News
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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.
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Egypt’s automotive sales fell by 69% y-o-y in April, passenger car sales down by 70%
The AMIC attributed the downtrend to the continued impact of the foreign currency shortage.
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Taaleem acquires 32% of SB Investment
Sources told Daily News Egypt that the university will be built over two phases. The first will be completed by September 2024.
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China- Arab Trade Exchange Records $400 Billion
This came during his participation in the Global Summit to Promote Trade and Investment 2023.
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Egypt's parliament approves increase in annual income tax exemption
Parliament approved amendments to the Income Tax Law no.91/2005 to raise annual income tax exemption to EGP 36,000 up from EGP 24,000.
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Egypt’s annual average wheat imports in 5 years total US$ 2.7 billion
The average annual wheat imports from Russia over five years amounted to $1.5 billion.
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Egypt Becomes First African Country to Produce Green Hydrogen in Suez Canal
The economic zone of the Suez Canal and beyond, with billions of investments close to 13 billion dollars.
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Amadeus Egypt, NSAS team up to boost travel sector in Middle East
Amadeus Quick Connect is an end-to-end application programming interface (API) that provides access to flight offers, offers travel options.
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Aton Resources samples 67.5 g/t gold at Abu Marawat, Egypt
Aton has recently undertaken several sampling and mapping programs in advance of the now started RC drilling program.
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Banque Misr secures $260 mln loan from IFC to uplift MSMEs
Banque Misr will receive a $260 million loan from the World Bank's (WB) financial arm, the International Finance Corporation (IFC).
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Egypt is targeting desalination capacity of 8.8mln m3/day by 2050 –minister
The country is seeking long-term partnerships and investments in water desalination projects.