News
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Egyptian village remains tied to tradition of carpet weaving as industry frays
A village clings to the carpet-weaving tradition amid modern challenges and fading demand.
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Q Developments host major padel tournament at Q North on the North Coast in collaboration with Egypt Padel Tour and SR P
Q Developments hosts a major padel event, blending sport, lifestyle, and brand engagement.
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Dr. Zahi Hawass Concludes Blockbuster U.S. Lecture Tour: Over 40,000 Attend in 30 Cities Across America
Dr. Zahi Hawass promotes Egypt’s heritage across the U.S., boosting cultural tourism appeal.
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Egypt launches first automotive logistics terminal at Port Said
Egypt opens its first automotive logistics terminal, boosting vehicle handling and trade.
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Egypt doubles regasification capacity to boost energy hub ambitions
Egypt expands regasification capacity, strengthening its position as a regional energy hub.
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Egypt doubles its GDP in last fiscal year
Egypt's GDP doubled last year, signaling strong economic growth and investor opportunities.
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Egyptian Pound undervalued
The 2025 Big Mac Index shows the Egyptian pound remains undervalued, hinting at FX mispricing.
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Dabaa Nuclear Plant's 1st unit to start operations in H2 2028
Egypt’s Dabaa Nuclear Plant will begin operations in 2028, diversifying national energy sources.
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Remittances from Egyptians abroad hit $32.8bln in 11 month
Egyptians abroad sent $32.8B in remittances, supporting the economy and household income.
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Egyptian-Malian Business Forum pushes for economic partnerships with Mali during FM’s visit
Egypt and Mali explore deeper economic ties to boost bilateral trade and investment.
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Dana Gas Targets 80 Bcf Boost with $100M Egypt Drilling Program
Dana Gas plans a $100M investment in Egypt to boost production by 80 Bcf.
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New Alamein’s “Downtown Lagoon” lakes to use desalinated seawater only
Egypt confirms New Alamein’s lagoon lakes will use desalinated water, supporting sustainability.
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Egypt's FM Praises Outcomes of Egypt-Nigeria Business Forum
Egypt and Nigeria strengthen economic ties through a business forum and cross-sector talks.
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Egypt leads global Shisha Tobacco exports in 2024
The Council attributed Egypt’s strong performance to low production costs, skilled labor, and diverse flavor offerings.
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Rolls-Royce makes historic Egyptian debut after 121 years
James Creighton, Regional Director for Rolls-Royce Motor Cars Middle East and Africa, emphasized Egypt’s significance as a key market.
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Egypt’s First Nuclear Reactor to Power Up in 2028
Madbouly confirmed that the plant will consist of four reactors with a total capacity of 4,800 megawatts.
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Egyptian Pound undervalued: Economist's Big Mac Index 2025
The Egyptian pound remains significantly undervalued, according to the Economist’s July 2025 Big Mac Index.
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EUR 100 Million Debt Swap With Germany to Fund Projects in Egypt
The total volume of German debt allocated for conversion now exceeds EUR 340 million.
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Tourism Ministry denies confirming November 4 as opening date for GEM
It explained that the official opening date of the GEM will be announced in due course through official channels.
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Emirati Dana Gas launches $100 mln investment programme
UAE’s Dana Gas, the Middle East’s largest regional private sector natural gas company, has launched a $100 million investment programme in Egypt’.