News
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Egypt, China to produce solar power, semiconductors
The prime minister affirmed Egypt's active commitment to fostering its renewable energy industry.
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Huawei launches Huawei Cloud for Startups 2024 programme in Egypt
Chinese technology giant Huawei has unveiled its Huawei Cloud for Startups 2024 programme, designed to accelerate the growth of startups in Egypt.
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Kredit launches to finance SMEs in Egypt
Kredit is part of GB Capital’s strategy to promote financial inclusion and support the growth of SMEs in Egypt.
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Dahab Masr, Blnk partner to create new gold investment opportunities in Egypt
Through the Blnk application, Dahab Masr’s customers will be able to purchase gold bars and coins through a variety of instalment options.
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Egypt to launch second phase of National Strategy for Artificial Intelligence
Egypt recently moved up 7 spots in The Global AI Index issued by Tortoise Media.
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Travco subsidiary Jaz Hotel Group acquires 2 hotels near the Pyramids
ravco subsidiary Jaz Hotel Group has acquired two hotels near the Pyramids and six cruise ships for a total of EGP 3.5 bn.
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Egyptian Outdoor installs 1st 3D Screen in Egypt at Cairo Airport
The 3D screen, the first of its kind in Egypt, promises to create a remarkable impact on viewers and captivate the attention of passengers.
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Electricity load reductions in Egypt to continue until March 2024: Officials
Daily load reductions will range from 600-800 megawatts. This capacity will be distributed to all governorates in periods not exceeding 10 minutes.
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EFG Hermes closes EGP 421m Palm Hills Developments securitization issuance as part of EGP 5bn programme
The issuance is structured in three tranches. Tranche A is valued at EGP 50.52m with a tenor of 13 months and a credit rating of AA+ .
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Foreigners must now submit proof of transferring residency fees into Egyptian pounds
This is done in exchange for payment of administrative expenses equivalent to US$1,000, deposited in an account designated for this purpose.
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Egyptian T-Vencubator Fund launches to support technology startups
T-Vencubator, an Egyptian tech startups incubator and venture capital company, announced starting its operations in Egypt.
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EgyptAir drops from Skytrax’s top 100 companies, Parliament asks why
In its 2023 report of the 100 best airlines around the world, Skytrax included several Arab airlines, while others, such as EgyptAir, were excluded.
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These Egyptian Startups are Paving the Way for a Sustainable Future in MENA
These Egyptian startups have been tackling some of the country’s most pressing environmental issues to mitigate climate change.
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Egyptian Banks Suspend Use of New Credit Cards Abroad for 6 Months
This helps to stop the misuse that has been monitored on foreign currency transactions abroad and at home through credit cards.
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All East Nile Monorail Project trains now in Egypt
The ministry announced the arrival of 40 trains consisting of 160 coaches, with each train made up of four cars
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AI medical imaging Market in Egypt soars to $4M in 2022
The report anticipates the market to grow at a compound annual rate of 36.9 percent between 2022 and 2030, reaching $52 million.
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Giant Shipping Operator "Maersk" Prepares to Resume Operations in Red Sea
This comes two days after the Danish company announced its expectations that the chaos affecting shipping through the Red Sea would continue.
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Egypt's rice production covers local consumption for nine months
Egypt’s rice production can cover local consumption needs for nine months, Ragab Shehata, head of the Rice Division at the FDEC.
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Gold Prices in Egypt Soar, Reaching 3050 EGP per Gram
In a significant development, the price per gram of gold in Egypt reached 3050 Egyptian pounds on Sunday, December 24, 2023.
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WTC partners with Ghandour Auto to enable online booking, import of cars
Walid El Ghandour mentioned that Egyptians abroad can use this service to buy their cars and send them to Egypt with simple steps.