News
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‘Your Project’ programme injected EGP 25.6 bln in businesses across Egypt
Egypt's national project to provide employment opportunities for young people contributed to establishing 207,000 business projects across the country
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Renewable tourism is the way to bring 30 million tourists to Egypt
Egyptian government plans to increase the rate of incoming tourism to 30 million tourists per year with revenues estimated at LE300 billion annually.
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Zoomcar launches Zoomcar Green Programme with $2m investments
The programme supports using electric cars, to help provide more opportunities to sustainably transform the car-sharing industry.
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CBE to receive billion dollars from RSF in January
The billion-dollar loan will be repaid over 20 years, and Egypt will be granted a grace period of 10 and a quarter year.
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Egypt-Jordan trade exchange grows 2.7% in 8M-22
The value of Jordan’s exports to Egypt recorded $164.50 million during January-August 2022, a YoY surge of 25.50% from $131 million.
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Egypt to witness 2.7% increase in remittance flows for 2022
The report said that this development may reflect a rebalancing of flows among host countries and regions.
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Egypt racing to supply wind, solar energy to Greece, EU via submarine cables
An underwater cable will transport 3,000 MW of electricity to power up to 450,000 households from northern Egypt to Attica in Greece.
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Dior showcases fashion in shadow of Egypt's pyramids
Saturday's show was the second by a European fashion house to use Ancient Egyptian heritage sites as a backdrop this year.
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Egypt buys first Ukrainian wheat shipment since Russian war
Egypt's General Authority For Supply Commodities is believed to have purchased 175,000 tons of wheat, through private talks with importers.
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Egypt allocates EGP 49.5bn for petroleum sector under FY22/23 plan
A total of EGP 17.60 billion was allocated to petroleum refining activity and a sum of EGP 31.90 billion was allocated to extraction activities.
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Egypt expands recycling projects to face water scarcity
The main Al-Salam station in Port Said governorate comes as part of the Egyptian state's efforts to face water challenges.
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Tech Mahindra To Establish Its First Global Delivery Center In Egypt
Tech Mahindra aims to hire more than 1000 employees over the next three years to serve both global and local customers from its new Cairo centre.
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Sumitomo Corporation - participation in the onshore wind IPP project in Egypt
The Project involves the construction, ownership and operation of onshore wind farm that can generate approximately 500MW of electricity.
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UNESCO adds Arab traditions to world heritage list
UNESCO emphasized that the aim of its list lies mainly in celebrating traditions, practices, traditional skills and the surrounding culture.
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Middle East startups on a fund-raising spree
The UAE-based fintech startup Qashio raised $10 million in a seed funding round using equity and non-equity investments.
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Egypt Gas generates $7.91mln in 9M-22 profits
The revenues reached EGP 5.09 billion in 9M-22, compared to EGP 3.62 billion in 9M-21.
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ECEA will increase investments in the AI and IT industries in Egypt
Maait referred to the ECEA as a brand-new forum for a productive and long-lasting relationship between the Chinese and Egyptian business communities.
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Egypt opens new market for agricultural exports in Philippines
This comes after intense negotiations between the Egyptian and Philippine parties that lasted for more than 5 years.
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Egypt approves $271mln financing agreement with ADF
The financing will further help support the economic growth programme by raising agricultural productivity and sustainability.
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GSK Egypt’s consolidated profit skyrockets 1,213% YoY in 9 months
Revenues soared to EGP 1.163 billion in nine months to September 30th from EGP 630.477 million the year before.