News
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SIG partners with Plastic Bank and GIZ in project to boost recycling and empower collection communities in Egypt
According to PractiQ Consulting, Egypt generates more than 95 million tons of waste annually and currently only 60% of this waste is collected.
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Egyptian Adtech Startup dKilo Secures USD 3.2 M Seed Funding
Founded in 2020 by Mohamed Mousa and Sherif Abdelaty, dKilo is a technology company in the AdTech space.
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Inflation in Egypt increases to 36% during February: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that annual inflation recorded 36 percent in February compared to 2023.
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What should Egypt do to ensure steady FX inflows?
The IMF statement mentioned that the increase in the loan was prompted by "significant macroeconomic challenges" that have become more complex.
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Egypt’s trade balance deficit hits $3.03B in December 2023: CAPMAS
During December 2023, the value of Egypt's exports declined by 23.0 percent, to record $3.48 billion, in contrast to $4.52 billion in 2022.
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Egypt sets date for offering operation of 20 airports to private sector
A government source detailed the Egyptian government’s plan to manage and operate several airports by private sector companies.
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Egypt’s merchandise exports grew by 6% in 2024
Turkey topped the list with imports valued at $551 million, followed by the Kingdom of Saudi Arabia at $511 million.
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Egypt breaks record in exports of fruits and vegetables to Germany
Egyptian exports to the German market consisted mainly of five products – potatoes, frozen strawberries, grapes, onions, and oranges.
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Egypt parliament approves law to license tuk-tuks
The Egyptian House of Representatives approved a draft law amending the traffic law to increase license plate fees to LE600 instead of LE115.
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Gold prices in Egypt soar by 10.8%, 21k-gram jumps by EGP 355
It closed the week’s trading at EGP 3,270 per gram, after opening the week’s trading at EGP 2,915 per gram.
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SCZone, GTEZ sign coordination protocol across various sectors
In January, the Cabinet announced that SCZone had signed five framework agreements to initiate projects worth around $250 million in total.
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European Union close to provide Egypt with $5 to $6B: Finance Minister
A portion of the European funds will be designated for the private sector, while another portion will be allocated to the state budget.
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Tahrir Complex will be one of the most luxurious hotels in Egypt
The historical character of the building, especially its facades, will be preserved as it's registered in National Organization for Urban Harmony.
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Egyptian banks adjust withdrawals and purchases limits for cards abroad
Banks operating in the Egyptian market have begun raising credit card withdrawal limits following orders from the Central Bank of Egypt.
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Egypt and Saudi Arabia Cooperate to Build a Vibrant Hub in Downtown Cairo
The project is meant to cover the expansive 16,500 square meters of land with a vibrant hub for startups and innovation.
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Here are the working hours for Egypt’s museums, archaeological sites in Ramadan
The Egyptian Ministry of Tourism and Antiquities announced the timings of museums and archaeological sites during the holy month of Ramadan.
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Egypt’s Inflation Hits Record High of 36 Percent as Prices Soar
Egypt’s urban consumer price inflation (CPI) witnessed a significant rise, reaching 35.7 percent in February 2024, up from January’s 29.8 percent.
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Egypt to get $3 bln in funding from World Bank
Egypt also expects the European Union to announce its support package soon, Maait said, outlining more details of the aid that could flow.
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69 Egyptian Universities and Research Centers included in the SCImago World Classification for 2024
The Minister pointed out the significant progress achieved by Egyptian universities and research centers in this year’s classification results.
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Egyptian Customs authorizes release of $780M commodities
The goods were distributed as follows: $280 million on Thursday and $500 million on Friday.