News
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Egypt issues MENA’s 1st sustainable Panda bonds at $500 mln
Egypt issued on Monday the first sustainable Panda bonds in the Middle East and North Africa at ¥3.5 billion ($500 million) with a yield of 3.5%.
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Empowering Small Projects: Egypt witnesses growth in microenterprise funding
Project funding in the microenterprise sector has been disbursed across various industries.
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PM: State seeks magnifying benefit of tourism assets
Egypt's Prime Minister Moustafa Madbouly emphasizes on the development of the tourism sector and the enhancement of relevant state assets.
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Egypt’s strategic rice reserves sufficient for six months: Supply ministry
Egypt’s Ministry of Supply and Internal Trade announced it has purchased 250,000 tons of rice to support Egypt’s strategic rice reserves for six month
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FRA launches Egyptian actuarial tables for insurance sector advancement
The Financial Regulatory Authority (FRA), Egypt, has launched the nation's first actuarial tables for the insurance sector.
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Turkish companies to open more textile factories in Egypt
Turkish ready-made clothes and textiles companies are planning to open new factories and stores in Egypt in the coming period.
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Egypt: Kima unveils $297m joint project with Technomont
The board members of Kima greenlighted the Italian company’s offer to implement a project with a daily production capacity of 600 tonnes of acid.
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Banque Misr secures $234 mln loan from IFC to support Egypt’s MSMEs
Egypt’s state-owned Banque Misr has secured a $234 million loan from the International Financial Corporation (IFC).
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Egypt: Transport Ministry to set up 8 logistics zones in Sinai
The logistics zones are part of the state’s major project to develop Sinai.
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Suspension of Egyptian Onion Exports Not Enough to Decrease Local Market Prices
Despite the suspension of Egyptian onion exports due to soaring prices, the local market prices remain high, causing concerns among consumers.
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Abou El-Enein Calls for Establishing Specialized Industrial Cities with Production Specialization within New Investment
Abou El-Enein stressed the necessity of establishing industrial cities specialized in specific industries.
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Egypt: General Company for Silos registers 25.39% YoY profits climb in FY2022/23
GCSS is an Egypt-based company that operates in the food processing industry sector.
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MENA construction sector shows strong performance in H1 2023, led by Saudi Arabia, UAE, and Egypt
Despite global economic difficulties, the construction sector in MENA demonstrated impressive performance in H1 2023.
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EBRD to provide Egypt with €165 loan to develop electricity grid
The European Bank for Reconstruction and Development (EBRD) is to grant a €165 million loan to Egypt to finance the upgrade of the electricity grid.
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ExxonMobil Considers Investing in Marketing, Distributing Petroleum Products in Egypt
The company is investing in two areas to search for gas in the Mediterranean Sea, in which work will begin early in the new year.
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Egypt’s Private Sector Renewable Energy Projects Worth $4.4 Billion: Minister of Electricity and Renewable Energy
Egypt’s private sector is currently handling renewable energy projects worth USD 4.4 billion, aiming to boost the nation's renewable energy capacity to 10,000 megawatts by 2025, announced the Egyptian Minister of Electricity and Renewable Energy.
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Egypt Aims For $9bn Worth Outsourcing Services Exports By 2026
Egypt's Communications Minister announces ambitious plan to export $9bn worth of outsourcing services by 2026, highlighting government's unwavering support for FDI.
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Korean investments in Egypt exceed $800 million: Ambassador
The Korean investments in Egypt exceeded $800 million, while the bilateral trade recorded $3.2 million during 2022.
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Egyptian Sweet Potatoes Dominate the Scandinavian Market
Egypt has taken over as the prime supplier of sweet potatoes to the Scandinavian market, one of the most premium consumer markets worldwide.
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Prime Minister witnesses opening of Saudi-German Hospital in Alexandria
Madbouly inspected various sections and facilities of the hospital, including outpatient clinics, computed tomography, and vascular departments.