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Business
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Economy
12/26/2023 7:03:42 PM
Egypt’s Suez Canal Economic Zone (SCZone) has received $1.85 billion worth of investments between 1 July and 25 December, the SCZone’s Chairman Walid Gamal El-Din stated on Tuesday, according to a cabinet statement.
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Business
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Economy
12/20/2023 4:53:36 PM
Egypt's General Authority for Supply Commodities (GASC) has imported 50,000 tons of raw sugar to be delivered in February 2024 amid an alarming price increase in the local market, according to a Cabinet statement on Wednesday.
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Business
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Energy
12/20/2023 3:07:59 PM
Egypt signed an agreement with Saudi Arabia’s utility developer ACWA Power to develop a green hydrogen project in the Suez Canal Economic Zone (SCZONE) with investments exceeding $4 billion, according to a Cabinet statement on Wednesday.
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World
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Region
12/20/2023 2:51:19 PM
Kuwait's new emir Sheikh Meshal al-Ahmed al-Sabah on Wednesday criticised parliament and cabinet for harming national interests as he was formally sworn in before lawmakers as the country's 17th ruler.
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Business
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Economy
12/19/2023 6:45:15 PM
Saudi Arabia’s transportation and logistics company Bahri is exploring a partnership with Egypt’s Alkahera Company for Ferries and Maritime Transport and the Suez Canal Authority (SCA) in shipbuilding and logistic services, according to a cabinet statement on Tuesday.
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Business
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Tech
12/19/2023 3:54:24 PM
The Egyptian Ministry of Telecommunications and Information Technology and the Emirati Ministry of Investment signed a memorandum of understanding (MoU) to build large data centres, according to a Cabinet statement on Monday.
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Business
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Economy
12/18/2023 1:17:07 PM
Egypt’s non-oil trade deficit shrank by 15 percent to record $9.1 billion during the third quarter of 2023, compared to $10.7 billion in the corresponding quarter of 2022, according to data released by the cabinet’s Information and Decision Support Centre (IDSC) on Monday.
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Business
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Economy
12/7/2023 10:02:54 PM
The Egyptian Ministry of Supply and Internal Trade increases the rations of subsidized sugar to families, amid a shortage felt in the market, according to a Cabinet statement on Thursday.
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War on Gaza
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War on Gaza
12/2/2023 1:36:26 PM
US Secretary of State Antony Blinken told Israel’s war cabinet that it cannot operate in south Gaza the way it has done in the north – a reference to the deadly seven weeks of air bombardment and ground operations – according to leaked remarks reported by Israeli media.
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Business
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Economy
11/28/2023 6:29:19 PM
The UAE's major logistics firm, DP World, has commenced construction on a logistics park in Egypt's Red Sea industrial and tourist hub, Ain Sokhna, with an investment of $80 million, according to a Cabinet statement on Tuesday.
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Business
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Economy
11/28/2023 5:12:05 PM
Egypt has recently entered into a memorandum of understanding (MoU) with the South Korean company STX to develop the Mediterranean port of Jarjoub and its affiliated economic logistics zone, according to a Cabinet statement on Tuesday.
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Business
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Economy
11/27/2023 6:39:26 PM
Egypt doesn’t collect the value-added tax (VAT) in foreign currency on imports but on goods and services that are typically paid for in foreign currency, said Minister of Finance Mohamed Maait on Monday, according to a Cabinet statement.
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Business
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Economy
11/27/2023 2:52:44 PM
Egypt’s General Authority for Investments and Free Zone (GAFI) announced launching the first phase of the single-window approval “Golden License” online portal in English and Arabic, according to a cabinet statement on Monday.
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Business
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Economy
11/24/2023 10:18:53 PM
Egypt and Bahrain agreed on 15 cooperation initiatives and 13 MoUs on areas including consumer protection, fighting monopoly, and industrial partnership, according to a Cabinet statement on Thursday.
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Business
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Economy
11/24/2023 11:09:25 AM
Egypt is considering selling real estate units in US dollars to foreigners and expatriates in a collaborative initiative with the private sector, according to a Cabinet statement released on Thursday.
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War on Gaza
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War on Gaza
11/21/2023 10:51:55 PM
Israeli Prime Minister Benjamin Netanyahu told his cabinet Tuesday that accepting a deal for the release of captives taken in the Hamas attacks of October 7 was "a difficult decision but it's a right decision".
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War on Gaza
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War on Gaza
11/18/2023 11:28:33 PM
Israeli Prime Minister Benjamin Netanyahu said in a televised speech on Saturday that his government is coming under increased pressure over its war in the Gaza Strip. In contrast, the defence minister announced the invasion had entered the "second phase" with no deal for those taken captive by Hamas in sight.
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Business
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Energy
11/16/2023 8:51:19 PM
The Egyptian Electricity Transmission Company (EETC) and Belgium’s Jan De Nul signed a memorandum of understanding (MoU) to study a project to export renewable energy to Europe, according to a cabinet statement on Thursday.
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Business
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Economy
11/16/2023 4:06:09 PM
Egypt signed a binding framework agreement with Global Auto to launch a car assembly project in Egypt, read a cabinet statement on Thursday.
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Business
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Economy
11/13/2023 12:43:33 PM
The Egyptian cabinet announced that it will hold a press conference soon to provide updates on the government IPO programme and future planning, said Prime Minister Mostafa Madbouly according to a statement.
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