News
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Contractor starts Sokhna logistics park work
The planned facility will cater to logistics, trading, distribution, value-added and light industrial activities.
-
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.
-
Hungary's President "Katalin Novák" Rides Train from Egypt's Ramses Station to Giza
The President of Hungary left from Giza station to complete her visit to Egypt according to the specified schedule.
-
Orascom Construction reports consolidated backlog of $6.9bln in 9 months
The company’s consolidated revenues fell 22.5% YoY to $2.365 billion from $3.053 billion.
-
Huawei hosts conference on Egypt's digital energy transformation
Chinese technology giant Huawei organized Tuesday a conference on Egypt’s digital transformation in the energy sector.
-
Chinese glass walls adorn Egyptian skyscrapers
After four years of construction, the modern city is finally taking shape, with a cluster of glass buildings shining like a mirage.
-
Switzerland returns 26 archaeological treasures to Egypt
The items date from between the 3rd millennium BC and the 4th century BC.
-
Egypt : 3.86% Decrease in Manufacturing and extractive index during September 2023
CAPMAS has updated the index methodology using the base year 2012/2013 and at the level of main indices of industrial activity.
-
MSMEDA provides LE 4.1B to fund 128k projects over 10 months in 2023
In terms of supporting small-scale initiatives in North Sinai, Rahmy revealed that MSMEDA invested EGP 240 million in 15,600 projects.
-
Roche Egypt will host the second edition of the Roche Personalized Healthcare Forum
Personalized Healthcare Forum serves as a platform for presenting advanced solutions developed in collaboration with partners from across the region.
-
AfDB approves of new $131M loan to boost economic resilience
The AfDB loan will help Egypt’s goal of attracting $3 billion in financing by the year’s end to bridge a $17 billion financing gap over 4 years.
-
FABMISR reports net profits of EGP 8.2bln for nine-month period ending in September 2023
The net loan portfolio's value recorded EGP 82.935 billion, a 70% increase compared to the end of 2022.