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Egypt and China sign 1st phase of debt-for-development swap program
Egypt swaps part of the $8 billion owed to China into financing for health, transport, energy, education, boosting growth, and reducing FX strain.
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Egypt, China ink 3 financial cooperation agreements
Egypt and China sign 3 MoUs on yuan swap, UnionPay integration, and fintech collaboration, boosting local-currency trade and payments.
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Egypt’s central bank keeps interest rates unchanged
CBE keeps deposit at 24% and lending at 25%, pausing rate cuts amid cooling inflation and steady GDP growth.
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El Sewedy Industrial Development, Turkey’s Bony Textile Join Forces to Launch $100M Textile Factory in Egypt
El‑Sewedy teams with Turkey’s Bony Textile on a $100M factory in 10th of Ramadan, creating 2,500 jobs and boosting textile exports.
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Egypt, China central banks sign pacts to boost yuan use, payment systems
Egypt and China’s central banks sign MoUs to promote yuan use, enhance payment systems, and facilitate local currency settlements.
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Telecom Egypt restores services after Ramses Central fire
After a fire at Cairo’s Ramses telecom hub killed 4 and cut service to 62%, telecom traffic was rerouted and restored within 24 hrs.
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Egypt’s Mobile Operators "Reroute Network" Traffic After Ramses Central Office Fire
Vodafone, Orange, and Etisalat reroute traffic post-Ramses fire to backup centers, minimizing service disruption across Egypt.
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CIB inks $19.4mln financing deal with OSL for Giza Pyramids sound and light project
CIB provides $194M to OSL to modernize the Giza Pyramids sound & light show, upgrading the experience and boosting tourism revenue.
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Cabinet Holds Weekly Meeting on Political, Economic, Social Files
Egypt’s cabinet reviewed key political, economic, and social initiatives, reinforcing policy continuity and reform momentum.
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Is Central Bank of Egypt poised for fresh rate cut on Thursday?
CBE decides to hold rates steady at the July meeting, balancing inflation risks with growth stability.
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Egypt strawberry exports to Germany hit five-year high
Spain, Greece, and the Netherlands dominate Germany’s strawberry import market, supplying around 90% of total imports.
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Egypt’s Abu Mena Monastery removed from UNESCO danger list
The List of World Heritage in Danger highlights threats to important sites and aims to rally international support to help protect them.
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Gmail’s new subscription manager puts control in users’ hands
By lowering the friction in opting out of unwanted emails, Gmail is effectively redefining how email subscriptions are handled.
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How a telecom fire in Cairo exposed digital vulnerability
Here’s a detailed breakdown of what happened, how the government responded, and why this fire may force a reckoning in Egypt’s digital planning.
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Turkish firms set sights on Egypt’s airport expansion
Turkish investors see significant opportunities in upcoming airport construction and modernization projects.
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Egypt and Russia boost El Dabaa nuclear project
The new accords reinforce long-term cooperation between the two countries and accelerate progress on one of Egypt’s most significant projects.
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Egyptian authorities race to contain fallout from fatal telecom fire
The response came after a blaze late on Monday at the Ramses Central building killed four workers and injured at least 22 others.
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Egypt's SCA explores maritime, logistics cooperation with Thailand
Sirikul affirmed Thailand’s interest in deepening cooperation, particularly in port services, canal operations, and training.
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Egypt to turn Port Said Shipyard into global maritime hub
Rabie underscored the Authority’s ambition to foster meaningful cooperation with top-tier international players in the maritime services sector.
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Developing countries require about $5.9 trillion by 2030 to meet their NDCs
Additionally, he highlighted that adaptation costs alone range between $140 and $300 billion annually for developing countries.
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EGPC Reviews Strengthening Petroleum Supply Chain
This is part of an integrated plan aimed at fostering more conscious engagement with the system’s human, operational, and procedural components.
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Catalyst Partners Middle East approves $56mln share swap deal to acquire Qardy, Catalyst Holding
Qardy operates in digital financial solutions, while Catalyst Partners Holding is involved in non-banking financial services.
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Irrigation Min Stresses Importance Of Technical Cooperation Among African Countries in Water Field
The minister underscored the importance of ongoing efforts to develop joint projects aligned with the shared priorities with Namibia.
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Egypt’s Nawy Acquires Majority Stake in Dubai’s SmartCrowd
By acquiring SmartCrowd, Nawy gains immediate access to the GCC market while integrating regulated fractional investment services into its portfolio.
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Egypt’s Inflation declines to 14.4% in June 2025
CAPMAS attributed this easing of inflation to a decrease in the “Food and Beverages” category, which dropped by 1.1 percent.
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Egypt’s electricity, public enterprises ministers discuss expanding renewables in energy-intensive industries
A key item on the agenda was the planned solar power project to supply electricity to the aluminum complex in Nagaa Hammadi.
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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.
