News
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Multi-million-dollar deals to be signed for UAE, Egypt, Jordan, Bahrain projects
Under the partnership, the member states will collaborate to grow their respective industrial sectors by integrating resources and industries.
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Social solidarity min. inaugurates ‘Diarna’ handicrafts exhibition
Social Solidarity Minister Nevine al-Qabbaj on Friday opened the “Diarna” exhibition for handicrafts.
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Egypt’s Sisi gives directives to further communications and information technology sector
The aim is to maximize digital exports and increase the number of people working in the sector, including freelancers or those in the outsourcing.
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Damietta Port handles 30 container, cargo ships
As many as 30 container ships and cargo vessels were handled at the Damietta Port in the past 24 hours.
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Egypt to receive 240,000 tonnes of Russian wheat next April
The wheat amount, which is expected to arrive in Egypt next April, is funded by the World Bank.
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Cairo is Open for Tourists
Tourism is a major dollar earner in Egypt’s cash-strapped economy and has been gradually recovering from multiple hits.
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EBRD launches second phase of Suez Canal digitalisation project
The bank is helping the SCZone to develop an efficient, competitive and eco-friendly business environment that is attractive to international investor
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Egypt’s first bonds more than four times oversubscribed
The Egyptian Ministry of Finance issued a statement about Egypt’s first bonds system with the aim of resolving part of the US dollar shortage crisis.
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Turkish Beko injects $100m in its projected plant in Egypt
The project is expected to strengthen Beko’s presence in the local market, offering it a variety of high-quality and innovative home appliances.
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Dubai-based Syrve launches revolutionary food tech solutions for restaurant automation in Egypt
It has set up an office in Cairo, with plans to launch its innovative food tech solutions for restaurant automation throughout the country.
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Egypt’s first sovereign sukuk issuance critical step for economy: Fitch Ratings
Some 250 investors from various global markets purchased these bonds, and their proceeds will be directed to finance public investment projects.
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IDEX 2023: Egypt takes COTS route for protected vehicles
The Temsah-4 armoured vehicle is based on a Mercedes-Benz chassis to reduce through-life costs and features scalable protection levels.
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President el-Sisi inspects work progress in axes and roads’ projects in Giza governorate
The projects underway in the Giza Governorate include the upgrading of axes and the construction of new axes, with a total length of 177 Km.
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PwC Middle East in Egypt hosts its annual Tax seminar highlighting local and global reforms in taxation
The seminar addressed the international tax updates and Pillar Two “Global Minimum Tax and its impact on businesses.”
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African Development Bank Holds First Industrial and Trade Business Opportunity Forum in Egypt
The meeting brought together industrial, agricultural, and private sector experts from 105 large Egyptian manufacturers and exporters.
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Egypt’s New Era Education breaks ground for $49mln Uppingham Cairo school
The K-12 school is being developed on a 10-acre site and is expected to start operations in September 2024, New Era Education said.
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Israel-Egypt energy ties deepen as 2022 sees record gas flows
Egypt’s imports of Israeli piped gas soared 49% year on year to a record 607mn cfd for 2022 and 838mn cfd for December.
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Netflix reduces prices of its packages in Egypt
Netflix has cut subscription package prices in Egypt, Yemen, Iraq, Tunisia, Jordan, Palestine, Libya, Algeria and Lebanon.
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Europe needs more tomatoes from Egypt
In English supermarkets, customers are currently faced with empty vegetable shelves. Tomatoes cucumbers and peppers in particular are in short supply.
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Egypt records highest-level foreign direct investment
The Prime Minister said in a press conference that the country recorded a 94 percent growth in foreign investment on a year-on-year basis.