News
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Here are the dates for the Labor Day and Sham el-Nessim holidays
Prime Minister Mostafa Madbouly announced on Tuesday, that Sunday, May 5, will be an official holiday for Labor Day, instead of Wednesday, May 1.
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The World Health Organization, cooperates with the Food Bank to launch the “Partnership for Healthy Cities” initiative
This week on Monday, witnessed the launch of the ‘Partnership for Healthy Cities' initiative in a selection of government primary schools in Cairo Gov
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10 Egyptan startups win VMS Bridge Programme awards
The programme aims to provide opportunities for growth and expansion locally, regionally, and internationally connecting ecosystems in Egypt and KSA.
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Egypt, Italy to establish AI hub in Cairo to serve Africa
According to Egypt’s MCIT, the AI center will focus on supporting AI development and application throughout Africa.
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Tunisia's COFICAB Company to boost Egypt’s exports, targeting $200M in exports by 2027
The company's products already boast a significant local component percentage of approximately 55 percent at the initial production stage.
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Egypt’s bluworks closes $1 million pre-Seed
bluworks, an Egypt-based startup developing blue-collar HRTech SaaS solutions, has raised a $1 million pre-Seed investment round.
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Egypt’s total budget deficit to widen to 7.2% of GDP in FY24/25
The country’s GDP for FY2024/2025, which begins in July, is estimated to be EGP 17 trillion.
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Egypt to increase industrial output by 20%: Trade Minister
This ambitious strategy is expected to create 7 to 8 million job opportunities during the specified period.
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Bridging the Gender Gap in Egypt's Green Energy Sector
UNDP is setting an ambitious plan by putting gender equality at the centre of economies by ensuring more women in leadership.
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Here are Egypt’s summer opening hours for shops, cafes and restaurants
The Ministry of Local Development has set the working hours for restaurants, cafes and bazaars to operate daily from seven in the morning until 11pm.
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Egypt, Italy discuss cooperation in field of renewable energy, green transition
Egypt and Italy have long historic relations, Shaker said, adding that Italy now is one of the most important commercial partners to Egypt.
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Egypt’s Tobacco Pioneer, The Eastern Company, Sees Skyrocketing Revenues
The Eastern Company's revenues surged by 54 percent in the second quarter of the fiscal year 2023/2024.
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Shell and partners begin drilling three new offshore wells west of the Nile Delta
Shell and its partners developed the West Delta Deep Marine area in 300 phases.
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Health Ministry, EGAAD cooperate in medical tourism field in Egypt
The protocol also covers sending medical staff to work at the hospitals affiliated with EGAAD in Africa as well as training the medical staff there.
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Egypt-Based Fintech Waffarha Raises Seven-Figure Seed Round
With this funding, Waffarha aims to bolster its technological infrastructure, expand its team and broaden its reach into KSA.
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World Gold Council confident in Egyptian gold market as a significant regional market
Highlighting exceptional quality and esteemed reputation of Egyptian gold artifacts, Naylor stressed on increasing efforts to boost Egyptian market.
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Egypt participates in launching financing platform between 10 international banks
The joint financing forum will provide a space for participants to discuss joint financing opportunities, the best practices, and common issues.
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Egypt Eyes 800 Billion EGP Investments in 2024 Economic Plan
Speaking at a press conference, El-Said detailed Egypt’s ambitious target of $1.5 billion from its public offering program by the end of 2024.
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Egypt to launch invitation to tender for development of desalination plants
Egypt’s water desalination program entails the launch of several plants possessing a total capacity of 8.85 million m3/day by 2050.
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The IMF Outlines Four Primary Goals for Egypt’s Economic Stability
Egypt’s economy has been struggling for years with inflation. In January 2022, one USD cost EGP 15.7, and one year later, it cost EGP 29.8.