News
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Yearender 2022: What are the four major economic challenges Egypt will face in 2023?
The COVID-19 pandemic continues to create serious challenges for the Egyptian economy, which has been exacerbated by the Russian-Ukranian conflict.
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NBE denies issuing savings certificates with a return of 20%
The bank does not plan issuing higher savings certificates in the present time.
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Egypt to sell trains tickets to foreigners in Dollar, Euro
There are 1023 travelers, who paid the value of train tickets in foreign currency during the past days.
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Saudi Arabia 2nd largest investor in Egypt with $6.1 bln
Saudi Arabia is the second largest investor in Egypt, investing $6.1 billion till now in 6,017 projects in industry, construction, tourism and more.
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Oriental Weavers Carpet sees $55.6mln block trading
The transaction was executed on 163.74 million of the company's shares.
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All you need to know about Egypt’s first Talgo train ride between Cairo and Alexandria
The employees of the company said that their presence on the first ride comes to review the operation.
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45 Worn-out cars, motorcycles lifted from streets during traffic campaigns
Egyptian President Abdel-Fattah El-Sisi called on the government to end the abandoned vehicles phenomenon in various cities.
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Egypt starts rescue plan for the 57375 children’s cancer hospital
They warned that the hospital, which serves thousands of children with cancer, is at risk of closure due to a lack of financial funding.
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CBE extends two initiatives in support of tourism sector
These initiatives by CBE were initially set to expire at the end of the year through March 2023.
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Health Ministry resumes Knock on Doors campaign for family health in Upper Egypt
The campaign was first launched in Fayoum and will continue in Assiut until the end of March.
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Sisi orders establishing family care fund
The President also directed that the drafting of the new personal status bill should be simplified and detailed.
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Egypt announces arrangements for successive release of goods in ports
This came during a meeting held by Madbouly to follow up the markets and preparations for the holy month of Ramadan.
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Trade min. holds talks with senior Saudi officials
The talks tackled means of benefiting from the great economic potentials of Egypt and Saudi Arabia.
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Henkel Egypt celebrates International Day of Disabled Persons and holds special training for its employees
The training tackled several subjects that target raising awareness of Henkel Egypt employees on persons with disabilities-related topics.
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Senate approves Egypt’s Digital Fund bill
The Senate, under Abdel Wahab Abdel Razaq, Sunday approved Egypt’s Digital Fund bill that was submitted by the government.
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Egypt, Saudi Arabia discuss SASO certificates for Egyptian engingeering firms
Helmy announced an upcoming visit by the Saudi Arabia Standards Organisation to Egypt to grant courses and training to Egyptian companies.
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Finance Ministry begins preparing draft budget for FY2023/24
We are committed to meeting the needs of citizens, reducing inflationary effects on them, and achieving economic goals: Finance Minister.
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Egypt invested LE 12 bln in electricity sector during 2022
Hamza added that the sector aims to be able to transmit sustainable electric energy from all sources of production to all customers.
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Egypt opened, operated 431 hotel and tourist facilities, marine activity centers in 2022
This comes within the framework of the strategic goals of the tourism ministry to increase hotel capacity and tourism activities across Egypt.
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SCZone receives first batch of Mercedes vehicles in logistic park
The partnership with Mercedes-Benz Egypt and its presence within SCZone is an important step to support the auto industry in SCZone.