News
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Amr Adib addresses speculations on new US dollar saving certificate
During his show “al-Hekaya” (The Story), on MBC Masr on Saturday, Adib said that there must be US dollar vessels to attract Egyptians abroad.
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S&P raises Egypt’s PMI score to 47.8 in May, its highest since Feb 2022
Egypt’s PMI (Purchasing Manager’s Index) witnessed a slight climb in May to reach 47.8 from April’s 47.3.
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Russia, Egypt Discuss Energy Cooperation - Energy Ministry
The Russian minister assessed the bilateral energy cooperation with Cairo as successful, saying that joint exploration and production continue.
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Egypt eases licensing for private free zones in investment drive
The Egyptian government approved on Monday amendments to the investment law, which will simplify the conditions for issuing licenses for private free.
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How Egypt is drawing Chinese investors with the Suez Canal shortcut to Europe
In recent months, Egypt has secured investment deals with Chinese companies worth more than US$8 billion for its Suez Canal Economic Zone (SCZONE).
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Easing inflation slows down decline in Egypt's non-oil economy in May: S&P
The decline in Egypt's non-oil private sector slowed down in May, as demand stabilized and inflation eased, S&P Global Egypt PMI.
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Egypt's GAFI, Petrotrade sign cooperation protocol on safe disposal of petroleum waste
On its side, Petrotrade will be committed to offering its services in competitive prices under the umbrella of GAFI.
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Google will apply new 14% VAT on its services in Egypt on 1st of July
Google noted that it will charge the VAT on its “e-services unless we have your Egyptian Tax ID number”.
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Egypt’s automotive industry has the potential to become the largest on the continent
This is supported by existing incentives and market dynamics, along with government plans to localize the industry.
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Egypt to Cultivate 600,000 Feddans of Cotton to Meet Needs of New Factories
He mentioned that with regard to short-staple cotton, our factories need most of Egypt's production of long-staple cotton.
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Saudi Arabia inks 2 MoUs with Egyptian entities for industrial cooperation
Saudi Arabia signed two memoranda of understanding (MoU) with Egyptian entities during a visit by the Saudi Minister of Industry and Mineral Resources
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Egypt Advances 10 Spots in Renewable Energy Country Attractiveness Index
The index aims to measure the most attractive countries in the renewable energy sector.
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TAQA Arabia powers into Egypt’s stock market listing
Beginning Sunday, TAQA Arabia's shares will be included in the EGX database under the ticker symbol (TAQA.CA) and will be assigned to the utilities.
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Egypt doubles frozen strawberry exports to the EU in the past five years
In 2018, Morocco was the leading exporter of frozen strawberries to the EU, with Egyptian exports being slightly lower: 62,000.
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9 Years of Accomplishments: Egypt's Tourism Sector witnesses major growth in President Sisi's rule
This rapid growth is facilitated by improving accessibility to Egyptian tourist destinations & multiplying the number of airline seats to Egypt.
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Egypt to increase FY 2023/24 healthcare spending by 15 percent
The government plans to raise healthcare spending by 15 percent in FY 2023/24.
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East Port Said ranks 10th in the World Bank’s Container Performance Index
The aim of the CPPI is to pinpoint areas for enhancement that can ultimately benefit all parties involved.
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Why are Egyptian expats hesitant to send money back home?
Remittances by Egyptians working abroad plunged by 23 percent during the first half (H1) of the fiscal year 2022/2023, declining to $12 billion.
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Flynas operates weekly flights to Sphinx Airport from Riyadh and Jeddah
This will make the airport its fifth destination in Egypt as Flynas moves forward with its expansion plans in the Egyptian market.
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Egypt Aspires to Attract More Russian Tourists
These meetings came in coordination with Ambassador Nazih Al-Najari, Egypt's Ambassador to Moscow.