News
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Egypt aims to raise industrial sector contribution to GDP to 30%
This event will be held from 25 to 27 November. The first edition of this conference and exhibition took place in 2022.
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Why is the world’s oldest Egyptian museum in Turin?
Just before the Christmas festivities of 1824, an Egyptian pharaoh wrote to his royal counterpart Carlo Felice, duke of Savoy and king of Sardinia.
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Polish firm Hynfra to build green hydrogen plant in Egypt
Hynfra will construct the plant with an initial output capacity of 100,000 tonnes per year at a cost of around $1.6 billion.
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Egypt’s AAIB issues landmark $500 mln sustainability bond to promote finance
Arab African International Bank (AAIB) issued Sunday a landmark $500 million sustainability bond to accelerate Egypt’s green transition.
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Egypt Reviewing LNG Import Needs
Gas-producing Egypt surprised markets this year with massive LNG tenders as a scorching summer spiked electricity consumption and local output decline
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US$500 million sustainability bond to support climate finance
In 2023 Egypt’s government announced its aim to reduce greenhouse gas emissions by 37 percent by 2030.
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Sixteen missing after tourist boat sinks off Egypt's Red Sea coast
Twenty-eight people were rescued and had only minor injuries such as bruises and scrapes with none requiring hospitalisation.
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Egyptian auto market startup Sylndr secures EGP 370 mn
EFG Corp-Solutions acted as one of the lenders of the transaction, alongside EFG Holding’s commercial bank Bank NXT, EG Bank, and others.
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Islamic Banking In Egyptian Market Increases To EGP 1.080Trn
This substantial growth is attributed to the transformation of Al-Ahli United bank into an Islamic bank following its Acquisition by Kuwait Finance.
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36 real estate companies listed on
These companies achieve an average return on equity of 19.7 percent and a net profit margin of 39.2 percent.
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Egypt hosts 2nd Global Dialogue on AI Governance
This initiative aligns with the African Union’s operational mechanisms and underscores Egypt’s leadership as chair of the AU AI Working Group.
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Chinese LONGi to supply solar cells worth $500mln for Egypt in 2025
LONGi is targeting contracts to acquire solar cells with capacities between 2 and 2.5 gigawatts next year.
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Gold prices surge 6% in one week amid increasing demand for safe havens
The price of gold rose by 6% over the past week, reaching a two-week high of $2,716 per ounce, after opening at $2,567 per ounce.
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Cairo ICT 2024 highlighted Egypt’s Digital Growth
Cairo ICT 2024, held from November 17-20, explored trends in AI’s role in data centers, cybersecurity, blockchain, smart cities, and IoT.
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Egypt, EU Strengthen Strategic Partnership with €1.8 Billion Investment Guarantees
The meeting also explored hosting a workshop in Egypt to introduce EFSD+ mechanisms, providing stakeholders with insights into its benefits.
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Film Commission Signs Protocol to Boost Egypt as Filming Destination
The Film Commission has signed an agreement with the Location Managers Guild International to promote Egypt landscapes as prime filming location.
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NARSS, GIZ discuss research cooperation projects
The meeting discussed opportunities to leverage GIZ’s focus on supporting agricultural projects and small farmers.
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Egypt’s central bank achieves LE 107.7B in net profits by October 2024
The statement further indicated that total equity rose to LE 162.413 billion, compared to LE 150.667 billion in September.
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Telecom regulator reevaluates pricing
He denied that a 100 EGP recharge card was being offered with a balance of LE45, stating that a LE100 recharge card provides a balance of LE70.
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Egypt's FRA facilitates sale of 350 carbon emission reduction certificates
Registered in the FRA’s carbon emissions reduction database, these certificates were sold to the Insurance Federation of Egypt.