News
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Egypt’s tourism sector breaks records as visitor numbers soar
Visitor numbers grew from 4.9 million two years ago to a projected 15 million or more this year.
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Flydubai to launch daily flights to Cairo Egypt
Dubai-based carrier, flydubai has announced a daily flight to Cairo, Egypt beginning in October 2023 to support growing demand.
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Egypt doubles onion exports to EU in MY 2022/23
The Egyptian onion exports to the EU have more than doubled in the MY 2022/23, reports EastFruit.
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Arab Foreign Ministers back Egypt’s candidate for UNESCO top post
Egypt’s former Antiquities Minister Khaled al-Anani for the position of Director-General of the UNESCO from 2025- 2029.
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Egypt races to meet IMF requirements ahead of September scheduled review
As the second review of the International Monetary Fund's (IMF) $3 billion loan agreement with Egypt draws nearer.
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Industrial developers demand removal of obstacles that hinder sector’s growth in Egypt
This was during the third session titled “The Industrial Developer, A New Development Activity,” of the 7th Think Commercial roundtable.
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Egypt, Cape Verde discuss fostering cooperation in health sector
The meeting was held on the sidelines of the Global Congress on Population, Health and Development (PHDC 2023).
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Egypt: Talaat Moustafa Group, Colin’s partner to open 3 branches in San Stefano, Madinaty
All Seasons Park is one of the latest integrated commercial centres and shopping destinations developed by the Talaat Moustafa Group.
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IDA extends deadline for its 790 land plots offering
The investment opportunity for the industrial lands announced by IDA extend over 14 governorates, the allocated lands has a total area of 1.7m m.
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Egypt-listed TAQA Arabia co-establishes gas distribution company in Saudi Arabia
The Cairo-listed energy company TAQA Arabia co-established a natural gas distribution company in Saudi Arabia with a Saudi company.
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Egypt, Ghana, Kenya, South Africa love Pizza Hut, but Nigerians prefer Domino's
A 2022 Africa survey showed Pizza Hut as the top pick in Egypt, Ghana, Kenya, Morocco, and South Africa.
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Egypt pharmaceutical market ranks first in MENA in 2023
Egypt's pharmaceutical market ranked first in the Middle East and North Africa (MENA) region in 2023, with a $ 56.6 billion market value.
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Egypt’s currency expected to be devalued after presidential elections
Egypt’s domestic debt increased by eight percent in the first quarter of 2023 to reach LE6.86 trillion ($222.18 billion).
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British Museum Considers Returning "Rosetta Stone" to Egypt
The most common complaints filed against the institution in recent years have been its right to keep the antiquities.
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Rapid population growth fate issue, poses largest challenge to national action
Rapid population growth poses a serious challenge to Egypt’s current and future national action.
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Egyptian Petroleum Investments Corp Signs a Cooperation Agreement with Elite Capital & Co. Limited
EPI Corp is specialized in providing investment opportunities, advisory services, management services, and pre-feasibility studies.
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For the first time, EgyptAir arrives in South America
EgyptAir operated its first charter flight between Cairo International Airport Egypt, and São Paulo (Guarulhos), Brazil at 05:58 (local time) on Sep 3
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National Bank of Egypt inks $100 mln loan deal to fund imports from UAE
The National Bank of Egypt (NBE) has sealed a deal to secure $100 million from the Abu Dhabi foreign aid agency to fund Egyptian exports from the UAE.
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At least 15% of Banque du Caire shares to be offered for sale at $1 mln
Banque du Caire offers dollar savings certificates, or the Primo certificate in US dollars, with a return of up to 5.15 percent annually.
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Dubai sees surge in companies from India, Pakistan and Egypt in 2023
Other countries with large increases in new memberships included Egypt, with 2,154 new companies joining the Dubai Chamber of Commerce.