Business

17:30

cairo, gmt + 2

24 April

Wednesday, 2024

Cabinet approves major investments in Ras El Hekma

Business

Wed, 24 Apr 2024 - 02:53 GMT

Furthermore, the Cabinet has also approved Prime Minister, Mostafa Madbouly's draft decision to create an investment zone in Ras El Hekma.

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Magazine Egypttoday December 2023

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Thousands of hotel rooms launched in Egypt in Q1 of 2024

Wed, 24 Apr 2024 - 01:19 GMT

In a related context, the occupancy rate during the first three months of 2024 was 54,78 percent growing by eight percent.

Developing countries receive less than 10% of global climate financing: Al-Mashat

Wed, 24 Apr 2024 - 11:57 GMT

Minister Al-Mashat emphasized the urgent need to address this imbalance and stressed the importance of fostering partnerships between multilateral development banks to rectify the situation

SCA pays attention to followng up latest methods of ship building: SCA chairman

Wed, 24 Apr 2024 - 11:12 GMT

The meeting comes to discuss means of joint cooperation in the field of building ships and the different maritime units.

Egypt to establish $160M sodium cyanide factory with Austria, Czechia

Wed, 24 Apr 2024 - 10:56 GMT

The project entails the construction of a sodium cyanide factory in Egypt, primarily focusing on meeting local demand and exporting 80% of the production to markets in the Nile Basin, the Middle East, and Africa

Tunisia's COFICAB Company to boost Egypt’s exports, targeting $200M in exports by 2027

Tue, 23 Apr 2024 - 05:00 GMT

This came during the meeting with Prime Minister, Mostafa Madbouly to follow up on the company’s recent developments.

World Gold Council confident in Egyptian gold market as a significant regional market

Tue, 23 Apr 2024 - 04:50 GMT

Highlighting the exceptional quality and esteemed reputation of Egyptian gold artifacts, Naylor stressed on increasing collaborative efforts aimed at bolstering the Egyptian market and exchanging expertise to enhance its standing

Finance Minister reveals draft budget details

Tue, 23 Apr 2024 - 04:44 GMT

Maait explained that the new budget focuses on balancing between mitigating inflationary pressures experienced by citizens, meeting developmental needs, and maintaining financial discipline

Egypt to increase industrial output by 20%: Trade Minister

Tue, 23 Apr 2024 - 03:08 GMT

This ambitious strategy is expected to create 7 to 8 million job opportunities during the specified period.

Egypt, Italy discuss cooperation in field of renewable energy, green transition

Tue, 23 Apr 2024 - 12:10 GMT

Egyptian Minister of Electricity Mohamed Shaker discussed in a meeting Tuesday with Minister of Enterprises and Made in Italy Adolfo Urso means of boosting cooperation in the fields of renewable energy and green transition.

Goldman Sachs predicts a substantial decline in Egypt’s financing needs for Q2 2024

Tue, 23 Apr 2024 - 11:39 GMT

Goldman Sachs estimated that Egypt will require significantly less financing through borrowing for the second quarter of 2024, attributing the reduced need to the substantial financing it secured during Q1 2024 and the Ras El Hekma investment deal

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