News
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Eni’s expansion plan to drill $160M gas wells in Egypt’s Zohr field in 2024
This significant increase in investment and the prospect of drilling new wells were discussed during the Eni delegation’s visit to Egypt.
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Egypt's inflation rate eases for fourth month running in June
June's fall extended the downward shift from a record 38% in September 2023 as authorities have shifted to an inflation targeting model.
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13,000 tons of goods handled at Red Sea Ports
About 13,000 tons of goods were handled at the different Red Sea harbors on Tuesday, the Red Sea Ports Authority (RSPA) said.
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Egypt targets $20 bln for private sector investments
Egypt targets executing $20 billion worth of investments by the private sector during the current FY2024/2025.
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Electricity Min Meeting Highlights Priorities for Egypt’s Electricity Sector
The purpose of the meeting was to underscore the significance of enhancing services provided to citizens and ensuring a consistent supply of power.
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Egypt Approves $200 Million in Energy Projects
The agreements included a draft commitment agreement to search for and exploit gas and crude oil in the North Port Fouad offshore area.
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Finance, investment ministers step down from Talaat Moustafa, Edita boards of directors
Misr Insurance Company, a member of TMG's board of directors, reported Kouchouk's resignation from representing the company.
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Get to know Egypt's 8 policies to diversify energy mix
The policies aim at achieving optimal exploitation of Egypt's natural resources of traditional energy in addition to renewable and clean energies.
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1st EgyptAir flight from Cairo to Zurich, Switzerland, launched
EgyptAir has launched its first flights from Cairo International Airport to Zurich Airport in Switzerland, as part of its expansion operations.
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Fitch Solutions expects CBE to keep interest rates on hold till end of 2024
BMI, a Fitch Solutions company, expected the Central Bank of Egypt (CBE) to keep its monetary tightening policy on hold.
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EU Companies Bet Big On Egypt’s Future
Can a new wave of FDI help Egypt to diversify and modernize its economy?
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Egyptian Drug Authority launches service for inquires on drug availability
It provides information about the drug that the patient is searching for, and then the relevant department of the EDA responds to the person.
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Egyptian, Emirati companies sign $500 mln real estate deal in Egypt
The investment eased a critical foreign currency shortage from an economic crisis that also caused sharp devaluations of Egypt's currency.
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Egyptian Exchange launches online platform for discussions, recommendations
The Egyptian Exchange (EGX) announced on Tuesday the launch of the “stock exchange dialogue” platform on its online portal.
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Puma Eyes Manufacturing Expansion in Egypt
Puma, the global sportswear giant, is exploring opportunities to manufacture its products in Egypt.
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Egypt plans to increase exports, attract 30 million tourists
The government aims to increase the growth rate of exports by more than 15 percent annually.
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PM establishes ministerial groups for human, industrial development
This group is tasked with strategizing and implementing national initiatives across health, education, culture, sports, and religious discourse.
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National Museum of Egyptian Civilization to launch audio guide
The CEO of the Museum Authority Ahmed Ghoneim said that this service will be available inside the Royal Mummies Hall throughout the week.
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Egypt plans to raise outsourcing exports to $9 bln by 2026
Egypt plans to expand outsourcing service exports to $9 billion by 2026, the cabinet said in a statement on Tuesday.
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Military production, environment ministers discuss cooperation in waste
The meeting took place at the General Office of the Ministry of Military Production in the government district of the New Administrative Capital.