News
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Egypt net int'l reserves increase to $46.9 bln by end-October
Egypt's net international reserves (NIRs) increased to $46.9 billion by the end of October, up from $46.7 billion in September.
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Egypt increases cigarette prices
The value of the new increase ranges from LE 4.25 to five LE per pack according to the brand.
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Egypt will be one of leading countries in low-carbon hydrogen economy
Egyptian Minister of Electricity Mahmoud Esmat said Egypt will be one of the leading countries in low-carbon hydrogen economy in 2040.
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Here are the InstaPay withdrawal limits
The Central Bank’s decision came due to the increasing number and value of transactions on the National Instant Payment System.
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Egypt prioritizes fostering coop. with fellow African countries
Egypt gives top priority to boosting cooperation with fellow African countries, Prime Minister Mostafa Madbouly said Tuesday.
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Egypt to receive over 15.3M tourists by end of 2024
On the sidelines of the World Travel Market in London, Fathy highlighted the country's growing appeal as a top global destination.
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Egypt to establish pharmaceutical industry zone in Suez Canal Economic Zone
The Suez Canal Economic Zone (SCZone) will establish a dedicated pharmaceutical industry zone covering an area of four million square metres (m²).
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Egypt’s telecom sector contribution to GDP increases by 5.8% during FY2023/2024
Egypt’s outsourcing exports saw a remarkable 54 percent increase within a year.
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Egypt budget deficit drops to 2.1% in Q1 FY2024/2025
Egypt's budget deficit dropped to 2.1 percent of the GDP in the first quarter (Q1) of the current fiscal year (FY) 2024/2025, down from 3.2 percent.
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Reactor core catcher for Dabaa arrives in Egypt
The core catcher, a unique safety device specifically designed for advanced third-generation reactors, takes approximately 14 months to manufacture.
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3 European markets fuel the growth of Egypt’s tourism sector
Othman added that British tourism is returning at high rates this winter season for the first time in 11 years.
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Egypt, Germany seek to boost bilateral cooperation
The meeting was held on the sidelines of the 12th World Urban Forum (WUF12), which kicked off here on November 4.
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Egypt, Djibouti central banks partner for training
The Central Bank of Egypt (CBE) announced Tuesday that it has partnered with the Central Bank of Djibouti (CBD) to conduct a comprehensive training.
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DFDS starts first direct ferry route between Egypt and Italy
The inaugural voyage is set for November 29, 2024, with weekly departures planned from Damietta on Fridays and Trieste on Mondays.
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Egypt signs 2nd phase of Egyptian Cotton Project with UNIDO
Egyptian Ministries of Agriculture and Industry have signed a document for the second phase of the Egyptian Cotton Project with UNIDO.
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Tax Authority identifies over 800 potential VAT payers on digital services
Remote services performed by non-resident suppliers have been taxable in Egypt since 22 June 2023.
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Egypt gold prices jump 1.2-1.9% on Tuesday
On Tuesday, global gold prices increased by 0.22 percent compared to Monday, reaching $2,743 per ounce, according to Gold Price.
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Egypt’s Bold Push to Boost Tech Startups on the Global Stage
This is the government’s play to turn Egypt into a tech hub not just for MENA, but on a global scale.
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Italy’s Eni will restart gas drilling in Egypt and Libya
Italian energy company Eni is reviving its exploration operations on Zohr, Egypt’s largest natural gas field, by the end of the year.
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Egypt Saudi to build a submarine cable line
elecom Egypt has partnered strategically with the Saudi telecommunications giant Mobily to build the first submarine cable line under the Red Sea.