Latest news
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A deep dive into Egypt's fish market boycott campaign
The boycott campaign serves as a strong reminder of the power of collective action in holding market prices to account.
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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.