News
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Egypt’s sandbox festival announces full line-up for May
Taking place in El Gouna from May 11-13, the event will bring a number of key artists from the house, techno, breaks and electro scenes.
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Egypt taps private firms and long-delayed museum to revitalise tourism
Immediate priorities include expanding flight capacity and improving the investment climate by streamlining regulation, Issa said.
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Millennium Hotels Global to operate Nile Developments’ Taycoon Tower at New Capital
The company is working hard to attract foreign investments, accordingly, the state provides all means of support for them.
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Young doctors are leaving Egypt in droves for better jobs abroad
More than 11,500 doctors who left Egypt’s public health sector between 2019 and 2022, according to the Egyptian Medical Syndicate.
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Cabinet denies reducing “Takaful and Karama” payments due to economic crisis
The ministry stated that currently, 5.2 million families (about 22 million citizens) benefit from the “Takaful and Karama” intiative.
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Oman oil marketing company to sell lubricant oils in Egypt
The signing ceremonies took place during the Egypt Petroleum Show (EGYPS) 2023, an annual Petroleum and Energy event.
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Mountain View directs $195mln to construction works in 2023
Mountain View plans to direct its new investments to develop new phases within its projects, and expand its services through new launches.
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Project of the week: Mandarin Oriental Shepheard
The project calls for the restoration of the historic Shepheard Hotel in Cairo, which first opened its doors in 1841.
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African development bank holds first industrial and trade business opportunity forum in Egypt
Egyptian businesses keen to increase business and deepen integration with other African countries.
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Türkiye, Egypt pledge to further develop ties
The minister welcomed Shoukry’s visit to Türkiye and said it was “extremely important and meaningful.
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Misr Beni Suef swings to $4.76mln losses in 2022
The EGX-listed firm reported sales worth EGP 1.84 billion last year, higher than EGP 1.12 billion as of 31 December 2021.
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President el-Sisi witnesses tests for jobs in bodies affiliated to the ministry of transport
President El-Sisi stressed the state’s commitment to following the highest scientific, technical, psychological and health standards.
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Investments in oil field, gas exploration amounted to LE 18B
Madbouli said that the state is implementing these investments to increase energy in the gas fields in North Sinai.
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Sukuk and bond pricing mostly similar; Sukuk less liquid
We expect this trend to continue in 2023. However, the liquidity profile of most Islamic banks in the GCC generally remain intact.
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China-built CBD project promotes sustainable development in Egypt's new capital
The CBD project has employed 16,000 workers and engineers,12,000 Egyptians and 4,000 Chinese, who have cooperated well despite language hurdles.
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Strategic wheat reserve sufficient for 4.6 months: Supply min
Rice reserves are enough for the Egyptian market consumption, noting that rice mills are being reviewed in order to control prices at markets.
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Chinese Dongfeng introduces E70 EVs in Egypt
The new car was introduced to the local market at a press conference over the weekend.
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Second edition of Techne Summit Cairo takes place on 11 & 12 March in NMEC
The Summit will have two pitching competitions, 10 workshops held by renowned industry experts, and five roundtables.
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Egypt established axes, roads that will serve Sinai for 50 years
Over the past 8 years, Egypt has established 5 new tunnels in Sinai, in addition to the Martyr Ahmed Hamdi Tunnel; to facilitate traffic for citizens.
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Egypt to teach sign language at schools
Hegazy explained that the step comes to raise societal awareness on sign language, and to build the capacity of teachers specializing in sign language