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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.
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The internet is changing with AI and Cloudflare is fighting it
Cloudflare’s move could create a new way for content creators to earn money when AI companies use their work.
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Egypt is turning sun and wind into its next big export
Egypt is rapidly building the foundation for a new kind of export economy—one powered not by fossil fuels, but by electrons and green molecules.
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Egypt begins paying long-overdue export debts
The Ministry of Finance has earmarked EGP 25 billion for disbursement in August, delivering on a key promise to inject liquidity.
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Egypt’s FY2025/26 budget in 12 easy points
As Egypt enters fiscal year 2025/26, the government lays out an ambitious budget centered on boosting efficiency and private sector.
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Oldest ancient Egyptian human genome reveals ties to Mesopotamia
In a first, researchers have sequenced the complete genome of a man from ancient Egypt, and the results reveal that he had ties with Mesopotamia.
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Eastern Company to cap cigarette price at EGP 45
Eastern Company CEO Hany Aman announced that cigarette prices will be capped at EGP 45 per pack starting Tuesday following recent tax bracket changes.
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Egypt-Germany economic portfolio reaches $1.8bln
The two officials touched upon the financial cooperation agreement signed between Egypt and Germany in 2022, at a value of €118 million.
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Turkish denim manufacturer makes $20M investment in Egypt
Turkish textile company Şirikçioğlu Grubu is making a $20 million investment in Egypt’s Suez Canal Economic Zone (SCZone).
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Foreign investors rush to take advantage of Egypt’s renewables boom
The country and its north African neighbours are poised to become increasingly important energy suppliers to Europe.
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Egypt confirms acquisition of Chinese HQ-9B long-range air defence system
Egypt’s decision to acquire the HQ-9B stems from a combination of strategic, economic, and political factors.
