News
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Tourism booms in Upper Egypt’s Aswan
Tourists coming from different countries enjoyed the beautiful weather and the marvelous buildings of the Philae temple complex.
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Ramadan: Amazon.eg launches 0% installment plans
In cooperation with CIB and Banque Misr the deals will be offered to customers from March 12 to 21, with early access for Prime members on March 11.
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IFE signs 2 agreements to support EVs industry localization, food industry in Egypt
The deal signed with Ghabbour Foundation aims to localize the electric vehicles (EV) industry in Egypt and create up to 500 job opportunities
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Egypt seeks to issue title deed insurance policy to motivate foreigners to buy real estate
The Financial Regulatory Authority (FRA) intends to issue a title deed insurance policy document against risks soon.
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Business travel in MEA hits $23bn in 2022, could return to pre-pandemic levels next year
The business travel spending across the Middle East and Africa (MEA) region is projected to return to pre-pandemic levels by 2024.
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Air Cairo and SunExpress extend cooperation for another three years
At the world's largest tourism trade fair ITB in Berlin both airlines signed a letter of intent.
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Kenya, Egypt working towards visa free regime by October 2023
The two countries agreed to start and finalize discussion towards 100pc free visa regime by October 1, 2023.
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Sinai Cement incurs EGP 330.5m consolidated losses in 2022
The EGX-listed firm generated sales worth EGP 2.34 billion last year, higher than EGP 1.44 billion in 2021, according to the financial results.
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PM Madbouli reviews new program to achieve 'substantial increase' in Egyptian exports
The new program seeks to grant exporters a percentage of basic assistance
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Total Energies Expands Its Investments Portfolio in the Egyptian Petroleum Sector
On the sidelines of CERAWeek, the Minister of Petroleum and Mineral Resources, Tarek El Molla, has conducted a meeting with the CEO of Total Energies
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Egypt’s Gates Developments launches $162mln commercial complex in West Cairo
Space Commercial Complex will cover an area of 6 acres
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The Central Bank of Egypt (CBE) amends withdrawal limits via PSP apps participating in IPN
The new withdrawal limits will be effective as of March 15th
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EGP flotation benefits Egyptian economy: Prime Minister
The flotation of the Egyptian pound since December under the new Extended Fund Facility programme with the IMF has benefited the industry sector.
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Tourism Ministry launches promotional website in English
The website contains all information that Garners interest for the tourist about Egypt and various Egyptian tourist destinations and products.
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Dolato & Dirty Cookie raise voice of collaboration amid economic crisis
Dolato Gelateria and LA-SOURCED, Dirty Cookie announced their collaboration during a ceremony to mark International Women’s Day.
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China Energy to start establishing $5.1bln green hydrogen plant in Egypt in May
The announcement came during a meeting headed by Prime Minister Mostafa Madbouly in the presence of China Energy’s Chairman.
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France second largest country exporting wheat to Egypt
Egyptians consume almost 100 billion loaves of bread annually, made with around 18 million tons of wheat, according to government officials.
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Air Cairo’s air fleet to reach 30 aircraft by end of March
Sherif added that the company is pursuing a plan to expand its network of routes to connect Egyptian tourist attractions with countries of the world.
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Paymob and Shahid expand VOD digital payments in Egypt
Egypt-based fintech Paymob has partnered with streaming platform Shahid to enable the latter’s customers to pay for subscriptions via e-wallet.
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CBE raises maximum limit of transactions value through InstaPay mobile app
The CBE noted that more than 16 million instant money transfer transactions through more than 1.8 million customers.