News
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Egypt’s Eagle Chemicals raises offer for Pachin amid bidding war with UAE’s National Paints Holding
Eagle Chemicals is now offering to purchase at least 75% of Pachin for EGP 37.00 per share, EGP 1.00 higher than the bid NPH put.
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EFG Hermes closes EGP 193.65m securitized bond issuance for Premium International
The bond is backed by a receivables portfolio assigned to EFG Hermes Holding’s Financial Group for Securitization.
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President El-Sisi Reviews Status of Constructing Gargoub Port
The President was briefed on developments pertinent to the construction of Gargoub Port, to achieve optimal utilization of the strategic location.
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Egypt's production index for transformative, extractive industries dips 2.66% in January
The index for the manufacture of computers, electronic and optical products, and medical devices increased by 9.39 percent during last January.
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Egypt to allow Iranians visas on arrival in Sinai as regional tensions ease
The decision is part of a series of measures announced on Monday aimed at improving access to visas to boost tourism revenues.
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SCZone Signs Framework Agreement with SCCT to Attract more Shipping Lines to East Port Said
This comes within the SCZONE’s strategy to attract more investments in the port and enhance trading processes.
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Health, finance ministers stress State’s keenness on Comprehensive Health Insurance System
The two ministers set the number of Egyptians benefiting from the program at some 3,602,992 citizens.
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The Sovereign Fund of Egypt, A Developments partner for Cairo’s innovation district project
$26mln project involves redevelopment of Ministry of Interior’s former headquarter complex.
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Egypt's TSFE reveals plan for former headquarters of Interior Ministry in downtown Cairo
The company will revamp the complex at LE800 million, as well as pay a fixed annual rent, and a share of profits to TSFE.
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About 59,000 tons of goods handled at Red Sea Ports
Safaga Port received two ships, while three others left the harbor, added the statement.
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GEMMA unveils dividends for 2022
The ordinary general meeting (OGM) greenlighted a dividend on 27 March 2023, according to a bourse filing.
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Egypt to offer five-year visa for $700 in bid to boost tourism
Government in Cairo adds more nationalities to be eligible for visa on arrival, including Chinese and Indian.
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CBE reports EGP 112.7 billion in InstaPay transactions over one year
The Central Bank of Egypt (CBE) has announced that transactions worth EGP 112.7 billion were conducted via its InstaPay app over a year.
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Egypt dedicates to subsidize exports in FY 2023/24
This marks a remarkable surge from the current fiscal year’s budget for the export subsidies program amounting to EGP 8 billion.
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Egypt's poultry sector reels from currency turmoil, driving up prices
Egypt, a major buyer of basic commodities, has been suffering from a foreign currency crunch that sent the pound tumbling by nearly 50% against USD.
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Egypt's foreign trade hits $29.032B during Q1of 2022/2023
The CBE noted that Egypt’s imports hit about $19.067 billion during the first quarter of 2022/2023, while exports recorded about $9.965 billion.
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Lawmakers in Egypt call for price controls on building materials amid soaring prices
The Senate will next month open a debate over the steel and cement and building materials markets.
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New cigarette prices after increase in Egypt
The increase in cigarettes is in conjunction with the provisions of the value-added tax and its amendments.
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Novartis commends Egyptian government’s efforts in enhancing healthcare services
The Egyptian government spares no effort in providing the best medical service to Egyptian women in accordance with international standards.
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The BRICS Has Overtaken The G7 In Global GDP
The BRICS is also expanding – Bangladesh, Egypt and the UAE have all just joined the BRICS New Development Bank.