News
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Esri NA signs deal to provide Egypt with GIS programs
The came during the Minister of Communications and Information Technology Amr Talaat’s visit to the US.
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Finance Min.: 11 Million Egyptians Benefit from Recent Wage, Pension Hike
Abdel Fattah pointed out that this second social package for pensions in less than 6 months will improve the lives of citizens.
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Egypt to Host the Third Edition of Intra-African Trade Fair
Egypt is set to host the third Intra-African Trade Fair, attracting participation from 75 countries and 1,600 exhibitors. Anticipated trade and investment deals are expected to reach up to $43 billion.
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Sisi orders minimum wage increase for state servants
Egyptian President Abdel Fattah al-Sisi has ordered a raise in the minimum wage for state servants. The measure is one of several new initiatives announced by President Sisi.
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President El-Sisi issues measure to alleviate financial burdens on citizens
President El-Sisi has revised the economy to reduce financial stress on Egyptians. Wage adjustments, cost of living allowances, and tax threshold changes are included.
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Egypt purchased 3.8 million tons of wheat from local farmers this season
The Egyptian cabinet announced in a statement that the Ministry of Supply and Internal Trade purchased 3.8 million tons of wheat from local farmers.
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Egypt inaugurates newly restored 16th Century Ottoman mosque at Cairo citadel
The Cairo Citadel, which houses a newly restored 16th Century Ottoman mosque, has officially been inaugurated. The mosque, constructed by the governor Suleyman Pasha al-Khadim, is considered Cairo's earliest Ottoman mosque.
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IMF Economic Review for Egypt Delayed to Q1 2024
This reluctance stems from the significant inflation rates and concerns about the economic and social repercussions such a decision might have.
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Egypt signs MoU with China to boost mango exports
Egypt signed a memorandum of understanding (MoU) with China to open the Chinese market to Egyptian mangoes.
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SCZone record an all-time high of LE 6B revenues in FY2022/23
The total revenues witnessed a 78 percent increase compared to LE 3.490 billion it recorded during the past fiscal year 2021/2022.
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Hot air balloon flights boost Luxor tourism boom
There is full compliance with the rules set by civil aviation authorities and the balloons land at the designated airport west of the city.
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Total natural gas production of Agiba, Pharaonic Petroleum surpasses 205 million cubic feet per day
Egypt owns huge petroleum capabilities and a strong infrastructure that enables it to implement ambitious programs and plans to increase production.
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PACHIN to delist shares from Egyptian Exchange after acquisition by UAE
Egypt-based Paint and Chemicals Industries (PACHIN) company will voluntarily delist its shares from the Egyptian Exchange after being acquired by UAE.
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EBRD grants a $20M loan to edible oil manufacturer Afia
The loan will provide approximately 15 percent of its total annual needs in order to support the company to diversify its financing sources.
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First grain ships arrive in Ukraine using new route
The vessels will deliver the wheat to Egypt and Israel, according to Ukraine's agricultural ministry.
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SCZone participates in Maersk’s first methanol vessel naming ceremony
The vessel started its journey from South Korea passing by Singapore and Asia and last month passed through the Suez Canal on its way to Europe.
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Egypt’s Acdima to set up USD 165 mn pharma factory
The first phase of the project, worth some USD 101 mn, will see Acdima set up production lines for 21 pharma raw materials starting 2026.
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These are the 5 best times to invest in gold
When it comes to investing in precious metals, buying gold has long been considered a safe-haven asset.
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Egypt to relaunch zero-customs car import initiative for expats
The Egyptian Cabinet issued a draft law to relaunch the zero-customs car import initiative for expats for three months.
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3 Arab, Chinese firms eye establishing $600mln wind farms in Egypt
Two firms will submit a detailed offer, including the farms' capacities and proposed prices per kilowatt (KW).