Latest news
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53% of Egyptian SMEs adopt digital payments
Visa said such tools have evolved from simple payment methods to “strategic instruments” for efficiency, customer experience, and growth.
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World Bank flags human development challenges, opportunities in Egypt
A new World Bank report, titled "Embracing and Shaping Change: Human Development for a Middle East and North Africa in Transition".
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Egypt eyes 65% private sector contribution by 2025/2026 amid privatization push
To support this, the government expanded its divestment list to 35 companies, adding Eastern Company, Ezz Dekheila Steel, and Telecom Egypt.
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Petroleum min. underscores need for promoting investment areas in southern Egypt
He also stressed the importance of supporting human resources in the sector through training programs.
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Egypt Accelerates Financial Inclusion With Record E-Wallet Adoption in 2025
The number of e-wallets increased by 29%, reaching 46.3 million e-wallets in the second quarter of 2025 compared to 35.8 million e-wallets in 2024.
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Egypt construction sector grows 20% in 2024: GAFI chief
Egypt’s construction sector expanded by 20 percent over the past year, attracting EGP 56 billion (over $1 billion) in new investments.
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Egypt introduces temporary steel import tariffs to maintain fair local market conditions
The decision, effective September 14, targets specific steel imports in a recent bid to bolster the local market after several complaints.
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Damietta Port receives giant vessel “YANG FAN” with record cargo load
The YANG FAN is among the world’s largest general cargo ships, measuring 289 meters in length, 45 meters in width, with a draft of nearly 14 meters.
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Egypt Signs Oil and Gas Exploration Deals Worth More than $121 Million
The deals were with Parenco Egypt, Dubai-based Dragon Oil and Apache, for about $46 million, $40.5 million and $35 million respectively.
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Egypt signs $121m oil, gas exploration agreements
Egypt has signed three exploration agreements worth over $121 million with Parenco Egypt, Dragon Oil and Apache to drill new wells.
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Egypt invites US investment in ports, shipping, and rail sectors
Egypt is open to cooperation with all international companies, including American ones: minister.
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Egypt steps up fight against feed counterfeiting to protect farmers
According to the ministry, the initiative is aimed at protecting animal health, stabilizing production costs and the country’s food security.
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Egypt to add 200kg of seized gold to Central Bank’s reserves: Public Prosecution
The gold, seized in legal cases and refined at the prosecution’s expense, will be added to the Central Bank of Egypt’s (CBE) stockpile.
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Energean Says Its Egyptian Platforms Hold 3 Trillion Cubic Feet of Gas
Energean, through Energean Egypt, maintains and operates a full-cycle production, development, and exploration portfolio.
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Archaeologists discover rare intact Canopus decree, first of its kind in 150 years
Another copy of the famed Canopus Decree was discovered in Egypt, but this time, solely written in hieroglyphs.
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Egypt launches telemedicine platform to link diaspora doctors with patients at home
El-Sobky said the platform would advance Egypt’s “smart healthcare” model, enabling remote consultations across hospitals.
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Egypt has imposed a temporary duty on imports of hot-rolled steel at 13.6%
According to Egypt, imports of billets to the country in 2024 increased by 227% year-on-year.
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Subsea7 Awarded Major Offshore Contract for Saudi Aramco Project
Project management and engineering will begin immediately from Subsea7’s offices in KSA and the United Arab Emirates (UAE).
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EBRD promotes sustainable infrastructure in Egypt through PPPs
Launch of €10 million project preparation facility designed to encourage private-sector participation in infrastructure projects.
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Egypt launches fund to support public-private partnership projects
Finance Minister Kouchouk launches a dedicated fund for PPP project feasibility studies to accelerate development via private sector participation.