News
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Austrian Kronospan plans to set up wood panel factory in Egypt with $50m investment
The company has an industrial history dating back to 1897 and owns 39 sites around the world employing 18,000 workers.
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Egypt reclaims 500K feddans in Sinai, introduces necessary infrastructure
In a related context, President Abdel Fatah al-Sisi held a meeting Sunday to follow up on the executive status of "comprehensive development efforts".
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Thales and Orascom construction upgrade the Cairo - Giza - Beni Suef railway line in Egypt
The track is located on the east bank of the river Nile, 115 kilometres from the country's capital.
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Egypt to receive first train for high-speed electric railway in October
Egypt will receive the first regional train for the first line of its high-speed electric railway in the second half of October.
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UAE company purchases 30% stake in Eastern Company, Cabinet
Sources told local media last week that the Egyptian government expected to finalize the sale of a stake in Eastern Company.
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ECMI: 21 leading Egyptian companies to partake in Health Expo Iraq in mid-September
Earlier, ECMI Chairman Maged George announced a 14 per cent increase in the sector’s exports.
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Egypt launched digital platform to maximize yacht tourism in Egypt
Through the digital window platform the owner of the yacht or his representative can enter the data of the yacht and the passengers.
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Egyptian 'Sprints' among Africa's Business Heroes Prize Competition’s top 10 list
Ayman Bazaraa, CEO and Co-Founder of Egypt-based education and training solutions Sprints, has made the top 10 list of the Africa's Business Heroes.
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Egypt issues decision on collecting residency fees
Foreigners residing in the country illegally must also legalize their status and residence provided that there is a host of Egyptian nationality.
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Eni to invest $7.7B in Egypt over 4 years
Sisi said he looks forward to more cooperation with Eni to achieve optimal utilization of Egypt's resources from the energy sector.
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EBRD, IFC to advise on water desalination projects in Egypt
The government plans to offer four stations out of 21 stations in the first phase, which is expected to be awarded by the first half of 2024.
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CI Ratings revises its outlook on Egypt from negative to stable
Capital Intelligence Ratings (CI Ratings) lowered Egypt's long-term foreign currency rating and long-term local currency rating to 'B' from 'B+’.
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Egypt’s total foreign assets recorded at LE 1,475B, CBE
Net foreign liabilities rose to LE 2,287 billion in July, compared to LE 2,275 billion in June, the CBE reported in its release.
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Egypt to provide incentives to localize automotive industry
Prime Minister Mostafa Madbouly announced on Thursday that the state is ready to provide a package of incentives to encourage the localization.
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Egypt scores successes in petroleum sector, boom in gas exports: Maat Report
This comes in light of the huge projects implemented by the state in this sector, as the oil sector continues to be a great success.
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Five Egyptian entrepreneurs semi-finalists at Africa's Business Heroes in Rwanda
The semi-final of the fifth edition of the Africa’s Business Heroes (ABH) Prize Competition kicked off in Kigali, Rwanda, on Friday.
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Egyptian billionaire Mohamed al-Fayed dies age 94
He had made a name for himself in the field of economics, and his wealth according to Forbes reached $1.4 billion.
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Gov't Denies Halting Air Traffic at Capital International Airport
The Cabinet's media center stated that it had contacted the Ministry of Civil Aviation, which denied the reports.
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Egypt’s Mediterranean city gains global fame in shipbuilding
The city, located in Damietta Governorate, some 190 km north of the capital Cairo, has been leading shipbuilding in the North African country.
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Egypt, US discuss boosting cooperation in higher education, scientific research
Ashour made the comments during his meeting with Sean Jones, the new Mission Director for the USAID in Egypt.