Egypt ranks 2nd in CCPI index thanks to investment in renewables

Mon, 25 Mar 2024 - 10:17 GMT

The index data attributed this advanced ranking to the fact that Egypt has taken measures to invest in large-scale renewable energy projects, such as encouraging the installation of solar and wind energy.

Gov't signs 7 agreements with int'l developers for green hydrogen, renewable energy projects

Wed, 28 Feb 2024 - 06:22 GMT

Egyptian Prime Minister Dr. Mostafa Madbouly witnessed Wednesday the signing ceremony of 7 cooperation agreements in the fields of green hydrogen and renewable energy.

Egypt-EIB cooperation portfolio values $3.6 billion in 18 development projects

Tue, 27 Feb 2024 - 11:49 GMT

Egypt enjoys strong relations and a huge portfolio size with the European Investment Bank (EIB), in light of the role played by the Ministry of International Cooperation to develop and strengthen economic relations with multilateral and bilateral development partners and international institutions.

Egypt-Turkey relations: Extended economic partnership, tremendous investment opportunities

Wed, 14 Feb 2024 - 03:06 GMT

The visit of Turkish President Recep Tayyip Erdogan to Egypt gives a new impetus to enhancing economic cooperation and trade exchange between both countries, especially since they are linked with distinguished historical economic relations.

5 things to know about 1st factory for fiber yachts in Egypt, Red Sea

Sat, 03 Feb 2024 - 11:08 GMT

During the past few days, the Governor of the Red Sea, Major General Amr Hanafy, opened the first factory in Egypt and the Red Sea for the manufacture of fiber yachts in the industrial city of Hurghada.

Egyptian government funds over 12K micro businesses in 2023

Tue, 02 Jan 2024 - 02:45 GMT

The ministry also screened 146 industrial and investment plots nationwide to determine unoccupied land plots.

INSUTECH invests LE400M to expand presence in Egyptian market

Sun, 19 Nov 2023 - 04:57 GMT

The company plans to establish new buildings and production lines, a move that will not only boost its operations but also generate numerous employment opportunities for young individuals.

Qatari Al Mana Group plans $60 million initial investment in Egypt

Wed, 15 Nov 2023 - 08:30 GMT

During the forum, Qatar's Minister of Commerce and Industry, Mohammed bin Hamad bin Qassim, disclosed that Qatar had already invested over $5.5 billion in Egypt's financial, real estate, and energy sectors

Egypt's exports to South Korea rise significantly, reaching $2 bln in 2022

Thu, 12 Oct 2023 - 08:48 GMT

The Egyptian exports value reached $2 billion during 2022, compared to $618.6 million during 2021, recording an increase of 219.5 percent.

Localizing electric car industry is consistent with Egypt's vision to reduce import bill: Official

Wed, 11 Oct 2023 - 09:45 GMT

President of the General Syndicate for Engineering, Metallurgical and Electrical Industries, Engineer Khaled Al-Feki, revealed that there are serious steps Egypt is taking to localize the traditional and electric car industry.

Egypt's exports record significant development, reaching 311.7Bln during last decade

Tue, 10 Oct 2023 - 12:17 GMT

Egyptian exports over the past years were distributed by 29 billion dollars in 2013, and 27.5 billion dollars Dollars in 2014 (decreasing 5.1%), in addition to $22 billion in 2015 (decreasing 20.2%).

Egypt's petroleum sector aims to drill 110 exploratory gas wells until 2030

Mon, 09 Oct 2023 - 11:13 GMT

In the research and exploration plan until 2030, the petroleum sector aims to drill 110 exploratory gas wells with investments amounting to about 4.8 billion dollars.

Egypt adopts new strategy to increase industry’s contribution to domestic product by 20%

Thu, 05 Oct 2023 - 10:46 GMT

The Egyptian Ministry of Industry is currently approaching the preparation of the national strategy for industry, which focuses on attracting investments to deepen the industry.

Egypt seeks to deepen relations with AIIB by more public-private partnerships: Min.

Mon, 25 Sep 2023 - 11:27 GMT

During the meetings, Egyptian Minister of Finance Mohamed Maait said that Egypt's hosting of the conference "reflects the country's role regionally and internationally."

Egypt scores successes in petroleum sector, boom in gas exports: Maat Report

Sat, 02 Sep 2023 - 12:59 GMT

The Egyptian state continues its major successes and achievements in the gas and oil file, and this comes at a time when Egypt is seeking to increase its reserves of gas, the demand for which has recently grown, in addition to the efforts of many European countries to secure alternative sources away from Russian supplies.

Trade exchange between Egypt, BRICS states rise by 21% in 2022

Mon, 28 Aug 2023 - 01:40 GMT

The study prepared by the researcher Asmaa Refaat showed that Egypt reaps a number of benefits from Egypt's accession to the BRICS bloc.

Study: 7 gains for Egypt's accession to BRICS

Sat, 26 Aug 2023 - 02:56 GMT

The BRICS Summit 2023, which was held during the past three days in its fifteenth session in Johannesburg, South Africa, culminated in announcing the expansion of the base of members to include: Egypt, the Emirates, Saudi Arabia, Argentina, Iran and Ethiopia.

Egypt's law regulate electricity transmission system in accordance with environmental standards

Thu, 17 Aug 2023 - 10:34 GMT

The Electricity Law included a number of tasks for the Egyptian Electricity Transmission Company to operate the electricity transmission system in accordance with economic and environmental standards.

30 new locomotives added to Suez Canal fleet as part of development plan

Fri, 28 Jul 2023 - 08:53 GMT

Lieutenant General Osama Rabie, head of the Suez Canal Authority, said that adding 30 new locomotives to the Suez Canal fleet is part of a future plan to develop the fleet.

30 new locomotives added to Suez Canal fleet as part of development plan

Fri, 28 Jul 2023 - 08:52 GMT

Lieutenant General Osama Rabie, head of the Suez Canal Authority, said that adding 30 new locomotives to the Suez Canal fleet is part of a future plan to develop the fleet.