News
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Egypt's GASC believed to have made wheat purchase in private talks -traders
Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), is believed to have made a wheat purchase in private talks on Tuesday
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Egypt eyes cooperation with Belarus on electric bus production
Egypt's Minister of Transport discussed possibilities of establishing an electric bus factory with the Belarusian ambassador to Cairo.
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Egypt supports exportered by EGP 40.7 bln in 10 years: CAPMAS
Egypt has supported exports by EGP 40.7 billion ($1.32 billion) during the last 10 years, according to data released by CAPMAS.
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IMF lowers growth forecast for Egyptian economy to 3.6%
The International Monetary Fund has reduced its growth forecast for the Egyptian economy in the fiscal year 2023-2024 to 3.6%, down from its previous estimate of 4.1%.
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Chevron halts gas exports via EMG pipeline from Israel to Egypt
The 90-kilometer pipeline is the main link between the Chevron-operated Leviathan offshore gas field and Egypt.
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Egypt's Exports Record Significant Development, Reaching $311.7 Billion in the Last Decade
Egyptian exports have observed remarkable growth, reaching a total value of $311.7 billion over the last decade despite fluctuations.
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Life Louvers Initiates First Project, 'West Woods', Near Giza Pyramids
Life Louvers has started its first venture, the 'West Woods', in the Sun Capital, a key part of Egypt's tourist domain. This masterpiece based in the vicinity of the iconic Giza Pyramids paves way for opulent residential living and urban communities.
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Egyptian banks suspend debit card use in foreign currency abroad
Several local banks suspended on Monday hard currency cash withdrawals and purchases made outside Egypt using debit cards, as per CBE instructions.
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Egypt's Trade Deficit Drops 23.2% in July
The report shows the deficit value of the trade balance reached 2.93 billion dollars during July 2023, versus 3.82 billion dollars last year.
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Egypt's petroleum sector aims to drill 110 exploratory gas wells until 2030
Egypt's petroleum sector is planning to drill 110 exploratory gas wells by 2030 with an investment of approx 4.8 billion dollars.
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Commodity Prices in Egypt to Decline by the Weekend: PM
Egyptian Prime Minister Mostafa Madbouly announces a price cut expecting in several major commodity groups by Saturday. The planned price fall ranges from 15%-25%.
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500 Global in Egypt announces scale up program’s first batch and showcase event
Program for Pre-Series A and Series A Startups Begins with 3-Day Founder Retreat.
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Amenli Raises $1 Million Equity Funding Round
Egypt-based insurtech, Amenli, has secured a fresh $1 million equity funding round led by Alter Global.
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China's Xiaomi launches new smartphone in Egypt
Chinese smartphone giant Xiaomi has unveiled its latest device, the 13T, in Egypt. The new device, which features a 50MP camera and updated imaging algorithm, was launched at a ceremony in Cairo.
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Egypt to suspend customs on essential goods for 6 months: PM
Prime Minister Mostafa Madbouly, in collaboration with the Ministry of Finance, announced that the government will suspend duties on essentials.
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Egypt first to achieve 'gold tier' status towards hepatitis C elimination
Egypt stands as the first nation to reach 'gold tier' status in eliminating hepatitis C, per WHO's guidelines, thus targeting a full elimination of mortality and incidence by 2030.
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Egypt aims to capture 5-8% of global green hydrogen market: Electricity Minister
Egypt's Electricity Minister, Mohamed Shaker, reveals that the country is finalizing its strategy for low-carbon hydrogen production. Egypt plans to secure 5-8% of the global green hydrogen market.
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First Desiro HC Electric Multiple-Unit Arrives in Egypt
Siemens Mobility delivers the first of 94 Desiro High Capacity electric multiple-units to Egypt on September 25, marking a significant milestone in Egypt's railway modernization initiative.
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Egypt plans oil projects worth $4.5bln
According to the report, the strategy also focused on “turning Egypt into a regional oil and gas marketing centre.”
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ITIDA CEO participates in Techne Summit, shares agency’s efforts in supporting local startups
ITIDA's CEO, Eng. Ahmed Elzaher, emphasizes the agency's efforts to support Egypt's young startups at the Techne Summit 2023.