News
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Egypt constructs solar energy stations in museums, archaeological sites
These include the Royal Jewelry Museum, the Alexandria National Museum, Manial Palace Museum, and the Giza Pyramids Visitor Center.
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Egypt’s medical exports amount to $1B
The Egyptian medicine is becoming increasingly positive, thanks to its following the best international standards in good manufacturing.
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Egypt secured $2.1 bln loans to private sector in 2023
Egypt has secured $2.1 billion in concessional financing to the private sector from international partners since the start of 2023.
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Dragon fruit planting expands in Sinai
There is a great demand for dragon fruit because it is rich in antioxidants, which reduce inflammation and diseases, and prevent cell damage.
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IMF to review Egypt’s reform program twice in September
The IMF’s first review was originally scheduled for March, but failed to take place.
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Egypt issues second tranche of export subsidies in ongoing phase, Trade Minister
A diverse range of 1,193 companies across various export sectors submitted applications for the second tranche of the initiative.
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Egypt to repay participants in tax-free car import initiative after slashing cost
They would repay participants who applied for the tax-free car import initiative and paid the full amount, after slashing costs by 70 percent in May.
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Fossil of 41m-year-old miniature whale discovered by Mansoura University researchers
Mansoura University said the researchers unearthed the fossils near Wadi al-Hitan in Egypt, a site where many fossils of ancient whales can be found.
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Trade exchange bet. Egypt, Palestine hits $200M in 5 months
Egyptian exports to Palestine increased to $200 million during the first 5 months of 2023, compared to $177.9 million during the same period in 2022.
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Egypt start up providing locally manufactured solar water heater
Shamsina, which is incubated at Harvard Innovation Labs, has so far developed five different iterations of its thermal solar water heater.
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Egypt’s SEMAF hands over locally-assembled metro train to National Authority for Tunnels
The new train was locally assembled at the Railway Equipment Factory (SEMAF), which is affiliated to the Arab Organization for Industrialization.
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Moamen Awad becomes 1st Egyptian fashion designer to be displayed at Times Square
Awad, 34, breathed new life into Egyptian civilization for western audiences though his clothing line.
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Egypt lowers debt-to-GDP ratio in 2022/23 amid revenue surge
Egypt has lowered its estimates for the debt-to-GDP ratio to 95.6 percent for the fiscal year 2022/2023, down from 97 percent.
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Egypt joins Africa50 agreements to boost infrastructure development, financing
The Africa50 Fund aims to invest in infrastructure, focusing on sectors such as energy, transportation, information and communication and technology.
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Egypt under review for downgrade by Moody’s for 3 months
The agency based its recent decision on the structural reforms taken recently by the Egyptian government to stimulate investment.
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The Egyptian economy and the way out
One of the primary reasons for Egypt’s economic crisis is the persistent budget deficit.
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Egyptian banks poised for African expansion
This follows the increase in minimum operating capital required by the central bank, currently at E£5bn.
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Ismailia Yacht Marina: a key player in the new era of the Suez Canal
Egypt is committed to developing integrated strategies for yachting and the environment, including the construction of marinas.
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Egypt’s cabinet approves draft law on creating national real estate ID system
The draft law proposes setting up a national real estate database that will designate each property with a unique identifier.
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Enhancing herbs: Ofi opens processing plant in Egypt to expand innovation capabilities
Egypt is one of the biggest markets for processing, exporting and growing herbs, with Upper Egypt providing the “ideal growing conditions.”