News
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Boycott campaigns in Egypt: Effective weapon or friendly fire?
FEDCOC issued a statement on Thursday calling for people to suspend the campaign, arguing that it is affecting Egyptian businesses.
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Egypt's fintech firm MNT-Halan raises $130 mln in securitisation
The $130 million securitisation was done through local investment bank CI Capital.
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Italian footwear company Cofra to build €10 mln factory in Egypt
The Italian safety footwear company Cofra plans to build a factory in Egypt with an investment of 10 million euros, Minister of Trade said.
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Military Production Minister, Spain's 'Quimica 21' company discuss bilateral cooperation
State Minister for Military Production Mohamed Saleheldin held a meeting with QUÍMICA 21, discussing boosting bilateral cooperation in various manufacturing domains.
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EGYPTAIR Announces Expansion Plans
EGYPTAIR also launched routes between Cairo and Delhi which started in August, operating four-times-per-week on A320 aircraft.
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Egyptian e-commerce SaaS startup Awfar raises funding from VMS
Egypt-based SaaS e-commerce startup Awfar has secured a six-figure sum from Saudi Arabia-based venture studio Value Maker Studio (VMS) to expand its presence in Saudi Arabia. More details about this collaboration inside.
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Egypt raises local wheat procurement price for new season
The Egyptian Cabinet increased the reference local wheat procurement price from EGP 1,500 to EGP 1,600 per ardeb (150 kg) for the new harvest season.
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Melon & Watermelon Boom: Egypt’s Skyrocketing Exports to Saudi Arabia in 2023
Egypt has doubled its export volumes of melons to the Saudi Arabian market in the first eight months of 2023, including both watermelons and melons, with the upward trend expected to continue till year-end.
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Passenger car sales in Egypt drop 61% YoY in 9 months; rise 15% in September
Passenger car sales in Egypt dropped 61 percent year-on-year (YoY) to 45,917 during the first nine months of 2023 while increasing 15 percent YoY.
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Egypt's green hydrogen outreach paying off in a big way
Egypt is expecting a series of green hydrogen and green ammonia project investments, amounting to $83 billion from international developers...
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Oceania Cruises replaces Israel, Egypt and Jordan calls for 2024
Oceania Cruises has revised its 2024 Mediterranean sailings, substituting ports of call in Israel, Egypt and Jordan amid safety and security concerns.
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Mideast War Turns Spotlight on Arab Gas Pipeline
Despite the Mideast conflict, regional oil and gas flows remain uninterrupted. However, key infrastructure like the Arab Gas Pipeline is under scrutiny.
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Benghazi Chamber of Commerce signs MoU with Egypt’s Matruh Chamber
The signing took place at the Benghazi Chamber’s headquarters which hosted the Chairman and members of the Board of the Matruh Chamber of Commerce.
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Red Sea hosts Iron Man championship with 600 competitors from 52 countries
The Iron Man championship begins in Sahl Hasheesh region with 600 competitors from 52 countries expected to participate over four days.
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Siwa, Dahshur rank among best tourist villages for 2024: UNWTO
The United Nations World Tourism Organization (UNWTO) has ranked Siwa in Matrouh Governorate and Dahshur in Giza Governorate among the best tourist villages and natural spots worldwide for 2024.
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Mohamed Ramadan, Magic System, Yemi Alade Collaborate In The Official Song For Africa Cup of Nations
The song titled ‘AKWABA’ which means welcome in Ivorian parlance.
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Egypt’s central bank to decide on key interest rates Thursday
Monetary Policy Committee (MPC) is scheduled to hold its penultimate meeting for 2023 on Thursday to review key interest rates.
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Egypt completes refining projects worth $5.3bln
“There was a large decline in imports although domestic demand increased from around 20 million to 23 million tonnes per year,” the Minister said.
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Sinai reigns over therapeutic tourism destinations
Sinai remains a top spot in the world for therapeutic tourism, with its unique lands and waters globally reputed for their healing capabilities.
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Turkish Tumosan to open tractor factory in Egypt
Turkey's Tumosan company is poised to build a factory dedicated to manufacturing agricultural tractors in Egypt, read a cabinet statement on Tuesday.