News
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This year, it appears even more Spanish companies have come to Egypt
The lower volumes of citrus in Spain and a quality which, according to the industry, isn't the best, have led many importers to turn to Egypt.
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Unveiling Egypt’s Top Google Searches in 2023
Between news, TV shows, and prominent figures, the trending searches reflect what the Egyptian population focused on in this action-packed year.
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Tourism in Egypt's South Sinai affected by Hamas-Israel conflict: official
About 20 percent of tourists have canceled their reservations in South Sinai, a province that is home to some of Egypt's most popular destinations.
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Diverse Egypt: An award-winning and safe travel destination with many new offers
To continue this high trend next year, Egypt planned further openings of new historic sites and resorts.
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From Romance To Magical Realism: Arab Novels To Cozy Up To On These Winter Nights
For bibliophiles, the winter season is an invitation to embark on literary journeys that complement the cozy ambiance of a well-made bed.
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Egypt Post Issues Commemorative Stamp to Marks 66 Years of Relations with Sri Lanka
Bilateral relations between Sri Lanka and Egypt enjoy close cooperation in a wide range of fields, including economy, trade, culture, and education.
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PM issues decision to enforce printing prices on commodities
This came as part of a set of governance procedures aimed at curbing price hikes resulting from intermediaries between producers and consumers.
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EFG Holding aims to raise $300m in Vortex 4’s second funding round
The source indicated that the fund’s total size is expected to surpass $500m post-second closing, with a focus on attracting Gulf sovereign funds.
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Egypt extends ban on sugar exports for three months
The Egyptian Ministry of Trade and Industry extended a three-month ban on exporting all types of sugar per the decree.
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Raya Holding signs agreement to acquire 27.69% stake in Ostool
Raya Holding had plans to sell their 62.3% stake in Ostool for Transportation to Paradigm Logistics for LE 266.6 million in 2021.
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Talaat Moustafa Group and Faisal Al-Rasheed Group Partner to Open Two “Al-Nasser” Branches in Madinaty and Al-Rehab
This collaboration will see the opening of two new branches of the renowned “Al-Nasser” brand, one in Madinaty and another in Al-Rehab.
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Morocco and Egypt seem to be great beneficiaries of Brexit
Both countries have experienced a significant increase in the value of their exports to the United Kingdom.
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Middle East Travel Went From ‘Total Panic’ to Recovery, Accor CEO Says
Occupancy rates in Egypt are ‘strong’ after an initial freeze in tourism bookings, he says, but the picture in the region is mixed.
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Egypt's food exports surge by 15% in first 10 months of 2023: Food Export Council
Egypt's food exports increased by 15 percent, reaching $4.3 billion during the first 10 months of 2023, up from $3.8 billion.
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Egypt to receive $21.5B from foreign investments: ECS Chief
These investments will be distributed as follows: Indian investments amounting to $13 billion, Turkey $3 billion, Belgium $3 billion, and China $2.5bn
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Egypt 2nd biggest global tourist destination for hot air balloon tours
The authority has also utilized modern devices that help determine the location of balloons in the air, in addition to using GPS devices.
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We worked in two shifts to keep up with the strong demand: Mango Exporters
Some mango farms still have the acceptable quality for export within a short delivery time to our neighboring countries.
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Saudi-led consortium secures major service contract with Egyptian Petroleum Corporation
Saudi-led consortium signs 10-year contract with EGPC to boost production in Egypt's SUCO and OSOCO oil fields.
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Onion and sugar lead Egypt’s inflation rates in November
In this Factsheet, we will track the performance of inflation in Egypt and how the rates are moving against government plans and projections.
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B Investments approves share swap ratio value for Orascom Financial Holding acquisition
The acquisition, which will see B Investments purchase up to 90% of OFH, was announced back in June.