News
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500 Global COO Courtney Powell views Egypt as strong market for new start-ups
The global investor has joined up with Egyptian government to start programmes that will support about 200 start-ups and 60 accelerators.
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Over 140 Chinese companies operate in Egypt
Egypt and China focused on cooperation in strategic industries, including artificial intelligence, space technology, and e-commerce.
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Ryanair in talks to expand into Egypt and Libya, CEO says
Ryanair's only flights outside of Europe currently are to and from Morocco, Israel and Jordan.
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Auto sales in Egypt plunge 69% YoY in October
The Nissan brand topped the market in October, accounting for 33% of all sales, or around 1,998 sold cars.
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OutSystems introduces AI Mentor System
This enhanced solution gives a comprehensive set of AI-based development, security, and quality analysis tools that provide expert-level assistance.
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IDP sets up Egypt's first Potain MCR 295 tower cranes for Maspero Triangle project
The crane is as high as the restaurant of Cairo Tower.
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Bioventure, Minapharm and MiGenTra sign an exclusive agreement
The agreement is for the commercialization of multiple biosimilar candidates developed and manufactured by Alvotech.
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Egypt receives US$10.3 billion in green funding during COP27
Al-Sisi followed up on mobilizing concessional development funds for the benefit of the national platform for green projects “Novi”.
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Egypt's Ontario Developments starts construction of Maple Business Complex
Hafez Consultants is the project’s lead consultant, and delivery is planned to begin by 2026.
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Egypt’s economy expected to achieve 5% growth in FY2022/23
El-Sisi instructed to continue conducting deep studies of the global economic situation and how it reflects on the Egyptian economy and development.
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Kuwait extends maturity of $2 bln deposits to one year
The deposits were due to mature in April 2022.
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Egypt-China trade volume amounts to $15 billion
Egyptian-Chinese relations have exceeded 64 years. Its exports are agricultural crops, semi-finished industrial goods and engineering industries
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New exchange offers Egypt another way to import wheat
With grain markets disrupted this year by fluctuating prices and the war in Ukraine, Egypt's GASC has been diversifying its purchasing methods.
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TotalEnergies Marketing Egypt and valU partner
Customers will benefit from valU payment solutions, on all the products and services offered at TotalEnergies’ stations in Egypt.
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Start: Egypt initiative supporting local industry
Egypt has taken great steps that qualify it to localize local industries and even attract foreign investments for manufacturing directly within it.
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Egypt Oil & Gas, Ministry of Petroleum welcome new NOC members to EOG committee
The meeting was attended by many industry leaders from the Ministry, international oil companies (IOCs), and NOCs.
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Egypt’s CBE launches financial inclusion strategy for 2022-25
CBE launched its financial inclusion strategy for 2022-2025 that sets key objectives and priorities for creating financial inclusion in the country.
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It’s time to deepen Arab economic cooperation: Finance Minister
It has become very difficult for emerging countries to obtain financing from international markets: Maait.
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Trade exchange between Egypt, COMESA countries grew by 33,9% in 2021
The highest values were concentrated in five African countries with a rate of 83% of the total of this bloc.
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HD Bank’s consolidated profits jump 26% in 9M-22
The consolidated financial statements of the Housing and Development Bank (HD Bank) indicated a 26.40% growth in the bank’s net profits.