News
-
Gold Prices Surge by EGP 290 Since the Start of 2024
At the beginning of 2024, a gram of 21-karat gold was priced at EGP 3,175. In January, it peaked at EGP 4,200.
-
Ericsson, e& Egypt join forces to enhance Egypt’s ICT infrastructure
This would enhance structures for the expected launch of 5G services and develop a robust ecosystem for future telecommunications projects.
-
Egypt taking serious steps to promote reliance on AI
Egypt established the National Council for Artificial Intelligence in 2019 and launched the National Artificial Intelligence Strategy in 2021.
-
Egypt projects a return to normal energy production by 2025
Egypt's Prime Minister, Mostafa Madbouly, announces a strategy to restore oil and gas production to previous levels by 2025.
-
Total volume of tourist arrivals to Egypt surpasses 8M in 2024
Spending levels escalated between January and mid-August, growing at rates ranging from 12 to 14 percent, as reported by Al Arabiya Business.
-
Egypt exceeds global average in budget oversight for 1st time at 54 pts
Egypt has exceeded the global average in budget oversight for the first time achieving 54 points.
-
China-led int'l consortium to operate new large terminal at Egypt's Dekheila Port
The backyard used at this terminal is 1 million square meters, with a container capacity of 1.5 million TEUs (twenty-foot equivalent unit).
-
Work underway to alleviate Hurghada’s drinking water shortage
Citizen complaints against water company officials have increased, due to the delay in pumping water to residents.
-
Constructing Egypt’s New Capital
As of March 2024, more than 1,500 families had moved to the city, according to news reports.
-
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.
-
Prices of non-subsidized bread expected to decrease
Abdel-Gawad added that this comes in light of the decrease in the price of flour by about LE 200, despite rising fuel prices.
-
Egypt Menthum launches USD fixed income fund in partnership with CI Capital
Menthum, an Egyptian digital savings platform, announced on Sunday the launch of its USD Fixed Income Fund in collaboration with CI Capital.
-
Egypt government hikes electricity prices by 40% to reduce subsidy bill
Egypt’s government has increased the price of electricity this week amidst a cost of living crisis, a move likely to cause further frustration.
-
Climate change seriously hampers the strawberry industry in Egypt
In Egypt, climate change is manifesting in many forms and impacting several crops, one of the most sensitive being strawberries.
-
Egypt, Saudi Arabia go ahead with $1.8 B interconnector
The project is expected to be operational in two phases, with the first phase scheduled to begin in July 2025.
-
Masdar to advance solar, battery projects in Egypt
Masdar is now allowed to launch studies related to the implementation of a solar energy project with a capacity of up to 4 GW.
-
Egypt’s Mashroa’ak program creates over 1.442 million jobs
The program has facilitated the implementation of over 212,800 projects.
-
133-Acre Dry Port Project to be Developed in Alexandria
The selected company will be expected to finance, design, construct, manage, maintain, and transfer the dry port and logistics centre.
-
Egypt’s Biogrand plans to establish fertilizers factory in Saudi Arabia
The project aims to meet the demand of the Saudi market and export 50% of production to four Arab countries.
-
Vida Marassi Marina Resort
Located along the scenic Marassi coastline, the resort offers convenient access to the vibrant shopping, dining, and nightlife scene.