News
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Egyptian chili peppers to rise in price by 30% this season
There is a strong demand for chilies, cherries, kardoula, Peperoncino, Kapia, and Jalapeño. We export to Italy, Germany, the Netherlands, and the UK.
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Egypt expected to produce more wheat in 2024-25
Wheat imports are estimated at 12.5 million tonnes, up 11.4% from the previous estimate but the same as 2023-24.
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Giorgetti opens a new store in Egypt
The high-end design brand announces a store near Cairo, consolidating its presence on the African continent, a strategic area.
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El-Sisi appoints Youssef Boutros Ghali member of Specialized Council for Economic Development
President Abdel-Fattah El-Sisi has appointed former minister of finance Youssef Boutros Ghali as a member of the Specialized Council for Economic Dev.
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Al Azhar to establish college specializing in AI
Al Azhar President Dr. Salama Dawood said the move reflects the university’s commitment to modernisation.
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EdVentures invests in Egyptian education
VC arm provides funding to eight Egyptian startups as it seeks to support country's education system.
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Dollar Drops against Egyptian Pound to 48.48
The dollar depreciated against the Egyptian currency by about 20 piastres to record EGP 48.48 to buy and EGP 48.62 to sell.
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Egypt unveils initiatives to boost investments across diverse sectors
Madbouly underscored that these initiatives are poised to leverage promising investment prospects in Egypt, fostering economic growth.
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Global south secures less than 15% of investments in renewable energy
The global south, representing 65 percent of the world's population, secures less than 15 percent of renewable energy investments.
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Egypt aims for over $20 billion FDI annually
This initiative is expected to create thousands of job opportunities for the youth in Egypt, Madbouly emphasized.
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Beltone and Madkour Group sign $8.21mln leasing and factoring agreement
The agreement includes a sale and leaseback arrangement for Madkour Group’s administrative unit assets at the “Zizinia” project in New Cairo.
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Egypt pays $1,2 billion in back payments to foreign oil companies
Three officials told Asharq that Egypt's efforts to pay arrears to foreign oil companies come at a time when it is trying to increase natural gas.
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FRA approves Egypt’s inaugural a special purpose acquisition company
CPME aims to complete acquisitions of target companies within two years from the date of its listing, explained the FRA statement.
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Egypt NWFE programme is model for green economy transformation
US Special Presidential Envoy for Climate John Kerry said that Egypt's Nexus of Water, Food and Energy (NWFE) programme is a model for initiatives.
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MCIT invests EGP 1.7 billion to develop digital skills during FY2023l2024
MCIT devised a strategy to train 500,000 individuals in the ongoing fiscal year and aims to train one million more by the fiscal year 2029-2030.
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Urban Development Fund: Reshaping Egypt’s Urban Landscape for a Better Future
Aninsightful interview with Dr. Khaled Siddik, CEO of the UDF, talking about the UDF’s relentless efforts and commitment to reshaping Egypt landscape.
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Haier Group Commences Construction of Phase 2 for Its Production Complex in Egypt
The new phase is expected to generate around 1,000 new jobs in the supply chain, building on the first phase’s success.
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Partnership bet. Egypt, Japan reach $3B over 18 projects
Egypt and Japan are working in tandem on significant projects like the Grand Egyptian Museum and the enhancement of the Abu Al-Rish hospital.
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EgyptAir announces suspension of flights to Lebanon
EgyptAir announced on Monday that it has suspended its flights to Lebanon following the escalating conflict with Israel.
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Egypt Healthcare Authority, Roche forge strategic partnership
They discussed ways to support cancer patients, establish centres of excellence for eye diseases, and support health surveys.