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China proposes to build a major textile manufacturing city in Egypt worth $300 mln
The delegation included presidents and representatives of 20 largest Chinese companies and alliances operating in various fields of the industry.
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Egypt’s major commitments under the IMF’s $8 bln expanded loan deal
The fourth through eighth and final reviews are scheduled to be completed every six months, allowing the country to receive around $1.3 bn each time.
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Egypt's Engineering exports record unprecedented high levels
The figures showed that the after Egyptian engineering exports recorded levels that are the highest in the history of Egyptian engineering exports.
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Egypt to cut interest rates by 2 percent in May; inflation to decrease to 20 percent by end of 2024
The CBE's Monetary Policy Committee is scheduled to meet on May 23 to review the key interest rates.
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Egypt wants to increase oil production by 9 percent
The aim is to reach 637 thousand barrels per day, compared to the current 580 thousand barrels.
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Tunisia's COFICAB Company to boost Egypt’s exports, targeting $200M in exports by 2027
This came during the meeting on Tuesday 23/4/2024 with Prime Minister, Mostafa Madbouly to follow up on the company’s recent developments.
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Egypt and African Development Bank finilise programme to strengthen country's entrepreneurial ecosystem
More than 100 businesses and entrepreneurs have benefited from the financial, tax, administrative, and technological advice offered by top consulting.
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Globeleq Completes Acquisition of Stake in Winnergy Solar PV Plant in Egypt
Globeleq, a leading independent power and energy transition company, has finalized the acquisition of a 48.3% equity share in the 25 MWp solar plant.
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TAG Oil commences flow back of BED4-T100 horizontal well
At least 50 tonnes of sand were used per stage in the mechanically propped fracture stages with over 1,000,000 pounds successfully pumped.
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Prices of 18 car brands in Egypt drop by up to 23% since currency floatation
This comes after two years of consecutive price increases due to a suspension of imports and a decrease in supply due to foreign currency shortage.
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Waja Company to set-up e-car factory in Egypt
Saudi Arabia’s Waja Company in JV to build manufacturing plant, leading new energy transition.
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AI - The next game changer in email marketing for 2024
AI and automation are revolutionizing email marketing, increasing efficiency and personalization.
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The top 5 banks in Egypt in terms of safety
The safety and reliability of banks are of paramount importance to both consumers and investors, especially in a climate of shifting dynamics.
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Learn from Amazon, YouTube and TikTok how to boost your digital presence
It went from print to digital, then from text to image and now from image to video. If you want to have presence as a company, you have to use all.
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4 Local Egyptian Sportswear Brands to Wear
The Egyptian fashion industry has witnessed a renaissance, where a wave of homegrown talent and creativity produced a wide array of brands.
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Al Ahly Sabbour signs a cooperation protocol with Baheya Foundation to support and empower breast cancer fighters
The move is coinciding with the opening of the second phase of Baheya Hospital in Sheikh Zayed.
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Suez Canal Adjusts Licensing, Fines, and Service Fees for Boats
Licensing fees and fines for floating vessels were amended, as it was decided to amend the fees for felucca with oars at 80 EGP or $150 for foreigners
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Austria, Czechia to establish $160 mln sodium cyanide production plant in Egypt
The plant would meet the needs of the local market and export 80 percent of its production to markets in the Mediterranean Basin and MENA.
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Cabinet approves major investments in Ras El Hekma
The Egyptian Cabinet has approved the establishment of a private free zone in Ras El Hekma, known as the Ras El Hekma Urban Development Project.
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Chinese textile alliance explores $300m integrated textile city in Egypt
These companies expressed their desire to invest in Egypt, recognizing it as a crucial market in the Middle East and Africa.
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Boycott campaign in Port Said decreases fish prices
Wissam al-Safty, thanked the rapid response to the campaign which grew until it reached to over 11 governorates in solidarity.
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Slight shift as dollar reaches EGP 47.8 in major banks on Wednesday
The US dollar exchange rate declined against the Egyptian pound at major banks on Wednesday, reaching EGP 47.8 down from EGP 48 recorded on Sunday.
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Thousands of hotel rooms launched in Egypt in Q1 of 2024
In 2023, the figure of international tourists to Egypt jumped by 27.4 percent hitting 14.9 million, which is the highest in the country's history.
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Banking system ready to secure foreign currency to increase strategic reserves
El-Sisi has also directed the government to improve its ability to intervene during a commodity shortage crisis to ensure price stability.
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Here are the dates for the Labor Day and Sham el-Nessim holidays
Prime Minister Mostafa Madbouly announced on Tuesday, that Sunday, May 5, will be an official holiday for Labor Day, instead of Wednesday, May 1.
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The World Health Organization, cooperates with the Food Bank to launch the “Partnership for Healthy Cities” initiative
This week on Monday, witnessed the launch of the ‘Partnership for Healthy Cities' initiative in a selection of government primary schools in Cairo Gov
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10 Egyptan startups win VMS Bridge Programme awards
The programme aims to provide opportunities for growth and expansion locally, regionally, and internationally connecting ecosystems in Egypt and KSA.
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Egypt, Italy to establish AI hub in Cairo to serve Africa
According to Egypt’s MCIT, the AI center will focus on supporting AI development and application throughout Africa.
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Egypt’s bluworks closes $1 million pre-Seed
bluworks, an Egypt-based startup developing blue-collar HRTech SaaS solutions, has raised a $1 million pre-Seed investment round.
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Tunisia's COFICAB Company to boost Egypt’s exports, targeting $200M in exports by 2027
The company's products already boast a significant local component percentage of approximately 55 percent at the initial production stage.