News
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Marine Tourism flourishes in Red Sea as tourists go for diving, safari
A diving expert in the Red Sea says that there is a state of high demand for marine activity, especially as Europeans favor the suitable weather.
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Khartoum is discussing a major agricultural project with Egypt
Rashid explained that the initiative targets 50,000 families in each country, to participate in the cultivation of 3 million feddans.
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IMF approves $3 billion Egypt loan to support ailing economy
The approval on Friday by the IMF executive board will enable an immediate disbursement of about $347 million.
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Germany provides €370 million to finance 16 projects in Egypt until 2024
This came after the ministry organized the Egyptian-German round of governmental negotiations for the year 2022.
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Qalaa Holdings’ consolidated revenue grew a remarkable 86% y-o-y to EGP 23.7bln in 3Q22
Recurring EBITDA recorded EGP 8.8 billion compared to EGP 1.2 billion in 3Q21.
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US business representatives express interest in expanding projects in Egypt to President Sisi
President Abdel-Fattah El-Sisi attended Friday an open dialogue with representatives of the US business sector.
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China's fiberglass giant opens new production line in Egypt
The inauguration ceremony was attended by several Egyptian and Chinese officials, businessmen and diplomats.
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Tag Oil provides update on operations at the unconventional heavy oil Abu Roash
The first stage of operations will involve conditioning the open-hole section of the well with a production liner.
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Egypt aims to create national environment that combats corruption
Egypt launched on Wednesday the third phase of the National Strategy to Fight Corruption (2023 – 2030) during a ceremony.
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Damietta Containers and Port Said Containers to be listed on EGX in 1H 2023
CI Capital is serving as a financial adviser for the two offerings, while Fenby Financial Consulting will study their fair value.
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Even despite war, Ukraine tourists still come to Egypt
According to Russian media reports, the total number of Ukrainian tourists who arrived in Egypt since May amounted to 197,000.
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Copreci to establish first gas safety valve factory in Egypt
The $7.6 million facility will produce 15 million valves a year and is set to start operations in April 2023.
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Achieving 30M tourists yearly.. Egypt’s minister reveals figures, statistics
He pointed out that revenues from visit tickets amounted to LE 1 billion during 2022.
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El-Mulla unveils $100 million gold refinery project
The project aims to maximize the added value of gold resources and complete the value chain for manufacturing the metal.
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Green Climate Fund contributes $300 mln to Egypt’s world-first climate investment plan
GCF and the Egyptian government announced that Egypt will be the first country to adopt a climate investment plan.
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EgyptAir to increase its flights from Cairo to Moscow to 14 flights a week
EgyptAir is coordinating with tourism agents to increase direct flights between Moscow, and Sharm el-Sheikh and Hurghada to reach 28 in 2023.
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Creative Power Solutions to set up €5.4mln solar thermal collector production plant in Egypt
The production plant is the first of its kind in the MENA; will have a capacity of 18,000 solar collectors.
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Police seize 1,913 strategic commodities violating cases within 24 hours
Among those cases, was the case of selling white rice for more than the price, with seizures amounting to 4,025 tons.
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Molla, Lukoil discuss upping investments in Egypt
Molla stressed the importance of the years-long partnership and cooperation with the giant Russian oil company.
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Egypt, UN Women sign partnership deal to increase investments in care economy
The partnership also entails providing capacity-building to centers that offer services to working women.