News
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War on Gaza has moderate impact on Egypt’s tourism: Experts
The Israeli war on Gaza has had a moderate impact on tourism to Egypt, particularly in South Sinai, experts told Ahram Online.
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SODIC records EGP 19.8bln in gross contracted sales
Record Q3 on track to another record year with improvement across all financial and operational metrics.
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CBE Offers New Instructions to Facilitate Use of Credit Cards Outside Egypt
The Central Bank of Egypt (CBE) has issued new instructions aimed at making it easier for citizens to use credit cards while traveling abroad.
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Data-related jobs in big demand at Egypt's ITIDA employment fair
Data-related jobs including data analysis, data engineering, data science, and big data, were in big demand during ITIDA fair.
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Egypt's natural gas imports drop to zero from 800 mcfd - cabinet
Egypt’s natural gas imports fell to zero from 800 million cubic feet (mcf) per day, leading to more power cuts, the Egyptian cabinet said.
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aiBANK named “Fastest Growing Bank in the Arab Region” by World Union of Arab Bankers
aiBANK emerged as the clear frontrunner, surpassing its peers and demonstrating its unwavering commitment to excellence.
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Egypt among the Big 5: The wealthiest nations in Africa
South Africa, Egypt, Nigeria, Kenya, and Morocco together account for 56% of Africa’s high-net-worth individuals and over 90% of its billionaires.
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Egypt increases minimum wage for private sector workers to EGP 3,500
The National Wages Council (NWC) has approved raising the minimum wage for private sector employees from EGP 3,000 to EGP 3,500, effective 1 January.
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Egypt to Hold Massive Economic Event in April 2024
The government hopes to tackle the challenges that have been impeding the work of investors and to promote the vast investment opportunities in Egypt.
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Rise of Egyptian dates: historical achievement in Moroccan market
Egypt sets historical record for exporting dates to Morocco in MY 2022/23, becoming the second largest date supplier to Morocco and more than doubling its export volume.
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Oraimo launches first locally made smartwatch, earphones in Egypt
Oraimo, Africa's leading TWS and Power bank brand, inaugurates its first production line in Egypt.
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Egypt Studies Plan to Export Green Electricity to ‘Europe’
The minister added that the climate challenges are accelerating, and this requires increasing investments in renewable energy.
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Egypt, Germany trade exchange hits €5.5B in 2022
Trade volume between Egypt and Germany has reached €5.5 billion in 2022, marking a 7% increase from the previous year. Both countries aim to strengthen their economic ties and boost these figures even further.
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Egyptian stocks attract more investors amidst rumors of devaluation
EGX indices achieved unprecedented jumps during the week that ended on 26 October as devaluation rumours attracted more investors to the stock market.
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Maait stresses importance of enhancing contacts with business community to lure local, foreign investments
Finance Minister Mohamed Maait highlights the need to strengthen ties with the business sector to attract local and foreign investments, aiming to broaden the scope of customs and tax benefits for investors.
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The Egyptian peanut season kicks-off
The Egyptian peanut season kicks off with rising demand and calm competition. A production drop sees the spotlight on quality, with Egyptian peanuts entering a strong-demand market.
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Egypt’s banking sector boosts micro-projects with $1.1bln in financing: Zulficar
According to Zulficar, the microfinance institutions increased their customer base by 2.03% to reach 4.6 million by the end of the Q2 2023.
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Egypt plans 2-GW pumped storage power project
Egypt is setting sights on a major energy project, planning to construct a 2-Gw pumped-hydro power plant, in cooperation with China Energy. A feasibility study for the project has already been signed.
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Egyptian and German trade ministers discuss building industrial zone in SZCONE
The Egyptian Minister of Trade and Industry Ahmed Samir has discussed with its German counterparts building an industrial zone in the SCZone.
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Egypt approves electricity export project MoU with Belgium’s Jan De Nul and EETC
The Egyptian government approves an MoU with EETC and Belgium's Jan De Nul to start a project exporting renewable energy to Europe via a sea line.