News
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Egypt tightens rules on unvaccinated officials, students
Egypt barred officials and students not vaccinated against Covid-19 from government offices and universities unless they show a negative PCR test.
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Economic reform helped Egypt's economy confront COVID-19
Egypt, unlike many other countries, has faced coronavirus with economic resilience and flexibility that are necessary to confront the pandemic.
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Egypt, Indonesia discuss enhancing cooperation in tourism
Indonesia’s Ambassador praises strict precautionary measures applied at Egyptian archaeological sites, museums.
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World Bank: Egypt has potential to be a regional economic hub
World Bank Group approved a $360 million development policy financing (DPF) loan for Egypt that aims to support the country’s 2nd wave of reforms.
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HDB reports EGP 2.038bn profits before taxes in September 2021
Bank’s recent results reflect strong operational performance, developing clear strategy to be among top commercial banks: Ghanem
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Vodacom buys 55% stake in Vodafone Egypt
Vodacom acquires majority stake in Vodafone Egypt to become Vodafone's hub in Africa.
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Egypt's economic reforms attract French investments
French economists said economic reforms that Egypt has implemented over the past seven years strengthened the investment-friendly environment.
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Egypt ranks #1 in fish farming in Africa
Egyptian Minister of Agriculture: Egypt ranks first in fish farming within Africa, sixth globally and third globally in the production of tilapia.
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Egypt will have 'fresh economic face' by end of FY2021/22
All ongoing projects to modernise and automate tax and customs systems will be completed and AI technologies will be integrated into gov. operations.
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17.7% decrease in Egypt’s trade deficit during August 2021
CAPMAS announced that Egypt’s trade deficit reached $2.91bn during August 2021, versus $3.53bn for the same period last year.
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Egypt startup Rabbit comes out of stealth with $11M pre-seed
In Egypt and Africa at large, Rabbit is a pioneer alongside Breadfast, which recently announced that it would begin to complete deliveries in 20 mins.
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CBE approves instant payment network regulations
Regulations aim to allow payments sent between accounts at different banks to be credited, debited instantly, says Rami Abulnaga.
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Vodafone Egypt receives initial offer to transfer its stake to Vodacom
Telecom Egypt, which owns 44.95 percent of Vodafone Egypt, was informed about receiving an initial offer from Vodacom for the transfer of stake.
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Egypt, Netherlands discuss bilateral relations, international issues
The round was chaired by the Egyptian Assistant Foreign Minister for European Affairs, Badr Abdel Aty, and Paul Huijts.
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UNDP appoints Alessandro Fracassetti as Egypt’s resident representative
The United Nations Development Programme (UNDP) has appointed Alessandro Fracassetti as the new resident representative of the programme in Egypt.
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Egypt one of two most important ICT markets in Africa
Digital transformation creates investment opportunities, says Nassif Yazbeck.
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Egypt, Switzerland launch cooperation programme through 2024
During its visit to Egypt, the Swiss delegation met with several Egyptian officials and visited a score of projects Switzerland has helped finance.
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Egypt’s Environment Ministry provides 5000 fruit trees to Fayoum
24 awareness and training activities were carried out on reuse, recycling and rooftop cultivation.
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Egypt to be regional hub for manufacturing ceramics
This is especially in light of the availability of energy sources, raw materials and qualified labor.
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EBRD sees Egypt's economy growing 4.9% in FY21/22
The increase is driven by a boom in the telecommunications sector, private consumption and investment and the return of FDIs.