News
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TEZ TOUR Egypt Launches New Sports-Themed Airline
TEZ TOUR’s new airline venture is expected to draw sports enthusiasts and adventurous travelers to Egypt.
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Egypt sees 60% increase in incoming tourism from China
Fathy reviewed the increase in tourist traffic from the Chinese market to the Egyptian tourist destination of up to 60 percent compared to last year
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Egyptian Aviation Authority rejects Fly Egypt's liquidation request
Outstanding liabilities include contracts with travel companies in Germany and Italy as well as debts to leasing companies.
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TV BRICS launches Arab news portal as Saudi, UAE, Egypt join group
The Arabic portal will feature international news, articles and interviews, as well as special projects to introduce the BRICS+ countries.
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Egypt slashes renewables target to focus on natural gas
Egypt, the world’s 11th-largest natural gas producer, has positioned itself as a supplier of liquefied natural gas (LNG) to Europe.
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Egypt to reevaluate timings for economic reforms with IMF
Egypt to start reevaluating the timing of economic reforms with The International Monetary Fund, Prime Minister Mostafa Madbouly announced.
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Egypt seeks to curb 2025 car imports
This would cap monthly imports at 8,000 cars, a significant reduction from the 90,000 cars imported last year.
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Egyptian-Japanese Business Council, UNDP strengthen cooperation for development
The discussion focused on the localization of automotive production in Egypt and the challenges faced by the sector.
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Madbouly’s economy
For example, has he decided on salary increases every three months at the same rate as the increase in energy and fuel prices?
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Egypt sees positive portfolio inflows amid debt, inflation challenges
Egypt's portfolio flows have been net positive in recent months, with significant inflows into local currency bonds despite the ongoing debt challenge
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President Sisi heads to Russia to participate in 16th BRICS Summit
This is the first time, Egypt participates in the BRICS Summit after it has officially joined the economic bloc in early 2024.
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Egypt’s surges IFC’s capital by $28.9M to boost private sector financing
The IFC invested over $9 billion in Egypt, with an active portfolio of $2.3 billion spread across various sectors, including trade finance and health.
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Egypt’s Raya Holding approves Helios offer for 49% stake in Raya Foods
Helios is the largest Africa-focused private investment firm with over $3.5 billion in assets under management.
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House of Representatives approves Egypt contribution to capital increase of IFC by $28.9 mln
The House of Representatives has approved Egypt's contribution to the capital increase of the International Finance Corporation (IFC) through a stake.
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FRA grants Beltone Capital license to launch country’s 2nd credit rating agency
With this approval, Beltone, in collaboration with its partner CRIF will establish Egypt’s second credit rating agency.
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Gambia aims for cooperation with Egypt on pharmaceuticals, fisheries
Ambassador Aref gave an overview of the leap achieved by Egypt in the pharmaceutical industry, affirming readiness for bilateral cooperation.
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Egypt to allocate exceptional allowance for pensions and salaries
Egypt awaits the fourth review of the Extended Fund Facility (EFF) loan programme in November, which will grant access to a $1.3 billion tranche.
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President al-Sisi handed over copy of national strategy for population
The conference is a global gathering of medical professionals, bringing together 37 specialties to share cutting-edge developments in healthcare.
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Egypt signs 4 MoUs with int'l companies to enhance oil cooperation
Egypt signed four memorandums of understanding (MoUs) and cooperation agreements with international companies to enhance oil cooperation.
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Egypt’s government reveals plan for fuel prices until end of 2025
Madbouly said: “We are have to gradually increase fuel prices until the end of 2025,” noting that there will be no increase for the next six months.