News
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Egypt aluminum generates higher profits at $126mln in 9M-22/23
Egypt Aluminum recorded net profits after tax amounting to EGP 3.91 billion during the first nine months (9M) of fiscal year (FY) 2022/2023.
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GAFI offers tax incentives to attract Japanese expertise in automotive industry
The Japanese External Trade Organization (JETRO) will organize a visit by a Japanese businessmen delegation to Cairo to boost trade and investment.
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aiBANK Records Revenues worth 1.7bln During 2022
The bank has developed a clear strategy to invest in the human element through continuous human capital development.
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Egypt provides promising investment opportunities despite challenges: Golden Brokers
In addition, bonds, both government and corporate, are traded on the Egyptian exchange.
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Egypt Is No 1 On Top 50 Destinations Globally For Middle East Travellers List
According to a report released by Wego, an online travel marketplace, it was revealed that Egypt retained its top spot for Middle Eastern travelers.
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Egypt’s current account deficit sees 77.2% drop
During most of 2022, import restrictions were in place to tackle the North African country's current account shortfall.
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Cairo International Airport ranks best in Africa for recovery and passenger traffic
Cairo International Airport, Sharm el-Sheikh International Airport and Hurghada International Airport were on the list.
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Egyptian Businessman Samih Sawiris Expresses Hesitancy to Invest in Egypt
The business tycoon began by saying that the economic crisis is making it more difficult for businesses to operate.
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Egypt: SODIC’s contracted sales hit $90.2mln in Q1
The annual drop in sales was due to the limited launches in the three-month period ended March 31st.
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IMF: Egypt’s Expatriate Remittance Inflows Remained Strong in H2 of 2022
The fund attributed this in part to the spread of subsidised lending initiatives in the second half of last year 2022.
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Cheap Russian wheat dominates Egypt’s 655,000 T purchase -traders
Some traders told Reuters that they were cleared to offer prices as low as $260 per tonne.
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Egypt: South Cairo and Giza Mills switches to profitability in 9 months
They are engaged in the processing, trading, importing and exporting, packaging, warehousing, and distributing of grains.
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Subsea 7 and SLB alliance bags BP contract in Egypt
Project management and engineering have commenced and will be managed from Subsea 7 offices in France, the UK and Portugal
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IMF Says Egypt Is Serious About Applying Flexible Exchange Rate
Egypt agreed a $3 billion program from the IMF last year, but billions of dollars in extra financing expected to come.
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Egypt’s MisrSat-2 Passes Another Milestone
According to the EgSA’s, the initial phase of the testing process has been completed under the supervision of the China National Space Agency.
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Egypt-Japan development portfolio reaches $3.9 bln
Japanese investments in Egypt surged by 98.7 percent to $73.7 million in FY2021/2022 from $37.1 million in FY2020/2021.
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Molla: We expand spot contracts to export LNG
Molla said in statements on Monday 1/5/2023 during talks with Spanish Ambassador in Cairo Álvaro Iranzo.
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Toyota Tsusho is exploring establishing a car factory in Egypt
Toyota Tsusho, a Japanese car maker, announced plans to establish two car factories in Africa, with an annual production capacity of 100k cars each.
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Egypt raises fees for triptik vehicles
The Egyptian Customs Authority has increased the fees of imported cars with a temporary release system, known as triptik vehicles.
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Africa's fastest growing companies 2023: A look at the top 100 companies
Only 4 Egyptian companies are among the top 50 companies in Africa.