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Coronavirus forces 15% of Alexandria restaurant owners to abandon business
The most hurt by the pandemic are the owners of large restaurants located in major commercial malls, whose rental value reaches about LE200,000 montly
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Taking Egyptian SMEs Online with the CBE Initiative
Egypt is a huge Middle Eastern economy with a population now reaching over 102.33 million, enjoying a period of relative macroeconomic stability.
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iMile launches in Egypt
iMile, a technology-driven delivery service, has officially launched in Egypt with operations in Cairo and Suez.
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Egypt can strengthen competitiveness, integration into global economy
Africa's economic recovery process from the pandemic will mainly depend on the financial capacity of African countries in addressing immediate shocks.
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Top 3 players in mortgage finance market in Egypt
These companies offer different options of finance to people who want to own real estate units, whether residential, commercial or administrative.
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Egypt's current account deficit widens to $4.8 billion in October-December
Remittances from Egyptian workers abroad rose to $7.49 billion in October-December from $6.96 billion a year earlier.
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Annual Sharm El-Sheikh Rendezvous, FAIR 27th Conference to kick off in September
Choosing Sharm El-Sheikh to host event confirms Egypt’s position as tourist destination, and attractive point for holding international forums.
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Egypt parliament discusses new budget
Parliament has begun discussing the state’s 2021-22 budget and development plans.
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Egypt, Italy discuss strengthening cooperation in tourism, archaeology
During the meeting, the two sides discussed organizing a celebration marking the 40th anniversary of the rescue of the Philae Temple.
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Opportune time for archaeotourism in Egypt
The memorable Pharaohs’ Golden Parade and recent astounding archaeological discoveries will help draw more high-end cultural tourists to Egypt.
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Egypt’s Suez Canal Authority, Japan to strengthen bilateral cooperation
Suez Canal is very important international sea lane for maritime logistics, says Ambassador Noke Masaki.
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Rania AlMashat participates in Women in Leadership Engagement Session
Al-Mashat spoke about her personal career and importance of women's economic inclusion in J.P. Morgan’s “Women in Leadership Engagement Session”.
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EBRD to support Egypt's green and sustainable economy
The European Bank for Reconstruction and Development (EBRD) is one of Egypt’s largest financial partners.
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Egypt to release Ever Given vessel after owners pay up
The vessel blocked the channel for six days, costing the Suez Canal Authority $15 million per day in lost revenue.
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Egypt unveils 3,000-year-old 'lost' city
This is a large city that was lost. It was connected with the god Aton and Amenhotep III.
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Trade exchange bet. Egypt, Uganda reaches $110M in 2020
The value of Egyptian exports amounted to $ 101 million, while the value of imports amounted to about $ 9 million.
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Paymob Closes Series A with $18.5m
Paymob was founded in 2015 by Islam Shawki, Alain El Hajj and Mostafa El-Menessy with a vision to revolutionize payments in Middle East and Africa.
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What are the most influential brands in Egypt?
Google, Vodafone, Mcdonalds, Jumia and others on top of the list of influential brands in Egypt.
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Sawari Ventures closes $71m fund for North African Startups
The firm announced it more than 2 years ago and it closed a $41 million fund with big investors like CDC, EIB, Proparco and Dutch Good Growth Fund.
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Egypt captivates world with Golden Pharaoh Parade
A world class event captivated Egyptians and internationals alike with its grandeur and authenticity, celebrating the great Egyptian civilization.
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Egypt seeks more than $1 billion for Suez Canal blockage
Egypt will seek a compensation that exceeds $1billion for the recent Suez Canal blockage by Ever Given. The ship blocked the waterway for 6 days.
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UAE’s ADQ to acquire Egypt’s Amoun Pharmaceutical Company
Amoun's flagship products include Hibiotic, Antinal, Alphintern, and Neuroton. Amoun has more than 2,500 employees and owns one of the largest,
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Egypt, PepsiCo launch initiative to cooperate in waste management
Recycle for Tomorrow contributes to helping Egypt apply the circular economy concept, said PepsiCo’s CEO for the Middle East and Africa
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Egypt postpones tender for license to make cigarettes
An auction for the licence, which would have ended a decades-old monopoly by the state-controlled Eastern Company , was due to be held on Tuesday.
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760,700 employed in Egypt’s public business sector in 2020
CAPMAS announced that figures for 2020 reflect decrease of 3.9% on 2019.
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Old doors turn into booming business in Egypt
Antiques dealers in Egypt are rushing to recover the old doors of buildings that are being demolished as part of an urban development plan.
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Egypt’s economy showed high resilience during COVID-19 crisis: EU Ambassador
Berger stated that Egypt has successfully maintained macroeconomic and financial stability while safeguarding those who need it.
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Egypt's relisting on JP Morgan bond index could attract $4.8bn
Egypt has a combined nominal $28.2 billion in eligible bonds that mature in more than 2.5 years, the minimum amount for inclusion in the index.
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Trade exchange between Egypt, China reaches $14.56B in 2020
As of December 2020, Egypt has become China's 49th trade partner.
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Suez Canal: Egypt’s gift to world, lifeblood of international economy
On its opening, international waterway reduced journey from Arabian Sea to London by 8-10 days.
