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7 May

Tuesday, 2024

Magazine

Magazine Egypttoday December 2023

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EGAS partners with Höegh LNG to deploy FSRU for enhanced energy security

Tue, 07 May 2024 - 11:58 GMT

According to a statement released by Hoegh LNG Holdings, the FSRU Hoegh Galleon is expected to be stationed in Ain Sokhna, Egypt, for approximately 19 to 20 months

$2bln total value of payment orders of beneficiaries of cars for Egyptian abroad initiative: Emigration min.

Sat, 04 May 2024 - 12:51 GMT

State Minister of Emigration Soha Gendy said that the total value of payment orders of those benefiting from the initiative of cars for Egyptian expats reached 2 billion dollars.

L’azurde Group’s Chairman reflects on the Company’s commitment to investment and growth in Egypt at the Group’s quarterly meeting.

Sat, 04 May 2024 - 12:38 GMT

Mr. Al Shroogi, Chairman of the Board of Directors of the L’azurde Group announced the company’s growth strategy in KSA, Egypt and the Middle East region, and emphasized L’azurde’s plan to devote its efforts to expanding its activity in Egypt.

Fitch Ratings upgrades Egypt's outlook to positive amid economic reforms

Sat, 04 May 2024 - 12:13 GMT

The move comes as a nod to Egypt's strengthened economic resilience and reduced external vulnerabilities.

South Korean firm expresses interest in importing Egyptian orange

Thu, 02 May 2024 - 02:26 GMT

That was in a meeting with Prime Minister Mostafa Madbouli Wednesday.

Egypt's general treasury supports funds’ workers by LE 3B

Thu, 02 May 2024 - 12:39 GMT

In the last quarter of the current fiscal year, LE 715.7 million has been allocated to pay the entitlements of employees within the funds and accounts, accounting for the recent increase, as stated by the Minister of Finance.

Egypt aims to boost South Korean investments across sectors | PM

Thu, 02 May 2024 - 12:27 GMT

The sectors focused on the meeting were electronics, electrical appliances, textiles, oil and gas, nuclear energy, iron and steel, petrochemicals, manufacturing subway cars, and importing Egyptian agricultural products.

SCZONE, HiTech Apparel ink $20M deal for sportswear factory in Egypt

Thu, 02 May 2024 - 11:11 GMT

This deal marks HiTech Apparel's first venture in both the Middle East and Africa and is poised to create approximately 1,500 employment opportunities within the region

Egypt, UK strengthen investment and trade relations through MoU signing

Thu, 02 May 2024 - 09:21 GMT

Under the MoU, the UK Export Finance, which serves as the British export financing agency, will provide financial support for a range of projects in close coordination with GAFI

Auto sales in Egypt record 4.2k vehicles sold in March 2024

Wed, 01 May 2024 - 06:30 GMT

In terms of year-over-year performance, automobile sales in March experienced a decline of 37 percent. This was primarily driven by a decrease of 41 percent in passenger car sales.

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