News
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NSPO acquires 20% share of TAQA Arabia
The National Service Projects Organization (NSPO) has acquired a 20 percent share of TAQA Arabia at LE 1.6 billion.
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CBE: Mobile phone wallets up 20% to stand at 34 million by end of June
The Central Bank of Egypt (CBE) announced that the total number of mobile phone wallets increased by nearly 20 percent to stand at 34 million.
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The first nuclear unit at Dabaa plant to be installed by October
Nuclear equipment will be installed in the nuclear power unit at the Dabaa plant, with the participation of Russian company Rosatom.
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30k realtors, over 6,500 registered brokerage companies operate in Egypt
Egyptian Association for Realtors calls on government to establish independent body for licensing and regulating real estate brokerage.
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Egypt Extends Visa Period For Foreign Yacht Tourists To Boost Yacht Tourism
The extension of the visa period is particularly beneficial for individuals who may encounter unexpected circumstances preventing them from leaving.
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Egypt, France seek to boost cooperation in water resources
They also talked about France providing scholarships for Egypt’s engineers and researchers to undertake postgraduate study.
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Egypt’s fish production hits 2mln tons, self-sufficiency at 85%
The report said Egypt ranks first in Africa and sixth globally in fish farming.
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Egypt signs framework for mining terms with Barrick Gold and Centamin
This is a new regulatory framework for mineral exploitation, under which 30-year exploitation licenses will be awarded to miners.
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Presidential initiative to replace obsolete vehicles: Egypt
The state’s general treasury bore EGP 675m as the value of the green incentive for 27,225 new natural gas-powered vehicles.
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Egypt to establish river port in Aswan to accommodate largest number of cruise ships
The Inspection Department of the al-Silsilah Archeological Area in Aswan Governorate announced the development of the al-Silsilah area.
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Egypt expects Zohr field’s investments to hit $15bln in 3 years
Current investments into the giant offshore natural gas field are estimated at $12 billion so far.
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Egypt-Russia: Growing ties
President Abdel-Fattah Al-Sisi’s visit to St Petersburg this week will further cement economic and political relations between Cairo and Moscow.
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Egypt's ECARU, Qalaa, Axens to conduct studies on second-generation bioethanol project
The project will be executed in two stages, the first of which is producing advanced bioethanol and the second is producing SAF.
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Ajwa reports 12% YoY consolidated profit increase in Q1: Egypt
Ajwa is an Egypt-based company that operates in the manufacture and export of cooking oils and ghee.
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Egypt, Belarus discuss co-manufacturing products in Egyptian market
On 17 and 18 July, Cairo hosted the third meeting of the joint working group for cooperation in the field of industry between Egypt and Belarus.
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Japan's Yazaki to build $33.3 mln auto parts factory in Egypt
Yazaki, a Japanese car parts supplier, has signed an agreement with the Governor of Fayoum to allocate land for a new factory.
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Egypt’s electricity company warns to avoid elevators at specific times
The load reduction program is implemented according to the capabilities required of each control.
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Discover Better Cotton and Cotton Egypt Association's new partnership
Egyptian cotton is renowned globally for its exceptional quality, softness, and durability.
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Significant production efficiencies to be realized at Egyptian Chemical Plant
Thanks to Automation, Motor Control and Enclosure Solutions from Rockwell Automation .
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Egypt annuls low-interest loan initiatives supporting tourism sector
Egypt’s cabinet approved on Monday the cancellation of the Central Bank of Egypt’s (CBE) initiatives providing low-interest loans to workers.