News
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Egypt signs $680M agreement to establish wind farm in Gulf of Suez
The minister explained that the role of the Red Sea Wind Energy Company is to operate and maintain the wind farm under a 25-year PPA.
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More banks in Egypt issue high-yield CDs with various maturities, yields
On Monday, QNB and CIB announced the issuance of new CDs with annual yields of 19.25 percent and 22 percent, respectively.
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Supply Ministry Reveals Size of Strategic Commodities Stockpile
Al-Moselhi reviewed the strategic stockpile of wheat, sugar, corn, oil and rice, in addition to frozen meat and poultry.
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Suez Canal navigation unaffected by friction accident between two tankers
A friction accident between the LYRIC MAGNOLIA and the ALIGOTE tanker in the Great Lakes region, carrying 65,000 tons and 44,000 tons.
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Egypt, IFC discuss joint cooperation in health sector
The parties agreed to develop a strategic plan to attract local and international investment in the health system.
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Town Gas Achieves Revenues Worth EGP 3.2B in 2022
The announcement was made during the general assembly meeting of the company to approve its operational results for the year 2022.
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FABMISR reports EGP 4.5bln net profit in 2022
During FY2022, the total value of deposits stood at EGP139.38 billion and was driven by a 35% increase compared to the previous year.
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Fine Hygienic Holding acquires Easy Care, New Easy companies for cosmetics
The full integration of Easy into the FHH portfolio is expected to take place within the coming months.
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PM, El Molla, Finance Minister Discuss Resolving Monetary Entanglements
There are financial entanglements between the Ministries of Petroleum and Mineral Resources, Electricity and Renewable Energy, and Finance.
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Egypt emerges as top steel producer in Africa, 2nd in MENA
The report said Egypt has an ambitious target to increase mining exports to $10 billion by 2040.
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Return of summer time saves US$25 million, Egyptian MP
The clock will be changed and daylight saving time will be applied on the last Friday of this month until the last Thursday of October.
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SCZone Announces Completing 72% of Sokhna Port Development Work
The port will developing integrated solutions for transport and trading between container terminals.
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Egypt, France probe cooperation in agriculture
Araby said the visit offered an important opportunity for probing chances and horizons of scientific cooperation between the two institutes.
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Egyptian start-up Technopolitan looks to Saudi Arabia to fill revenue gap
Cairo-based PropTech offers short-term and long-term workspaces, as well as technology services.
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Egypt's Tax Authority to open USD account for tax collection
Since March 2022, the Egyptian pound has lost over 70 percent of its value against the US dollar in response to three devaluations.
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Egypt receives investor offers to buy Wataniya, Safi companies
The IPO is expected to be completed within a few weeks, after which shares of the two companies will be offered on the stock exchange later.
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Abou Ghaly Motors ranks 1st in Africa, 6th worldwide as GEELY Auto agent for 2022
GEELY Auto recently announced the performance evaluation of its global agents for 2022.
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United Oil and Gas announces Egypt operations update
United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt.
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Egypt aspires to increase cooperation with AfDB: Sisi
Up to 4,000 participants are expected to attend the 2023 annual meetings held at the Sharm El-Sheikh International Conference Centre on 22-26 May.
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LE3.9B allocated for 356 development projects in Gharbia
This came while reviewing the ministry's report on investments in Gharbia governorate.