News
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VN sees rice export opportunity to Egypt
The volume of rice will be shipped to Egypt in two phases, from June 1-15 and from June 16-30, 2019.
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Egypt, Iraq PMs attend joint business forum
One of the most important tools of collaborative work agreed between the two countries will be the establishment of joint ventures.
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Egypt's central bank seen maintaining key rates
Eight out of 12 economists polled by Reuters said the bank’s monetary policy committee was unlikely to change its overnight rates.
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Vodafone general assembly to distribute LE5.5B to TE
In February, Egypt Telecom and Vodafone Egypt signed an agreement in the field of messaging, infrastructure and distribution of profits.
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EU to launch 120 mln euros-water program for Egypt
The EU contributed to projects worth 450 million dollars over the past 10 years.
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Egypt seeks capital market boost with new futures exchange
Egyptian authorities are working on a facelift of the country’s capital market in a bid to lure more foreign portfolios.
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Egypt consumes over 3 million tonnes of sugar yearly
Egyptians consume between 3.2 and 3.3 million tonnes of sugar per year while the country produces nearly 2.2 million tonnes from beets and cane.
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Egypt named Africa’s “Hottest Tech Scene”
With almost 100 million citizens, Egypt has one of the highest populations in the Middle East and Africa with 61 percent of its population under 30.
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Egypt Ambassador to UK partakes in symposium on investment opportunities
The symposium was attended by British officials and representatives of several British companies interested in investing in Egypt.
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Egypt, Nissan agree to produce 100,000 cars a year
There have been reports of government plans to revive Nasr Automotive, which specialised in making local versions of Fiat cars before it ceased.
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Travel, tourism contribute to Egypt’s GDP by 11.9%
The sector provided 2.48 million jobs, representing 9.5 percent of total employment, with expectations to jump to 3.222 million in 2029.
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Egypt hotels report RevPAR growth
The major Egyptian markets are forecasted to see an average RevPAR growth of 13 per cent in 2019 in comparison to last year.
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Egypt’s non-oil exports hit $2.043 bln in January
Non-oil manufacturing exports amounted to $1.611 billion during the same month, whereas food exports registered $432 million.
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Wealthy millennials boosting the art market
The global art market experienced another uptick in 2018, helped by an increase in the spending power of millennials.
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Vodafone dials in to 100% solar power in Egypt
The firm plans to build between 20MW and 25MW of new solar infrastructure by the year 2025.
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Trade exchange bet. Egypt, Japan hits $1.26B in 2018
Egypt’s imports from Japan included cars, tractors, machinery, electrical appliances, iron, steel, plastics and articles thereof.
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Egypt’s Canal Sugar inks financing deal worth $169 million
Egypt's Canal Sugar said it had signed a financing agreement worth a total of $169 million with a consortium of six banks.
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Egypt's finance minister says ministry's new strategic plan has been finalised
Egypt's Finance Minister Mohamed Maait inspected the new premises of the ministry in the New Administrative Capital.
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Greek investors seek to do business in Egypt
A delegation of major energy investors in Greece is interested in doing business in Egypt.
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Egypt is poised to turn into Africa's hottest tech scene
Approximately 60% of Egypt's population is under the age of 30 and internet penetration is skyrocketing past 40%.