News
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El Mohandes Jotun inaugurates state-of-the-art factory at Zona Franca industrial zone
With an investment surpassing $100 million, the new factory is built over an expansive area of 94,000 square meters.
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Egypt continues to strengthen its position in the US frozen strawberry market
From January to July 2023, Egypt exported a record high of 9,100 tonnes of frozen strawberries to the US.
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EBRD strengthens Egypt’s agribusiness sector
Since 2012 the EBRD has invested €10.4 billion in 167 projects in Egypt, with almost 57 per cent of its portfolio in private sector projects.
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In a first, Egypt installs satellite tracking device on sharks
The Red Sea Reserves Authority has successfully installed the first satellite tracking and monitoring device on a shark in the Marsa Alam region.
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Minister of Telecommunications, members of American Chamber of Commerce talk investment
During the meeting, Dr. Amr Talaat stressed the state’s keenness to create a supportive and attractive environment for foreign investment.
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Egypt, Hong Kong in talks over cooperation, green finance tools
The meeting took place during the minister’s participation in the Belt and Road Initiative summit in Hong Kong.
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Egypt's Exports to France Increase 61% to $1.8 bn
While the value of Egyptian imports from France reached $2.2 billion during 2022, compared to $1.8 billion during 2021, an increase of 19.2%.
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Egypt establishes state-of-the-art glass walkway in Aswan
This glass walkway will allow visitors to enjoy the views of the Nile at Aswan, and comes as part of the state’s ongoing development.
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Egyptian pomegranate campaign to start with lower volumes than last season
The Egyptian pomegranate campaign starts soon, with yields lower than last season, Egypt's usual export volumes are around 250 thousand tonnes.
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El-Nile for Pharmaceuticals posts 33% YoY profit surge in FY2022/23
The firm earned EGP 119.213 million in net profits in FY 2022/2023, up from EGP 89.672 million in the previous FY.
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Bookings open for the Viking Sobek
The company said its 2024 Egypt season is nearly sold out and that continued strong demand for the 2025 season has led the company to open 2026 dates.
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Capricorn sticks with payouts despite Egypt owing money
A shareholder meeting is planned for Oct. 5 to approve the $100 million special dividend ahead of a strategy update in November, Capricorn said.
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Nile Air to connect Cairo with Cologne/Bonn from October
From October 15, 2023, the Egyptian airline Nile Air will connect the metropolis of Cairo with Cologne/Bonn Airport.
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Paleontologists Uncover New Species of Titanosaur in Egypt
This species belongs to a diverse group of long-necked plant-eating dinosaurs called Titanosauria.
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Egypt to build $1 bln steel complex at SCZone
The Egyptian Cabinet announced in a statement on Wednesday the approval of building a $1 billion steel industrial complex extending 1.5 million square
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Egypt Air announces 50% discount on business class tickets
This is including a 50 percent discount on the price difference of upgrading to it from economy class tickets issued before September 10 to 30.
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Egypt targets attracting Greek investments in healthcare sector
IDSC announced in April that Egypt's exports to Greece hit $228.5 million in January 2023.
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Suez Cement group of companies rebrands to Heidelberg Materials
The new brand identity underlines the company's pioneering role in the path to carbon neutrality and digitalisation in the building materials industry
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Why is China Giving Satellites to Egypt?
Egypt has become the first African country with the capability to assemble, integrate, and test (AIT) satellites.
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Egypt licenses 7,200 industrial projects in 2022
The Egyptian Ministry of Trade and Industry issued 7,200 licences for industrial projects in 2022, Trade Minister Ahmed Samir stated on Wednesday.