Latest news
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2,500-year-old lost city found hidden off the coast of Egypt
The sunken city of Thonis-Heracleion, Egypt’s largest port before Alexandria, shows its lost history through ongoing underwater excavations.
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21 AI tools and their benefits for Egyptian marketers
Here are 21 AI tools, along with their unique benefits, that can revolutionize marketing, content creation and management in Egypt.
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Bedaya: a comprehensive approach to human development in Egypt
This article examines the multifaceted activities of Bedaya, highlighting how its integrated approach is fostering human development in Egypt.
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10 key facts about Egypt’s new tax reforms for startups and freelancers
These reforms aim to simplify tax compliance and create a supportive environment for entrepreneurship. Here's what you need to know about them.
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Black Friday shows a shift in consumer habits in Egypt
The balance between traditional stores and online solutions remains central to understanding this transformation.
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Egypt Accelerates Construction of First Nuclear Power Plant
Rosatom CEO Likhachev praised Egypt’s efforts to expedite the project, highlighting the long-standing cooperation between the two nations.
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Egypt’s total trade with AU countries reached $9.2 billion
Egypt’s total trade with African Union countries reached $9.2 billion in 2023, marking a 5.7 per cent increase from the previous year’s $8.7 billion.
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Egyptian Gulf Residents Can Soon Transfer Money to Egypt via InstaPay
Transfers will be exclusively received in Egyptian pounds, with fees determined by individual banks based on the currency and country of origin.
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Textile Exports Set to Reach USD 1.4 Billion by 2025
The projected sales shows an up-mark from USD 1.2 billion in 2023.
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Egypt's Rare Bank Privatization Brings United Bank Shares To Market
Egypt’s Central Bank embarked on a rare privatization journey by putting 30% of United Bank up for grabs – only the second such sale in four years.
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Toyota Tsusho-led group to expand wind park in Egypt to 654 MW
Gulf of Suez Wind Farm II is owned by the Toyota Tsusho Group (40%), Engie SA (35%), and Orascom Construction Plc (25%).
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Egypt Increased Gas, Oil Production in Q3 of 2024
Badawi explained that the Ministry is working to attract more investments in the oil and gas sector, both local and international.
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EBRD extends €50 million guarantee to CIB for on-lending to Egyptian SMEs
The EBRD facility will help cover up to 50 per cent of the credit risk on as much as €50 million in financing for Egyptian SMEs originated by CIB.
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Egypt in talks with foreign companies over long-term LNG purchases
Egypt is buying dozens of cargoes this year and abandoning plans to become a supplier to Europe amid a steep decline in domestic gas output.
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Egypt Awards Licenses to Boost Call Center Sector and Digital Outsourcing
Egypt grants licenses to seven companies, boosting the contact center sector and solidifying its position as a global hub for digital services.
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Egypt intends to convert vehicles to run on natural gas
He highlighted the cost efficiency of natural gas compared to traditional fuels, its environmental benefits, and its increased availability.
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Egypt’s Qara secures $2.6 million to propel KSA expansion plans
Qara empowers producers with a fully integrated digital platform to ensure product authentication and full traceability to the end consumer.
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Machinery tops Egypt's imports from G20 countries in 2024
The value of Egyptian imports from the G20 amounted to about $46.6 billion during the mentioned period, compared to $40.7 billion.
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Fitch Ratings upgrades 4 Egyptian banks IDRs
Fitch Ratings has raised the Long-Term Issuer Default Ratings (IDRs) of the largest four banks in Egypt following the recent upgrade.
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Remittances from Egyptian nationals in KSA, USA record the highest during 9 months of 2024
In contrast, the value of remittances from G20 workers in Egypt amounted to about $215.6 million during the fiscal year 2022/2023.