Latest news
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Higher Education Minister: Political leadership prioritizes promoting AI in universities
Egypt’s higher education sector has witnessed a remarkable growth in the number of students enrolled in the technology and AI departments.
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1st phase of Egypt's first safe closure for waste dump completed
The plan is to get rid of the negative effects of random dumps, while rehabilitating the site, and implementing the infrastructure for parks.
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Madbouly directs initiation of community dialogue on Egypt's tax policy for 2024-2030
This step is poised to familiarize the tax community with the government's objectives for the tax system, along with the finance ministry's reform.
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Egypt to achieve daily production of 5.7B cubic feet in FY2024/2025
To realize this growth, the commencement of operations at recently discovered deep-water fields in the western Delta will play a significant role.
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Egypt sets aim of 30% increase in tourist arrivals in 2024 despite war headwinds
North African country attracted 8 million international visitors since the Israel-Gaza war began in October.
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Egypt's exports of food products grow by 31% in Q1 of 2024
During the first 10 months of 2023, the total Egyptian agricultural exports reached $3.5 billion, compared to $2.8 billion in 2022.
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EGAS partners with Höegh LNG to deploy FSRU for enhanced energy security
An unnamed official disclosed that the Egyptian government is expected to pay an annual fee of $90 million to utilize the FSRU unit.
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Egypt’s tourism, Suez Canal revenues could shrink by $13.7 bln through FY24/25 over war on Gaza
As a result of the Gaza war, the Suez Canal Authority announced that the Canal’s revenues declined by 46 percent (Y-o-Y) in January 2024.
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Egypt Limits Power Cuts to Evenings amid Second Semester Exams
The new update will be implemented starting Wednesday until July 20, in coordination with the Ministry of Petroleum.
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Signing MoU Between GAFI And Crédit Agricole Egypt To Attract FDIs
As per the memorandum of understanding, GAFI will provide foreign investors with comprehensive information on investment opportunities in Egypt.
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Is EGX poised to rebound in May after April’s losses?
Some hope that Egypt’s Stock Exchange (EGX) will regain in May the heavy losses incurred in April in response to the geopolitical tensions.
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LE6.5bn worth investments allocated for Ismailia in FY 2023-2024
Investments valued 2.9 billion pounds will be directed to the Suez Canal, with a share of 45 percent, followed by the higher education sector.
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Egyptian oil & gas firm books jack-up rig on 21-month drilling gig in Gulf of Suez
ADES has secured a new drilling assignment for one of its rigs off the coast of Egypt with Suez Oil Company (SUCO).
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Egypt’s Mashrou’ak program funds 211,000 projects worth $590 million
The Minister promoted investment and private sector activities in agricultural industrialization with 341 technological centers.
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New corruption case in the Ministry of Supply and Internal Trade
The main defendant in the case gave instructions to disburse quantities of bran during this period, without a document.
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Egypt Allocates More than Half of New Budget 2024/25 to Social Protection
The government allocated 23 billion pounds to support and stimulate exports, and 17.5 billion pounds to support industrial and agricultural activities
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Bitget Wallet witnesses 300 % growth in MENA
Countries in the MENA region such as Egypt and Saudi Arabia are among the top 15 countries for Bitget wallet downloads globally.
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Saudi Arabia and Egypt retain top spots in MENA travel preferences: Wego study
The report further revealed that the UAE ranked as the fourth favorite destination, followed by Pakistan, Kuwait, and Turkiye.
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Alstom: Building Plants in Egypt for Rolling Stock Production
Alstom plant in France is currently assembling trains for the Cairo metro, and the company is also preparing for the launch of the East Nile monorail.
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Egypt's oil exports increased by 26 percent in February
The overall value of Egyptian exports in February amounted to approximately $3,36 billion, down slightly compared to $3,52 billion in 2023.