News
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Tanker stranded in Gulf of Aqaba moved to Egyptian port, sources say
A gas tanker that was stranded in the Gulf of Aqaba has been successfully moved away to a port in Egypt's Sinai Peninsula.
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Egypt’s strawberry boom in Kazakhstan: exports up 100 times since 2018/19
Egypt made a remarkable entry into the ranks of major suppliers of fresh strawberries to Kazakhstan, securing the third spot.
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Egypt’s foreign reserves jump to $40.36 billion in March
This reflects a growth of approximately 14.4 percent compared to the previous month’s figure of $35.31 billion.
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EU pledges Egypt €1 billion in financial aid
The 1 billion euros in short-term aid is part of a bigger package worth 5 billion euros in loans, the statement said
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Seven integrated logistics corridors to be established across Egypt
The move comes as part of State's Sustainable Development Plan 2030 to turn Egypt into a regional hub for transport and logistics.
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Egypt keen on providing expats with investment opportunities at home
The Ministry of Emigration launched a campaign to clarify the importance of promoting the role of the Egyptian state and efforts to boost investmets.
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Egypt released $8 bln in imported goods since March: Finance minister
Minister of Finance Mohamed Maait said Egypt released imported goods worth $ 8 billion between March and April 2024.
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Egypt's MoMP nearing TOT agreements with Thales Group?
The Egyptian Minister of State for Military Production Mohammad Salah El-Din met with representatives from Thales Group on 6/4/2024.
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Everything you need to know about the new 85% CD from ABK-Egypt
The Al Ahli Bank of Kuwait – Egypt on Tuesday announced the launch of a three-year certificate of deposit with an interest rate of 85 percent.
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Egypt to import more soybeans
Egypt is the largest importer of soybeans in the Middle East and North Africa, producing only an estimated 85,000 tonnes, or less than 3% of demand.
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Egypt consults with the EU to finance the electricity connection with Greece and Italy
The goal is to connect the Egyptian electricity grid to the European one and provide clean energy to Europe.
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Egyptian tobacco distributors can hike prices by up to 12%
Tobacco distributor Al Mansour International Distribution Company, Philip Morris, and Eastern Company all hiked their prices earlier this year.
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Health ministry issues over 300,000 treatment decisions at state expense in Ramadan
The project happened in all governorates of the republic, at a total cost of more than LE1.7 billion during the holy month of Ramadan.
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Egypt’s MoMP and Rheinmetall Forge Cooperation: Skyranger acquisition and TOT
MoMP is said to be in talks with the German defense company Rheinmetall for the acquisition of the Skyranger mobile air defense system.
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In Egypt’s ‘Little Syria,’ a golden age dims
Egypt is home to 1.5 million Syrians, thousands of whom have opened successful businesses in the country.
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'Samsimiya' file to be assessed by UNESCO in June
Egypt submitted the "Al-Samsimiya" file to UNESCO for inclusion in the list of intangible heritage in March 2023.
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World Bank Expects Africa's Economies to Grow by 3.4% in 2024
The report expects growth to rebound in 2024, rising from a low of 2.6% in 2023 to 3.4% in 2024, and 3.8% in 2025.
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Kaolin's reserves in Egypt reach 200 mln tons
Kaolin, or China Clay, as it is commonly called, is a type of fine, white, soft rock; its reserves in Egypt reach about 200 million tons.
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Rixos Premium Alamein opens in Egypt
The luxurious property features six towers housing 469 residences and 732 rooms and suites.
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Shell starts drilling final exploration well in Egypt campaign
Shell has spudded the final exploration probe offshore Egypt of its multi-well drilling campaign in the Nile Delta play which began in September.