Latest news
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Egypt swelters under heat wave amid discontent over rolling power cuts
Egypt's government has introduced rolling power cuts aimed at saving fuel to keep power stations running.
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Egypt to block unlicensed digital and satellite platforms
The decision aims to create a conducive environment for attracting more investments in the field of e-commerce.
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Egyptian trade with G7 countries shrunk by 17% last year
Egyptian exports to the G7 countries saw a significant decline of 9.7% compared to the previous year, totaling about $8.6 billion in 2023.
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Marriott to launch new Tribute Portfolio hotels in Egypt
The new hotels is set to open in 2027 and 2029 respectively in West Cairo and the North Coast.
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Egypt to Launch Electronic Platform for Medical Tourism
The platform, set to launch soon, is geared towards facilitating medical treatments and hospitalization for tourists.
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HSBC to back fintech in Egypt with $31 million fund
HSBC Egypt is planning to launch a fund worth EGP 1.5 billion ($31.5 million) to back the fintech sector in the North African country.
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Spanish Development Agency funds 20 programs in Egypt
Support fields include women empowerment, water resources, supporting private sector, as well as developing the skills of women in Upper Egypt.
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The U.S Commits to Egypt’s Creative Industries
The U.S. officials hosted a roundtable discussion with creative industry private sector representatives and Egyptian government officials.
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U.S. pledges $130 million to support Egypt’s development efforts
This partnership will contribute to stimulating Egypt’s private sector participation in diverse projects.
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Abu Dhabi Ports Group signs concession agreements to strengthen Egypt’s tourism sector
The agreement is to develop, operate and manage three cruise terminals at Safaga, Hurghada, and Sharm El Sheikh ports.
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ITFC anticipated to disburse $200mln tranche to EGPC
EGPC will use the tranche to fund the purchase of petroleum derivatives and petrochemicals.
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5 Visa-Free Destinations You Can Visit With Your Egyptian Passport
The Egyptian passport allows holders 17 visa-free destinations, and 32 others with visa acquisition upon arrival.
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Egypt's logistics sector in 2024: 10 essential facts
Egypt is rapidly emerging as a global logistics powerhouse, thanks to its strategic location, comprehensive infrastructure development, and reforms.
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UAE's AD Ports Group invests in Egyptian cruise terminals
UAE’s AD Ports Group is set to invest $4.7 million in developing and managing cruise terminals in Safaga, Hurghada, and Sharm El Sheikh.
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What is a debt-for-development swap? and why Egypt wants it?
This innovative strategy can help nations tackle debt burdens while simultaneously funding essential development initiatives.
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What do consumers expect from AI?
Here we tackle AI recommendations desired by consumers, based on insights from Adobe Digital Trends report to help Egyptian marketers stay ahead.
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Egyptian manuscript sold at Christie’s auction for £1.25 Million
This Egyptian manuscript contains the oldest surviving evidence of the Gospel in the Aramaic dialect, the closest language spoken by Christ.
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Thousands of tourists face unprecedented crisis in Egypt
The German travel and tourism group FTI’s bankruptcy has thrown the itineraries and payments of 11,000 tourists in Egypt into disarray.
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Egypt’s economy to grow to 4.2 percent in 2024
The World Bank attributes Egypt’s economic expansion in 2024 to several factors including the rise in investments, particularly in the Ras El Hekma.
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Egypt secures $10.04B foreign direct investments in FY2023/2024
This represents a growth rate of 12.3 percent compared to the FY 2022/2023.