News
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Egypt seeks to enhance cooperation with India in financial inclusion, fintech
Indian companies are among the largest foreign investors in Egypt, relations between the 2 countries witnessed great development over the past years.
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Egypt Confirms Drop in Unemployment
The Cabinet Media Center published a report noting a positive change in the international view of the country's unemployment and employment levels.
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Amideast and Boeing launch the STEM for Sustainability competition in Egypt
The STEM for Sustainability competition aligns science, technology, engineering, and mathematics (STEM) education with sustainability priorities.
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President El-Sisi Receives the Prime Minister of the Kingdom of Denmark
They discussed boosting the size and scope of Danish investments in Egypt in maritime transport and shipping as well as clean energy.
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Iran wants to repair relations with Egypt after Saudi deal
"Egypt is an important country in the region and what the region needs is synergy between Iran and Egypt" Iranian Foreign Ministry spokesman said.
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Egypt, South Korea mull ways of encouraging tourism
Tourism investment opportunities in Egypt, especially in hotels, were also discussed.
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ECEI : Egypt Exports of Automotive Components Hit $634.3 Million in 2022
The ECEI announced the participation of representatives of 25 Egyptian companies in the workshop.
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Egypt’s IGI Developments allocates $32mln for construction work in 2023
Mostafa said the company recently launched new apartment units in the Ashgar Heights project, ranging from 50 square metres (sqm) to 200 sqm.
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Egypt exports two gold jewelry shipments to Saudi Arabia
This is in place to implement presidential mandates to increase Egyptian exports to US$100 billion.
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Hassan Allam-Agility JV to build modern logistics parks in Egypt
Their first park, Yanmu East Logistics Park, is coming up on a 270,000 sq m site on the new Cairo Suez road, 15 km from Cairo Airport.
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EgyptAir is ‘Fastest Recovered Airline’ from pandemic in Africa
The results were based on the extent of passenger demand for airlines and their success in continuing to operate flights and the density of passengers
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No negative repercussions on Egyptian banking sector due to bankruptcy of Silicon Valley Bank
The CBE noted that the Egyptian banks do not have any deposits, investments, or financial transactions with Silicon Valley.
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Environment Minister, MSMEDA discuss bilateral cooperation in eco-tourism
A unit for environmental and climate investment that undertakes the task of facilitating the procedures for obtaining environmental approvals.
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Egypt’s inflation to hit 25.9% over 2023
Fitch Solutions raised its projection for Egypt’s inflation during 2023 to 25.9 percent, up from 18.3 percent it projected in February.
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Sisi directs improving health mechanism in Egypt
He added that developing performance of staffers at hospitals is an integral part of the health mechanism.
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ValU and Azimut partner to launch AZ valU Fund
A money market fund allowing individuals to realize compound daily returns.
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Egypt to start process of listing military-affiliated “Safi” and “NPC” companies to investors starting 15 March
The committee following up on the offerings programme agreed to offer four other major companies through international investment banks.
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Egypt, Germany discuss investment in energy sector
The minister also pointed the successful cooperation and partnership with Siemens Corporation to set up three mega stations to generate electricity.
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GMG targets 100 new stores in Egypt by 2026
GMG is also looking to increase its current Egyptian workforce 10 times in the next four years, adding more than 1,000 jobs to the Egyptian economy.
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Mastercard extends partnership with Banque Misr to enhance digital payments portfolio in Egypt
The partnership will enable the integration of more Egyptians into the formal economy while driving the shift to a cashless ecosystem.