News
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EBRD allocates $2 billion to finance green projects in Egypt during 2023
The European Bank for Reconstruction and Development (EBRD) has mobilized $2 billion to finance development projects in Egypt during 2023.
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FRA reviews progress of voluntary market for trading carbon certificates
Representatives from 35 companies engaged in activities related to carbon certificate trading were also in attendance.
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Video: 3,000 tourists observe sun alignment on King Ramses II’s face at Abu Simbel
Over 3,000 foreign and Egyptian tourists gathered to observe the sun’s alignment on the statue of King Ramses II in Abu Simbel temple.
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Egypt to issue third batch of $500 million Samurai bonds in November: Maait
Egypt is planning to issue a batch of $500 million yen-denominated Samurai bonds for the third time before the end of November.
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Standard & Poor’s lowers Egypt’s credit rating to ‘B-‘
Standard & Poor’s said the downgrade reflects repeated delays in implementing monetary and structural reforms in the country, among other factors.
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China-Egypt cooperation zone contributes to Egypt's industrial modernization
The cooperation zone, while accelerating strategic upgrading, has become a key platform of investment and cooperation for Chinese and Egyptian firms.
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Egypt's GAFI, QNB sign MoU to promote investment
Egypt's General Authority for Investment and Free Zones (GAFI) signed a memorandum of understanding (MoU) with Qatar National Bank (QNB).
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Centamin plans to increase Sukari's gold production by 15 percent until 2032
Global gold mining company Centamin announced a plan to increase the production of Egypt's Sukari mine by 14.74 percent to 506,000 ounces for 9 years.
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Egypt's Transport Ministry Unveils Plan for 25 Dry Ports, Logistic Area
Egypt's Ministry of Transport reveals plans to establish 25 new dry ports and logistic areas across Egypt.
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New CBE Regulations for Easier Credit Card Use for Egyptians Travelling Abroad
The Central Bank of Egypt (CBE) introduces new rules to simplify credit card usage for Egyptians travelling abroad. The steps aim to curb misuse and enhance customer convenience.
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Egypt to Issue $500M in Samurai Bonds Next November
Egypt plans to issue Samurai bonds valued at $500M in November. Samurai bonds are issued in Japanese Yen by foreign borrowers on the Tokyo Stock Exchange.
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Saudi Bashayer could deploy an initial EGP 1 bn to develop industrial land in Egypt
Trade Minister Ahmed Samir and SBC General Manager Mohammad Elsekaily discussed the potential investment on Thursday.
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Egypt, Bulgaria to enhance cooperation across diverse sectors: Trade minister
Egypt plans to enhance economic and trade cooperation with Bulgaria in the coming period, said Minister of Trade and Industry Ahmed Samir on Sunday.
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Enppi, OAPEC sign partner to enhance technical skills across petroleum sector
Enppi and OAPEC ink deal to share knowledge and training in the petroleum industry, boosting cooperation between Egyptian companies and international organizations.
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Egyptian Planning Minister Discusses Investment Opportunities with Japanese Delegation
Egypt’s Planning Minister Hala El Said showcased the country's investment opportunities to a Japanese delegation. The potential areas of cooperation cover various sectors, from infrastructure to hospitality.
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EGYCOMEX Addresses Rising Wheat Prices
On Sunday, the Egyptian Commodities Exchange (EGYCOMEX) hosts session 87.... for trading imported wheat.
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Egypt hosts CEO Women Conference with 22 countries to strengthen economic relations
The second edition of the CEO Women Conference has been held in Egypt. Under the patronage of the Prime Minister, it brought together over 200 CEOs and leaders from both the government and private sectors across 22 countries.
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Egypt’s PM follows up on IPO, reforms program
Prime Minister Mostafa Madbouly reviews Egypt's structural reforms and IPO program, as they play a key role in the government's development strategy, affecting industry, agriculture, and communication technology sectors.
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Egypt Rises as Third Largest Carrot Supplier to EU
Egypt has become the third largest supplier of carrots to the EU market in the MY 2022/23 season, significantly increasing its export footprint.
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Air Arabia launches non-stop flights between Sharjah and Egypt’s Sphinx International Airport
The non-stop flights will connect Sharjah International Airport (SHJ) with Sphinx International Airport (SPX) with a frequency of five weekly flights.