News
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China-built container terminal starts operation in Egypt's Alexandria
Its first phase was delivered in October 2023, said the head of CHEC Egypt Duan Kun, adding the construction is now in the second phase.
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Beltone to launch gold fund in Egypt
The FRA has established a regulatory framework specifically for investment funds in metals.
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Urban inflation in Egypt declines for third consecutive month
Recorded 33.7 percent in December, down from 34.6 percent in November.
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Large Gold Deposit Discovered in Egypt
Martin Horgan, the CEO of Centamin, has revealed a substantial gold deposit discovery in eastern Egypt.
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National Bank of Egypt and Banque Misr CDs sales amount to LE 205B
Mohamed El Etreby, Chairman of Banque Misr, also reported proceeds reaching LE 70 billion since the launch.
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PM directs officials to start projects for upgrading view of Gameat Al Dowal Al Arabiya axis
He made the remarks during a meeting to follow up the implementation of a number of development projects in the Giza governorate.
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Egypt’s women’s clothing exports reach $2.2bn in 11M 2023
Spain was the top European importer of clothing, with a value of $116m in the first 11 months of 2023, compared to $87m in the same period of 2022.
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Egypt's zero-customs car import initiative sees demand surge
Egypt's zero-customs car import initiative has seen an influx in demand in the first two months of its second phase.
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Ezz Steel's investments soar to $5.9B as exports target $1.75B in 2024
Afaf Ezz highlighted that the new smelting furnace was commissioned with an investment cost of approximately LE 5 billion.
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Government reduces its stakes in 61 companies for IPO programme
The Egyptian government decided to include 61 new companies in its IPO programme, from which exiting could be faster than others.
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Omar Khairat to perform two concerts at Cairo Opera House in January
Egyptian composer Omar Khairat will give two concerts at the Cairo Opera House on January 25 and 26.
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Egypt rolls out its first self-service ticket machines for museums and archaeological sites
The machines allow Egyptian visitors and tourists to purchase entry tickets to these museums and sites using their bank cards.
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Where to Find the Best Creme Brûlée in Egypt
Because life is too short not to eat dessert first, here are 9 spots in Egypt serving the most decadent cracking creme brûlée.
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Egypt Aims to Raise Interest on T-bills to 22% in 2024/25 Draft Budget
The Ministry of Finance expects an increase in the real growth rates of the economy to 4.7%, compared to estimates of 3% in the current fiscal year.
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ACUD introduces ‘equal instalments’ system for land offerings
The Administrative Capital for Urban Development (ACUD) company has announced the introduction of the “equal instalments” system.
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Egypt to develop AI-based system for predicting commodity price crises
The Egyptian government plans to develop an AI-based system to predict crises in the local marjet, especially hikes in the prices of commodities.
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Egypt prepares law on treating foreign tourists
Eissa referred to the issuance of a new law on establishing tourism chambers and organizing a union for them.
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Egypt’s FriendyM raises $2 million investment
According to the car data that the user registers through the application, "FriendyM" sends notifications to remind you of the car’s maintenance.
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Egypt's annual headline inflation slows to 33.7% in December
The figure was slightly higher than the median 33.4% forecast by 14 analysts.
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Egypt’s gold reserves at mines hit 25 mln ounces
The amount of gold remaining in Egyptian mines amounts to at least 25 million ounces (or over 781 tons), said Nagi Farag.