News
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1st rail journey on Cairo-Luxor line by new Talgo train slated for Sunday
The first rail journey on the Cairo-Luxor line using the new Talgo train will take place on Sunday, announced Minister of Transport Kamel El-Wazir.
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Egypt's GASC books about 535,000 tonnes of wheat in tender - traders
GASC confirmed the tonnage bought and shipment periods in February and March but gave no more details, The wheat was all expected to be from Russia.
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Health ministry provides services at CIBF
The Health Ministry is providing a mobile CT scan van and a mobile dental unit at the 54th edition of Cairo International Book Fair, for the 1st time.
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Egyptian gov’t denies raising price of subsidized bread as of July
Over three decades, Egypt has provided subsidized bread for 5 piasters ($0.0016). However, President El-Sisi ordered increasing it in August.
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First shipments of the Egyptian onion season depart next week
Egypt will start shipping the early yellow onion varieties next week. The red and late yellow varieties will follow in April.
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Nigeria, Egypt sign agreement to boost trade
The negotiations between the FCCPC and the ECA about ways to strengthen competition law and policy within their respective agencies started in 2019.
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Rixos Hotels Egypt bagged a recognition of the booking.com traveller review award 2023
This distinguished award is an annual appreciation program for various hospitality partners with remarkable services, determined by review scores.
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46.3% increase in Egyptian exports to Romania during 10M 2022
The value of Egyptian imports from Romania amounted to $1bn during the first 10 months of 2022, compared to $750.5m during the same period in 2021.
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Could Egypt depend less on 'hot money' as source to bolster its FX reserves in the short term?
Egypt's prime minister and finance minister asserted the government's intention to focus on attracting more direct investments to avoid shocks.
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Sweilam, El-Said discuss current investment plan of Irrigation Ministry
Irrigation Ministry’s current fiscal year plan is with an estimated budget of about EGP 16.20bn. The water sector comes at the top of priorities.
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Egypt’s NTA, South Korea’s KAIST discuss bilateral cooperation
Executive Director of the National Training Academy of Egypt (NTA) Rascha Ragheb discussed with Korea Advanced Institute of Science and Technology.
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Egyptian-Hungarian committee for economic cooperation convenes in Budapest
The committee’s meeting was chaired by Egyptian International Cooperation Minister Rania el Mashat and Hungarian Minister of Foreign Affairs and Trade
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Analysts name potentially successful areas for government IPOs
At the end of last year, the state adopted the “State Ownership Policy Document” to allow more room for private sector participation in economy.
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The evolution of Brazil-Egypt trade in recent years
In recent years, Egypt and Brazil have developed different trade possibilities in both directions. Especially through free trade agreement.
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Egypt's tourism revenues hit record high in Q1 of FY 2022/23
Egypt's fiscal year begins at the beginning of July and ends at the end of June the following year.
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Supporting Egypt’s transition to a greener economy
The programme also offers a technical assistance package and financial incentives from the European Union.
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3 factors led CBE to fix interest rates: analyst
The Central Bank took advantage of the tools of the monetary policy, and the financial policy to implement and enhance market stability.
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Egypt unveils new support for new cities’ real estate developers
Projects that have been or are being granted a grace period in exchange for fees, they will be also granted the 20% deadline extension.
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Abdel Wahab’s villa hit $7 million in market value
The villa of the father of modern Arab music, late singer, "Mohamed Abdel-Wahhab" hit the market for $7 million.
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Bank lends Etisalat Egypt $132m to expand broadband services
The funding is expected to help the operator improve its footprint and offer, said Etisalat Egypt.