Egypt targets over 42% renewable energy by 2030 in strategy update
Egypt aims to increase the share of renewable energy in its energy mix to over 42% by 2030, with a further goal of reaching 60% by 2040, according to recent…
Al-Sisi holds talks with US, Chinese energy giants on Egypt expansion plans
Egyptian President Abdel Fattah Al-Sisi held separate meetings on Sunday with senior executives from US energy giants ExxonMobil and Apache Corporation, as well as China's state-owned chemical engineering firm CNCEC,…
Hope, high stakes: Egypt hosts pivotal Gaza peace summit in Sharm El-Sheikh
Leaders from more than 20 nations will gather on Monday in Egypt’s Red Sea resort city of Sharm El-Sheikh for a high-stakes summit aimed at forging a path toward a…
Al-Sisi calls for legally binding Nile Dam agreement as Egypt opens 8th Cairo Water Week
Egypt officially opened the eighth edition of Cairo Water Week on Sunday under the patronage of President Abdel Fattah Al-Sisi. The event, running through 16 October, brings together ministers, policymakers,…
Gold prices hold steady in Egypt despite stronger EGP: Metals Division
Domestic gold prices in Egypt extended their upward trajectory for the eighth consecutive week, buoyed by a historic surge in global gold prices, which surpassed the $4,000 per ounce mark…
Mars inaugurates $280m expansion in 6th of October City
Mars Wrigley has officially inaugurated a major expansion of its manufacturing facility in 6th of October City, with new production lines representing an investment of over $280m between 2023 and…
E-invoicing, e-receipts essential for cost verification, VAT refunds: ETA chief
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), emphasized that full compliance with the electronic invoicing (e-invoice) and electronic receipt (e-receipt) systems has become essential for businesses operating…
Digital Crafts Consulting leads global initiative to boost power plant efficiency by 40%
Digital Crafts Consulting (DC), a leading global consulting and outsourcing firm, is driving an ambitious international project to enhance power plant efficiency across Australia, Spain, and the United Kingdom. The…
CBE Governor emphasizes ongoing coordination between monetary, fiscal policies
Hassan Abdallah, Governor of the Central Bank of Egypt (CBE), has reaffirmed the importance of sustained coordination between monetary and fiscal policies, describing it as essential for maintaining macroeconomic stability…
Al-Mashat meets Alstom VP to discuss boosting French company’s Egypt investments
Egyptian Minister of Planning and International Cooperation Rania Al-Mashat has met with a senior executive from French multinational Alstom to discuss strengthening cooperation, increasing the company's investments in Egypt, and…