News
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Egypt sets up consulting firm for transport projects
The Egyptian-French consortium comprises French Aegis Alliance, the International Consulting Company (Sestra) and Shaker Engineering Company.
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EgyptAir operates 18 flights to Saudi Arabia
Egypt's flagship carrier is operating 10 flights from Cairo to Jeddah and eight flights from Cairo to Medina.
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Why did Egypt’s inflation increase again in May? CBE answers
The annual food inflation increased to 60% in May 2023, and annual non-food inflation continued to increase to record 19% in May 2023.
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Orascom IP signs $120 mln deal with India's Flex Accipto to expand plant in SCZONE
The Egyptian giant Orascom Industrial Parks signed a $120 million deal with the Indian packaging solutions company Flex Accipto to expand its plant.
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Egypt slams The Economist’s report on Egyptian affairs
The SIS on Monday summoned the correspondent of The Economist to hand him a letter criticizing the report.
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LMD Breaks Ground on W Residences Cairo & W Cairo situated within its Flagship One Ninety Development in New Cairo
LMD is a leading real estate company that continues to establish an outstanding position in Egypt and many countries around the world.
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Egypt, Greece probe boosting bilateral tourism cooperation
The meeting also touched on increasing joint tourism programs between the two countries to attract tourists from distant target markets keen to visit.
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China provides Egypt with 20 million yuan worth of goods for environmental affairs
Fouad praised the efforts of the Ministry of Environment of China to support cooperation between the two countries.
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GAFI signs tripartite MOU to establish Egypt’s 10th public free zone
The new freezone would be developed by an Italian alliance in Damietta Governorate.
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First batch of American locomotives arrives at Alexandria Port
This comes as part of the contract concluded with the American company Wabtec, which covers the warranty, maintenance and spare parts for 11 years.
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IMF urges Egypt to address FX reserves leakage and multiple exchange rates
International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that Egypt needs to work on preventing the leakage of foreign exchange.
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B.TECH, Egyptian Food Bank sign cooperation protocol
To support 500 small-scale farmers and plant 10,000+ palm trees in Aswan.
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Private equity funding to Egypt surged 79% in 2022, a report indicates
Private equity funds injected a record $877 million into Egyptian companies in 2022.
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Paymob and Chefaa lead digital transformation of pharma retail payments in Egypt
Customers Benefit from Streamlined Transactions and Secure Payment Experiences.
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Supply Ministry Implements 21 Logistical, Commercial Projects in 17 Governorates to Create 250,000 Jobs
Ashmawy indicated that one of these projects is being implemented in Suez which is expected to represent a quantum leap in Egypt.
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Photos: Transport Ministry tests BRT shuttle bus on the Ring Road
A traffic lane has been allocated for it in each direction, and it will remain separate from the cars.
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Egypt named regional tech hotspot
Egypt stands out as a leading player as one of the MENA region’s top tech hotspots, emphasized by its inclusion as one of the top 5 for startups.
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Egypt to convert 17,000 more cars to natural gas fuel
MSMEDA has signed two contracts at EGP 200 million with two companies to convert thousands of vehicles from gasoline to natural gas.
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SCZone head leaves for India
The move comes in accordance with presidential directives to lure more foreign investments, the Zone said in a statement.
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Al-Moselhi:Ministry of Supply Bought 3.6 Million Tons of Local –produced Wheat
He indicated that the country's reserves of wheat are sufficient for consumption for a period of up to 6 months.