Egypt's Central Agency for Public Mobilisation and Statistics (CAPMAS) has announced on Tuesday that the number of tourists has increased by 85.4 percent to reach 4.9 million tourists during the first half of 2022.
Egypt regained about 80.4 percent (...)
Against all expectations and unlike many central banks worldwide, Egypt's central bank (CBE) decided on Thursday to keep its key interest rates unchanged for the third time in a row.
The CBE kept its rates on hold at its last two meetings, on June (...)
Shipping group A.P. Moller-Maersk is planning a new project in Egypt to establish a network to produce and distribute green energy and clean fuels for ships.
Maersk Chief Executive Soren Skou discussed with Egypt's President Abdel Fattah al-Sisi (...)
Egypt's Suez Canal Authority (SCA) has announced that it will raise the transit fees by 15 percent for ships passing through the canal in 2030, according to its statement on Saturday.
This step is due to the current global inflation rates that have (...)
Egypt's cabinet has approved initially on Wednesday a partnership agreement between the Egyptian Coinage Authority and the British Royal Mint to establish British-Egyptian mint in the Suez Canal Economic Zone (SCZone), alongside issuing and minting (...)
Egypt's revenues from the Suez Canal surged 32.4 percent year-on-year to $744.8 million in August.
In August 2021, revenues stood at $562.7 million.
The number of vessels flowed through the waterway during August rose 12.8 percent year-on-year to (...)
The General Authority of Suez Canal Economic Zone (SCZone) expects to sign around $25 billion worth of green energy deals at the UN climate change summit COP27, which Egypt will be hosting this November.
Of the 16 memoranda of understanding signed (...)
Egypt-centered Mediterranean Energy Partners (MEP) has signed on Thursday a preliminary agreement to set up a green hydrogen and ammonia production project in Suez Canal city of Ain El-Sokhna.
The plant will be built over 100,000 square metres to (...)
British firm Actis, which is the largest private capital investment firm in Africa, signed on Thursday a memorandum of understanding to set up a green hydrogen and ammonia development project in Egypt.
The industrial facility will be built in Ain (...)
Indian renewable energy firm ACME Group signed on Thursday a preliminary agreement to build a green hydrogen industrial complex in Egypt.
The complex will be built in Ain El-Sokhna over 4.5 million square metres to produce 2.2 million tons of green (...)
Africa-focused independent power producer (IPP) Globeleq announced on Monday a new project that envisages the creation of a 3.6-GW green hydrogen production hub powered by 9 GW of wind and solar capacity in Egypt.
The company said it aims to (...)
Saudi Arabia's Alfanar Co. signed on Thursday a preliminary agreement to set up a large-scale green hydrogen project in Egypt.
Alfanar signs a memorandum of understanding to build a $3.5 billion green hydrogen production plant in Egypt
The estimated (...)
UAE firm K&K signed on Thursday a preliminary agreement to set up a green hydrogen production project in Egypt.
The plant will be built in Ain El-Sokhna to produce 230,000 tons of green hydrogen per year.
Tajeddine Seif, chairman and owner of K&K (...)
UAE firm Alcazar Energy has signed on Thursday a preliminary agreement to build an industrial facility for the production of green hydrogen in Egypt.
The project will be built over 37,000 square metres in Ain El-Sokhna to produce up to around (...)
Egypt's National Authority for Tunnels (NAT), South Korea's Hyundai Rotem Alliance, and National Egyptian Railway Industries Company (NERIC) have signed a contract to localise 320 railway cars with 40 trains for 12 billion Egyptian pounds ($656 (...)
Egypt's Supply Ministry's Internal Trade Development Authority (ITDA), Suez Governorate, and the United Company of Pharmacists (UCP) have signed award contracts to establish a logistic area for drug storage with 500 million pounds ($26.1 (...)
صرح الدكتور ناصر مندور رئيس جامعة قناة السويس، أن الأحد 21 أغسطس أول أيام الكشف الطبى للطلاب المستجدين بالإدارة العامة للخدمات الطبية بجامعة قناة السويس والذى يستمر حتى نهاية شهر سبتمبر القادم.
اقرأ أيضا | 96.5 % نسبة النجاح ببكالوريوس التمريض (...)
Egypt's New and Renewable Energy Authority (NREA) revealed on Tuesday the implementation of a 20-MW solar power plant in Hurghada with $85 million loan from the Japan International Cooperation Agency (JIKA).
NERA's sources said that the project (...)
Al Ahli Bank of Kuwait–Egypt (ABK-Egypt) has on Monday celebrated in the International Youth Day in "Matrix club in Tanta and Suez sporting club in Suez, under the auspices of Central Bank of Egypt (CBE).
Stemming from its belief in the importance (...)
Egypt's Suez Canal Authority (SCA) announced and Maersk International Group have signed a $500 million deal to develop the Suez Canal Container Terminal (SCCT) in East Port Said, according to authority's statement on Thursday.
SCA's statement (...)
GIG Insurance – Egypt has appointed Egyptian investment bank Prime Holding as a financial advisor in a deal to buy shares of AIG Egypt, sources with knowledge told Amwal Al Ghad on Wednesday.
Deloitte was named as financial auditor for the deal, the (...)
Egyptian Cabinet has approved to establish a separate fund to manage Suez Canal's revenues, as its headquarters will be in Ismailia governorate, according to the Cabinet's statement published in July 20.
The fund aims to contribute in the (...)
Egypt's Gulf Insurance Group (gig-Egypt) has submitted a compulsory purchase offer on the shares of AIG Egypt Insurance' capital with 196.96 million pounds ($238 million), the Financial Regulatory Authority (FRA) announced on Tuesday.
FRA explained (...)
Egypt's Suez Canal recorded its highest monthly revenues to date in July to $704 million, reaping $629 million in ship transit fees, said the canal's authority chairman Osama Rabie on Tuesday.
The monthly revenues in July were 32.4 percent higher (...)
Remittances from expatriate Egyptians rose 2.1 percent year-on-year during the period between July 2021 and May 2022, the central bank said on Sunday.
Remittances recorded $29.1 billion in the July 2021 and May 2022 period from $28.5 billion in the (...)
