Service News
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Latest edition of Cairo International Book Fair concludes with record number of visitors
The 55th session of the Cairo International Book Fair ended on Tuesday with nearly five million visitors – achieving the largest public turnout.
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President Sisi Raises Minimum Wage by 50%
President Abdel Fattah El-Sisi directed to raise the minimum wage by 50%, reaching 6,000 pounds per month.
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SCZONE's revenues increase to LE 4.3B in H1 2023-24
This represents an increase of approximately 70 percent compared to the same period in 2022, where the revenue was LE 2.6 billion.
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Seasonal workers agreement with Greece creates 10K job opportunities for Egyptians
The agreement provides that the Egyptian laborers would be granted a nine-month stay every year to make up for the shortage in agriculture.
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Egyptian film ‘El Hareefa’ generates $1.20m since release on January 4
Egyptian soccer drama, El Hareefa, directed by Raouf El Sayed and featuring Nour El Nabawy in his first lead role, has made a significant impact.
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Conflict in Red Sea will weigh on Egypt’s elevated financing needs; inflation to soar
The Red Sea crisis will further elevate public sector gross financing needs for most emerging markets and middle-income countries in MENA.
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The Know How: Localizing the Locomotive Industry in Egypt
The government seeks to localize the locomotive industry in partnership with the private sector to curb import in the future.
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Egypt’s suite of green hydrogen tax incentives signed into law by president
Developers that meet local content and foreign financing requirements can access a credit of up to 55%.
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Egyptian AI-driven logistics startup Roboost gets $3 million to diversify its services
Its self-learning AI system improves client operations by reducing human intervention and automating home delivery fleets.
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Shipping Lines Request Incentives for Crossing Suez Canal
Rabie stressed the importance of the meeting, which serves as an extended and continuous platform for dialogue with all of the canal’s partners.
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Egypt's Suez canal authority head: revenue down 44% in Jan 2024
Egypt's Suez canal authority head Osama Rabie told Asharq TV on Thursday the canal's revenue fell by 44% in January 2024 compared to last year.
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GEM Celebrates The Birthday Of Umm Kulthum With A Concert
Grand Egyptian Museum will celebrate the centennial birthday the legendary Umm Kulthum with a concert on February 21.
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Egypt's SCZone inks $250 mln agreements for five projects
Egypt's Suez Canal Economic Zone (SCZone) signed five framework agreements to launch projects worth approximately $250 million in total.
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Cairo Book Fair's 55th Edition Begins, Showcasing Global Literature
Norway is honored as the guest of the year, and Egyptologist Dr. Selim Hassan and writer Yacoub El-Sharouni are spotlighted.
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Egypt lost $150 mln due to Red Sea disruptions
Egypt has lost about $150 million in Suez Canal revenue due to ongoing Red Sea disruptions, according to Bloomberg’s Chief Emerging Markets Economist
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Egyptian edtech Edura secures pre-Seed round
Egypt-based edtech Edura, has completed an undisclosed pre-Seed funding round led by Smart Zone Startups Studio and angel investors.
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Suez Canal revenues drop by 40% over Red Sea incidents: Official
The number of ships passing through the Suez Canal decreased by 30 percent compared to the same period last year, owing to tensions at the Red Sea.
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Arab Bank, Orascom inks EGP 4.2 bln Cairo Metro construction deal
The Arab Bank has signed an EGP 4.2 billion (nearly $136 million) agreement with mega company Orascom Construction to implement the fourth phase.
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Will news channels in Egypt broadcast in 4K technology?
There are plans to broadcast international news channels operating in Egypt in 4K within the near future.
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Bosta, an Egyptian logistics startup, secures new funding to continue its expansion plans
Bosta's mobile or web application allows users to send and receive packages while communicating and monitoring deliveries in real-time.