News
-
Africa and Middle East Depositories Association looks to Egypt as HQ for MEA-centered data center
Highlighting Egypt's pivotal role as a central hub for AMEDA, Abdin emphasized the acquisition of essential licenses from the Egyptian Ministry.
-
Egypt to increase prices of bread, electricity and petroleum products
He pointed out that the subsidy bill next year will increase to LE 636 billion, an increase of 20 percent over the current year.
-
Volume of trade exchange bet. Egypt, Malaysia reaches $777M in 2023
The main commodities exchanged between the two countries included fresh oranges, natural calcium phosphate, and strawberries.
-
Egypt sees 30.8% YoY jump in newly established firms in Q1: IDSC
The report also showed that 82.32% of these new companies were set up in Cairo, Giza, Alexandria, Sharqiya, and Qalubiya.
-
Egypt denies payment delays on Zohr gas field
Egypt's oil ministry has denied reports that the Samsung Santorini drillship has left the gas field.
-
30.2% increase in foreign workers licensed in Egypt’s private, investment sectors in 2023
CAPMAS revealed that 7,973 foreigners were issued work permits for the first time in 2023, accounting for 45.9% of the total.
-
Egypt’s electric taxi service hits the roads in new capital
The ‘New Capital Cab’ project was initiated by Egypt’s Ministry of Transport and is owned by affiliated company Super Jet.
-
Egypt imports 750k ton of sugar to cover needs until February 2025
The Minister of Supply confirmed that there is a strategic balance for cooking oil that covers 6.2 months until November 28.
-
SCZONE aims to attract more Korean companies in targeted industrial sectors: Chairperson
During the meeting, Gamal El-Din engaged with representatives from various Korean companies, each specialising in different sectors.
-
SCZONE, Eroğlu sign $40M land usufruct deal for garments factory in Qantara zone
The President of Eroğlu Egypt revealed that once the factory is fully operational it will create more than 3,000 job opportunities.
-
Egypt considers importing wheat from 3 new markets
Talks with the three potential wheat exporters commenced in late 2023, the official said, expecting them to be among the 22 certified exporters.
-
GAFI discuss investment opportunities in tourism sector with Turkish companies
During the meeting, opportunities for cooperation and potential partnerships with the hotel sector were discussed to enhance modern hotel equipment.
-
Egyptian fashion enthusiasts create urban fashion runways
A group of four Egyptian male models has been holding pop-up photo shoots and catwalks on popular Cairo streets.
-
Egypt have to move bread prices but it will still largely be subsidized
Egypt have to move the prices of bread, an essential commodity that is heavily subsidised in one of the world's biggest wheat importers.
-
Volume of Rubex International Company's investments in Egypt record $12M
Additionally, Rubex exports approximately 20 percent of its production through 120 customers across 39 countries.
-
Egypt Issues Circular Concerning Imports of Tuk-tuks, Motorcycles for Commercial Use
The Ministry of Commerce explained earlier that this decision aims to replace tuk-tuks with a safe means of transportation.
-
Petroleum Minister: New expansions in refineries to increase production, link depots digitally
Mulla asserted the importance of Mostorod petroleum region which is one of the most important petroleum regions in Egypt.
-
Asset management firms looking to use AI-powered advisors require min. LE 15M capital
Asset management firms are required to have a minimum capital of LE 15 million to obtain a license to operate using robo-advisors.
-
Haier Egypt begins setting up industrial park's 2nd phase in June
The park's second phase encompasses the manufacturing of fridges and freezers, El-Gendi said.
-
Belgium Expresses Desire to Invest in Egypt's Electricity, Green Hydrogen Sectors
François Connet pointed to the Belgian government's desire to support and enhance cooperation with Egypt to achieve its goals and use hydrogen.