News
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Egyptian envoy highlights importance of attracting more Russian tourists to Egypt
In October, Russian airline Aeroflot resumed services from Moscow to the cities of Hurghada and Sharm El-Sheikh.
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Egypt launches massive 4-day polio vaccination campaign nationwide
The Egyptian Minister of Health Khaled Abdel-Ghaffar launched a massive free-of-charge four-day national vaccination campaign against polio.
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Saudi Sovereign Fund in talks to acquire Egypt's United Bank for $600M
The United Bank was established in 2006 and has 65 branches nationwide and more than 200 ATMs.
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Egypt targets EGP 7.4 billion in investments in tourism sector in FY 2022/23
This generated around $9 billion in revenue in 2021, up from $4.1 billion in 2020, the ministry’s report pointed out.
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Egypt exports of food industries hit $3.490 in 10 months
Exports to the Arab markets amounted to 1.748 billion dollars during the first 10 months of 2022, representing 50 percent of the total food exports.
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Egyptian, Zambian ICT ministers sign MoU to achieve cooperation in 8 fields
The 2 ministers also held talks on executive mechanisms, where Minister Talaat offered training Zambian youth at the Information Technology Institute.
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Egypt looks forward to boosting cooperation with French companies
As part of the desired cooperation with Thales, the president directed to train and qualify young engineers in the areas of optics and electronics.
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Alex Pharma’s profits increase by 18.1% YoY in 4 months
The company’s operating revenues rose to EGP 464.415 million in the July-October period of FY 2022/2023.
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Vortex Energy injects second investment tranche of €46m in Ignis
Vortex Energy, a renewable energy platform managed by the private equity arm of EFG Hermes, has invested €46m in Ignis Energy.
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Egypt's gas production up 6.5 bcf per day
The coming period requires cooperation of all peoples to achieve hopes, stability and development for countries.
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Iron prices in Egypt witness new increase starting Monday
Al-Zaini revealed that the price of iron in Egypt for the consumer has reached about EGP 25 thousand per ton.
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Egypt's smartphone market experiences major downturn in Q3 2022
This large decline resulted from several restrictions imposed by the government on mobile phone imports during the year.
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Egypt building one of the largest wind farms in the world
Hamza stressed that this project will reduce carbon emissions by about 24 million tons annually.
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Egypt embarks on new plans to develop river transport on Nile River
Cairo has passed legal reforms to reorganize the river sector, which still remains marginal, in hopes this will catalyze much-needed investments.
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Egypt, EU aim to hold joint business forum to attract more companies to Egypt
The two parties discussed ways to enhance bilateral economic cooperation during the coming period.
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Lafarge Egypt participates in Euromoney Egypt Conference 2022
Holcim was the first global building materials company to sign the UNGC’s “Business Ambition for 1.5°C” initiative.
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MARAKEZ takes over the 4th annual “Race Through History”
MARAKEZ Pyramids Half Marathon was successfully held on December 10th according to plan.
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Qatar Investment to acquire part of TE’s stake in Vodafone Egypt by 1Q 2023
The sources told Daily News Egypt that the World Cup and the Christmas holidays are behind the postponement of the deal to next year.
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Egypt works on limiting population increase
Madbouly said that there is not even a developed or rich country that can deal with this huge amount of population increase.
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Vodafone agrees to transfer its 55% interest in Vodafone Egypt to Vodacom
The remaining 20% of the Purchase Consideration (€473 million) will be settled in cash.