News
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Egyptian manuscript sold at Christie’s auction for £1.25 Million
This Egyptian manuscript contains the oldest surviving evidence of the Gospel in the Aramaic dialect, the closest language spoken by Christ.
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Thousands of tourists face unprecedented crisis in Egypt
The German travel and tourism group FTI’s bankruptcy has thrown the itineraries and payments of 11,000 tourists in Egypt into disarray.
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Egypt’s economy to grow to 4.2 percent in 2024
The World Bank attributes Egypt’s economic expansion in 2024 to several factors including the rise in investments, particularly in the Ras El Hekma.
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Egypt secures $10.04B foreign direct investments in FY2023/2024
This represents a growth rate of 12.3 percent compared to the FY 2022/2023.
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Egypt turns to space agency to help tackle water scarcity
National authorities are hoping to put advanced technology to work to help avert a crisis.
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Egyptian Women’s Museum being established inside NMEC
This comes in implementation of directives of President Abdel Fattah al-Sisi during the celebration honoring Egyptian women in March.
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Egypt Forms Corporation To Manufacture One Million Tons of Phosphate Annually
The initiative aligns with the government’s objective of maximizing local benefits from the mining sector.
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Sisi highlights South-South partnerships to New Development Bank president
The meeting in Cairo reviewed the path of relations between Egypt and NDB, which is the economic arm of the BRICS group.
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Egypt reports $17.23 billion primary budget surplus
This represents a significant increase compared to the previous fiscal year, when the surplus was only $2.43 billion.
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Trade exchange between Egypt, Arab states hit $26B in 2023
The top importers are Saudi Arabia with $2.7 billion; the UAE with $2.2 billion; Libya with $1.8 billion; Sudan with $984.4 million; and, Algeria.
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EGX’s long-awaited shariah-compliant index to go live today -report
EGX head Ahmed El Sheikh said last month that the bourse has put together a committee to launch the index this quarter with 30 to 50 listed companies.
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Xpeng makes debut in Egypt marking another milestone in global expansion
Raya Auto, a subsidiary of Raya Holding, has been appointed as Xpeng’s exclusive distributor and partner in Egypt.
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Egypt’s Top 50 Listed Companies 2024
The top 50 listed companies in the annual list saw their sales in USD shrink by almost 20% to $26.4 billion in 2023 compared to 2022.
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Eid al-Adha holiday to be from June 15-20 in Egypt
The decision stipulated that examinations would continue according to the dates set by the competent authority.
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Egypt important to the global economy: BRICS' Dev. Bank
Egypt, with its geographical location, acts as a gateway between Asia and Africa and is a crucial corridor for global trade.
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Egypt seeks to replace Tuk-tuk with ‘Bajaj Qute’ taxi
The Helwan Machinery and Equipment Company signed with the ITAMCO Company to manufacture a light auto-taxi to replace the Tuk-tuk.
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Egypt’s Sahl closes dual rounds at $6 million
Sahl's strategic vision is to become the dominant player in facilitating digital payment transactions within Egypt's booming EGP 2.5 trillion sector.
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Egypt to receive rehabilitated Tahrir Complex building in 2024
The repurposing project of the iconic Tahrir Complex building (or Mogamma El-Tahrir) in Down Town is anticipated to conclude in 2024 after 31 months.
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Egypt seeks soft loan worth $1B from NDB by end of 2024
The funds obtained will be used to support mutually agreed-upon projects, and disbursement may occur in either dollars or alternative currencies.
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EGP 5 bln disbursed for 360 exporters
360 export companies have received their overdue receivables under the seventh phase of the Immediate Cash Payment initiative.