Latest news
-
National Bank of Egypt, Banque Misr cut yields on saving certificates
The new cuts bring the total cuts the CBE applied in 2025 to 5.25 percent (525 bps).
-
Egypt and Sudan Explore Mining Cooperation
Egypt is considering building specialized mining schools, and that is in parallel with expanding in research and studies to serve the industry.
-
9 Egyptians Among Forbes’ 2025 Top Travel and Tourism Leaders in Middle East
Hisham Talaat Mostafa, Hamed El Chiaty, Tarek El Sayed and Ahmed Adel are among them.
-
Egypt to invest EGP 144.8 bln in agriculture, irrigation in FY25/26
Egypt has allocated EGP 144.8 billion ($3.1 billion) in investments for its agriculture and irrigation sectors in the 2025/26 fiscal year.
-
Egypt commits LE 165B to food subsidies, calls for stronger global partnerships at G20
The state allocates around EGP 165 billion annually to support essential goods, benefiting more than 60 million citizens.
-
Egypt signs $340 mln oil, gas exploration deals with global firms
Egypt has signed four oil and gas exploration agreements worth more than $340 million with international companies, as it seeks to boost production.
-
PM says state provides many advantages, incentives for foreign, local investors
CNCEC looks forward to providing the best products in the Egyptian market, as it is a promising market.
-
Egypt’s IT Market to Reach $9.2 Billion by 2031
Fitch forecasts Egypt's IT market to triple from $3.5B to $9.2B by 2031, driven by digital infrastructure and 600K IT professional training.
-
Egypt primary surplus reaches 3.6% as debt indicators improve
Egypt achieves the highest-ever primary budget surplus of 3.6% of GDP in FY24/25, signaling improved fiscal health and debt indicators.
-
Egypt targets 4.5% growth under FY25/26 economic plan
Egypt targets 4.5% GDP growth in the FY25/26 economic plan with EGP 3.5 trillion in total investments under the new development strategy.
-
EGP 45 bln spent on supporting economic, productive, industrial activities
Egypt's Finance Minister reports EGP 45B disbursed in last fiscal year to support economic, productive, industrial, and export activities.
-
Egypt’s Trade Deficit Widens 23.4% to $4.4 Billion
Egypt's trade deficit widens 23.4% to $4.4B in June as imports surge 14.4% while exports grow only 4.7%, highlighting trade imbalances.
-
Egyptian ready-made garment exports jump 26% in 2025
Egypt's garment exports surge 26% to $1.939B in the first 7 months of 2025, signaling a new phase of broader sector expansion.
-
Economic expert reveals impact of Central Bank of Egypt’s recent decision
Economic expert analyzes the CBE rate cut's impact on CDs and dollar stability, explaining that inflation control doesn't mean price declines.
-
Valu unveils All-New Shop’IT experience to streamline digital transactions
Egypt's Valu launches a new Shop'IT platform to streamline digital transactions with a premium shopping experience and a cashback rewards system.
-
Lebanese Prime Minister visits Egypt’s Grand Egyptian Museum
Lebanese PM Nawaf Salam visits Egypt's Grand Egyptian Museum with an official delegation, praising cultural exhibitions and preservation efforts.
-
Cabinet approves procedures for old rent tenants to obtain housing units
Egypt's Cabinet approves procedures for old rent tenants to obtain housing units, with strict enforcement against usage violations.
-
Central Bank of Egypt Cuts Interest Rates by 2% as Inflation Slows
The Central Bank of Egypt cuts interest rates by 2% to 22% as inflation slows to 13.9%, the first reduction since March 2024 supporting growth.
-
Egypt’s dollar resources hit record high of $8.5 billion
Egypt's dollar resources hit a record $8.5B in July, with remittances at $3.6B and foreign reserves reaching $49B amid economic recovery.
-
Chinese president reaffirms support for expanded investment in Egypt
Chinese President Xi pledges expanded investment in Egypt's renewable energy and EVs, with $17B trade volume and 3,050 Chinese companies.