News
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Egypt sees a decline in gas and oil exports
In the months of January and February 2022, exports were recorded at $2.74 billion, a decline of 28.1 percent or $769 million.
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Egypt's Emaarcom Developments launches Mokattam Downtown
He said the project will be completed in four years, adding that Ehaf Consulting Engineers is the main consultant of the project.
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Egypt in negotiations with gold companies to finalize terms of gold exploration agreements
The negotiations are currently underway between those entities and the government revolve around royalty, tax rates among others.
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Egyptian inflation seen inching lower in April: Reuters poll
The median forecast of 13 analysts polled showed annual urban consumer inflation slipping to 31.0% in April from 32.7% in March.
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Egypt’s Alkahera taps Dae Sun for MPP pair
An affiliate of the Egyptian Ministry of Transport, which currently operates two ferries Cairo and Riyadh.
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Egypt Approves MoU With Norway To Explore Grid Connection With Europe
Between the Egyptian Electricity Transmission Company (EETC) & the Norwegian Scatec Company, an MoU has been signed.
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Jazeera Airways endorses regional footprint with new route to Egypt
With the new route, the airline currently flies direct flights to seven cities in Egypt.
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Foreign Investors Can Now Finance Renewable Energy Projects in Egypt
The Ministry of Electricity and Renewable Energy is now offering green hydrogen projects in Aswan, Sohag and the Nile bank.
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Finance, planning ministers to address parliament on 2023/24 budget draft, plan Tuesday
The new budget will raise social spending to EGP 530 billion ($17,147,774,760), including EGP 128 billion.
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IFC investments in Egypt touch $1.5bln
Total number and value of ongoing projects funded by the World Bank stands at 15 and $7.33 billion respectively.
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Egypt introduces new regulations for consumer finance providers
New guidelines for the formation and licensing of consumer finance providers have been published by Egypt's Financial Regulatory Authority (FRA).
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Emaar to open eight new hotels across MENA region
Emaar Hospitality Group has announced plans to open eight new hotels across the UAE, Saudi Arabia and Egypt as a part of its ongoing expansion.
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Egypt on the way to BRICS membership
The BRICS group is not an official organization, but the leaders of its five countries meet annually to deepen and strengthen cooperation between it.
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Egypt’s Mercantile Exchange is considering trade in aluminum, gold
The aim of adding these commodities is that they are highly traded and go through multiple price fluctuations, sources said.
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$548mln increase in Egypt’s international reserves in 4 months: CBE
According to the CBE, the value of gold listed in reserves increased to $8bln in April.
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Exports of Egypt’s building materials sector up 7.1% YoY in 2022
Exports of the building materials industry amounted to nearly $6.9billion last year.
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Egyptian oil and gas exports drop 28.1% in first two months of 2023: CAPMAS
Exports were recorded at $2.74 billion in the January-February period of 2022, representing a decrease of 28.1 percent or $769 million.
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WB Contributed to Financing More Than 175 Projects Worth $25 Bln in Egypt
This came during H.E.’s speech at the launch ceremony of the Country Partnership Framework (CPF) between Egypt and the World Bank Group 2023-2027.
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Egypt’s Sinai Manganese Co seeks private partners to expand industrial portfolio
The company is owned 49 percent by Holding Company for Chemical Industries, which comes under the Ministry of Public Enterprise Sector.
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Egypt, Angola to strengthen bilateral cooperation in the housing sector
The Embassy of Angola is organizing the Egypt-Angola 23rd private sector economic investment meetings.