07:33
cairo, gmt + 2
24 December
Tuesday, 2024
Mon, 23 Dec 2024 - 03:56 GMT
According to Minister of Tourism and Antiquities Sherif Fathy, in 2023, the country's tourism sector experienced a 14 percent growth compared to pre-COVID levels, with positive results in both tourist numbers and revenue generation.
Magazine
Be Social
During a review meeting chaired by Prime Minister Mostafa Madbouly, Minister of Investment and Foreign Trade Hassan El-Khatib announced that 685 companies have completed their documentation and are now eligible to receive their dues through the Export Development Fund’s updated rebate mechanism.
The Prime Minister opened the session by emphasizing the state’s strategic efforts in Jarjoub, noting the establishment of a port and ongoing renewable energy projects in the region.
Monday trading reported 1.351 billion shares exchanged with a turnover of LE 3.128 billion.
The company has already initiated drilling its first well in the region, part of a broader strategy to drill seven wells targeting natural gas and condensates.
Despite this drop, passenger car imports witnessed a notable increase earlier in the year. Between January and August 2024, total passenger car imports surged to $1.692 billion, compared to $1.155 billion during the same period in 2023, marking an increase of $536.623 million.
Egypt continues to solidify its position as a key player in MENA's startup ecosystem, with four Egyptian venture capitalists featured on Forbes’ list of the region’s top investors.
Talaat Moustafa Holding Group (TMG) has reported record sales for 2024, exceeding EGP 0.5trn, or approximately $10bn, by December 22. This figure marks a significant milestone for the company, solidifying its position as a leading real estate developer in Egypt and the region.
The app was introduced by Ibrahim El-Segini, Head of the Consumer Protection Agency, at a press conference on Sunday. This initiative is designed to simplify the process for citizens to file complaints, make reports, and access a variety of services offered by the Agency.
Al-Mashat emphasized the World Bank Group’s vital role as a strategic partner in advancing Egypt’s economic priorities. She acknowledged the bank’s substantial contributions across sectors such as education, healthcare, transportation, social protection, housing, and private sector development
Finance Minister Ahmed Kouchouk noted that the initiative will not only offer an economical alternative to gasoline and diesel but also contribute to environmental sustainability. By switching to CNG, Egypt is expected to cut carbon dioxide emissions by 1.5 million tons annually, leading to improved air quality and a healthier environment.
New Issue
