News
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Egypt signs 7 green energy deals to unlock over $40bln of investments
The MOUs are expected to culminate in investments worth $12 billion for the pilot phases and $29 billion for the first phases.
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Ancient Underwater City Unveils Temples to Aphrodite and Amun Off Egypt's Coast
Discover the treasures of Thonis-Heracleion, an ancient port city submerged beneath the Mediterranean Sea. Unearth temples dedicated to Aphrodite.
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Egypt to become first African country achieving Plasma Self-Sufficiency
Egypt's Journey to Plasma Self-Sufficiency Egypt's strides towards plasma self-sufficiency represent a breakthrough in medical capabilities.
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Egypt sees 6 percent increase in tourist arrivals in first 50 days of 2024
The country is striving for an annual growth rate of 25 to 30 percent in inbound tourism.
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BP plans to invest $1.5bln in Egypt, Bloomberg News reports
The joint venture, expected to be formed in the second half of this year, will be 51% owned by BP and 49% by ADNOC, the companies said at the time.
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Emirati businessman Khalaf al-Habtoor renews desire to invest in Egypt’s Regal Heights Hotel
The announcement of the historic investment initiative constitutes a great incentive for a large number of businessmen to invest in Egypt.
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Egypt announces an international bid for management of Egyptian airports
Minister of Civil Aviation Mohamed Abbas Helmy said that Egypt will soon announce an international bid to manage and operate Egyptian airports.
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EBRD Board of Directors visits Egypt
Representatives of the EBRD Board of Directors will visit Egypt from 25 February to 1 March 2024.
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Egypt’s Health Ministry discusses cooperation with AstraZeneca
The meeting reviewed the previous cooperation projects, especially the partnership between the ministry, AstraZeneca, Philips, and the London School.
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Brazil prepares to export poultry meat to Egypt
Brazil and Egypt have signed an agreement to facilitate exports of poultry, pork and beef meat to the African country.
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Egypt’s MoneyHash secures $4.5m investment to boost payment plan for MENA merchants
Nader Abdelrazik, MoneyHash’s CEO, emphasizes the uniqueness of their position, with 10% of all MEA payments being digital.
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Details of the 40.5 percent high yield CDs from Emirates NBD – Egypt bank
The bank also announced the offering of an eight-year certificate with a variable return of 21 percent annually.
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Poultry prices expected to decline in Egypt by the end of 2024
Cairo 3A Poultry recently inaugurated its poultry processing factory in the Tenth of Ramadan City's industrial zone.
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Petronas Lubricants Expands in Egypt, Aiming to Make It African Export Hub
Discover how Petronas Lubricants International is working with EV For Petroleum Services Company to expand its presence in the Egyptian market.
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Egypt-EIB cooperation portfolio values $3.6 billion in 18 development projects
The EIB provides financial and non-financial services in more than 160 countries around the world.
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Egypt Deliveres 1,400 Tablets to Djibouti to Implement Population Census Project
Egyptian ambassador said that Djibouti's success in counting the general population census would contribute to achieving economic and social progress.
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Is Egypt about to sell a prime Red Sea area to Saudi Arabia?
After a $35bn deal with the UAE to develop Ras el-Hekma, Cairo seems close to agreeing a $15bn project with Riyadh to develop Ras Ghamila.
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Telecom Egypt, Huawei complete Africa's first 50G PON trial
Telecom Egypt, in partnership with Chinese technology company Huawei, has successfully completed Africa's first 50G passive optical network (PON).
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Germany Invests €80 Million in Egypt's Future: A Boost for SMEs and Technical Education
Germany's €80 million aid package to Egypt aims to empower SMEs and enhance technical education.
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Romania's CIS Gaz opens new branch in Egypt
The company said it has also delivered the first batch of Romanian-manufactured equipment for the Egyptian government's Hayah Karima project.