News
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Several banks, companies pump $1.98bln in low-income mortgage finance initiative until July 2023
According to a recent report issued by the Fund, banks have pumped financing worth $1.91bln to about 503.183 thousand customers.
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Egyptian pound devaluation expected amid inflation concerns, interest rates rise: Capital Economics
The sudden 100 basis point hike, raising the rates to 19.25 percent, took the majority of analysts, including Capital Economics, by surprise.
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Egypt’s PM reviews proposals to boost real estate export
Madbouly emphasized Egypt’s interest in the real estate export file, pointing to previous meetings held on the issue.
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TSFE among largest 50 Sovereign funds globally: Egypt’s presidency
The TSFE aims to increase and develop the size and scope of investments in Egypt, with a focus on priority sectors for the development and growth.
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Egypt: Summit Technology Solutions launches digital strategy for new expansions
The change of the new brand is a step among many in the company’s ambitious strategy in the Egyptian market and abroad.
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Egypt: ACUD to offer 5-feddanland plots in New Capital’s first phase by September
Most investors asked for mixed-use land plots to establish universities, schools, and commercial and administrative facilities.
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OWN startup launches platform for digital trading of real estate in Egypt
The platform launched by the company is a digital platform that aims to transform the experience of searching and buying real estate.
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Egypt's GAFI to promote new online incorporation platform abroad
Egypt's General Authority for Investment and Free Zones (GAFI) is planning to promote its new online platform for establishing companies in Egypt.
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Egypt's central bank auctions €600 mln in treasury bills on Monday
The Central Bank of Egypt (CBE) auctioned €600 million ($656.29 million) worth of treasury bills on Monday, according to the bank's website.
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Minapharm’s H1 standalone profit declines 46.7% YoY
Minapharm Pharmaceuticals is an Egypt-based company engaged in the production and distribution of pharmaceutical products.
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Travel firm reports spike in Turkey and Egypt bookings due to exchange rates
On the Beach said the number of bookings it has received for summer trips to those destinations is more than double the level from 2019.
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Fertilizers Rich in 3 Vital Minerals Vastly Enhance Potato Yields, New Study Finds
A new study has found that the application of fertilizers rich in calcium, magnesium and zinc can vastly improve the growth of potatoes.
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Nestlé to build new production lines in Egypt
The Swiss major operates three facilities in Egypt, producing brands like Maggi, Nesquik and Nescafé.
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October Pharma’s profits rise 9.9% YoY in H1: Egypt
Net sales surged to EGP 441.226 million in H1 2023, from EGP 359.825 million in H1 2022.
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Egypt offers new lands to narrow $30 bln trade gap
Egypt's Industrial Development Authority (IDA) is set to offer for sale 1.7 million square metres of lands to investors.
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CAPMAS: 89 percent of youths use internet in Egypt
The figures were released on Saturday on the occasion of the International Youth Day, which falls on August 12.
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North Sinai has LE6.5B of gov’t investments in 2023/2024
The public treasury contributes about 44.6% of the amount to finance projects in the fields of agriculture, education, sanitation, drinking water, etc
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Egyptian students design robot to distribute exam papers
The robot, controlled by an app, can distribute examination papers across the university’s campus.
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Egypt's largest tobacco producer to pump an extra 50 million cigarettes daily to face shortage
According to numbers released by Eastern Company, Egyptians spent EGP 17 billion on cigarettes during the 2021-2022 fiscal year.
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Egypt Exports 5.1 Million Tons of Vegetables worth $2.6 Billion
In the past, the increase in the volume of agricultural exports is due to new agricultural projects and greenhouses.