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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.
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Technip Energies Outlines Plans for SAF, Green Hydrogen in Egypt
Egyptian government provides full support to its partners, enabling them to carry out their work and overcome difficulties and challenges.
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Egyptian banks cut interest rates on variable certificates following Central Bank move
Following the Central Bank's 225 bps cut, banks slash interest on variable-yield certificates by 2.25%, reshaping returns and lending dynamics.
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Trade between Egypt, Saudi Arabia grossed $15.98 billion in 2024
Egypt-Saudi trade reached $15.98B, spanning cloud, logistics, pharma, and automotive—showcasing deep regional commercial ties.
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Zohr Gas Field Set for Major Boost as Phase Three Targets 1 Trillion Cubic Feet
Zohr Phase 3 adds 1T cubic feet in gas reserves by 2028 via a floating unit, enhancing energy security and investment prospects.
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AngloGold Ashanti Expands Investment in Egypt with New Gold Exploration Deal
AngloGold expands operations with a new Eastern Desert gold exploration agreement, signaling growing investor interest in Egypt’s mining sector.
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El-Sisi highlights private sector's role in economic development and export growth
President El-Sisi emphasizes the private sector's role in economic growth and job creation, aiming to unlock more public-private synergy.
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Egypt takes over chairmanship of AfCFTA council of trade ministers
Egypt takes the lead in shaping intra-African trade policy under AfCFTA, strengthening its influence on continental commerce.
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Egypt Launches Intensive Program to Drill 75 Oil Wells in Eastern Desert
A 12-month plan by Egypt’s General Petroleum Co. to drill 75 wells aims to boost daily output by 7,500 barrels.
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Egypt Signs EGP 15 Billion Agreement to Build Alexandria Metro Trains
Egypt and NERIC partner on a 15 billion EGP project to locally build Alexandria Metro trains, bolstering infrastructure and manufacturing.
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LMD Launches Landmark 150-Acre Mixed-Use Development in West Cairo
LMD launches a mega 150-acre residential-commercial complex in West Cairo, targeting modern urban development.
