News
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EBRD, EU, ILX allocate €300 million to enhance private sector financing in Egypt and beyond
The announcement was made during the EBRD's annual meetings taking place in Uzbekistan.
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Egypt: Kima’s net profits exceed $32.3mln in 9M-22/23
Operating revenues jumped by 65% to EGP 5.13 billion in 9M-22/23 from EGP 3.12 billion in 9M-21/22, according to the financial results.
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Artisans in Egypt carve a path to world luxury markets
As businesses struggle to fill the talent gap, they also face the headwinds of a painful economic crisis.
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Egypt’s raises microenterprise finance limit by 10%
Egypt’s Financial Regulatory Authority (FRA) increased the maximum financing limit for microenterprises by 10 percent up from EGP 200,000 ($6,465).
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Apache wants more concession areas in Egypt’s desert
The Apache Oil Company is trying to acquire a large number of new areas in Egypt to search and explore for oil.
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EBRD expects Egypt’s real GDP growth for FY2022/2023 to reach 4%
The EBRD released these updates in its Regional Economic Prospects report during its annual meetings held in Uzbekistan.
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First Smart Lithium Battery Factory inaugurated in Egypt
The company expects an increase in demand for lithium batteries in Egypt and the region driven by the growth of the environmentally friendly transport
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Egypt, UNDP discuss joint cooperation in health sector
The minister praised the program’s keenness to extend the roots of cooperation with the health sector in Egypt.
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Why Egypt’s inflation declined in April 2023? CBE explains
Annual food inflation dropped from 62.9% in March 2023 to 54.7% in April 2023 while annual non-food inflation remained largely stable.
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Start-ups in Nigeria, Kenya, and Egypt receive high praise for their innovation in tech
The African Private Capital Association's annual conference earlier this month held its 9th Annual AVCA Conference & Venture Capital Summit.
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Egyptian exports to four major European countries surge in 2022: Minister
Egypt's exports to Germany, Spain, France and the UK have surged in 2022 thus lowering the trade deficit with these four major European.
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Qatar is interested to manage and operate Egypt’s Cairo Ring BRT system
The BRT system is one of Egypt’s most important sustainable mass transit projects to be implemented.
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India’s Ashok Leyland to bring electric cars to Egypt
The share of electric vehicles in the Egyptian car fleet is expected to increase from mid-2023.
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Al-Mashat Launches 4th Evaluation Round of GPEDC
The GPEDC is the main platform for relevant parties and stakeholders to exchange knowledge, experience and information.
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FDC Summit supports cybersecurity, with participation of over 6,000 professionals
The meetings also aimed to discuss ways to enhance the investments of international companies in the Egyptian market.
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Egypt, Indonesia ink deal to boost bilateral trade
The Egyptian trade minister and his Indonesian counterpart signed an agreement to form a trade committee to support trade between both countries.
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Egypt’s Sovereign Fund received offers for Safi as part of IPO program, says sources
One of the potential offers may be coming from UAE’s food and beverage company, Agthia.
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Egypt’s PM Reviews with World Bank Industry Development Strategy
the national industrial development strategy is being prepared in cooperation and benefit from the expertise of international partners.
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Egypt to study launching renewable energy interconnection project with Europe via Italy
The MoU was signed by Sabah Mashaly, Chairperson and Managing Director of the EETC, and Terje Pilskog, CEO of Scatec ASA.
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Egypt’s exports record significant increase in 2022: Trade Minister
The minister added that trade exchange between Egypt and Greece increased during 2022 by 19.7%, reaching €2.06bn, compared to €1.72bn in 2021.