News
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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.
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Value of microfinance in Egypt grows by 7.9% in 2022
Zulfaqar equally highlighted that the client base expanded by 10 percent to consist of a total of 4.7 million.
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Health Ministry receive over 2mln doses of ‘modified’ Pfizer vaccine for COVID-19
Abdel Ghaffar added that the shipments will be distributed to vaccination centres spread across all governorates of the republic.
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Transport Ministry launches metro Iftar campaign
The Iftar campaign distributes boxes of snacks daily, containing a bottle of water, juice and biscuits.
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European Commission VP visits Egypt to discuss education, mobility, and migration issues
Vice President of the European Commission Margaritis Schinas will visit Egypt from 26 to 28 March.
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Noon.com announces Big Ramadan Sale with up to 75% off
Massive price crashes across all categories, and amazing bank offers on hundreds of thousands of items.
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Liquid Intelligent Technologies buys Egypt’s top cloud and and cybersecurity company
Liquid wants to make Egypt a vital hub in MENA region by taking advantage of the country’s huge amount of tech talent.
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Schneider Electric showcases its unique expertise in the Egyptian real estate market at MIPIM 2023 exhibition in France
The exhibition was an excellent opportunity to highlight Egypt's exceptional real estate experience on a global scale.
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Developers have to offer innovative products, state should provide more facilities to stimulate industry
Client needs an investment vessel, in which he preserves value of his money from inflation and currency depreciation.
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EGX signs MoU with GCC to scale up, accelerate regional climate action
This comes after the stock exchange’s recent announcement of launching Africa’s first regulated voluntary carbon market.
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Egypt’s Roya Developments, ACE Moharram-Bakhoum sign strategic partnership agreement
ACE to provide comprehensive project management and supervision services for Roya’s projects.