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Grand Egyptian Museum closed from June 15-July 5 in preparations for grand opening
There are preparations at the highest level, starting from airports, hotels, and roads, all the way to the celebration venue.
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Egypt, China discuss debt-for-development swap scheme
Egypt and China are discussing converting part of Egypt's debt into interest-free loans to finance key development projects.
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Egypt to Receive First Velaro High-Speed Electric Train in August 2025
The Ain Sokhna–Alamein–Marsa Matrouh line marks the first phase of Egypt’s 2,000-kilometre high-speed rail network.
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Egypt, Djibouti trade records $122.4M in 2024
The downturn was largely driven by a sharp decrease in Egyptian exports, which fell to $108.6 million in 2024 from $152.3 million the year prior.
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CBE announces Labour Day a paid holiday for banks in Egypt
The Central Bank of Egypt (CBE) announced that Labour Day, which falls on Thursday, 1 May, will be a paid holiday for banks in Egypt.
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IMF raises Egypt’s growth forecast to 3.8 percent for 2025, 4.3 percent next year
Adjustment improves upon January forecasts of 3.6 percent and 4.1 percent for the economy.
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PM underlines importance of forging ahead with efforts to develop Egypt’s textile industry
The goal is to maximize the country’s inherent potential in textile production, thereby boosting the national economy.
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GAFI CEO highlights latest business reforms via streamlined unified tax system
The new taxation model is expected to roll out within the next few months as part of a national effort to simplify investment procedures.
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NBE, Banque Misr adjust returns on saving certificates after CBE interest rate cut
It also announced that it would discontinue its popular platinum savings certificates, which offered an annual return of 17.25 percent.
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EGP 78B earmarked in Egypt's new budget to support key sectors
The government is working to maintain a secure economic course, centered on stimulating domestic production and expanding exports.
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Egypt & China sign Red Sea Petrochemicals design contracts
Egypt signed contracts with a joint Egyptian-Chinese venture for phase one design of the Red Sea Petrochemicals Complex in Ain Sokhna.
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IMF upgrades Egypt’s growth forecast amid regional downturn
The revised estimates suggest Egypt’s economy will expand by 2.4 percent this year, followed by growth of 3.8 percent in 2025 and 4.3 percent in 2026.
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Egyptian Semiconductor Startup InfiniLink Raises $10 Million
This funding represents one of the largest seed rounds for a deep-tech startup in the MENA region to date.
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Egypt seeks deeper cooperation with Saudi Arabia in oil sector
Egypt-Saudi Arabia electrical interconnection project is a model for broader Arab electrical integration.
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Viking's newest river cruise ship for Egypt hits the water
The 82-guest Viking Amun is a near-identical sister of Viking Osiris, Viking Hathor, and Viking Sobek.
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TUI wants to expand its offer in Sharm el Sheikh
Demand for Egypt is strong – also at TUI. The market-leading German tour operator is therefore expanding its portfolio in the destination.
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PM affirms presidential directives to boost education quality
Special attention is being given to modern fields like artificial intelligence and digital skills, which are in high demand in today’s labor market.
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Intelcia Expands Operations in Egypt with New Headquarters
Intelcia, a leading global outsourcing services provider, plans to significantly expand its operations in Egypt, creating 1,300 new jobs.
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Ancient Egyptian inscription uncovered in Jordan
The minister emphasized the importance of this discovery, as it is the first Ancient Egyptian inscription to be discovered on Jordanian soil.
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Gogreen’s profits leap 28.5% YoY in 2024
The sales increased by 4.7% year-on-year (YoY) to EGP 99.688 million at the end of December 2024 from EGP 95.249 million.
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Egypt’s president directs transition from multiple fees to unified tax on net profits
The president underlined the need to ensure that investors experience tangible and swift improvements in the ease of doing business in Egypt.
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Egypt launches ambitious 75 drilling program to boost oil output in Ras Gharib
The year-long initiative aims to drill 75 new wells, with the goal of adding around 7,500 barrels of crude oil per day.
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El-Sisi highlights private sector's role in economic development and export growth
President El-Sisi reviewed the government's efforts to improve the business climate and attract more domestic and foreign investments.
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Hexagon Purus Secures Hydrogen Storage Deal with Egypt’s MCV
The partnership kicks off with Hexagon Purus supplying high-tech hydrogen storage systems for MCV’s new hydrogen-powered buses.
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Zohr Gas Field Set for Major Boost as Phase Three Targets 1 Trillion Cubic Feet
Authorities maintain close oversight of Zohr’s development to ensure timely execution.
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Goldwind completes 500MW Red Sea wind farm in Egypt
The wind farm is expected to supply electricity to over one million households, contributing to Egypt’s renewable energy targets.
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Egyptian Swiss Group to invest $10mln to expand production
Egypt’s Prime Minister Mostafa Madbouly hailed the advancements in production and manufacturing operations at the group's facilities.
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Gold prices soar to historic high in Egypt
This surge is part of an upward trend that has characterized the local gold markets since the beginning of the year.
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Chevron, Others Exit Egypt’s Red Sea Concessions After Making No Finds
Egypt awarded oil and gas exploration concessions in the Red Sea for the first time to Chevron.
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Egypt’s aquaculture faces rising costs as currency depreciates
A hike in the cost of feed following the sharp depreciation of the Egyptian pound in the last year has left local fish farmers are under pressure.
