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Egypt ranks 9th globally among top FDI recipient countries in 2024
Egypt jumps to 9th globally in FDI with $47B in 2024, driven by megaprojects like Ras El-Hekma and investor-friendly reforms.
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Egypt leads Africa in foreign direct investment growth with 373% surge
Egypt tops Africa in FDI with a 373% surge, reflecting investor confidence and economic vision.
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Egypt Launches First Solar Power Plant in Djibouti
Egypt partners with Djibouti on solar, boosting regional energy ties and sustainable growth.
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Egypt supplies 70% of global jasmine and essential oils production
Egypt leads jasmine output, shifting to local perfume production to boost value and resilience.
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Egypt Air Expands Long-Haul Fleet with More A350-900
EgyptAir adds A350s to modernize its fleet and expand long-haul capacity for global tourism growth.
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SKF Organizes Heavy Industries Day in Celebration of 50 Years in Egypt
SKF marks 50 years in Egypt, showcasing smart tech and commitment to industrial innovation.
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Egypt’s Elsewedy Electric to supply power solutions for first resort in Ras El Hekma
Elsewedy will power Ras El Hekma’s first resort, boosting Egypt’s coastal development.
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China plans citizen evacuation from Israel to Egypt on Friday
China evacuates citizens via Egypt amid conflict, showing Egypt’s role in regional logistics.
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Egypt to operate one of Mediterranean’s largest gas wells in June, producing 50 million cubic feet daily
Zohr 6 gas well to produce 50M cubic feet daily, reinforcing Egypt’s energy leadership.
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Travel & Tourism in Egypt Reaches Historic Milestones
Egypt’s tourism hits record highs in GDP, jobs, and visitor spending in 2025.
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How much heat can Egypt’s industry take? 10 key takeaways from the energy crisis
As tensions rise between Israel and Iran, Egypt is facing economic fallout not from the battlefield—but from the energy grid.
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Egypt is tightening control over fintech before it explodes
This isn’t just bureaucracy—it’s a clear message: the era of informal or loosely governed digital payment activity in Egypt is closing.
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Egypt’s natural wonders and authentic experiences are redefining tourism
Cities like Luxor, Aswan, and the enchanting Siwa Oasis are being championed as unique tourist magnets, offering authentic experiences.
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Africa’s largest solar-powered housing community opens in New Zayed
The project is notable for being the largest solar-powered housing community in Africa, according to a statement shared with Egyptian Streets.
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New data says AI traffic converts 23x better than Google
In real terms, visitors from ChatGPT and similar platforms are dramatically more likely to become paying users than those from Google.
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Why are so many banks topping Egypt’s biggest companies list?
Egypt’s top public companies for 2025 have been revealed, and one trend is hard to miss: banks are dominating.
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European Parliament Approves €4 Billion in Financial Assistance to Egypt
The European Council is expected to vote on the decision in the coming days, paving the way for the initiation of the disbursement process.
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TMG climbs to 4th in Forbes’ Top 50 Public Companies in Egypt
The company advanced two places to secure the fourth position. The ranking reflects growth that saw the company’s sales rise to $837m from $593m.
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Over 2.4 Million People Donated Blood in Egypt Over Five Years
Egypt’s national blood transfusion services have undergone extensive upgrades over the past five years.
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Egyptian parliament approves of new national budget plan
FY2025/2026 targets real GDP growth of 4.5 percent. This represents a significant increase from the 2.4 percent growth recorded in FY2023/24.
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Egypt faces exceptional water challenges
Egypt in particular faces exceptional water challenges due to its low rainfall rates and its status as one of the driest countries in the world.
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SCZone inks $18 mln deal with Turkish company to establish spinning factory
SCZone has signed a $18m agreement with the Turkish company Ulusoy Tekstil San. Tic. A.Ş to build a yarn and spinning factory.
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Egypt pens $200mln deal with China’s Sunrev Solar to build solar energy complex in Sokhna
The project is among the largest industrial investments in renewable energy components within the zone.
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House of Representatives’ Housing Committee approves new “old rent” law
The draft law stipulates an appropriate transitional period before terminating old lease contracts.
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Egypt-Serbia Trade Triples to $300 Million Amid Strengthening Bilateral Ties
This is up from $94 million in 2022—marking a significant leap in economic cooperation between the two countries.
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Landmark arrivals cement Egypt Sokhna Port’s role in global trade: DP World
DP World Egypt has reinforced Ain Sokhna Port’s role as a linchpin in Egypt’s economic, industrial, and tourism ambitions.
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Egypt Introduces Smart Baggage Tech to 11 Airports
Egypt is modernising 11 airports with smart baggage systems and AI oversight to reduce mishandling and improve passenger flow.
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Egypt targets 4.5% growth amid regional uncertainty
Egypt’s parliament has approved the national budget for fiscal year 2025/26, which begins on 1 July.
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Egypt’s Octane raises $5.2 million to digitize fleet payments across MENA
The new funding will be used to expand Octane’s regional footprint, acceptance network, and AI capabilities, including fraud detection and route opt.
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FDIs in emerging markets, developing economies fall to lowest levels since 2005
In 2023, EMDEs collectively received $435 billion in FDI, marking a significant decline.
