News
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World Bank launches report on achieving demographic dividend in Egypt
The World Bank Group launched Tuesday a report entitled “Achieving the Demographic Dividend in the Arab Republic of Egypt: Choice, Not Destiny”.
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Egypt to import wheat from Serbia, Romania
Egypt needs to import five million tons of wheat during the fiscal year 2022/23, according to a previous statement by Moselhy.
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Egypt’s land and dry ports authority, local consortium sign pact for logistics zone PPP
The consortium will also manage and operate existing 11 warehouses and 24 cold storage facilities inside the land port.
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General division: Law does not license companies to keep hold of customers’ gold savings
The advertisements for buying and selling raw gold online for individuals through electronic applications on mobile phones are causing controversy.
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Egypt’s Irrigation Minister discusses water cooperation with Burundian counterpart
This came during Sweilam’s visit to Burundi during a tour of Nile Basin countries that included South Sudan, Sudan, Tanzania and Burundi so far.
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Egypt opens up its market to Brazilian Cotton after years of negotiation
In 2023, Brazilian cotton achieves import authorization. At stake is a 120 thousand tonnes a year marketplace.
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Egypt exempts components of mobile devices from development fee
The Egyptian Cabinet approved a draft decision to amend some provisions of Law, imposing a fee for developing the state’s financial resources.
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Egypt’s Sharm El Sheikh getting ready for African Development Bank’s Annual Meetings
A preparatory mission to Cairo and Sharm el-Sheikh led by the Bank’s Secretary General Vincent Nmehielle expressed satisfaction with the progress made
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Sports Ministry, CEF ink protocol to empower youth, create job opportunities
The ministry organized five employment fairs over the past six months with the participation of 142 companies, creating 12,195 job opportunities.
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Pharmadule plans conference in Egypt on next-gen pharmaceutical facilities
Together with partners in Egypt, United Group and EIPICO, Pharmadule has arranged a 1-day conference in Cairo.
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Cabinet approves establishing mobile phone network reinforcement towers in 20 governorates
A number of villages will also benefit from the approval, including "Decent Life" initiative villages.
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Network International introduces direct to merchant payments acceptance service in Egypt
Launch under new ‘networkpay’ brand to boost digital payment acceptance & financial inclusion in Egypt.
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Madbouli reviews report on environmental activities
The ministry implemented integrated media campaigns to raise awareness about environmental and climate change issues within "Go Green" initiative.
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OPEC Fund to lend $50 mln to AFC to boost infrastructure, create jobs in Africa
The collaboration between the OPEC Fund and AFC is targeted at increasing access to long-term sustainable finance for infrastructure projects.
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Egypt and YouTube work together
Egypt and YouTube collaborate to help promote safe experience for Women content creators.
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Moody’s downgrades Egypt, pushing bonds further into junk status
Moody's Investors Service downgraded Egypt's credit rating from B2 to B3 on Feb. 7, pushing the North African country further into junk bond.
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Egypt to initiate IPO programme under IMF-backed loan deal in March
Egypt intends to initiate the first stage of the IPO programme under its new loan agreement with the IMF in march.
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Government plans tax facilitations for investors
Finance Minister Mohamed Maait and Prime Minister Mostafa Madbouly reviewed draft laws that include tax facilitations for investors in Egypt.
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Egypt’s trade minister touts $994 mln trade exchange in meeting with Swiss ambassador
Egyptian Minister of Trade and Industry Ahmed Samir said on Tuesday that Egypt and Switzerland have distinguished trade and investment relations.
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Qatar and UAE compete to buy a major company in Egypt
The Emirati holding ADQ entered into negotiations with the Egyptian government to buy a share of the stake of Telecom Egypt in Vodafone Egypt.