Service News
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Damietta Port secures $455 mln finance for Tahya Masr 1 terminal
The Damietta Port Authority and Damietta Alliance Container Terminals signed agreements with an international consortium led by HSBC Egypt and IFC.
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10 facts you need to know about the situation in the Red Sea
Discover 10 crucial facts about the Red Sea situation affecting Egypt's economy and global trade, from ship diversions to the energy market impacts.
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International consortium backs Damietta port in Egypt
Since 2012, the EBRD has invested close to €11.2 billion in 170 projects in Egypt, with almost 80 per cent in the private sector.
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Egypt’s iSchool $4.5 million to accelerate global expansion
iSchool offers live gamified classes led by coding instructors, catering to students aged six to 18.
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Egypt secures $5.6 bln from selling stakes in 14 state-owned companies
Egypt has secured $5.6 billion from the partial and full sale of stakes in 14 state-owned companies, Prime Minister Mostafa Madbouly stated.
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Shipping firms redirect vessels from Red Sea as Houthi attacks increase
The Houthis have been attacking ships in the Red Sea in response to Israel's war in Gaza, targeting a route that would take ships through the Canal.
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In landslide victory, Abdel Fattah al-Sisi has been elected the next president of Egypt
Candidate Abdel Fattah al-Sisi, symbol of the star, received 39,702,451 votes, or 89.6 percent of the total valid votes – a landslide victory.
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Suez Canal: 55 Ships Divert Route to Cape of Good Hope due to Red Sea Threats
The Suez Canal is closely following the ongoing tensions in the Red Sea and studying the extent of their impact on the navigation movement.
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Egypt: 5.7% increase in the number of students enrolled in higher education in 2022/2023
3.7 million students enrolled in higher education for the academic year 2022/2023, compared to 3.5 million students in 2021/2022.
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Egypt Post Issues Commemorative Stamp to Marks 66 Years of Relations with Sri Lanka
Bilateral relations between Sri Lanka and Egypt enjoy close cooperation in a wide range of fields, including economy, trade, culture, and education.
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Raya Holding signs agreement to acquire 27.69% stake in Ostool
Raya Holding had plans to sell their 62.3% stake in Ostool for Transportation to Paradigm Logistics for LE 266.6 million in 2021.
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From Romance To Magical Realism: Arab Novels To Cozy Up To On These Winter Nights
For bibliophiles, the winter season is an invitation to embark on literary journeys that complement the cozy ambiance of a well-made bed.
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Egypt to raise minimum wage to $113 a month from January
The last time the government increased the minimum wage was on July 1, when it set it at 3,000 pounds.
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Proposal to facilitate foreign entity registration on EGX approved by FRA
According to the FRA, international entities, including foreign companies and investment funds of diverse types, will be able to benefit.
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SMEs dominate 80% of Egypt’s marketing sector
BrandMix has established a code of conduct for its moderators to enhance service quality and raise awareness.
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Egypt’s ACUD signs agreement with JOBMASTER for restructuring ahead of IPO
Administrative Capital for Urban Development, the operator of Egypt’s new capital, signed an agreement with JOBMASTER for Human Capital Solutions.
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SCZone Receives Ghana Ports to Discuss Cooperation Opportunities
The meeting came on Saturday as part of the delegation’s visit to the economic zone and its affiliated ports to discuss opportunities for cooperation.
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Egypt receives first train to operate on high-speed electric rail network
Egypt has received its first train of its kind to operate on the high-speed electricity network’s first line, stretching from Ain Sokhna to Matrouh.
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Amira Adeeb to star in her first Hollywood movie, ‘No Nation’
The Egyptian actress expressed her joy at taking this next step in her career.
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Egypt's Suez Canal Authority to co-establish boat manufacturing company
Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats.