News
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Egyptian agricultural exports hit 8.6 million tons in 2024
This is an increase by over one million tons compared to 2023.
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Archaeologists uncover Ptolemaic-era statue head in Alexandria’s Taposiris Magna
The statue head, measuring approximately 38 cm in height, is larger than life and appears to have been part of a grander statue.
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Eni to Resume Zohr Gas Field Operations by January 2025
Over the past six months, 105 new oil wells have been drilled, adding 64,000 barrels per day to production, Madbouly added.
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OPEC Fund supports 1.1-GW wind farm project in Egypt with $30mln
This marks Africa’s largest onshore wind power project, which is expected to empower more than 1mln homes and cut carbon emissions by 2.5mln tons.
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KIMA Signs Agreement with Al-Sharq Al-Haqiqi for Silico-Manganese Alloy Production
The agreement grants Al-Sharq Al-Haqiqi the rights to operate the furnace, owned by KIMA, which was rehabilitated at a cost of EGP53 million.
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Cairo airport records highest daily traffic since 1963
The Egyptian Ministry of Civil Aviation announced that the airport handled 97,000 passengers in a single day.
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EZZ Steel sets buyback price for delisted shares at EGP 138.15
In addition, the price is 40 percent higher than the average price over the six months preceding the announcement.
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Elezaby Pharmacy Reaches a Landmark Milestone: 400 Branches Across Egypt
Elezaby Pharmacy, a trusted name in healthcare since 1975, has achieved a significant milestone with the opening of its 400th branch.
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Egypt's Government Says Strategic Wheat Reserves Good for 4 Months
Strategic sugar reserves were sufficient for 13.5 months, while vegetable oil reserves were enough for 6.3 months.
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Chinese automaker Geely begins production of 2 models in Egypt
The plant is expected to achieve an annual production capacity of around 30,000 units within the next three years.
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Egypt's BOP records $991.2 mln deficit in Q1 of FY24/25
Egypt’s Balance of Payments (BOP) recorded an overall deficit of $991.2 million in the first quarter (Q1) of the Fiscal Year (FY) 2024/2025.
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Why Egypt Is an Airline Market Worth Watching
Factors contributing to Egypt's tourism success include its geographical advantages, affordability, and the influx of Russian tourists.
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Egypt Aims to Leverage AI in the Healthcare Sector
The Healthcare Authority has a qualified infrastructure and an advanced digital culture, which enable it to implement artificial intelligence tech.
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Rixos opens new luxury resort in Egypt’s historic Alexandria
Rixos Montaza Alexandria offers heritage stays at Salamlek Palace as well as seafront lodges.
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Accelerating work to transform Egypt into regional hub for pharmaceuticals
The drug industry has received due share of the state drive to become a regional industrial hub.
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SelectUSA Tech programme concludes in Egypt by 1st-ever tech startup competition
SelectUSA programme offers the SelectUSA Tech initiative, which helps qualified international startups develop innovative technological products.
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Milan Bergamo Airport enhances Egypt connections
Starting April 3, 2025, the subsidiary of Egypt Air will operate twice-weekly flights between Milan Bergamo and Sharm El Sheikh.
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ExxonMobil Strikes Natural Gas in Egypt’s Mediterranean Waters
Exxon announced its entry into the North Marakia block in 2019 and sold a 40% stake to QatarEnergy in 2022.
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Chinese Geely inaugurates first car manufacturing plant in Africa, MENA in Egypt
The factory will produce the Emgrand 2025 sedan and the Coolray 2025 SUV.
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Hisham Talaat Moustafa acquired 500,000 shares in TMG
This announcement follows Talaat Moustafa Holding Group’s report of exceptional and record-breaking sales in 2024.