07:36
cairo, gmt + 2
14 May
Wednesday, 2025
Tue, 13 May 2025 - 07:00 GMT
Four contracts to supply Chinese company Xinxing's ductile iron pipe products to national projects within Egypt and Saudi Arabia, were signed Tuesday.
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This reflects a remarkable 72.4 percent increase—or an additional $13.7 billion—compared to the same period a year earlier.
Key contributors to this growth included ready-made garments (up 30.6 percent), petroleum products (up 12.2 percent), various food preparations and pasta (up 9.3 percent), and raw plastics (up 3.4 percent).
According to the CBE, the monthly change in the core Consumer Price Index (CPI) stood at 1.2 percent in April 2025, compared to just 0.3 percent in April 2024 and 0.9 percent in the previous month.
Startups operating in sectors such as software exports and artificial intelligence (AI) will be offered a range of incentives, including simplified administrative procedures and full exemptions from customs duties and taxes
The assessment points to major institutional improvements, particularly in digitizing government services, modernizing the civil service, and advancing gender and youth inclusion in policymaking.
This marks a modest increase from February’s 10,600 units and signals a continuation of the sector’s recovery that began after a steep January decline
The project comes under a thirty-eight-month contract worth 275 million euros, as announced by the Egyptian cabinet.
Despite this annual increase, monthly inflation saw a slight slowdown, registering 1.3 percent in April, down from 1.6 percent in March.
The Suez Canal Economic Zone (SCZONE) currently encompasses a total of 262 industrial, service, and logistics projects, which have collectively generated approximately 40,200 job opportunities. In addition, the zone includes 10 major investment projects within its seaports.
The first meeting of the Egyptian-Swiss Joint Economic Committee was held in Bern with the participation of a large number of officials, representatives of chambers of commerce and industry, companies and business people from both countries.
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