News
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Middle Egypt Flour Mills’ profits surge 11.25% YoY in FY2022/23
Middle Egypt Flour Mills is an EGX-listed company engaged in the manufacture, trade, import, export, packaging, warehousing, and distribution of grain
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Egypt’s Central Bank, Vietnam’s SBV ink MoU to boost cooperation
Lu Quand led a delegation to Egypt to discuss ways to boost its cooperation with the Arab country in the trade sector.
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Suez Canal pumps $143.8bln into Egypt’s public treasury since nationalization
The number of ships that crossed the canal since nationalization has reached roughly 1.71 million vessels.
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INTERVIEW: Egypt promotes a digital-first economy, says Canon’s MD
Japanese optical, imaging, and industrial producer Canon perceives Egypt as a leading market in North Africa in terms of digital transformation effort
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Sisi calls for ending rise in grain prices at Russia-Africa summit
He also stressed the importance of taking into account the needs of developing countries, especially in Africa.
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Sri Lanka to explore new areas of cooperation with Egypt
“Relations are to be elevated to the next level in all areas, including in economic and trade cooperation.”
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Egypt’s Energy Market: A Promising Destination for Foreign Investments
Egypt’s strategic location at the crossroads of Africa, Asia, and Europe, coupled with its access to key shipping routes, makes it an ideal hub.
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Egypt mulls establishing first blood bag manufacturing plant
The UPA has played an important role in developing the proposed project including the manufacture of blood bags and their requirements.
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Egypt’s hotel occupancy rate hits 80% in H1
The tourism industry contributes around 15% to the country’s gross domestic product (GDP) and is a key source of foreign currency.
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IMF projects Egypt’s growth forecast to be 3.7% in 2023
The IMF also projected that inflation in Egypt would record 24.4 percent this year and would increase to 32 percent in 2024.
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Egypt’s e-payment firm Fawry plans to expand into Saudi market
The move is part of its regional expansion plans into the Gulf Cooperation Council region, Fawry said in a press release.
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Over 100 gov't agencies relocated to Egypt's new administrative capital: presidency
The Egyptian government also expects the new capital to create around 2 million jobs.
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Egypt's MOPCO, ECHEM, Norway’s Scatec to establish new green hydrogen company
The new company will use produced green hydrogen in the production of green ammonia.
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Sukari Gold Mine records 8% increase in production during H1 of 2023
Centamin aims to produce a quantity of gold ranging from 450,000 to 480,000 ounces during the current year, according to the report.
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Egypt’s Qardy plans to scale debt financing marketplace in partnership with country’s post office
Founded in July 2022, Qardy facilitates loans for MSMEs, with founder Abdel Aziz Abdel Nabi saying the startup’s goal was to be the “Amazon of lending
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Imported Egyptian carrots pulled from sale over contamination fears
The affected batches refer to fresh carrots of Egyptian origin sold by Karlskroona, lot number 78344.
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General Motor Egypt eyes future expansion in local market
The ministry is keen to enhance cooperation with international companies, especially General Motors due to its great experience in the Egyptian market
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Egypt’s EdVentures, Saudi’s VMS join forces to revolutionise MENA ed-tech industry
Since its establishment in 2017, EdVentures, the investment arm of Egypt’s Nahdet Misr Group.
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Egypt to launch first national electronic platform for medical tourists
Egypt's General Authority for Healthcare (GAH) is planning to launch the first national electronic platform for medical tourists.
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Egypt releases $131B imported goods, products in 21 months
There are goods worth about $1.9 billion that are still undergoing customs clearance procedures.