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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.
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South Africa and Egypt rank among top emerging markets for FDI confidence in 2025
Egypt ranks 13th globally in FDI confidence for 2025, reinforcing its appeal to global investors and signaling strong economic growth potential.
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Egypt signs debt swap agreements with Germany, Italy, China
Egypt inks $900M+ in debt swaps with Germany, Italy, and China, marking its first-ever deal with China to ease debt and fund development projects.
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IMF to combine reviews of Egypt's $8 billion loan program
The IMF merges reviews of Egypt’s $8B loan, giving Cairo more time to implement reforms amid economic pressures and investor scrutiny.
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Egypt’s next IMF tranche in doubt amid slow reforms
Delays in Egypt’s IMF loan disbursement raise concerns as structural reforms stall, risking funding gaps and investor confidence.
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Saudi Arabia Ends “Blank Check” Era for Egypt: Financial Aid Now Tied to Reforms
Saudi Arabia shifts from unconditional aid to reform-linked investments in Egypt, signaling a new era of accountability and strategic funding.
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BII fuels Egypt’s clean energy future with $300M investment boost
British International Investment injects $300M into Egypt’s clean energy sector, backing solar, wind, and green hydrogen projects.
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Ethiopia Says Controversial Power Dam on the Nile that's Opposed by Egypt Has Been Completed
Ethiopia finishes Africa’s largest hydroelectric dam on the Nile, calling it a shared opportunity despite Egypt and Sudan’s water supply concerns.
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Egypt Becomes First Arab Nation to Chair FAO Council
Egypt makes history as a diplomat Mina Rizk becomes the first Arab to chair the FAO Council, boosting its global role in food security.
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Ethiopia has finished building mega-dam on Nile
Ethiopia finishes Africa’s largest hydroelectric dam on the Nile, calling it a shared opportunity despite Egypt and Sudan’s water supply concerns.
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Kouchouk affirms Egypt’s commitment to supporting Africa’s sustainable development financing
Egypt pledges stronger African cooperation and inclusive financing tools to drive green, digital, and sustainable development across the continent.
