News
-
Egypt property market soars despite economic strain
Property prices in Egypt have surged in 2024 with no signs of slowing down — a puzzling trend amid intense economic conditions.
-
Egypt, Turkey sign 20 agreements
The agreements mark a significant step towards repairing strained relations between the two nations.
-
Anticipation builds for CBE decision on interest rates Thursday
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene on Thursday to decide on interest rates.
-
12 projects get FRA approval to join carbon emissions reduction database
The FRA’s approval supports the broader goal of bolstering Egypt’s first regulated market for voluntary carbon emission reduction certificates.
-
Egypt to upgrade line 1 of Greater Cairo Metro
The project will increase the line’s efficiency and capacity, in addition to improving safety and performance levels.
-
Workers at Samnoud Textiles strike to demand implementation of national minimum wage
Workers at Samnoud Textiles in Egypt have continued their strike amid management's refusal to implement a government-mandated minimum wage.
-
Egypt outlines ambitious plans for aviation
The Egypt International Air Show is being held at El Alamein airport – one of the key planks in Egypt’s ambitious aviation expansion plans.
-
BP to boost Egypt's gas production by 200M cubic feet per day
This move, confirmed by a government source speaking to Asharq Bloomberg, follows BP's hefty investment of over $400 million in drilling two wells.
-
IMF forecasts rise in Egypt gross international reserves
The International Monetary Fund (IMF) has projected a substantial increase in Egypt's gross international reserves.
-
Sweilam reviews measures during maximum water needs
The Ministry acted to solve water distribution and management problems in a number of sites on the network of canals across Egypt during the summer.
-
Egypt’s non-oil business activity expands for first time in three years
This was the second month in a row that businesses increased recruitment amid expectations of more business activity, the survey's results showed.
-
Egypt tax revenues rose 25% in July, August
The paper cited unnamed government sources as saying that the increase in tax revenues is attributed to expanding the tax base.
-
Italy's Eni to deploy 3 drilling rigs for Egyptian Agiba petroleum
Italian energy giant Eni has confirmed it will begin operating three drilling rigs in Egypt starting next week.
-
Indian black carbon company plans to build $60M plant in Egypt
As part of this initiative, a delegation from the carbon black company will visit Egypt to assess potential factory locations.
-
Egypt in talks with China to establish $100M projects spans across diverse sectors
Egypt is in talks with Chinese investors to launch approximately 7 to 8 major projects requiring investments exceeding $100 million.
-
Egypt works to ease drug shortages within weeks: Official
The government has made strenuous efforts during the past months to make medicines available by facilitating the customs clearance of these medicines.
-
Egypt engineering industry exports grow by 29.9% in 7 months
The Engineering Export Council of Egypt revealed that engineering industry exports have increased by 29.9 percent since the beginning of the year.
-
1st phase of the Egypt Digital Industrial Platform launched
The platform would also provide electronic services to industrial investors, whose presence at any authority would no longer be required.
-
Egypt secures €165 million loan for grid upgrade
Egypt is expected to upgrade its energy infrastructure with a €165 million ($183 million) sovereign loan from the EBRD.
-
Egypt's ready-made clothing exports increase by 20% during 2024
Furthermore, in July 2024 alone, exports surged by approximately 37 percent to $268 million, up from $195 million in July 2023.