News
-
Egypt's exports to EU increased to 16.3 billion Euros in 2022
Egypt's exports to the European Union countries witnessed a big boom in 2022, with an increase of 79.1% to reach about 16.3 billion Euros.
-
Will Egypt be removed from MSCI indices?
Morgan Stanley, the global equity indices firm, recently published an unusual assessment of the Egyptian economy in its MSCI indices.
-
Egypt approves work-from-home trial for government employees
Cabinet ratifies committee proposal to allow working remotely for six months.
-
Two GCC companies interested in buying Egypt’s Gabal El Zeit, Zafarana wind farms
The two companies are among seven international and local firms interested in the takeover deal, including Egypt-based renewables provider Infinity.
-
Egypt is said to plan selling further 10% stake in Telecom Egypt
The drive is part of a broader program to revamp Egypt’s economy.
-
East Delta Flour Mills’ profits surge 15.23% YoY in 9 months: Egypt
East Delta Flour Mills reported a 15.23% year-on-year (YoY) surge in net profit after tax for the first nine months of fiscal year (FY) 2022/2023.
-
Moody’s puts Egypt’s B3 ratings on review for downgrade
The credit ratings agency has also placed the country’s B3 foreign currency senior unsecured ratings.
-
Kahira Pharmaceuticals’ profits fall 62.9% in 9 months: Egypt
Kahira Pharmaceuticals is an Egypt-based company involved in the manufacture and trade of pharmaceutical products.
-
E-Tickets for all archaeological sites in Egypt to be available starting May 15
The Chamber of Tourism will start implementing e-payment services at the ticket counter of museums and archaeological sites
-
Egypt, Portugal ink health cooperation protocol
Under the agreement, health sectors in both countries will exchange expertise and information.
-
Egypt's annual inflation eases for 1st time in 10 months
Annual headline inflation dropped to 31.5 percent in April, down from 33.9 percent in March, recording the first monthly deceleration in 10 months.
-
Top reasons for tourists choosing to visit Egypt: Report
The report said that Egypt is a country with wonderful history, culture, beauty, archaeological treasures, ancient civilization, and unique tourist at
-
Egypt procures more than 1.6 mln tonnes of wheat so far this season
Egypt has procured more than 1.6 million tonnes of local wheat so far this season, an agriculture ministry official told Reuters on Wednesday.
-
Moody’s place Egypt on review for downgrade
The review period will focus on the government's ability to finalize the targeted $2 billion in asset sales necessary to meet the IMF program targets.
-
Embassy of Sweden & Egypt host Energy inter-connectivity event
The Embassy of Sweden alongside the European Union (EU) Delegation to Egypt hosted an energy inter-connectivity event on Tuesday.
-
Egypt Approves Agreement to Eliminate Double Taxation with Qatar
The application of the agreement in Qatar on income tax and corporate tax includes the “Qatari tax”.
-
French Legrand announces new expansion plans in Egypt, exports 45% of local production
The inauguration ceremony was attended by Benoît Coquart, global company CEO, and Nicolas Hobeilah, Legrand Managing Director in Egypt.
-
Telecom Egypt hails final 2Africa cable landing
The cable system is expected to be completed in 2024 and will stretch 45,000km connecting 33 countries through 46 landings
-
Egypt’s Fintech Balad Secures Seven-Figure Pre-Seed Fund Round Led by Acasia Ventures
The investment will be used to launch Balad’s remittance platform, develop its technology, hire new team members, obtain required licenses and more.
-
Naguib Sawiris defends brother’s move to suspend investment in Egypt
Egyptian billionaire Naguib Sawiris defended his brother Samih following outrage after Samih announced he would suspend his investment in Egypt.