News
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Air Cairo expects its fleet to increase to 30 aircrafts in 2023
As part of its ongoing expansion, Air Cairo has received four new aircraft in recent weeks, and there are likely more still to come.
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Egypt’s VACSERA in talks with China’s SINOVAC over vaccines plant construction
In June 2022, VACSERA settled debts of EGP 712.5 million for National Investment Bank, the report showed.
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Egyptian president inaugurates projects in Sohag recipient of LE102B-worth of public investments
Prime Minister Mostafa Madbouli stated during the ceremony that 6,340 new classrooms were built in Sohag at a cost of LE2 billion.
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Garlic volumes to drop by 50% in Egypt
The garlic season in Egypt will face a volume decline of up to 50%. According to Mr. Anthony Mina, CEO of E2M.
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Telecom Egypt and Huawei introduce Africa’s first ‘green tower’
Telecom Egypt is the first operator in Egypt and Africa to install the green tower, which is labelled as the optimum steel alternative.
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Compass Capital joins race to acquire Pachin
Compass Capital aims to acquire a stake of no less than 51% and up to 90% of the targeted company's capital.
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SK Ecoplant partners with CSCEC to expand business in Egypt, China
Egypt is regarded as a promising producer of green hydrogen with its abundant sunlight.
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Egypt's currency weakens to 26.49 to the dollar
Currency flexibility is a key demand by the International Monetary Fund, which approved a 46-month, $3 billion financial rescue package in October.
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NBE, Banque Misr issue 25% saving certificates for a year
This is the highest ever in Egypt. return of the certificate is paid at 25% interest at the end of the term, or at a monthly rate of 22.5%.
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Alamein Airport to start operating in March
The Bernice Airport is ready for full operation, while Sphinx International Airport has been opened to international and domestic flights.
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Egypt’s PMI for non-oil business improves slightly in December
Egypt’s Purchasing Managers’ Index (PMI) for the non-oil private sector inched up to 47.2 in December compared to 45.4 recorded in November.
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Egypt, India discuss enhancing cooperation in IT sector
Amr Talaat, Minister of Communications and Information Technology, met with Ajit Gupte, Ambassador of India to Cairo on Tuesday.
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Supply Minister: Egypt Imports more than 60% of Food Needs
The Minister of Supply revealed efforts to control the markets through the Consumer Protection Agency and the Supply Investigations.
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Egypt acquires 12 Chinook helos from Boeing
With this sale, Egypt will replace its CH-47D aircraft fleet with the modern F model, and benefit from its advanced multi-mission capabilities.
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El Molla reviews progress of ANOPC, MIDOR, WoTech projects
El Molla discussed the completion of the remaining phases for the three projects in terms of the procedures and steps to be taken.
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Experts expect no significant impact on Egypt’s tourism after Dubai’s alcohol-related measures
Dubai started the 2023 year by cutting off a 30% tax on alcohol sales and making liquor licences free, in an attempt to boost business and tourism.
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Egyptian MPs call for sacking Supply Minister over soaring prices
Nafie said that: “The ministry handed over the Egyptian people to greedy merchants, and helped to magnify the role of monopolists".
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Egypt's El Sisi wants Cairo zoo upgraded to world standard
Egyptian president discusses zoo project with his prime minister and cabinet members.
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Saint-Gobain strengthens its presence in construction chemicals in Brazil and in Egypt
Saint-Gobain, through its Chryso business, completed the acquisition of Matchem Brazil and entered exclusive negotiations to acquire IDP Chemicals.
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Suez Canal: Maximising resources
Ahmed Abdel-Hafez sounds out experts on plans to establish a fund to develop the Suez Canal.