Tag: Egypt

AfDB to support private sector development program in Egypt

January 1, 2025

The African Development Bank (AfDB) will support the first phase of Egypt’s Private Sector Development and Economic Diversification Program. This comes under a $131 million ... Read More

Employment in Egypt navigates technological disruption

December 26, 2024

The Information and Decision Support Center (IDSC) of the Egyptian Cabinet has released a report analyzing the future of employment, focusing on the transformative impact ... Read More

Uzbekistan sets $500M trade goal with Egypt, signs six key cooperation agreements

December 24, 2024

Uzbekistan and Egypt have taken a major step in bolstering their bilateral relations, signing six pivotal cooperation agreements during the 7th Session of the Joint ... Read More

Africa’s diaspora remittances to grow 5,4% in 2024, market set to reach $500bn by 2035

December 24, 2024

Remittances to Africa and the Middle East, which play a pivotal role in many regional economies, significantly contributing to their GDP, are estimated to have ... Read More

Egypt to invest $748.5M in drilling 46 new oil and gas wells

December 17, 2024

The Egyptian Government plans to drill 46 new oil and gas wells this fiscal year, with an investment of $748.5 million. Minister of Petroleum and ... Read More

Egypt: Parliament approves $500M financing deal with Abu Dhabi Exports Office to support wheat imports

December 16, 2024

The Egyptian House of Representatives officially approved on Dec.15 a key financing agreement between the Egyptian Government and the Abu Dhabi Exports Office (ADEX). This ... Read More

Apple Pay debuts in Egypt with initial partnership with three banks

December 11, 2024

Apple Pay, Apple’s mobile payment and digital wallet service, has officially launched in Egypt, December 10, marking a major milestone in the nation’s digital payment ... Read More

Egypt to add 18,550 MW of solar and wind energy to its power grid by 2030

December 10, 2024

The Egyptian New and Renewable Energy Authority has released a report on its official website detailing the private sector's involvement in the development of electricity ... Read More

Egyptian army takes control of commodities imports

December 9, 2024

Egypt’s army has replaced a supply firm to take full control of the imports of strategic commodities such as wheat, in a move that highlights ... Read More

Egypt to announce new gold exploration tender in early 2025

December 7, 2024

The Egyptian Ministry of Petroleum, led by Minister Karim Badawi, is set to launch a new gold and associated minerals exploration bidding process in the ... Read More