News
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Digital Transformation Summit by Vodafone Business Wraps Up in Sharm El-Sheikh
Vodafone Business hosted the Digital Transformation Summit from January 31st to February 2nd, 2024, at Sharm El-Sheikh.
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Talaat Mostafa's ICON completes acquisition of 7 Egyptian state-owned hotels
TMG has completed the final acquisition contract for a majority equity stake of 51 percent with full management rights in seven state-owned hotels.
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Egypt prepares strategic plan for area between Sphinx Airport and Saqqara Pyramid
The area includes one of the most important global sites registered on the World Heritage List and the Grand Egyptian Museum.
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Devaluation will raise pound to LE45-50 against USD: JP Morgan
JP Morgan expects that any currency adjustment will be accompanied by an increase in deposit interest rates by an additional 2 percent.
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IMF Chief: Multiple Exchange Rates in Egypt are “Disastrous”
Georgieva criticized Egypt’s use of multiple exchange rates, calling them detrimental and urging the country to adopt a market-based system.
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Visa, Egyptian Banks Company partner to streamline remittances for expats
EBC manages and develops various domestic payment ecosystems in Egypt, including the Instant Payments Network (IPN) and the InstaPay application.
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Egypt, Bulgaria sign MoU to boost natural gas cooperation
The MoU entails sharing of experiences and best practices in natural gas, encompassing extraction, storage, transportation, and liquefaction.
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Red Sea attacks' impact on Suez Canal revenue can be partly absorbed-Egypt finance minister
Egypt's Finance Minister Mohamed Maait said part of the impact on Suez Canal revenue of the Red Sea attacks on vessels could be absorbed.
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UAE, Egypt sign protocol to enhance investment cooperation
Egypt and the United Arab Emirates (UAE) have inked a complementary protocol to mitigate double taxation and combat income tax evasion.
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Rameda expands its exports to Vietnam, Sudan, and Kuwait
Rameda, a leading Egyptian pharmaceutical company, has signed several partnership agreements with various agents in different countries.
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Egypt-Bulgaria merchandise trade hits $529mln in 2023: Samir
This came during a meeting between Samir and the Bulgarian Minister of Economy and Industry Bogdan Bogdanov to mull luring moreBulgarian investments.
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Egypt planning to offer land at Ras Ghamila for sale
The Ras Ghamila Project is the last piece of land overlooking the sea in Sharm el-Sheikh and the islands of Tiran and Sanafir.
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Nine EV charging stations to be installed in New Cairo
The project has been entrusted to Taqa Volt, whose mission will be to “develop, manage and operate” the nine new facilities.
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787 Egyptian artifacts to be displayed in China for one year
The Shanghai Museum in China will host 787 Egyptian artifacts in a massive exhibition taking place from July 2024 to August 2025.
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Egypt’s table grape exports to Saudi Arabia: another success in 2023
From January to October 2023, Egypt exported 33 thousand tons of table grapes to Saudi Arabia, a 16% increase from the total amount in 2022.
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The 13th edition of the Luxor African Film Festival kicks off Friday
The opening ceremony will be held at the Luxor Temple – one of Egypt’s top-rated tourist attractions.
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Solid Egypt Announces Its Plan To Apply AI Technology In Its CRM System
Applying AI technology helps the sales department in companies to achieve the highest sales results and to control the number of customers.
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UCC launches coding solutions in Egyptian Market
These collaboration protocols aim to facilitate entry into global markets, achieving both regional and international expansion.
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Rise in tourism draws Egypt's remote Siwa oasis into modern age
The ancient Berber settlement, once popular only with ecotourists, is receiving more visitors as government promotes it as a holiday destination.
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Taqa gas pens gas supply pact with somabay resort in Egypt
Taqa Gas, a subsidiary of Taqa Arabia, has signed an agreement to supply natural gas to Somabay Resort.