Business
El Dabaa Nuclear Project is the largest cooperation project between Egypt and Russia
March 29, 2024
El Dabaa Nuclear Project is the largest cooperation project between Egypt and Russia
Alexei Kononenko, Vice President of Atom Astroy Export and Project Manager of the Dabaa Nuclear Station, confirmed that there are…
National Bank of Egypt intends to invest five billion LE this year
March 27, 2024
National Bank of Egypt intends to invest five billion LE this year
The National Bank of Egypt, the largest government bank in Egypt, intends to invest up to five billion LE during…
Egyptian-French alliance seeks to develop comprehensive health coverage
March 24, 2024
Egyptian-French alliance seeks to develop comprehensive health coverage
Egyptian Finance Minister and Chairman of the Comprehensive Health Insurance Authority, Mohamed Maait, reviewed a report on the results of…
Egypt signs MoU to establish a Turkish logistics industrial zone in Jarjoub
March 23, 2024
Egypt signs MoU to establish a Turkish logistics industrial zone in Jarjoub
The Egyptian Group for Multi-Purpose Terminals Company (EGMPT), the commercial arm of the Egyptian Transport Ministry for maritime transport and…
SCZONE marks €175 million milestone with groundbreaking of new glass factory, solar power plant
March 22, 2024
SCZONE marks €175 million milestone with groundbreaking of new glass factory, solar power plant
Saint-Gobain breaks ground on its third glass factory in Egypt’s Sokhna zone, investing €175 million on a 200,000 sqm facility…
Egypt allocates over US$12 billion to support citizens in new budget
March 20, 2024
Egypt allocates over US$12 billion to support citizens in new budget
The Egyptian government has allocated LE596 billion (US$12.66 billion) to the support system, as part of the upcoming draft budget…
Standard & Poor’s raises its outlook for Egypt from stable to positive
March 19, 2024
Standard & Poor’s raises its outlook for Egypt from stable to positive
The Standard & Poor’s credit rating agency upgraded Egypt’s outlook from stable to positive, affirming its rating at B-. Standard…
EU to announce financial package for Egypt totaling 7.4 billion euros: Report
March 17, 2024
EU to announce financial package for Egypt totaling 7.4 billion euros: Report
The Financial Times reported that a large financial package from the European Union (EU) worth 7.4 billion euros may be…
Goldman Sachs expects surplus in foreign financing to Egypt
March 17, 2024
Goldman Sachs expects surplus in foreign financing to Egypt
The Goldman Sachs bank expects a surplus in foreign financing to Egypt worth US$26.5 billion over the next four years,…
Egypt’s government exchange companies earn LE 2.1 billion from foreign currencies
March 16, 2024
Egypt’s government exchange companies earn LE 2.1 billion from foreign currencies
The branches of Al-Ahly Exchange, Misr Exchange, and Cairo Exchange, companies affiliated with the three largest government banks, reaped the…