News
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Bilfinger secures contract for Egypt's $300 million KIMA chemical plant project
With a projected daily output of 600 tonnes of nitric acid, the new facility will play a key role in increasing KIMA’s capacity.
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Egypt launches 543 new real estate projects in 2023
Abbas highlighted that 86% of the total new projects are held by the private sector.
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Tomato price hikes to drop by November
The price hike is due to several factors, including increasing costs, inflation, high temperature, and decreased cultivated area of tomatoes.
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Orascom’s success story: A model for Egypt’s economic resurgence
From Egypt’s serene beaches to Switzerland’s snow-capped peaks, Orascom’s success lies in its ability to create spaces where people can live well.
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Egypt halts electricity load reduction
The Ministry of Electricity and Renewable Energy has decided to halt power load reduction, as fuel supplies meet needs.
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Egyptian grape exporters welcome demand despite low prices
The start of the Egyptian table grape season was marked by a considerable increase in demand versus a drop in volumes.
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Cushman & Wakefield expands into Egypt’s real estate market
Global real estate consultancy Cushman & Wakefield has expanded its footprint with Egypt, which will serve as the firm’s gateway to the MENA region.
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Egypt raises prices of butane gas cylinders by 33-50%
The Ministry of Petroleum and Mineral Resources has raised the prices of butane gas cylinders for domestic and commercial uses to EGP 150 and EGP 200.
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Federal Reserve cuts interest rates for 1st time in over 4 years
This move marks the beginning of what is expected to be a consistent easing of monetary policy.
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Saudi Public Investment Fund to initially invest $5 bln in Egypt
Madbouly commended Saudi Arabia's progress under Vision 2030, noting the significant advancements in urban development and economic diversification.
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Restoration of Edfu Temple reveals rare colored inscriptions
The temple restoration project comes as part of a broader strategy to preserve Egypt’s cultural heritage.
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EGPC acquires 20 shipments of LNG for $907M to meet domestic needs
The procurement deal involves a unique six-month deferred payment structure.
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Poultry prices in Egypt have jumped by almost 15%
Poultry prices marked a 14.9 percent increase since the start of September with the pasture chickens’ prices going up from EGP 67-68 to EGP 77-78.
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Egyptian Min. sends 8 messages on developing spining and weaving industry
Egyptian Minister of the Public Business Sector Eng. Mohamed Shimi revealed plans to develop the spinning and weaving industry.
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Egypt government to set long-term investment & trade plan
Egypt’s investment ministry is drafting a plan for its futuristic vision for investment and trade in the country from 2024 to 2030.
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Egyptians invest EGP 925 mln in gold investment funds
A total of 131,000 Egyptians have invested in state gold investment funds, totalling EGP 925 million since their launch.
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FRA's Progress in Enhancing Egypt's Non-Banking Financial Sector
Farid delivered a comprehensive overview of FRA's endeavors spanning from August 2023 to the present.
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Egypt releases $48 bln worth of commodities from customs in 1st 8 months of 2024
The former minister of finance Mohamed Maait reported in March that a total of 25,000 cars imported by expats were released.
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Egypt signs MoU with Hungary to collaborate on nuclear reactor technology
Located in the Matrouh governorate in northwestern Egypt, the Dabaa plant stands as the country's inaugural nuclear power facility.
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Saudi Crown Prince Pledges USD 5 Billion Investment in Egypt
The announcement was made during a meeting with Egyptian Prime Minister Dr. Mostafa Madbouly in Riyadh.