cairo, gmt + 2

30 May

Thursday, 2024

Prime Minister Madbouly recently emphasized the program's scale, revealing that Egypt produces approximately 100 billion loaves annually, each sold for a mere 5 piasters.

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Magazine Egypttoday December 2023

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MoICMin, CBE Governor attend AfDBAM2024 to boost cooperation with African countries

Wed, 29 May 2024 - 01:07 GMT

Egypt's delegation joined the meetings as part of its commitment to enhancing cooperation with African nations and strengthening relationships with key development partners.

South Korean Amb.: Egypt on its way to becoming a regional center for electronics industry

Wed, 29 May 2024 - 12:49 GMT

The Korean Promotion, Investment and Trade Agency in Egypt, KOTRA, organized a seminar and business meetings with a group of 7 companies in the field of electronics industry operating between Egypt and South Korea.

MSME sector represents more than 80% of Egypt’s economy: MSMEDA CEO

Wed, 29 May 2024 - 12:36 GMT

MSMEDA is currently working with various state institutions to implement the Small Enterprise Development Law

Egypt’s sovereign fund reportedly preparing telecom and agriculture subfunds

Wed, 29 May 2024 - 11:18 GMT

Subfunds related to the telecommunications and agriculture sectors are reportedly in the works as part of the Sovereign Fund of Egypt’s (SFE) multisector strategy

Volume of trade exchange bet. Egypt, Malaysia reaches $777M in 2023

Tue, 28 May 2024 - 04:08 GMT

The meeting aimed to explore ways to enhance trade and investment cooperation between Egypt and Malaysia.

Africa and Middle East Depositories Association looks to Egypt as HQ for MEA-centered data center

Tue, 28 May 2024 - 03:59 GMT

This strategic decision reinforces AMEDA's ongoing efforts, fostering seamless operations throughout diverse markets by fostering the exchange of information and expertise among member states

FRA to build fintech companies for SME financing, digital services

Tue, 28 May 2024 - 02:22 GMT

Additionally, the committee approved the creation of V.Lens, a company specializing in electronic identification, verification, and authentication services.

Egypt imports 750k ton of sugar to cover needs until February 2025

Tue, 28 May 2024 - 01:04 GMT

Consequently, the deficit of 1 million tons of sugar will be filled, and Egypt will have enough stock until February 2025, when the new crop of local production arrives.

Egypt-China trade exchange volume reaches $13.9 bln in 2023

Tue, 28 May 2024 - 12:25 GMT

The volume of trade exchange between Egypt and China reached $13.9 billion in 2023, compared to $16.6 billion in 2022, according to Central Agency for Public Mobilization and Statistics (CAPMAS).

Engineering exports surge 32.3% YoY during first 4M of 2024

Tue, 28 May 2024 - 12:15 GMT

According to Sherif Al-Sayyad, Chair of Egypt's Engineering Export Council, April 2024 reported a record 50.3 percent increase in engineering exports, the highest in the sector’s history, reaching $431.5 million, compared to $287.1 million in April 2023


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