Egypt secures $38.8bn in development financing over four years
Egypt has secured $38.8bm in development financing and grants over the past four years through partnerships with multilateral and bilateral development partners, the Ministry of International Cooperation told the…
Rents rise by 24%, East Cairo at forefront of demand: Savills Egypt
Savills Egypt, the esteemed global real estate consultancy, organised the Savills Retail Connect forum to discuss the latest industry trends. The rise of experiential retail was a key focus, reflecting…
Body of Iranian President Raisi returns to Tehran amidst national mourning
The body of Iranian President Ebrahim Raisi arrived in Tehran on Tuesday as part of a multi-day funeral ceremony following his death in a helicopter crash on Sunday. State…
Palestinian resistance movements fight back against Israeli occupation in Gaza
The Al-Qassam Brigades, the military wing of the Islamic Resistance Movement (Hamas), and Al-Quds Brigades, the military wing of the Islamic Jihad Movement, announced Tuesday that they have carried out…
President Al-Sisi reaffirms Egypt’s dedication to peace in Gaza
President Abdel Fattah Al-Sisi met with the Board of Trustees of the Bibliotheca Alexandrina on Tuesday, highlighting the institution’s crucial role in fostering knowledge, science, and cultural engagement. This meeting…
Siemens Energy Egypt service centre launches 1.9-MW solar power plant in SCZone
A 1.9-megawatt solar power plant was inaugurated at the Siemens Energy Egypt Service Center in the Suez Canal Economic Zone (SCZone) on Tuesday. The plant, comprising approximately 3,280 photovoltaic solar…
Banque Misr awards EGP 990m loan to Edita for production expansion
In line with its robust marketing strategies and developmental objectives, Banque Misr has awarded a long-term loan of EGP 990m to Edita Food Industries. This loan supports the national economy…
Egypt, Japan partner on blood bag production, technology transfer
The Egyptian Authority for Unified Procurement, Medical Supply, and the Management of Medical Technology (UPA) has finalized an agreement with JMS Japan, a leading blood bag manufacturer, for a…
Finance Ministry announces EGP 8bn disbursement for export subsidy initiative by 6 June
The Egyptian Finance Ministry is set to disburse EGP 8bn to exporters as part of the lump-sum export subsidy payment initiative. This move, scheduled for 6 June, is in line…
Africa Tourism Forum gathers industry leaders in Egypt to unlock continent’s potential
The inaugural Africa Tourism Forum opened Monday, bringing together tourism professionals from over 20 countries to discuss the continent's vast potential and chart a path for sustainable growth. Egypt's…