News
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Luxor governorate to provides horse manure bags to carriage owners
Preparations are in place to support carriage owners with 500 horse manure bags to protect the city’s streets from waste.
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Egypt's economy to grow by 4.0% in 2024/25, analysts predict
Egyptian economic growth will be slightly slower this year than thought in April following a $8 billion agreement with IMF.
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Egypt has the potential to transform into commercial, production hub: UAE ambassado
UAE Ambassador to Egypt Mariam Khalifa AlKaabi said Egypt has the potential to transform into a commercial and production hub to cover EU and Africa.
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Egypt's Banknbox join forces with CSC Jordan to drive financial inclusion
Egypt-based fintech Banknbox has partnered with CSC Jordan to drive financial inclusion and offer joint advanced services to customers.
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Egyptian-Indian Business Council to bolster Indian investment in Egypt by $5B
Minister of Investment and Foreign Trade, Hassan El-Khatib, held a meeting with the members of the council where they discussed various matters.
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EasyJet promotes Egyptian tourism in London through unique campaign
British airline company EasyJet, one of the largest tourism companies in the world, has launched a unique campaign to promote tourist trips in Egypt.
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Power plants’ consumption records all-time high
The Ministry of Petroleum and Mineral Resources stated Monday that power plants' consumption of natural gas and fuel in Egypt reached an all-time high
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US’ Lionsbridge eyes establishing $3bln phosphoric acid factory in Egypt
First phase targeting a production capacity of 350,000 tons of phosphoric acid annually.
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Egypt summer sale season kicks off in August
The Minister of Supply and Internal Trade Sherif Farouk issued a ministerial decree on Sunday to start the summer clearance season on 5 August.
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Egypt to increase subsidized fertilizer prices by up to 30%
The objective behind this decision is to mitigate the significant surge in production costs experienced recently.
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Financial Regulatory approves capital increase for Memphis Pharmaceutical
Memphis is one of the oldest pharmaceutical and chemical companies in the Middle East and has been in the market since 1940.
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Egypt explores ways of enhancing Apache's activities in energy field
They discussed plans for expanding the company's business within Egypt, building upon the successful collaboration between Egypt and Apache.
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ITIDA, DXC Technology collaborate to boost competitiveness of Egyptian software
This collaboration aligns with ITIDA’s strategy to boost the competitiveness of the Egyptian software industry and increase its exports.
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Egypt Says it Cut Foreign Debt by $14 Bln in 5 Months to May
The country's external debt fell to $154 billion as of the end of May from $168 billion at the end of December.
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Saudi Arabia, Egypt to boost energy cooperation after high-level meeting
This comes as Saudi Arabia and Egypt deepen their energy cooperation, with Egypt signing a $4 billion deal with Saudi Arabia’s ACWA Power in December.
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National telecom regulator reveals new telemarketing registry and alert service
The NTRA will launch an anti-spam alert service and require telemarketers to register these numbers in a special database as commercial numbers.
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CBE approves launch of Egypt’s first digital bank
Onebank will provide customers with fully digitalised banking services, with 24/7 online availability.
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Egypt ranks high in Arab world’s AI Readiness
Egypt ranked second in Africa and seventh in the Arab world in terms of its government’s readiness to implement artificial intelligence (AI).
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Egypt’s natural gas production at lowest level in 6 years
Egypt's natural gas production fell to its lowest level since February 2018, according to data from the Joint Organizations Data Initiative (JODI).
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Goldman Sachs forecasts for Egypt
The report suggests that in September, the CBE will reduce interest rates by 1 percent, followed by a further decrease of 2 percent in Q4 2024.