News
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Finance Minister announces details of social protection package to public employees
Under the new measures, public employees will see their monthly salaries increase by a minimum of EGP 1,000 starting in April.
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500 MW Gulf of Suez 2 wind farm project achieves a major milestone in Egypt
The consortium will operate and maintain the wind farm under a 25-year PPA with the EETC.
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President Sisi witnesses tests for job applicants in education ministry
pre-employment tests for applicants for jobs in the Education Ministry, are conducted in cooperation with the Egyptian Military Academy.
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Egypt Launches Automated System for Data Management
Al-Mashat said that the system is a mechanism for linking and unifying data related to development cooperation agreements, projects and programs.
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Egypt, Afreximbank discuss preparations for IATF in November
The exhibition aims to enhance intra-trade between various African countries and highlight investment opportunities available in the continent.
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Cairo Begins Implementing Electricity Rationalization in Streets, Squares
The heads of neighborhoods to follow up periodically to rationalize electricity consumption in all buildings and facilities.
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Know more about Egypt's Tahya Misr multipurpose station in Alexandria port
The station includes the latest and largest cranes for unloading and loading giant ships, and these cranes operate automatically.
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GSK Egypt records 376% leap in 2022 consolidated profits
GlaxoSmithKline (GSK Egypt) witnessed 376% higher consolidated net profits after tax at EGP 735 million in 2022, compared to EGP 155 million in 2021.
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3rd Egypt’s Entrepreneur Awards to recognize nation’s resilient entrepreneurs
EEA is the first platform in Egypt to celebrate rising entrepreneurs and existing successful businesses equally.
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Chinese minister visits Luxor on archaeological tour
The tour included a visit to the Chinese mission working in the Temple of Montu in Karnak, the eastern and western banks, the Karnak temple and more.
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AIH’s consolidated profits fall 27% YoY in 2022: Egypt
The capital will be increased to EGP 424.94 million from EGP 404.71 million via the payment of 0.05- for-1 bonus shares.
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Egypt approves granting one-year operation permits to unlicensed factories
Egypt’s Industrial Development Authority (IDA) is now allowed to provide one-year provisional operation permits to unlicensed factories.
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M&A deals in MENA reached $8.3bln during Q1 2023 - Refinitiv
Deals involving a MENA target fell to a seven-year low and totalled $2.9 billion during Q1 2023.
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Bourse gains EGP 18 bln, all indexes up
The market capital gained about EGP 18 billion to close at EGP 1.067 trillion, amid transactions that totaled EGP 2 billion.
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Egypt: Misr Cement increases cash dividends for 2022
The distributable net profits amounted to EGP 72.26 million as of 31 December 2022, according to a bourse disclosure.
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On 80th anniversary, Dorra maintains leadership in Egypt’s real estate market
Sultan added that the company began executing its own real estate projects such as Zayed 2000, Zayed Residence, and Zayed Heights.
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North Cairo Mills records profit in 8 months
North Cairo Flour Mills, a subsidiary of the Holding Company for Food Industries, is an Egypt-based public shareholding company.
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Egypt’s external debt rises by 5.1% in 4Q of 2022
In this respect, the government has committed to a ceiling on the gross debt of 92.1 percent of GDP by the end of the current fiscal year.
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National Bank of Egypt, Banque Misr release certificates of 22-16%
The first certificate is fixed for three years at a rate of 19 percent annually, and the return is paid monthly. The second certificate of three years
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The 500 500 hospital receives green rating
The New National Cancer Institute in Sheikh Zayed (500 500) became the first hospital in Egypt to obtain this certificate in the design phase.