News
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Commodities Worth USD 63 Billion Released From Egyptian Ports in 2023
The Egyptian Customs Authority (ECA) announced that they are continuing their efforts in expediting the release process.
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Ever greener network towers: a new step forward in Egypt
Egypt is setting itself apart by deploying the continent’s first green tower compatible with the wireless network.
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Egyptian Finance Ministry plans EGP 388.75bn worth T-bills, bonds auctions in December
The Central Bank of Egypt (CBE), acting on behalf of the government, plans to hold 16 T-bills auctions totalling EGP 376bn in December.
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Why Egypt’s Queen Nefertiti is one of the original beauty influencers
The eyeliner industry might just have to thank Queen Nefertiti for turning the cosmetic into a worldwide sensation.
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The Nile River: An Eternal Lifeline Shaping Ancient to Modern Egypt
The Nile River stands as a testament to the enduring significance of natural resources in shaping civilizations.
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Netflix to produce film on Egypt’s bottlenose dolphins
Filming will take place over 18 days at areas where these dolphins live, with the filming team will be accompanied by an expert.
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Turkish textile firm to invest USD 500 mn in new Egypt factory
The company will establish the factory through its local subsidiary KCG Textile Egypt.
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UAE renews $1 bln deposit at Central Bank of Egypt
The UAE has renewed a $1 billion deposit at the Central Bank of Egypt (CBE) for three years to 1 July 2026 instead of 1 July 2023.
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Harnessing power of spontaneous shopping: Insights from Black Friday and Cyber Monday
A Salesforce survey revealed that consumers spent a whopping $1.14trn online globally during the Holiday Season.
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AfDB supports CIB with $148M to prop up SMEs and trade
The AfDB clarified that the instruments and amounts include $10 million Line of credit with a tenor of 10 years.
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Egypt court rules in favor of Centamin, ending 12-year legal dispute
A third-party filed a lawsuit against Centamin in 2011, challenging the validity of the Sukari’s exploitation lease.
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Slovakia to invest in Egypt's oil and gas sector: Petroleum Minister
Minister El-Molla emphasized the petroleum sector's readiness to cooperate with Slovak companies across various areas within the petroleum industry.
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Suez Canal achieves record revenues during November
This year is now the the highest compared to previous Novembers throughout the history of the Suez Canal.
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SCZONE, BEFAR sign letter of intent to establish $2B industrial green complex
The complex is expected to rely on renewable energy sources such as solar and wind power.
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Egypt to sell subsidised bread for non-ration card holders starting January
Egypt's government will start selling discounted bread to citizens not enrolled in its ration card programme, through designated prepaid cards.
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E-payment giant MasterCard inks MoU to digitalize SMEs in Egypt
Global payment technology company MasterCard signed a memorandum of understanding (MoU) with Egyptian e-commerce platform MaxAB.
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Dana Gas plans to expand gas drills in Egypt by $43M investments
The program aims to boost its daily gas production by 30 million cubic, through drilling 11 development wells and three exploratory wells.
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Egypt Targets a $250 Million Jump in Gold Exports by 2024
Ihab Wassef, the head of the Gold and Precious Ores Division, announced this target at the Nubia International Gold and Jewelry Exhibition.
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Contractor starts Sokhna logistics park work
The planned facility will cater to logistics, trading, distribution, value-added and light industrial activities.
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EBRD eyes minority stakes in two banks under Egypt's IPO programme
EBRD is seeking the acquisition of minority stakes in state-owned financial institutions earmarked for privatization in Egypt.