News
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Egyptian exports of processed food grow by 15% in Jan.-Nov. 2023
The top importing countries are Arab states with $2.5 billion (54 percent), EU members with $818 million (17 percent).
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Egypt’s Transport Ministry hosts conference in efforts to boost yacht tourism and marina development
The Ministry implemented measures to streamline and expedite procedures for the arrival and departure of foreign yachts from tourist ports and marinas
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SCZone signs agreement with Chinese firm to build $50 mln bags factory
The Suez Canal Economic Zone (SCZone) signed an agreement with Henneway, a Chinese travel bags manufacturer, to build a factory with up to $50 million
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Number of ships crossing Suez Canal recorded 10% increase last Oct.
Data indicates that Suez Canal revenues last October increased over the same month of last year 2022, which was about 14.3 billion pounds.
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Egypt confirms its first two cases of “JN.1” coronavirus variant
The ministry assured it continues carefully monitoring the epidemiological situation in Egypt.
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Exploring Cairo’s Enchanting Ceramic Cafés: A Journey of Artistic Delights
These captivating establishments offer a unique experience, inviting visitors to unleash their inner artist while relishing delectable treats.
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Swvl Records $2.1 Million Net Profit in 2023
Swvl’s operating cash flows during the first 6 months of this year amounted to about $2.2 million.
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CBE delays charging transfer fees on InstaPay
Earlier this year, the CBE had previously mentioned that it would impose fees on transactions made via the app in early 2024.
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Egyptian Economy Grows 3.8% Despite Russian-Ukrainian Crisis
Prime Minister Dr. Mustafa Madbouly chaired a meeting of the economic ministerial group this evening to discuss and monitor several economic files.
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Egypt to increase sugar on ration cards by up to 2 KGs in January 2024
Under the new measures, individuals holding ration cards will be entitled to an additional kilogram of sugar.
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Beware of 'frozen dollar' notes in Egyptian parallel market
If you deal in the currency parallel market, you should beware of frozen dollar notes, which are invalid currency with deactivated serial numbers.
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Egypt Signs MoU with Chinese Company to Establish 10 GW Solar Power Plant
The solar energy project, for which the memorandum of understanding was signed, will produce about 29,784 gigawatt-hours of clean energy annually.
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Abu Dhabi Ports Group to operate Egypt's new Safaga terminal
The ministry has invested 3.6 billion Egyptian pounds ($116.7 million) to develop Safaga port, the minister added.
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Egypt amends private equity firms regulations to streamline operations
Egyptian Prime Minister Mostafa Madbouly issued a decree amending the Minister of Investment Decree No. 113 of 2018 regulating private equity firms.
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Egypt's Transport Ministry gets approval from Cabinet for $3B green hydrogen project
The proposed project will be strategically located near the Jarjoub sea port and the Jarjoub Special Economic Zone.
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Libya proposes new trade border crossing with Egypt
During the meeting, the Libyan side invited Egyptian businesspeople to visit Libya and explore investment opportunities.
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Beltone and Dutch fund sign deal to support low-income projects in Egypt
Beltone Financial Holding's subsidiary Cash for Microfinance signed an EGP 60 million agreement with the Dutch Challenge Fund for Youth Employment.
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FRA reports EGP 192.2bn in total financing for Q3 2023
According to the reports, the value of stock issuances was EGP 92.7bn, representing 48.2% of the total financing.
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Egypt to host 4th Pakistan Africa Trade Development Conference in January
Egypt is set to host the fourth edition of the Pakistan Africa Trade Development Conference (PATDC) and Single Country Exhibition (SCE) from 9 to 11/1
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MAFI, international companies to establish $300M agri-food complex in Sadat City
By harnessing the latest global technologies, the Sadat City complex will serve as a hub for cutting-edge agricultural food production.