News
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Egypt's annual core inflation eases to 40.7 percent in July
Egypt's annual core inflation rate recorded 40.7 percent in July 2023, a slight decrease from 41 percent in June.
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Bunkering in Egyptian Ports: First Step on Road of Milestones
The licenses do not just include seaports but also vessels navigating the Suez Canal within both the northbound and southbound convoys.
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Egyptian cybersecurity startup Buguard raises $500k seed funding round for GCC expansion
Buguard, the Cairo-based offensive security and dark web monitoring company, has raised US$500,000 in seed funding to power its expansion into the GCC
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Egypt’s SODIC completes 20% of construction works of June North Coast
Amer told Zawya Projects that the delivery of the first phase will start in the third quarter of 2025, while the second phase will be delivered 2029.
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Stretching Seaports to Turn Egypt Into A Logistic Hub
Tahya Misr (Long Live Egypt) Multipurpose Station, stretching on 2.5 kilometers, in the Port of Alexandria at a cost of LE9 billion.
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Egypt keeps driving USA out of EU sweet potato market
Egyptian sweet potato exporters focus mainly on sales on the Netherlands among the EU-27 countries.
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BYD says it plan to expand its business in Egypt, denying reports of market exit
BYD was founded in February 1995, and after more than 20 years of fast growth, the company established over 30 industrial parks worldwide.
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Hawass hopes to see pyramids area become open air museum
Renowned Egyptian archaeologist Zahi Hawass has expressed his hope to turn the pyramids area into an open air museum.
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Utopia’s profits upsurge 138.2% YoY in H1
Utopia is a public company that operates within the real estate sector focusing on diversified real estate activities.
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Egypt's Misr Italia Properties secures ministerial decree for Solaré Project in Ras El Hikma
United States-based design firm EDSA developed the project’s master plan and Netherlands-based White Space Architects is its main architect.
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Divers explore 2,300-year-old wreck off Egypt
The discovery offered new evidence of the commercial, economic and tourism status of Egypt and the El-Alamein region.
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Egypt establishes first digital company through GAFI platform
Minister of Petroleum and Mineral Resources, Tarek al-Mulla, Minister of Justice, Omar Marawan, and Governor of Damietta, Manal Awad, attended.
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Oriental Weavers crowned Best Producer of Hotel Carpets and Rugs
The Hospitality Awards 2023, organized by LUXlife Magazine, is renowned annual program that celebrates the best in the hospitality industry worldwide.
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Egyptian pharma startup Grinta acquires counterpart Auto-Cure to expand footprint
Grinta is a managed marketplace that modernises the pharmaceutical supply chain by empowering independent pharmacies.
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Cash payment for tickets no longer allowed at Baron Palace, Prince Mohamed Ali Palace
Bank cards of all kinds can be used purchase tickets at the three locations.
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Egypt inks $4 bln deal with Indian Ocior Energy for green hydrogen projects
Egyptian government has signed a preliminary agreement with the Indian renewable energy company Ocior to invest $4 billion in green hydrogen projects.
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GASC Egypt secures 235,000 tons of Russian wheat
175,000 tons, is set to arrive in Egypt around September 15 to 30, followed by the second batch, 60,000 tons, which is scheduled for October 1 to 15.
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Romanian state trader Unirea plans grain-for-fertilizers deal with Egypt
Romania sold wheat to Egypt last week. 60,000 tonnes of grain was concluded through trader Viterra at a price of USD 262.05 per tonne.
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Egypt's DIG launches Track 20 project in the New Administrative Capital
Salah said the company has deployed a capex of EGP1 billion ($32 million) this year for construction work across various projects.
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Central Bank of Egypt partners with London Banking Institute for talent development
The MOU will focus on collaboration on talent development for the workers in the Egyptian financial sector,