News
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Egypt Plans to Invest EGP 393 Billion in Industry in FY 2023/24
The statement also revealed the projects included in the 2024/23 plan within the framework of the industrial investment stimulus program.
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Egypt's electricity sector registers steady growth, experiences surge in generation, purchases
During this period, generated electricity saw a rise of 1.4 percent, while purchased electricity from energy-producing investment projects surged.
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Suez Canal to apply additional transit dues on vessels carrying floating units
The Suez Canal Authority (SCA) will apply additional transit dues to vessels carrying floating units as of 1 July, according to a circular on Sunday.
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Egypt offers dedicated cluster to Indian firms at Suez Canal Economic Zone
The Suez Canal economic zone is a strategic location for India to reach markets in Europe, Africa, and the Middle East.
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Egypt population boom will see it become the world's top wheat importer
Egypt is set to become the world's largest importer of wheat, but its ability to do this is likely to face severe pressure.
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CBE Pumps EGP 2 Billion of New 20-pound Polymer Note
The Central Bank of Egypt (CBE) pumped EGP 2 billion of the new 20 paper banknote, ahead of the Eid al-Adha holiday.
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China completes Egypt's remote sensing satellite MisrSat 2
China Aerospace Science and Technology Corporation (CASC) has completed the assembly and testing of Egypt’s remote sensing satellite MisrSat 2.
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Madbouly says gov. keen on equal chances for job seekers
For his part, al-Sheikh said the announcement on competitions will posted on the CAOA website.
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AIIB to provide a guarantee of more than $200M in Egypt’s green panda bonds
Egypt is considered the first African country to issue panda bonds on the Chinese market and it plans to raise the equivalent of $500 million.
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Afreximbank Announces Talks with Egypt to join Platform for Commercial Transactions with Africa in Local Currencies
The official stressed that the accession of Egypt, led by the Central Bank and with the participation of a number of commercial banks.
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Egypt raises gold jewellery processing fees by 10%
The Gold Division at the Cairo Chamber of Commerce announced on Sunday raising the gold processing fees for gold jewellery by 10 percent as of 1 July.
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Modi: Setting up of India Unit in Egyptian cabinet
Prime Minister of India Narendra Modi asserted that the setting up of the India Unit in the Egyptian cabinet indicates the priority to their ties.
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Egypt’s manufacturing and extractive industries index declines to 99.33, CAPMAS
The statistics agency also reported a jump of 8.11 percent in the production of transport equipment to 128.60 in April 2023 from 118.95 in March.
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Egypt reveals details of launch of MisrSat 2 satellite at cost of $74m
Egypt has revealed details of the launch of the MisrSat 2 satellite from China in October, at a cost of $74 million.
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Egypt and Germany sign debt swap agreement to finance green energy transition
Egypt signed on Sunday a €54 million debt swap agreement with the German Development Bank (KfW).
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Chinese amb.: Egypt to be first African country fully able of testing satellites
The ambassador hailed cooperation with Egypt in order to launch the satellite from China in the first week of October.
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Egypt launched new phase of immediate cash payment initiative with LE 8.7B
Earlier this year, the Ministry of Finance launched the sixth phase of the immediate cash payment initiative with planned investments worth LE 10bn.
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Strategic Partnership between “Dahab Masr” and “EgyCash” to Develop the Precious Metals Market
This technology works to create a fair investment atmosphere that allows investors to Practice their rights to buy and sell at any time.
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Indian auto, plastics firms meet with SCZone boss Gamal El Din in Mumbai
Indian energy, industrial, and construction companies last week expressed interest in setting up projects here during meetings with SCZone.
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The effects of digital transfers on Egypt's economy
Remittances are a crucial source of income and foreign currency in Egypt, often serving as the only financial safety net for low-income households.