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Maait Stresses Importance of Enhancing Contacts With Business Community
Egypt >> 10/28/2023 - Finance Minister Mohamed Maait stressed the importance of enhancing contacts with the business community to lure local and foreign investments with the objective of expanding the customs and tax servi...
Central Bank of Egypt’s Gold Holdings Decline 2.8% in September
Egypt >> 10/29/2023 - The gold holdings of the Central Bank of Egypt (CBE) declined by 2.8 percent to EGP 235.64 billion ($7.64 billion) in September from EGP 242.42 billion ($7.86 billion) in August, according to the mont...
War on Gaza Has Moderate Impact on Egypt’s Tourism: Experts
Egypt >> 10/29/2023 - The Israeli war on Gaza has had a moderate impact on tourism to Egypt, particularly in South Sinai, experts told Ahram Online.

“The impact of the war is already felt in South Sinai, which a...
French Multinational Schneider Electric Eyes Investment Expansion in Egypt
Egypt >> 10/29/2023 - 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...
SCCI Affirms Commitment to Supporting SME Owners, Developing UAE Entrepreneurial Ecosystem
United Arab Emirates >> 10/29/2023 - A meeting convened by Abdullah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry (SCCI), has shed light on the Chamber’s proven commitment to supporting owners of small and med...
Fujairah Natural Resources Corporation: Dedicated Efforts to Drive Sustainability
United Arab Emirates >> 10/29/2023 - The Fujairah Natural Resources Corporation (FNCR) is among the leading contributors to the sustainable development drive in the Emirate of Fujairah, making exceptional efforts to boost sustainability ...
Egypt Plans to Create 800,000 Jobs in FY2023/2024
Egypt >> 10/30/2023 - The Egyptian government is planning to create around 800,000 new jobs during the fiscal year, according to a report by the Ministry of Planning and Economic Development.

The new jobs will b...
Sixth Cairo Water Week Opens With Focus on Sustainability, Innovation
Egypt >> 10/30/2023 - The sixth edition of Cairo Water Week kicked off on Sunday under the theme "Action on Adaptation in the Water Sector for Sustainability," under the auspices of President Abdel-Fattah El-Sisi.

...
Real Estate Exchange A Potential Game Changer for Egyptian Property Market: Experts
Egypt >> 10/30/2023 - The Egyptian Exchange (EGX) is preparing to launch a real estate exchange within four months, which will boost the local market, encouraging small investors in the sector and offering a new financing ...
Egypt's Approval of Property Ownership by Foreigners Boosts Real Estate Sector: Report
Egypt >> 10/30/2023 - Egypt's efforts to open up residential property ownership to foreign individuals have yielded success in the third quarter of 2023 (3Q 2023).

A report by JLL MENA, a prominent property cons...
Egypt, Venezuela Probe Promoting Co-Operation in Oil, Petrochemical Sectors
Egypt >> 11/7/2023 - Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla, discussed with Venezuela Foreign Minister Yvan Gil Pinto, and his accompanying delegation, prospective cooperation between the two ...
Egypt to Launch 1st Electronic Auction for Gold And Silver Next Week
Egypt >> 11/7/2023 - The Assay and Weights Administration (AWA) of Egypt is planning to hold its first electronic auction for gold and silver, scheduled to take place next week.

According to a statement the auc...
Transportation Minister: No Going Back from Localizing Industries in Egypt
Egypt >> 11/7/2023 - Minister of Transport Lieutenant General Engineer Kamel Al-Wazir that the Suez Canal Economic Zone hosts the first real factory for railway industries in partnership with the private sector and the So...
Suez Canal Authority to Set Up Joint-Stock Company for Modern Boats
Egypt >> 11/8/2023 - The cabinet, under Prime Minister Mostafa Madbouli, has approved a draft decree on granting a license to the Suez Canal Authority to participate in establishing a joint-stock company called the "Suez ...
Egypt Extends Grace Period for Unlawful Foreign Residents
Egypt >> 11/8/2023 - 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 .

Based on the recent deci...
Egypt Forecasts LE70B in Revenues from IPO Program By End of Fiscal Year
Egypt >> 11/8/2023 - Egypt is projecting revenues of up to LE 70 billion from the government’s initial public offering (IPO) program, equivalent to 0.6 percent of the gross domestic product (GDP), in the current fiscal ye...
PM Reviews Efforts of Gov Complaint System to Meet Citizens Needs in Oct
Egypt >> 11/8/2023 - Egypt’s Prime Minister Moustafa Madbouli asserted the necessity of exerting strenuous efforts to examine all citizens’ complaints, with a view to meeting citizens’ needs and removing all obstacles bes...
Transport Min, Witnesses Signing Agreements on Sidelines of Transmea2023 Exhibition
Egypt >> 11/8/2023 - Minister of Transport Kamel el-Wazir witnesses the signing of a number of agreements and Memorandum of Understanding (MoU) during the 5th edition of the Smart Transport, Logistics, Infrastructure and ...
Planning Minister, Standard Chartered Bank Team Meet to Discuss Enhancing Co-Operation
Egypt >> 11/8/2023 - Hala El-Said , Minister of Planning and Economic Development, held a meeting with the Standard Chartered Bank [British multinational bank]team, which obtained a new license to operate in the Egyptian ...
Maait: Tapping New Vistas to Boost Trade Ties Between Egypt, Turkey
Egypt >> 11/8/2023 - Finance Minister Mohamed Maait underscored the importance of tapping new vistas of boosting trade relations with Turkey, which is considered the sixth largest destination of Egyptian exports, estimate...

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