News
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Egypt studies plan to expand Suez Canal to speed up transit time
Egypt is carrying out a feasibility study on further expanding the Suez Canal in a push to speed up transit times and avert potential blockages.
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Egyptian readymade clothing's exports record $259M during 2024
Turkey witnessed a surge in imports of Egyptian clothing products, with a 62 percent increase from $15 million in January 2023 to $24 million in 2024.
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Egypt launches solar energy platform to promote renewable energy adoption
A central monitoring dashboard has been established at the Ministry of Electricity and Renewable Energy headquarters.
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Egypt overtakes South Africa as continent’s top orange exporter
As of 2021-22, both countries had about 1.3 million MT in fresh orange exports, according to FAS data.
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Health ministry chairs national group meeting to support Equatorial Guinea
The move comes in implementation of directives of the political leadership regarding supporting African continent countries, and Equatorial Guinea.
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Egypt Allocates EGP 307.35m for Cattle Fattening
Egypt earmarks EGP 307.35m for cattle fattening, aiding small breeders and young graduates under the 'Decent Life' campaign, enhancing meat and dairy.
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New Egyptian company to raise expat funds gets $100m seed investment
The project is designed to bring in much-needed foreign currency into the North African country, which is going through its worst economic crisis.
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Egyptian engineering exports hit $348M in January 2024: EECE
The EECE has a strategy to increase exports in 2024 by a rate ranging between 10 to 15%, based on the enormous potential of the Egyptian industry.
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Egypt GASC Pursues 50,000 Tonnes Raw Cane Sugar in Global Tender
Egypt's GASC has initiated a strategic tender for acquiring 50,000 tonnes of raw cane sugar, aiming to strengthen its sugar reserves and ensure supply
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Egyptian soprano Farrah el-Dibany wins Arab Woman of the Year award
Egyptian international mezzo-soprano Farrah el-Dibany received the Arab Woman of the Year award for 2024 at a ceremony held in the British capital.
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China Hands Over the Certificate for Egypt’s Assembly, Integration, and Testing Centre (AITC) Project to Egypt
The EgyptSat 2 remote sensing satellite, launched on 4 December 2023 from the Taiyuan Satellite Launch Centre in China, was constructed at the AITC.
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Egypt Healthcare Authority inks agreements with regional healthcare players in medical tourism push
Egypt is developing a plan to work with the private sector to turn cities across the country into centers of medical tourism.
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Egypt sees significant decline in US dollar exchange rate at the black market
The US dollar exchange rate in the black market witnessed a new decline by about LE20 on Saturday, falling to LE43.
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EBRD invests $95M in Egyptian banks, private sector during 2024
Egypt's broader efforts to increase the proportion of renewable energy in its total energy generation to approximately 42 percent by 2030.
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Egypt’s Beltone Leasing and Factoring Signs 1st USD29.8M Syndicated Factoring Deal for Redcon Properties
Beltone Leasing and Factoring achieved a milestone by securing Egypt’s first syndicated factoring deal valued at USD 29.8 million for Redcon.
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Reviving Egypt's Textile Legacy: State Efforts Aim to Boost Quality and Production
Egypt launches comprehensive efforts to enhance its textile industry's quality and output, aiming for global recognition and growth.
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Int'l Shipping Lines Confirm Returning to Suez Canal as Soon as Red Sea Crisis Ends
This came in the opening of the activities of the thirteenth annual International Maritime Transport and Logistics Conference (MARLOG).
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PM: We started to devise integrated vision on tourism, medical locations
The Egyptian state is beginning to develop all such destinations through the promotion of partnership with the private sector and experts.
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JT Group opens new office in Cairo
JT Group has opened a new Japan Tobacco International (JTI) office in Cairo and held a series of important meetings with strategic stakeholders.
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ADIB Egypt withdraws acquisition offer of Cairo National for Investment
The offer was originally submitted on 14 December 2023, according to a bourse filing.