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Egypt, China ink deal to develop drought and salt-tolerant crops

Both Egypt and China’s ministers of Agriculture signed Wednesday August 16 to collaborate on developing drought and salt-tolerant crops to overcome water scarcity and salinity in Egypt as the country confronts the major impacts of climate change, “Ahram Online” reports. Egypt’s El-Sayed El-Quseir and his Chinese counterpart Tang Renjian signed the agreement which the Egyptian […]

Egypt Emerging Markets Headlines

English Premier League to promote Egypt destination this season

The English Premier League (EPL) will this 2023-2024 season promote Egypt as a travel destination as part of the North African country’s efforts to attract more holidaymakers. The Egyptian General Authority for Tourism (EGAT) will run two-minute commercials on big electronic screens in various stadiums hosting EPL games, “Ahram Online” reports. The EGAT plans to […]

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French “Gustave Roussy National Cancer Institute” to develop public hospitals in Egypt

Egypt’s Ministry of Health signed a memorandum of understanding Wednesday August 9 with French Gustave Roussy National Cancer Institute to upgrade and raise the standards of Egyptian public hospitals, “Ahram Online” reports. The MoU will, according to the ministry, improve the quality and efficiency of public health facilities and enhance public-private partnerships in the sector. […]

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Chinese Midea Group contemplates acquiring Electrolux Group’s Egyptian Zanussi

The Chinese electrical appliance manufacturer Midea Group is considering acquiring the Swedish appliances manufacturer Electrolux Group’s Zanussi brand and its assets in Egypt, reports say. Electrolux Group announced mid last month plans to exit the Egyptian market. The company indicated that it is preparing to sell its factories in Egypt, which produce the main appliances […]

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Egypt pulls out over 460 peacekeepers from Mali as UN mission is parking out

Over 460 peacekeepers from the Egyptian combat and convoy escort battalion working for United Nations Multidimensional Integrated Stabilization Mission in Mali (MINUSMA) have pulled out of the country as the mission is preparing to complete exit by December 2023. The UN mission said the Egyptian troops “have conducted over a year convoy escorts from Gao […]

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Egypt, Turkey keen to boost trade to $15 billion over next five years

Egypt’s Minister of Trade and Industry Ahmed Samir, Tuesday August 1, as he began a trip to Turkey announced that the North African country plans to increase the volume of bilateral trade with Turkey. From $10 billion to $15 billion over the next five years. Samir’s visit (August 1-3) is the first for an Egyptian […]

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Abu Dhabi Islamic Bank Egypt appoints Egypt’s Minister of International Cooperation Rania Al-Mashat as board member

Abu Dhabi Islamic Bank Egypt (ADIB Egypt) has named Rania Al-Mashat, Egypt’s Minister of International Cooperation as a member of the board of directors. Al-Mashat, Ahram Online reports, received a special waiver from Prime Minister Mostafa Madbouly to serve in the new position while maintaining her portfolio in the Egyptian Cabinet. Abu Dhabi Islamic Bank […]

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Cairo-based Banknbox sets up HQ in Egypt

Banknbox, a financial technology (fintech) firm based in the Egyptian capital of Cairo, announced the opening of its $10 million regional headquarters in Egypt to provide an integrated platform of banking solutions, electronic payments, smart transportation tech, and digital government payment solutions, among others. Banknbox CEO and Managing Director Basem Mahmoud said the company chose […]

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Morocco, Tunisia, Egypt poised for record tourism year

Morocco, Tunisia, and Egypt are on their way to report a record tourism year in terms of revenue and arrivals as they all shed Covid-19 dust buoyed by growing demand from tourist emitting markets on Mediterranean destinations. Despite the global inflationary context and surge in ticket prices due to the Ukraine-Russia war, Egypt reported 7.7 […]

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Egypt’s Central Bank, Vietnam’s SBV ink MoU to boost cooperation

The Central Bank of Egypt (CBE) has signed a memorandum of understanding (MoU) with the State Bank of Vietnam (SBV) to bolster joint cooperation, the office of Egyptian Prime Minister Mustafa Madbouly said in a statement, on Thursday July 27. Madbouly and his Vietnamese counterpart Tran Lu Quang witnessed the deal signed in the Egyptian […]