Egypt, Brazil discuss launching logistic zones, direct flights

Tue, 11 Jun 2024 - 02:37 GMT

Both delegations conferred over ways of increasing the size of bilateral trade exchange that currently stands at $2.8 billion per annum.

Egypt’s net foreign assets hit LE 174.3B in April: CBE

Sun, 02 Jun 2024 - 02:21 GMT

The Central Bank of Egypt (CBE) reported holding LE 1.883 trillion in foreign assets at the end of April, while commercial banks held LE 1.195 trillion

Egypt to present new range of investment opportunities at EU-Egypt conference in June

Sun, 02 Jun 2024 - 11:58 GMT

Madbouly outlined the government's intention to present a diverse range of attractive investment opportunities to both Arab and foreign investors during the EU-Egypt Investment Conference, scheduled for June 29-30

Egypt gets cabinet approval for new private agricultural exports free zone

Wed, 29 May 2024 - 01:25 GMT

The first phase of the project is targeting an export volume of $200 million, which is expected to double once the second phase is completed

SCZONE, Eroğlu sign $40M land usufruct deal for garments factory in Qantara zone

Tue, 28 May 2024 - 08:11 GMT

The $40 million investment project is part of SCZONE's plan to transform the Qantara zone into a regional hub for the clothing and ready-made garments industry

Planning Minister presents Egypt's economic and social development to Senate

Sun, 26 May 2024 - 03:32 GMT

El Said noted that the plan targets a real economic growth rate of 4.2 percent in 2024/2025, compared to the expected low rate of 2.9 percent in the current fiscal year 2023/2024

Egypt has 11.5K hospitality establishments worth LE182B: GAFI

Mon, 20 May 2024 - 02:01 GMT

The number of hotel rooms - whether regular or floating - added during the first quarter of 2024 was 4,012.

PM holds meeting to boost real estate exports, activate investment funds

Wed, 08 May 2024 - 01:12 GMT

The meeting aimed to explore opportunities to attract foreign buyers and generate new foreign exchange sources for the Egyptian economy

Egypt aims to boost South Korean investments across sectors | PM

Thu, 02 May 2024 - 12:27 GMT

The sectors focused on the meeting were electronics, electrical appliances, textiles, oil and gas, nuclear energy, iron and steel, petrochemicals, manufacturing subway cars, and importing Egyptian agricultural products.

SCZONE, HiTech Apparel ink $20M deal for sportswear factory in Egypt

Thu, 02 May 2024 - 11:11 GMT

This deal marks HiTech Apparel's first venture in both the Middle East and Africa and is poised to create approximately 1,500 employment opportunities within the region

Egypt, UK strengthen investment and trade relations through MoU signing

Thu, 02 May 2024 - 09:21 GMT

Under the MoU, the UK Export Finance, which serves as the British export financing agency, will provide financial support for a range of projects in close coordination with GAFI

Value of trade exchange between Egypt, Kuwait is $3B per annum

Tue, 30 Apr 2024 - 04:10 GMT

The value of Kuwaiti investments in Egypt hit $15 billion, while that of Egyptian investments amounted to $1.1 billion.

SCZONE chairman witnesses foundation stone for Xin Xing factory with $146M investments

Tue, 30 Apr 2024 - 03:38 GMT

Spanning over an area of 270,000 square meters, the Xin Xing factory has an annual production capacity of 250 thousand tons

Egypt, Belarus sign MoUs on investment, trade, tourism

Tue, 30 Apr 2024 - 02:14 GMT

Belarusian Prime Minister Roman Golovchenko is holding a visit to Egypt.

Egypt secures $230 million in budget support from Japan

Tue, 30 Apr 2024 - 09:49 GMT

Minister Maait revealed that the financing agreement with Japan follows the successful completion of the International Monetary Fund's efforts to increase the loan's value to Egypt.

Gaza War, investment on top of Egyptian FM's meetings on sidelines of World Economic Forum

Mon, 29 Apr 2024 - 04:00 GMT

Minister of Foreign Affairs Sameh Shokry met Sunday and Monday with counterparts from the United Kingdom, Norway, Malaysia, Sri Lanka, and Bahrain.

FRA introduces amendments to establish hedge funds on EGX

Tue, 23 Apr 2024 - 09:22 GMT

The amendments aim to diversify investment tools, enhance competitiveness, and make the Egyptian market more attractive to investors, according to Farid

Egypt targets economic growth of 7-8% by 2027: Planning Minister

Sun, 21 Apr 2024 - 10:22 GMT

She noted that in spite of the anticipated economic growth deceleration in 2024 due to Middle East conflicts, the rate is projected to surpass regional average.

Egypt aims for private sector to constitute over 70% of its economy: Finance minister

Wed, 17 Apr 2024 - 12:44 GMT

Maait emphasized the pressing need for the private sector to assume a more prominent role in Egypt's economy, considering that nearly one million young individuals enter the labor market yearly while the government can only create around 100,000 new jobs

Turkish companies investing in Egypt launch new factories

Wed, 03 Apr 2024 - 12:11 GMT

Chairman of the General Authority for Investment and Free Zones (GAFI) inaugurated Tuesday the expansions.