Latest news
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SCCT turns to clean energy to protect East Port Said from EU carbon taxes
East Port Said handles around 79% of Egypt’s transshipment trade, and it is one of only two ports on the EU’s list of neighboring container transship.
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Egypt PM orders financial sustainability studies for state-owned press to settle debts
A comprehensive study for each state-owned press institution outlining mechanisms to achieve financial sustainability and settle accumulated debts.
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China’s Zenith to set up $300m tyre component plant in Egypt
Cairo signed a deal with China’s Sailun Group in August 2025 to build a $1 billion automotive tyre factory in the Suez Canal Economic Zone.
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Egypt to start paying public sector wage hikes from 20 July
This reflects its approved public sector wage increases from 20 July, raising the minimum monthly income for state employees to EGP 8,000.
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Egypt uncovers lost Byzantine-era city in the western desert
The recent discoveries at the Dakhla Oasis and at the Marina el-Alamein archaeological site, near Alexandria, are the latest findings.
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Egypt approves 2nd tax reform package to spur investment, ease business costs
Egypt's parliament has approved a second package of tax reforms to reduce business costs, improve liquidity, and encourage investment.
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Egypt expects €1.5B EU payment within days under support package
Cairo says tranche part of €7.4B financial package agreed with EU.
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Balance sheet of banks in Egypt climbs to EGP 24.9trn in February as deposits, lending expand
The CBE reported that banks’ cash balances stood at EGP 174.561bn in February, while balances with other domestic banks reached EGP 2.601trn.
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Egypt awards $560 million solar contract to Hassan Allam and Indian partner as renewable energy push accelerates
A Hassan Allam and Sterling and Wilson JV wins Egypt’s 1GW solar and storage contract.
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Egypt launches 'Child SIM' services to enhance online safety for children
Egypt's Ministry of Communications and Information Technology has officially launched two mobile internet safety services, marketed as the Child SIM.
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Agricultural Development Programme plans to double financing portfolio to EGP 10bn
The programme currently operates through a network of 16 participating banks, with the Commercial International Bank (CIB) serving as the lead agent.
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DP World launches Egypt's first integrated logistics centre
The Logistics Distribution Centre has been strategically positioned along one of the world's busiest trade routes.
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Steel consumption in Egypt: the consequences of devaluation
Flat steel products account for only 18–22% of consumption. The Egyptian industry consists of assembly of household appliances, minibuses, vehicles.
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Egypt brings quarterly fuel pricing back: What changes now
The committee can increase prices, keep them unchanged or reduce them, depending on the cost of supplying fuel to the Egyptian market.
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14 things to know about Egypt’s livestock expansion plan
The Ministry of Agriculture has approved a further EGP 499.4m for the programme, bringing total financing since its launch to more than EGP 11.17bn.
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Why Kasr Al-Ainy’s overhaul matters beyond healthcare
The redevelopment will be implemented in four phases so that medical services can continue while construction is underway.
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How to market during the World Cup without legal trouble
Restaurants can build match-night offers, retailers can create football-themed promotions, delivery platforms can respond to late-night demand...etc.
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EgyptAir launches first direct flights to Venice, Italy
EgyptAir on Monday launched its first flight to Venice, Italy, using its Airbus A320neo aircraft.
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Egyptian “Sallam Lab” confirms first Pterosaur Fossil record
This is Egypt’s first confirmed record of pterosaurs, flying reptiles that dominated the skies 145 million years long before the appearance of birds.
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Egypt reaches preliminary IMF deal for $1.64 billion in new funding
The agreement could unlock about $1.64 billion in new financing, subject to approval by the Fund’s Executive Board.