News
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Egypt announces plan to redevelop 82 villages and 18 cities this year
The ministry will partner with the Armed Forces’ Engineering Authority to introduce the redevelopment.
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Hilton adds second Marsa Alam site
The resort will provide a range of accommodation options across 282 units – from standard guestrooms and beachfront suites to stand-alone villas.
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Emirates to add more flights to Egypt from Dubai
The boost will see Dubai-based airline Emirates operating four daily flights, three times a day on the A380 and one daily service on the Boeing 777.
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Egypt takes massive strides to secure smooth digital transformation
Talaat said Egypt is foremost among Arab countries in terms of fixed internet connection speed, according to a press release by the ICT ministry.
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ADNOC acquires half of Total Energy fuel stations in Egypt
This is part of the Emirati company’s ambitious strategy that focuses on fast-growing markets.
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Egypt PM meets with representatives of Turkish companies for first time in decade
Madbouly also welcomed new Turkish companies that intend to invest in Egypt, promising full support.
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FUN&SUN Kazakhstan inaugurates charter flights to Egypt
The charter flights will be operated by Air Cairo, one of the leading Egypt’s charter companies headquartered in Cairo.
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Signify CEO Eric Rondolat visits Egypt
Over the course of four days, Rondolat met with government officials, notable partners, & industry leaders to explore more energy-efficient solutions.
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MSMEDA backs innovative projects to enhance their role in national economy
The move comes as part of the government's plan to move toward a digital economy and attain the Sustainable Development Goals (SDGs).
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Egypt’s M&A activity shrinks to $4.2 bln in 2H of 2022
Mergers and acquisitions (M&A) in Egypt decelerated in the second half (2H) of 2022, said a recent report by global law firm Baker McKenzie.
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Young Entrepreneurs from Egypt, Iraq and Lebanon Trained in Japan
This programme has three phases and combines both online and in-person learning. It was launched in September 2022 with 189 participants.
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Eastern Company’s profits up to $113.9mln in H1-22/23
Additionally, the earnings per share (EPS) increased to EGP 1.47 in H1-22/23 from EGP 1.23 in H1-21/22.
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West Leaves in Egypt: Construction work activated for new $229m El Attal project
Construction has started on the $229 million West Leaves in Egypt, a project under development by El Attal Holding in Egypt’s 6th of October City.
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Egypt works IFAD to mobilize diverse financing mechanisms, stimulate private sector participation in food security
Al-Mashat said that recent global developments showed the need for urgent climate action that promotes water, food and energy security.
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How Egypt’s tourism ministry is recovering from COVID-19
Early indications are looking positive and the first quarter of the 2022/2023 financial year has shown great promise for Egypt’s tourism recovery.
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Egypt's second-largest carrier has selected this Indian smallcap company to increase their market share
Air Cairo, Egypt's second-largest carrier has selected AirGain to gather essential pricing insights and competitive intelligence data.
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EBRD downgrades forecasts for Egypt’s growth by 1% in FY2022/23
Highlighting Egypt’s economic scene, the report explained that the country’s economy recovered strongly from the COVID-19 pandemic in FY2021/2022.
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Cairo-Cape Town road scheduled to be inaugurated in 2024
The Egyptian Ministry of Transport is seeking to complete the “Cairo-Cape Town” road shortly, with the road scheduled to be inaugurated in 2024.
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Unemployment rate in Egypt decreases to 7.2% during Q4 of 2022
The urban labor force amounted to 13.211 million people, while it reached 17.133 million in rural areas, according to the CAPMAS’s statement.
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CBE reveals reasons for high inflation in Egypt
It attributed this rise to the continuation of supply chain disruptions and fluctuations in the exchange rate of the Egyptian pound since March 2022.