News
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Egypt's Farid expands to Saudi Arabia
Founded in 2024 by Mahmoud Hussein, the Farid platform focuses on character education and mental health support for children and youth aged 3 to 18y.
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Fifth Floating Regasification Unit to Join Egypt’s Gas Grid via Aqaba Port
Egypt has secured an additional source of natural gas through cooperation with Jordan, according to the Ministry of Petroleum and Mineral Resources.
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Aroya Cruises Returns to the Red Sea with Saudi Arabia and Egypt Itineraries
The ship will now offer a range of three-, four-, and five-night voyages to destinations.
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Egypt’s MCV, Sweden's Volvo launch $62 mln electric bus production line
El-Wazir said the investment reflected confidence in Egypt’s economy and policies for attracting high-tech industries.
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Egypt ramps up privatization efforts ahead of key IMF review
Egypt is accelerating its privatization program as it prepares for a crucial review by the International Monetary Fund (IMF).
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Egypt Launches Three New Investor Incentive Packages in 2025
The approach is designed to ease burdens on the private sector while providing greater clarity and certainty for the investment community.
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53% of Egyptian SMEs adopt digital payments
Visa said such tools have evolved from simple payment methods to “strategic instruments” for efficiency, customer experience, and growth.
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World Bank flags human development challenges, opportunities in Egypt
A new World Bank report, titled "Embracing and Shaping Change: Human Development for a Middle East and North Africa in Transition".
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Egypt eyes 65% private sector contribution by 2025/2026 amid privatization push
To support this, the government expanded its divestment list to 35 companies, adding Eastern Company, Ezz Dekheila Steel, and Telecom Egypt.
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Petroleum min. underscores need for promoting investment areas in southern Egypt
He also stressed the importance of supporting human resources in the sector through training programs.
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Egypt Accelerates Financial Inclusion With Record E-Wallet Adoption in 2025
The number of e-wallets increased by 29%, reaching 46.3 million e-wallets in the second quarter of 2025 compared to 35.8 million e-wallets in 2024.
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Egypt construction sector grows 20% in 2024: GAFI chief
Egypt’s construction sector expanded by 20 percent over the past year, attracting EGP 56 billion (over $1 billion) in new investments.
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Egypt introduces temporary steel import tariffs to maintain fair local market conditions
The decision, effective September 14, targets specific steel imports in a recent bid to bolster the local market after several complaints.
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Damietta Port receives giant vessel “YANG FAN” with record cargo load
The YANG FAN is among the world’s largest general cargo ships, measuring 289 meters in length, 45 meters in width, with a draft of nearly 14 meters.
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Egypt Signs Oil and Gas Exploration Deals Worth More than $121 Million
The deals were with Parenco Egypt, Dubai-based Dragon Oil and Apache, for about $46 million, $40.5 million and $35 million respectively.
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Egypt signs $121m oil, gas exploration agreements
Egypt has signed three exploration agreements worth over $121 million with Parenco Egypt, Dragon Oil and Apache to drill new wells.
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Egypt invites US investment in ports, shipping, and rail sectors
Egypt is open to cooperation with all international companies, including American ones: minister.
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Egypt steps up fight against feed counterfeiting to protect farmers
According to the ministry, the initiative is aimed at protecting animal health, stabilizing production costs and the country’s food security.
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Egypt to add 200kg of seized gold to Central Bank’s reserves: Public Prosecution
The gold, seized in legal cases and refined at the prosecution’s expense, will be added to the Central Bank of Egypt’s (CBE) stockpile.
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Energean Says Its Egyptian Platforms Hold 3 Trillion Cubic Feet of Gas
Energean, through Energean Egypt, maintains and operates a full-cycle production, development, and exploration portfolio.