News
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Egypt, South Africa seek cooperation in pharmaceutical, automotive manufacturing
South Africa wants to begin automotive manufacturing in Egypt and take advantage of the country’s Egyptian Automotive Industry.
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Egypt’s total fertility rate drops to 2.34 as population strategy yields results
The country’s crude birth rate also declined to 18.1 births per 1,000 population from 19.5 per 1,000 over the same period.
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Central Bank tightens rules on loans to businesses
CBE has requested banks in the country to no longer grant loans intended to finance the creation of businesses.
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Egypt House approves EGP 8.18 tln budget with for FY2026/27
The budget aims to bolster spending on essential services, social protection, and public investment while honouring the state's financial obligations.
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Robert De Niro unveiled Egypt's first Nobu Residences project in Egypt
The North Coast development will include a Nobu hotel, residences and restaurants, expanding the Japanese-inspired luxury brand's presence in Egypt.
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Strait of Hormuz crisis makes Suez Canal safe alternative for Gulf states and Europe
The continued closure of the Strait of Hormuz has exacerbated economic repercussions in the region, even after the end of the US-Iran war.
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Norway’s Scatec to invest $5bn in Egypt green energy over next two years
Norway’s Scatec plans to inject up to $5bn in new investments into Egypt over the next two years, company officials announced.
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FRA registers first debt collection companies under new framework
Non-banking financial institutions will be prohibited from contracting unregistered collection companies once the compliance period expires on 22 July
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Records are being broken on both wheat procurement and imports
Egypt is breaking two wheat records in one season — local procurement and imports — with 4.6 mn tons already in and two months to run.
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Egypt is redrawing infrastructure finance
The OECD is pushing Egypt to end blanket sovereign guarantees in PPP projects.
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Egypt's food exports rise 7.1% to $2.43bln in Jan–Apr 2026
Egypt's food industry exports rose 7.1 percent year-on-year to $2.43 billion during the first four months of 2026, driven by stronger demand.
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Egypt Adopts Global ISO 20022 Standard for Bank Transfers
The upgrade to the country's payment system aims to speed up transactions and improve cross-border transfers.
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The Oil Ministry is eying 14 Mediterranean exploration wells in USD 1 bn+ drilling push this year
The Med push is part of a wider 101-well exploration program for 2026, with total expected drilling investment of USD 1.31 bn.
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Egypt, Sierra Leone ink deal to strengthen pharmaceutical regulation
The memorandum also includes cooperation in training programs and workforce development to strengthen regulatory capabilities.
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China's Phosphate Ore Imports Drop 36.4% MoM in May, Egypt Share Surges to 98%
In May 2026, China imported 131,000 mt of phosphate ore, down 36.4% from April, with the average price easing 2.6% to $93/mt.
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EIB considers backing Alcazar’s Ras Ghareb, Scatec’s Dandara projects
European lender is appraising a USD 152 mn slice of Alcazar’s wind debt, alongside an undisclosed package for Scatec’s B2B solar lifeboat for Egypt.
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Egypt boosts gas flows to fertilizer plants following export levy hike
The government was keen to raise supplies so factories could meet their export contracts, especially amid growing global demand for fertilizer.
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Egypt to receive fresh EUR 1.5 bn from EU this month
The tranche is part of the EUR 7.4 bn EU-Egypt strategic partnership announced in March 2024.
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Ancient al-Qasr temple in Bahariya Oasis reveals layers of Egypt’s religious past from Psamtik I to earlier dynasties
Archaeologists working in Egypt’s Bahariya Oasis have uncovered new architectural remains from the ancient Temple of al-Qasr, a religious complex.
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Egypt signs strategic agreements to advance vaccine and serum localisation
Partnerships aim to strengthen technology transfer and expand domestic biopharmaceutical production.