News
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Egypt in a race against time to restore merchant fleet
Egypt’s Transportation Ministry is currently working on restoring the Egyptian merchant fleet under the directives of President Abdel Fattah El-Sisi.
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Egypt’s Membership Of BRICS: Opportunities and Prospects
BRICS countries possess about 26% of the global land area, and about 42% of the world’s population.
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Suez Canal revenues surge by 35% in Q1 2023, reports Egyptian Presidency
President al-Sisi directed the continuation of the strategy to develop the Suez Canal and its navigational course.
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Viking Marks Float Out of Newest Egypt Ship
The traditional float out ceremony took place at Massara shipyard in Cairo on Tuesday, April 4, 2023.
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Egypt discusses detection systems with Smiths Devices, Saudi Arabia’s METCO
METCO and Smiths have been cooperating for many years in X-ray detection devices.
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Egypt's TCI Sanmar Chemicals plans $15mln investment in 2023
The company, a part of India’s Sanmar Group, is a significant player in Egypt’s petrochemical industry.
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DPI and Amethis Co-Invest in Marcyrl
Development Partners International (DPI) and Amethis have co-invested in Marcyrl Pharmaceutical Industries, an Egyptian pharmaceuticals manufacturer.
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EGIT Consulting Signs Agreement with Elite Capital & Co.
The Qattara Depression was created by the interplay of salt weathering and wind erosion.
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What to know about Egypt’s first fashion week
Egypt will soon be joining the growing roster of international fashion weeks, as it prepares to host its first edition from May 12 to 15, 2023.
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Egypt's urban inflation approaches its all-time high in March at 32.7%
Egypt is witnessing an inflationary wave that has been accelerating almost every month since the beginning of 2022.
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Egypt’s CBE announces 2-day bank holiday for Easter, Sham El-Nessim
Next week the Egyptian Coptic Orthodox Church and other Orthodox churches celebrate Easter according to the Julian Calendar.
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Safaga medical tourism season begins
Hotels and resorts in the city of Safaga in the Red Sea have begun to receive visitors from Europe with the launch of medical tourism services.
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The Truth about 20-pound Polymer Note Entering Circulation in Eid Al-Fitr
Social media users circulated a picture of 20-pound denomination of polymer, claiming that the Central Bank of Egypt (CBE) intends to offer in Eid.
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Egyptian healthtech sector expected to make enormous gains by 2025
The revenue of the Egyptian health technology sector is expected to surge 388.46 percent to $885.7 million in 2025 from $228 million in 2021.
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President El-Sisi Follows-up on Work Progress in the Grand Egyptian Museum
. The meeting also reviewed the executive status of the final work and preparation stages, particularly with regard to the halls and galleries.
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InstaPay now allows transactions from outside Egypt
InstaPay now allows the use of InstaPay application and financial transactions in real time outside Egypt through its app.
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Egypt, Italy discuss power linkage as interconnection with Cyprus, Greece progresses
Power transmitted from Egypt through a submarine cable would have a capacity of 2,000 megawatts.
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Egypt Not Planning to Join Race for Hosting 2030 World Cup
This could be good news for Morocco as it is so far the only African country to have announced its plan to enter the race to organize 2030 World Cup.
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Climate investment unit launched at environment ministry
The unit also aims to promote investment in waste recycling and environment tourism, the minister said during her speech at the Senate.
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EgyptAir to launch new direct route to Bangladesh’s Dhaka
The move comes as part of EgyptAir's plan to expand its airline network and open new horizons around the world.