Economy

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  • Category : Economy
  • EECE: Egyptian engineering exports up by 19% in January-April 2025

    Date: 2025-05-29 12:09:00 GMT - Egypt - Economy - SN:34 - ID:11199022

    CAIRO, May 29 (MENA) - Engineering exports grew by 19% in January-April 2025 to record USD 2.1 billion, compared with USD 1.7 billion during the same period in 2024, a report by the Engineering Export Council of Egypt (EECE) said Thursday. The ....

  • Egypt, Belarus explore joint tractor production, grain storage projects

    Date: 2025-05-29 12:04:02 GMT - Egypt - Economy - SN:32 - ID:11198999

    CAIRO, May 29 (MENA) – Egypt and Belarus are seeking to deepen industrial cooperation, including a proposed joint venture to locally manufacture Belarusian MTZ tractors for agricultural reclamation, Deputy Prime Minister for Industrial Development ....

  • Suez Canal Authority reaffirms safety measures amid rising insurance costs

    Date: 2025-05-29 11:58:49 GMT - Egypt - Economy - SN:29 - ID:11198994

    ISMAILIA, Egypt, May 29 (MENA) – Egypt’s Suez Canal Authority (SCA) said it remains fully committed to ensuring navigational safety and maintaining a secure transit environment, as maritime safety indicators show improved performance, including a ....

  • Egypt preparing to join 2025 China SME Fair as guest of honor, showcasing 88 enterprises

    Date: 2025-05-29 11:55:22 GMT - Egypt - Economy - SN:27 - ID:11199008

    CAIRO, May 29 (MENA) – Egypt will be the guest of honor at the 20th China International SME Fair (CISMEF) in Guangzhou from June 27–30, 2025, and is preparing itself for the event under a cooperation agreement signed Thursday between the Micro, ....

  • Egypt’s drug authority, Sanofi discuss local production, strategic medicine access

    Date: 2025-05-29 11:50:15 GMT - Egypt - Economy - SN:26 - ID:11199176

    CAIRO, May 29 (MENA) – The Egyptian Drug Authority (EDA) and pharmaceutical giant Sanofi discussed expanding cooperation on localizing drug manufacturing and ensuring the availability of strategic medicines, the EDA said in a statement on ....

  • IT minister: 'Digital Pioneers' initiative is open to all youths with no conditions

    Date: 2025-05-29 11:44:35 GMT - Egypt - Economy - SN:24 - ID:11199040

    CAIRO, May 29 (MENA) - Minister of Communications and Information Technology Amr Talaat confirmed that his meeting with President Abdel Fattah El Sisi focused on the latest developments in the “Digital Pioneers” initiative, which represents a ....

  • CBE's governor congratulates Khaled Sherif for becoming Executive Director for Egypt, Djibouti at AfDB

    Date: 2025-05-29 11:36:44 GMT - Egypt - Economy - SN:20 - ID:11199045

    CAIRO, May 29 (MENA) - Hassan Abdalla, the Governor of the Central Bank of Egypt and Egypt’s representative at the African Development Bank Group (AfDB), congratulated Khaled Sherif on his election as Executive Director for Egypt and Djibouti at the ....

  • Orange Egypt secures $80 mln loan from EBRD, Banque Misr to launch 5G services

    Date: 2025-05-28 20:54:01 GMT - Egypt - Economy - SN:58 - ID:11198235

    CAIRO, May 28 (MENA) – Orange Egypt has secured a joint loan of $80 million from the European Bank for Reconstruction and Development (EBRD) and Banque Misr to support its 5G license acquisition and network development. The financing includes €39 ....

  • Egypt to receive first shipments from Cyprus' Cronos gas in 2027: Petroleum min.

    Date: 2025-05-28 20:53:52 GMT - Egypt - Economy - SN:57 - ID:11198201

    CAIRO, May 28 (MENA) – Egypt is expected to receive its first natural gas shipments from Cyprus' Cronos gas field as early as 2027, Minister of Petroleum and Mineral Resources Karim Badawi said, describing the agreement signed in this regard as ....

  • 12 deals signed at $631M total investments: Petroleum min.

    Date: 2025-05-28 18:52:22 GMT - Egypt - Economy - SN:55 - ID:11198199

    CAIRO, May 28 (MENA) - Minister of Petroleum and Mineral Resources Karim Badawi announced Wednesday the signing of 12 agreements in FY 2024-2025, with total investments amounting to $631 million. This is part of the ministry's plans to increase ....

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