News
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Egypt, Switzerland probe collaboration in healthcare sector
Both sides discussed the possibility of developing the country’s digital healthcare field.
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Citigroup: Egypt’s Geopolitical Position Could Catalyze New Financing in Coming Months
Investment bank Citigroup has expressed optimism towards Egypt's bonds.
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Gold prices in Egypt soar amid regional tensions, currency woes: Gold Bullion
Gold Bullion attributed the local gold price hikes to the anticipation of more escalation in the Middle East region.
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3 Places Across Egypt Where Glamour Meets Camping
Discover peaceful escapes in Egypt where the tranquility of sand dunes and mountains meet glamorous camping. These are perfect tranquil locations to disconnect from the hustle and bustle of the modern world.
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Qatar’s Baladna is planning to invest USD 1.5 bn in Egypt’s dairy industry
The investment will establish a cattle farm with 20k cows with annual production capacity of 300 mn liters of milk.
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President El Sisi reviews key Egyptian economic indicators
Egypt's President El Sisi and economic policy chiefs discuss recent economic developments and plans for reducing commodity prices.
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Insights from Africa's Business Heroes 2021 first place winner Khadija Elbedweihy
The Africa’s Business Heroes (ABH) prize is an annual competition for African entrepreneurs which offers funding, training, mentorship and support.
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Egyptian startup Egrobots wins second place, €15k prize in OSVP competition for emerging projects
Egrobots was one of the 17 finalists who qualified from the local competitions held by Orange subsidiaries in 17 countries.
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Egypt real estate prices jump up to 45% in a year as tourism gains drive property market
Thriving tourism and changes to laws in Egypt are driving the price of property in the country.
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Egypt's Export Reaches $51.6B in 2022: IDSC
Exports from Egypt reached a total value of $51.6 billion in 2022, according to the IDSC. Non-petroleum exports accounted for $35.3 billion.
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Geopolitical tensions propel natural gas prices to 8-month high
Natural gas prices experienced a significant surge to an eight-month high due to geopolitical tensions and uncertainty stemming from the war.
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Belgium's Demi Invests $3 Billion to Produce Green Hydrogen in Egypt
The Prime Minister affirmed the Egyptian government's readiness to provide all support to the project in order to facilitate the company's work.
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Xingxing to Build Two $1.08B Factories in the SCZONE
Xinxing Cathay International Group unveils plans to invest $1.08 billion in constructing two factories in the Suez Canal Economic Zone (SCZone).
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Egypt, China debt swap agreement benefits health and transportation sectors
Egypt’s debt swap agreement with China to bring benefits to health and transportation sectors via new energy projects, technical education improvements and more, says Samir Sabry, Rapporteur of the National Dialogue Investment Committee.
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Israeli war on Gaza drives down Egyptian pound on parallel market: Fitch Solutions
The Israeli war on Gaza has driven the Egyptian pound down to a record low on the parallel market, where it is now trading for EGP 46 against the USD.
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Egypt, East Asia trade exchange hits $34.5B in 2022
CAPMAS reported that the total value of Egyptian exports to East Asian countries witnessed a 15.9 percent increase in 2022, reaching $7.7 billion.
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The India-Middle East-Europe Economic Corridor: Promises and Challenges
The India-led G20 Summit in New Delhi in September set out a program for the establishment of the India-Middle East-Europe Economic Corridor.
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Egypt expects $35B in FDIs within 5 years, GAFI Chairman
The GAFI chairman explained that the government predicts that it will attract around $12 billion in FDIs during FY2023/2024.
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Egypt takes 28th place in new int'l e-mobility readiness index
Emerging as a strong contender in e-mobility infrastructure development, Egypt takes 28th place in global e-mobility readiness. This demonstrates a significant potential for startups in this industry.
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Etisalat and Egypt’s Second Largest Bank Back SuperPay FinTech
Banque Misr, one of Egypt’s largest banks and a leader in electronic payment solutions, has partnered with Etisalat Misr to introduce SuperPay.