News
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UAE’s Dana Gas eyes $100 million investment to drill new wells in Egypt
Mubaideen added that drilling activities for the new wells are expected to commence this year.
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Egypt Advances 46 Spots in Government AI Readiness Index
El-Saed referred to the inauguration of the Egypt Services Center in Aswan, followed by the Sharm El-Sheikh city center.
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Egypt, Italy discuss joint cooperation in environment
During the meeting, the minister praised the extended cooperation over the past years with the Italian side in a number of environmental fields.
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What will happen to Egypt’s debt if US dollar hits LE38?
Egypt’s foreign debt increased by 5.2 percent during the last quarter of last year to reach US$162.9 billion at the end of December.
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Edita Food Industries acquires 100% of Fancy Foods
Local snack manufacturer, Edita Food Industries acquires Fancy Foods, expanding its offering to fresh and ready-to-bake pastry products.
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Australian consortium to launch an $875M phosphoric acid production plant
The consortium will establish a company named Osiris to implement the project which will be located in the city on the Red Sea coast.
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Turkish İskefe to invest $46 mln in Egypt's leather, gelatine markets
The Turkish firm İskefe Holding will invest $46 million in Egypt's leather and edible gelatine markets, according to Minister of Trade and Industry.
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Egypt-Palestine Discuss Reconnecting Energy Grid
Shaker referred to the ambitious strategic plan to produce energy from renewable sources by more than 42% by 2035.
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Lighthouse Education aims to complete two acquisitions by 2024-end
It is worth noting that the value of the first closure of the educational platform amounted to about EGP 553m.
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Xylem official explains reasons behind choosing Egypt for company's water pump investment
“Egypt is a larger economy, and growing faster,” Cerwinka told Egypt Today that this is the main reason for picking Egypt for the company’s investment
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Egypt's Sisi, Turkey's Erdogan agree on reinstating ambassadors
The presidents may meet in person again after Turkey's May 14 election, Cavusoglu said in April.
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Egypt Always Keen to Cooperate with African Institutions, Countries
AfDB is looking forward to meeting the Governor of the Central Bank of Egypt, in the annual meetings for the year 2024.
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Minister Al Mashat participates in 8th NDB annual meeting in China
The MOIC minister is Egypt’s alternate governor for the NDB, with Finance Minister Mohamed Maait as the main governor.
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UNFPA, Pharco sign cooperation protocol to support Egypt’s family planning
The minister indicated that the programs that the state is working on to solve the population issue do not primarily look at the number of births only
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Alba strengthens ties with Egypt’s Aluminium Sector
Shaikh Daij bin Salman bin Daij Al Khalifa, highlighted the Company’s keenness on strengthening ties with key aluminium producers.
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Armed Forces receive 2nd MEKO A-200 frigate from Germany
The Armed Forces received on Monday the second MEKO A-200 frigate, which is built by German shipbuilder ThyssenKrupp Marine Systems (TKMS).
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Japan sees Egypt as the gateway to Africa
Relations between Egypt and Japan have been strong throughout history and Japan is working to upgrade it into a truly strategic partnership, she added
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161% increase in net profit of Suez Canal Bank in 1Q 2023
He added that this was supported by an increase in net income from returns by 90% to reach EGP 707m in March.
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Egypt inaugurates new expansions to North Geisum Oil Field
Minister of Petroleum and Mineral Resources Tarek El-Molla has inaugurated the expansions of the North Geisum Oil Field at the PetroGulf Misr.
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Egypt procures 3 mln T of local wheat so far - government official
Egypt, one of the world's biggest wheat importers, has sufficient strategic wheat reserves until the end of November, Kamal Hashem told Reuters.