News
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Centamin CEO Projects 5 Million Ounces of Gold Extraction in Egypt Over Next Decade
Egypt is competing with several countries to attract investments to its mining sector due to its political and security stability.
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EBRD provides US $130 million loan to Coca-Cola HBC in Egypt
In Egypt, 26.5 per cent of youth are unemployed and many employed individuals tend to work in jobs that lack job security and stability.
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Telecom Egypt partners with Nokia for 5G services in major cities
Nokia will deploy 5G radio access network (RAN) equipment from its industry-leading AirScale portfolio in Egypt.
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Egypt seeks to overcome all obstacles to electrical interconnection with KSA
The project aims to exploit the difference in the time of peak load between the two countries.
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Egypt PM Madbouly forms new cabinet economic cluster
Prime Minister Mostafa Madbouly issued on Sunday a decree to establish and define the roles of the new cabinet’s economic cluster.
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Egypt’s cigarette prices rise once again
Prices rose by about 22 piasters for 11 brands. This is the third increase that the company has enforced this year.
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Egypt set to launch eSIMs in next 2 months
Compared to physical SIM cards, eSIMs allow users to switch between mobile operators directly through their phone’s settings.
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Pharmaceutical market in Egypt: Severe shortage vs price spikes
These increases are expected to continue because some companies are halting production until the prices of medics are adjusted.
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Egypt, Saudi Arabia forge stronger energy ties with major electrical interconnection
The project aims to establish a maximum capacity of 3,000 megawatts, which is expected to be achieved by early 2026.
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Industrial development is top priority on cabinet agenda
With the new cabinet industrial development cluster that industrial development is atop Egypt’s agenda in the coming period.
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Gold Prices Increase, 21-Karat at EGP 3250
Gold prices witnessed an increase by EGP 5 in the local markets during today’s trading, as a gram of 21 karat gold recorded EGP 3250.
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Volume of trade exchange bet. Egypt, Serbia records $120.4M in 2023
The value of Egypt’s exports to Serbia recorded $30 million in 2023, compared to $10.8 million in 2022, an increase of 177 percent.
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Egyptian-French agreement to establish Thales & Benha for Electronic Industries
Benha Electronic Industries Company (Military Factory 144) has signed a cooperation agreement with French company Thales.
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Prime Minister assures work is underway to stop Egypt’s load shedding for the summer
Madbouly explained that by the end of next week, the requested reserves will have already been completed.
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Egypt first investment destination in Africa for 2nd year
The economic zone of Suez Canal alone clinched deals worth 10.8 billion dollars in the green ammonia and hydrogen domains.
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Forbes Middle East Reveals The Top Listed Companies In Egypt
The list, derived from the Egyptian Exchange, ranked firms based on their sales, assets, and profits for the financial year of 2023.
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Egyptian exporters to receive EGP 3 bln of their arrears
The Ministry of Finance will cash approximately EGP 3 billion on Thursday 18 July as part of the government's support to exporters.
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UAE-Based Mobility Platform Hala Expands Into Egypt
The partnership will focus on exploring opportunities in Egypt's New Administrative Capital and other key cities.
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Sharm el-Sheikh receives its first Air Cairo direct flight from Madrid
Air Cairo’s direct flights between the cities of Madrid and Sharm el-Sheikh are scheduled to continue until October with a weekly flight.
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Egypt-Serbia free trade agreement to multiply bilateral trade
Prime Minister Mostafa Madbouly said on Sunday that the newly signed free trade agreement between Egypt and Serbia will multiply the trade.