News
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French train manufacturer Alstom seeks to increase business in Egypt, chairman tells Sisi
Company chairman Henri Poupart-Lafarge met with President Sisi in Cairo on Monday.
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Increasing inbound travel to Taba
Egypt’s Tourism Minister, stakeholders discuss proposals as South Sinai celebrates 32nd anniversary of Taba's return to Egypt.
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Egypt's president urges boosting local industry
Egypt’s President Abdel Fattah El-Sisi on Saturday urged boosting local industry and localizing technology to meet the needs of the local market.
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More spending budgeted
Increased spending and a set of society-friendly measures have been penciled into Egypt’s 2021-2022 budget.
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Egypt's Arqa starts construction of I-Business Park project
$319mln project is located in the New Administrative Capital.
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There's a market in Brazil for garlic from Egypt
The product Egyptian exporters have the best chance to sell more of to Brazil right now is garlic, said Brazil's agricultural attaché in Cairo.
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United Grain Company to supply 120,000 tonnes of wheat to Egypt
This is the first tender won by Grainexport SA in 2021 and the first tender in the company’s history won with wheat of non-Russian origin.
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Egypt’s economy records growth rate of 2% in the second quarter
Egypt’s economy recorded 1.35% in the first half of the 2020-21 FY Planning Minister Hala Al Saeed said.
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Egypt, Kuwait launch Modon for real estate development
New company expected to launch mega real estate projects in New Administrative Capital, New Alamein with EGP 5 billion investments.
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Egypt offers continued opportunities for US business community
Economic reform programme, government steps to lessen effects of COVID-19 allowed Egypt to weather pandemic successfully, says Zahran.
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Egypt’s insurance sector posts 25% growth in net profit
The local insurance sectors’ net profit was up to 6 billion Egyptian pounds ($382 million) in 2020 despite the COVID-19 pandemic.
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Egypt announces settling of claims over restarted Damietta LNG plant
Last month, Egypt's petroleum minister had announced the restarting of the plant.
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Egypt launches foreign exchange trading with instant settlement system on 22 March
New system shortens time frame to execute payments in foreign currencies between banks in Egypt, reduces costs.
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World Bank approves $440 million for enhancing Egypt’s railways
The Railway Improvement and Safety for Egypt project will cost $681.1 million, including $241.1 million contributed by the Egyptian National Railways.
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Egypt’s president expresses aspiration to boost cooperation with Greece in energy, economy
Egypt, Greece and Cyprus signed a tripartite political and economic cooperation mechanism agreement in Nicosia in October 2020.
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Egypt Most Advanced In Fixed Broadband Subs
TE invested 12.7 billion Egyptian pounds ($ 790.3 million) in 2019 as a new shift in fixed broadband offerings to improve internet services.
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GEMS Education establishes first purpose-built school in Egypt
GEMS Egypt currently operates 4 schools, two of which are British international schools and two are private schools.
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Egypt approves new facilities for imported second-hand cars
The decree will be applied to cars that are imported as of October of the model year through September of the following year.
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Egypt to register millions of gig workers for state insurance, aid
There are at least 14 million gig workers in Egypt, and while some workers and campaigners welcomed the government's drive.
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Egypt's economy to improve with support of global economy recovery, vaccine sustainability
Growth is projected to reach around 2.8 percent in FY20/21, and to rebound strongly to about 5 percent over the medium term.