British energy company Harbour Energy has signed on Sunday an agreement to finalise the acquisition of Wintershall Dea's upstream assets in Egypt, as per a Cabinet statement.
Yasseen Mohamed, Executive Managing Director of the state-run Egyptian (...)
Marie Louis Bishara, President of the Readymade Garment Export Council, recently announced impressive growth in Egypt's ready-made garment exports. From January to April 2024, the sector's exports surged to $856m, a substantial increase compared to (...)
Sherif Al-Sayyad, Chairperson of the Engineering Export Council of Egypt, has announced a remarkable 32.3% surge in engineering exports from January to April 2024, reaching a historic high of $1.673bn, compared to $1.264bn during the same period in (...)
Algeria recently hosted dozens of young beneficiaries from the Micro, Small, and Medium Enterprise Development Agency (MSMEDA) who showcased their handicraft and heritage projects at the 25th edition of the Salon International de l'Artisanat (...)
The US Embassy in Cairo hosted a celebration at the American University in Cairo to mark the 248th anniversary of American independence. The event brought together Egyptian government officials, diplomatic representatives, and business leaders.
In (...)
Egyptian Foreign Minister Sameh Shoukry met with his Greek counterpart Georgios Gerapetritis in Athens on Monday, discussing bilateral relations and regional developments, including the ongoing crisis in Gaza.
The meeting, held at the Greek Ministry (...)
Bassil Rahmi, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), emphasised the agency's commitment to supporting owners of MSMEs and assisting them in developing and upgrading their products for export. This strategic focus (...)
The trade volume between Egypt and Arab countries reached $26 billion in 2023, down from $29.5 billion in 2022. Egypt's exports to Arab countries increased to $13.6 billion in 2023 down from $12.5 billion in 2022, while imports fell to $12.4 billion (...)
Mohamed Maait, Egypt's Minister of Finance, has reaffirmed the government's unwavering commitment to securing accessible financing from international development partners for the private sector. This initiative aims to provide the necessary (...)
Egypt is exploring the merger of its Petroleum and Electricity and Renewable Energy ministries into a single entity, Mohamed Fouad, Secretary General of the Egyptian Gas Association revealed on Wednesday.
Speaking at the Invest in African Energy (...)
In preparation for the upcoming 33rd Arab League Summit, Arab foreign ministers, including Egypt's Sameh Shoukry, gathered in Bahrain to finalize the summit's agenda. The meeting emphasized the Palestinian cause, the Arab-Israeli conflict, and (...)
Egypt's Minister of Foreign Affairs Sameh Shoukry met with Turkish President Recep Tayyip Erdogan in Istanbul on Saturday. During the meeting, the two parties exchanged views on a number of regional and international files, the most prominent of (...)
Egypt's Finance Minister, Dr. Mohamed Maait, stressed the detrimental impact of Africa's financing gap on development investment rates. He emphasised the need for debt alleviation to achieve developmental and climate goals across African nations, (...)
The proposed Africa Energy Bank, poised to focus on oil and gas investments continent-wide, plans to commence operations later this year with an initial $5 billion capital, according to Reuters citing a senior official as saying on Wednesday.
The (...)
Engineering Export Council of Egypt (EEC) announced an increase in engineering industries exports in February 2024, recording the highest monthly figure in the history of engineering exports, reaching $459m, compared to $345m in February 2023.
The (...)
The European Union (EU) is preparing a €7.4b aid package for Egypt to support its economy and address potential financial challenges exacerbated by conflicts in Gaza and Sudan, Financial Times reported on Wednesday.
European Commission president (...)
Trade and Industry Minister Ahmed Samir reported a significant 6% growth in Egypt's merchandise exports for January and February 2024, reaching a total of $6.12bn. This marks an increase from the $5.8bn, recorded during the same period in 2023.
The (...)
Egypt's commodity exports increased by six per cent growth during January and February of 2024, reaching $6.121 billion compared to $5.764 billion in the same period in 2023, the Cabinet announced on Monday.
The report identified Turkey as the top (...)
Hassan Allam Holding, a leading construction and engineering group in Egypt, has inaugurated its new regional headquarters in Saudi Arabia, as part of its strategic plan to grow its presence across the Middle East and Africa. The launch marks a (...)
The Engineering Export Council of Egypt announced that the exports of engineering industries increased by 25.4% in January 2024, reaching $348m, compared to $277.7m in January 2023.
The council stated that the most prominent sectors that saw an (...)
Egypt's Foreign Minister Sameh Shoukry emphasised the importance of the "political consultation mechanism" as a framework that brings Egypt and the Gulf Cooperation Council (GCC) countries closer and creates opportunities for partnership and (...)
Minister of Trade and Industry Ahmed Samir called on the business community in Arab and Turkish countries to use their strong political ties to boost economic cooperation in various sectors, such as joint manufacturing, integration of inputs, (...)
قناة النجع تعتبر واحدة من القنوات الرائدة التي تقدم محتوى فريدًا للجماهير، سواء داخل ليبيا أو في جميع أنحاء العالم، تقدم مجموعة متميزة من البرامج تشمل تغطية شاملة لأحداث ليبيا، بالإضافة إلى برامج ترفيهية متميزة، وبفضل ذلك، اكتسبت القناة قاعدة (...)
A delegation of Egyptian businesspeople and 15 Egyptian companies from the sectors of household appliances, tableware, kitchenware, electrical appliances, auto spare parts, agricultural machinery, and electrical industries of cables and generators, (...)
Egypt's trade balance deficit fell by 68 per cent in January 2024, a significant improvement, the Egyptian Cabinet said in a statement on Tuesday.
The statement said that the Egyptian commodity exports surged to $3.12 billion in January 2024, up (...)