News
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Egypt unveils renovated wing of oldest museum, new papyrus
The refurbishment marks the first stage of broader renovations for the 120-year-old salmon-colored palatial complex in downtown Cairo.
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Transportation ministry to fully operate from New Administrative Capital starting from March
The Minister explained that some employees have been working from the ministry’s new administrative capital headquarter since October 2022.
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Major Danish firms consider business expansion in Egypt
The companies are already operating in Egypt across the fields of pharmaceuticals, heavy industries, fodders, food industries, transport and shipping.
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Metro ticket prices to increase by LE 2 for tickets covering 25+ stations
Currently, the metro ticket prices are LE 5 for 9 stations, LE 7 for 16 stations and LE 10 for 17+ stations.
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Egypt keen on boosting cooperation with China in vaccines & serums
The minister also stressed the importance of shoring up bilateral cooperation to help deal with any future pandemics.
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E-finance logs $26.27mln consolidated profits in 2022; dividends unveiled
During the fourth quarter (Q4) of 2022, e-finance recorded a 12.80% year-on-year (YoY) drop in net profit after tax to EGP 121.50 million.
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Egypt witnessed positive economic performance due to increased COVID recovery rate, booming tourism
The study, issued by the Egyptian Center for Thought and Strategic Studies, confirmed that the fiscal year 2021/2022 witnessed many fundamental events
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United Media Services launches first Egyptian documentary channel
Egypt’s United Media Services has launched a new documentary channel, Al-Wathaeqya, on the Nilesat satellite.
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PM follows up on measures to establish free zone to store wheat
The establishment of a logistics free zone to store wheat will represent a great added value, affirmed Prime Minister Mostafa Madbouly.
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Egyptian entrepreneur Mohamed Ghaith creates Stunning.So, the AI-powered website builder disrupting the industry
Stunning.so is set to transform the way websites are created, providing an easy-to-use solution for individuals and businesses.
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Cairo hosts first regional Arab Actuarial Conference
Under the patronage of Egypt’s Financial Supervisory Authority, Ministry of Finance and National Organisation of Social Insurance.
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CIB sign USD 50 mln credit guarantee to support SME customers in Egypt
CIB has always been committed to providing innovative products and banking solutions to its SME customers.
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Oriental Weavers Group announces its strategic partnership with Hayah International Academy
The 9th Art Competition featured 800 artworks produced by 40 schools’ most creative and talented students.
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Egypt commits to enhance relations with Uzbekistan, increase partnerships between private sector
The Minister of International Cooperation, Rania A. Al-Mashat, participated in the round table, chaired by the President Shavkat Mirziyoyev.
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Egypt to build wildlife park modelled on pioneering Jordanian predator reserve
Environment Minister Yasmine Fouad toured the Jordanian park near the northern city of Jerash on Monday.
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Chevron signs MOU with Egypt on methane management
The MoU includes methane and decarbonization study tours and workshops for MOPMR employees at Chevron facilities in the US and other locations.
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Suez Canal revenues hit new records, amounting to LE 18.2 bln
The revenues, according to CAPMAS, exceed the level recorded in the previous month of November, which was 17.3 billion pounds.
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Egypt’s gov. seeks to localize electric vehicles industry
It also noted that the public sector companies are committed to annually replace 5 percent of their vehicles by locally-made electric ones.
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Suez Canal Economic Zone launches Chinese projects in billions of dollars
These projects would lead to the creation of no less than 5,000 direct and indirect job opportunities for Egyptians.
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Egypt's Infinity Towers project is 45% complete
The Class A office building is poised to become one of Egypt’s tallest skyscrapers on completion.