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Egypt, Zimbabwe seal MoU in field of low-and medium-cost housing

Egypt and Zimbabwe signed Thursday December 21 a Memorandum of understanding (MoU) in the field of low- and medium-cost housing and efficient housing at reasonable prices, using modern construction technology. Under the deal between the Egyptian and Zimbabwean Housing Ministries, the two sides will exchange expertise, information, and technical capacities to provide housing, regulatory framework, […]

Egypt Headlines Morocco

King Mohammed VI hails brotherhood, friendship binding Morocco and Egypt

King Mohammed VI has sent a message of congratulations to Abdel Fattah el-Sisi on his re-election as President of Egypt for a third term wherein he hailed the distinguished ties of brotherhood and friendship binding the two countries.   The Sovereign reaffirmed in his message determination to continue working together with the Egyptian President to […]

Egypt Headlines

Al Sisi wins third term in office with landslide victory

Egypt’s incumbent President Fattah al Sisi was declared Monday December 18 winner of “2024 presidential elections” with more than 89 per cent of votes, extending therefore his grip on power until 2030. Head of Egypt’s National Elections Authority (NEA), Hazem Badawy, at a press conference said al Sisi garnered 89.6 of total votes. Al Sisi […]

Egypt Headlines

Egypt eyes $11.5bn as annual medical tourism revenues

Egypt’s Ministry of Health and Population is targeting an annual revenue of $11.5 billion, or 10% of the global medical tourism revenues, the ministry’s spokesman Hossam Abdel Ghaffar has revealed. Ghaffar also disclosed to Al Arabiya that the North African country intends to launch an electronic platform to provide tourism services within 3 months. The […]

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Egypt’s General Authority for Investments & Free Zones takes WAIPA Regional directorship for MENA region

Egypt’s General Authority for Investments and Free Zones (GAFI) has been elected as regional director of The World Association of Investment Promotion Agencies (WAIPA) in the Middle East-North Africa region, at the 27th World Investment Conference (WIC) of the leading global body representing government agencies in charge of attracting inward investment, held in New Delhi. […]

Business Egypt

Egypt expands ban on onion exports till end March 2024

Egypt’s Premier Mostafa Madbouly prolonged Monday until March 30, 2024, the ban on onion exports in place since October as part of efforts to control soaring prices of the commodity. Madbouly announced the decision during a meeting with relevant ministers as they tried to monitor the sufficient availability and affordability of various commodities in markets […]

Egypt Emerging Markets Headlines Morocco

Egypt, Morocco to bolster cooperation in water resources sustainable management

Morocco and Egypt have signed a memorandum of understanding (MoU) providing for an enhanced cooperation in the field of sustainable management of water resources. The MoU was initialed in Dubai on Monday, on the sidelines of COP28, by the Moroccan and Egyptian Ministers of Water, Nizar Baraka and Hani Sweilem. The agreement aims to strengthen […]

Egypt Headlines

Egypt to set up yacht manufacturing company as part of yacht tourism promotion

Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats, State-run journal indicated Thursday December 7. Per the State-run media, the future company will manufacture, maintain, and export yachts and maritime units. The Suez Canal for Modern Boats will have a value of $5.1 million. It […]

Egypt Headlines

Palm Hills Developments to build $130m Ritz-Carlton Palm Hills hotel in West Cairo

Egypt’s leading developer Palm Hills has entered into an agreement with Marriott International to build a luxury hotel under the name of Ritz-Carlton Palm Hills in West Cairo with investments of $130 million, the office of Prime Minister Mustafa Madbouli has announced. The agreement was signed Monday December 4 by Mr. Yasin Mansour, Chairman of […]

Egypt Headlines

Egypt puts into orbit first domestically made EgyptSat-2 satellite

Egyptian Space Agency (EgSA) launched Monday December 4 from China, EgyptSat-2, the country’s domestically-made satellite, to serve the North African country’s sustainable development goals by utilizing space technology to enhance vital areas, including agriculture and exploration of mineral resources. “This accomplishment is part of the agreement for technical and economic cooperation between the two sides,” […]