News
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"The worst has passed," Egypt's Prime Minister assures his people
Egyptian PM declares economic challenges behind Egypt, asserting that debt repayment issues have been resolved after a severe recent downturn.
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Gold heads for fourth weekly gain amid rate cut expectations
Gold prices rise for fourth consecutive week as weak US labor market fuels Fed rate cut expectations, overshadowing inflation concerns
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Egypt, Tunisia seal 8 agreements to expand strategic partnership
Egypt and Tunisia sign eight MoUs across multiple sectors, reinforcing bilateral ties and advancing strategic cooperation.
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No electricity price hike: Egypt’s Prime Minister
PM Madbouly confirms no electricity price hikes are planned; the government focuses on reducing domestic debt to unprecedented low levels.
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Global AI leaders gather in Cairo ahead of AI Everything MEA Egypt 2026
Cairo hosts the AI Everything Middle East & Africa Egypt 2026 summit, bringing together global tech leaders and startups at Sultan Hussein Palace.
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Red Sea coral reefs show promising recovery in Egyptian monitoring programme
Egypt's Red Sea coral reefs show promising recovery in 2025 monitoring programme, with no widespread bleaching detected this year
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First Abu Dhabi Bank announced as main partner of Abu Dhabi Jiu-Jitsu Pro Egypt National Championship
First Abu Dhabi Bank sponsors AJP Egypt National Jiu-Jitsu Championship, reinforcing position as leading supporter of sports initiatives.
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Investments in Egypt’s New Capital Hit EGP 50 Billion in 2025
Investments in Egypt’s New Capital reached EGP 50 billion this year, with total assets now at EGP 360 billion and profits reaching EGP 35 billion.
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Egypt strengthens inter-ministerial cooperation to upgrade healthcare sector
The health minister emphasized the need to accelerate project implementation, adhere to established timelines, and conduct regular follow-ups.
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Egypt’s mobile wallet transactions surge 80% as cashless drive accelerates
Egypt’s mobile wallet sector posted rapid growth in the second quarter of 2025, with financial transactions jumping 80 percent year-on-year to 718 m.
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Egypt ‘Will Not Be Impacted’ by Cancellation of Israeli Gas Deal, Says SIS Head
Rashwan described Israeli Prime Minister Benjamin Netanyahu’s threats to shelve the multi-billion-dollar gas deal with Egypt as political pressure.
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Core inflation slows to 10.7% as CBE cuts rates by 200 points
On a monthly basis, core inflation declined to 0.1 percent, compared with 0.9 percent in August 2024.
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Egypt, Azerbaijan to hold joint committee, business forum in October
It aims to advance economic, trade, and tourism cooperation and will cover opportunities in fields including renewable energy, oil and gas.
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Egypt, UNICEF launch 1st intellectual education curriculum for kindergarten
The Ministry of Education and Technical Education has launched Egypt’s first intellectual education curriculum for kindergarten, developed in partners
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Egypt launches advanced seismic survey project in Eastern Mediterranean
The minister stressed that the initiative will support exploratory and productive drilling activities, ultimately boosting domestic gas production.
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Egyptian Museum in Tahrir Opens Exhibit of Amenhotep III Palace Murals
Permanent exhibition assembles restored paintings from King Amenhotep III’s Malqata palace for the first time since their 19th-century discovery.
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Letswork expands to Egypt and Lebanon with 25 new workspaces across the region
Regional expansion taps into growing hybrid-work trend, with nearly three in five Middle East employees favouring flexibility.
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El-Sisi urges BRICS to embrace local currencies
El-Sisi outlined five strategic priorities he believes are crucial for navigating today’s global challenges.
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Pakistan’s Interloop to invest USD 35 mn in Qantara West garment factory
The 60k sqm facility will produce socks for global brands, denim, and sportswear.
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Egypt Secures Over 1M Tons of Fertilizers for Summer Season
Fertilizers are provided at a subsidized and fixed price of 4,500 EGP per ton, with only minimal transport fees allowed.