News
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AbouGhali Auto Leads a New Era in the Automotive Industry with the Launch of Sandstorm in Egypt
The launch of this brand is just the beginning of a promising future and a new Era in the automotive industry led by AbouGhali Auto.
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Egypt Accelerates Waste Reforms and Targets 60 Percent Recycling by 2027
Egypt has announced plans to elevate its municipal solid waste (MSW) recycling rate to 60 percent by 2027.
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Egypt economic outlook remains resilient despite global headwinds
Egypt’s economic outlook remains resilient despite mounting global headwinds, according to the international banking group Standard Chartered report.
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Mitsubishi Power completes hydrogen fuel conversion project in Egypt
The project also contributed to the utilisation of 14,000 tonnes per year of hydrogen-rich gases available in the production units.
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Legal challenges to the Old Rent Law begin after ratification
The law, finally approved by parliament after years of anticipation and conflict between landlords and tenants, has not put an end to disputes.
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Egypt to receive first train for Metro Line 4 in May 2026
The discussions also touched on expanding cooperation in the home appliance sector, particularly between Elaraby Group and Japanese companies.
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TMG achieves record EGP 211 Billion in real estate sales in H1 2025
Recurring income and services generated revenues of 4.6 billion pounds, compared to 2.7 billion pounds in the corresponding period of 2024.
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Egypt annual core inflation rises to 11.6% in July
Egypt's annual core inflation rose to 11.6 percent in July, up from 11.4 percent in June, according to the Central Bank of Egypt's (CBE) calculations.
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Egypt becomes first country to produce 91% of its medicines locally
Egypt meets 91% of medicine needs locally via 179 plants, raw material reserves, and 98% fewer shortages, boosting pharma self-reliance.
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Genesis enters Egyptian market, marking debut in Africa
Genesis opens its first African showroom in New Cairo, debuting luxury EVs like the GV60 and Electrified GV70/G80 with ICE pre-orders planned.
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Egypt's gas deal with Israel extension of 2019 agreement
Egypt extends the 2019 gas deal with Israel’s Leviathan field for 130 bcm over 15 years (~$35B), enhancing energy security amid geopolitical shifts.
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Egypt to Auction 550 Million Euros in One-year Euro-denominated T-bills
Egypt plans to auction €550M in one-year euro T-bills to replace €609.8 maturing, raising euros amid external revenue pressures.
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Egypt’s annual inflation slows to 13.9% in July
Egypt’s urban inflation eased to 13.9% in July from 14.9% in June, led by steep drops in prices of fruits, vegetables, and meat.
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Egypt’s Wuilt raises $2m to expand free website builder across MENA
Cairo’s Wuilt raises $2M to scale its free website-and-store builder across MENA, onboarding 20K+ merchants and launching AI tools.
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Egypt steps up support for pharmaceutical industry development
Egypt drives pharma growth with government incentives, localization, and foreign investment as sales jump 43% in 2024.
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A&K Sanctuary’s fifth riverboat in Egypt to set sail in 2026
A&K Sanctuary debuts Nile Seray, its most luxurious Nile vessel, in 2026 with 32 suites and a wraparound lounge between Luxor and Aswan.
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Orascom Investment Holding’s consolidated losses deepen 389.5% YoY in 2024
Orascom Investment Holdings reports a 38.95% year-over-year increase in consolidated losses for 2024.
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Egypt, China explore agricultural research partnership amid climate challenges
Egypt and China discuss joint agricultural research to combat climate change, focusing on crop resilience and sustainable farming
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Egypt to Reveal New Five-Year Economic Strategy by End of 2025
Egypt will reveal its new 5-year economic vision by the end of 2025, setting sector priorities and a public debt framework.
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India’s Willow Ferro launches $75 mln industrial investment in Egypt’s Technology Valley
India’s Willow Ferro launches a $75M steel inputs plant in East Ismailia’s Tech Valley, saving $75M in imports.