News
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Egypt receives offers in sugar tender –traders
The lowest offer for white sugar was believed to be $699 a ton CIF free out and submitted by ED&F Man.
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Russian EVs producer Concordia to set up manufacturing factory in Egypt
Per the partnership, GV Investments will provide the plot of land needed for the project and construct the factory, reports say.
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Egypt to shift to flexible dollar exchange rate, aiming for EGP 39.6 by 2028: Cabinet
Egypt is set to adopt a flexible exchange rate policy to adjust the pound’s value against the US dollar to meet a 39.61 rate planned by 2028.
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45 Hot Air Balloons Fly Over Luxor Carrying 1,100 Tourists
As many as 45 hot air balloons have decorated the skies of Luxor, carrying more than 1,100 tourists of different nationalities.
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New maritime route to increase trade competitiveness of Jordan, Egypt
Al-Ali emphasized that since the beginning of the crisis, efforts have been made to find suitable routes and alternative plans.
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NBE, Banque Misr expect EGP 500 billion proceeds from new CDs
On Thursday, NBE and Banque Misr announced the issuance of new CDs, offering annual yields of 23.5 percent and 27 percent, respectively.
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Egypt's Cabinet to present document on strategic directions of economy during Sisi's third term for national discussions
The document includes 8 proposed strategic orientations based on the consensus of experts in several key areas and the ambitious national targets.
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Egypt administrative capital announces fourth phase expansion: Chairman
Abbas emphasized that the work of ACUD is ongoing, providing services to both visitors and residents of the capital.
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Swvl to “carefully expand” in Saudi Arabia in 2024
Swvl has reportedly cut nearly one-third of its workforce in 2022, to achieve profitability and lower operating costs.
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Egypt's Cabinet reveals top African importing markets in Q1 of 2023
Egypt’s exports declined 22 percent during the first nine months of 2023, recording $30.8 billion, compared to $39.4 billion in 2022.
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Egypt's wheat imports surged 14.5% in 2023: Official
Egypt’s wheat imports increased by over 14.5 percent to 11 million tons in 2023 compared to 9.6 million tons in 2022.
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IMF Delegation to Visit Egypt Next Month to Conduct further Consultations
Cabinet spokesman Mohamed El-Homsany said that an IMF delegation is visiting the country this month to conduct further consultations.
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Infograph: Egypt’s non-oil trade deficit drops 26.3% YoY in Q3 2023
Egypt’s non-oil trade deficit dropped 26.29 percent year-on-year (YoY) to $6.63 billion in the third quarter of 2023 from $8.99 billion.
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Infograph: Egypt’s Suez Canal revenues jump 19.4% in Q3 of 2023
Egypt’s Suez Canal revenues jumped by around 19.4 percent to $2.4 billion in the third quarter of 2023 (July-September) compared to $2 billion in 2022
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Egypt and Saudi Arabia Collaborate to Boost Egyptian Agricultural Exports
Egypt’s National Food Safety Authority (NFSA) convened with the Saudi Food and Drug Authority.
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NBE, Banque Misr new CDs attract EGP 11 bln in 24 hours
On Thursday, the NBE and Banque Misr announced issuing new CDs with 23.5 percent and 27 percent annual yields, respectively.
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What you need to know about Egypt’s International Olympic city
At a cost of L.E. 2.8 billion, the construction of the gigantic venue began in 2018. It lays on area of 468 acres, with a capacity of 92,000 seats.
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The Egyptian strawberries season met a good start
The second strawberry harvest cycle is approaching in Egypt. Mohammed Ezzat, CEO of Egyptian producer Green Nile.
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Egypt's 5th Jewelry Art Festival Showcases Diverse Talents with 80 Designers
Running until January 17th, the festival offers a platform for a wide array of designers, from up-and-coming talents to established professionals.
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EU working with Egypt to organise investment conference in spring: Berger
Head of the European Union delegation to Egypt Christian Berger said that the EU will organize a conference to highlight investment opportunities.