Suez Canal announces record $7bn profit in 2021-2022
06/07/2022The Suez Canal on Monday announced a record profit of $7 billion (about 6.7 billion euros) for the 2021-2022 fiscal year, after repeatedly raising transit fees for ships through the.
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Egypt’s engineering industry exports record $1.551B within 5 months
06/07/2022Egypt’s engineering industry exports increased by about 31 per cent to register $1.551 billion in the first five months of 2022, compared to $1.185 billion during the same period last.
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Egypt, Oman Agree To Establish A Joint Investment Fund
29/06/2022President of the Arab Republic of Egypt, Abdel Fatah El-Sisi, and the Sultan of Oman, Haitham bin Tariq, instructed studying the establishment of a joint investment fund between the two.
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Innovation
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UAE Foodtech Start-up Grubtech Expands Operations to Egypt
06/06/2022GrubTech, a start-up platform that digitizes the back-end operations of restaurants and cloud kitchens based in the UAE, has expanded to Egypt, diversifying its regional operations. Grubtech is a cloud.
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Economy
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Egypt Signs $145.64 Million Deal With EU For Development
12/05/2022Egypt’s Ministry of International Cooperation has inked development financing grants worth US$145.64 million with the European Union, EU, to boost several sectors. The signing took place in Egypt on Europe.
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Africa
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Egypt Frees Dozens Prisoners Ahead of Eid Holiday
27/04/2022Reports indicate that Egypt has released more than three dozen prisoners on Sunday, a week before the end of the Muslim holy month of Ramadan, which is traditionally a time.
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Politics & Policy
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Saudi Cabinet approves agreement on investments by PIF in Egypt
20/04/2022Saudi Arabia’s Cabinet approved an agreement signed with the Egyptian government on investments by the Kingdom’s Public Investments Fund (PIF) in Egypt; state news agency SPA reported early Wednesday. The.
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Egypt, Kuwait Sign $2.5 Million Railway to Sudan Deal
14/04/2022Egypt and Kuwait have agreed to collaborate on the construction of a train connecting Egypt and Sudan. The $2.5 million deal was inked by Egypt’s Ministry of International Cooperation and.
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Africa
Energy
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El-Sisi reviews electricity projects across Egypt
11/04/2022Egypt’s President, Abdel Fattah El-Sisi, met Sunday with Prime Minister, Mostafa Madbouly, and Minister of Electricity and Renewable Energy, Mohamed Shaker. The meeting followed up on electricity projects nationwide. During.
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Business & Economy
Dana Gas receives $20m in payment from Egypt
18/12/2018Dana Gas received $20 million (Dh73.46m) in payment from the Egyptian government, bringing the total receivables from the North African country to $152m for 2018. The Sharjah company, one the.
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