Business

Badr Petroleum Company produced 9M barrels since 2014: Egyptian Minister

Mon, 06 Feb 2023 - 01:33 GMT

The meeting reviewed the Plan and Budget Assembly of WEPCO and Badr Petroleum Company for the fiscal year 2023/2024.

Egyptian banking sector is strong, resilient in face of currency decline: Expert

Wed, 18 Jan 2023 - 01:07 GMT

He indicated that the compulsory reserve ratios for all Egyptian banks are in a good position, especially since there are decisions from 2017 to increase the compulsory reserve ratios from 4% to reach 14%, which puts banks in a better position.

Egypt started extracting green ammonia in cooperation with private sector

Wed, 11 Jan 2023 - 11:52 GMT

He noted that investments into this project amounting to $85 billion, while direct job opportunities amounting to 45,000 and indirect job opportunities amounting to 230,000.

Egypt is one of the richest Arab states in black sand: IDSC report

Tue, 10 Jan 2023 - 05:23 GMT

The report further highlights figures and facts related to Egypt’s wealth of black sands, their whereabouts, and the state’s efforts to make the best use of them.

Egypt establishes its first global city for trade of new, used cars

Sat, 07 Jan 2023 - 02:07 GMT

The global city will include a free zone and a used car sale area, the agency complex area, traffic offices, car showrooms, and the rest of the services provided to the customers.

Egypt allocated LE 4.4 bln investments for Red Sea governorate

Thu, 05 Jan 2023 - 11:02 GMT

The Egyptian government has allocated investments for the Red Sea Governorate, according to the 22/23 year plan, at about 4.4 billion pounds, of which 57.6% is funded by the public treasury.

In pics: Highlighting season of tomatoe drying in Egypt's Luxor

Sat, 31 Dec 2022 - 12:32 GMT

Egypt Today monitored a special magic that brings together workers to harvest tomatoes during the winter season, preparing them for cutting and drying on sawmills, and collecting them in sacks until they are prepared for export abroad.

Start: Egypt initiative supporting local industry

Thu, 24 Nov 2022 - 11:05 GMT

The government has exerted great efforts to support the Egyptian industry through different steps as part of the "Start" initiative.

58% of businesses in Africa profoundly affected by climate change: Study

Mon, 07 Nov 2022 - 11:23 GMT

Climate change has profoundly affected businesses in African nations in a negative way, according to the UK Emerging Economies International Investment Climate Report.

IMF: Egyptian economy to continue achieving high growth rates

Wed, 12 Oct 2022 - 01:17 GMT

The report attributed this to the launch of plans aiming at securing hard currency, encouraging and supporting local industry, and promoting the private sector's engagement in comprehensive development.

Renewable energy to play important role in liberalizing electricity market in Egypt

Mon, 10 Oct 2022 - 08:10 GMT

Egyptian Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker, confirmed that the expansion of electricity generation projects using new and renewable energy in Egypt, has become indispensable, revealing that these projects have a positive impact on the state on different levels.

Egyptian businessmen invited to participate in Trade Expo Indonesia 2022 (TEI) in Jakarta

Thu, 06 Oct 2022 - 04:02 GMT

The Egyptian economy showed resilience during the Coronavirus (Covid-19) pandemic crisis as it recorded a 3-percent rise in the GDP rate and this, consequently, contributed to the successful economic reforms under President Abdel Fattah El Sisi’s leadership, the ambassador added.

Egypt increases volume of exports, achieve self-sufficiency via increased investment

Tue, 04 Oct 2022 - 07:47 GMT

According to Ahmed Abdel Hamid, the Head of the Building Materials Division of the Federation of Industries, "there is an exceptional circumstance in the industry and economy in the world, but Egypt is able to exceed this period."

FM welcomes role of Friedrich Ebert Foundation in development projects in Egypt

Sun, 02 Oct 2022 - 11:53 GMT

Shoukry gave the remarks during a meeting with head of the foundation Martin Schulz.

US dollar exchange rate stable at major banks in Egypt

Sun, 02 Oct 2022 - 11:45 GMT

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 19.51 for buying and EGP 19.57 for selling.

Egypt's Senate committee calls for deepening local industrialization

Fri, 30 Sep 2022 - 07:52 GMT

The Senate’s Arab, Foreign and African Affairs Committee, headed by Dr. Effat El-Sadat, recommended the need to deepen local industrialization in Egypt, to raise the proportion of local components of the industrial product, and to settle many promising industries in industrial zones, free and qualified industrial zones (QIZ).

Investment volume in startups in Egypt slightly declined to $450M this year

Mon, 26 Sep 2022 - 07:15 GMT

The startups in Egypt is developing its performance and is aiming to increase it from the current size.

Egypt-Qatar trade exchange hits $44.8 million in 2021: CAPMAS

Tue, 20 Sep 2022 - 08:28 GMT

The energy sector is one of the most prominent areas of cooperation between both states

Want to start green investment in Egypt? Know more about green projects' standards

Sat, 13 Aug 2022 - 10:14 GMT

So if you are about to start participating in this type of investment, whether you are an individual, an organization or a company, you need to know these details.

Know more about Egypt’s rehabilitation plan of petroleum and mineral wealth sector

Mon, 08 Aug 2022 - 12:24 GMT

The development and management of primary energy resources is one of the most important pillars of sustainable development in Egypt.

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