News
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Nigeria, Egypt to lead Africa’s fashion market with $2.5B revenue
These two nations are primed to collectively rake in a whopping $2.5 billion in revenue by the close of 2023.
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Suez Canal Chairman, S. Korean Amb. Discussing Joint Cooperation
Rabie expressed his aspiration to complete constructive cooperation between the authority and South Korean institutions and companies.
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Egypt raises governorates’ special funds budget by 32% to make payroll
The Egyptian government has increased allocations to special funds and accounts in governorates, except for Cairo, by 32 percent for the FY23/24.
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SK Biopharmaceuticals signs license deal to introduce its epilepsy med in the Middle East, Africa
Cenobamate is a medication for partial-onset seizures in adults. It is currently sold under the brand name Xcopri in the US and Ontozry in Europe.
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Saudi Arabia partners with Egypt and Turkiye on digital economy
These discussions reflected the Kingdom’s commitment to fostering international partnerships in the realm of digital transformation.
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Bloomberg: Egypt Tourism Revenue Surges Significantly
Egypt and Turkey have seen an increase in tourist demand from the United Kingdom due to the free exchange rate of the Egyptian pound and Turkish lira.
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Egypt: Saib Bank reports 78% growth in profits in 1H 2023
The bank’s financial statements revealed an increase in net income from return in local currency by 58%.
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Egypt's 2023/24 budget in the spotlight
The Egyptian Parliament finally approved in June the draft state general budget and the social and economic development plan for the fiscal year 23/24
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President Sisi explains the cause behind Egypt’s electricity crisis
President Sisi explained the cause of the country’s electricity crisis, saying that: “We need diesel at US$350 million per month.”
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EBRD to approve $125 mln loan to Damietta Port’s 2nd terminal project in October
The European Bank for Reconstruction and Development (EBRD) is set to approve a $125 million loan to build a second container terminal.
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Egypt govt to freeze electricity prices increase until January 2024
The Egyptian government approved on Thursday a decree to freeze any increase in electricity sale prices till January 2024.
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Egypt to plant about 4 million acres of wheat next season: Head of Farmers’ Syndicate
Farmers are working with the government to cultivate all the area to be planted with 100% certified seeds to increase our production of wheat.
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Egypt a rising star in green tourism, says Bain & Company
Egypt has long been a prime tourism destination for international visitors and has loads to offer.
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Diving activities return to Red Sea and South Sinai
The Environment Ministry is preparing to start the second phase of the shark behavior monitoring project.
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Suez Canal growth boosts logistics industry in Egypt
The higher volume of vessels transiting through the Suez Canal is ideal for the growth of the logistics industry.
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Egypt, Saudi Arabia discuss cooperation in health field
The meeting was held on the sidelines of the G20 Health Working Group (HWG) meetings that take place in the Indian city of Gandhinagar.
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Hayat Egypt to open two new factories in Egypt by 2024
He said two new factories are expected to start operations in 2024, adding that they would create nearly 500 direct job opportunities.
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Egypt's Newly Reformed Residency By Investment Programme
Investors have three options in this pathway, each offering a unique duration of residency.
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Egypt's e-finance eyes launching a digital bank
The Egyptian state-owned company E-Finance For Digital and Financial Investments is studying launching a digital bank.
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Egypt is the second biggest supplier of frozen strawberries to Japan
The Japanese market is one of the most demanding of quality and characteristics of imported fruits.