News
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Egypt’s strategic partnership with China: opportunities and implications
The partnership between Egypt and China also entails several implications for Egypt’s relations with the United States.
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Indian firms express 'huge interest' in investing in Egypt clean energy & infrastructure projects
Leading Indian companies, including ReNew Power and the Adani Group, have expressed to President Abdel-Fattah El-Sisi "huge interest" in clean energy.
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Real estate officials present urgent solutions to solve sector problems
The meeting concludes with a set to solutions to mitigate the impact of recent crisis on the market, including adding a net-zero interest period.
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Egypt announces details of IPOs program in 2 weeks
Madbouly added that he previously discussed the revitalization of the Egyptian Stock Exchange.
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Alexandria Container’s profit jumps 150.7% YoY in H1 FY 2022/23
The company recorded a net profit of EGP 1.8 billion in the July-December period of 2022, up from EGP 717.76 million in the year-ago period.
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El Batal Developments finished concrete works of the largest administrative building
"El Batal Developments" Company will be preparing during next February to complete all concrete works for its "Rock Capital 1" project.
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Misr Chemical Industries posts 191% YoY profit hike in 6 months
Sales totaled EGP 455.84 million in the six months to December 31st, 2022, up from EGP 270.56 million in the same period of FY 2021/2022.
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Red Sea governorate receives 4 million tourists in 2022
Resorts and hotels in the Red Sea governorate received more than four million tourists of different nationalities in 2022.
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Egyptian, Azerbaijani presidents discuss enhancing cooperation in energy, infrastructure, tourism
This is in addition to MoUs between the Egyptian Ministry of Trade and Industry and Azerbaijani Ministry of Economy.
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Egypt-India trade exchange reaches $4.1bln in 11M 2022
The value of Indian investments in Egypt amounted to $3.2bln in 52 projects: minister.
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Egypt receives 63,000 tons of Russian wheat at Safaga port
Safaga Port received on Saturday 63,000 tons of Russian wheat aboard the dry cargo ship PAREA, according to the Red Sea Port Authority.
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$52mln increase in sales of firms benefiting from incubation, export support programmes since 2019
The initiative’s harvest report for the year 2022, that the initiative provided more than 2,000 job opportunities.
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Cairo Book Fair: Egypt's Asil Ensemble play first show on home soil since forming in 2003
The performance featured the words of two poets favoured by UAE Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan.
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Egypt inaugurates BioGeneric Pharma factory to produce mRNA vaccines, biologics
The company is set to become a hub for mRNA technology for Africa and low- and middle-income countries, Rabie added.
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Egypt ranks 4th in African VC market
The list of the top VC destinations includes Nigeria, South Africa, Egypt and Kenya respectively. The four account for 70% of African VC market.
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Egypt to keep electricity tariffs unchanged for 6 months
The decisions included the complete shutdown of the electrical current after the end of official working hours.
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Brazil seeks to sell cotton to Egypt as market opens
Brazilian farmers aim to account for 20% of Egypt 's demand for cotton imports over the next two years.
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Egypt plans to allot land to Indian industries in Suez Canal Special Economic Zone
President Abdel Fattah El-Sisi welcomed the expansion of Indian investments in Egypt, which is currently more than 3.15 billion dollars.
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Jumia’s investors rethink their stakes — for better and worse
Baillie Gifford disclosed ownership of 18.75 million shares in Jumia, representing 9.39% of the company.
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Egypt efforts to modernize aircraft inventory to drive defense expenditure at 3.9% through 2028
The US provides Egypt with $1.3 billion of military assistance annually to facilitate the transition from the outdated Soviet era equipment.