News
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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,
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CY Plus to establish new production plant in cooperation with Petroleum Ministry
Sodium cyanide is a significant component of the gold extraction process from rocks, the new production line is said to increase gold quantities.
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Egypt’s Juhayna Food profit rises 25% in Q2 despite surge in debt
The food producer allocated EGP 223 million towards capital expenditure in H1 2023.
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Wizz Air launches new route to Egypt’s Sphinx International Airport
The new route, which will start on October 30, will operate three times a week on Mondays, Wednesdays, and Fridays.
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Egypt's NCB Developments launches Valencia residential compound in New Cairo
He said Archrete has designed the project, adding that the first phase would be delivered in three years.
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Chinese auto brand unveils new SUV models in Egypt
Jetour introduced three SUV models, namely X70Plus, X90Plus and Dashing, whose ultra-modern designs are in fantastic contrast to the ancient pyramids.
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Speed Medical’s net losses shrink by 37% in Q1
Operating revenues reached EGP 15.843 million from January through March, down from EGP 68.700 million over the same period of last year.
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Egypt to receive 13.1M tourists by end of 2023
There was an astounding 117.5% annual increase in 2021, registering 8 million tourists compared to 3.7 million in 2020.
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Japanese Otsuka to build EGP 1.2 bln healthy food & energy drinks factory in Egypt
The Japanese giant Otsuka Pharmaceutical is set to build a healthy food and energy drinks factory in Egypt's 10th of Ramadan City worth over EGP 1.2bn
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Revving Up: Egypt's auto industry accelerates with new fund, council
Heiba announced the signing of three memorandums of understanding with some of the world's biggest automakers.
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Egypt, Saudi Arabia Aim to Capture 1/3 of the Green Hydrogen Market in Europe, Asia
The value estimated by the head of Hydrogen Egypt currently stands at $200 billion to $300 billion.