News
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Egypt Receives 40,000 Tons of Russian Wheat
This year, the port of Damietta in Egypt received the SABAEK ship, loaded with the largest shipment of its kind of Russian wheat since 1986.
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Egypt Sees Potential in Highly Competitive Medical Tourism Industry
Egypt believes it's well-positioned to take advantage of the surging interest in medical tourism, but it needs to make treatment more affordable.
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Communications Min.: More than 90% of Data Traffic between Asia, EU Passes through Egypt
This came in a speech delivered by Talaat, during the meeting, which was organized by the American Chamber of Commerce in Cairo.
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Remittances from Egyptian expatriates see significant decline
The value of Egyptian remittances during the first half of the fiscal year declined to US$12 billion.
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Indonesia steps up trade engagement with Egypt to access larger African market
Zulkifli Hasan led a trade delegation to the North African country this week as Jakarta seeks to explore export potential in non-traditional markets.
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Egypt’s SCZONE, Saudi’s ACWA Power sign agreement for green fuel project
The two entities agree to work towards a framework agreement for the green fuel project.
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Non-bank financial activities gain luster despite challenges
Companies operating in the non-banking financial sector rely mainly on borrowing from banks to finance their financial operations.
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Egypt Receives Shipments of Sudanese Stranded Cattle through Qastal Crossing
The sources added that the suspended quantities in Sudan will be received successively, on a daily basis, until the end of all the quantities in Sudan
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Condor Announces Twice-Weekly Flights To Sphinx International Airport In Egypt
Condor further invests in the US leisure market, offering seamless connectivity to Giza, home to one of the Seven Wonders of the Ancient World.
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Egypt approves draft law to promote green energy
The law provides incentives for green hydrogen projects and companies involved in its production during the project implementation period.
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Egypt's unemployment rate at 7.1% in Q1/2023
Egypt's unemployment rate was at 7.1% from January to March this year.
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Egypt facilitates VAT exemption for imported production equipment
Egypt has amended the Value Added Tax (VAT) Law to facilitate procedures for waiving VAT taxes on machines and equipment imported for production.
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Egypt’s Paymob expands its footprint into Saudi Arabia
Saudi Arabia’s fintech sector will soon get a new player with Egyptian cashless services provider Paymob.
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Egypt’s Factory 360 and Japan’s MIZUHA sign a joint manufacturing agreement
The device went through several tests in Egypt to ensure that it will be suitable for hot weather, particularly in North African countries.
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Thinking of Investing in Egypt? A New Portal for Investors Now Launched
The portal provides a variety of resources and services for investors, and that they are granted access to monthly investment opportunities.
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Egypt seeks stake sale in $6.5 billion Siemens power stations
Selling stakes in the power stations is subject to the approval of German banks.
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Egyptian researchers develop new photovoltaic cell.
Egyptian researchers have developed a novel hole transport layer (HTL) for inverted perovskite solar cells using silver thiocyanate.
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Egypt to announce state’s tax policies document within 3 months
Minister of Finance Mohamed Maait has already mandated an international consultancy office to set the document, Madbouly added.
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Egypt inks agreement with GlaxoSmithKline to enhance health in the country
The agreement encompasses several key areas, including increased public awareness campaigns and specialized training for professionals.
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Orascom Construction Divests Construction Chemicals Subsidiary for EGP 1.8 Billion
Orascom Construction’s share of the gross proceeds for its 28.25% effective stake amounts to EGP 1.8 billion.