News
-
Abu Dhabi Ports initials $3 mln agreement to develop, operate three Egyptian cruise terminals
The Abu Dhabi Ports Group initialed on Thursday a 15-year concession agreement, worth $3 million, with the Egyptian Red Sea Ports Authority (RSPA).
-
Egyptian ed-tech startup iSchool raises $4.5m funding for international expansion
Egyptian ed-tech startup iSchool has raised US$4.5 million in funding to accelerate its expansion plans into six additional countries in MENA.
-
Egypt’s step towards sustainable fertilisers
The MoU is a collaborative effort between Abu Qir Fertilizers Company, ABB International Group, MPS Infrastructure Company, and Petrojet.
-
Egypt’s ports are not for sale or acquisition: Minister
Egyptian Transport Minister Kamel al-Wazir stressed on Friday that Egypt’s ports are not for sale or acquisition.
-
Remittances from Egyptians Abroad Drop 30% to $4.5 Bln
CBE explained in a report issued Friday that remittances from Egyptians working abroad fell to about $4.5 billion during the three months.
-
Egypt officially in BRICS: What should we expect?
Egypt’s membership in the BRICS bloc officially came into effect in a landmark move this January, aligning itself with five other new members.
-
Egyptian agritech company unveils soilless solution to water shortage
An agritech company in Egypt has introduced a soilless solution to the water shortage that has affected farmers across the country.
-
McDonald's CEO says several markets in Middle East impacted by conflict
Major Western fast-food chains including McDonald's and Starbucks (SBUX.O) have seen largely spontaneous, grassroots boycott campaigns.
-
Shipping giant Maersk to divert vessels away from the Red Sea ‘for the foreseeable future
The diversion means avoiding the quickest path between Europe and Asia through Egypt’s Suez Canal, and taking the longer Cape of Good Hope.
-
Rabobank, GSA report finds Egyptian tilapia output on the path toward recovery
Egypt's tilapia sector is expected to post year-over-year growth in both 2023 and 2024, marking a positive shift from the stagnant output.
-
Egypt’s seed potato imports hit 6-year low in Sep-Oct 2023
Egypt’s seed potato imports in September-October 2023 reached only 16.6 thousand tons, the lowest level in the past six years, reports EastFruit.
-
Egyptian-Japanese mission uncovers new rock tomb at Saqqara necropolis
The mission also uncovered a portion of a limestone ushabti bearing the remains of hieroglyphic inscriptions, and an amulet of fayans from Ain Ujat.
-
MID Takseet expands its instalment services with EGP 500m
The company achieved an impressive 338% growth in its business volume in 2023, within just one year of its launch.
-
Dragon Oil Starts Production at Egypt’s Al Wasl Field
The company aims to connect the second well – located south of the Belayim 293-5A well – by mid-January 2024.
-
Egypt GDP growth beats 2023 target: Minister
Egypt's economy expanded faster than planned in the fiscal year (FY)22/23, driven by gains in sectors ranging from tourism to infrastructure.
-
Egypt’s NIR rises slightly in December 2023
Egypt’s Net International Reserves increased by $47 million to record $35.22 billion in December, its highest level since May 2022.
-
NBE, Banque Misr issue new certificates with up to 27% yield
The National Bank of Egypt (NBE) and Banque Misr announced Thursday issuing new certificates of deposits (CDs) with 23.5 percent and 27 percent annual
-
IMF mission could visit Cairo in January for new loan time-frame: Cabinet Speaker
A mission from the International Monetary Fund (IMF) would probably visit Cairo in January to finalize a new time frame for the loan agreement.
-
Central Bank yet to announce flotation of Egyptian pound: MP
Senate member Ahmed Samir said that the Central Bank of Egypt (CBE) has not officially announced the flotation of the Egyptian pound so far.
-
Egypt’s population growth declines by 8 percent in 2023
Egypt’s population reached 105.858 million on January 1, 2024, compared to 104.395 million million during the same period last year.