Latest news
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How did Egypt manage to save $900million in 10 months?
Egypt’s ability to save $900 million in under a year showcases the effectiveness of Egypt's reforms.
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Egypt cracks down on non-compliant mobiles starting February
This move is part of a broader effort to curb smuggling, protect users, and bolster Egypt's growing local electronics industry.
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DeepSeek: A game changer for Egyptian digital marketers
With its affordability and efficiency, Deepseek presents an opportunity for marketers to optimize their campaigns, and generate content faster.
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Egypt just registered a new type of mango as Cleopatra
This new variety is fibreless, sweet, and promises a hefty harvest. Cleopatra mangoes are grown from Giza’s seedling trees.
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Egypt’s hotels increase room rates by 7-15 percent
Egyptian tourism companies have raised hotel accommodation prices by seven to 15 percent in anticipation of a recovery in travel rates.
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Egypt eyes 5.5% growth in next three years
He made these remarks during a recent meeting with specialised advisory committees, as per a Cabinet statement on Tuesday.
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Tourism Sector in Egypt grows by 8.2% in First Quarter of FY2024/2025
This statement was made during a meeting with a JPMorgan Chase delegation and several investors to explore opportunities.
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Egyptian expats remittance inflows grew by 65.4% in November 2024
The remittances of Egyptians working abroad increased again in November 2024 by 65.4 percent to reach approximately $2.6 billion.
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Egypt to revive Ataka hydropower plant project
The state awarded the contract to build and fund a pumped-hydro storage plant to Sinohydro in 2018.
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Egypt issues $2 bln in int’l bonds market, 1st time since 2021
Egypt has issued $2 billion in the international bonds market for the first time since 2021, marking a significant step in addressing its gap.
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Egypt’s GUPCO Confirms New Oil Discovery in Gulf of Suez
GUPCO will complete the development of the discovery by drilling two additional wells, which will contribute to adding over 5,000 barrels.
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ITIDA, Concentrix sign MoU to invest $1 bln in Egypt's outsourcing landscape
The agreement aims to strengthen collaboration between the two entities and support the growth of Concentrix Egypt’s export-driven services.
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Turkish companies eye $300mln investments in Egypt during 2025
The bilateral trade volume between the two countries, excluding liquefied natural gas (LNG), would hit $10 billion by the end of 2025.
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Pre-drilling estimates in Gulf of Suez indicate 8 mln barrels of crude oil reserves
The petroleum ministry anticipates that production volumes may exceed this estimate.
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Saipem drillship arrives in Egypt to work on Eni’s giant gas field
The Italian firm classifies the field as a supergiant, containing 480 million barrels of oil equivalent (mmboe).
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Google Wallet Arrives in Egypt January 2025
The platform’s integration within the Google Pay ecosystem allows it to function as a secondary digital payment tool in Egypt.
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BMI Research lowers Egyptian household spending expectations for 2025
When excluding inflation, nominal household spending is expected to rise by nearly 21.5 percent in 2025, reaching LE 14.7 trillion.
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Coca-Cola inaugurates new $31.5 mln production line in Egypt
Coca-Cola has officially launched a new production line at its Sadat City factory, backed by a $31.5 million investment.
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Luxor named ‘First World Capital of Culture, History and Heritage’
The African-Asian Union (AFASU) has named Luxor city as the “First World Capital of Culture, History and Heritage”.
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Egypt aims to boost agricultural exports by 20% in 2025
The state hopes to double agricultural exports starting in 2026 or 2027, supported by growing cultivated areas, Farouk added.