News
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Egypt could be looking to up Actis’ offer on Gabal El Zeit wind farm
The next steps involve the government's intent to finalize contracts by the end of October, in line with the timeline shared by El Said in June.
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Lecico Egypt switches to profitability in H1: Egypt
Lecico is an Egypt-based public shareholding company engaged in the manufacture of tiles and sanitary ware products.
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UAE and Egypt strike $500m wheat deal
Two leading Abu Dhabi businesses have struck a deal to supply wheat to Egypt for the next five years.
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SCZone’s East Port Said Receives World's 1st Green Fuel Powered Vessel
The vessel started its path from Asia, passing to Africa, through Egypt, and from there to Europe.
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All you need to know about the solar plant in Al-Hamra Port
The station was implemented by Gas Cool Company, at an investment cost of 11 million pounds.
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Egypt sets into motion plan to reduce electricity loads
The Cabinet announced, in a post on its official Facebook page, a plan to reduce electricity loads which was implemented starting 12 pm on Tuesday.
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LE 12B disbursed via immediate cash payment initiative
This maximizes opportunities for expansion of productive and export activities in light of the exceptional circumstances of the global economy.
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Egypt launches Premier League tourism TV ad campaign
The league started with its first matches of the season on Aug. 12 and will continue until May 19, 2024.
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Telecom Egypt revenues hit LE28.1 billion in first quarter of 2023
Telecom Egypt reported revenues of LE28.1 billion, with a rise of 38 percent in the first quarter of the current year.
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Egypt to disburse EGP 4 bln to 744 exporters under support initiative
The Egyptian government is set to disburse EGP 4 billion ($129.4 million) to support 744 export companies on Wednesday and Thursday.
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Egypt, Jordan, Iraq FMs discuss stronger economic ties at Cairo meeting
The tripartite mechanism is an important platform as part of joint efforts to strengthen economic cooperation between the three countries.
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Government moves to solve Egypt’s cigarettes crisis
A reference was made to increasing the supply orders for raw materials, which contributes to increasing the volume of daily production.
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Al Baraka Bank records $51mln in profits in 1H 2023, with 38% growth
The standalone financial indicators of Al Baraka Bank during the first half of 2023 showed that a rate of return on average assets was achieved by 2.2
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Inflation and surging demand drive up rental housing costs across Egypt
The 15 percent of Egyptians who rent have seen their housing costs increase over the past year due to surging demand and a backdrop of inflation.
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High-speed electric train project to be inaugurated in 2024
The transport ministry supports all local companies to have a 100% local industrial component and expand at a later stage for export.
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Al-Sisi directs Sovereign Fund to optimise investment opportunities in Egypt
This will enhance the capabilities of current and future generations of all Egyptians and build a growing and diversified economic and investment base
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Egypt launches first insurance pension in US dollars for expats
Expatriates between 18-59 years old will be able to purchase a pension plan in dollars.
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Egypt e-payment leader Fawry to launch new digital bank by end of 2023
Fawry, Egypt's leading e-payment solutions provider, announced a plan to turn its online payment portal myFawry into a digital bank in 2023.
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Egypt seeks to sell train tickets to foreigners in USD
The move is part of the country’s efforts to provide the foreign currency required to purchase the needed spare parts and repay part of the loans.
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ASRT reveals details behind manufacturing Egypt’s first electric car
Saqr explained that after nine months, the first locally-made electric car that is also an Egyptian brand will be launched in the market.