Spinneys, a leading supermarket chain providing quality products and services across Egypt, proudly announced the opening of its 26th branch on Wednesday March 28. The new store is strategically located at the heart of Cairo in the busy neighborhood (...)
The Egyptian Cabinet has approved an economic and social development plan for the fiscal year (FY) 2024/25, aiming for a 4.2% growth rate and a significant boost in private and green investments.
The plan, unveiled by Minister of Planning and (...)
Prime Minister Mostafa Madbouly observed the signing of a pivotal agreement between the SCZONE and Saint-Gobain Egypt Glass Alliance. This agreement, signed by SCZONE's Vice President Mohamed Abdel Gawad and Saint-Gobain Egypt Group's CEO Ahmed (...)
The Ministry of International Cooperation has disclosed key outcomes of the development cooperation programmes and projects executed in 2023. These initiatives fall under the Egypt-United Nations Sustainable Development Cooperation Framework, (...)
In a significant move to bolster Egypt's grain storage capabilities, Feerum Egypt has announced the establishment of a new factory dedicated to the design, manufacture, and construction of grain storage silos in the East Port Said region. The (...)
Egypt's cabinet greenlighted a record EGP 6.4 trillion ($135.45bn) budget for fiscal year (FY) 2024/25, prioritizing deficit reduction and increased social spending.
This marks the first time the government has presented a consolidated budget (...)
The Egyptian Tax Authority (ETA) has streamlined procedures to enhance the investment environment and support investor-driven development.
Rasha Abdel Aal, the head of ETA, announced Wednesday that value-added tax (VAT) refunds will now be processed (...)
Egypt's President Abdel Fattah Al-Sisi welcomed a US congressional delegation on Wednesday. The delegation was led by the Chairman of the Counterterrorism, Law Enforcement, and Intelligence Subcommittee, Republican Congressman August Pfluger, and (...)
Foreign Minister Sameh Shoukry of Egypt and his UK counterpart, David Cameron, underscored the importance of enforcing the UN Security Council's ceasefire resolution in the Gaza Strip during Ramadan. This was highlighted during a phone conversation (...)
To commemorate World Oral Health Day, celebrated each year on March 20th, Sensodyne, the No.1 dentist-recommended brand for sensitive teeth , partnered with the World Dental Federation (FDI) and its affiliated associations to host an awareness (...)
Savills Egypt, the local office of the leading global real estate advisor, revealed its preliminary insights on the potential effects of the Central Bank of Egypt's (CBE) recent decisions on the country's real estate sector.
These decisions included (...)
Egypt's draft budget for the fiscal year (FY) 2024/25 outlines ambitious economic targets, with a projected GDP growth of 4% and a commitment to reducing the budget deficit.
Finance Minister Mohamed Maait presented the budget to Egypt's President (...)
The Egyptian government has embarked on a plan to settle its outstanding debts with foreign oil companies operating in the country. The initiative, announced during a meeting chaired by Prime Minister Mostafa Madbouly on Tuesday, involves an initial (...)
Egypt's Foreign Minister Sameh Shoukry hosted a delegation from the Palestinian Fatah movement on Tuesday. The delegation was led by Mahmoud Al-Aloul, the movement's deputy head, and included prominent figures such as Rawhi Fattouh, Azzam Al-Ahmad, (...)
The Israeli war on the Gaza Strip continues for the 172nd day, amid violent bombardment that leaves hundreds of deaths and wounded daily, while the occupation expands its war against the health sector and hospitals in the Strip.
For their part, 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 Middle East's dealmaking landscape is set for a surge in 2024, fuelled by heightened investor interest and a focus on economic diversification and decarbonisation, according to PwC's latest TransAct report titled "Strategic growth beyond oil: (...)
Minister of Petroleum and Mineral Resources, Tarek El Molla, welcomed a delegation from Honeywell International, led by Khaled Hashem, President of Honeywell Egypt for the Middle East and Africa.
The meeting focused on exploring collaborative (...)
The Central Agency for Public Mobilization and Statistics (CAPMAS) issued the Annual Bulletin of Foreign Exchange Receipts and Payments Statistics for 2022/2023.
The total foreign exchange receipts amounted to $121.9bn in 2022/2023, a decrease of (...)
In a recent feature titled "Discover Egypt: Remarkable Destinations You Must Visit on Your Trip," News Break spotlighted a selection of Egypt's premier tourist and archaeological sites. A captivating photo report presented several must-see (...)
Cairo, Egypt's historic capital, is a treasure trove of stunning historical and archaeological sites. During Ramadan, these sites become even more special, offering visitors a chance to immerse themselves in the joy and reverence deeply rooted in (...)
Businesses across the Middle East and North Africa (MENA) are leading a global shift towards agile workforces, with the region experiencing a staggering 142% growth in freelance registrations in 2023 according to a new report by Outsized, the (...)
Concrete Fashion Group for Commercial and Industrial Investments announced the completion of its demerger process and the commencement of trading under the Reuters code "CFGH" effective today, March 24th, 2024.
The demerger, approved by the (...)
Egypt's Foreign Minister Sameh Shoukry welcomed German Foreign Minister Annalena Baerbock on Monday for comprehensive talks on the Gaza Strip's situation and the ongoing conflict. The ministers explored several regional and international matters, (...)
Hossam Haiba, CEO of the General Authority for Investment and Free Zones (GAFI), announced the review of four applications for the golden licence, which includes a logistics company among various sectors.
In a statement to DNE, Haiba noted that GAFI (...)