News
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Automotive industry sales increased by 32% in December 2023: AMIC
The report highlighted that sales of various types of vehicles, including private cars, buses, and trucks reached a total of 10,415 vehicles.
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Banking expert explains differences between clean and dirty float
A clean float of currency means leaving the currency price to be determined by supply and demand in the market without any intervention from the CBE.
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Fruit and vegetable exports from Egypt to Europe could increase sharply due to devaluation
EastFruit analysts highlight the high risk of major volatility in the regional market for fruits and vegetables due to the impending devaluation.
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Egypt's NileSat and Qatar's Es'hailSat form strategic partnership for satellite services in MENA
The cooperation covers video broadcasting scope, satellite communications, and digital technologies throughout the MENA region.
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Red Sea crisis will certainly impact orange sales from Egypt
Reports suggest that 150 fewer vessels went through the Suez Canal in January this year compared to the same month in 2023.
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PM holds meeting to discuss measures to ensure availability of goods and products
Madbouly also highlighted the government's measures to enhance the inflow of foreign currency into the market which aim to address challenges.
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Egypt aspires for further cooperation with World Bank in managing state-owned companies: PM
The Egyptian government is keen to further its cooperation with the World Bank in managing state-owned companies and enhancing their efficiency.
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Finance Ministry receives US$850 million from Egyptian expat car initiative: Minister
“We are trying to overcome any obstacles or challenges facing Egyptians abroad participating in this initiative,” the minister concluded.
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Egyptian artichokes sell well in the absence of produce from Puglia
The Egyptian produce played a key role when produce from Puglia was lacking. Egypt is improving year after year when it comes to quality.
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Central Bank of Egypt announces increase in foreign currency reserves by $30 mln
The Central Bank of Egypt (CBE) announced Monday an increase in the reserves of foreign currencies by about 30 million dollars.
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Egypt establishes new tourist walkway from GEM to the pyramids
The Giza Governorate Media Center announced that development of the area surrounding the Grand Egyptian Museum (GEM) is continuing.
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US dollar value drops in Egypt's informal market
The US dollar dropped against the Egyptian pound in the parallel market to about EGP 50, down from a peak of more than 70 EGP last week.
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EGP 70B in total premiums collected by insurance companies in 2023: FRA
This came during the participation of Chairman of Financial regulatory authority (FRA), Mohamed Farid at the 3rd Microinsurance Conference.
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Seasonal workers agreement with Greece creates 10K job opportunities for Egyptians
The agreement provides that the Egyptian laborers would be granted a nine-month stay every year to make up for the shortage in agriculture.
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BerryWorld has big plans for Egyptian blueberries
Egypt has the potential to become a major supplier of blueberries to countries in Europe, the Middle East and Asia.
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Egypt moves closer to set up 11 free zones to boost economy
The Egyptian premier underlined that the main goal is to quickly provide ready industrial land, specifically for projects that export their products.
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Egypt : 5.0 % Increase in the value of trade balance deficit
The deficit value of trade Balance reached 3.07 billion dollars during November 2023, versus 2.92 billion dollars for the same month of previous year.
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IDSC says Egypt has huge reserve of quartz
The IDSC said the purity of Egyptian quartz reaches 99.9 percent, which is a big asset that earns it a competitive advantage internationally.
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About 1.2 million tourists from Russia visited Egypt in 2023
Egypt's Minister of Tourism and Antiquities Ahmed Isa said that a record 14.9 million foreign tourists visited the country in 2023.
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Egyptian ambassador: Expanding a strategic Greek-Egyptian relationship to connect Alexandria with Piraeus
The Egyptian ambassador pointed out opportunities for further development of relations in culture, tourism, shipping, and the connection of the ports.