News
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Egypt’s MaxAB and Wasoko finalize Africa’s largest tech merger
“This merger proves that massive, world-class tech companies can be built in Africa for Africa,” says Belal El-Megharbel, Co-CEO at Wasoko and MaxAB.
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Egypt to disburse LE 10B to stabilize pharmaceutical market and prices
Pharmaceutical prices are expected to rise by 25-30 percent in the coming months due to ongoing price increase requests from companies.
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Egypt eyes shift from commodity subsidies to cash payments by July 2025
Currently, Egypt subsidizes essential commodities for more than half of its population.
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French Saint-Gobain to Invest €300M in Egypt, boosting industrial expansion
Wafik disclosed that a €175 million flat glass factory is currently under construction in Ain Sokhna, scheduled for completion in 2026.
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EGX to rebound strongly in 4Q 2024 despite fluctuations: Experts
All indices reached support levels, with the main index reaching 17,000 points and surpassing its resistance level of 12,000.
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Arab African International Bank reports net profit of USD 156MM
Arab African International Bank reports its separate financial statements for the first half of 2024 with a net profit of USD 156MM.
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Egypt to establish 7 major corridors linking production areas to ports
According to the ministry, these logistics corridors come as part of Egypt’s 2030 Sustainable Development Plan.
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Eaton Expands Presence in Egypt with New Office, Customer Experience Centre and strategic Partnerships
Eaton is reinforcing its commitment to the local market by forming strategic partnerships with prominent local manufacturing partners.
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Madbouly and Kouchouk review efforts to lower debt levels
The meeting also addressed the government’s strategies for maintaining fiscal discipline and ensuring that the debt-to-GDP ratio continues to decline.
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National library of Egypt to digitize 11,000 books for online access
The initiative seeks to make cultural products accessible to all citizens, offering a broader reach of Egypt's rich culture.
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Archaeologists discover 1st ancient astronomical observatory from ancient Egypt
"Everything we found shattered our expectations," Hossam Ghonim, director general of Kafr El-Sheikh Antiquities said.
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Rosatom aims for 30% completion rate at Dabaa Nuclear Plant in Egypt
Likhachev noted that this collaboration would greatly assist Egypt in achieving its objectives in the realm of new and renewable energy sources.
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Egyptian super-mangoes set to conquer Southeast Asia soon
Southeast Asia may soon become a new export market for one of Egypt’s most unexpected fruits – mangoes, according to EastFruit.
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Infograph: Egypt exports growth in 2023
This is especially after the announcement of the new government's programme, which included raising exports to $130 billion until FY2026/2027.
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Egypt in the top 100 global science and technology clusters
The report noted that from 2019 to 2023, Cairo filed 166 patent applications with WIPO under the Patent Cooperation Treaty.
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IMF eases support package conditions for Egypt
This new review involves easing some of the fund’s criteria, and is part of the two reviews the IMF conducts per year before disbursing funds.
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Black & Decker to establish first electrical equipment factory in Egypt
Hossam Heiba, GAFI CEO, assured that all necessary investment facilities and incentives would be provided to accelerate the process.
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Automotive sales jump by 42.2% MoM in July
Passenger cars led the sales increase, rising 50.7 percent from June to approximately 9,700 units, making up 85.5 percent of total sales.
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Irrigation Min Lauds Cooperation Between Egypt, Sweden In Water Resources Sphere
The minister also hailed the support provided by the Swedish International Development Cooperation Agency (Sida) to Egypt.
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Finance Minister: We eye more British investments in Egypt
Minister of Finance Ahmed Kouchouk has described Britain as key partner to Egypt, saying that it is one of the biggest investors in Egypt.