News
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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.
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2nd Egypt Fashion Awards Winners Announced
The winners of the 2nd edition of the Egypt Fashion Awards were announced in a ceremony at the Mall of Arabia.
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BP Secures Offshore Exploration Block in Egypt
British Petroleum (BP) wins a bid for offshore exploration in Egypt. The oil giant secures this as part of the 2022 International Bid Round by the Egyptian Natural Gas Holding Company.
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Egypt’s Sovereign Fund reportedly preparing MIDAR for 2024 IPO
MIDAR, added to TSFE’s Pre-IPO fund earlier this year, is reportedly being prepared for a potential IPO in 2024. Further details undisclosed.
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Vueling to up Spain schedule and offer Egypt, Jordan and lapland this Winter
For winter 2023/24, Vueling will operate new Saturday routes to Luxor and Sharm El Sheikh in Egypt, via Barcelona.
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Egypt introduces 14 new laws to stimulate the investment sector
Egypt's government, led by Prime Minister Mostafa Madbouly, introduces 14 legislations aiming to enhance the country's investment climate.
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Egypt invests $300 bln in developing submarine cables system
Egypt invests more than $300 billion in developing the network of internet submarine cables, said Minister of Communications.
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East Nile Monorail to undergo trial operation on November 5
The East Nile Monorail is to begin a trial operation on November 5, with no passengers, in Arad al-Maared and al-Manara.
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AAIB launches savings certificate with highest investment return among banks
The Arab African International Bank (AAIB) has introduced a new savings certificate providing the banking market's highest investment return, as announced in an official statement.
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Creative Summit Festival 2023 Wrapped up at Cairo Business Park
The annual Creative Summit, fostering creativity, innovation and entrepreneurship, concluded at Cairo Business Park. The summit is a collaboration between Creative Summit and Misr Italia Properties.
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Egypt Achieved Self-sufficiency in 7 Agricultural Crops: Minister
The Egyptian state had paid great attention to this sector by the support of President Abdel Fattah Al-Sisi for this sector.
