News
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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.
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Egypt allocates $3.2bln in FY2023/24 budget to develop educational services
The country will also establish 31 Egyptian-Japanese schools, in addition to 10 applied education schools.
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Egypt's committed to achieving sustainable development goals
Minister of Planning and Economic Development Hala al-Said announced that Egypt is committed to achieving the sustainable development goals.
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Dice Sports and Casual Wear receives preliminary offer for 90% stake acquisition
A consortium led by Toma for Commercial and Industrial Investments, along with Maged Toma, is interested in acquiring 90% of Dice Sports and Casual Wear, worth over LE 1.1 billion.
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Egypt ranks fourth globally in herbal medicine exports for 2022
Egypt emerges as a global leader in herbal medicine exports, ranking fourth worldwide in 2022. Discover the trend towards alternative medicine, driven by affordability and accessibility.
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Egypt's First Integrated Genetics Laboratory Has Just Opened
The project is part of a larger national strategy for the early prevention and treatment of cancer.
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AUC receives US$85 mln grant to develop higher education
The American University in Cairo secures a grant of US$85 million from the United States Agency for International Development to foster educational growth.
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Head of Egypt's new capital sees IPO in first half of 2024
Egypt plans to float 5 to 10% of the shares of the company building its new capital east of Cairo in the first half of 2024, according to the company's chairman.
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Egypt: MSMEDA, Tamweely join forces to support micro-projects in desert villages
The contract aims to expand and establish micro-projects in 30 desert villages in four governorates: Kafr El-Sheikh, Beni Suef, Minya, and Aswan.
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‘Biden Corridor’ will only take 0.1% of Suez Canal’s trade: SCA chairman
The Chairman of the Suez Canal Authority, Osama Rabie, has assured the 'Biden Corridor' will only take away a tiny piece of the Suez Canal’s transit flow, no more than 0.1 percent.
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Cityscape Egypt 2023 expo kicks off on Tuesday with 70 local, int’l participants
Egypt's largest real estate exhibition Cityscape 2023 kicks off tomorrow with attendance from over 70 local and international real estate developers.