News
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Estate Waves launches Meta Egypt, and expands the proptech ecosystem in Africa
Coldwell Banker Egypt partnered with Estate Waves to launch a prop-tech platform dubbed Meta Egypt.
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CAPMAS: Egypt-Mauritania Trade Exchange Increases 11.3%
The value of Egyptian exports to Mauritania recorded $41.1 million in 2022, compared to $38.3 million in 2021.
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Planning Ministry allocates direct investments of LE 83.4B into telecom and IT sector
Te plan is focusing on the telecommunications and information technology sector considering its importance and contribution to Egypt’s economy.
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South Valley Cement’s losses surge in Q1-23
Meanwhile, the loss per share went up to EGP 0.07 in Q1-23 from EGP 0.06 in the first three months (3M) of 2022.
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Germany launches job creation initiative in Egypt
Germany’s 2023 Investment for Employment initiative kicked off on Thursday, with the goal of boosting private sector job creation in Egypt.
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Here’s where Egypt has started its cashless system for tickets
Cash payments are suspended in full, so that dealings are done through cashless payments.
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16.8% of Egyptians are smokers; 34 millions exposed to secondhand smoke
The UN commemorates the World No-Tobacco Day annually on 31 May to raise awareness of the harmful and deadly effects of tobacco use.
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Egypt population reaches 105m
On Oct. 1, 2022, the database put the population at 104 million, meaning that there has been an increase of 1 million in 245 days.
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Egypt slashes down payment on imported goods fees
The Ministry of Finance has reduced the down payment importers have to pay in advance on customs fees from 30 to 1 percent of the total amount of fees
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CBE pays $7.154 bln in debts for Egypt
The CBE’s statistical bulletin showed that the debt burden service was divided into paid installments of $5.843 billion, and paid interest of $1.311bn
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Egypt might flood the global dates market within the next five years
Egypt is gearing up to boost exports of dates and to take the crown of the largest global exporter away from the current leader Israel.
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Marsa Shagra Resort solar-powered desalination plant in Egypt
40% of the total cost of the first solar-powered water desalination plant in Marsa Alam spend on solar installation.
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Egypt's PM kicks off visit to Alexandria to inspect projects
Prime Minister Mostafa Madbouli on Saturday kicked off a visit to Alexandria governorate to follow up the implementation progress.
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Decline in Egyptian Smokers
Among those aged 15 to 24, 11.7 percent smoke. There was no significant difference between smoking rates in urban and rural areas.
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Egypt and Japan's Sumitomo start construction of $100 million car electric-wiring factory
The Minister of Trade and Industry Ahmed Samir laid the foundation stone at Sumitomo Electric Egypt's new vehicle electric-wiring harness factory.
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Emigration min.: State deeply interested in Journey of the Holy Family tourist project
Gendi also highlighted the great significance of the Holy Family tourist project to promote religious tourism.
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Samsung to Establish New Mobile Phones Factory in Egypt's Beni Suef
It was agreed to establish a Samsung factory to cover the requirements of the company's customers in Egypt on an area of 6,000 square meters.
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Al-Mashat Witnesses Graduation of 8 Startups Within 1st Batch of Technical Support Program for CFA
CFA includes 8 startups in the field of energy, blue economy, manufacturing and circular economy, agriculture and land use, and waste management.
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What climate projects will be financed at Africa’s 2nd regional climate forum?
The second edition of the Africa Regional Forum on Climate Finance would discuss ways to finance and implement a number of climate projects in Africa.
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CBE: Egypt Paid $11.9 Billion in Foreign Debt within 6 Months
CBE paid about $7.154 billion by the end of Q2 2022/23, representing installments and interests for outstanding debts.