Day: November 1, 2023

Egypt’s food industry exports increased by 14% in the first nine months of 2023, reaching $9.3bn, compared to $4.3bn in the same period of 2022. This is the highest value ever recorded for Egyptian food exports in this period. According to the monthly report from the Food Export Council, the…

Elsayed Elkosayer, the Minister of Agriculture and Land Reclamation, announced that the release of animal feed supplies, such as maize and soybeans, will continue in coordination with the Central Bank of Egypt (CBE). He said that from 20 to 26 October of this year, 121,000 tonnes of these supplies, worth…

The 26th edition of the Arab-African Investment and International Cooperation Conference kicked off on 30 October in Sharm El-Sheikh, under the auspices of the Egyptian Cabinet and the Arab League. The theme of the event is “Youth as the Axis of Development – Opportunities and Challenges.” The event is held…

Dell Technologies announced new additions to its Dell Generative AI Solutions portfolio, enabling businesses to transform their workflows with generative AI (GenAI). GenAI is a branch of artificial intelligence that can create novel data, such as images, text, or code, based on existing data. “GenAI requires the right combination of…

Rania Al-Mashat, Minister of International Cooperation, met with the Director General of the Korea Economic Development Cooperation Fund (EDCF) for Africa and a representative of the Export-Import Bank of Korea (Korea Eximbank) to strengthen the cooperative relations with Korea and follow up on the status of the ongoing projects. They…

Egypt’s Minister of Petroleum and Mineral Resources Tarek El Molla and the International Energy Agency (IEA) Executive Director Fatih Birol signed a joint work programme to support Egypt’s transition to a low-carbon economy, diversify its energy mix, and enhance its carbon capture and storage (CCS) projects. The signing ceremony was…

The Central Bank of Egypt (CBE) has received a loan worth 7 billion yuan, equivalent to $956.61m, from the China Development Bank (CDB). The CDB announced in a press release on Tuesday that the loan agreement was signed at the third session of the Belt and Road Initiative Forum, which…

Egypt’s Minister of Trade and Industry Ahmed Samir met with a delegation from Turkish Tumosan, a company that specializes in various fields such as agricultural tractors, textiles, sugar, waste management, electric generators, ship engines, and forklifts. The delegation was led by Bulent Polat, a member of the company’s executive directors…

The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has implemented the state’s strategy to develop and build Sinai and create a conducive environment for the growth of small projects. The agency provides various forms of financial and technical support to project owners, helping them to grow and develop their…

Egypt’s Finance Minister Mohamed Maait met with Al-Shahat Ghatouri, the head of the Customs Authority, to discuss the progress of the initiative that aims to make it easier for Egyptians living abroad to import tax-free cars. The initiative was extended for three more months, and the online application started receiving…