Abu Dhabi Tourism partners with Accor to rebrand Hurghada Hotel as Mövenpick
Abu Dhabi Tourism Investment Company, a subsidiary of the Abu Dhabi Fund for Development, has signed a management and operation agreement with international hospitality giant Accor to rebrand and modernize…
Urban inflation hits two-year low at 24% in January: CBE
Egypt’s annual urban headline inflation remained stable at 24% in January 2025, slightly down from 24.1% in December 2024, marking its lowest rate in two years, according to the Central…
Egypt hosts AI Readiness Assessment Methodology consultation
The Egyptian Ministry of Communications and Information Technology, in collaboration with the United Nations Educational, Scientific and Cultural Organization (UNESCO), has launched a consultation on Egypt's Readiness Assessment Methodology (RAM)…
Al-Sisi, Christodoulides inaugurate Egypt Energy Show, witness signing of gas deals
Egyptian President Abdel Fattah Al-Sisi and Cypriot President Nikos Christodoulides inaugurated the eighth edition of the Egypt Energy Show (EGYPES) 2025, held in Cairo from 17-19 February. The event drew…
Chevron welcomes Egypt-Cyprus MoU as key step for Aphrodite gas project
The Memorandum of Understanding (MoU) signed on Monday between the governments of Egypt and Cyprus, alongside Chevron, marked a significant milestone in advancing key commercial agreements for the Aphrodite gas…
Scientists identify ancient predator ‘Bastetodon’ in Egypt
A rare fossil uncovered in Egypt’s Fayum Desert has led to the identification of a new species of a 30-million-year-old apex predator, named Bastetodon. Published in the Journal of Vertebrate…
Egypt’s net foreign asset surplus reaches $11.99bn in January 2025
The Central Bank of Egypt (CBE) recorded a net foreign asset (NFA) surplus of $11.99bn (EGP 603.06bn) in January 2025, up from $11.64bn (EGP 592.47bn) in December 2024. Net foreign…
Israel blocks aid equipment to Gaza as Hamas awaits humanitarian protocol implementation
Israeli Prime Minister Benjamin Netanyahu has refused to allow caravans and heavy equipment into Gaza, despite guarantees that the Islamic Resistance Movement (Hamas) claims to have received as part of…
ETA committed to partnership with businesses to remove obstacles, foster growth: Chief
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), emphasized the authority’s commitment to strengthening its partnership with the business community. She highlighted that the Minister of Finance continuously…
Transport Ministry showcases advantages of ‘Ro-Ro’ shipping line for exporting
The Ministry of Transport has called upon the Egyptian Federation of Industries, the Federation of Chambers of Commerce, heads of Egyptian export councils, exporters, importers, and business leaders to leverage…
