News
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Egypt has huge capabilities in medical tourism field
Advisor to Health Minister Mohamed Gad said that Egypt has huge capabilities in the field of medical tourism.
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Egyptian consortium seal $660 mln deal to establish Alexandria Supply Chain Company
The project will be implemented with 100 percent Egyptian capital with investments reaching $660 million.
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Saudi Arabia to Deepen Investments in Egypt
Saudi Investment Minister Khalid Al-Falih announced the kingdom’s intention to escalate investments from the Public Investment Fund (PIF) in Egypt.
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Are Renewables an Answer to Egypt's Energy Crisis?
The immediate priority has been to keep the lights on as it urgently seeks new gas import options while pursuing an upstream drive.
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IBAG partners with Banque Du Caire to increase Egyptian expats’ remittances
This partnership aims to attract new customers from many social segments to support the financial inclusion initiative.
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Power cuts are set to return to Egypt starting September 15
Egyptian Minister of Electricity, Mahmoud Essmat, affirmed that the load shedding plan, which was suspended on July 20.
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English Shard Capital considers $7 bln petrochemical project in Egypt
The Ministry of Petroleum and Mineral Resources stated that the English company Shard Capital proposed building a petrochemical complex.
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Radisson Hotel Group launches new Cairo Heliopolis location
Radisson Hotel Group expands in Egypt with the opening of new Cairo Heliopolis Residences, offering modern luxury.
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Egypt Receives Third Tranche from IMF worth $820 Million
The International Monetary Fund announced the completion of a review that allows Egypt to withdraw $820 million.
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Metro and Train ticket prices increase in Egypt
The latest prices come soon after a 10-15 percent increase in ticket prices for buses, microbuses, and taxis announced earlier on Thursday.
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New Alamein City at full capacity as festival draws crowds
The New Alamein Festival is proving a success, with hotel occupancy rates in the city reaching 100 percent until the end of August.
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The top countries exporting the most tourists to Egypt
The CEO of the Egyptian Tourism Authority Amr al-Kady announced an increase in tourists coming from England, Holland, Saudi Arabia and China.
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Egypt’s ambitions to become a global yacht hotspot are soon to get a boost
The government is getting ready to finalize a contract to develop Galala Marina — expected to become Egypt’s premier yacht destination.
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Infograph: Egypt overall debt trajectory in 9 fiscal years
Egypt’s overall debt decreased by approximately seven percent in FY2023/2024 to 89 percent of the GDP, down from 95.70 percent in FY2022/2023.
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India's Ostwal Group plans to invest $300M in fertilizer plant in Egypt
Managing Director of Ostwal Group of Industries Praveen Ostwal affirmed the Group's strong interest in operating and expanding in Egypt.
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Ministers join forces to revitalise Egyptian cotton industry
The focus of the discussions was on accelerating the implementation of a national project to modernise the spinning and weaving industry.
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Egypt gold jewellery demand rose 2% in 2Q 2024
This occurred after prices decreased when the currency situation improved following the IMF loan, according to the WGC report.
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Fertilizer Factories Operating Regularly after Natural Gas Back up
This came during a meeting Wednesday with the ministers of agriculture, business, and petroleum to follow up on the situation of fertilizer production
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IMF adjusts Egypt’s economic forecast with more positive outlook post-3rd review
In a report released last week, the IMF had predicted a 2.7 percent growth in FY2024/2025 and a slightly improved 4.1 percent in FY2025/2026.
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US Dollar rate against EGP hits its highest level in almost four months
The US dollar rate against the Egyptian Pound (EGP) hit its highest level on Wednesday since April.