News
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Egypt's central bank extends credit regulatory facilities for SMEs to mid-2024
CBE has extended credit regulatory facilities approved for Small and Medium Enterprises (SMEs) to the end of June 2024.
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Discussed: Egypt's integrated strategy to decarbonize, reduce emissions
Egypt's petroleum sector has adopted a vision to work on switching to low-carbon sources of energy and decarbonization.
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Parliament greenlights 2 grants from EBRD to renovate Cairo Metro
The first grant from EBRD amounts to €1.850 million and will be used to appoint consultants to support the rehabilitation plan of Metro line 2.
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BEBA’s trade mission in UK to promote Egypt’s investment opportunities
Mission includes Egyptian Petroleum Minister, Finance Minister, GAFI CEO, CBE Deputy Governor, along high-level investment delegation
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Egypt’s steel factories face shutdowns
El Garhy Steel has stopped production since the beginning of the current year due to the lack of the required materials.
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Egyptian Logistics Startup Trella Raises USD 3.5 M Funding
Trella is a real-time B2B technology platform and trucking marketplace that connects shippers and carriers.
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Saudi Arabia grants Egypt EGP 150 mln to support small industries
Egypt’s Micro, Small and Medium Enterprises Development Agency (MSMEDA) has signed an EGP 150 million (about $4.8 million).
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9.9 million licensed vehicles in Egypt
Cairo came at first ranked as number of vehicles reached 2.6 million vehicles by 25.8%, followed by Giza 1.3 million vehicles.
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Egypt, ROK sign 460-mln-USD deal on financing Cairo metro project
The deal is for manufacturing 40 trains that include 320 carriages for the second and third lines of the metro in Cairo.
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Egyptians Create Visit "Wonderful Egypt Hashtag" to Promote Egypt's Tourism
According to the Minister of Tourism Ahmed Issa, the number of visitors to Egypt is expected to increase by 28 percent this year to 15 million.
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Government aims to earn $2bn from sale of either Vodafone Egypt or Beni Suef power station
Telecom Egypt, which is 70% owned by the government, intends to sell all its shares in Vodafone Egypt, amounting to about 45%.
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Environment minister: Ateco Pharma Environment-friendly factory
The minister also called for sorting all kinds of wastes and agreeing with specialized companies to collect and recycle them.
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Saudi Egyptian developers, NUCA to launch M8 phase in Marina El Alamein
The “M8” resort is Marina’s latest phase and is expected to be delivered in three years.
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Banks offer EGP 57bn within mortgage finance initiative for low-income people
Both banks and companies participating in the initiative offered EGP 59.43bn to about 509,000 customers.
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Panda bonds may be solution to reduce pressure on US dollar demand in Egypt
China has the highest economic growth rate and expansion around the world, Egyptian economist Ahmed Khattab, said.
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Egypt: Arab Cotton Ginning posts profits in 9M-22/23
The recorded net profits were lower by 18% year-on-year (YoY) than EGP 31.65 million, according to the financial results.
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TMG profits exceed expectations, its share records EGP 15: Naeem Brokerage
Talaat Moustafa Group’s profit margins improved to 35.2%, up 3.4%, exceeding estimates for the value by 34%.
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Egyptian billionaire Samih Sawiris to invest in mega tourism project in Saudi Arabia’s Red Sea
Egyptian billionaire Samih Sawiris announced plans to start investments in Saudi Arabia during the second half of this year.
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Egypt, Iraq sign 11 MoUs, discuss reconstruction projects
The two prime ministers attended the signing of 11 MoUs in the fields of funding and providing technical support to SMEs.
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Egypt Post launches project to convert mail trucks to electric
Two mail trucks were converted to electric, along with a new electric vehicle, to be used in distribution services.