News
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Egypt has enough reserves of basic commodities to last months
He, meanwhile, urged citizens to report any illegal practices by a number of traders through hotline (19588) or (16528).
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Egypt to conduct family planning survey amid population explosion
Population grew by 1.6 million in 2022 and is on track to hit 160 million by 2050.
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President El-Sisi follows-up on development of Egyptian agricultural export system
The Spokesman for the Presidency said the meeting followed- up on the development of the Egyptian agricultural export system.
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Yasmin Fouad: Abo Rawash waste project pioneering experience for generating electricity
At investments worth $120 million, the project, located in Abo Rawash, contributes to reducing the level of waste by producing electric energy.
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Egypt Suez Canal chief says revenues for 2023 expected at $8.7 bln
Egypt's Suez Canal is expected to generate $8.7 billion in revenues during 2023.
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Egypt to receive the second tranche of IMF’s $3 bln loan by end of March
The IMF approved in December a 46-month loan for Egypt under the Fund’s Extended Fund Facility (EFF) to address the impacts of the war in Ukraine.
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HD Bank registers block trading worth over $1.74mln
The transaction was carried out on 1.90mln of the bank’s shares.
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BPE Partners okays US$30 mln offer for remaining stakes in TotalEnergies Marketing Egypt
he yet-to-be-finalized transaction will mark the French private equity firm's exit from the Egyptian subsidiary of Total.
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ExxonMobil secures offshore blocks in Egypt
The two blocks, Masry and Cairo, are located in the outer Nile Delta and cover more than 11,000 square kilometres.
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IMF expects Egypt's economy to grow by 5.9% in 2025/2026
The IMF expected Egypt's economy will grow by 4% in the 2022/2023 current fiscal year (FY), 5.3% in the fiscal year 2023/2024.
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All you need to know about Egypt’s commitments, targets under new IMF programme
The report detailed the main targets and commitments the government has pledged under the four-year programme.
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Egypt-UAE sign deal to build 1,000-MW of solar and wind power
The company expects to bring the solar photovoltaic (PV) plant online in the first quarter of 2025 and the wind farm in the second quarter of 2025.
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El Molla chairs workshop for exploring mining investment opportunities at the golden triangle economic zone
Developing the Golden Triangle needs contributions from all the state’s related agencies and entities, which accelerate investments attraction.
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Chestertons launches in Egypt via strategic partnership with Gemini for real estate brokerage
Aims to create and implement concrete steps towards the integration of the next stage of brokerage standards in Egypt.
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High turnout reported at Egyptian museums on occasion of Christmas
A temporary exhibition is organized inside the Coptic Museum on the occasion of Christmas, said Othman in statements on Sunday.
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Egypt rehabilitates 6 slum areas dwelled by 500K citizens in Alexandria
The inaugurated projects included Misr Train Station in Alexandria after its renovation and a project to upgrade the railway signaling system.
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4 bulkers to bring Ukrainian foods to Egypt, UK, Turkey, Sri Lanka
MV Leo I will deliver 49,500 tonnes of wheat to Sri Lanka, while MV True Harmony will bring 25,900 tonnes of corn to Egypt.
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Rameda dedicates EGP 2.1M to ESOP
Accordingly, the company’s issued capital will increase to EGP 252.113 million from EGP 250 million.
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#BizTrends2023: African fintech is trending
A recent study by Mastercard noted that African fintech startups increased in number from 311 in 2019 to 564 by 2021.
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Traffic in Suez Canal normal after ship breakdown dealt with, SCA says
The breakdown was expected to cause only minor delays, with convoys of ships resuming regular transit by 11:00 local time (09:00 GMT).