News
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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.
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Egypt implements $2.5B deals to exit state within “IPO” program
Egypt takes a major step towards aiding the increase of foreign exchange flows with deals worth $2.5 billion in its IPO program.
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Egypt is Largest Date-producing Country in World
The minister said that the date crop in Egypt represents a strategic crop, as Egypt ranks first on the global level in terms of production.
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Intro, Siemens to build 300 MW CHP power plants in Egypt and Middle East
Intro Sustainable Resources has inked a cooperation protocol with Siemens Energy to establish a complex of highly efficient combined heat and power.
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Egypt growth seen slowing, currency slipping further: Reuters poll
Egypt's economy will grow slower than earlier predicted as inflation eats into purchasing power and the Egyptian pound weakens.
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S&P downgrades Egypt's credit rating to B-, changing outlook to stable
S&P Global Ratings agency has downgraded Egypt's long-term sovereign credit rating in local and foreign currencies to B- from B.
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Chemical and Fertilizers Export Council, Tabseer partner to facilitate Egyptian exports to KSA
Egypt's Chemical and Fertilizers Export Council (CEC) enters into an agreement with Tabseer from Saudi Arabia to facilitate access to Saudi market for its members.
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Petroleum Min. Discusses with "Honeywell" Production of Sustainable Aviation Fuels
The production capacity of the project is estimated at 120,000 tons annually of sustainable aviation fuel product.
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Egypt's Decline in Fruit and Vegetable Exports in Early October 2023
Egypt sees a decline in fruit and vegetable exports to Saudi Arabia, Morocco, and Italy in early October 2023, with exports dipping 5 percent and 18.1 percent respectively.
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Air Arabia announces flights from UAE to Giza, Egypt
Air Arabia will fly five times a week from the UAE to Giza in Egypt.
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Egypt to Issue 5G Network Licenses in December
The Egyptian government announces plans to distribute licenses for 5G mobile networks in December. Costs could reach $500 million, with extended acquisition dates offering companies flexibility in securing finance.