News
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Egyptian expat remittances jump to $26.4 billion in 9 months
According to the bank, total remittances reached around $26.4 billion, up from $14.5 billion during the same period last year.
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Shell Egypt Greenlights Development of West Mena Gas Field in Mediterranean
It is located in the North East El-Amriya offshore concession in the Mediterranean Sea.
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Egypt's PM Welcomes Global Luxury Brands to Explore Investment Opportunities
This aims to position Egypt as a regional hub for high-end retail and attract new foreign direct investment in the fashion and lifestyle sector.
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Egyptian Remittances Soar to $32.8B: CBE
On a monthly level, May 2025 recorded a twenty-four point two percent year-on-year increase, with inflows hitting $3.4 billion.
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Egypt’s current account deficit narrows by 22.6% in 9 months of FY24/25
Egypt’s current account deficit narrowed by 22.6 percent year-on-year during the first nine months (July 2024–March 2025 ) of FY2024/2025.
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Egypt’s seeks to borrow EGP 150 billion from Gulf
The authority is actively engaged in approximately 14 projects, including the light rail train, the monorail, and the fourth metro line.
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Egypt gold exports surge by 194% to $3.93 bln in H1 2025
Egypt’s gold and precious metals exports surged by 194 percent year-on-year in the first half (H1) of 2025 to a record $3.93 billion.
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Sumou Holding to Establish Real Estate Investment Fund in Egypt
The group’s goal to expand from eight countries to thirty, positioning Egypt as a central hub in this ambitious growth plan.
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LemFi Expands to Egypt, Tapping Into $29.6B Remittance Corridor
Egypt is one of Africa’s largest recipients of remittances, pulling in a record $29.6 billion in 2024.
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Swiss player marks LNG milestones with delivery in Germany and supply role in Egypt
Geneva-headquartered energy and commodity trading company BGN has recorded two events it deems important in the LNG segment.
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Egypt opens online application for STEM, Excellence schools
Applications will remain open until 31 July via the ministry’s official platform. Admission exams for STEM schools are scheduled from 16 to 19 August.
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Türkiye builds largest porcelain factory in Egypt
Kar Porselen, a Turkish porcelain manufacturer, began as a small ceramics workshop in 1983.
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Egypt and Zambia move to establish joint pharmaceutical plant
Egypt received a high-level delegation from Zambia to discuss the practical steps for the project.
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Egypt quarterly current account deficit eases to $2.1 billion on higher remittances
The central bank attributed the slimmer deficit to the increase in remittances from Egyptians working abroad.
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Hassan Allam, Schneider Electric launch sustainable farming project in Nile Delta
At the heart of the project is a solar-powered, climate-controlled greenhouse expected to produce up to 20 tons of vegetables annually.
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Suez Canal revenues set to rise by 89% by 2030
According to the forecast, the canal’s earnings will reach $8.2 billion in 2026/2027, $9.9 billion in 2027/2028, and $11.5 billion in 2028/2029.
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Egypt approves $216.5 mln in industrial projects to create 15,000 jobs
The Ministerial Group for Industrial Development has approved three new private free zone industrial projects with total investments exceeding $216.5m
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FAB’s Lime app enters Egypt’s fintech scene
Licensed by Egypt’s Financial Regulatory Authority (FRA), Lime offers structured, transparent, and accessible solutions for families in Egypt.
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Egypt deploys first domestically built marine ambulance
Prime Minister Madbouly emphasised that the introduction of the marine ambulance is part of broader efforts to modernise public health services.
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IMF Predicts Egypt to Generate $3 Billion from Asset Sales in 2024/25
This comes as part of the country’s ongoing economic reform program, which is being carried out in collaboration with the IMF.