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Egypt
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Health
1/7/2025 2:56:55 PM
Egypt provided state funding for medical treatment to over 2.3 million citizens in 2024 for EGP 24.2 billion ($48 million), the Ministry of Health and Population stated on Tuesday.
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Business
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Economy
1/5/2025 6:07:32 PM
The Financial Regulatory Authority (FRA) announced Sunday that the value of leasing finances in Egypt increased to EGP 47.4 million in the first 10 months of 2024, compared to EGP 37.9 million during the same period in 2023.
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Business
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Economy
12/31/2024 6:48:32 PM
The total overall budget deficit decreased by EGP 92 billion (14.1 percent) to EGP 560.6 billion from July to November 2024/2025, down from EGP 652.7 billion during the same period in 2023/2024, according to the Ministry of Finance's monthly report published on Tuesday.
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Business
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Markets & Companies
12/31/2024 5:17:14 PM
The Egyptian Exchange (EGX) indexes went up Tuesday at the last trading session in 2024.
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Business
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Economy
12/31/2024 5:15:38 PM
Private investments reached EGP 133.1 billion at constant prices in the first quarter (Q1) of FY2024/2025, approximately 63.5 percent of total investments, registering a 30 percent growth rate compared to Q1 of FY2023/2024, according to data published by the Ministry of Planning, Economic Development, and International Cooperation on Tuesday.
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Business
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Tech
12/31/2024 4:03:39 PM
The Egyptian Customs Authority (ECA) has unveiled a new mobile application, dubbed Telephony (MY Phone), to facilitate the registration of mobile phones imported from abroad.
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Egypt
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Society
12/30/2024 9:49:41 PM
The Ministry of Social Solidarity announced Monday that 4.7 million families benefited from the Takaful & Karama and social insurance cash support programmes, with cash transfers reaching EGP 41 billion in 2024, as part of its efforts to support vulnerable communities.
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Business
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Economy
12/30/2024 4:02:16 PM
Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat announced Sunday that the total investments executed in the fiscal year 2023/2024, which ended on 30 June, reached 98.5 percent of the targeted EGP 1.65 trillion.
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Business
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Economy
12/29/2024 8:56:49 PM
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir and Minister of Finance Ahmed Kouchouk announced that Egypt has allocated EGP 30 billion to fund the first phase of a new initiative to support companies in priority industrial sectors, according to a release published by the Minister of Industry and Transport on Sunday.
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Business
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Economy
12/24/2024 7:15:11 PM
The Egyptian pound exchange rate has fluctuated over the past three weeks in line with the IMF’s fourth review to reach EGP 50.97/$1 for selling and EGP 50.83/$1 for buying, marking a 0.33-percent decline, compared to EGP 51.14/$1 for selling and EGP 51/$1 for buying on Monday.
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Business
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Tech
12/24/2024 6:47:56 PM
Mideast Communication System (MCS) CEO Tarek Shabaka told Ahram Online that Egypt's cybersecurity industry is now valued at EGP 15 billion (over $295 million), its digital infrastructure is developing, and digital transformation is witnessing a boom.
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Business
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Economy
12/23/2024 4:59:12 PM
The US dollar reached its highest level on Monday against the Egyptian pound since March of this year, reaching EGP 51.14, according to the Central Bank of Egypt (CBE)’s official website.
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Business
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Economy
12/19/2024 6:09:25 PM
The Egyptian pound exchange rate rose slightly by 1.84 percent on Thursday, reaching EGP 50.98/$1, up from EGP 50.06/$1 on 5 December, according to the Central Bank of Egypt (CBE).
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Business
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Economy
12/12/2024 6:15:08 PM
The Egyptian pound exchange rate increased slightly on Thursday by 1.7 percent to EGP 50.91/$1, compared to EGP 50.06/$1 last Thursday, according to the Central Bank of Egypt (CBE).
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Egypt
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Society
12/12/2024 5:41:43 PM
Prime Minister Mostafa Madbouly inaugurated Thursday the sixth edition of the Turathna ("Our Heritage") 2024 Exhibition for Handicraft and Heritage.
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Business
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Economy
12/12/2024 1:48:02 PM
The National Egyptian Railway Industries Company (NERIC) Project Manager Ahmed El-Mofty announced that the company plans to open its factory in the East Port Said Industrial Zone by mid-2025, with an estimated total investment of approximately EGP 4.2 billion for the first phase, a cabinet statement said Thursday.
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Business
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Markets & Companies
12/9/2024 10:04:18 PM
State-owned Delta Insurance has received acquisition offers from AXA Egypt and Wafa Life Insurance Egypt, with an estimated purchase price of EGP 5 billion for the total issued share capital at EGP 50 per share, according to a statement released by the Egyptian Exchange (EGX).
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Business
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Economy
12/9/2024 7:53:14 PM
The Egyptian pound exchange rate slightly increased on Monday by 0.54 percent to EGP 50.58/$1, compared to EGP 50.31/$1 on Sunday, according to the official rates of the Central Bank of Egypt (CBE).
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Business
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Economy
12/9/2024 11:54:47 AM
The Egyptian pound exchange rate slightly increased on Sunday by 0.5 percent to EGP 50.31/$1, compared to EGP 50.06/$1 on Thursday, according to the official rates of the Central Bank of Egypt (CBE).
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Egypt
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Society
12/7/2024 2:08:02 PM
A Rolex Day-Date owned and worn by the late Egyptian President Gamal Abdel Nasser was sold at a Sotheby’s auction in New York for $840,000 (around EGP 42 million).
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