egypt
- Business
Egypt, Turkiye forge $7 billion investment deal for new industrial zone
The project could create more than 20,000 job opportunities Egypt’s Ministry of Transport has announced the signing of a memorandum…
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Turkiye: Launching flights between Sabiha Gökçen and Sphinx airports
The management of Sabiha Gökçen International Airport in Istanbul announced on Monday the launch of a flight line to Sphinx…
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Turkish Textile Manufacturers Consider Shifting Investments to Egypt Amid Promising Reforms
Turkish textile manufacturers are considering shifting their investments to Egypt due to its currency devaluation and promised reforms, Bloomberg reported…
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Egyptian Central Bank Surprises with Interest Rate Hike
The Central Bank of Egypt (CBE) unexpectedly raised interest rates by 600 basis points in an extraordinary meeting. According to…
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Disruptions in Panama and Suez Impact Over 10% of Global LNG Trade
Restrictions and disruptions in ship transits through the Panama and Suez Canals are impacting more than 10% of global liquefied…
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Arab-Turkish growing trade volume surges to $55 billion
During the Arab and Turkish Chambers’ fifth meeting, held in Egypt with several chiefs of trade and business figures from…
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Egypt’s Suez Canal Revenues Drop by 40-50% Due to Regional Tensions
In a statement during the 2024 Egypt International Exhibition Center Conference in Cairo, President Abdulfettah es-Sisi disclosed that Egypt’s earnings…
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Turkish investments in Egypt reach $3 Billion, with annual turnover of $1.5 Billion
Trade volume can reach $15B to $20B in next 5 years, says Türkiye-Egypt Business Council chairperson Turkish investments in Egypt…
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Emirates NBD, Turkish Hayat sign $32.8 million loan to establish tissue facility in Ain Sokhna
Emirates NBD Egypt, a subsidiary of Emirates NBD, announced on Monday the signing of a €30 million ($32.8 million) medium-term…
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Minister of Commerce Bolat: Turkiye and Egypt are important power centers with trade volumes approaching $800 billion
Minister of Commerce Bolat said, “Turkiye and Egypt are important power centers with a total gross national product approaching $1.5…
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