News
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Medical Exports Council aims for annual 30% growth to support Egypt's export plans
Egypt's Medical and Pharmaceutical Exports Council, led by Dr. Magid George, has declared a 14 percent growth in sector exports.
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Chinese oil company eyes expanding petroleum cooperation with Egypt
The two sides discussed ways to increase cooperation between the NPIC and the Egyptian petroleum sector.
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As deficit soars, Egypt expands money supply, fuelling inflation
Central bank figures show "M1" money supply, which includes domestic currency in circulation and demand deposits in Egyptian pounds.
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Egypt considers localization of olive oil industry with Libya
Both also mulled methods of expanding the company’s business in Egypt, particularly in the fields of agricultural investment.
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Indus Motor Company Signs Agreement with Toyota Egypt
In line with this development, Toyota IMC recently dispatched its first shipment to Toyota Egypt in July.
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Tunisia, Egypt negotiate launch of direct marine line
Majidi explained that the two countries discussed establishing logistical areas in transporting and processing goods.
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Hutchison Ports Group expands footprint in Egypt
Hutchison Ports has announced its investment in Ain Sokhna Port, Egypt’s major port, and B100, a new container terminal in the Port of Alexandria.
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The UAE’s Metito is looking to establish 4 desalination in Egypt
The four desalination plants that would serve their Egyptian green hydrogen production facilities.
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Central Bank of Egypt issues new rules for digital banks' licensing
The Central Bank of Egypt (CBE) issued rules for licensing, registering, controlling, and supervising digital banks, according to an announcement.
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Alamein Festival targets one million visitors
The festival comes to promote urban growth in the city of New al-Alamein, he explained.
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New Incentives “Strong Support” for Investment Climate in SCZone
On plans for new promotion tours following the success of China's promotional tour, he said Asian and European tours are planned for next month.
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Egypt's iron and steel exports grow by 46% in 5 months
The report indicated that a total of 69 countries received imports of iron and steel from Egypt during the January-May period.
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Egypt approves partnership with the private sector in four state-owned infrastructure projects
The Public-Private Partnerships (PPP) Committee has approved partnerships between four state-owned development projects and the private sector.
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PM announces July 20 and 23 as official holidays in Egypt
The holiday will be on the occasion of the Hijri New Year, the first day of the month of Muharram for the year 1445 AH.
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Microfinance jumps by 18.4% in Q1 of 2023 hitting LE74.8B
Zulfacar speculates that microfinance would grow more in the coming period.
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Egypt Plans To Increase Its Dependence On Renewable Energy By The Year 2040
The country aims to reach 60% dependence on renewable energy by 2040. This is an update to the previous target of 42% by 2030.
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Egypt's FRA issues new regulations for using fintech in non-bank finance
Egypt's Financial Regulatory Authority (FRA) has issued new regulations for the use of fintech in the non-banking financial sector.
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First oil rig manufactured in Egypt now at Egyptian-Chinese Drilling Company
Minister of Petroleum Tarek al-Molla witnessed the delivery of the first oil rig manufactured at the Egyptian-Chinese Drilling Company in Ain Sokhna.
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Lebanese Minister praises Egypt as 2nd exporter of citrus worldwide
The Lebanese Minister of Agriculture, Dr. Abbas Hajj Hassan hailed Egypt for becoming the second exporter of cirtus worldwide.
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Amr Talaat : Telecommunications Sector's Contribution to Egypt's GDP Rose Over 5%
The minister also mentioned that Egypt invested EGP 50 billion in digital transformation projects.