Smuggling threatens EGP 4.5bn investments in Egypt’s mobile market: Importers Division
Matti Beshay, Head of the Trade Committee at the Importers Division of the Federation of Egyptian Chambers of Commerce (FEDCOC), has issued a stark warning about the dangers posed by smuggling in Egypt’s mobile industry. He highlighted that smuggling threatens
Egypt’s gold reserves rise by $2.2bn in 2024
The Central Bank of Egypt (CBE) has reported a $2.2bn increase in the value of gold included in the country’s foreign exchange reserves in 2024, bringing the total to $10.644bn by December 2024, compared to $8.440bn in December 2023. After
Bonyan expands portfolio with acquisition of Grade A office building in New Cairo
Bonyan for Development and Trade, a leading independent real estate investment company, has successfully acquired an 8,178 sqm Grade A office building at Park Street Edition in New Cairo. The deal, finalized in December 2024, strengthens Bonyan’s position in one
Developing Tourism in Egypt: A Prescription for Existing Problems
Tourism in Egypt is a crucial economic sector that significantly supports the national economy. With its rich history and unique monuments, Egypt has become a favorite destination for millions of tourists worldwide. However, the Egyptian tourism sector faces several challenges
Egypt’s Agriculture Minister discusses cooperation with Senegal, Somalia
Egyptian Minister of Agriculture and Land Reclamation, Alaa Farouk, has met with his counterparts from Senegal and Somalia to discuss enhanced agricultural cooperation. The meetings took place on the sidelines of the African Union’s Extraordinary Summit on Agricultural Development, currently
Agricultural Bank of Egypt, Elsewedy Watanya sign cooperation protocol to finance modern irrigation solutions
The Agricultural Bank of Egypt (ABE) has signed a cooperation protocol with Elsewedy Watanya for Industrial and Engineering Projects, under the auspices of the Ministry of Agriculture and Land Reclamation. The agreement is designed to provide essential financing to farmers
Egypt engages with Turkish TAV for collaborative airport management, operations
Egypt’s Minister of Civil Aviation Sameh El-Hefny has held discussions with officials from major global companies specializing in airport services to support Egypt’s strategy of increasing private sector participation and strengthening the civil aviation sector’s position as a regional hub
Communications Ministry aims to increase innovation hubs to 27 nationwide in 2025
Amr Talaat, the Minister of Communications and Information Technology, presented Egypt’s Digital Strategy vision during a tour of the Creativa Innovation Hub in Giza, which was led by Prime Minister Mostafa Madbouly. Talaat outlined the Ministry’s plan to establish Digital
Madbouly oversees final preparations for Grand Egyptian Museum opening
Egypt’s Prime Minister Mostafa Madbouly has directed an acceleration of work on the Grand Egyptian Museum, as the project nears completion. During a site visit, Madbouly emphasised the need to finalise all remaining construction and logistical preparations for a major
Egypt, Eritrea, Somalia meet to discuss regional security
The foreign ministers of Egypt, Eritrea, and Somalia convened in Cairo on Saturday to discuss regional security and cooperation, according to a statement released by the Egyptian Ministry of Foreign Affairs and Emigration. The meeting of the Tripartite Ministerial Committee,