News
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Egypt’s Intella raises $12.5 Million to grow Arabic AI capabilities
Intella develops voice-enabled AI systems tailored to Arabic dialects, offering solutions such as speech-to-text transcription.
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Egypt cracks down on soaring cement prices
Egypt is taking steps to stabilize the cement market by boosting production, limiting exports, and enforcing transparent pricing.
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Air Cairo Introduces its New Sharm El-Sheikh to Sochi Route
This move marks a pivotal step in enhancing tourism between the two countries, particularly for Russian tourists seeking to visit Egypt’s Red Sea.
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Financial inclusion rises to 76.3% in Egypt as of June 2025
76.3 percent of Egyptians aged 15 and above owning and using active financial accounts as of June 2025, up from 74.8 percent in December 2024.
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From Sohag to the World: Egypt’s Center of Textiles and Art
In Sohag, nature is not the neatly trimmed trees that city dwellers know. It is not organized into tidy lines or curated like an exhibition.
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Chinese firm's $8 mln deal pushes Egypt’s Qantara zone investments past $1 bln
A new $8 million investment by Chinese company ShuaNFENG has pushed total investments in the Qantara West industrial zone.
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Egypt plans to increase renewable share in its power mix to 20% by 2026
To enhance its regional role as an energy hub, the country aims to increase the its interconnection networks to 3.9 GW (currently at 780 MW).
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Egypt hosts historic G20 meeting on food security
The meeting gave Egypt an opportunity to put the famine in Gaza and the fragility of the global food system at the center of the discussion.
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Egypt non-oil private sector shrinks again in August: S&P
Egypt’s non-oil private sector economy saw another modest contraction in August, as weak demand weighed on activity.
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Egypt to launch new National Economic Development Narrative on Sunday
Egypt will unveil a new National Economic Development Narrative on Sunday, 7 September, as a unified framework guiding reform efforts.
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Egypt to double energy spending by 2025-2026
The program aims to diversify energy sources, expand production from renewables and strengthen the national grid to meet growing demand.
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Egypt Installs First-Ever Air Purification System Inside Great Pyramid
It was installed in the King’s and Queen’s Chambers in cooperation with El-Araby Group and Sharp Corporation of Japan.
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Egypt ready to host new Chinese factories in Suez Canal Zone
Egypturgedthem to expand their investments in Egypt, with a particular focus on electric vehicles, water desalination, and renewable energy
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Egyptian fintech startup Munify raises $3m seed round to expedite market expansion
Egyptian fintech startup Munify has raised a US$3 million seed round led by Y Combinator to expedite engineering, compliance, and market expansion.
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Egypt Climbs the Global Travel Rankings to Secure 24th Position for 2025
The Egyptian Cabinet’s Information and Decision Support Center (IDSC) has recently highlighted critical insights from a worldwide travel report.
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China Energy Engineering Corporation plans to invest $1bln in Egypt over 5 years
China Energy Engineering Corporation is seeking to invest $1 billion in Egypt over the next five years, according to a statement.
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Egypt oil firm achieves AI-driven discoveries, boosts reserves
The company added reserves of about 62.4 million barrels of oil equivalent in a mature area where production had been suspended for many years.
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Egypt’s Petromaint wins $121 million deal to maintain Iraqi oilfield
Petromaint intends to broaden its market footprint by expanding its cooperation with international operators in Iraq, particularly Italy’s Eni.
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Egypt to invest US$3 billion in agriculture and irrigation in FY 2025/26
Of the total, about US$362million will come from public investment, while the private sector is expected to provide nearly US$2.64 billion.
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Multinational consortium agrees to invest US$220 million in solar PV, BESS factory in Egypt
The factory’s cells will be designated for “export to global markets”, which could be significant as many countries with growing solar sectors.