Egypt Today

SCA Head reassures major shipping companies, promotes return to Suez Canal trade route

Sun, 02 Feb 2025 - 12:22 GMT

In a meeting with representatives from 23 prominent maritime companies, Rabie shared his optimism about the region’s recovery

Somabay Partners with Le Club Golf to Expand into New Markets through the Prestigious Somabay World Cup Finals

Tue, 28 Jan 2025 - 10:05 GMT

Somabay Partners with Le Club Golf to Expand into New Markets through the Prestigious Somabay World Cup Finals

Egypt Handball Team Faces France in World Championship Quarterfinals

Tue, 28 Jan 2025 - 07:59 GMT

The Egyptian handball team will take on France at 10 PM tonight, Tuesday, in the quarterfinals of the 29th World Championship, co-hosted by Croatia, Denmark, and Norway.

2025 Africa Cup of Nations Draw: Egypt in Group B with South Africa, Angola, and Zimbabwe

Tue, 28 Jan 2025 - 07:57 GMT

The draw for the 2025 Africa Cup of Nations, to be held in Morocco, placed Egypt's national team, led by Hossam Hassan, in Group B alongside South Africa, Angola, and Zimbabwe

Industrial growth accelerates in Q1 FY2025 with 7.1% growth in manufacturing sector

Tue, 21 Jan 2025 - 02:55 GMT

Development financing directed to the private sector surpassed government development financing by 35 percent during Q1

“Pound is ‘well-supported’ in short-term:” Goldman Sachs reveals key insights from last week’s visit

Tue, 21 Jan 2025 - 12:20 GMT

The report highlights several crucial factors influencing Egypt's economic trajectory, with a particular focus on policy changes, inflation concerns, and the persistent challenges surrounding structural reforms

CBE reports $991.2M BoP deficit as Suez Canal revenues slip, oil and non-oil trade deficit grows

Sun, 19 Jan 2025 - 02:44 GMT

The primary driver of this shift was a sharp expansion in the current account deficit, which rose to $5.9 billion, compared to $2.8 billion in the first quarter of the prior year.

Manchester City makes official bid for Egyptian Star Omar Marmoush

Wed, 15 Jan 2025 - 08:09 GMT

The renowned German publication reported that Manchester City submitted a €70 million bid for Marmoush. However, Eintracht Frankfurt's management has rejected the offer, as they are holding out for €80 million.

Egypt's Handball Team gears up for World Championship debut against Argentina"

Wed, 15 Jan 2025 - 08:05 GMT

Under the guidance of Spanish coach Juan Carlos Pastor, the Egyptian team aims to deliver a strong performance against the Tango Dancers at the start of their World Cup journey, signaling a warning to the other teams in Group G.

Foreign trade jumped to $104.7B in FY2023, CBE

Tue, 14 Jan 2025 - 01:30 GMT

Trade with Egypt’s top 14 trading partners accounted for 64.6 percent of its overall foreign trade, totaling around $67.6 billion.

Egyptian clubs shine in African competitions

Mon, 13 Jan 2025 - 08:15 GMT

Egyptian football clubs had a remarkable weekend, securing significant victories and advancing in their respective African competitions.

EGX trading closes Thursday session with negative performance

Thu, 26 Dec 2024 - 02:59 GMT

Benchmark index EGX 30 was in the red, declining 0.16 percent to reach 29,957.97 points. The Shariah index also slipped, dropping 0.12 percent to 3,077.31 points.

Major automakers Honda, Nissan, Mitsubishi announce merger talks, potentially creating world’s third-largest auto manufacturer

Tue, 24 Dec 2024 - 11:50 GMT

The companies intend to reach a formal merger agreement by June 2025, with plans to list the new holding company on the Tokyo Stock Exchange by August 2026, according to a joint statement.

Consumer Protection Agency unveils new app to streamline services, enhance consumer rights

Mon, 23 Dec 2024 - 01:09 GMT

The app was introduced by Ibrahim El-Segini, Head of the Consumer Protection Agency, at a press conference on Sunday. This initiative is designed to simplify the process for citizens to file complaints, make reports, and access a variety of services offered by the Agency.

Sunday EGX trading ends with mixed performance

Sun, 22 Dec 2024 - 04:57 GMT

Trading on securities saw Egyptian and foreign investors as net buyers with LE 35.45 million and LE 10.31 million, respectively.

Egypt’s first digital factoring license secured by FinTech oliv

Mon, 16 Dec 2024 - 03:56 GMT

The license enables oliv to offer fully digital factoring and reverse factoring services to Egyptian businesses, a move that could revolutionize access to working capital for the country’s SMEs.

Ezz Steel's voluntary delisting from EGX gets FRA approval

Mon, 16 Dec 2024 - 01:00 GMT

In an EGX disclosure, Nouh explained that while the FRA has no objections to the delisting, it has outlined a series of conditions that Ezz Steel must adhere to.

Away goalless draws for Egypt’s Top Four Clubs in African Competitions

Mon, 09 Dec 2024 - 09:12 GMT

Egypt’s top four football clubs—Al Ahly, Zamalek, Al Masry, and Pyramids—missed the opportunity to secure crucial away wins in the second round of the group stage of the CAF Champions League and CAF Confederation Cup.

Hossam Saheb re-Elected unopposed as President of the Egyptian Rugby Federation (2024-2028)

Sat, 07 Dec 2024 - 10:50 GMT

The General Assembly of the Egyptian Rugby Federation has officially approved the unopposed election of Hossam Saheb as President of the Federation for a new term from 2024 to 2028.

Egypt prepares for African Cup of Nations qualifiers against Cape Verde and Botswana

Mon, 11 Nov 2024 - 07:51 GMT

The Egyptian national football team, led by Hossam Hassan, held their first training session at the Air Defense Stadium in preparation for their upcoming matches against Cape Verde and Botswana on November 15 and 19, respectively. These matches are part of the fifth and sixth rounds of the qualifiers for the African Cup of Nations.

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