News
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CBE expands banking reach with new service unit regulations
CBE issues new regulations allowing banks to establish service units outside branches, expanding geographical coverage nationwide.
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Egypt eyes establishing new gold extraction plant in Eastern Desert
Egypt studies the gold extraction plant at the Iqat mine in the Eastern Desert with the Wealth and Resources Mining Company as a contractor partner.
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Egypt’s PMI slips to 49.2 in August as non-oil private sector weakness persists
Egypt's PMI falls to 49.2 in August from 49.5 in July, remaining below the neutral 50 mark, according to an S&P Global report.
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Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects
Egypt advances historic Cairo upgrades with the Azbake Garden revival and the EGP 50M Ataba market project 80% complete, modernizing commercial areas.
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HFZA showcases innovative investment solutions at Metal and Steel Middle East 2025 in Egypt
HFZA showcases advanced investment solutions at Metal and Steel Middle East 2025, promoting free zone opportunities for industry.
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Gulf Air to operate seasonal flights to El Alamein, Egypt
Gulf Air launches seasonal flights to El Alamein, Egypt, starting in 2026 on Airbus 320, following the Bahrain Crown Prince's official visit.
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Fayoum to Get Its First Geopark in Cooperation With UNESCO
Fayoum to get first UNESCO geopark as Ministry of Environment and UNESCO assess criteria, expanding marine conservation cooperation.
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Wadi El Rayan one of most attractive ecotourism sites
Environment Minister calls the Wadi El Rayan waterfalls unique nationwide, promoting ecotourism with a private sector integration plan.
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Egypt secures 9th global spot leads Africa in attracting foreign investments
Egypt ranks 9th globally, 1st in Africa for foreign investment with $46.1B net inflows in FY23/24, leading investment destinations.
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Egypt, Cyprus to accelerate gas field link, aim for exports to Europe
Egypt and Cyprus accelerate the Kronos gas field link to Egyptian infrastructure, targeting European gas exports by 2027 as a regional hub.
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EFG Hermes raises TMG share price target to EGP 130
EFG Hermes raises TMG share price target to EGP 130, citing EGP 3.9T development portfolio and expansion into Iraq and Oman markets.
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Egypt’s Tourism Industry Poised For Growth As Grand Egyptian Museum Opens In November
Grand Egyptian Museum opens November 2025, world's largest archaeological museum with 5M+ annual visitors expected and complete Tutankhamun collection
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Egypts slams Israeli threats as gas agreement hangs in the balance
Egypt slams Israeli threats over gas agreement suspension, with an Egyptian official saying Israel needs the deal more; Egypt has alternatives.
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FRA approves Madinet Masr’s SAFE Real Estate Fund establishment
FRA approves Madinet Masr's SAFE Real Estate Fund establishment, developed by Minka Development for secure fixed earnings assets.
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Egypt achieves full self-sufficiency in medicines for chronic diseases
Egypt achieves 100% self-sufficiency in chronic disease medicines, with domestic production meeting 91.5% of total pharmaceutical demand.
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Basata unveils $7mln investment plans, mulls expansion in Gulf markets
Basata unveils $7M investment plans with Gulf market expansion and potential acquisitions; final decisions expected by end-2025.
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Egypt, Bahrain strengthen economic ties at Business Forum in Cairo
The Egypt-Bahrain Business Forum launches in Cairo with Trade Minister inaugurating the event to deepen bilateral economic cooperation ties.
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Egypt second in Africa and Arab World in global tourism ranking
Egypt ranks 24th globally, 2nd in Arab world and Africa for tourism destinations in 2025 based on 295K worldwide participants.
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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.