News
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Egypt: Domty discloses dividends payment date for 2022
The cash dividends will be paid on May 14th, with the eligibility in distribution to shareholders until May 9th’s trading session.
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Packaging giant, Sorma Group, celebrates 50th anniversary at Macfrut 2023
Sorma Group highlighted the importance of its relationships for the company’s growth ever since its launch in 1973.
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Israel, Egypt to expand gas pipeline infrastructure
Increased production in Israeli fields necessitates transporting more gas to Egypt, which is then converted to LNG and sold to Europe.
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Wego and Egyptian Tourism Authority sign a new deal
Egypt has a variety of activities and experiences to offer visitors during summer and Eid Al Adha.
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TAG Oil achieves first oil production in Egypt’s Western Desert
On flowback, the well unloaded to surface under natural flow and cleaned up approximately 40% of the injected fracture fluid.
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Egypt to decide by Wednesday on allowing citizens to import duty-free gold
The Egyptian government to decide by Wednesday whether to allow citizens returning to the country to bring up to 150 grams of gold duty free.
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Suez Canal revenue surges to $904.5 million at end of April 2023
In comparison to the same month in 2022 when it totaled $630.5 million, the Suez Canal's revenue increased by almost $274 million at the end of April.
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Egypt upgrades budget deficit target for FY2023/24 to 7% of GDP
The country also expects the budget deficit to hit 8% of GDP in the current fiscal year from the previous forecast of 6.8%.
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Egypt’s authorities debunk rumors of forged LE100 banknote
Egyptian security services debunked rumors circulating on Facebook warning citizens against a counterfeit LE100 banknote in the markets..
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Egypt’s value of exports witness a $24B increase in 8 years
Egypt advanced 1.8 points in the trade and business index to score 4 points in 2023 comparedto 2.2 points in 2020.
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Egypt's duty-free car import initiative brings in nearly 30% of target
Egypt’s initiative enabling citizens outside the country to import cars free of customs duties and taxes has brought in $713 million in transfers.
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2023-2027 Country Partnership Framework bet. Egypt, World Bank endorsed Sunday
The new CPF was prepared through joint work and continuous discussions with all relevant parties from the national authorities.
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Egypt's Government Supports Irregular Laborers, Plans to Register 2.5 Million People
The government disbursed about 4.586 billion pounds in 6 installments, from April 2020 to March 2021, to irregular laborers.
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Q&A on development cooperation relations bet. Egypt, World Bank
The Ministry issued a report following the launch of the Country Partnership Framework 2023-2027.
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Egypt sovereign fund and private sector partner to launch B2B pharma venture
The healthcare subfund of The Sovereign Fund of Egypt (TSFE) and B Investments company have entered into a partnership with El-Ezaby pharmacy.
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Suez Canal Exempts FSO Safer's Rescue Ship from Transit Fees
According to the UN, FSO Safer is a supertanker in advanced state of decay that will soon break apart or explode if the world does not act.
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Egypt, UN sign framework of partnership in sustainable development cooperation Tuesday
The partnership agreement will be signed by International Cooperation Minister Rania al-Mashaat as well UN Resident Coordinator in Egypt Elena Panova.
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Egypt’s authorities release 237K tons of corn, soybeans worth $107M stuck at ports
Al- Quseir, confirmed that the release of fodder supplies is continuing in coordination with the Central Bank.
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Egyptian Irrigation Minister, Australian ambassador discuss joint cooperation
During the meeting, the two officials discussed issues of climate change and its negative effects on various countries of the world.
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Middle and West Delta Flour Mills’ net profit rise 13.62% in 9 months: Egypt
The company also generated revenues of EGP 1.350 billion in the first nine months of FY 2022/23, growing by 46.66% YoY from EGP 920.603 million