News
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Edita Frozen Food Industries enters food service sector with new bakery line
The products are designed to meet the standards of hotels, restaurants, cafés, and catering services, offering ready-to-bake solutions.
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Sisi, PM discuss incentives to empower private sector
The president said maintaining the improvement in macroeconomic indicators is also important to ensure the implementation of development programs.
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Egypt's SCZone attracts $15 mn garment project, to create 2,000 jobs
The project, covering an area of over 27,000 square metres, is expected to manufacture more than 12 million ready-to-wear garments annually.
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Ticket prices for the Bus Rapid Transit system in Egypt, starting from LE5
The Egyptian Transport Ministry announced ticket prices of the Bus Rapid Transit (BRT) system along the Ring Road.
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Egypt's fertiliser producers cut output as gas supplies slashed
The cuts come as Egypt faces growing gas supply challenges ahead of the peak summer season, with the government scrambling to secure additional gas.
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Sumitomo inaugurates one of the world's largest plants for automotive "electric braids"
The Egyptian Prime Minister, mustafa madbouly, inaugurated yesterday a new plant of the company SE Wiring Systems Egypt LLC.
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Egypt Opens Waters to Foreign-Flagged Charter Yachts in Major Policy Shift
Egypt has officially opened its territorial waters to foreign-flagged, commercially registered yachts for leisure cruising.
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GAC signs deal for localized vehicle assembly in Egypt
GAC Group has struck a deal to localize car assembly in Egypt, as Chinese carmakers target African markets.
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Russia becomes Egypt’s largest supplier of wheat and oil
The consignments covered wheat, cooking oils, broad beans, and soybeans.
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Sylndr raises $15.7m to digitise Egypt’s used-car sector
Sylndr operates a fully digital marketplace that connects car buyers and sellers with services such as vehicle financing and maintenance.
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Egypt mobile operators invest $2.7 bln in 5G rollout
Egypt’s four mobile network operators have invested $2.7 billion in 5G spectrum and licenses since 2019.
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Misr Phosphate Net Sales Reach EGP 7.9B in 2024
Abdel Azim noted that the company is carrying out numerous production and marketing operations to achieve its main targets.
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Japanese car parts giant Sumitomo opens new €22 mln plant in Egypt
Prime Minister Mostafa Madbouly inaugurated a €22 million factory for car wiring systems in 10th of Ramadan City.
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EU looks to give €4bn in aid to Egypt
The EU and Cairo in March 2024 signed a “strategic partnership” which included financial assistance of five billion euros.
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Arab Investments in Egypt Surge Fivefold to USD 41.5 Billion in 2024
The UAE accounted for the lion’s share at USD 38.9 billion, which is largely attributed to the Ras El Hekma megaproject.
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Egypt launches plan to develop submerged antiquities into underwater tourism destination
The prime minister emphasised that Egypt’s submerged heritage in Abu Qir Bay offers untapped potential to attract global attention and tourism.
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El-Sisi directs improving conditions for attracting more FDI
The meeting addressed macroeconomic indicators, the government’s efforts to enhance the banking sector's performance.
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NTRA launches new rules to regulate telemarketers and spam calls
The updates are part of broader efforts to protect the privacy of telecommunications users and to tackle persistent disturbances.
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Egypt is among world leaders in cybersecurity
Egypt improved its position in the Network Readiness Index, rising six points to rank 85th in 2024.
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Egypt’s Thndr raises $15.7 million
Thndr is a digital investment platform that allows its users to invest in stocks, bonds, and funds in the Middle East.