News
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Egypt’s food industry exports record $3.2B during H1 of 2024
Exports to non-Arab African countries reached $225 million, making up 7 percent of the total exports and growing by 9 percent.
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EgyptAir issues urgent notice for travelers to and from Beirut
The company wrote on its Facebook page: “Important notice, please review your reservation to and from Beirut.”
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Egypt to boost natural gas production by 5B cubic feet per day by end of 2024
This move aims to integrate additional wells into the production system in the upcoming months, as per the source.
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Egypt trade deficit narrows by 10.3% year-on-year: CAPMAS
Egypt’s trade deficit narrowed by 10.3 percent year-on-year (YoY) in May to reach $3.5 billion, down from $3.9 billion a year earlier.
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Egypt implements 6 stages of the Egyptian export support initiative spans from 2019 to 2023
During this period, over 2351 companies reaped the benefits of the program, receiving a collective support sum of EGP 54.15 billion.
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Egypt PMI hits highest level in June: S&P report
Egypt’s Purchasing Managers’ Index (PMI) hit its highest level in three years in June at 49.9, up from 49.6 in May, according to an S&P Global.
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Golden View launches its latest project in the Fifth Settlement
The event was attended by many prominent real estate figures, board members, and major real estate marketing companies.
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Min.: Irrigation Ministry plays pivotal role in implementing Decent Life initiative
Water resources projects play important role in achieving sustainable development as water is the main element in any development project.
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Expatriates' Beit Al-Watan real estate initiative attracts $7.3 bln
The Beit Al-Watan initiative aims at encouraging Egyptians abroad to invest in their home country in the field of housing.
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Mashroak empowers 212,000 projects with EGP 29bn in loans
Expanding SME implementation and financing across all governorates through “Mashroak” remains a top priority for the ministry.
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Egypt: Opening of the 2024 International Academic Fair
This year, students from the Egyptian Youth Council, Malaysia, and Indonesia were invited to perform in cultural activities as well.
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Assiut $3 bln diesel production complex almost finished
The new diesel production complex in Assiut is almost finished with 78 percent progress, according to a statement by the Ministry.
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Egypt implements 20% wheat price increase for subsidized bread production
The Ministry of Supply and Internal Trade has increased the selling prices of both local and imported wheat for producing subsidized bread by 20%.
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Two New Flight Routes between Italy, Egypt to be Launched in October
All flights will be operated by modern Airbus A320 aircraft; adding that the two routes will be launched in October.
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Egypt trade deficit narrows by 10.3% year-on-year: CAPMAS
Egypt’s trade deficit narrowed by 10.3 percent year-on-year (YoY) in May to reach $3.5 billion, down from $3.9 billion a year earlier.
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PM: We are keen on supporting national industry
Prime Minister Mostafa Madbouly asserted the state is keen on supporting and encouraging the national industry and solving any investor problems.
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Egypt's banking sector achieves LE 626.6B surplus in net foreign assets
Notably, May's surplus was the first since January 2022 when a surplus of EGP 9.674 billion was noted.
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SAIB Bank supports fintech startups, entrepreneurship
SAIB Bank has been actively supporting companies in the Egyptian market, including One Order, Aalnota, and Waseela.
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EFG Hermes ONE rebrands
EFG Hermes ONE offers the Egyptian market's pioneering licensed e-KYC digital onboarding process.
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11 main objectives of Egypt's national initiative 'Ebdaa'
The initiative aims to rely on local products and reduce imports, by enhancing the role of the national private sector.