News
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Egypt bourse gains LE18 billion
The market capital gained about LE 18 billion to register LE 1.979 trillion at closing, amid transactions that totaled LE 16.6 billion.
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60 firms bid for gold hunting in Egypt
Egypt has closed bidding for the exploration of gold in 31 various sites after 60 companies applied for obtaining permits.
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Cairo Book Fair's 55th Edition Begins, Showcasing Global Literature
Norway is honored as the guest of the year, and Egyptologist Dr. Selim Hassan and writer Yacoub El-Sharouni are spotlighted.
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Libya signs agreement with Egyptian companies to build 11 new bridges
The Libyan government has signed contracts with Egyptian companies to build 11 new bridges in Derna, Benghazi, and Ajdabiya.
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Egypt-Russia Trade Exchange Records $5.1 Billion: CAPMAS
The value of Egyptian exports to Russia was $469 million during the first 11 months of 2023, compared to $543 million, year-on-year, a decrease of 13.
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Qatar, Egypt discuss enhancing economic, investment cooperation
During the meeting, the focus was on establishing cooperation mechanisms that would facilitate seamless economic integration.
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Egypt to offer EGP 1.4 bln in tax relief for producers through 2026
The Egyptian government has pledged to pay EGP 1.4 billion (more than $45 million) annually.
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Egypt lost $150 mln due to Red Sea disruptions
Egypt has lost about $150 million in Suez Canal revenue due to ongoing Red Sea disruptions, according to Bloomberg’s Chief Emerging Markets Economist
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Egyptian travelers bring over 3.8 tons of customs-free gold to Egypt in 8 months
This came in line with Cabinet decisions, which exempted travelers from paying customs duties and other associated charges.
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7 Business Lessons From Egyptian Billionaire Mohamed Mansour
The head of the $6 billion Mansour family empire was once penniless. Now he’s on top of the world.
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To support exports: Egypt inks agreement with Italy for Ro-Ro cargo line
Egypt signed an agreement with Italy for cargo transport through the roll-on/roll-off (Ro-Ro) system capacity of 420 trucks every week.
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Egyptian edtech Edura secures pre-Seed round
Egypt-based edtech Edura, has completed an undisclosed pre-Seed funding round led by Smart Zone Startups Studio and angel investors.
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Egypt’s CBE secures membership in OIC’s computer emergency team
The Central Bank of Egypt (CBE) has secured membership in the Organization of Islamic Cooperation's Computer Emergency Response Teams.
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Moody's expects IMF loan programme for Egypt to increase to $10 bln
Global credit rating agency Moody's has expected the International Monetary Fund (IMF) to increase its existing $3 billion loan programme for Egypt.
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Egypt provides EGP 2.2B to supports private funds, accounts workers
This support will reach approximately LE 3 billion by the end of FY 2023/2024, compared to EGP 723 million in FY 2017/2018.
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Egypt keen to play major role in int'l clean energy transition: Sisi
President Abdel-Fattah El-Sisi affirmed Egypt's keenness to play a major role in the international clean energy transition, which will benefit Egypt.
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Schneider Electric discusses building solar power projects in Egypt's Sinai
Schneider Electric is discussing with Khaled Fouda, the governor of South Sinai, about building a group of solar power projects.
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Saudi Al-Rajhi Bank suspends EGP transactions in kingdom
Saudi Islamic Al-Rajhi Bank, one of the biggest banks in the country, suspended transactions in Egyptian pounds across all of its branches.
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Putin to Participate in Key Event at Egypt’s Dabaa Nuclear Power Plant
Egypt and Russia signed a cooperation agreement in 2015 to establish a nuclear power plant with an investment cost of USD 25 billion.
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Egypt’s budget sees $4.9bn surplus in 6 months
Egypt’s financial year starts in July and concludes in June, meaning these figures cover the first six months of the country’s spending plans.