News
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Tanzania begins filling Egyptian-built Julius Nyerere dam
Cairo's foreign affairs and housing ministers attend Rufiji River ceremony.
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Fintech Galaxy buys Egypt’s open banking platform Underlie
Underlie is an open banking platform, which offers application programming interfaces (APIs) to banks and businesses.
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El-Sisi follows up on state’s efforts to explore for natural gas, petroleum
During the meeting, El Molla reviewed the current and future investment plans in terms of gas exploration until 2025.
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Egyptian food companies target Saudi market
This week, a trade mission with 43 companies from Egypt took place in Saudi Arabia. The Saudi market accounts for 7.5% of Egypt’s food exports.
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Egypt's sales of gold, silver in 8 years worth $5.3B
The Australian company Centamin, which is operating the Sukari gold mine in Egypt, said that there has been an increase in the mine reserves.
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Central Bank of Egypt sets new measures for fraudulent and abusive use of credit, debit cards overseas
The Central Bank of Egypt (CBE) has set new measures meant to ban the fraudulent and abusive use of credit and debit cards outside the country.
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El Molla signs two CSR agreements funded by Eni
The first agreement is for implementing integrated development for rain-fed communities in Matrouh Governorate.
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Sisi urges rolling out incentive packages for medical teams
Sisi also directed the bodies concerned to supply those facilities with necessary equipment and support them with specialized clinics.
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China emerges as lead funder for Egypt's new administrative city
The new Administrative Capital that will host Egypt’s government offices and eventually aims to house some 5 million residents.
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Majid Al Futtaim Retail to launch a retail business school in Egypt next year
Construction of the school, spread over an area of 1,000 square metres, is underway and would be completed next year in time for launch.
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AXA Egypt concludes fiscal 2021/2022 results with effective operational outcomes
This affirms AXA’s robust strategy during its 7 years in the Egyptian market, providing all insurance products to its customers.
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Egypt's non-oil exports hit $30.4 billion within 10 months
The report also explained that exports of printing, packaging, paper, books, and technical works increased to reach $909 million.
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Egypt produces 2 million tons of fish annually with 85% self-sufficiency rate
This came during the speech of the Minister's at the plenary session of the House of Representatives.
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How local fashion is growing and surviving in Egypt
Local fashion is now sold online, and has a large niche audience that is loyal to several brands that have established themselves.
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Real Estate Investment Fund 1 launched
Real Estate Investment Fund 1 signed a deal to purchase commercial real estate assets from Talaat Moustafa Group in Al-Rehab City and Madinaty.
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Ecolab's business volume in Egypt, MENA hits $200m - Interview
In 2021, Ecolab helped its customers in Egypt save 2.40 billion litres of drinking water.
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Summu Consulting buys 6.6% additional stake in Electro Cable
The transaction was executed on 235 million shares at an average price of EGP 0.475 per share.
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Macron praises Qatar for World Cup and Egypt for COP27
The next COP will be held in the United Arab Emirates, which shows how much the region is becoming a diplomatic epicentre.
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UK to discusses ways to invest in Egypt’s renewable energy, health sectors
He also explained the improved business environment and some of the different investment opportunities.
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Egypt's exports of gold, jewelry, precious stones increase by 47%
It reached $1.326 billion, compared to $901 million during the same period of 2021.