News
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EU financing package to catalyze €11 bln in FDIs into Egypt: Al-Mashat
Egypt's Minister of International Cooperation Rania Al-Mashat stated that the European Union’s €1.8 billion investment package to Egypt.
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Egypt’s consortium to import US shale gas, addressing natural gas shortage
Sidi Kerir is one of several major companies in the fertilisers and chemicals sector that had to halt production after suffering from gas shortage.
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Egypt to allow private sector to offer its goods on Mercantile Exchange
The EMX stopped offering and trading on three prominent strategic commodities (wheat, corn, and sugar) since the end of last year until now.
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Egypt external debt falls to 18-month low in Q1 2024
Egypt's external debt declined 4.4 percent (around $7.4 billion) reaching approximately $160.6 billion in the first quarter of 2024.
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TAQA Arabia, Voltalia Sign Renewable Energy-Green Hydrogen Framework Agreement
The project will be implemented in two identical phases, each comprising a 500 MW electrolyzer powered by more than 1.3 GW of solar and wind energy.
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ElAraby Group will develop a USD 500 mn industrial zone in Egypt
The complex will be developed in partnership with Japanese electronic company Sharp, Taiwanese textile company Richie and another unnamed company.
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Egyptian Drug Authority explains digital medicine leaflets project
The new digital medicine leaflets project will allow for trading pharmaceutical leaflets electronically, utilizing QR codes on packages.
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EU seal 3 agreements to support Egypt information, communications technology sector
Egypt and a group of European investors signed 3 agreements in the telecommunication and information sector on the second day of EU conference.
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Egypt looking to raise target for renewable energy to 58% by 2040
Shaker told an Egypt-EU investment conference that the government hoped to publish the new strategy in the next two to three months.
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CEOWORLD ranks Egypt amongst world’s best tourist destinations for 2024
An American magazine specializing in global tourism, CEOWORLD, revealed its latest global rankings of the best tourist destinations around the world.
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Egypt, Nissan Agree to Produce 100,000 Cars a Year
The agreement is part of efforts to boost the proportion of locally made auto components in cars assembled in Egypt with a view to exporting.
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EBRD, EU and GCF boost green and inclusive financing for Egyptian MSMEs
GEFF II loan to be accompanied by as much as €5.2 million in investment incentive grants from the European Union.
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Egypt sovereign fund expects relaunch of IPO program in October
Ayman Soliman, the CEO of The Sovereign Fund of Egypt (TSFE), has hinted at the relaunch of the country's Initial Public Offering (IPO) program.
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Egypt signs 4 agreements worth $33B to establish green ammonia projects in SCZone
Egypt has secured agreements worth $33 billion for 4 green ammonia projects during the 2nd day of the Egypt-EU Investment Conference.
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IMF Executive Board to discuss Egypt 3rd review under $8 bln EFF loan 10 July
Once approved by the Executive Board, the IMF will disburse $820 million as a third tranche of the loan to Egypt.
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ITIDA, Telecom Egypt, and Nokia collaborate to foster innovation in network automation
Led by top Egyptian engineering talent, the Center will focus on automating IP networks, advancing Artificial Intelligence (AI), and software.
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Egypt addresses energy shortages with ambitious construction of 10 Gigawatts of wind power in 2026
This ambitious project, which will be one of the largest in the world, is expected to generate a substantial 10 gigawatts of energy in 2032.
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Egyptian Emirates Company Launches Markabat Project
This initiative is part of Egypt’s urban and industrial development plans, with total investments reaching EGP 27bn.
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PM: EU is Egypt's first strategic partners for trade, investment
The Egypt-European Investment Conference has contributed to enhancing strategic partnership between Egypt and European Union (EU).
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Private sector contributes to Egypt’s GDP by 70%, hires 80% of workers
The first pillar focuses on bolstering productivity across critical sectors such as industry, agriculture, information technology, tourism, and logi