News
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Amid rising demand, what are the challenges facing the elevator industry in Egypt?
The elevator industry — a niche but critical sector — has been under pressure because of the FX shortage and import restrictions
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Maait confirms Egypt's commitment to update its social protection system
Egypt is actively working to enhance its social protection system, aiming for greater flexibility, inclusivity, and sustainability.
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Anchorage Investments to develop $2.5bln petrochemical project in SCZONE
The project aims to contribute to GDP growth, increase foreign direct investments, and support the petrochemical sector in Egypt.
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Geopolitics tensions escalated cost of living, says Minister Maait
Egyptian Finance Minister Mohamed Maait discusses the ramifications of global geopolitics on emerging economies, revealing its contribution to the surge in cost of living due to inflation.
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Maait, Gentiloni Discuss Enhancing Cooperation between Egypt, EU
This came on the sidelines of their participation in the meetings of the International Monetary Fund (IMF) and the World Bank in Marrakesh.
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Unlocking Egypt’s Solar Potential Solar Energy Trends In 2023 And Beyond
Solar photovoltaic (PV) systems have assumed a central role in Egypt’s transition to a sustainable solar energy system.
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Egypt seeks to increase IMF loan to over $5 billion
Egypt is holding negotiations with the International Monetary Fund (IMF) to enhance its rescue program to over $5 billion, according to a report by Bloomberg News.
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Egypt puts 35 state-owned companies in 19 sectors on IPO until June 2024
Egypt's Finance Ministry announces offering up 35 state-owned companies in 19 sectors on IPO from October 2023 to June 2024. Companies have a total estimated value of up to four billion dollars.
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Russia cancels massive industrial zone project in Egypt
The Russian government cancelled the project to build an industrial zone in Egypt's Suez Canal Economic Zone (SCZone).
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Egypt seeks new investments for phosphate projects
Egypt is currently ranked the world’s 10th largest raw phosphates producer and that new reserves estimates could be released this year.
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Egypt plans to elevate tax to GDP ratio without pressurizing citizens: Finance Minister
Egypt's Finance Minister, Mohamed Maait revealed the country's plans of increasing tax to GDP ratio in line with international standards.
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Skills not needed: Egypt's labour market struggles to absorb university graduates
A glut of educated graduates, many in fields with few job opportunities, are proving difficult for the Egyptian labour market to employ.
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Aton Resources drills 14.63 g/t gold over 12 metres at Abu Marawat, Egypt
Eight out of the nine holes targeting the Main Vein zone intersected moderate to high-grade gold mineralization.
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Egypt GASC Purchases 470,000 Tons of Wheat in Latest Tender
Egypt's GASC, the chief grain buyer in the country, has bought 470,000 tons of wheat in a recent tender. This marks the latest development in its wheat procurement endeavours.
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Egypt exempts 12 basic food items from customs duties for 6 months
The Egyptian government exempted a list of 12 basic foods from customs duties for six months, effective on Tuesday, 11 October.
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Egypt Selects Consultants for 34km Cairo Metro Line Design
Egypt's Ministry of Transport joins hands with French consultants Egis and Setec for its Cairo Metro Line 6 project. Will the new 34km line transform Cairo's urban mobility? Read more.
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Egypt identifies 10 sectors for joint investment with Turkey, African countries
Egypt made a significant announcement during the fourth edition of the Turkish-African Economic and Trade Forum in Instanbul, revealing plans to identify sectors for joint investments with Turkey and Africa.
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Egypt’s Ambitious $30 Billion Plan To Integrate 126,000 MW Of Renewable Energy
The study is aimed at determining the necessary enhancements to the electricity transmission network.
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Cashless Transactions in Egypt Will Reach USD 27.63 Billion by 2027
In 2023, Egypt witnessed a 46% increase in non-cash transactions, totalling EGP 10 trillion.
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El Gouna Film Festival Rescheduled: Oct 27 - Nov 2, 2023
El Gouna Film Festival has postponed its upcoming edition amidst disturbing situations. The festival is now scheduled to run from October 27 to November 2, 2023.