News
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S&P Global affirms Egypt ratings At ‘B-/B’
The positive outlook reflects the significant steps the Egyptian authorities have taken over the last eight months to address imbalances.
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Egypt’s Suez Canal Authority unveils new yacht discounts
Egypt’s Suez Canal Authority (SCA) will introduce significant reductions in transit and mooring fees for yachts, with discounts ranging from 20 to 50%
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Al Mashat reveals FY2023/2024 economic indicators
This marks a decline from the previous year's growth rate of 3.8 percent, largely due to ongoing external shocks, and geopolitical tensions.
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"Egyptian-Belgian" Talks to Develop Investment, Boost Trade Exchange
The minister stressed the importance of joint work to increase the volume of trade between the two countries, which last year amounted to EUR 2.1bln
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Egypt's Domty receives $181mln acquisition offer
Arla seeks to voluntary delist Domty from the Egyptian Stock Exchange following the transaction.
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Omar Khairat to host concert at Cairo Opera House on Sunday
Veteran composer Omar Khairat is preparing for a huge public concert on Sunday, October 20, on the stage of the Fountain Theater.
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Grand Egyptian Museum announces trial operations of main galleries
The Grand Egyptian Museum’s (GEM) Main Galleries take guests on an extraordinary journey through millennia of history.
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El Gouna Film Festival screenings at Zawya
The seventh edition of the El Gouna Film Festival presents 14 selected films for screening at the Zawya cinema from October 27 to November 2.
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Egypt opens more galleries in long-awaited antiquities museum
Grand Egyptian Museum next to the pyramids of Giza was initially scheduled to open in 2012 but the launch was repeatedly pushed back due to cost.
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Iraq’s rehabilitation depends heavily on Egyptian firms
Egyptian companies can participate further in the available opportunities to develop the Iraqi infrastructure, according to Khalaf.
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Ukraine restores orange imports amid fierce competition between Egypt and Turkey
In January 2022, orange imports were twice as high compared to the same month in 2023/24.
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Saudi Arabia, Egypt finalize investment protection agreement
Prime Minister Mostafa Madbuly has said in recent weeks that bin Salman has given directions for US$5 billion to be injected into Egypt’s economy.
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Turkish brand Jeans attracts admiration worldwide with ‘Made in Egypt’ label
Turkish Ambassador to Cairo Salih Mutlu Şen visited the Akay ready-made garments factory in Port Said, which produces one of the leading brands.
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AngloGold’s $2.5bn takeover of Centamin approved by Egypt
The deal would make the South African gold miner the world’s fourth largest producer of the precious metal as it hands it the key to the Sukari mine.
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Eni to drill new wells in Egypt
Badawi made the remarks during the general assembly meeting of PetroShorouk, the operator of the Zohr field.
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Egypt’s Rabbit Mobility raises $1.3 million to expand its electric scooter platform
The platform aims to provide a sustainable and efficient solution to the “first and last mile” transportation challenge in Egypt’s cities.
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Greece, Egypt to lean on wind power in GREGY subsea interconnection project
The projects planned in Egypt are so large in scale that essentially they constitute almost one more Greece, so to say.
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For 15 days, Egyptian banks open accounts for free without a minimum
The MBC Masr channel reported that this step comes on the occasion of the Global Week for Financial Inclusion and the World Savings Day.
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Egypt Aims to Secure Affordable Electric Cars
Egypt is poised for the production of key components such as motors and batteries, and eventually for full-scale vehicle production.
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CBE allows financial inclusion accounts in foreign currencies
The central bank also announced that direct debit cards can be issued in the same currency as the accounts after obtaining the necessary approvals.