News
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Egypt's Unemployment Rate Rises Slightly to 7.1% in Q3 of 2023
The number of unemployed people increased in Q3 of 2023 to 2.263 million people, compared to 2.169 million unemployed people in Q2 of 2023.
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Egypt raises limits on prepaid cards, mobile banking transactions by 100%
CBE has increased daily and monthly limits of transactions on financial inclusion accounts, prepaid cards, and mobile banking by 100 percent.
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China Eastern Airlines to operate direct flights between Shanghai and Cairo
A direct round-trip flight between China and Egypt will be opened and operated by China Eastern Airlines from December 11, 2023.
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Egypt's strawberry production model is resilient to rising costs
The cost of strawberry production in Egypt has risen considerably since last year. This year, the typical production budget is 13 thousand dollars.
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MSMEDA invests LE 50M in Damietta’s furniture industry: MSMEDA CEO
MSMEDA has already injected more than LE 805 million into Damietta Governorate between 2014 and 2023, supporting around 30,000 small and micro project
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Chevron announces resumption of gas flows to Egypt
US energy giant Chevron has resumed natural gas flows through the East Mediterranean Gas (EMG) pipeline from Israel to Egypt.
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Climate change hits home as Egypt swelters in never-ending summer
Temperatures have remained at 30ºC and above since October, nearly 10ºC above the norm for this time of year five decades ago.
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Soaring tobacco prices to ease soon, says CEO of Egypt’s largest producer
Soaring prices of tobacco products in Egypt are expected to ease soon following the latest measures taken by the country to control the local market.
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Qatar commits $1.5 billion investment in Egypt’s industrial sector
Al-Wathiq Billah's highlighted a 47% increase in trade volume between the two countries in 2022, although specific figures were not disclosed.
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Egypt expected to resume LNG exports in December or January
LNG exports this year have been lower as high domestic demand over the summer resulted in very low or zero LNG exports in May-September.
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Digitalizing Duties: Egypt’s Tax System Overhaul
This article delves into the impact of digitalization on Egypt’s tax system from the perspective of taxpayers.
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China’s growing maritime presence in Egypt's ports and the Suez Canal
China's increasing involvement in Egypt's strategic ports is evident through the participation of both private and state-owned Chinese companies.
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Egypt, Switzerland boost investment opportunities
This presentation took place on the sidelines of the African Intra-African Trade Fair (IATF2023) hosted by Egypt.
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Central Bank of Egypt issues treasury bills worth LE 3 billion
The Central Bank of Egypt on Monday launched treasury bills with fixed and variable returns at a total value of three billion LE.
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Steel prices in Egypt reach historic highs
Steel prices reached historic levels in Egypt after key producers raised prices significantly.
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Egypt broaches idea of tapping Indian financial markets
Egypt was keen to diversify funding sources and enter new financial markets, including "the possibility of heading to Indian financial markets,".
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Almost 32.5K companies founded in Egypt in FY2022/23
As a result, 1,555 companies injected more financing into expansion in the past fiscal year. Also, the flow of foreign investment exceeded $10 billion
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Egypt aims to boost petrochemical, fertilizer exports to Africa by 10% in 2024
Egypt plans to increase its exports of petrochemicals and fertilizers to African nations by 10 percent in 2024.
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Egypt's Mercantile Exchange Chairman Reveals Price of Sugar in Market
The local market is witnessing significant increases in the price of a kilo of sugar, with it almost disappearing from food stores.
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Philip Morris hikes price of tobacco products in Egypt by 15-20%
Philip Morris Misr on Monday increased the prices of its tobacco products by 15-20.5 percent.