News
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Restrictive Entry Measures for Canadian Nationals Postponed to October
The scheduled cessation of the e-visa and visa-on-arrival program for Canadian nationals entering Egypt has been postponed to October 1.
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Egypt inflation hits record high of nearly 40%
Annual inflation in Egypt hit 39.7 percent in August, official figures showed Sunday, an all-time high for the country.
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Egypt sets up national council to boost green hydrogen investment
The Egyptian government expects that total foreign direct investment (FDI) into green hydrogen projects will hit about $81.6 billion by 2035.
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Grand Egyptian Museum’s latest developments see excellent progress
The Ministry of Tourism and Antiquities announced it has finalized the main building of the museum including service parts.
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Egypt & Pakistan sign 7 MoUs at major business conference in Cairo
Egypt and Pakistan signed seven Memorandums of Understanding (MoU) for cooperation in various economic fields at the Pakistan-Egypt Business.
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Etisalat by e&. to invest up to $194.4mln in Egypt in 2024
During a press conference, Yahia expected the NTRA to introduce new increases in telecom services before the end of year.
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Egypt constructing new mega electrical industries complex in Alexandria
The new complex, which will be producing parts for bus manufacturing in Egypt, is expected to create 600 new jobs, added Samir.
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Trade balance deficit fell in June to $2.32B, CAPMAS
Egypt’s June 2023 exports were valued at $2.91 billion compared to June 2022’s $4.02 billion, falling by 27.5 percent.
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Egypt following up with British Museum regarding stolen artifacts
Waziri chaired a meeting for the council with the aim of following up on the theft of various artifacts from the British Museum in London.
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Nobu Hospitality and SODIC to bring Nobu restaurant to Egypt
The partnership between SODIC and Nobu Hospitality is a significant development for the Egyptian hospitality industry.
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Cabinet’s media center sheds light on State’s efforts to support Egyptian farmers
The State was keen on implementing integrated agricultural policies and launching several initiatives, which put the farmer at the forefront.
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Alexandria to get new 1.3 billion euro metro system
The project will connect downtown Alexandria to the northeastern town of Abu Qir.
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Egypt paid $52 billion in external debt over the past two years
Egypt has paid $52 billion of its foreign liabilities within the past two fiscal years (2021-22 and 2022-23), Finance Minister Mohamed Maait said.
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New companies applied to fuel ships with green methanol
The Suez Canal Authority signed 23 memorandums of understanding for the production of green fuel, 9 of which were signed during COP 27.
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Egypt sees 25-30% jump in fertiliser exports this year
Chemical and fertiliser exports by the most populous Arab nation peaked at nearly $9 billion in 2022.
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Egypt seeks to collect $1.5 bln in external financing by year end
The Egyptian government seeks to collect $1.5 billion in external financing before the end of 2023, Minister of Finance Mohamed Maait stated.
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Egypt to more than double animal species in Giza Zoo, protect heritage trees
During the meeting, Madbouli said the state will protect the trees of the zoo, which total more than 5,000 and will also safeguard its heritage trees.
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Egypt-Pakistan trade surges to $200 million
The head of Egypt's Trade Representation emphasized the importance of acquainting the Egyptian business community with collaborative opportunities.
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Saudi investments in Egypt reach 32 bln USD
Al-Obaid stressed Saudi's interest in learning about Egypt's Vision 2030 and the plans to implement the vision's development goals.
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Sisi says looking forward to boosting relations with EU
President Sisi, meanwhile, confirmed that the EU is a key partner in the modernization process underway in the various development sectors in Egypt.