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18 January

Saturday, 2025

Magazine

Magazine Egypttoday December 2023

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Geely Assembly Plant Opens in Egypt with 45% locally manufactured

Wed, 15 Jan 2025 - 03:17 GMT

Auto Mobility has invested $100 million into the manufacturing and assembly operations, marking a significant milestone in Egypt’s automotive industry.

Suez Canal Authority partners with Oman Logistics for maritime, logistics cooperation

Wed, 15 Jan 2025 - 01:40 GMT

The agreement identifies key areas of cooperation, including advanced training programs, ship repair, and maintenance. It aims to capitalize on the expertise of SCA’s shipyards and the advanced capabilities of the Suez Canal Maritime Training and Simulation Academy.

Geely Auto Expands Operations in Egypt with Ambitious Export Plans

Wed, 15 Jan 2025 - 11:41 GMT

Prime Minister Mostafa Madbouly expressed optimism about the factory's role in establishing Egypt as a regional hub for Geely Auto.

Foreign trade jumped to $104.7B in FY2023, CBE

Tue, 14 Jan 2025 - 01:30 GMT

Trade with Egypt’s top 14 trading partners accounted for 64.6 percent of its overall foreign trade, totaling around $67.6 billion.

GAFI to announce new draft law as part of efforts to overhaul Companies Act

Tue, 14 Jan 2025 - 01:02 GMT

GAFI’s head, Hossam Heiba, explained that the new law will modernize the regulatory framework, particularly to address the growing reliance on electronic documentation.

Hisham Talaat Moustafa acquired 500,000 shares in TMG

Tue, 14 Jan 2025 - 12:15 GMT

Talaat Moustafa Holding Group (TMG) has announced that its CEO and Managing Director, Hisham Talaat Moustafa, purchased 500,000 of the company’s shares during trading on Sunday.

2 new agreements boost collaboration bet. Egypt, Saudi Arabia in petroleum sector

Tue, 14 Jan 2025 - 12:01 GMT

These agreements aim to create a strategic alliance, fostering commercial cooperation by leveraging the expertise of all parties involved.

Egypt's car imports decline to $147 million in October 2024

Tue, 14 Jan 2025 - 11:56 GMT

Egypt's car imports declined in October 2024 compared to the same month last year 2023, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

Egypt to secure €5.8B from EU for Macro-Financial Assistance mechanism

Tue, 14 Jan 2025 - 10:36 GMT

This phase aims to provide €4 billion in budget support and €1.8 billion in investment guarantees, according to Minister Rania Al-Mashat during a meeting with the National Press Authority attended by leading journalists and editors.

EGX reveals landmark year with new milestone report

Mon, 13 Jan 2025 - 03:54 GMT

The Egyptian Exchange (EGX) reported a year of remarkable milestones in 2024, with significant improvements across key indicators, trading volumes, and market capitalization, according to Ahmed El-Sheikh, Chairman of the EGX

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