News
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Egypt’s Ras el-Hekma to have own airport
The Minister reviewed the plan to develop EgyptAir by increasing aircrafts of various models, travel destinations, and passengers using the airline.
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Egypt’s central bank inks MoU with Tunisian counterpart
The MoU aims to exchange experiences and knowledge through workshops, training courses, and conferences.
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Söder visits Egypt: "An exciting country"
Siemens is building the "Suez Canal on rails" in Egypt, a high-speed line from the Mediterranean to the Red Sea.
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Suez Canal revenue down by $6 billion over regional tensions
The Suez Canal, a vital artery for global trade, is the shortest shipping route between Europe and Asia. It is one of Egypt's main sources of currency
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Renewable energy to supply 42% of energy mix in Egypt by 2040
Esmat noted that Egypt’s strategy focuses on efficiently managing its natural resources while reducing carbon emissions and promoting green energy.
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Heinz Invests $50 Million in Egypt
This expansion underscores Egypt's unique position as the sole country in the Middle East where Heinz operates.
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GEM, Schneider Electric partner to enhance tech solutions for sustainability
This partnership is part of the museum's broader strategy to achieve sustainability and improve energy efficiency through cutting-edge technology.
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FM urges South Korea to set up industrial area in SCZONE
This came during a meeting he had Friday 27/9/2024 with South Korean Foreign Minister Cho Tae-yul.
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Four Alliances Compete for $285 Million Egyptian Railway Renovation Project
This project estimated at around $285 million, as confirmed by government officials to Asharq Bloomberg.
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EPEAVC & USAID sign MoU to Boost Venture Capital Investment in Egypt
Under the MoU, USAID and Egyptian Private Equity and Venture Capital Association will enhance the efficiency of Egypt’s ecosystem.
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Naguib Sawiris urges interest rate cuts to boost Egypt's real estate sector
He highlighted the adverse effects high interest rates have on attracting foreign investment, warning that they could lead to a potential bubble.
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BP, ADNOC plan to expand natural gas exploration in Egypt
The bidding process aligns with the ministry's strategy to attract fresh investments to Egypt, emphasizing the exploitation of promising opportunities
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El Gouna Film Festival unveils CineGouna Platform selections
Following a rigorous selection process, CineGouna Platform chose these projects from over 230 submissions.
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Egyptian Tourism Booms With 40% Surge In Russian Bookings
Tour operators indicate that sales have surged by over 40% compared to the same period in 2023.
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Egypt ranks among the top three smartphone markets in Africa
Egypt’s local smartphone market has been expanding of late and is now seeing double-digit growth in 2024.
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Egypt welcomes 1.5 M German tourists annually
There are a large number of German companies operating in Egypt (1600 companies) involved in a number of important projects for the Egyptian state.
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CBE to host 48th annual meeting of Council of Arab Central Banks
This meeting will be preceded by a workshop titled Increasing the Strength and Stability of the Financial System in the Age of Digitization.
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Health min. in talks with Roche Egypt over localising drug manufacture
The meeting comes as part of the health ministry’s effort to strengthen the domestic drug industry and encourage investments in this vital sector.
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AllSaints opens first African store in Egypt
AllSaints has opened a standalone store at Cairo’s Mall of Arabia in Egypt, which marks its first physical location in Africa as the brand expands.
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The Velaro High-Speed Train for Egypt
In total, 41 Velaro high-speed trains will be produced for Egypt’s new railway system to travel at speeds of up to 250 km/h.