News
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Misr for Chemicals Industry starts construction of evaporators unit
The project is executed in partnership with the German engineering group thyssenkrupp.
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Egypt's Suez Canal registers record revenue of $7.9 billion in 2022
Egypt's Suez Canal registered a record-breaking revenue of $7.9 billion in 2022, authorities said.
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CheckMe acquires Doctor Online through Exits MENA
CheckMe is a customer-centric marketplace mobile application that provides on-demand medical lab services through multiple lab partners safely.
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Egypt's central bank seen raising interest rates by 200 bps
The median forecast in a poll of 12 analysts is for the bank to raise its deposit rate to 15.25% and its lending rate to 16.25%.
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Supply Min.: Egypt's strategic reserve of all basic commodities 'Safe'
The ministry will start coordinating with all relevant bodies as of next week to prepare for launching “SuperMarket & Ahlan Ramadan” exhibitions.
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Egypt’s renewable energy production put at 10.08 GW
This accounts for around 29.6 percent of the total energy mix, according to official data.
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Calling for restructuring global finance system one of most important outcomes of COP27: Mohieldin
It resulted for the first time in efficient plans and initiatives to finance climate action, beside the effective participation of the private sector.
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Celebrities, influencers start donation campaigns to support Children's Cancer Hospital 57357
Social media users followed suit, as a large number of them published their donation messages, which they made for the benefit of the hospital.
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Import-export firms turn to black market for US dollars
As the country braces for a new devaluation of the pound, the dollar has reached new heights on the black market.
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Egypt's new tax e-invoice system: Everything you need to know
The new system obliges all companies registered for VAT and selling taxable goods or services to register and submit electronic invoices.
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SCZone prepares Abu Khalifa area for investment during 2023
There are many industries within this region, including small industries, food industries, and textiles.
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Tourism Ministry to launch ‘Experience Egypt’ website in January
5 segments of tourists are targeted by campaigns to promote Egypt abroad: family tourism, cultural, relaxation, adventure, and entertainment&culture
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Egyptian-Lebanese trade grows 33% YoY in 2021
Egyptian exports to Lebanon grew by 18% to $329 million in 2021 from $280 million in 2020.
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Agriculture ministry reviews efforts to increase agricultural area by 3.5 million feddans
The minister reviewed the Ministry's efforts for vertical expansion to increase productivity and raise the efficiency of the land and water units.
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Egyptian gov't cancels Hajj at state expense for current season
This came during the PM's meeting of the Higher Ministerial Committee for Hajj.
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Egypt secures $13.7B to support national development objectives
This included $11.1 billion directed to sovereign projects across various economic activities and $2.6 billion for the private sector.
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White Eagle Development launches EGP 2bn projects at NAC with Egyptian-Emirati partnership
Gebili added that the company is also preparing to launch another project in the NAC with investments worth approximately EGP 1.2bn.
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European Bank for Reconstruction and Development grants $40mln loan to Angel Yeast Egypt
The bank noted that the loan would promote diversification and enhancement of the company’s value chain by adding new suppliers from private sector.
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Egypt succeeds in decreasing trade balance deficit
Also, there was a leap in the Egyptian exports with a percent of 26.6 during the first nine months of 2022 recording $38.7 billion.
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Suez Canal Authority to acquire South Red Sea Shipyard
South Red Sea Shipyard is a private company operating in the Port of Safaga.