News
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China’s Xinyi Glass to Invest $700 Million in Egypt’s Solar Panel Glass Manufacturing Facility
China's Xinyi Glass invests $700 million in Egypt to build a solar panel glass manufacturing facility, boosting renewable energy infrastructure.
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UK’s Energean terminates Carlyle deal
Energean's $945 million deal with Carlyle is at risk of collapse due to pending regulatory approvals in Italy and Egypt.
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El-Khatib, ReNew Power Discuss Development of $8Bln Green Hydrogen Plant in SCZONE
Egypt and ReNew Power discuss plans to develop an $8 bil. green hydrogen plant in the Suez Canal Economic Zone, enhancing Egypt's clean energy status.
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Egypt Takes Center Stage at Berlin Energy Transition Dialogue
Egypt showcases its energy strategy at the Berlin Energy Transition Dialogue, emphasizing diversification, sustainability, and regional cooperation.
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Egypt launches ‘Digital Pioneers’ initiative to train youth, expand tech exports
Egypt launches the 'Digital Pioneers' initiative to train youth in AI, cybersecurity, and programming, aiming to boost tech exports.
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Egypt Enhances Position As Global Hub For Rehabilitation And IT Services
Egypt enhances its position as a global hub for rehabilitation and IT services, attracting international investments and boosting economic growth.
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Madinet Masr’s consolidated profits surge 36.94% YoY in 2024
Madinet Masr's consolidated profits surged 369.4% YoY in 2024, reflecting strong financial performance and growth in Egypt's real estate sector.
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Egypt, Nigeria discuss boosting coop. in energy, electricity
Egypt and Nigeria discuss boosting cooperation in energy and electricity, focusing on capacity and efficiency.
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MNT-Halan Receives FRA Approval to Implement E-KYC and Digital Contracts in Egypt
MNT-Halan receives FRA approval to implement e-KYC and digital contracts in Egypt, enhancing fintech services and regulatory compliance.
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Cairo International Airport unveils new smart services for travellers
The airport introduces a multi-story garage, an air-conditioned moving walkway, and smart parking solutions.
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Tax filing deadline extended to first working day after Eid al-Fitr
Abdel Aal urged all taxpayers and registrants to submit their tax returns electronically via the designated platform.
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Soaring prices push Egyptians to gift everyday goods this Ramadan
As Ramadan, Eid Al-Fitr, and Mother’s Day converge, Egyptian families prioritize home appliances and ready-made clothing over traditional gold gifs.
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FRA Approves Fintech Integration for Three Brokerage Firms
This decision marks a significant milestone in modernizing Egypt’s capital market by enabling these companies to leverage fintech solutions.
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Egypt, India reaffirm $12bn trade target during ministerial meeting
Minister of Investment and Foreign Trade Hassan El-Khatib emphasized Egypt’s commitment to attracting more Indian investments.
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Egypt investments put at $33.2bln in 2023-2024
Al-Mashat said several sectors recorded positive growth in the first quarter of the current fiscal year, which ends on 30 June.
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Egypt Signs Agreement with Siemens Gamesa for Wind Turbines and 500 MW of Wind Power in the Gulf of Suez
As part of Egypt’s broader energy transition plan, the government aims to achieve 42% renewable energy by 2030 and 65% by 2040.
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Egypt’s food industry exports surpass US$10 billion
Prior to this, Egypt’s Chamber of Food Industries organised 46 training programmes, conducted 85 factory visits and many seminars.
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Egypt’s Madinet Masr in talks for Saudi, UAE expansion
The EGX-listed developer is in negotiations with companies in Saudi Arabia and the UAE for potential joint ventures, starting with Riyadh.
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China’s Xinyi Glass Invests $700M in SCZone for Solar Panel Glass Manufacturing
Prime Minister Moustafa Madbouly has voiced strong support for the project, emphasizing the need for swift execution.
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NBE, Banque Misr cut interest rate on US dollar CDs
The NBE reduced the interest rate on the three-year “Al Ahly Fawran” and “Al Ahly Plus” dollar-denominated savings certificates by 0.5 percent.