News
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Gov't Denies Shortage in Commodities, Food Products in Markets
The Ministry of Supply and Internal Trade denied the existence of a shortage in commodities and food products in the markets.
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Egypt's trade deficit halved in March as wheat imports drop 42%
Egypt's trade deficit dropped by 49.6 percent in March compared to the same month last year, as wheat imports plunged by 41.9 percent.
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Trade Minister holds meetings with senior officials participating in St. Petersburg Economic Forum
The minister met with Sergey Dankvert, the Head of the Russian Federal Service for Veterinary and Phytosanitary Supervision.
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10.7 % Increase in Number of ADSL Internet Subscribers
Number of ADSL internet Subscribers reached 10.5 million in June 2022 , compared to 9.5 million for the same month in 2020, an increase by 10.7%.
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Egypt: Beltone shifts to $1.6mln consolidated losses in Q1-23
Last year, Beltone registered higher consolidated net losses after tax at $8.7 million.
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Egypt has released more than $30 bln goods from ports in 5 months: Finance minister
In May, Egypt released $7.3 billion worth of goods from ports, including goods valued at $ 5.3 billion that arrived during the month.
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Egypt: Edita targets $25.9mln investments in 2023
On May 30th, Edita acquired 100% of the frozen bakery producer Fancy Foods.
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Sawiris' Orascom Financial receives offer to sell 90% stake
The Sawiris family's Orascom Financial Holding (OFH) has received an acquisition offer for up to 90 percent of its shares by investment management.
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Sphinx International Airport receives 1st Wizz Air flight
The Sphinx International Airport on Friday received its first Wizz Air flight from Malpensa Airport, Italy, carrying 247 passengers.
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Allianz Egypt renews partnership with Crédit Agricole Egypt for four years
Aims to provide an array of comprehensive insurance services and solutions through Credit Agricole Egypt’s multiple distribution channels.
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Egypt intends to increase orange exports to India
Problems with orange production in India should also be taken into account, as well as the situation with orange shipments to Ukraine and Russia.
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Tahya Misr Terminal: Steps transforming Egypt into int’l trade hub
During the inauguration of Tahya Misr Terminal in Alexandria, Maeit said that to transform Egypt into an international trade hub.
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Egypt 7th in remittances from workers abroad in 2022: World Bank
Remittances are highly complementary to government cash transfers and essential to households during times of need.
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UAE leader probes trilateral cooperation in Russian Industrial Zone in Egypt’s SCZone
In 2021 an agreement was made to further expand the zone over an area of five million square metres.
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Egypt's GAFI ranks 1st among 74 IPAs worldwide in WAIPA report's EGS Practices index
GAFI won early in May for the fifth year in a row the first place, in the MENA region, in the 12th edition of the Annual Investment Meeting (AIM 2023)
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Sisi and CEO of French shipping CMA CGM discuss expansion in Egypt
The Tahya Misr multipurpose maritime terminal is expected to function as the heart of the logistical station established behind the Alexandria port.
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Egypt Can Become A Hub For Sustainable Aviation Fuel Production
Egypt could emerge as a key player in the SAF industry across the Middle East and North Africa.
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Egypt submits application to join BRICS
On June 2nd, the foreign ministers of the BRICS member countries, namely Brazil, Russia, India, China, and South Africa, met in Cape Town.
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Russia, Egypt to conduct transactions in national currencies: Russian official
Aksakov added that the percentage of the dollar in international currency trading had shrunk in two years from 70 percent to 60 percent.
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Egypt and FAO discuss joint cooperation in environmental projects
Their meeting focused on enhancing bilateral cooperation in adaptation projects and linking climate change, biodiversity, land use.