News
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Egypt’s Leading RiseUp Summit is Back Under the Theme “Powering Through”
RiseUp, the renowned summit for entrepreneurs and innovators, returns for its 11th edition at the prestigious Grand Egyptian Museum 16-18 May.
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Tripadvisor names Hurghada 3rd best nature destination in the world
The global travel website Tripadvisor named the Egyptian Red Sea coastal city of Hurghada as the 3rd best nature destination in the world.
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Sisi Directs To Upgrade Maritime Transport Sector :Min
The state also worked on developing quays, the minister said, noting that Egypt will have 100-kilometer quays by 2030.
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Egypt's unemployment rate drops to 6.7% in Q1 2024: CAPMAS
In urban areas, the number of employed individuals reached 12.464 million, while in rural areas, it reached 16.829 million.
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CBE pulls record EGP 1 trillion to curb inflation
This liquidity withdrawal is part of the CBE's open market operations to effectively regulate the money supply within the Egyptian banking system.
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Egypt receives $14 billion in 2nd batch of Ras El-Hekma deal: Cabinet
The Egyptian government said it has received $14 billion as the second batch of funding from the $35 billion Ras El-Hekma development deal.
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Egypt designates land to build 10 GW wind energy project with $10B investments
The Minister of Electricity and Renewable Energy, Mohamed Shaker, stated that this 10 GW wind energy project is the largest of its kind in the ME.
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Culture Min Gives Directives For Opening Museums Free Of Charge On IMD
Kilany said that the ministry believes in the importance of the role of the museums in spreading cultural and art awareness.
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Shalateen Mineral Resources to launch international gold prospecting tender in Q4
Wadi Allaqi area will be divided into five gold prospecting sites, to be offered to local and international companies, the official pointed out.
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Concrete Fashion Group records $12.8m of profits in FY 2023
Looking ahead, Concrete Fashion Group plans to continue expanding domestically and boost online sales.
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Egypt-Built Julius Nyerere Hydropower Dam in Tanzania Now 97% Complete
The USD 2.9 billion project, built and run by Egyptian companies, would double Tanzania’s energy input and enhance agriculture.
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Transport Minister meets with Austrian delegation to boost Egypt’s railway industry
The ministry’s focus is on upgrading the railway system across multiple facets, including infrastructure, rolling stock, and signalling.
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Egypt saves $ 2B in cotton imports
Egypt has made significant progress in cultivating short staple cotton, especially after successfully localizing it in the Eastern Owaynat region.
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Egypt’s water needs estimated at 114 billion cubic meters annually
According to the minister, all of Egypt’s necessary needs per capita during the sixties were estimated at about 2,000 cubic meters per year.
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Egyptian pound against US dollar: Strongest point since March
The Egyptian pound’s rate against the US dollar declined on Tuesday to 46.92 for selling and 46.79 for buying, its strongest point since 23 March.
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Egypt, Greece to launch sea freight between ports of Alexandria, Volos
Egyptian Ambassador to Athens Omar Amer met with Greek Minister of Maritime Affairs Christos Stylianides to discuss cooperation on shipping.
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World's largest water desalination, drainage station completed in Egypt
The Delta Station project is monumental endeavor in the agricultural sector, focusing on waterways and sewage in the Hamam area on the northern coast.
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NBE credit card users can now use up to LE 60k in foreign currency without notifying bank
Visa Platinum, Mastercard Platinum and Mastercard holders can now utilize up to LE 40,000, compared to the previous LE 12,500 limit.
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Private sector’s share in Egypt’s total investment reaches 40 percent
In addition, the private sector increased its contribution to the gross domestic product (GDP) to 71 percent this year.
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Egyptian labour market 'very promising,' capable of growth, sustainability
President of the World Employment Confederation (WEC), said the Egyptian labour market is very promising, given its population age and size.