News
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Beltone, Citadel to launch $30 mln fund for early-stage startups
The partnership aims to establish and manage a $30 million fund dedicated to supporting the growth of fast-growing startups.
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Egypt establishes special free zone for modern boats
This zone aims to engage in manufacturing and maintenance of yachts and maritime units, subject to obtaining all necessary licenses and approvals.
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Egypt signs 14 cooperation agreements with China
The General Authority for Suez Canal Economic Zone (SCZone) has signed 14 agreements with industrial developers from China.
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Saudi: Red Sea awards Egypt firm Amaala Triple Bay hotel additional contract
These include the Four Seasons Hotel, Rosewood Residence and Hotel, Six Senses Residence and Hotel, and a medical wellness resort also in Triple Bay.
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Egypt considers offers for large investments in Sharm El-Sheikh’s Ras Gemila: Spokesperson for Egyptian Cabinet
The Egyptian government revealed on Thursday the truth about the investment offers in the “Ras Gemila” area located in the tourist city of Sharm.
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Egypt exports potatoes to Morocco and fresh strawberries to Canada
Industry specialists from EastFruit posit that these nascent markets pose considerable challenges due to their unique market dynamics.
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Egypt’s PM inspects ‘Pyramids’ factory for tires, rubber products
Egyptian Prime Minister Mostafa Madbouly made an inspection tour of various development projects in Port Said and Damietta governorates.
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Egypt successfully produces Unmanned Surface Vehicle with combat capabilities: Report
Established in 2018 as a private Egyptian joint stock company, Amstone is owned by Egyptian investors and shareholders.
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Egypt’s debt to GDP ratio projected to decelerate to 82.6% in 2025: IMF
Egypt’s overall debt to GDP is expected to decline to 82.6 percent of GDP in 2025, from over 90 percent in 2024, and will continue to shrink.
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Egypt’s Marsa Matrouh project: A gateway to economic growth and african integration
The recent MOU for the creation of a Turkish logistic industrial zone in Marsa Matrouh is a significant leap in economic development.
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Tourism Minister mandates green certification for Red Sea hospitality, diving establishments
A similar mandate was successfully implemented in Sharm El-Sheikh in 2022, as the city was prepping for COP27.
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Egypt to construct tourist walkway between Grand Museum and Pyramids
Egypt has approved a plan to construct a tourist walkway connecting the Grand Egyptian Museum (GEM) and the Pyramids of Giza.
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Egypt aims for private sector to constitute over 70% of its economy
The Egyptian government is committed to empowering the private sector to take the lead in driving economic growth and capturing a significant share.
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Egypt’s finance minister says cutting inflation is priority
Maait also said the government aimed to sell more state assets, which would reduce the state’s role in the economy.
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Egypt’s external debt to remain high in FY23/24 due to EGP depreciation
Egypt’s external debt is projected to rise during the current FY2023/2024 due to the depreciation in the exchange rate, Era Dabla-Norris.
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Flour cost reduction fails to lower bread prices in Egypt
Several bakers in Cairo are not following the government's warning, and are instead basing their prices on the market, setting up a potential showdown
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Egyptian gold investment funds witness about 103K investors
The combined number of people who invested in two gold investment funds has reached approximately 103,000 by the end of March 2024.
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No changes to Egypt’s load-shedding plan: Official
Load-shedding before Ramadan extended for two hours in each area from between 11 am to five pm, and it will be returned in the same order.
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Abu Qir Fertilizers Joins Green Hydrogen Revolution In Egypt
A Memorandum of Understanding (MoU) was signed between Abu Qir Fertilizers Company, ABB International Group, MPS Infrastructure Company, and Petrojet.
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Investments in Egypt on a roll
The Ain Sokhna float plant in Egypt will see its capacity increased with the construction of a second flat glass production line.