News
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Egypt's currency dilemma spurs real estate export revival
The Egyptian government is wrapping up an initiative to sell real estate units in foreign currency to foreigners and expats.
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UAE’s DP World starts building $80 mln logistics park in Egypt's Ain Sokhna
The UAE's major logistics firm, DP World, has commenced construction on a logistics park in Egypt's Red Sea industrial and tourist hub, Ain Sokhna.
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Egypt's transport ministry reveals details of prospective Gargoub Port's economic zone
The port's quays will be expanded to stretch on a total of eight kilometers - located on the Mediterranean in Matrouh governorate.
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Egypt's “e-finance” Signs Cooperation Protocol with IBM to Establish Digital Banking Platform
The platform aims to provide and make digital systems and services available to banks and financial institutions.
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Egypt's Nilesat receives ISO certificate for quality management
France-based certification company Bureau Veritas awarded Egyptian Satellite Company (Nilesat) the ISO 9001:2015 certificate for quality management.
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Ramses exhibition serves as valuable tool to promote Egyptian tourism: Cultural Tourism Marketing Committee
The exhibition started on November 16 in Sydney, Australia. It showcases 182 antiquities direct from the pyramids and museums of Egypt.
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Telecom Egypt : selects Raya Information Technology to implement the second phase of the Regional Data Hub to meet growi
Under this collaboration, Raya IT's experience team will provide a range of services for the new RDH phase.
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AfDB approves $131 mln loan to boost Egypt's private sector, green development
The African Development Bank (AfDB) approved a $131 million loan to Egypt with the aim of bolstering the government’s efforts to boost private sector.
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ACE takes down major piracy service in Egypt
In a collaborative effort with Egyptian law enforcement, the Alliance for Creativity and Entertainment (ACE) has shut down CimaClub.
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Egyptian citrus prices will be more competitive than those of Turkey and Greece
An increase in prices is necessary to cover increased production costs, and to reflect the quality of Egyptian citrus this season.
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Starbucks Egypt 'lays off workers' amid pro-Gaza boycott campaign
Starbucks has not operated a franchise in Israel since 2003 but has been a target of boycott campaigns for the MENA region.
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Egypt, South Korean STX sign MoU to develop Jarjoub port and economic logistics zone
Egypt has recently entered into a memorandum of understanding (MoU) with the South Korean company STX to develop the Mediterranean port of Jarjoub.
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Nutanix, Cisco collaborate to fuel business transformation, hybrid multicloud adoption in Egypt
Together, Cisco and Nutanix aim to deliver the industry’s most complete hyper-converged solution for IT modernization.
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Factbox: Hassan Abdalla's monetary policy as head of CBE
Egyptian President Abdel-Fattah El-Sisi recently decreed the formation of a new board of directors for the Central Bank of Egypt (CBE).
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Egypt launches Golden License portal: How to apply?
Egypt’s General Authority for Investments and Free Zone (GAFI) announced launching the first phase of the single-window approval “Golden License”.
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Egypt, UN mull creating platform to promote rural tourism
Egypt’s Ministry of International Cooperation held a meeting with UN officials on Saturday to discuss the proposal.
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Majid Al Futtaim Holding Group to invest $1B into Egyptian markets
The company has a strategy to expand the number of Supeco stores, which offer wholesale prices, to 144 by 2030.
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From Nile to Iberian shores: Egypt’s unprecedented orange export boom to Spain
Egyptian exporters delivered impressive 97,500 tons of oranges to the Spanish market in the first 11 months of the MY 2022/23.
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Gold Era plans to invest $32mln in a new gold factory in Egypt
Chairman John Luca told Zawya Projects that company will invest EGP500 million ($16 million) to develop production capacity.
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Sisi announces new CBE board of directors
President Abdel-Fattah El-Sisi has issued a presidential decree, announced on Sunday, to establish a new board of directors of the CBE.