News
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Grand Egyptian Museum to open between October and February
Eissa said, in press statements, that work is underway to finish the GEM, as well as the area surrounding the museum.
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Egypt settles 65,000 tax disputes away from court: Finance Minister
More than 65,000 tax disputes, spanning seven years, have been settled away from court, said Finance Minister Mohamed Maait.
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Estafsar and Al Wataniya partner to boost insurance innovation in Egypt
The collaboration is a significant step in achieving Estafsar’s goal of increasing insurance penetration levels in Egypt above its current level.
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Egypt invests $1.09bln in healthcare infrastructure
These facilities will provide healthcare services at three levels: primary, secondary, and tertiary.
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Is Egypt devaluing its currency anytime soon?
Speculations have gone viral about the possibility of Egypt devaluing its own currency.
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Egypt to host new air show in 2024
Over 250 exhibitors are expected to participate, along with more than 50 aircraft in both static and flying presentations.
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How this Egyptian entrepreneur built an eyewear business
Hamdi further expanded his portfolio by introducing the Nile Details brand, selling high-end products such as leather clutches and bags.
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UAE’s ADTIC to build $95mln mega-hotel in Egypt
The project comes in line with the Egyptian government’s plan in preparation for the opening of the Grand Egyptian Museum by the end of the year
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Egypt’s trade deficit jumps 24% in April over slashed gas exports
Egypt's trade deficit surged 23.8 percent in April over the same month in 2022, driven by a drop of more than 75 percent in gas exports.
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AMIC reveals automotive sales to be on the rise, climbing 43% MoM in May
May 2023’s sales numbers reached 7.3 thousand, according to the latest data from the Automotive Marketing Information Council (AMIC).
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Alexandria receives one million visitors during Eid al-Adha holiday
The occupancy rate on the beaches on the first day of the holiday was only 25 percent, on the second day over 75 percent.
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Egypt: ASCOM shifts to $1.24mln profits in Q1-23
The revenues amounted to $3.68mln in the first three months of 2023.
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Egypt auctions EGP 40 bln T-bills on Tuesday
The Central Bank of Egypt (CBE) auctioned EGP 40 billion ($1.3 billion) in treasury bills (T-bills) in two maturities on Tuesday.
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ITIDA announces new bootcamp to support local accelerators and incubators
According to a statement by the MCIT, the program builds on ITIDA's expertise and 500 Global’s track record of running 85+ accelerator programs.
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Irrigation min: PACWA starts its training activities
The Pan African Center for Water and Climate Change Adaptation (PACWA) started its five-week training course.
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Arab states imported 1.73 million agricultural commodities from egypt
The data revealed that the Arab countries imported 1.730 million tons, at a value of $938 million, representing 41% in quantity and 38% in value.
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Egypt’s financial leasing sector hit by inflation and high-interest rates
To curb inflation, which hit record levels, reaching about 40.3% last May, the Central Bank of Egypt raised the interest rate by 10%.
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Egypt executes 8 new projects valued at $5bn to expand petroleum sector
This falls in line with the ministry’s bid to develop and propel the performance of the petroleum refining industry in the North African country.
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Egyptians Withdrew EGP 35.2 Billion from ATMs in Two Weeks
Withdrawals reached their climax on Sunday, June 25, with more than 1.6 million withdrawals at an amount of EGP 4.22 billion pounds in one day.
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Mena startups raised $35.6 million in June, pushing half year total to $1.6 billion
Startups in Mena raised $35.6 million in June 2023 across 45 deals, pushing the half year funding total to $1.6 billion.