News
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Egypt’s B Laban is Opening in London
The brand’s first European expansion, B Laban teased the London branch through their official social media page on Facebook.
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Infrastructure needed to support Egypt’s tourism ambitions
A resort hotel in Sharm El-Sheikh. Egypt needs more investment in hotels and its airport infrastructure to realise its tourism ambitions.
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Here’s when 5G technology will come to Egypt
He added that 5G services are a significant development in data transfer speed, roughly 10 times that of the previous 4G.
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Egyptian-Malaysian free trade agreement in progress
This forum was launched under the theme “Navigating Trading Challenges with Sustainable Solutions”.
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AXA Egypt and Post for Investment launch micro-insurance company
Both individual and group micro-insurance policies will cover health, personal accident, life, livestock mortality, etc.
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Egypt's headline inflation inches up to 26.4% in September
Recent inflation was driven in part by fuel hikes of 10-15% near the end of July, a 25-33% jump in metro ticket prices at the beginning of August.
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Egyptian Banks Cut Interest on Dollar Certificates
The national Bank of Egypt (NBE) and Banque Misr, the two largest government banks, cut interest on 3-year dollar savings certificates by about 0.50%.
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Egypt, Romania discuss agricultural cooperation
The meeting tackled means to increase the Romanian investments in Egypt especially in the field of agricultural mechanism.
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FinMin discusses Egypt's tax reforms, strategic fiscal policies
A simplified tax system will be introduced for small businesses and startups with annual revenues of up to 15 million EGP.
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Norway, Germany sign €30 mln grant for Egypt's green hydrogen
This fund is directed towards industrial projects at various stages along the green hydrogen value chain.
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Egypt’s startup funding rose 219% m-o-m in September
Cairo-based startups dominated the funding landscape, primarily driven by fintech and cleantech ventures.
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Egypt invested EGP 530 bln in Sinai and Canal cities over 10 yrs
The total investments for projects in Sinai and the Suez Canal cities amounted to EGP 58.8 billion in FY2023/2024.
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Mangoes lead in Egyptian fruit exports
The General Administration Information Center's report on exports and imports noted that Egypt sent out 3,770 food shipments.
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SCZone to produce solar panels at $1.8 mln
According to the statement, the factory is expected to operate within two months, providing 42 job opportunities.
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Egypt is qualified to be a global leader in renewable energy field
This came during his participation in the Hamburg Sustainability Conference in the German city of Hamburg.
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House of Representatives approves increasing Egypt-US assistance grant to $20.5 mln
The funded activities under this agreement will focus on collaborative efforts with various governmental ministries and stakeholders.
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Al Mashat chairs the first meeting of the Entrepreneurship Ministerial Committee
The commitee aims to enhance the capabilities of local startups and create a favorable environment for sustainable economic growth.
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Egyptian-Malaysian free trade agreement in progress
Egypt is a main importer of Malaysian palm oil; moreover, the Malaysian Palm Oil Council (MPOC) has a trade office in Cairo.
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Egypt grants 5G licences to Orange, Vodafone and e& Egypt
The agreements solidify Egypt’s strategy to deploy advanced technological services to support key sectors including smart cities.
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Cairo, Alexandria top 10 African cities with cheapest groceries
Egypt’s Cairo and Alexandria topped Numbeo grocery index for 10 African cities with the cheapest groceries mid-2024.