News
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SCA, Netherlands to cooperate across green transformation industry
Rabie expressed appreciation for the extensive cooperation between the SCA and the Dutch IHC shipyard.
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Egypt targets $6.5bn revenues in 2024 from government IPO program, official says
During his participation in the session, Maait indicated that Egypt is also chasing financial policies that support productive and export activities.
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Revolutionizing Desert Agriculture: The IDFRL Project Transforms Egypt's Arid Lands
The IDFRL project, launched by AECID and ICARDA, is revolutionizing Egypt's desert agriculture landscape by optimizing water and energy use.
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Egypt's Real Estate Sector Faces a Perfect Storm of Crisis
The real estate sector in Egypt is grappling with a perfect storm of crisis, including rising costs, delays in construction, and financial instability
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Will Egypt's IMF bailout dispel domestic money fears?
Analysis: The huge IMF bailout could ease Egypt's upcoming external debt burden but risks new austerity measures that will hurt the poorest in society
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Int'l partners' funding for Egypt reaches $10.3B over 4 years
Al-Mashat noted that this funding includes both developmental aid and investments in the private sector, along with technical support.
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PM witnesses signing ceremony of MOU annex with UAE
Minister of Planning and Economic Development Hala al-Saeed and UAE Minister of Cabinet Affairs Mohammed Abdullah Al Gergawi signed the MOU.
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Egypt, Slovenia discuss opportunities for economic cooperation
The talks took place within the framework of the the second round of the Joint Ministerial Committee for Economic Cooperation between the 2 countries.
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Philip Morris Egypt announces increase in foreign cigarette prices
This applies to all of the heated tobacco products, HEETS and TEREA, and traditional cigarettes for the Merit, Marlboro, and L&M brands.
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Egypt central bank introduces measures regulating credit card use overseas
Customers who fail to provide documented evidence of credit card use during their stay abroad within a max of 90 days will be subject to measures.
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Egypt opens restored tomb of scribe of Amun Neferhotep as new Luxor tourist attraction
Neferhotep was one of the senior statesmen of his time, holding several titles including the scribe of Amun.
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Kahira Pharmaceuticals’, Egypt profits climb 140.7% in 6 months
Kahira Pharmaceuticals is an Egypt-based company involved in the manufacture and trade of pharmaceutical products for human and veterinary use.
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World Bank investments in Egypt amounts to $26B across 175 projects
This announcement was made during a meeting between Egypt's Prime Minister, Mostafa Madbouly, and the President of the World Bank, Ajay Banga.
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Egypt, UAE sign complementary protocol to avoid double taxation
This should be done through encouraging investment and deepening the private sector’s contribution to the course of development.
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Air Arabia Egypt launches new service connecting Cairo and Istanbul
Air Arabia Egypt is set to launch non-stop flights from Cairo to Istanbul starting April 2, 2024.
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4 new commodities to be introduced on Egypt's Commodities Exchange in 2024
Four new commodities will be introduced on the Egyptian commodities exchange (EGYCOMEX) during 2024, with petrochemical products leading the list.
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IMF anticipates increase in support to Egypt will be ‘large in size’
Georgieva noted that the fund seeks “To give a dose of confidence to the Egyptian economy by enhancing the size of the support program.”
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Egypt Poised to Become the Next Digital Payments Leader in the Middle East after UAE
Mastercard aims to revolutionize Egypt's digital payments, targeting the $20.6 billion market.
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Egypt adopted 144 reforms to support the private sector since May 2022: PM
Madbouly said more than 1,000 private sector companies that take part in national programs which will help improve the Egyptian economy on all levels.
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Egypt’s Minister of Finance assures no increase in tax rates
Tax exemption limit will be raised by 33 percent to reduce the burden on all state workers, including the private sector, on March 1.