News
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Egypt's Trade Deficit Drops by 68%
The report included the largest receiving markets for Egyptian exports during the month of January, which included Turkey and KSA.
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Egypt's Antiquities Council reports fivefold increase in revenues during FY 2023/24
By the end of the fiscal year 2021-2022, the council's total debt to the budget was seven times its annual revenues.
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Egypt eyeing $17 billion in oil and gas investments by 2030
Oil Minister also meets BP and Adnoc officials to discuss their Egypt gas joint venture.
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Dorsch and ECG sign contract for intelligent water management in NAC
Dorsch Gruppe and ECG will set up a joint venture to provide water management services to 6.5 million people in at least 21 residential areas.
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Egypt targets 4.2% growth for the next fiscal year: Minister
This exceeds the expectations of the World Bank, which estimates that growth will reach 3.9 percent.
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ITFC signs $1.5bn annual work program with Egypt
The $1.5 billion deal marks a significant milestone within the $6 billion five-year framework agreement between the North African country and ITFC.
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Presidential Decree renewing appointment of Khairat Barakat as CAPMAS Chairman
Khairat Barakat is appointed Chairman of the Central Agency for Public Mobilization and Statistics (CAPMAS) for a new one-year term as of 14/2/2024.
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Egypt Ready to Cooperate in Raising Road Network Efficiency in Tanzania
Kamel Al-Wazir, Minister of Transport, discussed Tuesday joint cooperation with Tanzanian Minister of Works Innocent Bashungwa.
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17 Egyptian women dominate Forbes Middle East 100 Most Powerful Businesswomen 2024 list
Egypt stands out with a record-breaking 17 women featured in the Forbes Middle East’s list of 100 Most Powerful Business Women 2024.
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Egypt’s Instapay Breaks New Ground with Interactive 3D Advertising
Instapay, Egypt’s leading digital payments innovator, is poised to change the face of advertising with the country’s first-ever 3D ‘out-of-home.
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Tourist arrivals in Egypt grow by 5% in 1st 40 days of 2024
Despite the outbreak of the war in Gaza Strip in October, Egypt received 3.6 million in the fourth quarter of 2023.
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Mulla: Oil, gas production in Egypt set to increase with $17B Investments
The plan also includes enhancing crude oil refining capacities and bolstering petrochemical production, with a total investment of approximately $17 b
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Tax Policy Strategy 2024/2030 to be submitted to Egypt’s National Dialogue next week
The second round of the National Dialogue will kick off Sunday, with a focus on the serious economic issues that Egypt is experiencing.
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CBE provides US$100 million to help provide basic commodities
This meeting comes in order discuss providing the dollar component needed for basic commodities, especially cooking oil, powdered milk, and more.
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Egypt’s building materials exports record $8.8B in 2023
Breaking down the specifics, iron and steel exports surged by 65 percent to reach $2.3 billion in 2023, compared to $1.4 billion in 2022.
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EGYPES 2024: Sisi highlights financing challenges for Egypt, Africa in meeting energy commitments
President El-Sisi underscored the financing difficulties faced by African countries, including Egypt, in meeting climate and energy transition.
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SulleX Launches Egypt's First $150M Smart Logistics City in Giza for Chilled and Frozen Goods
The area is nestled within the expansive landscapes of Giza Governorate, this $150 million investment sprawls over 510,000 square meters.
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30 million dollars to support small and medium enterprises in Egypt
ICD has provided $315 million in financing to Egypt, supporting private sector companies, financing lines to banks, and direct investments.
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IFC Recognizes the Grand Egyptian Museum as the First EDGE Advanced Green Museum in Africa and the Middle East
This makes the museum the first in Africa and the Middle East, and one of a handful worldwide, to receive the certification.
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BP plans to inject new investments in Egypt amounting to $1.5B
This comes in light of maximizing the use of land and maritime facilities established to accelerate development and production plans to meet demands.