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Egypt intends to convert vehicles to run on natural gas
He highlighted the cost efficiency of natural gas compared to traditional fuels, its environmental benefits, and its increased availability.
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Egypt’s Qara secures $2.6 million to propel KSA expansion plans
Qara empowers producers with a fully integrated digital platform to ensure product authentication and full traceability to the end consumer.
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Machinery tops Egypt's imports from G20 countries in 2024
The value of Egyptian imports from the G20 amounted to about $46.6 billion during the mentioned period, compared to $40.7 billion.
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Fitch Ratings upgrades 4 Egyptian banks IDRs
Fitch Ratings has raised the Long-Term Issuer Default Ratings (IDRs) of the largest four banks in Egypt following the recent upgrade.
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Remittances from Egyptian nationals in KSA, USA record the highest during 9 months of 2024
In contrast, the value of remittances from G20 workers in Egypt amounted to about $215.6 million during the fiscal year 2022/2023.
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Egypt’s petroleum sector sees growth with new projects & investments
Egypt has also unveiled new opportunities through its Digital Exploration Portal and partnered with global firms to reduce production costs.
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UAE’s Modon, Egypt’s Hassan Allam sign MoU on major construction projects in Ras El-Hekma
The two companies will explore opportunities to enhance utilities and infrastructure, with a specific focus on delivering sustainablity and resilience
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Egypt’s inflation remains stable for third month straight
Annual nationwide headline inflation increased to 26.3 percent in October 2024, up from 26 percent in September 2024.
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Minister of Environment to co-lead climate finance talks at COP29 in Baku
Fouad highlighted her commitment to focusing on the financial needs of developing nations and those most vulnerable to the impacts of climate change.
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JBIC interested in funding Japanese green hydrogen projects in Egypt
The funding would be provided either directly or through partnerships with Arab funds operating in Egypt.
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Egypt ranks among top 3 countries in entrepreneurship in MENA
The ICT sector has significantly contributed to GDP in recent years. In 2023, the sector constituted 5.8 percent of GDP.
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Egypt launches production line of Chinese-made Exeed cars
Egypt launched the production line of the Chinese-made Exeed cars on Sunday at the Egyptian-German Automotive's (EGA) factory in the Sixth of October.
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Orange Egypt Commits USD 52.7M to Power African Startups
Orange Egypt has invested USD 52.7 million to boost startups across Africa, focusing on youth-driven innovation.
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NTRA Prepares for Telecom Price Adjustments Amid Rising Operational Costs
Shamroukh attributed the proposed price hike to the escalating operational costs faced by telecom providers.
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Iraq may build a railway from Basra to Egypt’s Sharm El-Sheikh
This initiative reflects ongoing efforts to improve regional transport links and could play a crucial role in fostering economic ties between them.
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IFIs supported Egypt's NWFE energy projects with over $2.5 bln in past 2 yrs
Egypt secured more than $2.5 billion from International Financial Institutions (IFIs) to finance the private sector's energy projects over 2 years.
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Egypt's parliament to review 'unconstitutional' decades-old rent law
Egypt's Supreme Constitutional Court has annulled the first two articles of the law regulating the tenant-landlord relationship, dubbed 'the old rent.
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Swvl’s USD 4.2M Contracts boost Egypt’s Booming Mobility Market
Swvl secured USD 4.2 million in new contracts in Egypt, boosting its footprint across industries like FMCG and telecom.
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The Grand Egyptian Museum in Cairo opens 12 new galleries
Two decades after the start of construction work, the final opening of the world's largest museum is drawing ever closer.
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NASR, Al Safy Group sign EGP 500 mln deal to manufacture cars locally
This partnership will contribute to the country’s long-term economic growth and industrial development by meeting domestic market demand and expanding
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28th Edition of Cairo ICT kicks off
The exhibition hosts a wide range of participants, including ministries, government entities, local and international companies.
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Gold suffers worst weekly drop in 3 years
Gold prices plunged significantly, losing more than $220 from its all-time high recorded last month.
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Huawei unveils its flagship Power-M Solution at Cairo ICT 2024
Huawei proudly unveiled its flagship Power-M Digital Power Solution, which sets a new benchmark in energy innovation, on the sidelines of Cairo ICT.
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Telecommunications companies in Egypt invest $2B in new frequency spectrums
Regarding internet infrastructure, the minister stated that the average internet speed in Egypt currently stands at 76 Mbps.
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Egypt’s textile, garment exports to surge to $1.4bn by 2025
Salam said that the council aims to raise the sector’s exports to $1.23bn by the end of 2024, a growth of 10%.
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WE to cut off internet for specific customers in 12 days
The company has emphasized the importance of paying November’s landline bill to avoid internet disconnection or additional penalties.
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EBRD provides $2.5B to support Egypt's private sector
The discussions focused on expanding the cooperation portfolio and exploring new areas aligned with Egypt's governmental priorities.
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Egypt’s NTRA grants licenses to 7 major outsourcing companies
This move aims to improve the sector's competitiveness, attract foreign investment, and ensure service quality.
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Egypt's GAFI launches six new free zones
The new zones will be in El Alamein, 6th of October City, Borg El Arab, 10th of Ramadan City, in addition to 2 zones in the NAC and south Sinai.
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El-Nasr manufactures its 1st electric bus
This cooperation comes within the framework of environmental protection, and the plan to develop new clean energy buses.
