News
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PTS Investments acquires part of Egypt’s healthcare firm EDAM
This acquisition aims to deepen the US-based company’s direct investment into the Egyptian and MEA region mainly in the tech and applied engineering.
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Arab social media platform Baaz launches its first referral program in Egypt
The rewards program offers users a maximum earning of USD 200 and a minimum earning of USD 50.
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Eli Lilly partners with generics maker Eva to boost insulin access in Africa
Under the partnership, the distribution of insulin to middle- and low-income countries—most of them in Africa—is expected to begin in 18 months.
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Cairo 3A signs partnership to distribute Driscoll’s berries in local market
The partnership allows Cairo 3A Agricultural to distribute berry products in the local market with a plan to farm them in Egypt.
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Roche diagnostics Egypt launches "Peptide for life" initiative
The initiative will focus on furnishing affordable certified laboratory testing of the gold standard biomarker in heart failure disease.
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Egypt approves $5.5 bln green hydrogen project in Ain Sokhna
The project, by Egypt's Green Ammonia Company, will cost around $5.5 billion and offer around 10600 jobs during the construction and operation phases.
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Egypt provides attractive investments climate for oil, gas exploration
El Molla explained that energy security is an important and vital matter, which reflects the importance of efforts to provide attractive investment.
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PIF prepares to acquire a bank in Egypt
The Saudi Public Investment Fund is in advanced talks for the acquisition of The United Bank, which is owned by the Central Bank of Egypt.
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Egypt to direct 100K MW of renewable energy to produce green hydrogen in 10 yrs
Minister Shaker noted that renewable energy will be a source of income for Egypt like oil over the next few years.
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Egypt hands over 176 antique coins to four countries
Egypt not only preserves its heritage, antiquities, and civilization, but also preserves the artefacts of other countries: Tourism Minister.
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Customs: Citizens travelling with gold to pay 24% fee
The country determined about 10% exam and evaluation fees and 14% value for the citizens' gold.
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Al-Mashat awarded Most Visionary, Outstanding Minister of International Cooperation of 2022
This is in recognition of Al-Mashat’s efforts in contributing to advancing international cooperation and in launching practical initiatives.
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Webb Fontaine rolls out Integrated Risk Management System in Egypt
The new Integrated Risk Management system uses cutting-edge tools like AI and data analysis to pinpoint potential risk areas.
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Egypt faith based tourism market is expected to reach at a US$ 176 Mn in 2022
Demand is projected to increase at a 10.8% CAGR during the forecast period.
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Egypt burns more heavy fuel oil to free gas for export
The shift towards mazut, which is mostly produced in Russia, allows Egypt to generate electricity more cheaply and export more gas.
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Ecolab to recycle domestic wastewater for irrigation
Egypt wants to improve its performance in wastewater recycling. This is the reason for the agreement with Ecolab.
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PetroSafe, PPC assess environmental impact of pipeline replacement
The company said that this project is an important step towards boosting the efficiency of PPC’s national pipeline network for oil transportation.
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TMG & AZADEA Group celebrate the opening of 11 new brands at Open Air Mall
The addition of the new brands will provide Open Air Mall’s guests with an elevated shopping experience.
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Sisi orders speeding up supplying New Delta project with electricity
The meeting came within the framework of the state’s strategic plan to expand the areas of agricultural land nationwide.
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Al Tadamun Microfinance obtains EGP 100m from AAIB
The 2 parties stressed that the signing of this agreement comes within the framework of keenness on keeping pace with the plans and strategies of CBE.