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Egyptian boycott of fish, meat, and poultry enters 2nd week
Despite the decline in the price of meat in some governorates, Sohag has a strange insistence among butchers to sell a kg of local meat for 430LE.
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Auto sales in Egypt record 4.2k vehicles sold in March 2024
Only 4.2k vehicles were sold, marking a decrease of 43 percent compared to the previous month.
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Egypt PM witnesses inking of land deals to implement two wind electricity projects in Sohag
The ceremony was held in the presence of Electricity Minister Mohamed Shaker and Norwegian Ambassador to Egypt Hilde Klemetsdal.
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Egypt, Qatar discuss aspects of cooperation in health fields
Minister of Health Khaled Abdel Ghaffar met on Tuesday 30/4/2024 with Qatari Minister of Public Health Hanan Mohammed Al Kuwari.
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U.S. Sees New Egyptian Gas Fields As Key To Its New Middle Eastern Strategy
Aside from its unique geopolitical significance, Egypt is uniquely positioned too in the global oil market.
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New Administrative Capital company to name int’l IPO advisor in 3Q of 2024
Abbas estimated the ACUD assets at around EGP 300 billion. Their value is expected to triple following the liberalization of the local currency.
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Egypt’s steel rebar production up 24.3% YoY in Q1
The surge in production was driven by the decline in prices over the past two months as well as the availability of US dollar liquidity.
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Jewellery, bullion demand in Egypt shrinks by 17% in 1Q of 2024 as prices rise: WGC
On the other hand, the report showed that bullion demand in Egypt decreased by 36 percent in the 1Q of 2024 to reach 5.2 tons.
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Egypt collects US$12 billion in revenues from Ras al-Hikma
The nation’s economic and financial performance is improving, he assured, adding that “we expect better indicators than the target by the end of June.
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Egypt, France sign MoU on roadmap for locomotive industry localization
The Egyptian Cabinet approved in principle in July an investment plan by the French company Alstom to establish two factories in Alexandria.
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Egypt to increase value of industrial investments by 10% during 2024
The goal is to reach a minimum of $3.6 billion, surpassing the $3.3 billion recorded in 2023.
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Egypt sees 4% growth in incoming tourist traffic
A proposal submitted to extend the aviation incentive program scheduled to end this April was discussed, with some amendments being made to it.
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CBE receives offers worth $1.117bn for USD-denominated T-bill auction
This auction, announced by the CBE on Monday, has a total value of $980m and is set to mature on 29 April 2025.
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Unification of FX in Egypt will attract Emirati, Saudi FDI: UAE-based Freezoner CEO
The recent unification of the foreign exchange rate in Egypt will contribute to attracting more foreign direct investments into the country.
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Egypt secures $230 million in budget support from Japan
Minister Maait emphasized the potential investment opportunities available to the Japanese business community in Egypt.
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SCZone Lays Foundation Stone for a Chinese Steel Pipe Factory with Investments of $146 Mln
The construction of the factory, which will provide 714 direct job opportunities, is scheduled to be completed during the first quarter of 2025.
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EU’s technical mission to visit Egypt to discuss macroeconomic support
During their time in Egypt, the mission will hold meetings with the Ministries of Finance, Social Solidarity, and representatives from the Cabinet.
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Egypt, Belarus sign MoUs to promote bilateral trade, investments
Relevant authorities in Egypt and Belarus will exchange expertise to enhance the business climate and achieve the sustainable development goals.
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High-level visit to Egypt’s industrial zones highlights UNIDO-Swiss-Egyptian initiative for sustainable industry
A high-level visit to the Suez Canal Economic Zone (SCZONE) on Monday marks a major step forward towards promoting sustainable industry in Egypt.
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Value of trade exchange between Egypt, Kuwait is $3B per annum
Kuwait is the third largest Arab trade partner to Egypt after the United Arab Emirates and the Kingdom of Saudi Arabia.
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Egypt Aluminum’s profits hike 33% YoY in 9 months
Net profit after tax reached EGP 5.227 billion in the nine-month period ended March 31st, 2024, compared to EGP 3.916 billion in the same period.
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Indonesia expresses interest in collaborating with SCZONE in ports, electric cars, and green fuel
This zone encompasses four industrial zones and six maritime ports along the Mediterranean and Red Seas.
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Egypt plans to implement 4 desalination plants worth $350M
Hanoura added that 17 consortia have qualified for the tender since nearly a year ago, and they will be notified to obtain the tender documents.
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Indian billionaire hosts lavish $3 million wedding at the Pyramids of Giza
Zahi Hawas stated that the couple had nothing but positive things to say about Egypt’s safety, stating that they did not encounter any problems.
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Orange and Huawei launch Huawei Cloud services in Egypt
Follows a few years after the two launched Orange Business Cloud in the country.
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Egypt’s National Railways announces one-day trip for Sham al-Nessim
As Sham al-Nessim approaches, the Egyptian National Railways Authority has announced a special one-day trip to celebrate the occasion on Monday.
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How Egypt’s 1Trolley became an all-in-one digitisation solution for retailers
Founded at the end of 2019, 1Trolley was initially a cross-category e-commerce aggregator platform, but it soon pivoted to become a B2B SaaS.
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Egypt to suspend load-shedding during Coptic Holidays
The state’s goal is to ultimately eliminate load shedding, the current electricity grid is capable of meeting Egypt’s electricity.
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Egypt to launch subsidized loans initiative for hotel rooms expansion
This move aims to encourage investing in the Egyptian tourism sector, the sources added.
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Egypt and Turkey Plan for Trade Relations Strengthen in 2024
Egypt is currently Turkey’s top trading partner in Africa, and Turkey is one of the most important destinations for Egyptian exports.