News
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Fire Contained in Warehouse at Cairo Airport
Civil protection personnel affiliated with the General Administration of Cairo Air Port Police were immediately able to control the fire at the time.
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Egypt Post reports EGP 4.4bn surplus for FY 2022/23
The Authority has embraced financial inclusion and digital transformation across all operations, significantly enhancing service quality and variety.
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Fewer exports widen Egypt’s trade deficit by 10.3% in September
Egypt’s trade deficit increased by 10.3 percent to reach $3.24 billion in September compared to $2.84 billion in the same month last year.
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Middle East and North Africa supply about one-third of global LNG
Qatar is one of the three largest LNG exporters, averaging 10.3 billion cubic feet per day (Bcf/d) during the last 10 years.
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Hilton hatches hotel for Egypt’s New Administrative Capital
Taking shape in the new city’s Central Business District on the eastern outskirts of Cairo, Hilton Cairo New Capital Tower is to open in Q1 2026.
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Egypt's constructive involvement shines at COP28
Egypt finalized crucial agreements, MoUs, and initiatives spanning green energy, climate action, and gender equality during the first week.
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EgSA: Launch of experimental satellite NExSat set for Jan 30
The remarks were made on Tuesday 5/12/2023 on the sidelines of the launch in China of the Egyptian remote sensing MisrSat-2 satellite.
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Suez Canal: Tugboats Working to Tow Container Ship after Malfunction
This came on Wednesday during ship's crossing of the canal as part of the southern convoy on its journey coming from Singapore to the Netherlands.
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Higher debt service bill to widen Egypt’s budget deficit in FY2023/2024: Report
Egypt’s budget deficit will increase by one percent in the fiscal year (FY) 2023/2024 to account for 7.1 percent of GDP, up from 6.1% in FY22/23.
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Egypt's Supply Min. Advisor Arrested over Sugar Corruption Scandal
Administrative Control Authority uncovers a corruption network in the Ministry of Supply, headed by the Advisor to the Minister and includes 8 people.
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Egypt, Arab nations successfully register metal engravings on UNESCO heritage list
This came during the meeting of the organization’s Intergovernmental Committee, at its 18th session, currently being held in Botswana.
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AUC Business School dean appointed on CBE board of directors
AUC announced that Sherif Kamel, dean of the School of Business Administration, has joined the Board of Directors of the CBE.
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Egypt considers issuing bonds in Indian rupees worth US$500 million: Finance Minister
Egypt is also considering issuing a second “sukuk” tranche and issuing sustainability bonds ranging from $500 million to one billion dollars next year
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Egypt's Petroleum Min. Discusses Boosting Mediterranean Gas Production with ENERGEAN
The meeting also saw discussions on ways to support cooperation on removing carbon from the various stages of the natural gas value chain.
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Egypt's ICT sector marks fifth consecutive year of remarkable growth in FY2022/23
The sector recorded a remarkable 16.3 percent growth in FY2022/2023, marking it as the country's fastest-growing sector for the fifth consecutive year
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Egypt :10% Increase in Number of Livestock
Amount of meat resulting from slaughtered livestock reached 803 thousand tons in 2022, compared to 726 thousand tons in 2021, an increase by 10.6%
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Egypt’s Mtor nabs $2.8M pre-seed for its online auto parts marketplace
Other investors that participated in the round include Dutch Founders Fund, Aditum Ventures, LoftyInc Capital and other local and global investors.
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Egyptian magnate Nassef Sawiris mulls relocating family office to Abu Dhabi
Egyptian tycoon Nassef Sawiris is considering moving his family business entity, NNS Group, to the Abu Dhabi Global Market (ADGM).
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Egypt’s MisrSat 2 satellite launched into space
The Egyptian team succeeded in implementing a component of the satellite, making this the first Egyptian product launched into space.
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First hybrid potato trial shows promising results for Egypt and the region
Egypt is gradually becoming one of the fastest growing exporters of potatoes. Many freshly harvested potatoes from this region are imported in the EU.