News
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EGP 1.6bn directed to tourism promotion, aviation stimulus in FY 2021/22
The Minister added that spending on aviation stimulus amounted to EGP 850m during FY 2021/22, and EGP 800m for promoting Egyptian tourist destinations
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Egypt: Banque du Caire registers $117.65mln in Q3-22 net profits
The bank's net income from returns grew by 19% annually in Q3-22.
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7th Arab Housing Conference kicks off in Egypt
The three-day event is being held on the sidelines of the 39th session of the Council of Arab Ministers of Housing and Reconstruction.
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IMF loan will enhance economic growth, social protection
The new $3 billion loan to Egypt approved on Friday by the International Monetary Fund (IMF) will be used to support the country’s programme.
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Finance ministry getting ready to launch incentive program
Maait said that the program aims at creating a new tax culture that urges citizens to ask for a receipt from the shops.
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Supply Ministry prepares list of food commodities with indicative prices
Among those commodities so far are sugar, rice, oils, pasta, jam, flour, vegetables, fruits, meat, poultry, and fish.
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Saudi sovereign wealth fund in talks to acquire Egyptian bank for $600mln
The $620 billion sovereign wealth fund would carry out the transaction through the Saudi Egyptian Investment Company (SEIC).
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Green tourism tops Egyptian government's investment priorities in new FY plan
There are successful experiences of incorporating environmental aspects in resorts like in Siwa Oasis and Marsa Alam in the Red Sea.
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Ahli United Bank – Egypt Wins “Bank of the Year- Egypt” award
The Banker, an international financial publication, has awarded Ahli United Bank – Egypt as “Bank of the Year for Egypt in 2022” in London.
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Gahez app becomes first commission marketing platform for wholesale in ready-to-wear sector
The new service launched by the company aims to support young men and women in increasing their income by providing a new job opportunity from home.
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President El-Sisi Meets the Prime Minister and the Minister of Supply and Internal Trade
President El-Sisi was briefed on the status of the strategic stocks of all the state’s basic food commodities.
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Vicat Egypt ups stake in Sinai Cement for $5.66mln
Vicat Egypt purchased 21.50 million shares in the EGX-listed firm at an average price of EGP 6.49 per share, according to a stock exchange statement.
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Egypt, Malaysia in talks for $30mln palm oil production project
Under the first stage, a storage facility for Malaysian palm oil packaging will be established with investments of $10 million.
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Transport Ministry appeals to citizens not to dump waste on railway track
This comes within the framework of the expanded campaign launched by the Ministry of Transport under the title “Your Safety Matters to Us”.
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Businessman Tarek El-Amin passes away due to his illness
The late businessman suffered from lung cancer. His medical case worsened after cancer emerged in his body, reaching the bones.
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‘The Great Fringing Reef’ discovered in Egypt’s Red Sea
The diving chamber issued a report on the sustainability of the diving sector and marine activities.
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The top 7 Best Places to Work in Egypt for 2022 revealed
BSH Egypt was awarded the top position followed by Schneider Electric.
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El Molla confirms new gas discovery
El Molla said that in cooperation and coordination with Chevron, is working on evaluating the discovery and generating a plan for its development.
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Cabinet reviews efforts to operate fast "RoRo" shipping line to export agricultural crops to EU
The state adopts specific policies to work to increase the volume of Egyptian exports and open more foreign markets.
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Egypt to produce cancer drugs within 6 months: official
Producing medicines locally would reduce the import bill, absorb pharmacy and science graduates, and provide medicine on time.