News
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Egypt tops Africa in 2024 Global Soft Power Index
The Global Soft Power Index assesses the perceptions of all 193 UN member states, evaluating countries based on eight pillars.
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Egypt wheat reserve sufficient for nearly 6 months
Egypt’s strategic wheat reserve is sufficient for 5.9 months, Minister of Supply and Internal Trade Sherif Farouk told Asharq Business.
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Egypt faces onion overproduction, low demand and low prices
As a reminder, last season’s onion stocks were insufficient in Egypt, driving prices on the local market to unprecedented levels.
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Egypt starts establishing first ecofriendly industrial complex with LE 12B investments
The new complex will be Egypt's first environment friendly industrial complex, spanning 400,000 square meters.
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Egypt: One of North Africa’s Most Promising Emerging Markets
Africa’s internet economy has the potential to grow to US$ 180 billion by 2025, representing 5.2 percent of the continent’s GDP.
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Saudi-UAE consortium withdraws from major investment project in Egypt
The Egyptian government allocated the project to develop this land to two companies affiliated with the Sovereign Fund of Egypt in March.
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Egypt counts on foreign funds to buy gas as power crisis worsens
Egypt needs some $2 billion worth of gas to cover summer demand through October, according to one of the two sources.
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CBE reports first profit in seven years
The CBE also reported a rise in total assets, reaching EGP 6.057trn in June 2024, compared to EGP 4.480trn in June 2023, an increase of EGP 1.6trn.
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Siemens and the General Authority for Industrial Development, Egypt sign MoU
This strategic agreement aims to elevate Egypt’s industrial capabilities and strengthen its position in MENA.
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Madbouly follows up on latest developments of the Great Transfiguration Project
The Great Transfiguration in the city of Saint Catherine aims to take the utmost advantage of the area’s unique features.
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UAE to implement 1,000MW solar energy project in Egypt
These stations, with a combined capacity of around 1,000 megawatts, will be set up in Upper Egypt, notably in the Aswan Governorate.
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Al Magd Group to cultivate 29,000 feddans of oil crops in west Minya
This aligns with the company’s commitment to attracting local and foreign investments and providing necessary facilities to foster development.
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Sisi approves €250 mln loan to electrify, upgrade Alexandria’s Abu Qir railway
The government approved the 250 million euros loan deal in August 2023, and the House of Representatives passed it in June 2024.
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New Alamein to host the Egypt International Airshow 2024 exhibition
The first edition of the Egypt International Airshow 2024 will be held in New el-Alamein City from September 3-5.
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Egyptian banking sector records $13.25bn NFA surplus in July, marking continued growth
This marks an increase from the previous month’s surplus of $13.02bn (EGP 626.6bn) in June.
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Egypt, IETOS cooperates to establish LE 12B green industrial complex
Encompassing an expansive 400 thousand square meters, this complex marks a significant stride towards environmentally conscious industrial development
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LE998 bln allocated to education, higher education in FY2024/25 budget
Higher education and scientific research amounted to nearly LE998 billion in the budget of the FY 2024/2025.
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Hanno outlines plans to boost cultural investment in Egypt
Egyptian Prime Minister Mostafa Madbouly met with Minister of Culture Ahmed Hanno on Saturday to discuss a proposed vision for investments.
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Egypt to establish 1st green industrial complex in New Alamein
Egypt will invest EGP 12 billion in establishing its first green industrial complex in the industrial zone of New Alamein.
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Egypt welcomes Black & Decker’s first factory in MENA region
This investment will involve setting up the first factory for the production of electrical equipment and tools in the Middle East and Africa.