News
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Nuweiba city opens up its largest tourist market
The tourist market is a valuable addition for international tourism development in the city.
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ValU partners with Telda
To offer instant cash redemption and installment solutions to users of “Sha2labaz” in the first-of-its-kind digital offering in the Egyptian market.
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Economic crisis in Egypt pounding its tilapia, fishmeal industries
An ongoing economic crisis in Egypt is shaking the country's seafood sector, as it faces historic currency devaluation.
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Build Your Skincare Routine with Organic Products from Egyptian brands
As prices of imported skincare products soar and environmental awareness rises, these brands fill a growing demand for local, organic brands.
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Egypt’s Tatweer Misr announces real estate JV with Saudi’s Naif Alrajhi Investment
The JV will develop integrated urban projects and tourist resorts in Saudi Arabia.
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AfDB highlights Egypt’s easing inflation, lowers avg. inflation rate forecast for next FY
Egypt’s GDP is expected to grow to 4.8 percent in FY2023/2024, slightly higher than the previously forecasted 4.4 percent for the current fiscal year.
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Arab Developers turns profitable in Q1-23; revenues skyrocket 137%
The sales hiked by 413% year-on-year (YoY) to EGP 1.30 billion in Q1-23 from EGP 316 million, according to the financial results.
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Real estate market in Egypt turns to US dollar – the looming threat of dollarization
Sales have recently been carried out in Egypt in dollar, amid the rise in the price of the dollar against the Egyptian pound.
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Raya Contact Center’s Q1 consolidated profit soars 563.15% YoY
he company also generated consolidated revenues of $14.3 million in the January-March period of 2023.
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Egypt sells treasury bills worth LE46 billion, at interest rate of 23.8%
Egypt’s Finance Ministry accepted about 453 bids to sell treasury bills put forward by the Central Bank of Egypt in its last bid on Thursday.
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Foodico’s net profit soars 88% YoY in Q1
Foodico is an Egypt-based public shareholding company engaged in the food industry.
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Maboudly, Real Estate Development Chamber discuss measures to boost sector
The meeting centered on discussing mechanisms and suggestions to strengthen the local real estate market.
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Sharkia National Food switches to profits in Q1
Sharkia National Food's main activities include feed manufacture and fattening cattle.
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Egypt to increase fees on citizens departing the country
Egyptian Finance Minister Mohamed Maait announced new departure fees for Egyptians traveling abroad, approved by the parliament in principle.
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Egypt's public enterprise ministry prepares offerings in subsidiary companies
The Egyptian Ministry of Public Enterprise is preparing a comprehensive roadmap offering investment opportunities within its subsidiary companies.
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The UK provides €80M guarantee to the AfDB for a wastewater project in Egypt
AfDB aims to increase climate financing in the countries of the African continent until 2027.
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Egypt’s CardoO raises $600,00 round and launches IoT-enabled smartwatch
Egypt-based startup CardoO has launched its Internet of Things (IoT)-enabled smartwatch after securing $660,000 in funding.
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Egypt, UAE discuss boosting cooperation in aviation domain
The two sides probed developing cooperation in aviation-related activities, reiterating readiness to enhance technical cooperation.
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Egypt Prepares to Launch Investment Company for Expatriates Abroad
PM Mostafa Madbouly held a meeting Sunday to review the features of the proposal submitted by a number of investors abroad.
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Russian Tourists Go To Egypt as Travel to Europe Remains Restricted
As France 24 explains, the difficulties in travel from Russia to European holiday destinations stem from the invasion of Ukraine in February 2022.