News
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Improving Egypt’s business climate to revive private sector growth
Weak productivity in Egypt is rooted in deep-seated structural causes that impede market competition and prevent a more efficient resource allocation.
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Egypt inaugurates direct flights to Djibouti, Mogadishu
Abdel-Aty will hold a discussion session with Djibouti’s counterpart Mahmoud Ali Yusuf about enhancing bilateral relations.
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Egypt aims to invest $1.2 bln in drilling 110 gas and oil wells in FY 2024/2025
Egypt plans to invest $1.2 billion to drill 110 exploratory gas and oil wells during the current FY2024/2025.
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Egypt, China ink 3 MoUs to strengthen economic bilateral ties
Egypt has signed three memorandums of understanding (MoUs) with the Chinese National Development and Reform Commission (NDRC).
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EU to disburse €1 bln of its financing package to Egypt next fall
The European Union (EU) is likely to disburse the first tranche of its 7.4 billion euros financing package to Egypt, worth one billion euros.
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Egypt coop. with Japan to establish project of water-from-air production
The Minister emphasized that one of the Ministry’s primary goals is to forge partnerships with both local and foreign investors.
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Egypt’s new committee aims to raise up to LE25 billion annually from state asset divestment
The government had divested state-owned assets worth about $5.6 billion two years ago.
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German Group Agrees to Buy Hydrogen From Egypt as of 2027
A German government-backed foundation has agreed to import green ammonia from Egypt in the coming years.
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51 Egyptian universities chosen among best international universities
The ranking results showed that Mansoura University topped the list of Egyptian universities included in the ranking.
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Egypt's IMF loan payout delayed by final details amid difficult environment
The board approval for the third review of Egypt's expanded $8 billion loan program was originally expected on July 10.
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Kenyan delegation visits SCZone to learn from Egyptian expertise
The visit, facilitated by the Japan International Cooperation Agency (JICA), is part of a program to support economic zones in East Africa.
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Value of Egyptian agri exports increases by $600 mln YoY
Citrus fruits were the leading export commodity, with shipments exceeding two million tons.
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MSMEDA seeks to find export opportunities in Arab, African markets
Rahmi highlights the Authority’s ongoing efforts to involve clients in various exhibitions, both locally and internationally.
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UAE developer to build $500M project in Egypt
Egypt in February signed a deal with the UAE’s ADQ to build the “largest new city” in Egypt to promote tourism and drive economic growth.
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ADIB-Egypt increases card usage limits, reduces foreign currency transaction fees
The cash withdrawal limit for international transactions remains at $50 for most cards.
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Egypt & KSA Top Global Rankings for Average Daily Video Game Playtime
Advancements in technology and increased Arabic-language content are driving the growing gaming landscape in the MENA region.
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Dine by the Sea: 4 Top Beach Restaurants in North Coast
Enjoying delicious food with your toes in the sand and the waves as your backdrop is the perfect way to unwind and make the most of your summer days.
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Egypt Confronts Massive Crop Losses to Fall Armyworm Invasion
The FAW, a moth species native to the Americas, is a formidable agricultural menace worldwide.
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Egypt to inaugurate Great Transfiguration project in October
The project was developed in accordance with UNESCO standards, as the area is registered as a world heritage site since 2002.
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Egypt agricultural exports jump to $2.9 bln in 1H 2024
Egypt’s agricultural exports jumped to $2.9 billion in the first half (1H) of 2024, a growth of $600 million compared to the same period 2023.