Egypt’s gold reserves rise by $2.2bn in 2024
The Central Bank of Egypt (CBE) has reported a $2.2bn increase in the value of gold included in the country's foreign exchange reserves in 2024, bringing the total to $10.644bn…
Smuggling threatens EGP 4.5bn investments in Egypt’s mobile market: Importers Division
Matti Beshay, Head of the Trade Committee at the Importers Division of the Federation of Egyptian Chambers of Commerce (FEDCOC), has issued a stark warning about the dangers posed by…
Electricity Minister discusses boosting renewable energy investments with UAE’s AMEA Power
During the 15th General Assembly of the International Renewable Energy Agency (IRENA) and the Abu Dhabi Sustainability Week Summit, Mahmoud Esmat, Egypt’s Minister of Electricity and Renewable Energy, met with…
Brevan Developments launches Lake House project in Obour City with EGP 1.5bn investment
Brevan Developments has unveiled its latest project, Lake House, in Obour City, with a total investment of EGP 1.5bn. This launch is part of the company’s broader strategy to introduce…
Nile Developments launches 2nd phase of Nile Boulevard with EGP 2.5bn sales target
Nile Developments has officially launched the second phase of its flagship Nile Boulevard project in New Cairo, named Francia, with a EGP 2.5bn sales target. Mohamed Taher, Chairperson of Nile…
Investment Minister reviews progress on Chinese linen factory project in Egypt
Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, held a comprehensive meeting with executives from Kingdom Holding, one of China’s leading linen manufacturers. The meeting, attended by Ren Weiming,…
90% of Egypt’s Great Transfiguration in Saint Catherine completed
Prime Minister Mostafa Madbouly chaired a meeting on Sunday to review the progress of the Great Transfiguration project in Saint Catherine, South Sinai, with the participation of several ministries and…
New mechanism introduced to oversee implementation of tax facilitation measures
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), convened a meeting with sector heads, regional directors, tax center managers, and advisors at the authority's training center to discuss…
70 Palestinian children killed in Gaza in just 5 days amid ongoing Israeli aggression
The Civil Defence Authority in Gaza reported on Sunday that repeated Israeli shelling over the past five days has resulted in the deaths of 70 Palestinian children. In addition to…
Egypt’s external debt decreases by $11.8bn in FY24: CBE
The Central Bank of Egypt (CBE) has reported a significant decrease in the country’s external debt, which fell by $11.8bn during the fiscal year (FY) 2023/2024. As of June 2024,…
