Egypt dispatches commercial mission to Angola
May Helmy — Executive Director of the EEC — said that the upcoming mission targets eight main sectors in engineering industries — namely the home, electrical, and electronic industries sectors;…
2,337 small and micro projects implemented with more than EGP 27m since July 2021: Local Development Fund
1,463 of these projects are owned by women, representing 67.7% all projects
Egypt, EU sign development financing agreements worth €138m
The agreements included a €24m grant from the EU’s Integrated Rural Development programme and the Italian Agency for Development Cooperation to support Egypt’s Ministry of Agriculture and Land Reclamation. A…
Egypt’s expenditures reach EGP 2.71trn, revenues at EGP 1.518trn in 2022/23 draft budget: Finance Minister
Debt service ratio reduced to 7.6% of GDP, 33.3% of budget expenditures
Egypt’s Paymob raises $50m in Series B round of funding
This round brings Paymob’s total funding up to more than $68.5m.
Egypt records 1.64% decrease in manufacturing and extractive index during February 2022
CAPMAS updated the index methodology using FY year 2012/13 as a base and the level of main indices of industrial activity according to the Industrial Activity Manual (ISIC Rev.4).
EFG Hermes recognised by Financial Times and Statista as one of Africa’s fastest growing companies in 2022
Previously, the annual rankings featured the most innovative companies around the world while mostly covering Europe and the Americas. This is the first time the Financial Times conducts an annual…
Apex International Energy tests Fajr-8 well in Egypt’s Western Desert, yields 2,440 barrels of oil per day
Fajr-8 is connected to production facilities and started production on 8 May, less than four days after the rig’s release
Aviation, Tourism Ministers discuss mechanisms to stimulate and advance Egypt’s tourism and air movement
El-Anany began the meeting by thanking Manar for his cooperation and permanent support for the Egyptian tourism sector, especially through the great efforts that his ministry assigned to the sector,…
Egypt imposes fees on integrating solar plants for irrigation on electricity grid
The main objective of the decision is to open the way for farms consuming large amounts of electricity to implement solar irrigation plants with a net-metering system, especially since this…
