News
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Rameda records 22.17% YoY consolidated profit hike in 9 months
Revenue jumped to EGP 1.784 billion in January-September from EGP 1.388 million in the year-ago period.
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Egypt partners with SAP, University of Informatics to build tech solutions into curricula
Talaat noted that Egypt launched the National AI Strategy's (NAIS) first phase in 2019, and the second phase will begin soon.
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Egypt aims to boost mining sector’s GDP share from 1% to 6%
The mining sector aims to increase its contribution to Egypt’s Gross Domestic Product (GDP) from the current 1% to 5-6%.
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Egypt Sees a Marked Increase in Expat Remittance Inflows
The Central Bank of Egypt reported a year-on-year growth of 76.2% in remittance inflows for July and August 2024.
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Egypt reiterates 42 percent renewable energy target for 2030
As of July 2024, solar, wind, and hydropower make up 11.5 percent of Egypt's electricity generation.
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Egypt launches ‘Project Revival’, using 3D technology
The move coincides with the celebration of the 122nd anniversary of founding the Egyptian Museum in Tahrir.
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Egypt's unemployment rate records 6.7% in Q3 of 2024
The unemployment rate in Egypt increased to 6.7 percent, up by 0.2 percent from the previous quarter.
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Egypt, PADMA to launch €70M furniture manufacturing hub
Expressing gratitude for Egypt’s supportive environment, Krupa announced that construction on the 400,000-square-meter site has already begun.
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CBE allows opening bank accounts from age 15 without guardian
The bank explained that this amendment comes in light of the decision of Interior Minister amending the age of issuing the ID card to be 15 not 16.
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Arabian Drilling Secures 10-Year Contract Extension with Saudi Aramco
The contract will commence immediately upon the conclusion of the current contract in the fourth quarter of 2024.
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Egypt's Garment Export Council announces 18% increase in exports
With regard to the export markets of the sector, the United States of America ranks first with 871 million dollars, accounting for 43 percent.
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Flyadeal begins flights from Jeddah to Sohag in Egypt
Flight F3 777 arrived at Sohag International Airport to a water salute, an airline industry tradition to welcome a new aircraft or route.
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Egypt's aims to boost mining sector contribution to 5-6% of GDP
The minister emphasized Egypt’s goal to transform its mining sector, noting its current contribution of approximately 1 percent to the national GDP.
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Egypt reaffirms 42% renewable energy goal for 2030
Last year, Egypt faced prolonged power outages as natural gas production was hit by financial constraints and declining local extraction.
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France cooperates with Egypt in energy transition for more than 10 years
France is supporting energy transition in Egypt to meet its ambitious goal to generate 42 percent of clean energy by 2030.
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Vodafone and Telecom Egypt sign $600m deal to push 5G
In October, Egypt granted mobile operators including Vodafone Egypt, Orange Egypt and e& Egypt licences for 5G services worth $675 million.
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Egypt to receive 8 LNG shipments in November to meet domestic gas demand
To ensure supply stability during peak winter demand, additional LNG shipments may be received if needed.
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Egypt showcases high tech innovations at Electronica 2024
Egypt’s Information Technology Industry Development Agency (ITIDA) is presenting eight of the country’s leading tech companies at Electronica 2024.
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Egypt denies requesting larger IMF loan tranche
The Central Bank of Egypt (CBE) has denied recent media reports that the country has requested an increase in the upcoming tranche of its $8 billion.
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Egypt's PM urges stronger global support for climate mitigation at COP29
In a roundtable on energy and climate change mitigation, Egypt emphasized its target of 42% renewable energy in its energy mix by 2030.