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World Bank to provide over $6B in support to Egypt over next 3 years
The bank announced that this support includes $3 billion for financial backing to Government’s programs and $3 billion for the private sector.
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More Egyptian companies embrace technology amidst 2024 business outlook
The study reflects insights from global trade experts and senior executives, including those from Egypt.
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Sisi appoints 3 new vice presidents to Suez Canal Economic Zone
Major General Mohamed Ahmed appointed as Vice President of the General Authority of the Suez Canal Economic Zone (SCZone) for the Northern Region.
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In a first, Bibliotheca Alexandrina launches ‘Hieroglyphs Step by Step’
Available in both Arabic and English, the website is an ongoing project whose first phase was launched in 2015.
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This Chrome extension blocks food ads during Ramadan
The agency explained that maintaining discipline of both mind and body takes precedence as individuals go through their day while abstaining from food
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Egypt’s Adtech Startup dKilo Raises $3.2 Million in Seed Funding
The investment, which includes a mix of equity and financing, aims to boost home advertising in the Saudi market.
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Major Gulf bourses up on strong oil prices; Egypt extends slide
The index encountered a technical glitch earlier in the day displaying inflated gains, before the issue got fixed towards the end of the trading.
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Egypt, EU trade volume declines by 19% in 2023
Among EU countries, Italy emerged as the leading importer of Egyptian goods, with imports worth $3.1 billion.
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Egyptian Cabinet Extends Sugar Export Ban for Additional Three Months
The cabinet had previously approved the importation of one million metric tons of sugar this year.
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Egypt: New incentives for green hydrogen and derivatives projects
The incentives also extend to projects that directly and exclusively manufacture production input and supplies.
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Egyptian Customs Releases 25,000 Cars In Zero-Customs Import Program
This program puts Egypt on the road towards securing a greater amount of foreign currency.
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Egypt's Al-Ahram film studio engulfed by fire
Egypt's Al-Ahram Studio, which is one of the oldest in the world, has been destroyed in a fire.
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14 Egyptian companies showcase at Xiamen Stone Fair: EECA
Regarded as a pivotal event for the marble and granite industry, the Xiamen Stone Fair serves as a key networking hub for a vast array of investors.
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European Union announces €7.4 billion package of aid for Egypt
European Union announces €7.4 billion package of aid for Egypt to fund efforts in curbing migration.
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Egypt Launches Natural Gas Company in Saudi Arabia with Capital of 2 Million Riyals
“Modern Gas Saudi Arabia” with an initial capital of 2m Saudi riyals, with a contribution of 80% of the capital structure of the Egyptian company.
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Egypt’s tax-free car import initiative generates $685M in revenues
Ghatoury further informed that payment orders had reached $1.6 billion by the end of the previous week, with a total of 464,000 beneficiaries.
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Housing ministry: Egypt works for supporting LCBI
Egypt is relentlessly working for supporting the Low Carbon Building Initiative (LCBI), while trying to secure affordable housing.
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CAPMAS: Egypt-EU Trade Exchange Records $31.2 Billion
The value of trade exchange between Egypt and European Union countries recorded $31.2 billion during the year 2023.
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April to see 11 days off for Egypt’s private sector employees
Employees working in the private sector will receive 11 days of leave for April, including the weekends on Friday and Saturday.
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Egypt aims $145B raise in petroleum, non-petroleum exports within 6 years
Egypt plans to increase industrial production by 20 percent, enhance the green economy's contribution to the gross domestic product to minimum 5%.
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Market capitalisation of Arab stock exchanges surpasses $4.5trn in February
The market capitalisation of Arab stock exchanges witnessed an increase to approximately $4.54trn in February, up from around $4.4trn in January.
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Gov’t plans massive sugar production in current season to resolve months-long sugar crisis
The ministry aims to receive nearly 1 million tons of sugar beet throughout the current season, which extends until August.
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Agricultural produce is second-largest source of foreign income for Egypt
The ministry said this was due to the “significant efforts” it has made in recent years, in collaboration with other state institutions.
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Egypt launches Ramadan tourism campaign for Arabic markets
The promotional content of this campaign includes videos presented by Arab and Egyptian influencers, bloggers, and content makers.
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Egypt Reduces Import Expenditures by 13.5%
Petroleum products topped the list of the top ten goods imported by Egypt in 2023, with imports valued at USD 7.4 billion.
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Egypt solar energy project wins 'Energy Transition Deal of the Year' award
The 200 MW plant, Egypt’s largest private solar plant, is expected to make a significant contribution towards Egypt’s target of 42% renewables by 2035
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Egypt releases 25,000 imported cars for expats in zero-customs initiative
A total of 25,000 cars imported to the country by Egyptian expats have been released from the customs department as part of the country’s zero-customs
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Health Minister discusses means to boost cooperation to export medicine, medical cosmetics to Africa
Spokesman for the Health Ministry said that the minister urged the members of the EFIA to form a workgroup with some African countries.
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Egyptian Healthtech 30Med Secures Pre-Seed Round
The new funding should provide the company with the necessary resources to further develop its platform and expand its reach.
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What Is Egyptian Cotton?
In short: Egyptian cotton is a species of cotton and the best version of this material has extra-long staple fibers.