News
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Egypt refutes rumors on food crisis due to Gaza war
The Egyptian Cabinet’s Media Center has refuted rumors of a food crisis and shortage in strategic supplies due to the ongoing Gaza war.
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Trade minister, German-Arab Chamber of Industry examine future coop opportunities
Egypt's Trade Minister and German-Arab Chamber of Industry are exploring opportunities for economic cooperation.
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100,000 Egyptian expats register for zero-customs car import initiative: Maait
Egyptians living abroad or their families can conveniently apply for the zero-customs initiative through Android and IOS platforms.
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Sunken Temple and Sanctuary From Ancient Egypt Is Filled With Treasures
Underwater archaeologists led by Franck Goddio discovered a submerged Egyptian temple and Greek sanctuary filled with ancient treasures, part of the sunken city of Thonis-Heracleion.
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Egypt to submit new income tax amendments for community dialogue
Egypt's Minister of Finance Mohamed Maait announced that draft legislation amending the income tax law will be presented for community dialogue soon.
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Danish Vestas begins trial operations at its $269mln wind farm in Egypt
Vestas will be in charge of the wind farm’s maintenance for three years as of commercial operation.
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Egyptian stock exchange to launch new Sharia-compliant index by first half of 2024
Companies must adhere to Islamic Sharia law in their operations, accounting, and finances to be listed in the index.
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Egypt said to buy around 100,000 metric tons white sugar in tender
It was bought from Wakalex on behalf of ED&F Man and also from Savola Egypt at estimated $780 a metric tons CIF.
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Egypt's Exponential Rise in Exports to Saudi Arabia in 2023
Egypt's exports of melons to Saudi Arabia has doubled in just eight months of 2023, setting new records for the year.
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Egypt receives 1.3 million tourists in October
Egypt received 1.3 million tourists from 80 countries in October -- an 8 percent increase from October 2022 -- despite the geopolitical tensions.
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SCZone to Launch Digital Platform for Customs, Logistics Services
El-Din stated that the economic zone aims to develop its ports and benefit from the integration between ports and industrial zones in global markets.
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Egypt’s ECSM opens high-speed rail concrete ties factory
The factory will use locally sourced raw materials to produce the high-speed rail ties and thus conserve Egypt’s foreign exchange reserves.
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Siemens Energy and DAI join forces for green ammonia project in Egypt
In a major step towards green energy innovation, Siemens Energy and DAI have joined forces for a green ammonia project set to position Egypt as a regional hub for green fuel production.
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Egypt Imports Rare LNG Cargo Amid Scarcity of Israeli Gas
Egypt receives a scarce LNG shipment at Ain Sukhna Terminal due to a shortage in Israeli supplies. This comes as the country encounters continuous power outages, leading the government to search for other resources.
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SCZONE, China agree on 11 projects with $15.6B investments
China agrees to invest $15.6B in 11 projects with the Suez Canal Economic Zone (SCZONE), as a result of a promotional tour led by the SCZONE Chairman.
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Egypt moves to shore up tourism sector in shadow of Gaza war
Ratings firm S&P Global warned on Monday that a fall in tourism due to the Gaza war could cause significant problems in Egypt, Jordan and Lebanon.
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INTERVIEW: Egypt gateway to African, European, ME markets for trade, investment: Korea’s KOTRA’s director general
There are around 40 Korean companies are actively operating in the Egyptian market.
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Egypt kicks off trial operation of monorail and stations on the third line of the metro
The East Nile Monorail connects Nasr City to the Administrative Capital and exchanges service with the third line of the metro at the Stadium Station.
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Egypt to tender airport operation contracts to private sector: PM
Egypt plans to offer private companies contracts to manage and run airports, Prime Minister Mostafa Madbouly said on Sunday.
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Siemens Mobility redefines Egypt's rail landscape with innovative rail solutions at TransMEA 2023
Siemens will soon complete the manufacturing of Egypt's first high-speed Velaro Train (230km/h) in Germany.