News
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Scenarios for CBE decision on interest rate in Egypt
Many citizens and investors are awaiting the Central Bank of Egypt’s meeting, next central bank meeting is scheduled on May 18.
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Egyptian Minister of Tourism predicts 15 million tourists to visit Egypt in 2023
The predicted tourism movement in 2023 is 15 million tourists, which is a big positive indication for Egypt's tourism industry.
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Egypt Receives 15 New Railway Wagons from Hungary
This brings the total that has been supplied since the beginning of the signing of the deal with the Russian-Hungarian alliance to 770 wagon.
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1.9 million tons of wheat supplied by local farmers so far
Egypt bought 4.2 million tons of local wheat from farmers during the last season. The supply of wheat will continue until the end of September.
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Egypt, Germany collaborate on innovation support project for General Administration
The objective is to support innovation and collaboration to establish a lab for developing government applications.
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Susan Sabet Shares What to Expect from Egypt's First-Ever Fashion Week
The inaugural edition of the Egyptian Fashion Week will kick off at the Egyptian Museum in Cairo on Friday.
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Suez Canal Economic Zone collaborates with global operators to boost ports' competitiveness
The authority places a great premium on expanding its ports in order to increase their competitiveness with neighboring peers.
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Egypt's finance minister responds to criticism from MPs on budget deficit
Egypt's Minister of Finance Mohamed Maait was in the hot seat on Wednesday and Thursday to respond to attacks he faced from MPs.
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Alexandria Flour Mills’ profits hike 26.9% YoY in 9 months
Net profit after tax grew to EGP 31.017 million in the nine-month period ended March 31st from EGP 24.434 million in the same period of FY 21/22.
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Telecom Egypt might add additional 10% stake on Egyptian Exchange
The government has set the indicative price for the offering at LE 22.25 per share, which represents an offering size of approximately LE 3.8 billion.
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Sisi orders optimum management, use of mineral resources, raw materials
The meeting discussed ongoing efforts to promote Egypt’s use of its mineral resources, with special focus on Tantalum element.
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Demand for gold in Egypt 'doubled' in Q1 2023: World Gold Council
The report revealed that demand for buying bars and gold pounds in Egypt doubled to 7 tons in the first quarter of this year.
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Egypt: Leading textile executive pushes for low-interest loans to save industry
Textile manufacturing is Egypt’s second-largest industry, but it was severely impacted by the pandemic and now the country’s economic downturn.
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Egypt leads in fresh strawberry exports to Malaysia
In the whole MY 2021/22, Egypt exported above 740 tons of fresh strawberries to Malaysia, almost two and a half times as high as five years ago.
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Counting on India, China & Japan in changing world order, says Egyptian official
India & China are big markets, adding that there is huge opportunity for Egypt & India with regard to green energy.
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Israel-Egypt Onshore Gas Pipeline Advances With Cabinet Approval
Israel’s gas network operator INGL is set to build a second pipeline aimed at boosting Israel-Egypt gas flows following this week’s Cabinet approval
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Export Summary-Egypt buys veg oils; U.S. soybeans sold to "unknown"
Egyptian state grains buyer GASC said on Thursday it had bought 34,000 tonnes of vegetable oils in an international tender.
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Egypt decides 6-month gold imports' duty free
Egypt on Thursday announced to exempt gold imports from customs duties and other fees while added value taxes will remain to make stability.
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Uzbek low-cost air carrier to launch direct flights to Hurghada
Uzbek low-cost “Centrum Air” air carrier has announced the launch of direct flights from Uzbekistan’s capital Tashkent to Egypt’s Hurghada.
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Nine Egyptian companies rank on Financial Times’ Africa's fastest growing companies
The rankings were determined by calculating the compound annual growth rate (CAGR) of revenues between 2018 and 2021.