News
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Egypt records eight M&A deals worth $22m in Q1 2026
The report revealed that the Middle East recorded 196 announced deals. Egypt accounted for eight, valued at $22m, down from 11 deals a year earlier.
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IDA seeks EGP 21 bn to fix industrial land shortage
The Industrial Development Authority is asking for EGP 21 bn to service 17 industrial zones, but lawmakers want the authority to rely on its resources
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Egypt earns international recognition for civil aviation progress
They cited Egypt's rapid development of its civil aviation sector and its growing ability to host major global aviation events
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Egypt Cabinet Imposes VAT on Natural Gas, No Impact on Households
It is subject to a table tax of EGP 20 per 1,000 cubic feet. This comes as part of a wider plan to increase state revenues and widen the tax base.
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Egypt, China extend currency swap deal for three more years
The two countries initially signed the bilateral currency swap deal in December 2016, with a value of 18 billion yuan, or $2.62 billion, for 3 years.
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Egypt seeks closer industrial cooperation with Ireland in pharmaceuticals, technology sectors
Egypt aims to benefit from Irish expertise in advanced industries and technology-intensive sectors to support local manufacturing and technology.
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New weekly shipping service links North Europe and Egypt
From Port Said and Alexandria, cargo can connect into wider shipping networks serving multiple global destinations.
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Egypt’s investment fund industry hit EGP 411 bn in 1Q 2026, up 30% in a quarter
Money market funds still dominate at 67% of NAV, but the fastest growth is in gold and real estate funds.
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Egypt’s Competition Authority approves eight economic concentration transactions across key sectors
The committee approved the acquisition by Beaulieu International Group of a 50% stake in Infrastructure Reinforcement Industrial Company.
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Egypt inaugurates Al-Nasr Floating Bridge 2 to ease traffic bet. Port Said & Port Fouad
It is built from five steel pontoons that allow sections to open for the passage of vessels through the Suez Canal.
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Egypt mulls global logistics hub in Suez Canal
Egypt is working to review a proposal for a global logistics distribution centre aimed at strengthening the role of the Suez Canal Economic Zone.
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Egypt invests over $6 bln in telecom infrastructure since 2019
Egypt also allocated new frequency bands totalling 410 MHz to the country’s four telecom operators in February for $3.5 billion.
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"We shipped our first container of Egyptian watermelons to the European market"
The watermelon season typically begins in May, but fresh harvests keep coming until late July.
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Egypt qualified to become energy hub linking Caspian region and Europe
Egypt is also planning to strengthen cooperation with Azerbaijan and Turkey and expand its mining and energy sectors.
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Egypt studies sustainable development plan for Blue Hole diving site in South Sinai
According to the ministry, the Blue Hole attracts more than 110,000 visitors annually for scuba diving, freediving, and snorkelling activities.
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Concentrix Expands Egypt Operations With Five New Centers and 11,000 Jobs
The expansion is part of the company’s broader strategy to strengthen its presence in Egypt’s business and contact centre services sector.
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Egypt targets local wheat procurement of 5 million tons: Minister
Last season, Egypt procured over 4.3 million tons of wheat, while Egypt's wheat harvest typically runs from mid-April to mid-July.
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Sungrow commissions 1.4 MWp solar plant for Egypt’s desert oil facility
A 1.4 MWp solar plant at Egypt’s Esh El Mallaha oil facility will support desert operations with onsite PV power and Sungrow SG150CX inverters.
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Egypt’s banking sector net foreign assets rise to $22.9bn in April 2026
The US dollar exchange rate stood at EGP 54.6366 in March before easing to EGP 53.6663 in April.
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Egypt, Turkey discuss expanding cooperation in energy, mining
This is following the decision by Turkish company OZ Mining to study gold exploration opportunities in Egypt’s Eastern Desert.