News
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EGX participates in Building African Financial Markets (BAFM) Conference
As a keynote speaker, El-Dokany presented EGX’s vision of carbon markets especially after the establishment of EGX’s VCM during COP27.
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Fish farmers in the Nile River Delta: Empty lakes and dirty waters
In addition to intensifying competition over land, urbanization in the Nile Delta has worsened Egypt’s water quality.
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Russian tourists are switching from Antalya to Egypt
Some Russian tourists are already looking for alternatives to Antalya – and the choice is currently falling on Egypt.
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Greece signs MoC with Egypt
The MoC will further develop and strengthen bilateral economic relations, aiming for optimal coordination for the management of mutual interest.
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2.3 Million Women Benefitted from Microfinance in Egypt
Medium, small, and micro enterprises succeeded in facing successive crises, including the COVID-19 pandemic and the Ukrainian crisis.
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Cabinet announces Thursday officially holiday for Labor Day
Prime Minister Mostafa Madbouly’s decision announcing Thursday an official holiday instead of Monday, May 1, in celebration of Labor Day.
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Egypt converted 50,000 cars to bi-fuel models in first 9 months of FY2022/23
The Egyptian government converted around 50,000 cars to run on gasoline and natural gas between July 2022 and March 2023.
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Egypt, Morocco, Ghana, and South Africa Rank among the top emerging markets for foreign investment
Egypt has also made strides to improve its investment climate, such as introducing a new investment law aimed at improving transparency.
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GAFI calls for general assembly meeting of Pepsi Egypt in May
The first company carries out manufacturing operations, while the second company specializes in distribution operations.
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Saudi ACWA Power signs $123 mln financing agreement for 200 MW solar plant in Aswan
Saudi Arabia’s utility developer ACWA Power signed a $123 million financing agreement for the development of a 200 MW solar power plant in Aswan.
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Egypt allocates EGP 17bn to implement 360 development projects in Sinai
These directions come in agreement with the sustainable development strategy within the framework of – Egypt’s Vision 2030.
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Petroleum sector introduces new social responsibility strategy
The axes of the new strategy entail education, training, economic development, health, gender equality, and environmental protection projects.
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Egyptian representative urges increased port cooperation with China
Egypt should increase cooperation with China in port development to improve bilateral trade links.
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Chevron prepares tender for East Med drilling vessel
Chevron is preparing to issue a tender to lease a drilling ship to explore for natural gas off Cyprus, Egypt and Israel.
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105k Egyptian expats register for tax-free car import initiative
There are only 19 days left until the end of the initiative and it will not be extended, Maait added on Tuesday.
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Egypt’s journey to achieve wheat self-sufficiency
The government subsidized the local consumption of wheat flour and bread with EGP 54 billion.
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Egypt releases $23 bln worth of imported goods since January
Egypt has released $23 billion worth of imported goods, merchandise and products from the country’s ports and customs since January.
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Suez Canal revenues records LE 22.7 bln last February
Revenues of the Suez Canal have recorded successive increases since the beginning of last year 2022, despite the repercussions of the war in Ukraine.
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Fitch Ratings: Egypt 2nd largest steel producer in MENA region
This came in a report published by the Cabinet’s Information and Decision Support Center (IDSC) earlier in April.
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Egypt and UK sign MoU on water partnership
Ismail said expertise from the UK water sector and supply chain was urgently needed to help Egypt’s ambitious modernisation plans on desalination.