News
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Egypt finalises preparations to produce new passenger car models
The ministry is committed to expanding the range of vehicles manufactured locally.
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2025’s best Certificate of Deposit with the highest return in Egyptian banks
The Arab African International Bank (AAIB) has launched the Four-Year Bullet Certificate of Deposit, offering a cumulative return of up to 100 percent
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Cairo to host Egypt-Gulf Trade and Investment Forum in November
The delegation included senior economic advisors from the GCC Secretariat, alongside representatives from several Egyptian ministries and state bodies
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Islam Azzam named Chairman of Egyptian Exchange
Prime Minister Mostafa Madbouly has appointed Dr. Islam Azzam as Chairman of the Egyptian Exchange for a one-year term.
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Egypt’s food exports rise 6%
Over the past decade, Egypt’s food exports have more than doubled, rising from $2.7 billion in 2015 to $6.1 billion in 2024.
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Manufacturing, extractive index drops 11.9% in June 2025
Manufacture of leather and related products rose by 10.7% in June, reaching 46.15 compared to 41.68 in May, supported by stronger supply and demand.
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Egypt’s remittances hit record $36.5 bln in FY24/25
Remittance inflows from Egyptians working abroad surged to an all-time high of $36.5 billion during FY2024/2025, which ended on 30 June 2025.
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Egypt’s e-commerce leads country’s digital transformation as activity expands
Egypt’s e-commerce market was valued at $10.2 billion in 2025 and is projected to nearly double to $19.3 billion by 2030.
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Terminal 4 of Cairo airport to become leading model in airport design
He added that the project is expected to become a leading model in airport design and operation worldwide.
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Egypt’s Mining Sector Reports Increased Gold Production and Expansion Initiatives
A significant part of this growth strategy includes the construction of an Industrial Complex for Gold Extraction in Aswan, covering 1,422 acres.
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Egypt Ranks World’s Third-Largest Exporter of Dried Onions
Germany led as Egypt’s top importer, accounting for 22% of the dried onion exports with $14 million, followed by the Netherlands with 17%.
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Egypt to integrate AI technologies into tax system
Egyptian Tax Authority (ETA) is preparing to integrate artificial intelligence (AI) technologies into its operations.
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Grand Egyptian Museum reshaping Egypt’s image
The Grand Egyptian Museum, set to open on November 1st, is set to become a turning point in the history of museology worldwide.
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Egypt in talks with China Energy on solar, battery localisation
The minister discussed with company representatives plans to develop 1,000 MW of solar power projects, a 600-MW battery energy storage system.
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Improved Economic Indicators Raise Expectations of Interest Rate Cuts
Most analysts agree that a cut is on the horizon, though opinions vary over its size. Forecasts range from a reduction of 1 to 3 percentage points.
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Egyptian Products That Actually Live Up to the Hype
Not every trending item merits the rush, but a handful of Egyptian brands have earned their popularity with solid performance.
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Egypt tourism surges 24% in first half of 2025 as regional tensions ease
Egypt welcomed 8.7 million tourists in the first half of 2025. This represented a 24% jump from the same period last year.
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Naguib Sawiris Proposes Land Sales to Address Egypt’s Debt
Naguib Sawiris suggests selling North Coast and Red Sea land in dollars to ease Egypt’s foreign debt burden.
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ECMR Expands Operations to Include Tin Ore, Targets Production Boost
Established in 2003, ECMR serves as the economic arm of the Mineral Resources and Mining Industries Authority.
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Egypt central bank set to cut rates by 100 basis points
The bank kept key interest rates unchanged in its latest MPC meeting on July 10, pausing a trend of rate reductions, following an uptick in inflation.