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Egyptian Space Agency Launches 2025 Training Grant
Egypt launches 2025 African space training program, hosting 21 specialists to strengthen satellite technology.
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Egypt initiates talks with EU, int'l partners on Macro-Financial Assistance 2nd phase
Egypt has initiated talks with the European Union and international partners on the second phase of the Macro-Financial Assistance mechanism.
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Egypt Becomes Europe’s Second-Largest Fresh Produce Exporter
Egypt’s fresh produce exports to Europe reach 917,000 tonnes, growing 7% in the last season, second only to the Netherlands.
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Egypt tops tourists destination for Russians
Most Russians prefer beach vacations, particularly in Hurghada, Sharm al-Sheikh and South Sinai, Hazaa said.
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Egypt communications minister discusses investments with German delegation
Minister of Communications and Information Technology Amr Talaat met on Monday with a delegation from the Federation of Industries in Bavaria.
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Engie will expand its 500 MW Red Sea wind project in Egypt to 650 MW
At the end of 2023, wind represented about 3% of Egypt’s installed capacity with 1.6 GW and 2.8% of its power generation with 6.7 TWh.
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Sinopec Shanghai Petrochemical to Boost Operations with $2.91B Investments
As part of the project, the company will shut down 18 existing oil refining units and install new ones.
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Egypt promotes Khaled al-Enany’s bid for UNESCO leadership
Ministry of Foreign Affairs and Migration organized a high-profile event at the National Museum of Egyptian Civilization to support Khaled al-Enany.
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TAMEER Egypt Launches Urban Business Lane in New Cairo
The 155,000-sqm-metre commercial project in New Cairo is part the UrbanWalk mixed-use development.
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Dye shortage in Egypt for CT scans threatens patient lives
Badria Hussein has been searching for this substance for a month in Damietta Governorate hospitals.
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CBE reports $2.2 Billion growth in gold reserves in 2024
By December 2024, these reserves reached $47.109 billion, a significant rise from $35.220 billion in December 2023.
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Egypt now leading tourist destination in Africa
Egypt is witnessing rapid growth in international tourism, surpassing Morocco and Tunisia, according to the website Statista.
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China’s Kingdom plans major linen manufacturing plant in Egypt
Chairman of Kingdom Holdings, emphasised Egypt’s strategic advantages, including its competitive edge and rich history in linen production.
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European glass fibre producers target Egypt-based Chinese makers in trade complaint
They lodged an anti-dumping complaint against Chinese manufacturers operating out of Egypt alleging that they benefit from unfair subsidies.
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Egypt Invests LE 7 Billion in Renewable Energy Transmission Projects
These projects will involve the construction of transformer stations to transfer energy generated by solar and wind power plants to transmission lines
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SEKEM Egypt: Award-Winning Model for Economically Viable and Sustainable Development
SEKEM’s CEO, Helmy Abouleish, was named one of the 100 Most Influential Africans of 2024 by New African magazine.
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PM reviews “unified ration card system”
Madbouly reiterated commitment to governing the subsidy system in the most optimum ways, ensuring that support reaches the beneficiaries.
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$5.768B Egypt's engineering, electronic product exports in 2024
The initiative is expected to enhance trade efficiency, lower logistical costs, and save Egypt an estimated $284 million annually.
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Egypt to offer new mining sites to investors
In a weekend report, the Arabic language daily Alahram said the strategy also aims to boost mineral production and exports to stimulate the economy.
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Petroshahd Plans $31M in Investments in 2025/26
The plan aims to increase the company’s daily production rate, which currently stands at about 10,500 barrels per day (b/d) of crude oil.
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Egypt leads African startup landscape with $329M raised in 2024
Egyptian startups raised $329 million through 78 funding rounds, reflecting a 21 percent year-over-year decline.
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Egypt Introduces a New Mechanism to Clear Exporters’ Outstanding Dues
50 percent of the outstanding dues will be disbursed in cash over four fiscal years, starting this year, with annual payments of EGP 8 billion.
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bp Adds 2 Wells to Production, Launches Exploration Operations at Elking Offshore Egypt
In July 2024, Minister of Petroleum and Mineral Resources Karim Badawi visited Volaris DS12 to oversee the drilling activities
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Female Founders from Egypt Named to the Aurora Tech Award 2025 List
Egypt has become the second country on the continent, after Nigeria, with the highest number of applicants for this award.
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LE14.5B worth of foreign funding disbursed to NGOs in Egypt in 2024
The ministry underlined that merely 0.3 percent of grants got rejected, mostly because of not submitting the necessary documents.
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Turkish company to open new investments in Egypt worth US$50 million
The Turkish ambassador said that this decision reflects the Turkish government’s will to increase cooperation with Egypt.
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Egypt’s remittance inflows jump 45.3% during first 10M of 2024
Hassan El-Khatib, Minister of Investment and Foreign Trade, highlighted the vital contribution of Egyptians working abroad to the country's economy.
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Asia Potash announces phosphate fertilizer complex plan in Egypt
The complex will have a total production capacity of 10 mn tons of phosphate once fully operational.
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Egypt’s annual headline inflation decrease to 23.4%, core inflation to 23.2%
Data from the Central Bank of Egypt (CBE) showed that the monthly core inflation rate was 0.9 percent in December 2024.
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Egyptian, Mozambican FMs discuss boosting bilateral relations
The meeting underlined the importance of enhancing cooperation in different fields, including the trade and investment ones.
