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Business
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Economy
11/12/2023 7:51:18 PM
Egyptian state entities signed an agreement with German automobile manufacturer Volkswagen to conduct a feasibility study for the East Port Said Automotive Zone (EPAZ) worth $240 million in investments, according to a Cabinet statement on Sunday.
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Business
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Economy
11/10/2023 12:12:24 PM
Egyptian government and auto manufacturing entities signed framework agreements with three local companies to cooperate in domestic car assembly, according to a Cabinet statement on Thursday.
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Business
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Economy
11/9/2023 3:38:22 PM
Egypt has approved the construction of a new private free zone in Ain Sokhna to produce feldspar and silica-free bio-quartz and lapitec panels, which have diverse industrial and decorative uses.
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Egypt
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Society
11/8/2023 9:34:20 PM
The Egyptian government has extended the grace period for foreigners residing unlawfully in Egypt to adjust their status by three months, a Cabinet statement read on Wednesday.
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Business
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Economy
11/8/2023 9:04:01 PM
Egypt seeks to collect additional revenue of EGP 70 billion ($2.27 billion) from its privatization programme during the fiscal year (FY) 2023/2024, according to a recent book released by the Cabinet’s Information and Decision Support Center (IDSC) on Wednesday.
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Business
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Economy
11/8/2023 8:38:59 PM
The Egyptian Cabinet approved on a Wednesday meeting extending the zero-custom initiative for gold imports by Egyptians abroad for six months ending on 10 May, according to a statement.
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Business
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Economy
11/8/2023 1:39:38 PM
Egypt's Supreme Council for Vehicle Manufacturing is set to sign four partnership agreements with various companies, within a few days to manufacture automobiles in the country, according to a Cabinet statement on Tuesday.
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Egypt
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Foreign Affairs
11/6/2023 11:50:00 AM
The Egyptian Ministry of Foreign Affairs slammed the call of an ultra-right Israeli minister to “drop a nuclear bomb on the Gaza Strip” as evidence of the “extent of deviation and extremism” of some decision-makers in the Israeli government.
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Business
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Economy
11/2/2023 8:10:22 PM
The Egyptian Cabinet increased the reference local wheat procurement price from EGP 1,500 to EGP 1,600 per ardeb (150 kg) for the new harvest season to incentivize farmers to supply to the state, according to a statement on Thursday.
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Egypt
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Foreign Affairs
11/1/2023 5:32:57 PM
The Egyptian Red Crescent signed an EGP 50 million cooperation protocol with the Bahraini Royal Humanitarian Foundation to alleviate Palestinians’ suffering, according to a cabinet statement on Wednesday.
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Business
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Economy
11/1/2023 1:53:20 PM
Turkey's Tumosan company is poised to build a factory dedicated to manufacturing agricultural tractors in Egypt, read a cabinet statement on Tuesday.
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Business
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Economy
10/30/2023 4:35:23 PM
Egypt relaunched the zero-customs car import initiative for expats for three months, according to a Cabinet statement on Monday.
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Egypt
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Society
10/29/2023 10:23:41 PM
Egypt extended the duration of daily power cuts as of Saturday as a result of increased gas consumption brought up by high temperatures coinciding with falling gas imports, a Cabinet statement said on Sunday.
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Business
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Economy
10/29/2023 1:58:14 PM
French Schneider Electric company plans to expand in the Egyptian market, having injected a total investment amounting to 300 million euros ($317.38 million) in Egypt over the past 35 years, according to a cabinet statement on Sunday.
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War on Gaza
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War on Gaza
10/29/2023 11:56:00 AM
Israel's war cabinet member Benny Gantz and opposition leader Yair Lapid criticized Prime Minister Benjamin Netanyahu on Sunday following his post on platform X (formerly Twitter), in which he blamed security and military intelligence heads for Hamas’ 7 October operation, Israeli media reported.
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War on Gaza
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War on Gaza
10/28/2023 9:00:17 PM
In a press conference on Saturday evening, as the Israeli army continued relentless airstrikes on 2.3 million Palestinians under its all-out blockade for three weeks straight, Israeli PM Benjamin Netanyahu said: "The war in the Gaza Strip will be difficult and we will not retreat and we will destroy Hamas."
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Business
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Economy
10/28/2023 7:06:08 PM
The National Wages Council (NWC) has approved raising the minimum wage for private sector employees from EGP 3,000 to EGP 3,500, effective 1 January 2024, according to a Cabinet statement on Friday.
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Business
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Economy
10/24/2023 7:56:05 PM
Egypt’s Cabinet approved issuing a third batch of $500 million Yen-denominated bonds, aka Samurai bonds, with a five-year tenor, according to a statement released on Tuesday.
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Business
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Economy
10/24/2023 1:40:21 PM
The Egyptian Authority for Unified Purchasing (UPA) is supplying Zambia with a total value of $24 million of pharmaceutical supplies, according to a statement by the Cabinet on Tuesday.
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Business
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Economy
10/23/2023 2:51:19 PM
Egypt's General Authority for Investment and Free Zones (GAFI) signed a memorandum of understanding (MoU) with Qatar National Bank (QNB) to promote investment in the country, according to a Cabinet statement on Monday.
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