ECARU, Qalaa Holdings, and Axens to carry out technical, economic studies for second-generation biofuel project
Within the framework of their strategy to provide practical solutions for cleaner energy, the Egyptian Company for Solid Waste Recycling (ECARU), Qalaa Holdings, and Axens, on 17 July 2023, signed…
Japan’s Torishima, Egypt’s ElSewedy Industrial Development sign $5m deal to establish water pump maintenance centre in SCZONE
The subsidiary of the Egyptian Elsewedy Electric, Elsewedy Industrial Development (SD), has signed a contract with Japanese pump manufacturer Torishima Service Solutions to establish a $5m water pump maintenance centre…
Presidential initiative to replace obsolete vehicles costs EGP 675m: Finance Minister
Obsolete vehicles manufactured over 20 years ago to be replaced with new natural gas-powered ones
Telecom Egypt provides St Helena with its first subsea solution
Telecom Egypt has announced the activation of its agreement with St Helena Government (SHG) to connect the Island to Egypt’s subsea system over the Equiano submarine cable system, along with…
Egypt, Belarus discuss co-manufacturing products in Egyptian market
Egypt’s Minister of Trade and Industry Ahmed Samir Monday met Belarusian Deputy Minister of Industry Dmitry Kharitonchik and his accompanying delegation. They met within the activities of the third meeting…
CIB reports consolidated net income of EGP 7.99bn in 2Q 2023
Commercial International Bank (CIB) Monday reported second-quarter 2023 consolidated net income of EGP 7.99bn, or EGP 2.38 per share. The bank’s management commented: “Building on a strong start to the…
Egypt’s fish production hits 2 million tons, self-sufficiency at 85%
Egypt's fish production reached about 2 million tons in 2023, with a self-sufficiency rate of about 85%, the Ministry of Agriculture and Land Reclamation said in a report. The report…
New government initiative to support tourism is under consideration: CBE
The Central Bank of Egypt (CBE) said that a new initiative to support the tourism sector by the ministries of tourism and finance is currently under consideration, pending the approval…
President Al-Sisi, Justice Minister discuss development of Egyptian courts
Meeting addresses connecting different judicial bodies
Madbouly expresses Egypt’s aspiration to strengthen cooperation with IOM
Egypt offers full support to FAO and its commitments to achieve food security: Madbouly
