News
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Ehcaan reviews Sharm El Sheikh Airport upgrade project
The airport's infrastructure has been upgraded significantly and the passenger terminal expanded to accommodate five million travelers a year.
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Valeo has invested around €0.5bn in Egypt over the past 10 years
Valeo is a tech company that works in the field of smart mobility with a particular focus on the development of safety on roads.
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Egypt, South Korea discuss ways to strengthen bilateral cooperation
Ambassador Hong mentioned that since Egypt became an official development assistance (ODA) priority partner country in 2021.
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Egypt plans to develop Giza Zoo, connect it with Orman Park via aerial lift line
The park will be divided into four sectors – Egyptian, African, Asian, and nocturnal, the zoo will also introduce new animals it has never had before.
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Fawry joins together with Classera to encourage digital payments in Egypt’s educational sector
As part of this partnership, “Fawry” provides Classera customers with all technology solutions and integrated digital payment services.
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Imported sanitary ware prices increase 40%
Instability of exchange rate is behind price hike of sanitary ware, says Matta Beshay.
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Egypt could produce 20M tons of green hydrogen by 2035
The study expected that the African continent would have the capacity to produce € 1 trillion worth of green hydrogen annually by 2035.
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Egypt, Japan sign second financing tranche of metro line 4
The second tranche will be used to support the implementation of the first phase of Line 4 of the Greater Cairo Metro, with a length of 19 km.
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Egypt's agricultural exports recorded 6M tons in 2022
In a related context, Egypt's exports of frozen strawberry surged by 30 percent in the first 10 months of 2022.
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OPPO denies exit from Egyptian market, announces new investments
Moreover, OPPO plans to continue its ambitious strategy in Egypt during the coming period, it added.
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11 Egyptian startups secure $508.5M financing in 2022
The fintech and e-commerce sectors topped the list on the basis of both the number of companies and the value of finance in 2022.
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Egypt's TCI Sanmar Chemicals Charts Plans $15mln Investment in 2023
The company, a part of India’s Sanmar Group, is a significant player in Egypt’s petrochemical industry.
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Egypt eases rules for tax-free car import programme
Egyptian expats wishing to take advantage of a government initiative to import cars to Egypt free of custom duties and taxes are now not required.
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Cairo International Airport receives largest number of travelers this year
He added that the air traffic during the months of October, November and December witnessed great demand by tourists for Sharm el-Sheikh & Hurghada.
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Gold price soars in Egypt as local currency weakens
Prices have since fallen to 1,545 pounds but it's still a jump from 673.5 pounds a year earlier and a sharp premium versus the current $50-51.
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Egypt’s GASC announces wheat tender
GASC said the tender was to supply 30,000, 40,000, 50,000, 55,000 or 60,000 tonnes, plus or minus 5% at the sellers’ discretion.
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The Egyptian Banking Institute signs a cooperation agreement with Talogy
In alignment with EBI's strategy for developing the human capital in the Egyptian banking ecosystem.
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Trade Ministry acting to secure commodities in markets ahead of Ramadan
He touched upon facilities by the government and the Central Bank of Egypt (CBE) to release big quantities of commodities and production supplies.
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Ten years in prison, fine in millions for US dollar manipulators, CBE
CBE also said that it has monitored violations in money transfers from Egyptians residing abroad.
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Egypt's central bank taking action to regulate forex market
The bank had observed "illegal practices related to the foreign exchange market" and illegal attempts to make quick profits, its statement said.