News
-
China’s Envision to supply wind turbines for Egypt’s 500MW Amunet wind farm project
UAE-based AMEA Power is developing the Independent Power Plant (IPP) project, which is expected to be commissioned by mid-2025.
-
Thrifty tourists pile into Egypt as travel costs dive amid currency depreciation
Zedenko Krabich, a 42-year-old tourist from Croatia, was on a trip to the Red Sea resort of Safaga in southeastern Egypt for medical purposes.
-
Egypt to allocate $4.1 bln for food subsidies in 2023/24
Egypt, a nation of 105 million people, is one of the world's biggest wheat importers and also relies on imports of other basic foods and fuel.
-
Egypt sees 600k new Internet users, while landline customers decline
The number of fixed internet users increased by 0.76% to 11.32 million in March, compared to 11.24 million users in February.
-
Egyptian travellers bring home 194 kg duty-free gold in a month
Egyptian travellers brought more than 194 kilograms of gold from abroad, exempted from customs duties and other fees, from 11 May to 11 June.
-
127 Thousand New Investors Joined Egyptian Exchange During First 3 Months of 2023
The EE divided the number of new investors over the stock exchange into 126,000 individual investors and half a million institutional investors.
-
Gov't eyes 50% increase in green investments during FY2024/2025: Planning min.
The Sovereign Fund of Egypt (TSFE) is working for luring green infrastructure investments.
-
China’s Vivo officially starts smartphone manufacturing in Egypt
Vivo is looking to expanding its business to meet the domestic and export demand.
-
A new solid waste recycling plant in Nag Hammadi
The Nag Hammadi solid waste recycling plant was inaugurated on 9 June 2023, in the wake of World Environment Day on 5 June.
-
Egyptian minister says no credit line has been opened with India
Nothing of the sort has been implemented but there are discussions so that we can trade in local currencies of countries like India, Russia or China.
-
Why did Egypt's inflation start to rise again in May?
Egypt's inflation started to rise again in May, with experts ascribing the increase to the dollar crisis and its impact on imports.
-
Egypt, Morocco explore maximizing investment opportunities in chemical industries
Mageed explained that the Council’s strategy is to introduce a green and circular economy in Egyptian products exported to the Moroccan market.
-
The Ministry of Tourism aims to increase the number of tourists to 30 million by 2028
Middle East region performance was the strongest compared to other regions following the coronavirus pandemic.
-
Delay of Egypt-Saudi power linkage caused by supply chain disruption, Ukraine crisis
The project is to link their power grids and allow the gradual exchange of up to 3,000 megawatts of electricity at a value of $1.8 billion.
-
Arma Group embarks on digital transformation journey powered by SAP
Partnership with SAP will see popular Egyptian brand leverage cloud solutions at escalated pace, while also co-innovating on new FMCG solutions.
-
Egypt's real estate market can improve with investment funds: Experts
The Egyptian real estate market can drastically improve if real estate investment funds are introduced and fully integrated into the market.
-
Egypt: Tecnimont leads consortium for KIMA’s $300mn fertiliser plant
To be operation-ready in the first half of 2026, the $300 million (AED1.1 billion) plant is designed to produce 600 tonnes per day of Nitric Acid.
-
30% of development cooperation portfolio directed to private sector: Al-Mashat
The ministry is cooperating with private sector groups in Egypt to strengthen international partnerships
-
Environment Minister, SCZONE Chairperson discuss joint cooperation
Fouad said that there are three tracks of joint cooperation with the authority in the future stage.
-
Egypt needs 1 million new jobs annually
Egypt needs to create one million new jobs each year to accommodate its growing population and sustain economic growth.