News
-
EGX expects to start trading on carbon certificates in 1H 2023
The point is to motivate companies to reduce carbon emissions and adopt sustainable plans to reduce air pollution while encouraging green investments.
-
Egypt's pound keeps falling on black market ahead of IMF meeting
Egypt continues to face a foreign currency shortage despite two major devaluations this year.
-
Egypt subsidizes exporters with EGP 40B in 30 months
The ministry will continue supporting exports to encourage industry and productivity as per the Presidential directives to bring exports to $100 bn.
-
Egypt recorded 29.5% increase in exports to Nile Basin countries in 2021
The total value of exports to Nile Basin countries reached $1.55bn in 2021, compared to 2020’s $1.19bn — an increase of 29.5%.
-
Egypt: National intellectual property strategy in Egypt
The report shows that the number of patent applications filed by the Egyptians is only 39% of the total applications in 2021.
-
Siemens wins new order for grid control and smart metering infrastructure in Egypt
The electrical grid plays a key role in Egypt’s initiatives for economic growth; a secure power supply is at the heart of its expanding economy.
-
Egypt witnessed a 41.3% decrease in trade deficit in September 2022
The value of exports increased by 11.6%, reaching $4.11bn, up from $3.68bn due to the increased value of some commodities such as LNG.
-
Largest water park in Middle East inaugurated in Red Sea
There are also a variety shops and a variety of restaurants and cafes that address all international tastes.
-
Egypt’s agrifood group Haj Arafa to build US$4m date packaging facility
Egypt’s agrifood group Haj Arafa has announced plans to build a US$4 million date packaging unit next year in the Siwa oasis, west of Egypt.
-
Egypt's frozen strawberry exports up 30% during 1st 10 months of 2022
The exports registered $290 million, against $240 million for the same period last year.
-
Turkey’s Beko breaks ground for $100mln domestic appliances factory in Egypt
The plant will have total capacity of 1.5 million devices per year and will provide 2,000 direct and indirect job opportunities.
-
Saudi Exports panel set to enhance access of national goods, services to Egyptian market
The visit confirms the interest of the Saudi Exports in achieving its objectives in a number of priority countries in accordance with their plans.
-
Voltalia and TAQA Arabia sign a MOU in Egypt
The initial project will include a new green hydrogen production facility with a capacity of 15,000 tonnes per year.
-
Egypt targets $1bln monthly gas exports in 2023
The Arab world’s most populous state also seeks to hike its total exports to $100 billion.
-
Trade exchange between Egypt, Arab countries hit $21.9 bln in 9 months
Egypt's exports to Arab countries rose by $620 million, reaching $8.8 billion in the first nine months of 2022.
-
Egypt, China discuss ways to enhance cooperation in tourism and archaeology
The two sides discussed mechanisms to push more tourist movement from China to Egypt and investment opportunities in the hospitality industry
-
Egyptian exports jump by 13% YoY in 10 months
he industrial strategy 2022-2026 is currently being prepared in cooperation with different business organizations and parties
-
Egypt joins the BRICS new development bank
Egypt ratified its participation in the New Development Bank (NDB) which was created by Brazil, Russia, India, China and South Africa (BRICS) in 2014.
-
Petroleum, environment ministers discuss environmental compliance of Red Sea, Suez companies
The companies always provide the needed data to the ministry in order to accelerate the execution of environmental sanitation plans.
-
Egypt hosts 8th EMGF ministerial meeting
El Molla stated that the current events and the global energy situation demonstrated the importance of the step taken by establishing the EMGF.