News
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Irrigation min. follows up on development efforts in Siwa Oasis
Such problems are linked to agricultural sanitation and some wells in the oasis, Sowialam said.
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Egypt faces problems hindering first review of its loan programme: IMF’s Managing Director
Gerogieva said that the IMF is committed to supporting a more inclusive and effective debt resolution process.
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Most of MENA employees aim for remote jobs
According to studies, 86% of employees in the MENA region aim to do remote work in the coming year, a recent study has found.
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Egypt to launch e-platform for establishing firms online next July
Heiba’s announcement came during a meeting with members of the Egyptian-Swiss Business Association in the presence of Swiss Ambassador.
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Air Cairo to start direct flights to Dubai from Sharm El Sheikh
The twice-weekly flights will operate from Dubai World Central airport every Thursday and Monday.
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Egypt and UAE leaders discuss bilateral ties, Arab solidarity in Cairo
Egyptian President Abdel Fattah al-Sisi on Wednesday (Apr. 12) greeted his Emirati counterpart at the Cairo International Airport.
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Cabinet approves additional incentive for wheat farmers in Egypt
On January 19th, Prime Minister Mostafa Madbouly said that the cost of wheat subsidies would increase to EGP 95 billion by the end of the year.
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Ascom’s consolidated losses down 5% YoY in 2022: Egypt
The company is engaged in geological exploration, mining and quarrying of raw materials, and developing mining operations.
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Japan’s Sumitomo to build $100mln factory for EVs wiring harness production in Egypt
The project is planned to extend over an area of 150,000 square meters under the free zone system.
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NBE invested EGP 4bn into tourism after 25 January Revolution
The National Bank of Egypt (NBE) injected about EGP 4bn into the tourism sector following the 25 January Revolution in 2011.
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Egyptian Resorts Company to build 50-MVA solar plant in Sahl Hasheesh
The plant will have a capacity of up to 50 megavolt amperes (MVAs) and a total of 10 million kilowatt hours (kWhs) a year.
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PM reviews development progress in Damietta Furniture City
Prime Minister Moustafa Madbouli chaired a meeting on Tuesday11/4/2023 to follow up development efforts in the Damietta Furniture City (DFC) project.
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Misr Technology Services to be offered on EGX in 2024
Misr Technology Services (MTS) will be one of the companies to be offeMTS is the technical arm of the Minred on the Egyptian Exchange (EGX) next year.
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Methanex Egypt, SMD Sign Methanol Pipeline Construction, Maintenance Agreement
Methanex Egypt and the Suez Methanol Derivatives (SMD) Company signed an infrastructure development agreement for the supply of methanol.
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FRA issues regulations for investment funds in minerals
The Board of Directors of the Financial Regulatory Authority issued several regulatory decisions related to investment funds in minerals.
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Developing countries, including Egypt, have to cut oil subsidies: IMF
Egypt targets a primary surplus of 2.1 per cent of GDP in FY 2023/2024 and 2.3 percent of GDP in FY 2024/2025 and FY 2025/26.
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Egypt discusses new amendments to Nationality Law to attract US dollars
The Egyptian Parliament is discussing amending some provisions of Law No. 26 of 1975 on obtaining the Egyptian nationality.
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Egypt's Climate Pioneer emphasizes the financial burden on developing countries
The poorest countries pay the greatest financial cost to protect themselves against the phenomenon and find solutions.
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Egypt inks multiple deals to boost green transformation in Suez Canal Economic Zone
The SCZone will coordinate between the ministry's Egyptian Environmental Affairs Agency (EEAA) and companies in the zone, explained the statement.
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Egypt, AFD ink document on TFSC Egypt project
The project is carried out in coordination between the environment affairs authority, the Foreign Ministry and the UNDP with a €1.5 million grant.