News
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Saudi Arabia’s VMS acquires minority stake in Egypt’s Cash Cows
The partnership aims to connect Egypt’s and Saudi Arabia’s startup and entrepreneurship market and also help in mobilizing resources and expertise.
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Al-Futtaim Real Estate wins the prestigious ‘Developer of the year’ award at The Big 5 Construct Egypt 2023
The Big 5 Construct Egypt 2023 was held from 19-21 June at Egypt International Exhibition Center.
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MSCI mentions possibility of reclassifying Egyptian indexes
Morgan Stanley Capital International (MSCI), an investment research firm, recently released a report discussing the potential reclassification.
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Egyptian Supply Minister assures: ‘Our country has complete food security’
Minister of Supply and Internal Trade Ali al-Moselhy assured Monday that Egypt is completely safe in terms of food and supply commodities.
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Indian companies invest $170mln into Egypt in 6 months
Several Indian companies are pumping investments into the domains of green hydrogen and electric vehicles, Madbouly said.
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Egypt launches new phase of export support initiative with EGP 8.7 bln
The Exports Development Fund (EDF) announced on Saturday the launching of the sixth phase of its cash repayment initiative to support Egyptians export
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Targets of Egypt’s IPO program achieved: Elsaid
Moreover, she referred to the completion of a number of transactions under the program.
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Egypt ascends six spots in Sustainable Development Report 2023 rankings
El-Saeed added that the report indicates Egypt's progress in the Sustainable Development Goals Index for 2023.
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Egyptian travellers bring home 306 kg of duty-free gold in 42 days
Egyptian travellers returning from abroad brought more than 306 kilograms of gold exempted from customs duties and other fees from 11 May to 22 June.
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Egypt Emerges as a Leading Tech Hotspot in MENA Region
high level of investment in technologies, thriving startup ecosystems, and globally leading connectivity have earned Egyp this reputation.
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Sisi asks lenders for 'understanding' of economic pressures facing Egypt
Sisi called for reforming the global financial infrastructure to promote sustainable development financing.
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Egypt-India trade exchange soars 13.7% in 2022 to $6 bln: CAPMAS
The trade exchange between Egypt and India reached $6 billion in 2022, compared to $5.3 billion in 2021, reflecting a 13.7 percent increase.
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Egypt, Saudi Arabia discuss cooperation in boosting exports
The two parties agreed to form a joint action group to remove any obstacles facing Saudi or Egyptian companies in the two countries’ markets.
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Egypt's electricity sector registers steady growth, experiences surge in generation, purchases
Generated electricity saw a rise of 1.4 percent, while purchased electricity from energy-producing investment projects surged by 2.7 percent.
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Egypt’s Petrojet, Siemens to provide tech solutions for Middle East industrial sector
The companies will have a special focus on water, oil and gas, tunnels, and infrastructure projects across the region, said a statement from Siemens.
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Egypt steel production slows amid dollar shortage, declining demand
Egypt’s steel production has slowed since the beginning of the year as a result of a foreign currency shortage and a decline in local demand.
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Eni Egypt Well Disappoints
The Nesr-1 well, one of two targets currently being drilled by Italian firm Eni off Egypt’s Nile Delta has struck sub-commercial gas volumes.
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Everything you need to know about Egypt’s project to supply ships with green fuel
Egypt and Norway back in May signed an agreement to jointly develop a new green methanol production project, which is the first of its kind.
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Egypt's central bank keeps interest rates steady
Economic growth meanwhile eased to 3.9% in the fourth quarter of 2022 from 4.4% in the third quarter, the MPC said.
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Flutterwave eyes Egypt’s cross-border payments market as it plans IPO
The payment company hopes expanding and deepening its market coverage will also be a boost for its IPO appeal.