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Egypt’s trade deficit declines 14% in December 2020
The balance of trade deficit in Egypt shrank by 14 percent year-on-year (YoY) to $3.28 billion in December 2020,…
Egypt to launch vehicle replacement initiative before March-end, minister
Egypt's plans to replace obsolete cars manufactured 20 years or more with locally-manufactured ones operating on…
Shell Egypt sells onshore upstream assets in Egypt for $926m
Shell Egypt and one of its subsidies signed an agreement to sell their upstream assets in Egypt’s Western Desert to…
Egypt completes construction works on 3 cotton ginning factories at EGP 200 mn cost
Egypt announced the completion of the construction works of three cotton ginning factories in Sharkia, Gharbiya,…
Egypt spends EGP 86bn annually on commodity, bread subsidies
The Egyptian government offers subsidies worth 86 billion Egyptian pounds for commodities and food subsidies each…
Women comprise 42% of Careem Egypt employees
Women comprise 42 percent of the ride-hailing firm Careem Egypt’s total staff, equivalent to 284 female employees,…
Egypt set to launch new export support programme in July
Egypt iEgypt is planning to launch a new export support programme by the beginning of fiscal year 2021/2022s…
Egypt seen a decline of 16 % in exports of building materials during January
Egypt's exports of building materials, refractory, and metallurgy industries fell by 16 percent to $450 million in…
Egypt signs deal with Belgium’s DEME to produce green hydrogen
Egypt signed on Thursday a cooperation agreement with Belgian dredging company DEME Group to start producing green…
Spotify competitor Anghami to become first Arab tech firm to list on Nasdaq, eyes plans…
Anghami, which operates a music streaming app popular in the Middle East and North Africa, announced on Wednesday…