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Cairo data centre fire kills four, takes down Egypt's Internet
The blaze, likely caused by an electrical fault, triggered outrage in parliament, with MPs calling the government response a "catastrophic failure".
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Egyptian Parliament Approves Sukari Gold Mine Agreement with StenaMin for 30-Year Term
StenaMin, a company established under Egyptian law, will bear all investment and operational costs of the project, without any financial obligations.
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CBE temporarily raises daily withdrawal limit to EGP 500,000
This exceptional measure comes in response to ongoing disruptions in telecommunications services, which have affected the regularity of operations.
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Aria Ventures launches $1m fund to boost deep-tech investment in Egypt
Aria Ventures, a specialised venture studio focused on building startups, has announced the launch of a EGP50 million (US$1 million) fund.
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Egypt Commits to Green Energy With Major Solar and Wind Projects
Renewables, primarily solar, wind, and hydropower, accounting for just 11.5 percent of electricity generation as of last year.
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Egypt to restart Delta Fertilizer plant with €100 million investment
Egypt's Chemical Industries Holding Company plans to invest €100 million to reopen its Delta Fertilizer plant in Talkha.
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Tahoun Law Firm launches Egypt’s 1st smart digital platform for legal services
It will help the company to accelerate the registration process and access affordable and specialized legal services or understand complex contract.
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Egypt’s Blu EV Plans $100 Million Investment in Morocco’s Electric Mobility Market
The investment could also boost local job creation and encourage other companies to explore Morocco’s growing green economy.
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Bank Branch Hours Extended to 5 PM in Select Locations Across Egypt
Starting July 8th, selected bank branches across Egypt will extend working hours to 5 PM on weekdays, while special hours apply to branches in malls.
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Egypt’s agriculture minister meets Namibian delegation to talk farm ties
The two sides discussed cooperation in exchanging expertise, producing crop seeds, mitigating the effects of climate change.
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Egypt accelerates El-Dabaa national grid connection for 2026
Cairo is stepping up connection works for the planned 4,800 MW El-Dabaa nuclear plant, developed with Rosatom, to feed the grid from 2026.
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Egypt’s Trade with BRICS Countries Surges to $50.8 Billion in 2024
Egypt’s exports to BRICS nations climbed 10.6% to \$9.4 billion. The Gulf region emerged as a major market for Egyptian goods.
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11 new wells to produce 160 billion cubic feet of natural gas
This involves accelerating exploration and development efforts across new concession areas.
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Egypt’s Banking Sector Net Foreign Assets Hit $14.7 Billion
This reflects a remarkable growth of $3.2 billion compared to the $1.6 billion recorded in April 2025.
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Egypt approves $959,000 deal with USTDA to develop methane-reduction roadmap
It is part of Egypt’s broader efforts to implement concrete steps toward reducing greenhouse gas emissions.
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Egypt imposes total closure of Regional Ring Road for a week
Traffic density distribution on alternative roads will be reviewed at the beginning of the closure week.
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Egypt’s sugar sector achieves major leap towards self-sufficiency
This expansion has led to a substantial rise in sugar production from beet, which grew from 1.5 million tonnes to 2.5 million tonnes.
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KlasJet partners with Air Cairo to boost summer connectivity between Egypt, Italy, and the UAE 7 Jul 2025 by Business Tr
The seasonal partnership began on 30 May 2025 and will run through 31 October, supporting surging demand for inbound leisure travel to Egypt.
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Fifth Floating Regasification Unit to Join Egypt’s Gas Grid via Aqaba Port
The regasification unit has a capacity of 750 mmcm/d and will provide an additional source for both countries.
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Further deterioration in non-oil private sector activity (PMI Index)
It remains below the 50.0 threshold, which separates expansion from contraction, for the fourth consecutive month.
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IMF delays loan review for Egypt, merges assessments amid calls for deeper reforms
The IMF merges the 5th & 6th reviews of Egypt’s $8 bn loan due to slow reforms, postponing the next disbursement by 6 months.
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Big Solar & Battery News From Egypt & South Africa
Egypt secures the largest solar-plus-battery plant, backed by $479M in multilateral funding, boosting clean energy infrastructure and grid stability.
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UN conference cites Egypt’s ‘NWFE’ programme as model for development finance
The UN praises Egypt’s Nexus of Water-Food-Energy platform for mobilizing $4B in concessional finance, setting a global example for green investments.
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Egypt utilizes four floating regasification units to secure gas supply for all sectors
Egypt deploys four FSRUs, including Energos Power, boosting LNG regasification to stabilize gas supply and the power grid this summer.
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Egypt non-oil private sector shrinks in June due to weak demand
June PMI hits 48.8, non-oil private sector contracts for 4th month; new orders, output, and employment drop amid weak demand.
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Egypt Climbs 8 Spots in UN Human Development Index Over a Decade
Egypt advanced eight positions in the UN HDI over 10 years, reflecting gains in life expectancy, education, and income quality.
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Damietta governorate key model for integration between industrial, tourism plans
Damietta integrates industrial zones, free-zone plans & hospitality assets into its coastal tourism strategy,boosting jobs & economic diversification.
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Egypt Secures Historic Leadership Role at FAO
Egypt’s Mina Rizk becomes the youngest Chair of the Executive Council, marking the first Egyptian leadership since 1945 and aligning with youth goals.
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Deliverect partners with Paymob to enhance payment solutions for Middle East restaurants and consumers
Deliverect integrates Paymob for smooth omnichannel payments, daily settlements, BNPL, and kiosks for streamlined F&B operations across MENA.
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Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan
The Egypt-Italy team uncovers Greco-Roman tombs near the Khan Mausoleum in Aswan, hieroglyphs, intact mummies, and elite burial architecture revealed.
