News
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Egypt Energy 2023 co-located with FIREX high-level press conference held on October 17, 2023
The panel discussed the importance of Egypt Energy 2023 in accelerating the shift to cleaner, more resilient, and efficient energy systems.
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Egypt could be more of logistical, trade hub for “Belt and Road” countries
Egypt's Prime Minister underscores the country's potential as a logistical and trade hub for Belt and Road Initiative (BRI) countries at a forum in Beijing.
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Planning Minister shares updates on sales of Safi, Jabal El Zeit, and Wataniya
Updates from Egypt's Planning Minister, Hala El-Said, reveal fresh insights into the sales of Wataniya Petroleum, Jabal El-Zeit and Safi.
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Egypt to raise Suez Canal transit fees by 5-15 pct in 2024
Egypt announces an increase in Suez Canal transit fees ranging from 5% to 15% from January 15, 2024. The fees apply to various ships with exceptions for certain containerships.
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Egypt's Sidpec, Nigeria's Rungas to establish gas cylinder factory
Egyptian state-owned Sidi Kerir Petrochemicals (Sidpec) signed an agreement with the Nigerian company Rungas to establish a gas cylinder factory.
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Afreximbank Offers Egypt Financing Worth $29 Billion
This gathering was part of the third "Belt and Road International Cooperation Forum" events and was attended by Dr. Rania Al-Mashat.
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Exclusive: UAE agribusiness in talks to acquire land in Egypt - sources
The deal that could reduce Cairo's dependence on imports of staple crops but also reignite water use concerns.
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The Central Bank of Egypt tightens controls on credit card use abroad
The Central Bank of Egypt has issued new directives to banks, limiting credit card cash withdrawals abroad. This comes amid concerns over misuse.
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Egypt’s $1.8B drilling spree led by Eni
Eni begins drilling Orion-1X well in Egypt's offshore Nile Delta, targeting vast gas and liquid reserves, part of $1.8B drilling campaign.
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Chinese firms plan to launch $2.75 bln industrial projects in Egypt's SCZONE
The Suez Canal Economic Zone (SCZONE) on Tuesday signed a letter of intent (LOI) and three framework agreements with Chinese companies for industry.
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Egypt extends expat car import initiative for additional 3 months
Egypt's House of Representatives extends the expat car import initiative for 3 more months. Expats can import cars tax-free by depositing an equivalent amount in a five-year foreign currency certificate of deposit.
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It's time to unlock potential of Africa, Middle East amid ongoing challenges: SuperBridge Summit in Dubai
Africa has abundant potential that can be tapped to grow and navigate the ongoing global economic crisis, participants in the UAE’s SuperBridge Summit
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Egypt Approaching Water Scarcity Line, Irrigation Minister Warns
The per capita share of water in Egypt has declined, nearing water scarcity due to a large gap between resources and needs, warns Hani Sewilam, Minister of Irrigation and Water Resources.
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Exxonmobil Set to Expand Operations in Egypt
ExxonMobil, the U.S.-based oil and gas giant, is planning to significantly expand its operations in Egypt.
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How currency swap agreements are used to confront financial crises
A research paper by former CBE Governor suggests that currency swap agreements have become an alternative method to deal with financial crises.
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Agriculture Min. Discusses with Italian Counterpart Joint Cooperation on Sidelines of World Food Forum in Rome
The ministers discussed the existing aspects of cooperation between the two countries in the field of agriculture.
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OECD, Egypt collaborate on 21 projects in the 2nd phase of the National Structural Reform Programme
Egypt and the OECD announce their cooperation in a country programme, featuring 21 projects aimed at job creation, business improvements, digital transformation, and more.
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Wataniya stake sale to be complete by 6 weeks, says Planning Minister
The stake sale of Wataniya Petroleum, owned by the National Service Projects Organization, is expected to be completed within six weeks.
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Egypt introduces its first-ever 'Drive Thru' postal service
Egypt inaugurates a novel "Drive Thru" post office in Nasr City. The facility promotes Digital Egypt services along with various government, financial and postal services without customers having to leave their cars.
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China’s Hengsheng Dying Zhejiang to establish $70mln textiles factory in Egypt
To be built on a 200,000-square-meter area, the factory is set to create nearly 1,500 job opportunities.