News
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CMA CGM launches EMED 1 service connecting Turkey, Egypt and Lebanon
The service will be one vessel with a capacity of 1,100 teu and start from Antalya on July 10 before heading to Alexandria and Beirut.
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Egypt's sovereign sub-fund for education to establish an investment company
El-Said emphasized that this year, 42 percent of government investments will be allocated to the education and health sectors.
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NBE, Banque Misr, CIB raise credit cards’ limits for int’l purchases inside, outside Egypt
Some state-owned and private banks in Egypt raised on Tuesday the limits of credit cards when being used abroad.
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Japan's SARAYA to inaugurate 3 factories in Egypt
The first phase, which began pilot operation in 2023 and will be officially inaugurated today, Tuesday, stretches on 8,000 square meters.
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Egypt Extends Power Outage Hours on Sunday, Monday
This is as a result of the extremely high heat wave, and thus the increase in energy-generating gas consumption.
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Sisi Approves Seventh Amendment to Basic Education Assistance Agreement
President Abdel Fattah al-Sisi issued a presidential decree approving the seventh amendment to Basic Education Assistance Agreement.
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ADES, SUCO Seal Jack-Up Drilling Contract in Egypt
ADES Holding Company has announced the official signing of a Jack-Up Drilling Contract with Egypt’s Suez Oil Company (SUCO).
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PM follows up on recent developments of price reduction initiative
Madbouly emphasized that these efforts have contributed to a decline in inflation rates.
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Egypt mobilises $2 bln in budget support from IFIs and partners
Egypt has mobilised $2 billion in financings over the past few months, following negotiations with International Financial Institutions (IFIs).
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Shanghai Museum in China hosts exhibition of Egyptian antiquities
It includes a huge statue of Akhenaten and a coffin from the archaeological site of Saqqara, which is the first to be unveiled at Shanghai Museum.
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Egypt’s Energy Challenges and Their Political Implications for the War in Gaza
The mobilization of the Houthis in Yemen to help Hamas led to a drastic decrease in the traffic of ships through the Suez Canal.
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940 French firms operate in Egypt with investments worth $7.2B
The prime minister reiterated Egypt's keenness on partnering up with French investors to localize the locomotive and automotive industries.
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Foreign exchange stability in Egypt hinges on continued US dollar inflows into the market
The Egyptian pound's performance against the US dollar has fluctuated since the last depreciation of the local currency by the Central Bank of Egypt.
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Sisi, von der Leyen to open Egypt-EU Investment Conference in Cairo
The conference will take place at Al Manara International Conference Center in Cairo on June 29-30.
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Finance Ministry submits draft to Cabinet for tax dispute settlement law renewal
In addition, Maait added that over 17,000 tax disputes were settled, with a total agreed-upon tax exceeding EGP 15.485 billion.
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Value of Egypt’s electronic payments, collections services reaches LE 2.5tn in 11 months
The electronic payment service for workers' salaries in the country saw a growth rate of 24 percent, amounting to LE 299.4 billion.
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What did CBE do to reduce and stabilise prices?
CBE impact on market stability, price reduction, and inflation control is evident through several measures adopted in coordination with state agencies
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Central Agency for Reconstruction develops Fustat Hills Park in Cairo
This ambitious project is adjacent to the National Museum of Egyptian Civilization, Ain El-Sira Lake, Religious Complex, and Amr Ibn Al-As Mosque.
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Egypt's foreign direct investment to surpass $40B by 2024
Heiba emphasized the government's commitment to increasing the issuance of golden licenses to investors in the near future.
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Youth & Sports Ministry participates in10th Int’l Yoga Day
The Youth and Sports Ministry participated in celebrations held by the Embassy of India in Cairo to mark the 10th International Yoga Day 2024.