News
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Shell Reveals Drilling Plans for New Wells in the Mediterranean
They also discussed the company’s activities in the fields of oil marketing, carbon reduction, social development projects and LNG.
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Egypt adopting financial policies to localize electronic industry
The Ministry of Finance adopts financial policies to localise the electronic industry in the Egyptian market and boost the country’s digital exports.
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10 startups to watch in Cairo, Egypt
According to the latest Global Startup Ecosystem Report 2024 by Startup Genome, Cairo is one of the top 3 startups hubs in MENA.
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EgyptAir goes digital with real-time baggage tracking
EgyptAir, Egypt’s national carrier, has announced the launch of a new automated baggage tracking service for its passengers.
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Egypt ranks 2nd for most affordable broadband in Africa
Egypt ranked 2nd among the top 10 African countries for most affordable broadband in 2024, according to Business Insider Africa report.
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EgyptAir announces 15% price reduction
EgyptAir has offered a 15 percent discount to participants in the exhibition on all its airlines coming from various international destinations.
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2,066 Chinese companies invest $8 billion in Egypt
Abdel Aal highlighted Egypt's intention to enhance Chinese investments by establishing a dedicated economic zone inspired by those in China.
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Egypt signs on EU Tigara programme to support trade, industry, growth
The signing was at the headquarters of the Ministry of Planning, Economic Development, and International Cooperation in the New Administrative Capital
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CBE extends deadline for receiving gold jewellery export proceeds
The CBE took this action to support gold jewellery exporters due to the lengthy procedures of their trade activities.
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USAID announces millions of dollars pumped into Egypt’s cultural tourism sector
This is alongside the restoration and development of many archaeological sites in Alexandria, Luxor, Aswan and more across the country.
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CBE Withdraws Liquidity from Banks worth EGP 1.058 Trillion
31 banks offered bids worth EGP 1.058 trillion on Tuesday, and 100% of the bids submitted by the banks were accepted.
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Egypt opens CREATIVA Incubation Programme 2nd cohort
The nine-month programme will be running from October 2024 to June 2025.
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SCZone slams reports claiming it has borrowed LE19 billion
It appealed to media professionals and journalists to communicate directly with the authority through official communication channels.
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Egypt's external debt declines to 160.6B during Q1 of 2024
By the end of March, Egypt's overall external debt had declined to $160.6 billion, down from $168 billion in December and $164.5 billion in September.
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Egypt likely to raise prices of 1,600 pharmaceutical products
The authority could approve increasing the prices of around 600 products within the fourth quarter of this year.
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ExxonMobil provides $90M in seismic exploration in Egypt
The corporation aims to accelerate drilling endeavors upon the arrival of the drilling team in October.
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Egypt, US inaugurate renovations in Historic Cairo
The renovations include the Bimaristan al-Muayyad Sheikh, a hospital complex built in 1420 A.D.
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All you need to know about key CBE figures on Egypt payments balance
Egypt’s overall balance of payments registered a surplus of $ 4.1 billion in the July-March period of the 2023/2024 fiscal year, from a $ 281.9 m.
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Korea, Egypt Discuss Strengthening Future-Oriented Economic Partnership
Ambassador Kim emphasized that Korea and Egypt have cultivated a close economic partnership across a wide range of sectors.
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Egypt hikes electricity prices for households by up to 50 percent
The country is gradually phasing out subsidies as part of an agreement with the International Monetary Fund (IMF).