News
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Singaporean Olam to raise investment in Egypt to $55 mln
Prakash Jhanwe declared in a meeting that his company will increase its current investment by $22 million to reach $55 million.
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PM advances Egypt's automotive industry with Kasrawy Automotive Group
Kasrawy Automotive Group aims to achieve an annual production target of 5,000 cars with a total investment of $16 million.
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Healthcare authority, Siemens Co in talks over health services
Sobki said cooperation with Siemens Health Care will include holding training courses for doctors, radiographers and medical device engineers.
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Administrative Capital for Urban Development achieves EGP17 bln net profits
This profit marks a 30 percent rise compared to 2023 at EGP6 billion.
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Egypt’s net foreign assets record EGP 508.58B in July 2024
This positive trend follows a significant turnaround from a deficit of LE 174.385 billion in April 2024 to a surplus of LE 676.4 billion in May 2024.
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Egypt to initiate global tender to explore natural gas
This initiative aims to incorporate fresh wells into the production network within the next few months, as per the source.
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Maridive Offshore Projects secures $14.4mln contract for cable installation in Egypt
The contract involves the procurement and installation of electrical power cables in Egypt, with project execution set to begin in the third quarter.
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Egypt efforts to support private sector over two years
The Egyptian Information and Decision Support Centre (IDSC) issued in a report on Thursday the efforts and measures the government has taken.
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AD Ports Group expands Egypt presence as Noatum buys majority stake in Safina
After deals for cruise, Ro-Ro terminals, this time its Noatum subsidiary in the spotlight.
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EGP 2 tln divided equally between public and private investments planned for FY2024/2025
The total investments allocated in the current FY2024/2025 plan amounts to EGP 1.987 trillion, including EGP 1 trillion in public investments.
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Egypt's Fawry plans to begin Saudi operations by year-end
Fawry is an Egypt-based company that provides an electronic payment network.
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Egypt creates new council for localizing computer chips, solar cells industry
Moreover, the council will follow up the development of work on current investments in this field of technology.
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Egypt launches its national low-carbon hydrogen strategy
The Egyptian cabinet announced on Thursday the launch of the national low-carbon hydrogen strategy.
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How Egypt is scaling national green and smart solutions to mitigate climate change
The Middle East and North Africa (MENA) is experiencing warming at twice the global rate, which threatens to wipe off 4-21% of the region’s GDP.
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CEO of Egypt’s sovereign fund reportedly resigned in July, to close term by end of month
Soliman’s resignation was somewhat expected, with one source stating that the government was looking to introduce fresh faces into key positions.
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Egypt’s parliament proposes to regulate TikTok profits and content
Recently, the committee officially denied rumors about a potential ban on TikTok by next October.
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Cabinet reissues free transit visa at all Egyptian airports
The transit visa lasts for 96 hours and will be available until April 2025.
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Egypt achieves milestone by launching carbon trading market
Egypt has launched its voluntary carbon trading market — the first in the country and in Africa.
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SCZONE and Turkish Eroğlu Global Holding launch $40 mln garments project
This groundbreaking project will initially cover 64,000 square meters, with plans for a second phase to expand to 400,000 square meters.
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Egypt Digs Deeper: Modernizing The Mining Industry
This comes as different ministries are working hand in hand to ensure the sustainability of the mining sector and ensure that it meets climate action.