News
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Egypt: Benha-Thales Joint Venture details
Egypt’s Benha Electronics Industries and the French defense company Thales Group signed a cooperation agreement on 15/7/2024.
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Gulf banks look to Egypt, says Fitch
They look to diversify their business models and boost profits. Fitch believes that several banks in the GCC are seeking to acquire Egyptian banks.
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Egypt approves installation of code meters for illegal electricity connections
This measure applies regardless of the location of the facility or building.
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Unveiling the grandmasters: Egypt’s rising chess pioneers
His trophy cabinet boasts an impressive seven African chess championship titles, cementing his status as a true regional powerhouse.
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From Luxor and Aswan to Gouna: Here’s how Egypt can cater to every taste
Egypt has a plethora to offer in terms of travel and experiences for all kinds of preferences.
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Will a tsunami hit Egypt?
Dutch earthquake researcher Frank Hoogerbeets sparked controversy on social media on Tuesday by warning of a tsunami occurring in the Mediterranean.
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Italian ENI to increase oil, gas production in Egypt
Badawi and Opizzi have also agreed to benefit from Egypt’s position as a regional hub for energy trading to receive the gas produced by ENI SpA gas.
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Daily luxury bus trips begin on July 25 from Cairo and Alexandria to the New Alamein Festival
The ministry said that these trips will begin on Thursday and aims to serve citizens and support humanitarian development activities in Egypt.
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FRA releases new conditions for brokerage firms to trade in upcoming voluntary carbon market
On Tuesday, Farid issued Decision No. 1732 of 2024, revealing the specific criteria for firms to qualify for future FRA approval.
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Egypt targets $5bn in Indian investments by 2027 through strategic initiatives
El-Khatib also mentioned ongoing coordination among relevant ministries to prepare comprehensive files on land, energy, and the necessary procedures.
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Health Minister announces that Egypt’s drug shortage crisis will end in 2-3 months
Minister of Health and Population Khaled Abdel-Ghaffar announced on Tuesday that the medicine shortage crisis in Egypt will end within 2-3 months.
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Egypt launches tender to import 5 gas shipments in August, September 2024
The official has affirmed that Egypt will recurrently release bids for gas imports until local production rebounds.
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Cabinet Agrees to Install Smart Electric Meters for Violating Buildings
The decision of installing a code meter applies before legalizing the status of the violating building.
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Enhancing transportation infrastructure for economic growth in Egypt
This joint endeavor is poised to directly influence the pricing of consumer goods, ultimately leading to reduced costs for the populace of Egypt.
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Egypt Sees Largest Historical Decline in Foreign Debt Value
Net foreign assets represent the assets of the Central Bank of Egypt and the country's commercial banks, held by non-residents, minus their liability.
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MSMEDA CEO urges graduates to embrace entrepreneurship
Basil Rahmi told students that the government is committed to supporting small businesses and creating jobs.
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Egypt plans to establish 31 dry ports, and logistic zones
El-Wazir invited American companies to capitalize on investment chances available in Egypt, especially in the fields of industry localization.
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Egypt to implement $750M two renewable energy projects by October
The projects, with a total investment of $700 million, are expected to significantly contribute to Egypt’s renewable energy goals.
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Egyptian furniture e-commerce marketplace expands to Saudi Arabia
Kemitt, Egypt’s leading e-commerce marketplace for furniture and home accessories, has expanded into the Saudi Arabian market.
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Egypt water projects receive 19% of concessional development financing
Around 19 percent of the concessional development financing allocated by international partners is directed toward water projects across Egypt.