News
-
Egyptian consortium to set up a USD 1.2 bn chemical production plant o feed fertilizer industry
A local consortium led by Abu Tartour For Phosphoric Acid will set up a USD 1.2 bn phosphoric acid production plant.
-
Private & International School Fees Rise by Up to 25% Across Egypt
The increase is applied to schools at a rate dependent on school fees, with more expensive schools seeing smaller increases.
-
UK to increase its projects in production sectors, human development in Egypt
The United Kingdom (UK) aims to increase its projects in Egypt, particularly in production sectors and human development.
-
Packaging costs in Egypt have risen by around 45%
Egyptian exporters of all crops are complaining about soaring costs this season, the packaging costs in particular.
-
Egypt’s economy showing signs of recovery: IMF
Egypt’s banking sector remains stable and financial institutions could achieve profitability and have sufficient capital liquidity, IMF said.
-
EGAS announces bid to explore natural gas in 12 regions in Mediterranean & Nile Delta
This endeavor aligns with the Ministry's strategy to attract new investments to Egypt by leveraging opportunities in gas and oil exploration.
-
NoorNation Secures Investment from KBW Ventures as It Scales Green Infrastructure in Africa
The company’s flagship product, LifeBox, delivers clean energy and safe water to rural communities, farms, and tourism businesses.
-
Egypt expects savings of $615 million after rising electricity prices
This comes as the Egyptian government has increased electricity prices with rates ranging from 14 percent to 40 percent for prepaid household meters.
-
Egypt targets over 15 million tourist arrivals in 2024
The number of tourist arrivals to Egypt during the first half of 2024 reached a record high of 7.069 million.
-
Egypt sovereign fund appoints Noha Khalil new acting CEO
Khalil's appointment was announced during a TSFE board of directors meeting headed by Minister Rania Al-Mashat.
-
Entrepreneurship sector attracts $2B in FDI
This came during the release of Entlaq’s Egyptian Entrepreneurship Sector Diagnostics Report for the first half (H1) of 2024.
-
What's driving high prices of autos in Egypt?
The US dollar's surge against the Egyptian pound, coupled with a shortage of imported vehicles, has fueled the re-emergence of the "over-price".
-
Alexandria Port Authority to handover management of 3 ports by end of year
In July, it was reported to be won by a consortium of three local firms, which plan to invest about $50 million in the project's first phase.
-
Egyptian start-up turns plastic waste into tiles
In a factory on the outskirts of the Egyptian capital, Cairo, workers are using tiny shards of discarded plastic to make tiles.
-
Egypt, Singapore explore collaboration opportunities in tourism sector
The meeting also addressed the possibility of increasing investment opportunities in the tourism sector, especially in the field of hospitality.
-
Egypt to establish 3,450MW wind energy projects, 3700MW solar energy projects
Minister Mahmoud Esmat, overseeing the Ministry of Electricity and Renewable Energy, highlighted ongoing wind energy initiatives totaling 3,450 mw.
-
US-Egypt Joint Economic Commission 2nd round to start in September
The second round of the US-Egypt Joint Economic Commission is scheduled for 4-5 September.
-
PM Madbouly reappoints Ahmed Elsheikh EGX chairman for 2nd term
Ahmed Elsheikh appoints as the Egyptian Stock Exchange's chairman and Heba ElSerafi as the vice chairman for a one-year term, starting 26 August.
-
CBE clarifies limits on foreign and domestic currency exchange
The bank emphasized that it had previously increased the daily withdrawal limit for domestic currency from ATMs to LE30,000 in April.
-
New survey spotlights Egypt’s progress in financial transparency and oversight
Egypt has improved its position by six spots in the 2023 Open Budget Survey, now ranking 63rd among 125 countries.