News
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Egyptian building materials exports jumped by 20% in 2023
Within the metal industries sector, there was a growth of 20 percent, with the export value reaching $3.777 billion, surpassing the $3.135 billion.
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Egyptian e-commerce startup WayUp raises seed round of funding
WayUp Sports aims to meet the demand for diverse specialised and performance-based sportswear and equipment.
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Why Egyptomania Is Taking Over Australia
A series of exhibitions in the country spotlight the enduring appeal of ancient Egypt for modern audiences.
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Saudi Arabia seeks to increase trade with Egypt to $100 bln
Saudi Arabia is seeking to increase mutual trade with Egypt to $100 billion, said Second Vice Chairman of the Federation of Saudi Chambers.
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Egypt’s Smart Village evacuates due to chemical leak
Civil protection forces in Giza moved to the Smart Village area after the spread of foul odors suspected of being a gas leak.
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KG Mobility unveils Torres in Egypt
The company held a launching event of its mid-sized SUV in Cairo, aiming to expand the African market.
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Mitsui & Co. takes stake in Egypt’s Wadi Poultry
The Wadi Group holding company operates in food production, chicken processing and animal feed.
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Challenging Egyptian Banking Operating Environment to Continue
The operating environment score is in line with the sovereign rating as operating conditions for banks are highly correlated with the sovereign profil
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Unlocking economic potential: Transforming Egypt’s ports into global hubs
Egypt is working on developing its seaports, which in turn helps boost its economic growth.
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Driving Energy Transition, Security, and Decarbonisation: Egypt Energy Show (EGYPES 2024)
Egypt Energy Show (EGYPES) 2024 is poised to open its doors next February, bearing the theme: "Driving Energy Transition, Security & Decarbonisation.
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Egypt: Pioneers Properties logs higher consolidated profits in 9M-23
Revenues amounted to EGP 4.04 billion in 9M-23, up 5.13% from EGP 3.84 billion during the nine-month period that ended on 30 September 2022.
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Sharia-compliant financing up by 26.5% in September 2023, Islamic Finance Association
Islamic banking witnessed a significant increase of 27 percent year-on-year in September, compared to September 2022’s LE 120 billion.
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Egypt’s iron, steel exports grow by 65% in nine months
Egypt's cast iron and steel exports surged to $1.74 billion in the first nine months of 2023, up by 65 percent, from $1.053 billion.
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CBE studies allowing opening bank accounts via mobile app in 2024
In 2022, the CBE launched its financial inclusion strategy for 2022-2025 to promote financial inclusion in the country.
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Shell announces new gas discovery in Egypt’s Mediterranean Sea
Shell has contracted the Stena Drilling for Mobile Offshore Drilling Unit (MODU) – Stena Forth rig – to carry out the drilling campaign.
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Egypt keen to help Accor expand activities here
Prime Minister Mostafa Madbouly has voiced hope that Accor Group would expand its hotel activities in Egypt.
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Govt should provide more incentives for local industry amid anti-Israel boycott campaign
In order to compete with international brands that are established in the market, Egyptian brands need to launch successful marketing campaigns.
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Tech-enabled cloud kitchen Fork N Knife raises USD 800k in seed funding
The company has started negotiations for its Series A funding round, co-founder and CEO Yasser Nasr Aldin (LinkedIn) said.
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Grand Egyptian Museum opens immersive exhibition themed ancient Egyptian King Tutankhamun
People visit Tutankhamun - The Immersive Exhibition at the Grand Egyptian Museum in Giza, Egypt, on Nov. 20, 2023.
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FinTech and sustainability are key enables of change, Madbouly
Non-banking financial sector has vital role in the local economy, with the government implementing various reforms to support the sector.