News
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Ancient temple discoveries unearthed in Egypt’s Bahariya Oasis
Among the discoveries are the remains of a sandstone chamber, inscribed stone blocks bearing the names and royal titles of King Psamtik I.
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Alstom-led consortium signed €690 million contracts to modernise Egypt’s strategic rail corridors
The combined value of the contracts is approximately €690 million, with Alstom’s share representing around €300 million.
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Egypt greenlights Voltalia's 869 MW wind project
Egypt's Cabinet has approved an 869-MW wind power project to be developed by French renewable energy company Voltalia SA.
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Chinese Longmarch invests $190 million in a mega tire factory on the Suez Canal
The total investment is estimated at 9.5 billion Egyptian pounds, or approximately $190 million.
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The Egyptian cosmetics company plans to invest $40 million locally and launch its first factory in Saudi Arabia.
Egyptian Cosmetics Company (ECC) is executing a massive expansion plan in the Egyptian market, targeting investments of more than EGP 2 billion.
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OECD-report on policies for the future of farming and food in Egypt
It places the agri and food policy development in historical perspective and suggests strategies for improving Egypt’s food system.
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Egypt boosts localisation of automotive industry and aims to reach 100,000 cars by 2030
Agreement signed to launch local production of modern vehicles in Egyptian factories.
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Afreximbank commits $100m to Egypt gold refinery as part of pan-African bullion strategy
The refinery will be sited inside a designated Egyptian free zone and is intended to convert raw gold into globally tradable bullion.
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Egypt to upgrade key main lines
Installation of ETCS Level 1 will boost capacity on the 6th October - Alexandria and Belbes - 10th of Ramadan main lines.
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Tourism minister: Quality of tourist experience top priority in Egypt
Egypt’s competitive advantage extends beyond the sheer diversity of its tourism offerings.
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Egypt Reaches Full Self-Sufficiency in Fresh Milk Production
Domestic output reaching around 7 million tons in 2026, according to the Ministry of Agriculture and Land Reclamation.
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Egyptian Drug Authority, GSK Sign MoU
On the Sidelines of Africa Health ExCon: Egyptian Drug Authority, GSK Sign MoU to Enhance Training, Capacity Building, and AI Integration in Pharma.
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Egypt's crude oil output tops 540,000 bpd after EGPC efforts
The petroleum sector has succeeded in adding approximately 12,000 bpd of crude oil and condensates to the Western Desert's production.
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PM directs additional financial allocations to upgrade Giza’s sanitation system
Madbouly also ordered the immediate implementation of a number of vital infrastructure projects according to specific timelines.
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Housing Minister reviews progress on draft law for Egyptian Real Estate Developers Federation
The meeting focused on a proposed legal framework aimed at creating a professional and regulatory body for real estate developers operating in Egypt.
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Egypt and the Netherlands develop a national approach to salinity
In Egypt, salinity is no longer a future risk. It is already affecting farmers, water managers and policymakers across the country.
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Schneider Electric signs partnership agreement with GIZ Egypt
As part of this partnership, Schneider Electric will participate as the sustainability and technology partner for the ClimAccelerator programme.
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Egyptian Pound Emerges as World’s Top-Performing Currency following Oil Price Slide
The currency has gained approximately 4% against the dollar since last Friday, outperforming all major and emerging-market currencies.
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Harbour Energy Commits Initial $6 Mn for Desouq, Eni Renews Port Fouad Deal
The total investment could rise to around $18 million if new discoveries are made and subsequently developed.
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EU to disburse €1.5 bln to Egypt in June under strategic partnership
The upcoming 1.5 billion euro disbursement comes in addition to around 8 billion euros in investments already mobilized under the partnership.