News
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Petrojet’s Revenues Hit EGP 40B in 2022
Petrojet’s role in executing petroleum projects has grown both locally and regionally.
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Auto sales in Egypt plunge 76% YoY in February
Passenger car sales dropped by 78.4% YoY to 4,263 units during February 2023, compared to 19,700 in February 2022.
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Mashat: We work to encourage investment into MSMEs
The plan to encourage SMEs is through constructive partnerships between development partners and relative parties.
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Millennium Hotels unveils Tycoon Tower, the tallest hotel in Africa
The five-star property will be managed by Millennium Hotels & Resorts, led by newly-appointed CEO Fahad Abdulrahim Kazim.
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Egypt’s Financial Regulatory Authority greenlights GIG’s acquisition of AIG
FRA approved the Kuwaiti Gulf Insurance Group's (GIG) subsidiary GIG Egypt's acquisition of AIG Egypt for EGP196.97 million.
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1.7M patients on waiting lists underwent surgeries in Egypt since 2018
The ministry had announced in June 2022 that the number of expedite surgeries carried out for patients on waiting lists had amounted to 1.3 million.
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Egypt-India to boost trade exchange to $7.5bn
The ambassador said that he was keen to tour several investment projects in the fields of solar energy, agriculture and industry.
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Egypt's net foreign assets drop by $1.3bln in February
The central bank allowed the Egyptian pound's official price to depreciate against the dollar by 1.4% in February.
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PM Follows Up on Electricity Rationalization, Renewable Energy Projects
Shaker showcased efforts to implement ambitious linking projects with the other countries as well as developing transmission networks.
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SAS Analytics, AI accelerate digital transformation of Egypt’s financial services
SAS, a leader in analytics, hosted an exclusive gathering of financial services key players, experts, and decision-makers in Cairo recently.
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Egyptian FM, Iraqi Speaker discuss reconstruction projects, regional security
He also expressed hope for more fruitful outcomes during the convention of the Egyptian-Iraqi Supreme Committee.
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B Investments posts higher consolidated profits at $43.3mln in 2022
Basic and diluted earnings per share (EPS) hiked to EGP 5.25 in 2022 from EGP 0.64 a year earlier.
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3D printing promises to transform architecture forever
Large-scale additive manufacturing, like desktop 3D printing, involves building objects one layer at a time.
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Egypt plants 7.2M trees within target due by July 2023
This is within the presidential initiative "100 Million Trees" and that is planned to be completed over seven years.
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MARAKEZ complements Mall of Arabia
MARAKEZ welcomes a wide variety of new partners to its wide range of tenants at Mall of Arabia.
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Irrigation ministry: Cleaning up old Dairut Barrages, installing iron gates
All efforts implemented are meant to increase the capacity of the water system nationwide.
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Manufacture of Egypt's 1st express electric train begins
The train is scheduled to operate in Egypt, with a length of approximately 2000 km, on 3 lines linking all Egyptian cities.
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Sphinx Airport receives 1st German Condor flight
This reflects the strategic and tourism importance of the airport, which achieved remarkable success in record time.
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Sisi: Egypt Will Overcome Current Economic Crisis
Sisi added that the Russian-Ukrainian crisis may extend for a longer period of time, stressing that Egypt is working to overcome its repercussions.
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Egypt charting a plan for tourism growth
Egypt expects to witness 15 million visitors this year, marking a year-on-year growth of 28 percent.