News
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Egypt Set To Complete 2nd Largest Stadium In Africa
It will be the largest in Egypt and the second largest in Africa, it's 94,000 capacity and is expected to replace Cairo International Stadium.
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Hotel Occupancy Reaching 100% Across Egypt during Eid Al Adha
The government official said that the occupancy in Hurghada, Ain Sokhna, the North Coast and Alexandria are approaching complete occupancy.
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Video: Alamein Festival, the largest entertainment event in Egypt and the Middle East, launches promo vid
A promotional video was launched for the New al-Alamein Festival, the largest entertainment event in Egypt and the Middle East.
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Egypt bans smoking across all health facilities
The move aims to preserve the health and safety of citizens from the dangers of smoking.
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What African countries can learn from Egypt's tax exemption for startups
These tax incentives are instrumental in providing startups with the necessary financial breathing space to thrive in their early stages.
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Egyptian grape growers caught in legal turmoil
Egypt has signed the UPOV Convention (International Union for the Protection of New Varieties of Plants), which puts growers in a delicate situation.
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Fitch Solutions warns of high inflation rates in Egypt
Inflation remains a major concern for Egyptians and will lead to a sharp rise in borrowing costs, warned Fitch Solutions, one of the Fitch Ratings com
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Egypt's exports to Africa drop by 5% in Q1 of 2023, imports rise by 3%
As for imports, they increased to $1.656 billion up from $1.6 billion with the top exporter being Kenya with $83.2 million.
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Capital Group Properties reinforces commitment to strategic growth plan in Egypt
Capital Group Properties (CGP) has announced plans to further drive its strategic growth plan in Egypt.
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Amazon Egypt: Global expertise meets local needs
The revenue of the Egyptian e-commerce market was expected to reach $6.8 billion in 2023.
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China-funded prototype satellites delivered to Egypt
"Egypt is the first African country to have complete satellite assembly, integration and testing capabilities," Liao said.
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Egypt accelerates energy transition with revised climate commitments
The second update was announced by the Supreme Committee of the National Council for Climate Change in Egypt, led by Prime Minister Mostafa Madbouly.
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Banque Misr taps Talabat Egypt to provide financial and non-financial services MSMes
For the bank’s Head of the SMEs and Microfinance Sector Amr Demerdash, the agreement is part of Banque Misr’s strategy to support projects.
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Lift Slab’ losses widen 48% YoY in Q1: Egypt
Lift Slab is an Egypt-based company engaged in the construction and development of industrial buildings and facilities.
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MP files Oral Question over EgyptAir dropping out from best Arab, African airliners
“The situation was no better for EgyptAir, as the company incurred wide losses after witnessing a 66 percent drop in travel traffic.”
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Egyptian Gov't aims to increase FDI to $16 Bln by FY 25/26
The parliamentary report confirmed that the state’s plan aims to stimulate commodity exports to exceed $58 billion in 2024/23.
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National Museum of Egyptian Civilization inaugurates commercial area in cooperation with Maxim Hospitality
Minister of Tourism and Antiquities Ahmed Eissa has inaugurated the commercial area in the National Museum of Egyptian Civilization (NMEC).
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ReNew Power set to invest $8bn in green hydrogen plant in Egypt
The agreement, which was inked in New Delhi during a roadshow conducted by a delegation from the SCZone in India, provides for a total investment $8b.
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Planning minister says mobile tech. hubs provide low-cost, high-quality services
Planning Minister Hala al-Saaid said Monday that mobile technology hubs act to provide services for citizens at low cost and high quality.
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Egypt's IOU to Capricorn Energy grows to $145 million
This has grown to $145 million at the end of May, it said on Monday, of which $104 million "is overdue".