News
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Egypt’s average inflation to decline to 27.4 percent in 2024: Report
Egypt’s average inflation is expected to decline to 27.4 percent in 2024 from 34.1 percent in 2023, according to a report by BMI Research.
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Agriculture Min. Reveals Reason behind Rise in Potato, Onion Prices
Al Sayed el-Quseir said that the farmers see the support and effort made by state institutions for the sector as a whole.
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Egypt’s ITIDA signs MoU to expand Siemens Digital Industries operations
Under the MoU, ITIDA will provide Siemens with logistics support for electronics design among other areas to help create new jobs for young Egyptians.
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Egypt to raise minimum wage to $113 a month from January
The last time the government increased the minimum wage was on July 1, when it set it at 3,000 pounds.
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Egypt’s fintech Banknbox raises funding from Disruptech Fund
This investment not only facilitates Banknbox’s expansion into new markets but also enhances its capabilities to meet evolving client needs.
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Egypt plans to export 2.3 mln tons of citrus in current marketing season
The Egyptian Agricultural Export Council has unveiled plans to export approximately 2.3 million tons of citrus fruits during the ongoing market season
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Gold industry is pillar of Egyptian manufacturing: New Egypt Gold
The gold and jewellery sector occupies a prominent role in Egyptian manufacturing, owing to its rich heritage and exceptional quality.
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Dahab Masr, GuRow seal deal to boost gold investment using AI
Dahab Masr has signed a cooperation protocol with GuRow, a financial technology application, to develop the gold market through AI.
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Egypt: President El-Sisi Follows up on New Cities Projects
The President gave directives to complete the new projects within the specified time frame and to ensure that the new cities represent a real addition
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Proposal to facilitate foreign entity registration on EGX approved by FRA
According to the FRA, international entities, including foreign companies and investment funds of diverse types, will be able to benefit.
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SMEs dominate 80% of Egypt’s marketing sector
BrandMix has established a code of conduct for its moderators to enhance service quality and raise awareness.
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Infograph: Egypt’s food, headline inflation records lowest levels in 6 months
Egypt’s food and beverages (F&B) annual inflation recorded 63.9 percent, while headline annual inflation registered 36.4 percent.
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Fitch Revises Misr Insurance Company's National IFS to 'AAA(egy)'
The rating action follows the recalibration of Egypt's National Ratings Table after the downgrade of Egypt's sovereign rating.
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Egyptian PM calls for regular reports on sugar prices
This is following the Ministry of Supply's distribution of thousands of tons of sugar across various governorates.
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Libya’s Ministry of Oil and Gas condemns Egypt-South Korea oil deal
Libyan Ministry condemns Egypt-South Korea deal for exporting Libyan oil via Garjoub without Libya's knowledge or involvement.
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Egypt’s SCZONE attracted $1.7 billion in industrial investments in 2023: Official
The Suez Canal Economic Zone (SCZONE) has attracted more than $1.7 billion in industrial investments since the beginning of 2023.
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Egypt likely to receive $20 bln financing over four years: Report
Egypt is likely to receive $20 billion in loans and investments from the International Monetary Fund (IMF) and other entities over four years.
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Egypt allocates EGP 100.7 billion to manufacturing industries sector in FY2023/24
The Egyptian government has allocated EGP 100.7 billion in investments for the country's manufacturing industries sector during the current FY.
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Egypt's Power Cuts to Be Lifted during Presidential Elections
The ministry has full capacity to provide power for the entire country during the presidential elections, coinciding with the decline in consumption.
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Banking expert advises against new high-yield savings certificates
He argues higher interest rates would not benefit the national economy, banks, or individuals, nor would they aid in achieving inflation targets.