News
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Wintershall hunts for CO₂ storage in Egypt and Argentina
German oil and gas company actively screening potential offshore sites in both countries.
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Egypt’s trade exchange with African countries records $2.117bn in 1Q 2023
The minister said that Egyptian commodity exports to the African continent amounted to $1.611bn.
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Egypt, Saudi, UAE, Algeria, Bahrain seek to join BRICS bloc
Since its formation in 2006, the BRIC group has added only one new member, South Africa, in 2010.
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AWID considers launching 2 projects in water desalination sector in Egypt
The aim of launching this platform is to create a business model for providing infrastructure for the water sector in Africa.
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New Increase On Official Fees In Patent Examination In Egypt
Regardless of this increase, school and university students are exempt from paying those fees.
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Contact increases its mortgage finance to EGP 6m with 10-year payment plan
Contact provides mortgage finance services to individuals directly or through real estate developers.
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Egyptian Startup Turns Plastic Waste Into Paving Tiles
TileGreen created a technology that turns plastic waste into paving tiles and has tested other products to introduce in the construction market.
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President Sisi inspects Cairo's simi-wholesale markets
President Abdel Fattah El Sisi inspected on Friday projects to establish simi-wholesale markets in Cairo.
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Egypt Is Pivotal Country in Data Transfer: IDSC
Egypt is the second largest country in the world, where maritime internet cables go through its coasts.
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Egypt announces bylaws of new minimum wage system for public employees
The monthly minimum wages for general managers and first-category employees were set at EGP 7,000 and EGP 6,500, respectively.
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Egyptian pound price expected to drop by end of 2023
Since the Central Bank adopted a flexible exchange rate that reflects the state of supply and demand in the market.
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Tourism players granted subsidized loans from Egypt
On March 7th, the Central Bank of Egypt (CBE) has set the maximum funding provided for beneficiaries under the five-year 11% subsidized lending.
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Egypt approves sixth phase of cash repayment to subsidise exporters
The Egyptian Cabinet approved the sixth phase of the cash repayment initiative to support exporters with a value of EGP 10 billion.
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Egypt's economy seen growing 4% this fiscal year
Russia's invasion of Ukraine last year, which rocked tourism, raised commodity prices and prompted foreign investors to pull about $20bn.
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Egypt, Austria sign letter of intent to enhance economic cooperation
Madbouli and Nehammer also chaired a roundtable for the Egyptian and Austrian business communities.
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Qatar plans to inject considerable investments in Red Sea
The Qatari newspaper, Al-Sharq, reported that both the Qatar Sovereign Fund and the Investment Holding Group concluded recently many deals.
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Egypt gives banks long weekend to celebrate Labour Day
The Central Bank of Egypt (CBE) announced on Thursday that banks operating in Egypt will be closed next Thursday 4 May to celebrate Labour Day.
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Egypt's stalled asset sales will add pressure on currency
Inability to improve the central bank's foreign exchange reserves will weigh on external liquidity.
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Pachin stock closes near highest acquisition bid price
The company’s stock closed near the highest bid price, reaching EGP 39.08 per share, by the end of Wednesday’s trading session.
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Buddha statue found in Egypt points to ancient India links
A statue of Buddha was discovered in Egypt's ancient seaport of Berenice on the Red Sea, highlighting trade ties with India under the Roman empire.