News
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All you need to know about Egypt’s first electric car
A member of the Chamber of Commerce’s Car Import Division al-Abdul Salam Nusair explained that production of first electric car by Al-Nasr Automotive.
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EgyptAir launches a promotional campaign on London taxis
EgyptAir has started a promotional campaign on several London taxis in Britain as part of its participation in the World Travel Market (WTM).
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Egypt, Venezuela discuss cooperation opportunities in oil, petrochemical sectors
The Venezuelan Minister expressed his satisfaction with the “fruitful meeting” he had with several Egyptian petroleum companies.
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Egypt: Aman unveils capital hike and further expansion plans
It will also reinforce Aman’s commitment to its digital transformation journey while anchoring its position in the Egyptian market.
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Egypt: Elsewedy Electric’s consolidated profits hike 161% YoY in 9 months
The company also generated consolidated revenues of EGP 108.804 billion from January through September this year.
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Foodics in Egypt partners with Suplyd to automate procurement & supply chain for restaurants
The partnership will integrate Suplyd's procurement platform with Foodics' restaurant management system, creating a first-of-its-kind experience.
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Egyptian company invests over $640mln in gas development projects
The projects were reviewed on Tuesday by the general assembly of EGAS, which comes under Oil and Mineral Resources Ministry.
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ACWA Power to begin construction of Egypt’s largest wind farm in 2024
Saudi ACWA Power is planning to start the construction works of Egypt’s largest wind farm in early 2024, Al Mal News reported on November 7th.
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Dollar price in Egypt rises to LE48 up from LE42 last week
The price of the U.S. dollar in Egypt has risen by at least five pounds, surpassing LE47 according to the Masrawy website and reaching LE48 as per the Al-Sarf Al-Youm website.
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Egypt bourse’s main index reaches all-time-high on Wednesday; gold prices rise
EGX main index EGX30 reached an all-time high on Wednesday, helping the market cap gain EGP 35 billion.
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Huawei inks 3 deals to support digital transformation in Egypt’s petroleum sector
The cooperation agreement will see the implementation of on-the-job training programs.
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MoU signed for Egypt to contribute to port development in Mauritania
A cooperation protocol was signed by the Egyptian Company for Maritime Transport (MARTRANS) and Mauritania's United Group for Development, for port development.
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Towards a Green Future: The Impetus of Angola-Egypt Relations
Beyond shared economic and infrastructural goals, the Angola-Egypt relationship show the pursuit of sustainable green energy and climate resilience, with green hydrogen at the forefront.
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Egypt extends zero-custom gold import initiative by another 6 months
The Egyptian Cabinet approved on a Wednesday meeting extending the zero-custom initiative for gold imports by Egyptians abroad for six months.
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TransIt, Bosch sign MoU on smart container control systems at Egyptian seaports
TransIt, a company owned by the Ministry of Transport, has signed a MoU with Bosch to investigate the integration of smart container control and monitoring systems at Egyptian seaports.
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Dana Gas to invest $80-100mln in Egypt
The firm, which operates in Egypt, Iraq and other countries, is also planning to drill 11 new oil wells in Egypt as part of its expansion plan.
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New increase in Egypt’s cigarette prices announced
The price of the Cleopatra Box (10 cigarettes) rose to LE20, compared to LE15 previously, while Cleopatra King Size cigarettes have risen to LE27.
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Egypt to sign 4 agreements for auto manufacturing
Egypt's Supreme Council for Vehicle Manufacturing is set to sign four partnership agreements with various companies.
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Egypt forecasts LE70B in revenues from IPO program by end of fiscal year
Egypt is expecting to generate LE70 billion in revenues from its government IPO program. IDSC stresses the importance of governance, transparency, and market regulation for competitiveness.
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Egypt Recognizes All Jordanian Universities
Egypt's Ministry of Higher Education and Scientific Research affirms that Egypt's Supreme Council of Universities recognised all Jordanian universities. A major move expected to strengthen student recruitment strategies for 2023-2027.