cairo, gmt + 2

8 August

Tuesday, 2023


Magazine Egypttoday February 2022 / March 2022

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Egypt's "Golden License" strategy sparks investment renaissance

Tue, 08 Aug 2023 - 08:52 GMT

Ezz elaborated that Egypt is resolutely enhancing the business environment.

Revving Up: Egypt's auto industry accelerates with new fund, council

Tue, 08 Aug 2023 - 08:42 GMT

Egypt announces groundbreaking fund and council to drive innovation in the environment-friendly automotive sector.

Egypt sets strategies to lure investments into specific sectors: GAFI chairman

Mon, 07 Aug 2023 - 05:32 GMT

Chairman of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba told press Monday that strategies are being set to bolster specific sectors.

Top 10 developers generate LE168B sales in H1 with 88% annual increase

Mon, 07 Aug 2023 - 02:59 GMT

The driving force behind this growth can be attributed to the devaluation of the Egyptian pound against the US dollar, prompting individuals to secure their funds through more stable investment avenues, capitalizing on the potential for price appreciation.

Beltone Financial Holding receives approval for acquisition of Cash for Microfinance Company

Mon, 07 Aug 2023 - 02:47 GMT

The approval was granted in accordance with the decision of the FRA's Board of Directors No. 53 of 2018 and its amendments, as well as the decision of the specialized committee of the FRA dated August 6 of this year.

EGX flags in green for 2nd session in row

Mon, 07 Aug 2023 - 02:33 GMT

The benchmark EGX30 rose 0.80 percent, or 141.99 points, to end at 17,839.48 points.

Japanese Otsuka establishes LE1.2B new plant in Egypt

Mon, 07 Aug 2023 - 02:08 GMT

Mohamed Abdel Karim, Chairman of the IDA, stated that the expected investments for the project exceed LE 1.2 billion to produce health supplements using the latest global technologies.

Trade exchange bet. Egypt, Jordan reaches $980.4M in 2022

Mon, 07 Aug 2023 - 01:51 GMT

Egypt’s exports to Jordan rose 24 percent during 2022, reaching $726.5 million during 2022, compared to $711.1 million during 2021.

Egypt receives 600 KG of duty-free gold within 3 months

Mon, 07 Aug 2023 - 01:46 GMT

Farag added that the initiative has helped the Egyptian economy and stabilized gold prices.

Midea Group considers the acquisition of Electrolux Group’s Zanussi

Mon, 07 Aug 2023 - 12:45 GMT

If confirmed, the acquisition deal is expected to be finalized by the fourth quarter of 2023, according to the source, who further added that Zanussi’s sales, maintenance, and technical support operations in Egypt would not be affected.


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