General Authority for Suez Canal Economic Zone (SCZone) will start a promotional campaign in order to attract foreign investment.
The campaign will focus on bringing investments from BRICS countries with top priority, along with some Gulf countries, (...)
Turkish state-owned lender Ziraat Bank is considering opening a representative office in Egypt, in the latest signs of warming business ties between the former political foes.
The Turkish bank aims to establish an Egyptian branch later after getting (...)
Women's share of leadership roles in PepsiCo Egypt reached almost 40 percent, said Mohamed Shelbaya, chairman and CEO of PepsiCo Egypt and senior vice president for North Africa, on Monday.
Speaking at the second edition of She Works Wonders (...)
Egypt's gold exports grew by 45 percent reach $1.633 billion in 2022 compared to $1,126 billion in 2021, according to General Organisation for Export and Import Control report, which Amwal Al Ghad obtained a copy in Wednesday.
Egypt's exports of (...)
A delegation of Italian food and agricultural institutions and business leaders will visit Egypt within this March, said Italian Ambassador to Cairo Michele Quaroni said on Monday.
Speaking at the first edition of Cairo Food Summit, Quaroni further (...)
Egypt plans to complete selling shares of Misr Life Insurance on the stock exchange or offering them to strategic investors before the end of the first half of the year, its public enterprise minister said on Tuesday.
Minister Mahmoud Esmat further (...)
Egypt's non-oil exports surged 12 percent to $30.4 billion in the first ten months of the year compared to $27.1 billion in the same period in 2021, the trade ministry said on Wednesday.
The country's exports of chemical industries and fertilisers (...)
Kellogg's Noodles Egypt is planning to increase its business volume in the North African country by ten-fold in the coming five years.
"We aim to have a business volume worth around $500 million by 2027 from $50 million currently," a senior source (...)
French fashion label Christian Dior aims to start its operations in Egypt within the fourth quarter of 2024, Egyptian Industry and Trade Minister Ahmed Samir said on Wednesday.
The minister made his remarks after meeting with Jérôme Baudy, president (...)
Egypt's Suez Canal Economic Zone (SCZone) plans to start transition to green bunker fuel for ships crossing the canal by 2026, its chairman Walid Gamal El-Din said on Tuesday.
The SCZone is racing the time for the production of green hydrogen, green (...)
Egypt's revenues from the Suez Canal surged 32.4 percent year-on-year to $744.8 million in August.
In August 2021, revenues stood at $562.7 million.
The number of vessels flowed through the waterway during August rose 12.8 percent year-on-year to (...)
Egypt's imports of mobile phones fell 58.3 percent year-on-year to $313.3 million in the first five months of the year, a recent bulletin by the country's statistics agency CAMPAS showed.
Last year, imports of mobile phones registered $752.203 (...)
Egypt's Abu Qir Fertilizer and Chemical Industries said on Wednesday it plans to increase its exports to Latin America, especially to Brazil.
The company is one of the biggest producers of fertilisers in the Middle East, with sales reached around (...)
L'Oréal Egypt is planning new investments by next year as part of plans to achieve carbon neutrality at its factory in 10th of Ramadan City, managing director said on Monday.
Benoit Julia made his remarks at the second edition of L'Oréal Supplier (...)
Egypt-centered Mediterranean Energy Partners (MEP) has signed on Thursday a preliminary agreement to set up a green hydrogen and ammonia production project in Suez Canal city of Ain El-Sokhna.
The plant will be built over 100,000 square metres to (...)
British firm Actis, which is the largest private capital investment firm in Africa, signed on Thursday a memorandum of understanding to set up a green hydrogen and ammonia development project in Egypt.
The industrial facility will be built in Ain (...)
Indian renewable energy firm ACME Group signed on Thursday a preliminary agreement to build a green hydrogen industrial complex in Egypt.
The complex will be built in Ain El-Sokhna over 4.5 million square metres to produce 2.2 million tons of green (...)
Saudi Arabia's Alfanar Co. signed on Thursday a preliminary agreement to set up a large-scale green hydrogen project in Egypt.
Alfanar signs a memorandum of understanding to build a $3.5 billion green hydrogen production plant in Egypt
The estimated (...)
UAE firm K&K signed on Thursday a preliminary agreement to set up a green hydrogen production project in Egypt.
The plant will be built in Ain El-Sokhna to produce 230,000 tons of green hydrogen per year.
Tajeddine Seif, chairman and owner of K&K (...)
UAE firm Alcazar Energy has signed on Thursday a preliminary agreement to build an industrial facility for the production of green hydrogen in Egypt.
The project will be built over 37,000 square metres in Ain El-Sokhna to produce up to around (...)
Majid Al Futtaim Retail is planning to invest more than 750 million Egyptian pounds ($39.1 million) in Egypt by 2025, said Country Manager of Majid Al Futtaim Retail Philippe Peguilhan on Wednesday.
"By prioritising the community in which we (...)
Egypt's unemployment rate during the second quarter of the year remained unchanged from the previous quarter at 7.2 percent, the country's statistics agency CAMPAS data showed on Monday.
The number of unemployed individuals in Egypt recorded 2.151 (...)
Egypt's Suez Canal recorded its highest monthly revenues to date in July to $704 million, reaping $629 million in ship transit fees, said the canal's authority chairman Osama Rabie on Tuesday.
The monthly revenues in July were 32.4 percent higher (...)
Egypt's competition authority (ECA) has approved a request by 23 cement makers to extend cement production cuts for one additional year until July 31, 2023, senior industry sources told Amwal Al Ghad on Monday.
Last year, the ECA heeded the request (...)
India's largest renewable energy firm ReNew Power has on Wednesday signed a memorandum of understanding to build a $8 billion green hydrogen and ammonia production plant in the Suez Canal Economic zone.
ReNew Power has signed the agreement with the (...)