News
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Egypt prequalifies 17 consortia for its water desalination program
The desalination plants will be powered by renewable energy sources in various locations across Egypt.
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Egypt’s passenger car sales drop 76% YoY in March
Nissan topped the best-selling passenger car brands in March with a market share of 33%, accounting for 1,515 cars, AMIC added.
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Egypt signs deal with Korean Dae Sun to build two multi-purpose MPC14K ships
Egypt's Alkahera Company for Ferries and Maritime Transport signed on Monday a contract to build two multi-purpose MPC14K ships with South Korea.
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Egyptian Parliament approves new law allowing nuclear power plants to desalinate water
suppliers are exempted from all taxes and fees required for fulfilling their obligations in accordance with the contracts signed with the NPPA.
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S&P downgrades outlooks on 3 Egyptian banks to negative
This follows the agency’s revision of its outlook for Egypt from stable to negative on April 21st.
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Spain Looks to Egypt for Fulfilling its Gas Demands
The parties discussed an overview of the investment opportunities available in Egypt in the field of oil, gas and petrochemicals.
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Emaar to open eight new hotels across the UAE, Saudi Arabia and Egypt
Properties include Address Jabal Omar Makkah in Saudi Arabia and Address Marassi Beach Resort in Egypt.
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Saudi Arabia’s United Electronics Co. shelves plans for Egypt expansion
The expected negative financial impact of shelving the expansion in Egypt is about SR38 million ($10.13 million), the company said in a statement.
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Hurghada airport welcomes first flight from Marabou airlines
Hurghada Airport welcomed the first flight of Estonian Marabou Airlines on Monday, bringing 173 tourists from Hamburg Airport in Germany.
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UK Shigella outbreak linked to spring onions from Egypt
A Shigella outbreak in England in 2021 has been linked to spring onions imported from Egypt.
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Uflex: Indian film producer sets up PET production in Egypt
Indian packaging film manufacturer Uflex is planning to build a PET production plant at the Egyptian petrochemical site Ain Sokhna.
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Fitch Solutions raises its forecast for Egypt’s inflation by 6.4% in 2023
Fitch Solutions has raised its forecast for Egypt’s inflation in 2023 to 32.3 percent, up from an average of 25.9 percent that it expected a month ago
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Japanese investments in Egypt rises 98.7% to reach $73.7m
Egypt exported goods worth $260.8 million to Japan in 2022, which included fuel, minerals, fruit, iron and steel products, carpets, and animal feed.
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Egypt receives 30 passenger coaches from Hungary’s Ganz Mavag
Wazir said that this batch consists of third-class air-conditioned coaches, with the rest of the coaches to arrive on schedule.
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Egypt Considers Using Local Currency in Trade with China, India, and Russia
Until this moment no serious measures have been taken, as the matter is up to central and commercial banks.
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Egypt allocates $980.3m to support exports in coming fiscal year
With a single permission, investors will be able to buy or rent land, operate and manage projects.
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Egypt’s Spring Flowers Exhibition kicks off on May 13
A cultural and economic event which many Egyptians flock to see, especially those interested in flowers, ornamental plants and landscaping.
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Egypt Could Import Livestock from Chad, Somalia to Make up for Shortage from Sudan
Egypt is looking for other alternatives in the event of a shortage in importing Sudanese meat.
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King Tut gets new home to help welcome Chinese tourists
once an official date is set for the opening of the new Grand Egyptian Museum, located near the pyramids of Giza they'll be moved there.
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PM tours number of factories in 10th of Ramadan city
Prime Minister Mostafa Madbouly kicks off Saturday a tour to inspect a number of factories in the city of 10th of Ramadan in Sharqiya governorate.