News
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Egypt Discusses with Russia's "Rosatom" Investment Opportunities
The company delegation expressed interest in a number of partnership and investment opportunities with companies affiliated with the ministry.
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Government announces LE7 billion will be provided to meet Egypt’s medicine shortages
The meeting highlighted the package of measures taken to ensure the availability of various types of medicines and pharmaceutical products.
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Egypt is Surging Travel Industry with Visa Free Entry to 52 Countries
This initiative is making international travel more accessible for Egyptian citizens, boosting outbound tourism.
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Minister of Agriculture commits to supporting livestock industry
Initiatives, in collaboration with government banks, aim to provide the necessary financing for farm owners and milk collection centres.
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Egypt's inflation slows to 25.7% in July
Month-on-month prices fell by 0.4%, slowing from a 1.6% rise in June. Food prices eased by 0.3% in July.
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Egypt locally manufactures mobile phone towers
The Arab Organisation for Industrialisation (AOI) announced this week the establishment of a mobile phone tower manufacturing facility in Egypt.
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Egypt targets sub-10 percent inflation by 2025-2026
The country’s annual urban consumer price inflation slid to 25.7 percent in July from 26.5 percent in June.
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Gov’t facilitates permits to film int’l work in Egypt
Egypt is rich in many diverse and unique cultural and artistic locations and legacies, but few international cinematic works have been shot in it.
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Hydraulic lift technology may have helped build Pyramid of Djoser
The Pyramid of Djoser, also known as the Step Pyramid, is believed to have been built around 2680 BCE as a funerary complex.
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Egypt to open Saudi investment office in Cairo
Egypt is set to open a Saudi investment office at the headquarters of the General Authority for Free Zones and Investment (GAFI) in Cairo this August.
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Egypt to introduce ‘Instagram Filters’ at museums
Fikry said that eight artifacts were carefully selected to reflect the different historical eras of Egyptian civilization, in the central hall.
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Egypt’s T-Vencubator launches new initiative to fund 5 local startups
Egypt-based VC-incubator T-Vencubator has launched its inaugural initiative "Where's the Problem?" to back the Egyptian ecosystem.
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Egypt and EIB discuss bolstering partnership and collaboration in electricity sector
Discussions during the meeting centered on identifying opportunities for collaboration between the ministry and the EIB.
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Egyptian customs releases $44 bln worth of goods since January 2024
The Egyptian Customs Authority (ECA) has released imported goods worth $44 billion from its ports since the start of 2024, the head of the authority.
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Egyptian worker remittances surge in second quarter
The Egyptian pound was set at 30.85 to the dollar at the official rate but traded as low as 74 on the black market.
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Egypt's imports of consumer goods decrease by $7.8 M in May 2024
Egypt's overall imports decreased by 5.1 percent in May 2024 to $7.38 billion from $7.77 billion in the same month of the previous year.
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Economic diplomacy a key to strengthen Egypt position as rising int’l power
Minister of Foreign Affairs Badr Abdelatty said Monday, in a ceremony marking the 100th anniversary of the Egyptian Stock Exchange (EGX).
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Egypt, UAE Discuss Cooperation in Energy Domain
The two countries enjoy advanced infrastructure, especially in the areas of storing and trading oil and petroleum products.
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Egypt plans to set up 2 hydroelectric projects with capacities of up to 2,000MW
The investments in these initiatives are projected to reach $2.5 billion, attributing to the advanced technologies employed.
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Key economic figures of Egypt in FY2023/2024
Minister of Finance Ahmed Kouchouk announced in a press conference on Tuesday key indices and the financial performance FY2023/2024.