Year: 2024

Egypt plans to list at least 10 companies on the stock market in 2025, Prime Minister Mostafa Madbouly announced at a press conference on Wednesday. Of these, four companies are affiliated with the military. The government intends to offer both direct investment opportunities and stock market listings as part of…

The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that the trade exchange between Egypt and Ireland reached $448m during the first 10 months of 2024, up from $428m in the same period of 2023, marking a $20m increase.   This announcement coincides with President Abdel Fattah Al-Sisi’s visit…

The German Agency for International Cooperation (GIZ) in Egypt has celebrated the conclusion of the first phase of the “Capacity Building through Urban Infrastructure Development” project. Funded by the German government and the European Union, the project was carried out in partnership with the Ministry of Housing and the Urban…

Ahmed El-Sobky, Chairperson of the Egypt Healthcare Authority (EHA) and Supervisor General of the Universal Health Insurance, highlighted the significant role of technology in Egypt’s modern healthcare system during the 23rd Arab Conference on “Modern Methods in Hospital Management.” The conference, organized by the Arab Administrative Development Organization under the…

Egypt and Poland convened the first session of their Joint Committee for Economic, Scientific, and Technical Cooperation in Warsaw, with the aim of strengthening bilateral ties and expanding collaboration across multiple sectors. The meeting, chaired by Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania A. Al-Mashat, took place…

Egypt’s trade deficit surged to $4.40bn in September 2024, marking a 22.8% increase from $3.58bn in the same month last year, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). In its monthly foreign trade bulletin, CAPMAS reported that Egypt’s exports rose by 10.2% in September 2024, reaching…

Amr Talaat, Egypt’s Minister of Communications and Information Technology, emphasized the pivotal role of technology in driving sustainable development during his speech at the “5G and Beyond” Forum. He stressed that the global technological transformation reinforces the necessity of advanced technologies, particularly 5G, which is not only a significant leap…

Egypt’s annual urban inflation rate eased to 25.5% in November 2024, down from 26.5% in October, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The monthly inflation rate registered a modest 0.5%, driven by a 1.9% drop in food prices compared to the previous month. Core CPI…

Raya Holding for Financial Investments has announced a strategic $15m investment in its subsidiary, Raya Data Centre (RDC), from Africa50, a pan-African infrastructure investor and asset manager. This funding, paired with an additional $10m from Raya Information Technology, brings the total investment to $25m. The funds will support the construction…

Sherif Fathy, Egypt’s Minister of Tourism and Antiquities, met with Eric Chevalier, the French Ambassador to Cairo, at the ministry’s headquarters in the New Administrative Capital to discuss enhancing Egyptian-French cooperation in tourism and antiquities. Discussions included strategies to increase inbound tourism from France and updates on joint archaeological projects.…