News
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Egypt banks to close for six days for Eid Al-Fitr
The Central Bank of Egypt (CBE) has announced that banks operating in Egypt will be closed from Tuesday 9 April to Sunday 14 April to celebrate Eid.
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Egypt resumes onion exports as there is a surplus in the national crop reserves
The Ministry of Industry has announced the lifting of the export ban on onions, following the accumulation of a sufficient surplus.
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Waldorf Astoria Cairo Heliopolis adds luxury to Egypt's ancient history
The five-star hotel group launched its first African property in Heliopolis last summer, with the property officially opening its doors in February.
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Canon and Kidzania Cairo join hands to empower Egyptian youth with immersive learning environment
The collaboration with KidZania Cairo, which allows kids to roleplay various professions, will introduce children to the world of photography.
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EU monthly oranges imports: Egypt is largest contributor with 70,604 tons in March
2023-2024 cumulated fresh orange imports into the EU came in at 355,000 tons this March.
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Egypt to import 250,000 tons of raw sugar
The Ministry of Supply and Internal Trade said it signed an agreement on Thursday to import 250,000 tons of raw sugar.
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Egypt’s Forbes International Tower wins ‘best commercial skyscraper in Africa’ award
IDSC said that the Forbes International Tower faced intense competition against five major international projects spanning four continents.
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EBRD, Hassan Allam, Meridiam team up for developing renewable energy projects in Egypt
The project is a key part of the 10 GW renewables programme under Egypt’s EBRD-led energy pillar of the Nexus on Water, Food, and Energy.
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Egypt central bank launches new initiative for supporting FinTech-enabled woman entrepreneurs
It provides women entrepreneurs with intensive training sessions and workshops on different fields, directing them to adopt innovative FinTech.
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Rixos Group plans to turn historic Montaza Palace in Alexandria into luxurious hotel
The Montaza Palace was built in 1892 by Khedive Abbas II, which he used for hunting purposes.
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Egypt to host first-ever DSC MENA 24 AI conference in April
Egypt hosts the Data Science and Artificial Intelligence Conference (DSC MENA 24) for the first time in the Middle East and North Africa in April.
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Egypt’s unemployment falls from 13 percent to 6.9 percent in 10 years
There are 28,298 irregular workers now working in New Alamein City, and 65,261 workers in the New Administrative Capital, the ministry said.
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Number of international tourists to Egypt rises by 4% in Q1 of 2024
In 2023, the figure of international tourists to Egypt jumped by 27.4 percent hitting 14.9 million, which is the highest in the country's history.
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Book from Egypt, among oldest in existence, expected to fetch $2.6 million at auction
A book from Egypt that was written at the dawn of Christianity and is considered one of the oldest books in existence to be auctioned in June.
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Egypt now host to tallest flagpole in the world at New Administrative Capital
President Sisi took the new term's constitutional oath before the House of Representatives at its new headquarters in the New Administrative Capital.
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Egypt's NIRs reach $40 bln in March - the highest since February 2022
Egypt’s Net International Reserves reached $40.36 billion at the end of March 2024, the highest since February 2022.
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Daylight saving time to start in Egypt on Friday, April 26
Daylight saving time will be applied this year on Friday, April 26, where the clock will be advanced by 60 minutes at midnight on Thursday.
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Egypt’s Elsewedy to break ground on a new industrial park within weeks
The zone will be located near the 6 October dry port and linked by railway to Alexandria port.
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Egypt Targets 42% Renewable Energy Share By 2035: Petroleum Min
Some of the world's largest corporations are now engaged in research and exploration activities in the Mediterranean.
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Egypt's non-oil business sector yet to gain from IMF deal, PMI shows
An expanded IMF agreement and major investment by the UAE provided little relief to Egypt's non-oil private sector in March.