News
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CBE Governor: AfDB Plays Key Role in Promoting Economic Development within Continent
This comes within the framework of the Egyptian state’s keenness to strengthen and deepen cooperation with African countries in all fields.
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Corn import bill increases to $1.5bn monthly: Poultry Association
The poultry industry in Egypt consumes 500,000 tonnes of corn per month, approximately 6 million tonnes per year.
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Capgemini Egypt announces its platinum sponsorship of GUC’s annual internship and employment fair 2023
The reputable fair that has been running for more than 15 years, has been catering to the GUC community and its esteemed corporate partners.
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Big 5 Construct Egypt returns bigger than ever to shore up sustainable growth in $68.5 billion market
The upcoming edition of Big 5 Construct Egypt is endorsed by the Ministry of Housing, Utilities, and Urban Communities.
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Egypt pharmaceutical exports poised for 420% growth by 2030
Egypt's pharmaceutical sector is poised for significant growth, with the potential to achieve $5 billion in exports by 2030.
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Egyptian exports to the US fall to US$2.3 billion in 2022: CAPMAS
The Central Agency for Public Mobilization and Statistics reported a decrease in the value of Egyptian exports to the US during 2022.
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Xylem officially inaugurates water pumps manufacturing facility in Egypt
The plant, a joint venture between Xylem and local firm Tiba Manzalawi Group, was inaugurated on Monday by the Egyptian Minister of Trade and Industry
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Russia intends to waive entry visas with Egypt
Bogdanov added that there is a special value Russia attaches to countries of the Islamic world, the Arab world, and Africa.
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Egypt’s exports to US slide 8% in 2022
Egyptian exports to the US witnessed a decline of around 8 percent to $2.3 billion in 2022, down from $2.5 billion in 2021.
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Egyptians Can Now Open Bank Accounts without a Minimum Deposit
This comes in light of a larger set of initiatives that were launched on 27 April for Arab Day for Financial Inclusion.
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Infinity Tower in Egypt's New Administrative Capital reaches 55% construction completion
The tower has now reached a height of 100 metres (m) out of its full 210m, the developer said in a press statement.
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AfDB to provide $345M partial credit guarantees for green initiatives funds support
The African Development Bank Group approved a partial credit guarantee of $345 million to Egypt to finance green and social projects.
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Egyptian remittances from Arab countries decline in FY2021/2022
Egyptian expats’ remittances from Arab countries declined in fiscal year 2021/2022, while trade with these same countries increased over 2022.
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EgyptAir halts visit tickets to Saudi Arabia during Hajj season
The company’s statement added: “This will take into effect as of Tuesday, May 30, until Wednesday, June 28”
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Grand Egyptian Museum has 50% of heaviest antiquities installed
Egypt’s Minister of Tourism and Antiquities Ahmed Issa recently held a meeting via video conference to receive an update on the preparatory work.
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58th AfDB annual meetings to kick off Monday in Sharm El-Sheikh
The 58th Annual Meetings of the Board of Governors of the African Development Bank (AfDB) kick off today in Egypt.
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Egyptian manufacturers negatively affected by high costs of local raw material
Raw material producers allocate most of their production for export at a time when the factories are less able to secure hard currency.
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ADNOC, ENOC and Petromin named in bid for Egypt’s Wataniya
Egypt’s Wataniya and the National Company for Natural Water Bottling, known as Safi are on offer.
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Egypt's Raaed Developments commences construction of ROOTS project in New Sohag
Sabbour Consulting is the project architect while Behairy Consultant Engineering is providing engineering and construction supervision services.
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Finance Minister, ambassador Hong Jin-wook talk solutions to problems against Korean companies in Egypt
As a result of these efforts by the Egyptian government, many Korean companies have invested in the Egyptian market and expanded their presence there.