News
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Egypt announces new fuel prices for 2023 within days
The committee issues new fuel prices for 2023, taking into account that the rate of increase or decrease does not exceed 10 percent.
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Proceeds from high yield saving certificates in NBE and BM reach nearly EGP 100 billion in just 48 hours
The certificates are also available at a 22.5 percent yield for monthly disbursement.
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Sustainability Forum Middle East to kick off this Thursday
Sustainability Forum Middle East today announced that its inaugural edition taking place in the Kingdom of Bahrain on January 12, 2023.
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Saudi Arabia announces contractual exceptions for companies without HQ in Kingdom
The decision, was issued in 2021, and will enter into force in 2024, restricts any contracts with bodies, institutions, and funds affiliated with gov.
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Intelli-pro executes firefighting solutions for 16 companies in 2022
Eng. Kareem Ahmed: localizing firefighting products saves millions of dollars annually .. We have a lot of opportunities.
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Egypt, Greece mull naming int’l consultant for joint power linkage project
Shaker said 2,000 megawatt can be exchanged through the electricity interconnection project between Egypt and Greece.
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Egypt’s RME awarded construction contract within Fayoum wastewater programme
$12mln contract awarded for sewerage networks and pumping stations.
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Egypt establishes its first global city for trade of new, used cars
The global city will include a free zone and a used car sale area, the agency complex area, traffic offices, car showrooms, and services.
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Cairo receives first 2 charter flights from S. Korea after resumption
The first flight, operated by Asiana Airlines, came from Seoul with 295 passengers onboard, while the second flight was operated by Korean Air.
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Egypt’s famed bazaar welcomes return of Chinese tourists
Chinese tourists constitute a large percentage of buyers … They would spend a lot on buying antiques and gifts.
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Egypt’s agricultural exports hit 6.5 mln tons for 1st time ever
The country’s top agricultural exports were citruses, potatoes, fresh onions, grapes, fresh tomatoes, sweet potatoes, strawberries, guava.
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Egypt's exports of medical, cosmetics grew by 45% in 2022
The African market is promising for the sector's products during 2023, but some obstacles must be dealt with.
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Egypt's GASC starts year with fresh wheat tender for Feb shipment
GASC announced fresh tender set to close on January 10 looking for optional origin milling wheat for February 10-25 shipment.
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India and Arab Republic of Egypt: opportunities for mutually beneficial cooperation
India has invited President El Sisi of Egypt, as a Chief Guest for the Republic Day celebrations on January 26, 2023.
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Egypt's PM reviews report on efforts to implement 100 Million Trees Initiative
The prime minister reaffirmed the importance of the role of the presidential initiative in doubling the per capita share of green spaces in Egypt.
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Egypt signs deal for construction of 1,000-MW worth of solar and wind power
The two projects, the 500MW Abydos solar plant located 600km south of Cairo in Aswan governorate and the 500MW Amunet wind farm 318 km south of Cairo.
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Egypt aims to establish first integrated city for Alzheimer’s patients
A government statement said that the proposed city adopts the principle of comprehensive, long-term care and will be in Fayoum.
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Egypt ready to fulfill Sudan electricity needs
Egypt provides Sudan with 80 megawatts. This amount is due to increase to 300 megawatts and later to 1,000 megawatts.
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Zewail City to establish Museum for late Nobel Prize laureate Ahmed Zewail
The museum will house a large number of the holdings of the Nobel winning scientist Zewail and his inspiring scientific journey.
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Egyptian banks collect EGP 24 billion from 25% certificates within two days
The head of Banque Misr confirmed that this scenario had been repeated before, as banks offered certificates and savings with a 20% return in 2017.