News
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Egyptian billionaire to develop large city in Iraq
Ora Developers, is negotiating with Iraqi governmental agencies to build an entire city outside Baghdad with very huge investments.
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Emirati energy giant Mubadala seeks to expand in Egypt
Al-Hamed said that the new investments will be in energy and decarbonization projects, adding that his company is committed to ongoing expansion.
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Health Minister briefed on ‘smart hospitals’ experience during China visit
The Minister also listened to a detailed explanation from one of the hospital’s officials about the employment program of the hospital.
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UAE's ENEC, Egypt’s Nuclear Power Plants Authority sign MoU at COP28
The MoU sets the framework for the two entities to explore opportunities for cooperation in advancing the use of peaceful nuclear energy.
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EDEX 2023: Egypt’s AOI, France’s Safran Engines sign agreement for aircraft engine maintenance, manufacturing
This agreement marks a significant step forward in Egypt’s localization of advanced manufacturing technologies in the defence industry.
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CBE: Egypt's Foreign Reserves Rises to $35.173 Billion
Egypt imports the equivalent of an average of $7 billion a month in goods and products from abroad, with an annual total estimated at more than $70bn.
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Starbucks Loses $12 Billion amid Boycotts over Israel-Gaza War
Starbucks is an American multinational chain of coffeehouses headquartered in Seattle, Washington, with over 35,711 stores in 80 countries.
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Inflation in Egypt expected to decrease in 2024 due to Egyptian pound movement: report
The exchange rate of the Egyptian currency will remain within the range of 31 pounds to the dollar at the beginning of next year.
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Military production min: We are keen on boosting cooperation with Russian companies
This came during his meeting on Russia’s “Rosoboronexport” representatives on the sidelines of the third edition of Egypt Defense Expo “EDEX 2023”.
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Amira Adeeb to star in her first Hollywood movie, ‘No Nation’
The Egyptian actress expressed her joy at taking this next step in her career.
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11 Must-Visit Restaurants in Cairo
Cairo has a vibrant dining scene that celebrates Egypt’s cuisine and culture. Now more than ever, restaurants across the city have blossomed.
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Egypt joins China’s ILRS moon base initiative
Areas of cooperation include joint research in lunar and deep space exploration, the development and launch of spacecraft.
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AHK Gold Company initiates drilling operations in Egypt's Wadi Dabur region
Egyptian businessman, Naguib Sawiris announced, through a tweet on X, that the initial drilling aims to cover 10,000 meters within two months.
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Egypt's net int'l reserves record $35.173B in November: CBE
In October, Egypt's NIR also witnessed a growth, to reach $35.1 billion compared to $34.97 billion in September, as reported by the CBE.
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Egypt's Suez Canal Authority to co-establish boat manufacturing company
Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats.
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Egypt in discussions with IMF for additional funding
The IMF is currently discussing with Egyptian authorities providing additional financing to ensure the successful implementation of the policy package
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ITIDA prioritises human resource training in collaboration with private sector
Nabil underscored the importance of equipping the workforce with competitive IT skills for global service provision.
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Egypt’s revenues rise steadily in recent years: Infographic
The Egyptian government’s revenues surged 29.5 percent year-on-year to EGP 335.13 billion ($10.83 billion) during the first three months of FY23/24.
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Egypt, Saudi Arabia sign MoU during EDEX 2023
The International Defense Industries Exhibition EDEX 2023, held in Egypt in its third edition from December 4-7
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TFSE assigns Tractebel as advisor on wind power plants sale
In July 2023, local media announced that Actis is set to acquire the state-owned Gabal El Zeit wind farm.