News
-
In a first, Egypt establishes real estate bourse
Egypt has made many efforts to enhance its real estate export, due to the urban development it has witnessed lately.
-
Egypt buys nearly half a million tons of Russian wheat in private deal
(GASC) bought about 480,000 metric tons of Russian wheat from trading firm Solaris on Friday.
-
Lafarge Egypt confirms aim to reduce CO2 emissions by 2030
Holcim has set a worldwide target to reduce its gross Scope 1 CO2 emissions from cement production of 22% by 2030.
-
Grand Egyptian Museum to be inaugurated by the end of 2023
The preparations for the GEM are 100 percent finished, and the current process of transferring artifacts is being done with the utmost care.
-
Eni, partners pledge $7.7 bln investment in Egypt over four years
Eni's most notable discovery in Egypt was the Zohr Gas Field in 2015, which allowed the country to achieve self-sufficiency in gas by 2018.
-
Egypt’s gas exports under threat
The country’s hopes for becoming a regional gas production powerhouse and LNG export hub are thwarted by question marks.
-
Huawei Egypt, MCV Energy partners to roll out digital power solutions in Egyptian market
The deal comes within the framework of both companies’ efforts to provide accessible and cost-efficient smart and integrated power solutions.
-
Cabinet announces Egypt’s power outage plan will be lifted by end of summer
Egypt’s plan to reduce electricity loads by cutting off electricity for an hour a day will be lifted by the end of the summer, the cabinet announced.
-
IMF allegedly to delay upcoming loan review again, might mean EGP devaluation
The source stated that the delay could indicate another devaluation of the EGP before the end of 2023.
-
Egypt highlights tourism development to boost economic growth
Egypt’s government has been allocating resources to develop needed infrastructure in cities with these sites.
-
Transport minister follows up 1st line of high-speed train
Kamel el Wazir checked on the workflow of the first line of the High Speed Rail network project (Ain Soukhna / El Alamein / Matrouh / Fayoum).
-
Egypt targets $19bln private investment in 2023-2024
The level is higher than the 31 percent and 29 percent achieved in the previous two fiscal years, the report said.
-
Eagle Hills Properties, Hassan Allam sign $63.7 mn contract for phase one of luxury resort
Hassan Allam Construction will develop parcels 1 and 2 (Views – Island) of Soul Luxury Beach Resort in Egypt, with an expected completion in 960 days
-
Emigration min. accompanies young expats for tour of NMEC
The visit came as part of an Egyptian initiative dubbed Etkallem Arabi (Speak Arabic).
-
Afreximbank establishes main headquarters in Egypt's New Capital
Afreximbank's headquarters in the New Capital will be added to the seven others it has on the continent.
-
Minya archdiocese obtains official permits to work on Holy Family journey project
The Coptic Orthodox Archdiocese of Mallawi prepared a project to establish an international tourist attraction at one of the Holy Family’s stops.
-
Higher education minister opens Egypt GSW’2023
Minister of Higher Education and Scientific Research Ayman Ashour opened Saturday the ISPRS Geospatial Week (GSW 2023).
-
Egypt hedges 35% of its petroleum until mid-2024
The hedging contracts that were agreed to be executed ranged between 75 and 80 dollars per barrel, and about 35 percent of the total oil needs.
-
British, Ugandan investors buy 11.4 percent of Egypt's TAQA Arabia
British and Ugandan investors have bought 154.8 million shares of local Egyptian energy company TAQA Arabia, which accounts for 11.45 percent.
-
Egypt’s Sehatech raises $850,000 in funding
Sehatech aims to streamline medical approvals, claims processing and the billing cycle.