News
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Food Trip Egypt announces EGP 150m investment at Food Africa 2023
Food Trip Egypt, a burgeoning Egyptian snack manufacturer, disclosed a new investment of EGP 150m.
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Majid Al Futtaim And engazaat Collaborate For 20+ Megawatts Of Solar Power Across Egypt And Lebanon
engazaat’s solar plants will generate 737 million kilowatt-hours of clean electricity over the project’s lifetime.
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I don't see the government extending the export ban beyond March 30
There's a shortage of onions in the local market in Egypt, and the prices are too high. A kilo of onions costs around EGP 40 right now.
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Carrefour Honors Five-Year Partnership with the Egyptian Food Bank
Carrefour’s contributions, surpassing EGP 3 million, have provided crucial food supplies, impacting over 15,000 beneficiaries.
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EBRD considers $35 million loan to Arab Investment Bank to support MSMEs
Additionally, the EBRD is considering granting a €165 million loan to Egypt to modernize the electrical grid and reduce pollution.
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Space Tank sets sights on new developments, expansion in Egypt by 2024
The company’s strategy includes analyzing the Egyptian market’s needs to enhance project profitability through partnerships with leading firms.
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Egypt scheduled to pay $32.8 bln in debt service in 2024
Egypt is required to pay $32.79 billion in debt service in 2024, according to data released by the Central Bank of Egypt (CBE).
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Egyptian agricultural exports reach 5.669M tons, up 29.2% during 2022/2023 season
Agricultural exports to Arab countries amounted to 42 percent of the sector’s export volume at 2.355 million tons, valued at $1.314 billion.
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Egypt prepares to export 2 liquefied natural gas shipments to Europe
The shipments will depart from the liquefaction stations in Idku and Damietta in mid-December 2023.
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3 Egyptian startups win $10k grants from Visa, CIB “She’s Next” competition
Three Egyptian startups have been awarded US$10,000 each after finishing in the top three of the She’s Next competition run by Visa and CIB.
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Egypt likely to restructure debt in 2024: Morgan Stanley
Egypt is likely to restructure its debt in 2024 to mitigate the burden of debt service payment through 2025.
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Egypt extends onion export prohibition until 30 March
Recently, onion prices in Egypt have surged to EGP 35 per kilogram in some local markets across Egypt.
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Six banks collaborate on EGP 2bn financing for Abd El Salam El Feky & Partners
EBank plays a pivotal role in this venture, aligning with Egypt’s strategic efforts to transform into a global trade and logistics nexus.
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Food Africa, Pacprocess exhibitions 2023 kick off in Egypt
Egyptian Minister of Trade and Industry Ahmed Samir and Minister of Supply and Internal Trade Ali Moselhi opened the Food Africa 2023 and Pacprocess.
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Kuwait’s Hayat Communications to provide satellite internet in Egypt
Large companies, especially those operating in the desert, and navigation sector, will be the first to benefit from this type of service.
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Egypt's strategic sugar reserves cover 7.8 months: Supply Minister
Egypt’s strategic sugar reserves can cover local consumption needs for nearly 7.8 months, Minister of Supply and Internal Trade Ali Moselhi revealed.
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Hainan Airlines Plans Egypt Return With 787-9s
Nonstop air connectivity between China and Egypt is set to increase further in the new year with the launch of a new route by Hainan Airlines.
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Autodesk International forms partnerships for Egypt’s digital transformation, enhanced service quality
The summit explored the prospects and hurdles of digital transformation across various government sectors.
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Egypt-Brazil Trade Exchange Hit $2.4 Billion
Brazilian Ambassador to Egypt said that that commercial and investment activities between the two countries have steadily increased in the past years.
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Non-oil and petroleum industries drive increases in both exports and imports of 2022, CAPMAS
Non-oil exports saw a 9 percent year-on-year (YoY) growth, reaching $35.50 billion by the end of 2022, up from $32.60 billion.