Egypt, trade hits $1.5bn with Greece, $217m in with Cyprus

The Central Agency for Public Mobilization and Statistics has reported that trade between Egypt and Greece reached $1.5bn during the first 11 months of 2024, a decrease from the $1.8bn recorded during the same period in 2023. This data was released in conjunction with a trilateral summit in Cairo between…

Egypt’s October 2024 trade deficit drops by 16%

The Central Agency for Public Mobilization and Statistics (CAPMAS) has released its monthly Foreign Trade Data for October 2024, revealing a 16% decrease in the trade deficit compared to the same month last year. In October 2024, Egypt’s trade deficit stood at $3.66bn, down from $4.36bn in October 2023. This…

Biometric Scan and Artificial Intelligence: Endgame of Fears and Doubts

Biometric scans, which utilize unique physical characteristics to identify individuals, have become increasingly prevalent in our daily lives. From unlocking smartphones to securing airports, these technologies offer a convenient and secure way to verify identity. However, the true potential of biometric scans lies in their integration with artificial intelligence (AI).…

Egypt to pay US$1 billion in foreign oil companies dues

According to informed sources, the Egyptian government is heading towards paying one billion dollars in dues of foreign oil companies this January. Egyptian Finance Minister Ahmed Kouchouk announced in recent press statements that the government has paid 25 to 30 percent of the arrears of foreign partners in the petroleum…
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