Significant surge in Egypt’s engineering exports during February
Engineering Export Council of Egypt (EEC) announced an increase in engineering industries exports in February 2024, recording the highest monthly figure in the history of engineering exports, reaching $459m, compared…
GAFI grants six new golden licences for projects worth EGP 5.6bn
Government’s role includes coordinating with all concerned authorities to facilitate all procedures: Heiba
Companies invest more than $100k yearly to upskill their cybersecurity teams
Over 70% of businesses pay more than 100.000$ for additional training annually to keep skills of their cybersecurity employees up to date, a recent Kaspersky study has revealed. However, the…
CI Capital, EFG Hermes to lead National Printing and Packaging Company’s Q2 2024 offering
Hisham Al-Khazindar, Co-Founder and Managing Director of Qalaa Holdings, has announced plans to list the National Printing and Packaging Company on the Egyptian Stock Exchange in the second quarter of…
18 Palestinians killed due to incorrect airdrop of aid
The Israeli war on the Gaza Strip continues for the 172nd day, amid violent bombardment that leaves hundreds of deaths and wounded daily, while the occupation expands its war against…
Shoukry welcomes Palestinian Fatah delegation
Egypt's Foreign Minister Sameh Shoukry hosted a delegation from the Palestinian Fatah movement on Tuesday. The delegation was led by Mahmoud Al-Aloul, the movement's deputy head, and included prominent figures…
Egypt begins clearing 20% of debt to foreign oil firms
The Egyptian government has embarked on a plan to settle its outstanding debts with foreign oil companies operating in the country. The initiative, announced during a meeting chaired by Prime…
Egypt’s FY 2024/25 draft budget targets 4% growth
Egypt's draft budget for the fiscal year (FY) 2024/25 outlines ambitious economic targets, with a projected GDP growth of 4% and a commitment to reducing the budget deficit. Finance Minister…
GTEX commences trading on Egyptian Exchange
GTEX for Commercial and Industrial Investments has announced the commencement of trading on the Egyptian Exchange. Effective Sunday, GTEX shares are available under the Reuters code GTEX. This follows the…
Egypt’s property market outlook: Steady prices despite economic shifts
Tarek Shoukry, head of the Real Estate Development Chamber at the Federation of Egyptian Industries and deputy of the housing committee in the House of Representatives, anticipates a marked escalation…
