News
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Egypt's parliament to review 'unconstitutional' decades-old rent law
Egypt's Supreme Constitutional Court has annulled the first two articles of the law regulating the tenant-landlord relationship, dubbed 'the old rent.
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Swvl’s USD 4.2M Contracts boost Egypt’s Booming Mobility Market
Swvl secured USD 4.2 million in new contracts in Egypt, boosting its footprint across industries like FMCG and telecom.
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The Grand Egyptian Museum in Cairo opens 12 new galleries
Two decades after the start of construction work, the final opening of the world's largest museum is drawing ever closer.
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NASR, Al Safy Group sign EGP 500 mln deal to manufacture cars locally
This partnership will contribute to the country’s long-term economic growth and industrial development by meeting domestic market demand and expanding
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28th Edition of Cairo ICT kicks off
The exhibition hosts a wide range of participants, including ministries, government entities, local and international companies.
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Gold suffers worst weekly drop in 3 years
Gold prices plunged significantly, losing more than $220 from its all-time high recorded last month.
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Huawei unveils its flagship Power-M Solution at Cairo ICT 2024
Huawei proudly unveiled its flagship Power-M Digital Power Solution, which sets a new benchmark in energy innovation, on the sidelines of Cairo ICT.
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Telecommunications companies in Egypt invest $2B in new frequency spectrums
Regarding internet infrastructure, the minister stated that the average internet speed in Egypt currently stands at 76 Mbps.
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Egypt’s textile, garment exports to surge to $1.4bn by 2025
Salam said that the council aims to raise the sector’s exports to $1.23bn by the end of 2024, a growth of 10%.
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WE to cut off internet for specific customers in 12 days
The company has emphasized the importance of paying November’s landline bill to avoid internet disconnection or additional penalties.
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EBRD provides $2.5B to support Egypt's private sector
The discussions focused on expanding the cooperation portfolio and exploring new areas aligned with Egypt's governmental priorities.
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Egypt’s NTRA grants licenses to 7 major outsourcing companies
This move aims to improve the sector's competitiveness, attract foreign investment, and ensure service quality.
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Egypt's GAFI launches six new free zones
The new zones will be in El Alamein, 6th of October City, Borg El Arab, 10th of Ramadan City, in addition to 2 zones in the NAC and south Sinai.
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El-Nasr manufactures its 1st electric bus
This cooperation comes within the framework of environmental protection, and the plan to develop new clean energy buses.
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Egypt seeks revitalising auto industry
PM Madbouli spoke at a ceremony to return of production lines at the state-owned El-Nasr Automotive Manufacturing Company (NASR) after 15-years.
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Egypt Aluminium achieves 45% of previous year’s net profit in only Q1
The basic earnings per share (EPS) increased to EGP 3.39 billion in Q1 FY2025 from EGP 1.30 in the year-ago period.
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Sofitel Legend Pyramids Giza
Accor and ADTIC Announce the Signing of Sofitel Legend Pyramids Giza in Egypt, just steps away from the Pyramids and the Grand Egyptian Museum.
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Telecom Egypt revenue records EGP 58.4 bln in 1st 9 months of 2024
Telecom Egypt's consolidated revenue has grown 34 percent year-on-year (YoY) from the beginning of 2024 through September, reaching EGP 58.4 billion.
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Telecom Egypt revenue records EGP 58.4 bln in 1st 9 months of 2024
Telecom Egypt's consolidated revenue has grown 34 percent year-on-year (YoY) from the beginning of 2024 through September, reaching EGP 58.4 billion.
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Orascom completes $37.4 land sale to Hassan Allam
This collaboration highlights ODE’s commitment to enhancing the El Gouna community through targeted partnerships with leading developers.