Egypt’s imports of yellow corn fall 25% YoY in ’23
Egypt’s imports of yellow corn fell by around 25 per cent year on year (YoY) in 2023 to reach a value of 6.3…
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industry and trade
Egypt’s Oriental Weavers profits drop in 9 months
Egypt’s Oriental Weavers for carpets, rugs, and related raw material products reported a drop in its profits for…
Beko Egypt to open its factory in early 2024
Beko Egypt will open its first factory in Egypt in early 2024 rather than the fourth quarter of this year as…
Egypt releases goods worth $53.7bln during 1st 9 months of 2023
Egypt released goods worth $53,7 billion during the first nine months of 2023, the Egyptian government said on…
Jordan finishes work on 1st gas-run industrial city
Jordan has completed a one-year project to construct its first gas-run industry city, according to a Jordanian…
Egypt approves new $16bln industrial city project in Giza
Egypt's General Authority for Investment and Free Zones (GAFI) approved on Wednesday establishment of new…
Egypt releases $23bln worth of imports since January
Egypt has released $23 billion worth of imported goods, merchandise and products since January, announced Minister…
BP to invest $2 billion in Egypt next year: regional head
BP is looking to invest $2 billion in developing its gas fields in Egypt within 2019, its North Africa Regional…
Egyptian-Saudi ministerial committee 16th session to start today in Riyadh
The 16th session of the Egyptian-Saudi ministerial committee started on Tuesday in Riyadh.
UAE’ Mubadala, Eni to sign Egypt Zohr deal in late May
UAE-based Mubadala Petroleum seeks to sign the final agreement to purchase 10 percent stake in Egyptian giant…
Baker McKenzie wins Regulatory & Investigations Team in MENA
Global law firm Baker McKenzie has been named as the "Regulatory & Investigations Team of the Year" at The…
Hotels and OTAs need to cooperate to maximise revenues: experts
Hotels and Online Travel Agents (OTAs) need to work together to reach a collaborative approach that maximises…
SDX Energy unveils new oil discovery in Egypt’s West Gharib concession
SDX Energy Inc., the North Africa focused oil and gas company, announced Tuesday that an oil discovery has been…
EU supports Egypt’s energy sector: commissioner
European Union Climate Action and Energy Commissioner Miguel Arias Canete said Tuesday the EU supports transforming…
Suez Canal revenues rise 6.4% in March
Egypt's Suez Canal revenues rose 6.4 percent month-on-month, increasing by $28.1 million in March, as shown by…
Russia, Egypt to resume industrial zone talks this weekend
A Russian delegation will visit Egypt by the end of this week to resume talks to build a sprawling industrial zone…
Egypt, Arab Fund sign agreement to develop electricity grid
Egypt has signed an agreement with the Arab Fund for Economic and Social Development on Tuesday to develop the…
World Bank applauds Sisi’s efforts to tackle Egypt’s economic woes
President of the World Bank group Jim Yong Kim praised the “economic success” that he said Egypt has…
Foreign investments in Egypt’s oil sector to hit $10 bln in FY2017/18
Foreign investment in Egypt's petroleum sector will reach about $10 billion in the 2017/18 fiscal year that ends in…
Sahar Nasr says Egyptian investment map has promising opportunities
Egypt’s investment map includes promising opportunities for investors in various areas, Minister of…
Egyptian non-oil exports rise 7% in March
Egyptian non-oil exports grew by 7 percent, exceeding $2.2 billion last month, as shown by the data of the…
Egyptian exports to EU rise 21% in 2017
Egypt’s Trade and Industry Minister Tareq Kabil said on Friday that Egyptian commodity exports to the European…
Egypt develops national plan to upgrade electricity grid
The official spokesperson of Egypt’s presidency Bassam Radi said on Saturday that an ambitious national plan has…
UAE nears handover of Arab world’s first nuclear plant to operator
A South Korean venture with the United Arab Emirates is inching closer to switching on the Arab world’s first…
Canada lifts two-year ban on EgyptAir’s cargo flights: minister
Canada has lifted a ban on state-owned EgyptAir’s direct cargo flights after more than two years of suspension,…
IMF sees 5.2% growth in Egyptian economy this year
The International Monetary Fund (IMF) expects economic growth in Egypt to reach 5.2 percent in 2018 and 5.5 percent…
Egypt to establish public free zone in Nuweiba, South Sinai
Prime Minister Sherif Ismail issued on Sunday a decision to establish a public free zone on a plot of 226.047…
BP to increase Egypt’s natural gas output to 1.3 bcf/day
BP Egypt is targeting to increase natural gas production from the West Delta project to 1.3 billion cubic feet per…
Shell to complete deep-water oil, gas exploration in Egypt
Royal Dutch Shell Plcis will resume exploration for oil and gas in Egypt’s deep-water of the Mediterranean Sea,…
Eni’s IEOC to raise Egypt’s Zohr gas field output to 1.2 bcf/day in May
Italian-Egyptian Oil Company (IEOC), Eni’s subsidiary, says it hopes to increase the production from Egypt's…
Elsewedy Electric’s unit to execute 700mn pounds facilities project in Egypt’s Sadat…
Egyptian cable maker El Sewedy Electric’s subsidiary, SDM for Development and Management, plans to invest 700…
Egypt’s Suez Canal revenues up to $463 mln last March
Egypt's Suez Canal revenues rose to $463 million in March from $435.8 million in February, local financial…
Chinese-Egyptian trade exchange rises by 91.1% in Feb. 2017
The volume of trade exchange between Egypt and China recorded 1.002 billion dollars during February, the Chinese…
Egypt to increase tobacco tax revenues to 7.072 bln pounds in FY2018/19
Egypt aims to raise its revenues from taxes imposed on tobacco by 7 billion Egyptian pounds ($395.50 million) in…
Saudi Arabia and Egypt sign MoU for oil experience exchange
Egypt and Saudi Arabia have signed a memorandum of understanding (MoU) for the exchange of petroleum and mining…
Egypt targets investments worth 942 bln pounds in FY2018/19
Egypt’s total investments are expected to reach 942 billion Egyptian pounds in financial year 2018/2019…
Egypt to increase fuel prices by 35-45% in Q1 of FY2018/19
Fuel prices in Egypt are expected to rise between 35 percent and 45 percent in the first quarter of financial year…
Sisi to inaugurate MENA’s largest cement plant in Upper Egypt Friday
Egypt's President Abdel Fattah al-Sisi will inaugurate within days the Middle East’s largest cement pant, opening…
Raya unveils new investments in Egyptian light transport vehicle industry
Egypt’s Raya Holding announced Tuesday a new project for the assembly and manufacture of light transport vehicles…
Kitchenaid, Whirlpool, Bauknecht win five red dot awards
The appliance brands KitchenAid, Whirlpool, and Bauknecht received five awards at this year’s Red Dot Awards for…