News
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Why Egypt's water scarcity problem runs deeper than the Nile
Egypt, the region’s largest country, is rebranding itself as a leader in the Arab world’s fight against water stress.
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EgyptAir offers discounts on domestic flights
Family discounts are now being offered, with the father paying the full ticket, the wife receiving a 25 percent discount, and children 33 percent.
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Sisi announces removal of public benefit status from 13 state-owned buildings
Egypt's President Abdel-Fattah El-Sisi issued a decree on Wednesday revoking the public benefit status previously accorded to 13 state-owned buildings
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Egypt eager to provide for its foreign residents: MP
Egypt has the right to know the number of foreigners residing on its territory and be aware of their activities.
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USD/EGP forward rate hits new all-time high at EGP 54.26
The Egyptian pound’s forward exchange rate against the US dollar for one-year contracts reached a new peak at EGP 54.26 on Tuesday.
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New tourist walkway inaugurated in Hurghada
It includes umbrellas, green spaces, trees, distinctive lighting, cafes, tourist shops, parking areas, and a path for bicycles and walking.
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Greek Conglomerate Explores Gas Partnerships in Egypt
The Greek company highlighted interest to collaborate with Egyptian energy companies on gas trading, distribution, infrastructure projects.
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Egypt’s Paymob, Mastercard partner to boost e-payments in MENA
Egypt-based financial services company Paymob has partnered with global e-payment giant Mastercard to expedite the acceptance of digital payment.
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EBRD to invest $75m in HAU Energy BV to back 1.1 GW Gulf of Suez wind farm in Egypt
The investment is set to raise capital for the development and construction of renewable energy projects in the region, EBRD said in a statement.
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Egypt’s Digital Exports Hit $6.2bn In 2023: Minister
Egypt’s digital exports increased by 26.5 percent to 6.2 billion U.S. dollars in 2023, up from 4.9 billion dollars in 2022.
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Direct flight links China's Shenzhen, Egypt's Cairo
The round-trip service, operated by the Boeing 787 Dreamliner, is scheduled for every Tuesday, Thursday, and Sunday.
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Egypt keen on advancing bilateral relations with Asia: Finance Minister
Maait highlighted the government's willingness to explore the Asian financial market as a means to diversify funding sources.
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Egypt simplifies taxes for small businesses below EGP 10 mln turnover
The Egyptian government has introduced simplified tax regulations for establishments with an annual turnover not exceeding EGP 10 million.
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Egypt needs $3 bln monthly for basic commodities, fuel, electricity
President El-Sisi said Egypt faces a recurring dollar shortage crisis every few years as gov provides services in LE while buying them in USD.
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Egypt's SCZone inks $250 mln agreements for five projects
Egypt's Suez Canal Economic Zone (SCZone) signed five framework agreements to launch projects worth approximately $250 million in total.
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Egypt’s tax revenue jumped around 39 percent YoY in July-November 2023
Egypt’s tax revenue jumped 38.7 percent year-on-year (YoY) to record EGP 516.1 billion between July and November 2023.
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Egypt Continues to See Unprecedented Rise in Gold Prices
This rise contrasts with the global market, where the price of an ounce of gold decreased by about 5 dollars, settling at 2,024 dollars.
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Egypt’s Raya Auto to locally assemble China’s XPeng EVs within 3 years
Raya Auto will bring XPeng’s P7i, G6, and G9 models to the market during the first half of the year — importing and distributing the cars.
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SCZone Launches Digital Platform “E-tabadul” to Link Production, Service Projects
Promoting and introducing this platform is an important matter, as well as the necessity of full direct coordination with the Federation of Industries
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Partnerships between Egypt, Team Europe initiative record $12.8 bln: Minister
Partnerships between Egypt and the Team Europe initiative have pumped $12.8 billion over four years in soft financing to both the public and private.