route to increase Egyptian exports to European markets
The move comes within the framework of directives of President Abdel Fattah El Sisi to transform Egypt into a regional hub for global transport.
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Egyptian employers and ILO collaborate to uphold fundamental labour standards
Targeting persistent challenges in the garment industry, these tools align with international labor standards and Egypt’s national regulations.
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Egypt talks with Iraq on $500 million railway renovation projects
The Iraqi government is expected to make a final decision about the final result of these negotiations by March 2025.
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MoPMR, AngloGold Ashanti Sign Draft Agreement for Gold Exploration
The meeting also discussed the status of searching and exploration operations at the concession areas that were acquired by the company.
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Egypt To Float Up To Four Army-owned Firms: PM
The government has been under pressure to sell stakes in state-owned companies under a bailout package secured from the IMF.
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Egypt wind farm receives US$170mn injection
The African Development Bank (AfDB) has approved a loan of up to US$170mn to support the 1.1GW Suez Wind Project in Egypt.
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Saudi Arabia Eyes Mining Opportunities in Egypt
Badawi highlighted the ongoing development efforts within the Egyptian mining sector and the initiatives to create an attractive investment climate.
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Ancient boat that carried the dead pharaohs discovered in Egypt
The vessel is more than 4,900-years-old and offers a unique glimpse into the spiritual and technological practices of ancient Egypt.
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Here is when the new prices for Khufu Pyramid tickets take effect
The Supreme Council of Antiquities approved the amendment of fees for visiting the Khufu Pyramid from the inside.
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Egypt ranks 2nd for budget transparency in MENA survey
Egypt has ranked second, following Jordan, for budget transparency across the Middle East and North Africa (MENA) region.
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Contact Pay, eKhales expand partnership to offer PoS payment solutions
This partnership enables Contact customers across the country to conveniently settle their payments via eKhales’ expansive partners network of PoS.
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Developing Egypt priority industrial sectors requires EGP 7.7 bln loan
Minister of Industry and Transport Kamel El-Wazir said that developing the industrial sectors that the government prioritizes requires a loan.
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Minister of Electricity and Dutch Ambassador discuss green hydrogen
This meeting comes after several important developments in the growing economic relationship between Egypt and the Netherlands.