News
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Egypt aims to resume gas exports by October, minister says
Egypt is targeting a resumption of liquefied natural gas exports by October at the start of autumn, petroleum minister Tarek El Molla told reporters.
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Egyptian FinTech Startup Flash Secures $6 Million Funding to Accelerate Contactless Payment Expansion
Flash, aims to revolutionize the payment landscape by offering innovative solutions to consumers and businesses.
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Egypt to strengthen ties with Nigeria in agriculture, education, telecom
Egypt is looking to strengthen ties with Nigeria in agriculture, higher education, and telecommunications, Ambassador Ihab Awad said.
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Egyptian insurance market showing resilience despite “challenging economic conditions”
Approximately 40 companies are licensed to operate in the Egyptian insurance market, with non-life companies outnumbering life insurers.
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Why are gas and oil discoveries in Egypt so important for the region?
A crucial development has been the announcement of new oil and gas fields discoveries by western companies.
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Egyptian Tobacco Division official calls on govt to address cigarette price hikes
Embaby said he met with some officials and discussed matters regarding the state treasury, producing companies as well as preserving consumer rights.
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Egypt turns to China, Italy to set up third domestic fertilizer complex
China’s Wuhan Engineering Co. and Italy’s Ballestra will help Egypt set up a new domestic fertilizer Complex, the third of the North African country.
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Egypt procured 3.8 mln T of wheat in local harvest so far
The supply minister added that Egypt has strategic reserves of vegetable oils for at least four months.
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Egyptian prime minister cabinet grants the golden license to Gennvax Egypt
And a facility to locally manufacture all kinds of vaccines and export them to the African continent from Egypt.
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Egypt Air resumes flights to Tokyo
The airline is to reactivate flights on the Cairo-Tokyo Narito route in its own flight program from September 2023.
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54 African Designers You Should Know
Our Africa's New Wave package celebrates the rich culture and impact of the globe's demographically youngest continent.
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Sri Lanka and Egypt successfully conclude bilateral consultations
The two sides agreed to enter into agreements in new areas of cooperation and to revisit the existing agreements.
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Egyptian orange exports to Southeast Asia to reach record high in current MY
Egypt remains the largest supplier of oranges to Southeast Asia and has already exported 55,600 tonnes of oranges to Indonesia, Malaysia & Singapore.
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GC Biopharma Corp. Obtains Egyptian Product Approval for Influenza Vaccine ‘GC Flu’
GC Biopharma Corp. announced on July 18 that its quadrivalent influenza vaccine “GCFLU Quadrivalent Pre-filled syringe inj.” has received approval.
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Egypt growth forecast cut, currency expected to slip further
Egypt's economic growth is expected to be slower than forecast earlier, while inflation would stay higher and the Egyptian pound would weaken.
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United Oil & Gas H1 Revenues Fall on Egypt Challenges
The average realized oil price per barrel from Egypt for the first half was approximately $78, compared with $105 in the first half of 2022.
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South Cairo and Giza Mills turns profitable in FY2022/23
Revenues hit EGP 241.287 million in FY 2022/2023, up 128% from EGP 188.029 million in the prior FY.
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Egypt projects US$18 billion increase in GDP by 2050
The boost will come from green hydrogen,Egypt ranked fifth in the Arab world and North Africa in the green hydrogen index of Fitch Solutions for 2022.
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Assets under Egypt's sovereign fund record $12 bln: Planning minister
Assets under the management of the Sovereign Fund of Egypt (SFE) recorded $12 billion, reported Hala El-Said.
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Flights in Egypt surge by 29% in H1 of 2023
The number of passengers increased by about 43.5 percent to a total of 23.2 million passengers during the first half of 2023.