News
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Egypt sets 2030 tourism goal: 300,000 hotel rooms through investment reform
The initiative forms part of a broader strategy to restructure tourism investment and unlock the country’s vast potential as a global destination.
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SCZone attracts $7.1 bln in investments in FY 25/26
Egypt’s Suez Canal Economic Zone (SCZone) said it has attracted $7.1 billion in investments so far during the 2025/26 financial year.
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Egypt cuts 46 transport projects, presses ahead with $525M road works
Egypt’s Transport Ministry will advance 21 road and bridge projects in the next fiscal year, with an estimated investment of 28 billion EGP.
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Egypt transit trade jumps 35% in Q1 2026 on customs easing, infrastructure push
Egypt’s transit trade volume surged by 35 percent year-on-year in the first quarter (January–March) of 2026, Finance Minister Ahmed Kouchouk said.
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Industry minister engages Pharma Chamber to drive sector growth, boost exports
Egypt’s Minister of Industry, Khaled Hashem, held an extensive meeting with the Chamber of Pharmaceutical, Cosmetics and Medical Supplies Industries.
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Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The project — named SAFFly Egypt — is backed by Qatar’s Al Mana Holding and Saudi Vision Invest.
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Egypt sees 43% jump in tourist arrivals during first quarter of 2026
This represents a 43.5 percent increase compared to the same period last year, when the country recorded around 3.9 million tourists.
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EgyptAir suspends flights to Dubai, Sharjah, and Abu Dhabi
The decision was made due to developments in the region and based on instructions issued by the relevant authorities in the UAE.
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Egypt, Algeria sign crude oil MoU to enhance energy supply security and market stability
The MoU was concluded between the Egyptian General Petroleum Corporation (EGPC) and Algeria’s state-owned energy company Sonatrach.
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Egypt offers 31 ready-to-operate leather units in Robbiki
Offering 31 fully equipped production units ready for immediate operation, along with five service units, as part of efforts to localize industry.
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Esmat Advances Local Wind Turbine Manufacturing Plans
This follows previous talks in January with the Chinese company aimed at exploring cooperation opportunities in renewable energy.
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Egypt’s economic growth accelerates to 5.3% in first half of year, planning minister says
Growth rose from 2.4% in fiscal year (FY) 2023/24 to 4.4% in FY 2024/25, before hitting the 5.3% mark in the first half of the current year.
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Pharco Pharmaceuticals plans EGP 1.5bn investments to expand production, exports
The company is also advancing a major regional expansion, with a pharmaceutical plant under development in Saudi Arabia, located west of Medina.
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Egypt Raises Natural Gas Prices for Energy-Intensive Industries
The move affects industrial users but excludes households, whose supply contracts are already governed by existing pricing formulas, the decree said.
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Chinese tech giants push local laptop assembly to 2027
Plus: Khalda Petroleum eyes USD 1 bn investment budget to drill over 100 new wells next FY.
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Suez Canal economic zone investments hit $7.1bn so far this fiscal year
The economic zone has succeeded in drawing a total of $16bn in investments from 28 countries over the past three years and nine months.
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Egypt incurs $10B in Suez Canal losses over Gaza war, president says
These attacks have led to a sharp decline in the number of ships transiting the canal, one of Egypt’s main sources of foreign currency.
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Egypt re-elected to BADEA Board, to chair in 2027
Egypt has been re-elected to a non-permanent seat on the Board of Directors of the Arab Bank for Economic Development in Africa for the 26-29 term.
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Egypt earmarks EGP 5.5 bn for new automotive export subsidies
The government is also currently targeting the addition of four new companies to join the Automotive Industry Development Program.
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Suez Canal sees transit of one of world’s largest ships
The Suez Canal Authority announced the passage of the giant container ship CMA CGM Grand Palais during its maiden transit through the canal.