News
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Egypt awards British Steel contract to supply tracks for high-speed railway project
There are high hopes that "The Green Line" will revolutionise a decaying transport system in the Arab World's most populous country.
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Egypt gears up for investment conference with EU
The conference, scheduled for June 29, 2024, underscores the Egyptian government’s commitment to attracting foreign and local investment.
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EGP current price is golden chance for 'Made in Egypt' to compete globally
Experts say that Egyptian exports now have an opportunity to grow and compete globally due to the depreciation of the pound against the dollar.
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Confusion about the alleged sale of the Airbus A220 to Russia instead of the USA
In February, the American leasing company Azorra announced that it would buy the twelve A220-300s from Egypt Air.
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Egypt's Sisi starts third term pledging more investment, social spending
Sisi swept to victory in an election last December with 89.6% of the vote and no serious challengers.
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Saudi, Egyptian conglomerate to explore for oil in Gulf of Suez
Egypt's Minister of Petroleum Tarek El-Molla witnessed on Tuesday the signing of two agreements for oil exploration and production in the Gulf of Suez
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Egypt's sold cars hits 7,400 unit in February 2024
This recovery follows a period of decline in January, which marked the lowest point in the past 10 months.
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Egypt, Ecuador mull cooperation in petroleum sector
The meeting also tackled the final preparations for the memorandum of understanding (MoU) set to be signed between them.
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Egypt’s net foreign assets deficit shrinks by $7.04 billion in February
NFAs represent both central bank and commercial bank assets held by non-residents, minus their liabilities.
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Egypt Annual Country Report 2023 - Country Strategic Plan 2023 - 2028
In the second half of 2023, WFP assisted 720,000 people in the most underprivileged areas, including over 200,000 refugees.
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Efforts to integrate informal economy, expand tax base: Finance Minister
Minister Maait has issued firm instructions to swiftly address tax evasion and the improper withholding of taxes by businesses.
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Five days of paid holiday for employees following end of Eid from May 2-6
Sham al-Nessim falls on Monday, May 6, and comes the day after the Coptic celebration of Easter.
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New Administrative Capital prepares for President’s Inauguration Ceremony
The House of Representatives will hold the swearing-in session at its new headquarters in the New Administrative Capital.
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Egypt to cut poultry, eggs prices by up to 15% with private sector involvement
Egyptian markets are preparing for a considerable decrease in prices of poultry and eggs starting Tuesday.
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Edita has expressed interest in acquiring Egypt’s Bisco Misr
Edita is yet to submit an official offer or take any tangible steps towards acquiring the company.
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Egypt’s state gas firm to invest $2.6bln in 2024-2025
State-owned Egyptian Natural Gas Holding Company (EGAS) is planning to invest nearly $2.26 billion in the 2024-2025 fiscal year.
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New York City vs. Cairo—How the Big Apple Could Learn From Cairo's Metro System
New York City's subway system served 3.2 million passengers in 2022, less than Cairo's which served 3.5 million passengers.
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€61.5m to boost the capacity of the Gabal El Asfar wastewater treatment
Already considered to be one of the largest wastewater treatment plants in Africa, and the capacity is set to increase in the next few years.
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EgyptAir to sell 12 Airbus A220-300 aircraft to Russia
EgyptAir Holding Company has contracted to sell 12 Airbus A220-300 aircraft to Russia’s Azur Air.
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Tax revenues surge by over 38% since beginning of FY24/25
Tax revenues have recorded a growth rate exceeding 38 percent since the beginning of the current fiscal year (FY24/25).