News
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Egypt’s state-owned oil companies to invest over EGP 23 bln in FY2024/2025: Minister
Egypt's state-owned oil companies are poised to invest over EGP 23 billion in the upcoming fiscal year (FY) 2024/2025, commencing in July.
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Egypt to receive $250 mln boost for economic resilience from AFC, ITFC
Africa Finance Corporation (AFC) and International Islamic Trade Finance Corporation (ITFC) are set to extend a $250 million Sharia-compliant loan.
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Will news channels in Egypt broadcast in 4K technology?
There are plans to broadcast international news channels operating in Egypt in 4K within the near future.
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Egypt Encourages Increased Car Conversions to Natural Gas, But Is it Environmentally Safe?
As of April, Egypt successfully converted 500,000 vehicles, marking a significant milestone.
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Top 10 fruit & vegetable treasures of Egypt
These hidden gems are often only available locally, and are a must-try for anyone visiting Egypt.
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JV plans USD 100 mn investment to localize the production of Geely cars in Egypt
Auto Mobility will localize the assembly of Geely cars in Egypt,developing points of sales, and exporting to African and Middle Eastern markets.
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Egypt’s national carrier to launch third route to Libya from January 25
The carrier is offering a discount on the first four flights of this route, with the first flight at a 50% discount and the other 3 at a 25%.
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Egypt Is Back: Airports Record Almost 30% Growth In 2023
Egypt's airports saw a nearly 30% increase in passengers in 2023, handling over 47 million travelers.
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Egypt Emerges as Africa’s Top Cement Producer
Egypt has risen to become Africa’s leading cement producer, boasting an impressive annual production capacity of around 92 million tonnes.
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Abu Qurqas Sugar Factories halts work after 155 years of operation
The reason for this is the weak contracted quantities of sugar cane, and their incompatibility with the operation of the highly expensive equipment.
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Egypt plans to double capacity of Cairo International Airport
The Egyptian government is planning to build a new passenger building in the Cairo International Airport to accommodate 30 million passengers per year
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Telecom Egypt and Zain Omantel International to establish new digital corridor
This move offers an opportunity for subsea cable owners by helping them reduce their construction costs as well as elevate latency.
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Only a few Egyptian exporters continue to offer sweet potatoes
The Egyptian sweet potato season is coming to an end, towards the end of January, except for a few companies that continue to export.
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Bosta, an Egyptian logistics startup, secures new funding to continue its expansion plans
Bosta's mobile or web application allows users to send and receive packages while communicating and monitoring deliveries in real-time.
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Egypt plans to construct logistics zone in Safaga Port
The Egyptian government is gearing up for the construction of a logistics zone with an investment of $50 million.
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Egypt plans to issue bonds in local currencies of BRICS’ NDB members
Will include green, blue, social, and sustainable bonds to support Egypt’s Vision 2030.
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Gold prices in Egypt could decline on high-yield CDs, geopolitical de-escalation: FEDCOC
The de-escalation in the conflict between Russia and Ukraine and the introduction of new high-yield certificates in Egypt could lead to the decline.
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Local Brands: From Online to On-site Bazaars
Egyptian local brands are applying online-to-offline (O2O) commerce strategy.
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Egypt plans to have the world’s tallest structure at a height of 1000 m
The proposed mega-tall skyscraper Oblisco Capitale is located in the New Administrative Capital (NAC) of Egypt.
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Egypt to increase minimum wages, pensions within two months
The Egyptian government is expected to increase the minimum wage for government employees and pensions – currently stand at EGP 4,000 and EGP 1,300.