Egyptian expatriate to spearhead €100m smartphone recycling factory in SCZONE
An Egyptian expatriate plans to launch a €100m factory for refurbishing and recycling smartphones in the Suez Canal Economic Zone (SCZONE). Soha Gendi, Egypt’s Minister of Emigration and Egyptian Expatriates’…
Venture capital investments in Africa decrease to $3.6bn: AVCA
Egypt ranks fourth among African countries in venture capital investments
WHO calls for universal health coverage to tame Africa’s disease burden
African governments should scale up access to quality healthcare for all citizens in a bid to reduce the continent's disease burden, a World Health Organization (WHO) official said Sunday during…
3 exchange companies accumulate over EGP 11bn since liberalisation
Following the liberalisation of the local exchange rate, three major exchange companies linked to the National Bank of Egypt, Banque Misr, and Banque du Caire have collectively garnered over EGP…
Egypt’s garment sector achieves 25% growth in 2M 2024
Marie-Louis Bishara, President of the Readymade Garment Export Council, has declared a 25% surge in garment sector exports for the initial two months of 2024, reaching $464m, up from $371m…
5.44% decrease in manufacturing, extractive industries index in January 2024
The manufacturing and extractive industries index, excluding crude oil and petroleum products, experienced a 5.44% decrease, settling at 92.85 in January 2024. This is a drop from December 2023’s final…
Egypt strives to lower public debt ratio to 80% by mid-2027: Finance Minister
We aim to achieve primary surplus of 3.5% of GDP: Maait
Bayt El-Khebra Group restructures investments in three listed companies for EGP 132.1m
On Sunday, the EGX displayed three large-volume transactions for these companies, totalling EGP 132.1m. Sources revealed that Bayt El-Khebra divested its 8% stake in Arab Cotton Ginning Company, distributing it…
Israeli delegation to engage in Gaza ceasefire talks in Cairo
UK Defence Secretary Grant Shapps advocated on Sunday for a sustained truce in the Gaza Strip. He urged Israel to facilitate the entry of humanitarian aid into the region and…
Government to borrow EGP 1.491trn from local market in Q4 FY 2024
The Egyptian government plans to secure a substantial loan of EGP 1.491trn from the domestic market in the fourth quarter of the fiscal year 2023/2024. This move is aimed at…