News
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Egypt has 1356 therapeutic tourism sites nationwide
These sites lack the required infrastructure around them, except in some places, such as eco-hotels in the Siwa, Kharga and Dakhla oases.
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ETPB intensifies tourism promotion activities in 2022
The American company McCann, one of the largest specialized international advertising agencies, to undertake an international promotion campaign.
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Egypt-Singapore trade up 120% YoY in 2021
Egyptian exports amounted to $505 million, and Singaporean investments in Egypt amounted to $175 million in 33 projects.
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Central Bank of Egypt to issue $850m US dollar-denominated T-bills
The CBE uses the proceeds of this T-bills bid to pay the value of a previous bid submitted by the bank on 4 January 2022 at a value of $852.9m.
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Qatari company eyes Egypt's Hilton Ramses Hotel
According to Al Sharq Bloomberg, the "United Kuwari Group" submitted an offer to the Arab International Company for Hotels and Tourism, which owns it.
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Saudi Arabia’s United Cars and Motorcycles team visits Museum of Egyptian Civilization
The two teams are participating in the International Sports Exhibition "Expo sports 2023", which is hosted by Egypt from 26 December to 8 January.
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Gov't assures citizens US dollar crisis on Its way to a solution
The ability of the banking sector to deal with the current situation contributed to the release of commodities worth more than six billion dollars.
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Cairo International Airport sees highest passenger traffic last Friday
The minister added that Egyptian airports are currently undergoing major development, highlighting that the project to develop Sharm El-Sheikh Airport
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IMF: global economy to face tougher year in 2023
The IMF expected that 2023 would witness an economic recession that millions of people around the world would feel.
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Al-Sisi reviews Egypt’s Sovereign Fund projects, partnerships
Al-Sisi directed that the Sovereign Fund of Egypt (TSFE) should utilise the state’s assets and develop them in a sustainable manner to maximise return
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Gulf shares start new year in upbeat mood, Egypt outperforms
The IMF warned on Sunday about a tougher year in 2023 for the global economy with USA, China, Europe with weakening activity.
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Bank liquidity in Egypt increases to EGP 7.318trn in November 2022
A recent report by CBE revealed that the money supply recorded EGP 1.692trn in November, compared to EGP 1.382trn in December 2021.
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EIPICO’s board nods to 15% issued capital raise
The EGP 148.75 million capital hike will be distributed among 14.87 million shares as per the fair value (FV) with no issuance expenses.
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President El-Sisi follows-up on the localization of the fishing vessel industry in Egypt
The President gave directives to simultaneously integrate the construction process of these boats to upgrade natural lakes nationwide.
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Capital markets in 2022: It just wasn’t the year for fresh paper
At the start of the year, the government envisioned as many as 10 state-owned companies selling shares on the bourse in 2022.
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HCMLT to offer 25% of Egyptian General Warehouses on Nile Stock Exchange in Q1 2023
The Egyptian General Warehouses operates in the transportation and logistics sector in the areas of warehousing, customs clearance and goods transport
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President El-Sisi Follows-up on the Activities of the Suez Canal Authority
President El-Sisi gave directives to proceed with the implementation of the development strategy of the Suez Canal.
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Egypt Government Moves to Control Currency Exchange Rate
The government said US dollar crisis is on its way to being resolved, it will crack down on currency dealers in the “black market.”
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El Molla, Fouad open trial operations of wastewater treatment plant at Al Amal Petroleum
This plant is the first of its kind in efficiency in Egypt and the Middle East which will serve petroleum production and ensure environmental safety.
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Agriculture expert suggests solution to shortage in animal feed in Egypt
The expert highlighted that the poultry industry alone needs around 900,000 tons of feed per month.