News
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ENR and Lenza Egypt to establish new spare parts manufacturing company
The Egyptian National Railways (ENR) has announced plans to establish a new join-stock company to produce mechanical spare parts.
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Saudi cabinet approves MoU with Egypt in electricity, renewable energy spheres
The Saudi Cabinet agreed on a (MoU) between Saudi Arabia and Egypt to cooperate in the spheres of electricity, renewable energy and clean hydrogen.
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Tourism min: Over 25,000 hotel rooms to be ready by end of 2024
Tourism Minister Ahmed Eissa said more than 25,000 hotel rooms will be ready by the end of 2024, noting that over 4,311 new hotel rooms were finalized
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Infinix Launches New Smartphones Production Line In Obour
Infinix Egypt has launched a new production line for smartphones in Obour city to produce a new model in the Egyptian market, which is Infinix smart 7
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TotalEnergies and Dar Al Orman collaborate to deliver clean water connections in Al Fayoum
This initiative comes in line with the company strategy for supporting the countries operating in.
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Int’l Cooperation: Saudi grants worth dlrs 1.5 bn to 3,524 projects in Egypt
This came in a report released by the Ministry of International Cooperation to review current efforts to upgrade the micro, small and medium projects.
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Top 10 real estate companies in Egypt achieve total EGP 168bn sales in 1H 2023
TMG topped the list of real estate companies in terms of sales during the first six months of the year, with sales amounting to EGP15bn.
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Egypt's tobacco exports reach $35.8 mln Jan-Apr
Egypt's tobacco exports reached $35.8 million during the first four months of 2023, according to data released by CAPMAS.
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Egypt received its first shipment of mazut
The shipment is the first of the government’s planned imports of Mazut to meet the increasing demand for electricity.
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Saint-Gobain gains Drymix
The Egyptian ready-mix mortar manufacturer is now part of French-founded construction products company Saint-Gobain.
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Abela Egypt starts operating & managing Cairo-Upper Egypt sleeper trains
Egyptian Catering & Services Co. (Abela Egypt) announced on Tuesday that it began operating and managing all aspects of sleeper trains.
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Emerging Clean Energy Hub: Egypt’s Potential as a Regional Renewable Energy Leader
Egypt has an ideal location and weather conditions to potentially become a renewable energy hub.
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Fertiglobe reports H1 2023 revenues of $1.2bln and adjusted EBITDA of $516mln
Q2 2023 results were impacted by lower selling prices, as volatility in European gas prices continued.
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EgyptAir To Launch Direct Flights From Delhi To Cairo Starting August 4
EgyptAir will operate 4 weekly flights (Mon, Fri, Sat, and Sun) starting August 04, 2023, from New Delhi (DEL) to Cairo (CAI).
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Egypt's banks offer fee-free accounts with no minimum deposit until mid-August
This is in light of the Central Bank of Egypt’s (CBE) celebration of International Youth Day on 12 August.
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Egypt’s first underwater military museum to be established in the Red Sea
The Red Sea Governorate announced a new project to establish Egypt’s first underwater military museum by drowning 15 warships, local media reported.
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Egypt, Turkey Agree to Raise Trade Exchange to $15 Billion
The ministry indicated that it was agreed to hold a joint committee meeting in the near future to expand the coverage of the existing agreements.
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Israel revives plans for high-speed train to compete with Suez Canal
Israeli government is working to compete with the revenues of the Suez Canal with a fast railway linking the Red Sea to the Mediterranean.
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Charter flights now available between Cairo and Marsa Matrouh
The flights are on Thursday and Sunday of each week, he said and the first flight was received on Sunday.
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IDSC: Egypt Witnesses Boom in Electronic and High-Tech Industries
Between 2016 and 2021, Egypt saw a significant increase of 460% in the proportion of technological goods exports to total industrial exports.