News
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Egypt dedicates $14m to protecting coral reefs
The initiative, running from 2024 to 2030, will focus on preserving approximately 99,899 coral reefs along Egypt's Red Sea.
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Egypt to start medium-term budgetary framework in 2025
Egypt will adopt a medium-term budgetary framework for the first time in 2025 to set a three-year strategy plan.
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Flyadeal Begins 20 New Routes Expansion with Two Egyptian Cities
Greenway hints at further expansion plans in Egypt over the coming months, underlining the market's key role in Flyadeal's strategy.
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Over 6,600 ships opted for longer Cape of Good Hope transit amid Red Sea tensions
Osama Rabie stated Sunday that over 6,600 ships have opted for South Africa’s Cape of Good Hope – bypassing the Suez Canal route.
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Fawry and Bel Egypt enhance digital financing solutions for retailers
This partnership will aid retailers’ digital transformation, enabling them to overcome economic challenges and expand their businesses.
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Egypt Eyes Gas Production Increase
The government aims to ramp up output at Zohr by drilling new wells starting in the first quarter of 2025, according to a ministry statement.
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EU to finance green transformation in Egypt at €7 mln
Egypt and EU signed on Sunday the European Green Facility initiative to finance green transformation in Egypt valued at €7 Million.
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Egypt urges Nile Basin countries to reconsider water agreement
Egypt and Sudan have so far rejected the agreement while the CFA has been signed by upstream countries, including Ethiopia, Rwanda, and South Sudan.
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Egypt is a global technology, outsourcing hub
Egypt is a global technology hub for outsourcing and IT service exports, said Minister of Communications and Information Technology Amr Talaat.
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Creative Industry Summit Hits 10-Year Milestone
Since its inception in 2014, C-S has transformed into a powerful force, driving the growth of the creative economy across the region.
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A look into Egypt’s local router manufacturing industry
ITIDA signed contracts with Telecom Egypt and three private companies to design and develop locally made high-speed internet routers last March.
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Saudi Arabia will supply power to Egypt
Testing is scheduled to begin in April and work is expected to be completed by mid-2025.
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Egypt says unilateral GERD operation threatens over 1.1 million livelihoods,
Madbouly warned that Ethiopia’s continuation of unilateral actions regarding GERD poses an existential threat to over 100 million Egyptian citizens.
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Agiba Petroleum Company’s total investments reach $417M during FY2023/2024
El-Gendy also announced the construction of a new state-of-the-art station to treat oil-associated water with a capacity of 45,000 barrels per day.
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Egypt, EU launch €7M green facility to support green transition
The program provides comprehensive technical support to help Egypt strengthen sector strategies, improve water governance.
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Egypt aims to boost natural gas output by 30% per day by 2025
This production increase aligns with the government’s commitment to settle arrears owed to foreign oil companies before the fiscal year ends.
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EIB’s Guido Clary highlights vision for Egypt's economic resilience
Clary highlighted the EIB's crucial role in economic growth and sustainable development.
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Egypt's FRA Suspends Establishment of Microfinance Companies for 1 Year
It also suspended accepting applications for obtaining a license to practice microfinance activities for associations and civil institutions.
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Egyptian companies deliver natural gas to homes in Europe
This comes after Town Gas was approved by the Romanian Energy Authority, becoming the first Egyptian company working in this field in Europe.
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Gold Prices Surge, 21-Karat Gold Reaches EGP 3,600
Meanwhile, the global price of gold closed at $2,657 per ounce, achieving a weekly gain of $1, or 0.2%.