News

The Egyptian government offers subsidies worth 86 billion Egyptian pounds for commodities and food subsidies each year, the Minister of Supply and Internal Trade, Ali El-Moselhy, revealed.
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Capital Intelligence Ratings (CI) announced, on Friday, that it has affirmed Egypt’s Long-Term Foreign Currency Rating (LT FCR) and Long-Term Local Currency Rating (LT LCR) at ‘B+’.
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Egypt's non-oil private sector worsened for the third successive month in February, but at a softer pace from January, helped by a record increase in exports.
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Foreign Minister Sameh Shoukry stressed Egypt's belief in the importance of joint African action and diligent work to achieve peace and development in the continent.
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United Nations Secretary-General Antonio Guterres has pledged the organisation’s solidarity with Africa amid international efforts to expand the novel coronavirus (COVID-19) vaccination.
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African leaders have lauded President Abdel-Fattah El-Sisi's efforts to consolidate cooperation and solidarity among African countries and achieve peace and development across the continent.
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African natural gas consumption and production is set to become one the fastest-growing sectors globally by 2040, holding a promising future despite the ongoing challenges imposed by the COVID-19…
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Oriental Weavers Carpet logged EGP 1.11 billion in consolidated net profits during 2020, down by 29.9% year-on-year (YoY) from EGP 855.07 million, including minority shareholders’ rights.
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Ibrahim Al-Araby, head of the Federation of Egyptian Chambers of Commerce (FEDCOC), has announced a package of measures to support the tourism sector in South Sinai.
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 Egypt tops Africa in the number of equity deals for tech startups in 2020, according to The Egyptian cabinet’s Information and Decision Support Center (IDSC) new info-graph.
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