News
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Remittances from Egyptian expats hike 7.7% in 4 months
In April, the remittances of Egyptians expatriates recorded $3.1 billion, compared to about $2.5 billion compared to the same month of 2021.
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Egypt launches Gosoor e-catalogue for exportable products
The catalogue aims to promote the presence of Egyptian products abroad, especially in African countries.
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Egypt bears $2.4bn annually due to pollution
According to WB estimates, the environmental degradation resulting from air pollution costs Egypt about 5% of the annual GNP, or about $2.4bn/Year.
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Egypt to continue banning export of oxygen for a year
The 1st decision was issued last year within a comprehensive state plan to protect citizens from any possible repercussions of COVID-19.
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Egypt’s GASC seeks wheat in private talks
Offers are being sought for Romanian, Bulgarian, Russian and French wheat.
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Central Bank of Egypt auctions over $1bln debt instruments
The first tranche was valued at EGP 14 billion, carrying a 91-day maturity period until 4 October this year, according to official data.
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Egypt-Brazil trade exchange hit $2.5 billion in 2021
Gamea highlighted special investment opportunities for the Brazilian business community in the Egyptian market in many fields.
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Egypt, UK launch participation council
Ahmed Hafez, spokesperson for the Ministry of Foreign Affairs, explained that Minister Shoukry welcomed the open dialogue between Egypt and UK.
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First edition of ‘Our Country’s Industry’ exhibit kicks off
Senaat Baladna exhibition will be held at the Egypt International Exhibition Centre in New Cairo between 3-5 July.
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CBE reveals indicators of banks’ deposits and investment 2022
Customer deposits rise to EGP 6.980 trillion by end of March, of which 80.8% are for the household sector.
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EIB funds Cairo Metro line 3 by €600M
The project is also funded by the French Agency for Development (AFD) at a value of €300 million, and a grant support of €43 million from the EU.
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Egypt’s PM calls for alternative trade routes with Algeria
The current land route passes through Libya, and amid the current circumstances there, it poses difficulties to trade between the 2 countries.
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World Bank agrees $500m to help Egypt fund wheat purchases
The funds will help the government of the Arab world’s most populous country finance procurement of imported wheat.
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Best Payment Gateways Solutions in Egypt
Egypt plans on integrating Payment Gateway Solutions with E-commerce Merchants, to help them connect with Global Suppliers.
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Investments in Egypt's construction sector hit LE600B annually
This came during the inauguration of the fourth edition of The Big 5 Construct Egypt exhibition.
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MSMEDA pumped EGP 40bn to finance 1.6m SMEs
The funding was over the last 8 years. Over 1,000 exhibitions were organised where sales, contracts exceeded EGP 500m: Trade Minister.
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Etisalat Egypt rebrands into ‘etisalat by e&’
Etisalat Egypt announced on Sunday it is rebranding itself as ‘etisalat by e&’ as per e& Group’s recent rebranding in the UAE market.
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QBA holds meeting with Egypt trade minister
Minister of Trade and Industry Nevine Gamea invited QBA members to visit Cairo and discuss investment opportunities and potential co-operation.
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Egypt Plans to Make 1 Billion Sinovac Vaccines a Year
Under the deal with the Chinese pharmaceutical company, a factory in Cairo will produce more than 200 million doses per year to cover "national needs"
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Egypt invites Qatari companies to invest in its market
The two sides agreed to restructure the Egyptian-Qatari Joint Business Council.