News
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Exclusive: Egypt in talks for Emirati funding to buy Kazakh wheat, traders say
Egypt is in talks with an Abu Dhabi-based bank for a loan facility that would finance wheat purchases from Kazakhstan, three traders told Reuters.
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S. Korea to Impose Anti-Dumping Duties on White Cement from Egypt
South Korea has decided to implement anti-dumping duties against white cement imports from Egypt aimed at preventing potential damage to the domestic industry.
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Tripartite Cooperation Mechanism Held between Egypt, Greece, Cyprus at Ministerial Level
Egypt, Greece, and Cyprus conduct Tripartite cooperation mechanism at the 78th UNGA session in New York, further highlighting their strategic ties.
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Egypt, Brazil discuss boosting ties in different fields
Foreign Minister Sameh Shoukry met with his Brazilian counterpart Mauro Vieira at the United Nations General Assembly to discuss ways to strengthen Egyptian-Brazilian relations.
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Egyptian director Amr Salama on jury of International Emmy Awards
Egyptian director Amr Salama will sit on the jury of the upcoming International Emmy Awards 2023, which will be announced in November.
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Sunken Sanctuary of Aphrodite and Temple of Amun Discovered in Egypt
Underwater archaeologists have unveiled ancient religious finds off Egypt’s Alexandria coast. This includes remnants of a temple dedicated to the god Amun and a sanctuary for the Greek goddess Aphrodite dating back to 500 BC.
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Egypt to establish tyre factory with 1 bln euro investment -cabinet
Egypt is set to establish a tyre factory in the Suez Canal Economic Zone with an investment worth of 1 billion euros, according to a cabinet statement.
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Egypt to launch $5bln in projects to boost economic growth
The government will implement a package of 27 reform measures divided into three main areas: asset sales and IPOs, attracting private investments.
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Petroleum Ministry: 120 Countries Participate in EGYPES 2024
120 countries are slated to partake in EGYPES 2024, the largest global energy conference, as confirmed by Egypt's Petroleum Ministry.
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Egypt’s Health Insurance Startup Sehatech Garners $850K in Funding
In the rapidly digitizing world, Sehatech, an emerging health insurance startup from Egypt, has successfully clinched funding of $850,000.
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Egypt Grants Golden License for Electric Vehicles & Gas Expansion Projects
This expansion will span about 33 acres within the Renaissance Industrial Zone in Al-Amiriya, Alexandria Governorate.
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Kuwait’s KUFPEC acquires 40 percent in Shell Egypt’s Nile Delta offshore block 3
Kuwait Foreign Petroleum Exploration Company (KUFPEC) signed an agreement with BG International, a subsidiary of Shell.
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KOICA, Egypt sign $8M agreement to enhance educational capacity of Beni-Suef Technological University
KOICA and Egypt forged an $8M deal to boost Beni-Suef Technological University's capacities, aiming to provide the Egyptian labor market with skilled manpower.
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Egypt mulls importing 500,000 tons of wheat from France, Bulgaria
This came after Russia halted supplying wheat, objecting to the pricing of a mega-deal, the sources added.
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Egypt Regains Top Spot as Largest Mango Exporter to Saudi Arabia in 2022
Egypt has reclaimed its status as the top mango exporter to Saudi Arabia in 2022, setting a new record in shipments and maintaining high export levels in H1.
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Saudi Egyptian Investment Company Acquires More Stakes in E-Finance
The Saudi Egyptian Investment Company (SEIC), the Egyptian investment arm of KSA’s Public Investment Fund (PIF), is set to increase its stake in state-owned FinTech e-Finance from 25% to 28%.
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Egypt's banks set for four-day holiday to celebrate Moulid El-Nabi
The Central Bank of Egypt (CBE) announced on Wednesday a four-day holiday for banks, starting 28 September, to celebrate the Moulid El-Nabi.
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Egypt raises GDP Growth Target for FY2023/2024 to 4.4 percent
Egypt has increased its economic growth rate target for the fiscal year (FY) 2023/2024 to 4.4 percent from the previously targeted 4.1 percent.
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OPEC Fund allocates $10M to support commodities imports in Egypt
The OPEC Fund for International Development supports food security in Egypt with a $10 million allocation for commodities imports. This is part of a $200 million trade finance facility in collaboration with ITFC.
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Egypt's GASC Bids to Purchase 120,000 Tons of Romanian Wheat
GASC said on Wednesday it bought 120,000 metric tons of Romanian wheat in an international tender.