News
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Telecom Egypt Collaborates with Hungary's 4iG Group for Submarine Cable Establishment
Telecom Egypt and Hungary's 4iG Group sign an MOU for a submarine communications cable between Egypt and Albania, aiming to enhance connectivity and facilitate future expansions in Eastern Europe.
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Egyptian Lemon Exports Hit a New Record in 2023
In 2023, Egypt exported a staggering 100,000 tons of lemons according to Amr Kadah, the export manager at HB Group, highlighting Egypt's favorable lemon cultivation conditions.
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Turkish companies keen to invest in Egypt: Turkish ambassador
Turkish Ambassador to Egypt Salih Mutlu Sen said Turkish companies are keen to invest in Egypt and the government supports economic cooperation.
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Eni Secures Three Exploration Contracts in Egypt
Eni will explore two of the Mediterranean Sea blocks independently while the third will be explored in partnership with bp and QatarEnergy.
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Egypt Post Partakes in Universal Postal Union Extraordinary Congress
The work paths include developing the institutional framework, modernizing products and services, developing the performance of the Advisory Committee
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Egyptian state-run infrastructure firm to establish Saudi branch
The meeting also featured the group’s fiscal year 2023-2024 budget, stating that it had been prepared in light of predicted future trends.
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Egypt Aims to Become a Leader in Low-Carbon Hydrogen Production
Egypt outlines a comprehensive strategy to become a global leader in low-carbon hydrogen production, aiming to increase its stake in global hydrogen trade from 5 to 8%.
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Egypt BoP records $882 mln surplus in FY2022/2023 on record tourism & Suez Canal revenues
Egypt turned a $10.5 billion deficit in its Balance of Payment (BoP) in FY2021/2022 to a surplus of $882 million in FY2022/2023.
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Russia to Start Building the World's Largest Nuclear Reactor in Egypt
Russia and Egypt have announced a joint venture to build the world's largest nuclear reactor, starting October 6. The construction date coincides with Egypt's October War victory holiday.
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Egypt launches first factory for wearable mobile accessories in Africa, Middle East
SCZONE inaugurated Silicon Valley for Electronic Industries (SVEi), the first factory for wearable mobile accessories in Egypt, ME, and Africa.
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Egypt talks with Eni, BP to enhance investment opportunities
Egypt's Minister of Petroleum and Mineral Resources, Engineer Tarek El Molla, discusses business collaborations with CEOs of British Petroleum and Eni.
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Egypt: Al-Sisi sets 2025 deadline for port, railway, and road development projects
The government’s measures aim to protect national security, despite the high costs they incur under difficult circumstances.
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Egypt's government to launch initiative for reducing prices of essential commodities next week
The Egyptian government, in collaboration with the Central Bank of Egypt (CBE), is set to announce next week an initiative for reducing the prices.
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Egypt's 1st green methanol plant to enter service in 2026
Egypt is gearing up to launch its first green methanol plant in 2026, aiming to bolster renewable energy usage and curb emissions, according to the New and Renewable Energy Authority.
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Egypt's non-oil activity contracts in September as backlogs rise -PMI
Egypt's non-oil private sector shrinks for the 34th consecutive month as ports slowdown and weak consumer demand lead to pile-up of backlogs.
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Onion producers from Europe and Central Asia benefit from Egypt’s self-imposed market ban
Egypt's decision to halt onion exports for three months, inspired applause from onion growers in Europe and Central Asia, potentially improving their market stance.
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Tourism Ministry participates in 22nd Egyptology and Papyrology Conference in Italy
The Ministry of Tourism and Antiquities participates in the 22nd Conference on Egyptology and Papyrology in Italy, fostering cultural exchange and furthering research in these fields.
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Egypt required to pay $29 bln in external debt in 2024: CBE
Egypt is required to pay $29.23 billion in external debt service in 2024, with $14.59 billion due in the first half (H1) of the year and $14.63 bln.
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Madinet Masr Breaks Records and Achieves the Highest Contracted Sales in Q3 in its History
Madinet Masr (stock code MNHD.CA), one of Egypt’s leading real estate developers, announced that it has achieved record-breaking sales.
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Thursday 5 October paid holiday for banks in Egypt on anniversary of October War victory
The Central Bank of Egypt (CBE) announced on Monday that Thursday 5 October will be an official holiday for banks.