News
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Egypt’s real GDP growth records 4.9% in Q1 2026
CBE estimated that real GDP growth is at around 4.9 percent in the first quarter (Q1) of 2026.
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Egypt and Morocco Dominate Africa’s Hotel Pipeline
Egypt’s hotel pipeline looks extraordinary on paper — the real story is whether financing, construction, and demand can keep pace with ambition.
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Regulatory Authority Grants Six New FinTech and Digital Insurance Entities
This decision aims to support innovation and expand financial inclusion.
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Egypt, India consider using local currencies for bilateral trade
Egypt and India are preparing to seal a trade agreement to use their respective local currencies for bilateral trade.
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The Times recognizes the Grand Egyptian Museum as a new world wonder
Grand Egyptian Museum (GEM) is a billion-dollar architectural triumph that has finally transitioned from a long-delayed vision into a concrete reality
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Egypt plans LE3.7TN investments under 2026/2027 development strategy
The minister said the Egyptian economy has demonstrated notable resilience despite regional and global challenges.
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Egypt, APPO discuss advancing Egyptian-African integration efforts in oil, gas, energy
The meeting also discussed ways to support Egyptian-African integration efforts in the oil, gas, and energy sectors.
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Egypt weighs global offers for Hurghada Airport management
Nearly 10 international and regional consortia, including Egyptian and Arab businessmen partnered with European airport management firm.
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Egyptian pound stabilizes against US dollar
The Egyptian Pound has stabilized against the US dollar, continuing to trade closer to EGP 52 per $1 on Sunday’s close of business (COB).
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Qalaa Holdings preps river transport subsidiary NRPM for EGX listing
NRPM is a heavy hitter in our local logistics and river transport sector, operating the Tanash River Port in Giza.
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Egypt targets stronger global presence in phosphate and fertilizer markets
The government is continuing its efforts to maximize the utilization of Egypt’s abundant phosphate reserves and expand the production of phosphate.
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Egyptian Engineers Built the Arab World’s First Autonomous Harvesting Robot
The robot uses computer vision, artificial intelligence, and autonomous navigation to identify ripe crops, plot efficient farm paths, and harvest.
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Harbour Energy Starts Fayoum-Messinian Gas Development in Q2 2026
The UK-based company posted Q1 2026 revenues of $3.0 billion, up from $2.8 billion a year earlier.
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Travco to Launch New Egyptian Airline with $150m Investment
The airline will initially operate a fleet of three aircraft before gradually expanding to approximately 20 planes within the first five years.
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Egypt Targets 15 Million Mobile Phone Output in 2026
Output has grown from three million units in 2024 to 10 million in 2025, with further increases planned.
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New offshore gas discovery in Egypt
Italy’s Eni and the UK’s BP have made a new natural gas discovery in the Nile Delta region.
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Trafigura takes minority stake in Egyptalum smelter expansion
The expansion will carry an investment ticket of USD 750-900 mn and doubles the Naga Hammadi complex’s capacity.
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World Bank raises Egypt financing to $1 bln amid regional turmoil
The World Bank has increased its development financing for Egypt from $700 million to $1 billion to help the country absorb the economic tension.
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Egypt suspends new licenses for restaurants and cafes in four neighborhoods
Cairo Governor Ibrahim Saber announced a suspension on new licenses for restaurants and cafes in Heliopolis, Maadi, Zamalek, and Garden City.
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Egypt plans to advance digital transformation at Egyptian airports
Expect an expanded rollout of advanced digital solutions, alongside greater utilisation of artificial intelligence and data analytics technologies.