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Nigeria, South Africa, Egypt make up half of Africa’s $2.7trn economy
The economies of Nigeria, South Africa, and Egypt – make up about half of Africa’s economic output measured by Gross Domestic Product (GDP) in nominal terms.
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Geyushi Motors, Shandong Group partner for bus manufacturing in Egypt
Minister of Trade and Industry Nevine Gamea has witnessed the signing of two cooperation agreements between Geyushi Motors and the Chinese Weichai Holding Group, one of the Shandong International…
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Egypt almost completes development of 20 industrial zones at EGP 2.8bn
Egypt’s Minister of Trade and Industry Nevine Gamea has stated that the government almost completed the development of 20 industrial zones in Upper Egypt at a financial cost of about EGP 2.8bn, with…
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Egypt’s e-commerce transactions to reach EGP 80 billion in 2021, EJB
The e-commerce transactions in Egypt seen recording 80 billion Egyptian pounds ($5.1 billion) by the end of 2021, said Sherif Makhlouf, an Egyptian Junior Businessmen Association (EJB) member.
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Samih Sawiris to step down as Orascom Development Holding chairman
Egyptian business tycoon Samih Sawiris will step down and will not stand for re-election as chairman of Orascom Development Holding (ODH) during next annual assembly meeting in spring 2022,ending a…
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Egypt achieved economic boom in past seven years, Maaait
Egypt has achieved an economic boom over the past seven years that enabled the country to become more resilient in the face of domestic and global shocks, especially amid the ongoing COVID-19 crisis,…
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Egypt announces tax exemptions to boost economic growth
Egypt has announced a set of tax exemptions aiming to support the industrial sector and boost economic growth. Amendments were made to the Value Added Tax (VAT) Law under the directives of President…
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Ezz Steel to buy 18% of Egyptian Steel for EGP 2.5bn
Ezz Steel – Alexandria will buy 18% of the total equity in the Egyptian Steel Group from Ahmed Abou Hashima, the founding partner.
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Orange Egypt, German Development Cooperation open 7th Orange Digital Center in Africa and Middle East
Orange and the German Development Cooperation inaugurated the 7th “Orange Digital Center” (ODC) in the heart of Cairo, an ecosystem highly dedicated to the development of digital skills and innovation…
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Egypt is a key LNG supplier to Turkey in Q4 – S&P Global data
Egypt has emerged as a key supplier of liquefied natural gas (LNG) to Turkey, with seven cargoes had been shipped so far in the fourth quarter, according to data from S&P Global Platts Analytics…
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