News
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FRA amends controls for SMEs financing
The amendments is to confront default risks, within the framework of completing the authority’s role in developing non-banking financial markets.
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Egy Holding executes 45% of constructions of EPIC Complex at New Capital
The company plans to complete the project constructions by the end of 2023.
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Talaat Moustafa Group beats sales expectations by 28% to EGP 33.2bn in 2022
The company’s sales exceeded its expected limit of EGP 26.24bn by 28%.
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Laser hallmarking on gold to be applied in Q1-23
The Ministry of Supply and Internal Trade agreed with the Armed Forces to deploy the software system for laser hallmarking on gold.
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Forbes reveals 10 richest Arab families in 2022
The list was topped by the Sawiris family from Egypt, with a fortune of $11.2 billion.
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Rowad 2030, VictoryLink sign MoU to support startups
The objectives of the memorandum mainly focus on enabling joint cooperation mechanisms between the two parties to provide integrated services.
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Egypt's Damietta port receives 66,000 tons of Russian wheat
The port of Damietta received the bulk carrier "ANNA-S" coming from Russia with 66,000 tons of wheat on board for the Supply Commodities Authority.
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Egypt's engineering exports rise 10% to $3.3 billion in 2022
Egypt's engineering industries exports rose between January and November 2022 by 10 percent to $3.3 billion.
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Senate approves draft law establishing Digital Egypt Fund
The Digital Egypt Fund aims to activate several digital services and promote digital transformation to ensure sustainability.
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Nigerians Explore Egypt, Morocco, others after Dubai visa ban
For now, only Nigerians with diplomatic passports and few others have easy access to Dubai.
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Sisi approves simplified agreements with AFD for transport, climate sectors
The agreement includes a loan from the AFD to Egypt valued at a maximum of EUR 95 million.
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Egypt among top 10 world's fastest growing economies in 2022
The center said that many developments took place in 2022 in spite of the international crises that cast a shadow on various economies.
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Stamping and Scales Authority unveils new law for gold manufacturers
Meanwhile, the ministry is discussing the introduction of amendments to Law No. 68 and 91 regarding gold and precious metals.
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Supply Ministry forms operations room to facilitate custom clearance of production supply imports
Operations room includes Ministry of Trade and Federation of Egyptian Chambers of Commerce.
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Industry Minister: Singaporean company plans to establish fertilizer plant in SCZone
The minister stressed that his ministry welcomes Singaporean companies wishing to inject new investments into the Egyptian market.
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Extractive, transformative industries index decreases by 3.04% in Oct. 2022
The index of pharmaceutical and chemical products hit 122.36 in October, up 3.88 percent from 117.39 for September.
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Pachin reports 422% YoY higher consolidated profit in 3 months
Paints and Chemical Industries is an Egypt-based public shareholding company engaged in the production, marketing, and distribution of paints.
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First phase of solar energy project at Misr Station in Cairo inaugurated
This is an integrated project for solar cell systems connected to the electrical grid and improving lighting systems for the Misr Station.
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Egypt interest rate forecast in 5 years: Will CBE keep tightening to meet IMF requirements?
Headline inflation accelerated to nearly 19%, while core inflation, which excludes food and regulated items, surpassed 21% in the most recent reading.
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McDonald’s denies rumors about exit from Egyptian market
The company confirmed the continuation of its business in the Egyptian market as a promising market.