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Business - Economy
10/31/2023 7:27:24 PM
Egypt's food industry exports reached $3.9 billion in the first nine months of 2023, according to data released by the Food Export Council (FEC) on Tuesday.

Business - Markets & Companies
10/31/2023 4:42:58 PM
The Egyptian Exchange (EGX) indices tumbled on Tuesday with the main index losing 885 points and the market cap losing over EGP 60 billion, while gold prices increased marginally.

Egypt - Urban & Transport
10/30/2023 9:53:18 PM
Minister of Water Resources and Irrigation Hani Sewilam said on Monday that Egypt is expanding the reuse of agricultural drainage water, which stands at 21 billion cubic metres annually, to minimize water scarcity.

Business - Markets & Companies
10/30/2023 7:30:07 PM
The average daily trading value of treasury bills (T-bills) on the Egyptian Exchange (EGX) surged significantly by 37.55 percent in the first five weeks that they were available, according to EGX Chairman Ahmed El-Sheikh.

Business - Economy
10/29/2023 6:21:15 PM
The gold holdings of the Central Bank of Egypt (CBE) declined by 2.8 percent to EGP 235.64 billion ($7.64 billion) in September from EGP 242.42 billion ($7.86 billion) in August, according to the monthly balance sheet released on Sunday.

Arts & Culture - Music
10/26/2023 7:34:11 PM
A quarter of a century in the making, Greece's capital Athens on Thursday opens a museum honouring legendary soprano Maria Callas, billed as the first of its kind in the world.

Business - Economy
10/25/2023 6:00:00 PM
Egypt's Suez Canal Authority (SCA) has signed a memorandum of cooperation (MOC) with Qatari dairy producer Baladna valued at $1.5 billion to initiate projects that guarantee food security for the Egyptian population.

Business - Economy
10/23/2023 10:00:49 PM
The European Bank for Reconstruction and Development (EBRD) has mobilized $2 billion to finance development projects in Egypt during 2023, said Heike Harmgart, Regional Director for the Southern and Eastern Mediterranean Region at the bank on Monday.

Business - Markets & Companies
10/23/2023 4:53:20 PM
Egyptian medical city GYPTO Pharma and a group of local companies on Monday signed EGP 4 billion ($129.44 million) worth of contracts with Saudi Arabian Med City Pharma company to transfer drug manufacturing technology and production to the kingdom.

War on Gaza - War on Gaza
10/20/2023 6:54:04 PM
The White House on Friday released a sweeping set of proposals to bolster Israel and Ukraine in the midst of two wars as well as invest more in domestic defence manufacturing, humanitarian assistance and managing the influx of migrants at the U.S.-Mexico border.

Business - Markets & Companies
10/19/2023 3:52:14 PM
The Egyptian Exchange (EGX) indices ended Thursday with mixed performance and the market cap lost EGP 31 billion after taking unprecedented leaps mid-week. Gold prices are still rising, as the safe haven benefits from the rising geopolitical tensions.

Sports - World
10/18/2023 12:38:43 PM
Nearly a year after Manchester United opened the doors to outside investment, British billionaire Jim Ratcliffe looks set to buy a 25 percent stake in the English Premier League club.

Business - Economy
10/17/2023 5:40:04 PM
The Suez Canal Economic Zone (SCZONE) on Tuesday signed a letter of intent (LOI) and three framework agreements with Chinese companies for industrial projects with $2.75 billion in investments.

Business - Economy
10/17/2023 5:17:14 PM
Egypt's Suez Canal Economic Zone (SCZone) has signed energy agreements worth up to $14.75 billion, signalling a new era of green energy in the region, according to a statement by the Egyptian cabinet on Tuesday.

Business - Economy
10/16/2023 10:04:56 PM
The Israeli economy is set to lose more than $8 billion, or 1.5 percent of its $537 billion gross domestic product (GDP), due to its war on Gaza, according to Modi Shafrir, the chief strategist at the Tel Aviv-based Bank Hapoalim.

Business - Economy
10/16/2023 6:07:31 PM
Egypt issued on Monday the first sustainable Panda bonds in the Middle East and North Africa at ¥3.5 billion ($500 million) with a yield of 3.5 percent over three years, according to a statement by the Ministry of Finance.

Business - Economy
10/15/2023 5:37:14 PM
The Korean investments in Egypt exceeded $800 million, while the bilateral trade recorded $3.2 billion during 2022, said the Ambassador of South Korea to Egypt Kim Yonghyon on Thursday.

World - Region
10/12/2023 9:29:02 PM
The United States and Qatar officials have agreed to prevent Iran from using a $6 billion humanitarian assistance fund, following militant group Hamas's surprise attack on Israel, a news report said Thursday.

World - War in Ukraine
10/11/2023 8:42:00 PM
Ukraine is to receive 1.7 billion euros ($1.8 billion) from taxes on the interest generated from Russian funds frozen in the wake of Moscow's invasion of its neighbor, Belgium's prime minister said Wednesday.

Business - Tech
10/11/2023 5:03:17 PM
The size of non-cash transactions in Egypt is expected to increase to $27.63 billion by 2027, with an annual increase of 14.03 percent, a new report published on Wednesday by Capgemini Institution for Research revealed.

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