News
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Egypt's authorities intervening to control gold market
General Department of Public Funds Investigations had arrested some speculators in gold prices, who are behind the sharp price of gold.
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Egypt, Zambia ink MoU for cooperation in information technology
Under the MoU, Egypt and Zambia will cooperate in the fields of digital transformation, postal services, the building of institutional competencies.
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Telecom Egypt teams up with Grid Telecom to build subsea system between Egypt, Greece
This agreement is a testimony of the strategic cooperation between Telecom Egypt and Grid Telecom.
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24 gas-related agreements worth $2.7B signed in 4 years
Egypt’s production of natural gas was not halted during the coronavirus outbreak despite the worldwide suspension of production.
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Japan supports Egypt to turn into regional energy hub
Japan provided Egypt with $240 million to support the Egyptian government's reform plan of the energy sector.
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Centamin increases reserves at its Sukari gold mine in Egypt
The company said it has also delivered a 5% increase in Sukari proven and probable mineral reserves to 6.0Moz at 1.1g/t Au.
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Egypt to produce cancer treatments locally in partnership with foreign companies
Egypt has no shortage in medicinal drugs and that local companies fulfill 90 percent of needs.
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Egypt's Urban Development Fund launches project to develop the historic Fustat area
The project will be developed at a total investment of $243mln.
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Sharm El Sheikh Adaptation Agenda aims to achieve resilience for 4 billion people by 2030
His remarks came during his participation in the 21st annual conference of the Arab Administrative Development Organization in Oman.
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Modern gas connects natural gas to three new villages in Qina
This came after natural gas was pumped to these villages as part of the first phase of the Haya Karima (‘Decent Life’) initiative.
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Government banks explore opportunities to attract Egyptian expats invest home
Minister of Immigration meets major Egyptian investors in UAE to discuss available opportunities in several fields.
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Egypt not threatened by its inability to pay its debts
The report issued by the Cabinet indicated the increase in the growth rate of Egyptian exports by 53.1 percent during the fiscal year 2021/2022.
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Oranges accounted for 90% of the total Egyptian exports of citrus fruits
According to Kadah, the citrus from Egypt has managed to enter quite a few new markets over the past years.
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Egypt’s export subsidies initiative’s 5th stage disbursed EGP 7 billion
Egypt has distributed EGP 40 billion to support exporters in the past 30 months under the immediate cash payment initiative.
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El Molla appoints Ibrahim Abdelqader new ECHEM chairman
According to the ministry’s statement, Mahgoub will start his new position on 13 December 2022.
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Egypt's exports to East Asian countries increase 62.8% in 2021
India came in first rank of exports with a value of dlrs 2.1 billion in 2021 compared with dlrs 1.4 billion in the previous year.
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Unraveling Egypt’s external debt: problems and solutions under spotlight
Egypt’s external debt was estimated at $155.7 billion by June 2022, according to Central Bank of Egypt data.
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New Era Education, Bloom UAE & New Giza Development bring the renowned Uppingham School To Cairo
New Era Education was established in 2018 with the aim of providing world-class educational services and school management.
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El Molla heads Egyptian delegation at OAPEC meeting in Kuwait
The conference represents great importance in activating aspects of cooperation between Arab countries in the oil and gas industry.
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Egypt, World Bank Group discuss developments of social housing financing programme
The social housing financing programme began in 2015 at a value of $1bn to provide adequate housing for low and middle-income people.