News
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Egypt unveils 3,000-year-old 'lost' city
This is a large city that was lost. It was connected with the god Aton and Amenhotep III.
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Trade exchange bet. Egypt, Uganda reaches $110M in 2020
The value of Egyptian exports amounted to $ 101 million, while the value of imports amounted to about $ 9 million.
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UAE’s ADQ to acquire Egypt’s Amoun Pharmaceutical Company
Amoun's flagship products include Hibiotic, Antinal, Alphintern, and Neuroton. Amoun has more than 2,500 employees and owns one of the largest,
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Egypt, PepsiCo launch initiative to cooperate in waste management
Recycle for Tomorrow contributes to helping Egypt apply the circular economy concept, said PepsiCo’s CEO for the Middle East and Africa
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Egypt postpones tender for license to make cigarettes
An auction for the licence, which would have ended a decades-old monopoly by the state-controlled Eastern Company , was due to be held on Tuesday.
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760,700 employed in Egypt’s public business sector in 2020
CAPMAS announced that figures for 2020 reflect decrease of 3.9% on 2019.
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Old doors turn into booming business in Egypt
Antiques dealers in Egypt are rushing to recover the old doors of buildings that are being demolished as part of an urban development plan.
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Egypt’s economy showed high resilience during COVID-19 crisis: EU Ambassador
Berger stated that Egypt has successfully maintained macroeconomic and financial stability while safeguarding those who need it.
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Egypt's relisting on JP Morgan bond index could attract $4.8bn
Egypt has a combined nominal $28.2 billion in eligible bonds that mature in more than 2.5 years, the minimum amount for inclusion in the index.
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Trade exchange between Egypt, China reaches $14.56B in 2020
As of December 2020, Egypt has become China's 49th trade partner.
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Suez Canal: Egypt’s gift to world, lifeblood of international economy
On its opening, international waterway reduced journey from Arabian Sea to London by 8-10 days.
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Egypt aims to establish new company to market, sell Spinning, Weaving products
The plan is also to open sales outlets for products at home and abroad, which will be wholly owned by the holding company.
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Egypt's Sisi promises investment to avoid Suez closure repeat
Sisi claimed "success" in the operation after the stern was freed, several hours before the bow of the ship was finally dislodged.
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Cargo ship blocking Suez Canal has been refloated
The ship completely blocked the canal that’s home to as much as 12% of the world’s seaborne trade.
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Egypt tourism sector will not see a recovery in 2021: Fitch Solutions
The report also excluded Egypt from the markets that are expected to see positive indices in 2021 in regards to inflation, commodity prices & reforms.
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Restaurant market in Egypt estimated at $17bn annually
Company aims to provide its restaurant management solutions to 2,000 clients in Egypt by 2021 end.
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Suez Canal blocked by traffic jam after massive container ship runs aground
The 224,000-ton vessel, sailing under a Panama flag, was en route to the port of Rotterdam in the Netherlands when it was knocked off course.
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Egypt’s increased remittances positive for economy, enhance bank’s lending capacity
Egypt’s recent increase in Egyptian expat remittances has had a positive effect on recipient households.
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TIME set to open its first two hotels in Egypt
The 130-room TIME Marina Hotel & Conference Centre is situated just ten minutes from New Al Alamein City on Egypt’s Mediterranean coast.
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Arqa begins construction work at I-Business Park project
Ahmed Gamal, the company’s CEO, said the company recorded EGP 1bn in sales in the first five months since the project’s launch in August 2020.