News
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Egypt’s environmentally friendly projects link development to green economy
This came during his speech on the occasion of the launch of the second edition of the National Initiative for Smart and Green Projects.
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Abu Qir Fertilizers Egypt registers 86% higher profits in 9M-22/23
During the first half (H1) of FY22/23, the EGX-listed firm generated EGP 7.23 billion in net profit after tax.
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Egypt, Austria to hold business forum in April, bilateral trade up by 23%
The volume of trade exchange between the two countries increased 23% to reach $339.5 million last year compared to about $275.7 million in 2021.
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Madinet Masr agrees to capital hike
Accordingly, the capital will see an increase of EGP 35 million to EGP 2.135 billion from EGP 2.1 billion.
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Egypt's agricultural exports exceed 2.5 mln tons in first months of 2023
Egypt’s top export crops during that period were citrus, potatoes, onions, sweet potatoes, strawberries, green beans, guava, garlic and pomegranates.
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Russia Building Egypt’s Nuclear Power
Early February 2015, President Putin and President Abdel Fattah el-Sisi signed an agreement to set up a nuclear plant in Dabaa.
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Talaat Moustafa Group opens the door for leasing in “East Hub'
The offering came at an Iftar party organized by the Talaat Moustafa Group, on Thursday, April 13, at the “East Hub” project in Madinaty.
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Suez Shipyard Succeeds in Repairing Severe Damage in Giant Dry Bulk Ship
Earlier, the cargo ship was exposed to a collision accident that resulted in severe damage to the stern of the ship.
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Tax-free car import initiative for Egyptian expats receives $500m worth of payments
Maait added that 100,000 Egyptians residing abroad have registered electronically to benefit from this initiative.
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Centamin backs annual guidance as quarterly output increases on year
Revenue for the first quarter was USD205.2 million, up 18% from USD174.6 million a year earlier.
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From Nigeria to Egypt: Investor Eliot Pence on backing frontier market startups
He also discusses his bullish outlook on the continent's construction industry and reveals why he considers Egypt a particularly interesting market.
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Sinai has huge oil reserves, Petroleum minister announces
Egypt has huge oil reserves in the Sinai Peninsula, Minister of Petroleum and Mineral Resources in Egypt Tarek al-Mulla announced.
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Nigeria-based Autochek acquires majority stake in Egypt’s Autotager
AutoTager is an Egyptian automotive technology company that makes it easier to find and buy cars.
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Egypt extends working hours at tourist attractions
For the Giza pyramids area, the extension will start from the first of May, to receive its visitors from 7 am until 6 pm, ticket office closes at 5.
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Egypt-Austria Trade Exchange Surge 23%
This came during the minister's meeting on Wednesday with Georg Stilfried, Ambassador of Austria in Cairo.
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Egytrans to acquire 99.9% of NOSCO through share swap
The deal will be executed through exchanging one share of Egytrans’ capital for 0.0447 shares of NOSCO capital.
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Kuwait purchases United Bank of Egypt
The Kuwait Investment Authority (KIA) has purchased the United Bank of Egypt, one of the most famous banks in the country, the Egypt Times reported.
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Banque du Caire, Misr Insurance to be offered on stock exchange
The data of companies to be offered on the stock exchange will be released next week, he added.
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Chevron seeks drilling ship to expand East Med gas search
"The Eastern Mediterranean has abundant energy resources and the potential to enhance energy security regionally and internationally."
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Egypt's agricultural exports up by 10% exceeding 2.5M tons since Jan
Last week, The Egyptian Cabinet has announced a 20% increase to EGP 1,500 per ardeb in the local wheat procurement price for the 2023 harvest season.