News
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Engineering Export Council launches trade mission of 15 companies to Congo
Congo discusses importing agricultural machinery from Egypt
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US, Qatar, Egypt Supply Europe’s LNG Demand
European imports of liquefied natural gas (LNG) rose by 63 % in 2022, to compensate for the interruption of supplies through Russian gas pipelines.
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Chinese, Saudi companies open bus assembly plant in Egypt
A new built bus assembly plant has started production in New Suez City, Egypt.
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Banque Misr, Banque du Caire, Misr Insurance Holding Group, Allianz Egypt launch Real Estate Investment Fund 1
Real Estate Investment Fund 1 signed a deal to purchase commercial real estate assets from Talaat Moustafa Group in Al-Rehab City and Madinaty
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Ibnsina Pharma’s consolidated profits sink 45.16% YoY in 2022: Egypt
Consolidated net revenue amounted to EGP 22.264 billion last year, compared with EGP 21.732 billion in 2021
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Remco incurs EGP 118m consolidated losses in 9M-22; turns profitable in Q3-22
Remco for Tourism Villages Construction suffered consolidated net losses.
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World Bank grants Egypt $9.13 M to expand the greater cairo air pollution management and climate change project
The development of this project is to support Egypt’s 2050 Climate Strategy
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Oriental Weavers showcases its state-of-the-art collection at Le Marché 2023 Exhibition
Oriental Weavers is participating for the 15th year in a row to showcase its Grand 2023 collection
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Electro Cable logs higher consolidated profits in 2022; capital reduction proposed
The sales hit EGP 5.69 billion last year, higher than EGP 2.66 billion in 2021, according to the income statements.
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JumiaPay to facilitate e-payment for ZoomCar through new partnership
e-commerce platform has teamed up with Zoomcar to endorse online payment and collection transactions for car rentals, according to a press release.
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Egypt: Elsewedy Electric posts $187.1mln consolidated profits in 2022
The EGX-listed firm generated $3 billion in revenue during the January-December 2022 period,
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Tuk-tuks officially banned in New Cairo
Tuk-tuks are officially banned in New Cairo, following a decision by the head of the New Cairo Authority Abdel Raouf al-Ghaity.
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Hungary, Egypt sign deal on joint use of Suez canal economic zone
Representatives from 21 Hungarian companies and 65 Egyptian ones participated at the forum.
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Interview: EBRD to invest in Egypt over $1.4 bln in 2023
The EBRD has financed 163 projects since it began operations in the country. Of these projects, 57 percent were directed to the private sector.
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Egypt to reinstate daylight saving time
The Egyptian Cabinet approved a draft law regarding the return of the daylight saving time system, after abolishing it for years.
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UOG encounters 22 meters of net oil pay while drilling ASH-8 well
In a statement, the company said that this result came after drilling a total depth of 3,999 meters and is in line with pre-drill expectations.
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Egypt's tourism ministry imposes new fees on sector’s business activities
Coffee shops and restaurants will pay between EGP 4,000 and EGP 5,000 per year, and fees could rise by EGP 3,000 or EGP 5,000 if they serve alcohol.
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Saudi Company Bahri, Suez Canal intend to establish joint venture
Osama Rabie considered that what the canal is currently witnessing is an unprecedented boom, despite the existing global crisis.
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100 German public schools Will be established across Egypt
The goal of this new project is to spread the German language across Egypt, and offer opportunities for students to travel to Germany.
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Russian tourist flow to Egypt rises by 181%
Russian tourist flow to Egypt has risen by 181 percent, while decreasing by 99 percent to the European Union and Britain.