News
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Egypt in talks with IMF to get $10 billion assistance, as rates are hiked by 200 bps
A move that surprised economic analysts and is targeted at dropping the country’s inflation rate of 34%.
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Financial inclusion rates surge to 70.7% by end 2023: CBE
The Central Bank of Egypt (CBE) released the core set of financial inclusion indicators for 2023, highlighting a notable rise in inclusion rates.
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Delta Company and thyssenkrupp Uhde Collaborate to Restart Ammonia Plant in Egypt
Renowned for its effectiveness, the uhde® ammonia technology has already demonstrated success in over 120 plants globally.
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Egypt’s GDP to climb to 5.1 percent by 2025: OECD
The report suggests the growth will be driven by growing consumption if inflation declines and fiscal support gradually withdraws.
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Egypt to Build Logistics Corridor in Tanzania
Minister of Transportation Kamel Al-Wazir inspected the Kigali Dry Port in Rwanda, one of Egypt's projects in African countries.
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All You Need To Know About Egypt And UAE's Ras El Hekma Multibillion-Dollar Development Agreement
The new project would bring $35 billion in foreign direct investment (FDI) into the economy within two months.
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Egypt to Unveil ‘Sinai’ Astronomical Observatory
This project is set to become the largest observatory in the Middle East and the estimated cost of the project is USD 100 million.
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Egypt’s population projected to reach 157 million by 2050: CAPMAS
Egypt's growth rate has been decreasing over the past 5 years due to anti-overpopulation measures.
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Mashrouak national project to lend youth hits record EGP 200 mln in January
Egypt's national project to provide employment opportunities for youth, Mashrouak, achieved its highest lending rate since its launch in 2015.
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Revolutionizing Egypt's Ports: A Leap Towards Efficient Trade and Transit
Explore Egypt's bold customs reform efforts under Dr. Muhammad Maait's leadership, aimed at boosting efficiency, reducing costs.
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Sisi says Egypt eyes enhancing cooperation with BP in green hydrogen production
The meeting was held on the sidelines the seventh edition of Egypt Energy Show (EGYPES 2024) at Al Manara International Conference Center.
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Egypt's Ministry of Housing signs deals with UAE companies, boosting real estate, healthcare sectors
Ministry of Housing has signed an agreement to allocate land for the establishment of an integrated medical-educational urban project in El Shorouk.
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AWIU devises list for trade exchange in local currencies with BRICS
Yassa explained that this list includes furniture, textiles, ready-made clothing, and disinfectants – especially those designated for hospitals.
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Shell Global aims for new exploration discoveries in Egypt
Shell aims to acquire new concession areas as part of its efforts to increase production, according to El-Molla.
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Egypt hosts inaugural BRICS meeting on global grain trade, anti-competitive practices
This is the first competition related meeting hosted by Egypt after its official joining of the BRICS group earlier this year.
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Egyptalum, Scatec sign 1 GW solar power station agreement
According to the agreement, the station will be built in two phases, with a capacity of 500 MW for each phase.
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A New Dawn in Egypt: LUKOIL and EGPC Forge Path for Oil Exploration in the Eastern Desert
Explore the game-changing agreement between EGPC and LUKOIL in Egypt's Eastern Desert, set to enhance oil production, and drive investments.
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Egypt to ban use of mobile phones in all schools
The ministerial decision prohibits the use of mobile phones in all schools to ensure order and discipline during the academic and educational process.
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Suez Canal revenues decline up to 50% due to Red Sea tensions
The number of ships that crossed the canal decreased to 1,362 ships in January, compared to 2,155 ships in the same month last year.
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Egyptian fisheries need urgent action to combat effects of overexploitation and climate change
The Mediterranean contains 4–18% of the known marine species in the world but poorly regulated overfishing has disrupted the integrity of habitat.