News
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PM inspects Azbakeya Historical Garden regeneration project in Old Cairo
Occupying an area of 9.8 feddans, the project aims to restore the garden’s heritage elements by safeguarding its ancient trees and Al-Tabba Area.
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Egypt’s exports to international blocs reach $42bn in 2023: CAPMAS
Among these blocs, Egypt’s exports to the Arab Free Trade Area stood at $13.3bn in 2023 (up from $12.2bn in 2022, a 9.4% increase).
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Volkswagen chooses Egypt over Nigeria for auto assembly plant
The agreement between Volkswagen and Egypt underscored the commitment of the government to bolster its automotive industry.
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Egypt’s shipping, logistics market size reaches $14.6bn in 2024
Egypt’s shipping and logistics market is estimated to be $14.56bn in 2024, with an expected growth to $18bn by 2029.
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Bringing down prices: Government and Central Bank prioritize inflation relief
Al-Homsani explained that the meeting focused on discussing the collaborative efforts between the government and the Central Bank.
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Housing, transport, industry, electricity, supply are atop ministers’ agenda
The industry ministry’s external trade portfolio to that of investment, also bringing in new blood to the ministries of housing and supply.
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Egypt's non-oil sector edges closer to growth in June
"Egyptian non-oil companies saw an increase in sales volumes in June for the first time since August 2021," S&P Global said.
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Egypt's construction industry to expand 8% annually until 2029
Egypt holds 12%, or $515 billion, of the MENA's unawarded project pipeline, which is expected to hit $3.90 trillion.
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Manufacturing and extractive industries production index falls to 95.54
Egypt’s furniture industry production index rose by 9.27 percent to an initial recording of 147.08 in April, according to CAPMAS data.
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Egypt sovereign fund inks deal with Al-Ahly Cira to establish four universities
El-Said highlighted the social and economic development plan set under the current FY2024/2025, which started on 1 July.
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Banks’ Finance Portfolios for MSMEs Grow 362% in 6 Years
CBE added the growth rates of financial inclusion for youth (age group from 16 to 35 years) reached about 48.5% during the period from 2020 to 2023.
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Luxor: A Modern City with Ancient Names
Positioned on both banks of the Nile, Luxor was the official capital of ancient Egypt during the Middle and New Kingdoms.
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Curtains Rise for Cairo Opera House’s Summer Festival on July 18th
The Summer Festival will run until August 10th, and will include concerts in Cairo, Alexandria and Damanhour.
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Price of Egyptian garlic has tripled, yet remains cheaper than the competition
Ralph says: "The harvest ended in April and we are currently shipping dry garlic. It looks like we will stop very soon, there is very little supply."
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Hilarious misconceptions westerners have about Egypt
We dive into the most absurd and downright comical things Westerners have said about the land of the Nile.
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Egypt renews ban on exporting sugar for 3 months
The Ministry of Supply and Internal Trade on Monday opted to renew the ban on exporting local sugar abroad for a period of 3 months, starting July 1.
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Egypt Bans YouTube for One Month
On Saturday, the court ruled the regulators must block the website over the denigrative video, a lawyer who filed the case told Reuters.
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Egypt swears in its new government – here’s what you need to know
The new government of Prime Minister Mostafa Madbouly has now begun taking the constitutional oath in front of President Abdel Fattah al-Sisi.
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Egypt Receives First of 21 LNG Shipments
By the third week of July, things will be in order and the national gas network’s stock will be sufficient, Abdel Aziz noted.
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EdVentures invests $400,000 in Egypt’s El Kheta
Founded in 2019 by Mohamed Mahmoud, El Kheta platform allows students to tailor their preferred curricula and create a study plan for them.