News
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Egypt cotton imports seen 23.8% lower in 2022-23
The U.S Agriculture department reduced Egypt's cotton imports by 23.8% due to lower domestic use. Egypt's cotton production expected to up 50% in 2023
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Egypt offers land to foreign investors for housing projects
The New Urban Communities Authority (NUCA) unveiled the offer which involves nearly 597 acres (2.4 million sq metres) of land in New Cairo City.
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Egypt, Iraq, Lebanon to boost investments and trade
Minister of Trade Ahmed Samir held meetings with a number of ministers in the 111th session of the Arab League Economic and Social Council.
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USD/EGP rises 8 piastres to 30.55
The official price of the dollar in the Central Bank of Egypt (CBE) recorded EGP 30.55 to sell and EGP 30.46 to buy.
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PM receives report on citizens’ complaints in January
Director of the office Tareq El Refaei, who prepared the report, stated that some 113,000 complaints and pleas had been received in January.
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Gempetco extends shelf drilling’s Jack-up rig term
The Rig 141 is a Marathon LeTourneau 82-SD-C unit, built in 1982. Its maximum operating depth is 76.2 meters (250 feet).
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Egypt, Serbia talk bilateral relations
Foreign Minister Sameh Shoukry and his Serbian counterpart Ivica Dačić discussed on Thursday 9/2/2023 ways of pushing forward bilateral relations.
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African development bank appoints Abdourahmane Diaw as country manager for Egypt
Immediately prior to his appointment, Diaw was Officer in Charge of Egypt Country Office and served as Regional Manager.
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Egypt 3rd in world in gold strategic reserves
Egypt has become the third in the world in terms of increasing the strategic reserves of gold, exceeding 125 tons, up from 75 tons.
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Sisi inaugurates 2nd stage of Silo Foods Industries City
Silo Foods, an affiliate of the National Service Projects Organisation (NSPO) of the Armed Forces, is the first food industries city in the ME.
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Winter Sale Season kicks off in Egypt
Four hundred stores in Egypt take part in this annual winter sale, amid great control in prices from the Supply Ministry.
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The 32 state companies to see stakes sold on EGX
Egypt’s Cabinet released on Wednesday a list of 32 state companies which it intends to sell stakes from over the next year.
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ADIB-Egypt honored with 20 awards in 2022
From leading global and regional institutions recognizing achievements in Islamic banking and digital innovation.
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Egyptian exports jumped 19.2% in first 11 months of 2022, to $46.9bn
Turkey topped the countries to which Egyptian exports went during the first 11 months of 2022, with a value of $3.5bn, followed by Spain with $3.3bn.
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Egypt's urban inflation reaches its highest rate in 5-years at 25.8%
Inflation recorded 150.6 points in January 2023, recording a 4.9 percent increase compared to December 2022, the CAPMAS said.
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Telecommunications companies in Egypt offer free calls to Syria, Turkey
Telecommunications companies in Egypt offerd international roaming service to its customers residing in Syria and Turkey for 15 minutes for free.
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IDSC: Egypt to become regional hub for electronics
Three global companies started to produce mobile phones in the country at total investments of LE 2 billion and an annual production capacity of 20 m.
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Flutterwave obtains new Egypt payments licences
Flutterwave, with these licenses, becomes one of the few payment service providers in Egypt with both local and global settlement capabilities.
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Noventiq closes DigiTech acquisition
Noventiq the global digital and cybersecurity solutions and services provider, announces closing of the acquisition of Egypt-based DigiTech.
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Clyde & Co opens an associated office in Egypt
There are two other partners at the associated firm: Mostafa Elsakaa and Sameh Dahroug are Egyptian-qualified and have more than 15 years experience.