News
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Egypt's Senators suggest alternative approaches for funding educational sector
The fund will be used for building new schools to reduce the current class density in governmental schools.
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Egypt's food industry exports increase to $4.1 billion
In December 2022, exports amounted to about $291 million, compared to $304 million, year-on-year, a decrease of 4%.
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Egypt's exports to Brazil hit $650M in 2022, says official
Egypt was the largest exporter of oranges to Brazil in 2022, as its exports of the fruit hit $7.3 million, against $2.6 million in 2021.
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Egypt, Italy scale up cooperation to boost LNG exports to Europe
Italy’s Eni produces more than 50% of the Egyptian natural gas, El-Molla said.
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Egypt maintains strong position in citrus
Growers in Egypt anticipate a rewarding citrus season, with prices expected to remain good despite rising volumes.
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Egypt banks stop issuance of CDs by the end of January
The search rates of citizens who wish to purchase the new Certificates of Deposit (CDs) with a return of 25 percent introduced recently have increased
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State keen to grant private sector 'appropriate' opportunities for growth
The upcoming sector will witness granting the private sector more opportunities for growth, expansion and partnership in the various sectors.
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Egypt's sovereign fund, B Investment ink deals to co-invest over EGP 2 billion in health sector
BIH and TSFE's sub-fund are committed to invest EGP 200 million and EGP 100 million, respectively.
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Egyptian investments in machinery grew by 25% in 2022
The types of machinery most in demand right now, especially in Egypt, are optical sorters and X-ray machines.
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Egypt to offer 30% stake in 7 state-run hotels to GCC funds within 2 months
One of the sources said that TSFE is undergoing the final stage of the pre-IPO evaluation.
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Palm Hills Developments to establish “GEMS British International School of Badya” in partnership with EEP
Badya is the first sustainable city in Egypt and the first smart city in west Cairo
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X-ERA, Paymob join forces to offer digital B2B payments tool in Egypt
Paymob’s gateway will process various methods of payments, including credit card, digital wallet and others on the X-ERA app.
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MSMEDA pumps LE 6.8B to 222K small, micro projects during 2022
This came during a meeting held by Prime Minister Mostafa Madbouli, with the CEO of the MSMEDA, to follow up on a number of the agency's work files.
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Orascom Construction to distribute interim dividend of $0.18/share
Revenues of the EGX-listed firm grew to $3.05bln during 9M-22.
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Arab Drug logs 108% increase in 6 months
Arab Drug is an Egyptian company engaged in the pharmaceutical sector.
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Egypt economic growth this year seen quicker than government forecast
Egypt's economy will grow 4.8% in the current fiscal year, faster than predicted by the government.
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Grand Egyptian Museum at 100% completion, ticket prices announced
Chief archaeologist at the Ministry of Tourism and Antiquities, Magdy Shaker, assured that the opening ceremony of the GEM will be “legendary”.
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Fitch Solutions expects 52 million tourists to visit Egypt till 2026
It said that Egypt enjoys a distinguished geographic location in addition to different types of tourism.
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Travco Group to boost hotel capacity in 2023 with EGP 7B in investments
The group will directly finance 60% of the investments, with the remaining to be funded through loans from banks, the CEO revealed.
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Juhayna’s stock soars following CEO, son release from prison
In the first nine months (9M) of 2022, Juhayna’s consolidated net profits amounted to $25.03mln.