News
-
Egypt signs debt swap agreements with Germany, Italy, China
Egypt inks $900M+ in debt swaps with Germany, Italy, and China, marking its first-ever deal with China to ease debt and fund development projects.
-
IMF to combine reviews of Egypt's $8 billion loan program
The IMF merges reviews of Egypt’s $8B loan, giving Cairo more time to implement reforms amid economic pressures and investor scrutiny.
-
Egypt’s next IMF tranche in doubt amid slow reforms
Delays in Egypt’s IMF loan disbursement raise concerns as structural reforms stall, risking funding gaps and investor confidence.
-
Saudi Arabia Ends “Blank Check” Era for Egypt: Financial Aid Now Tied to Reforms
Saudi Arabia shifts from unconditional aid to reform-linked investments in Egypt, signaling a new era of accountability and strategic funding.
-
BII fuels Egypt’s clean energy future with $300M investment boost
British International Investment injects $300M into Egypt’s clean energy sector, backing solar, wind, and green hydrogen projects.
-
Ethiopia Says Controversial Power Dam on the Nile that's Opposed by Egypt Has Been Completed
Ethiopia finishes Africa’s largest hydroelectric dam on the Nile, calling it a shared opportunity despite Egypt and Sudan’s water supply concerns.
-
Egypt Becomes First Arab Nation to Chair FAO Council
Egypt makes history as a diplomat Mina Rizk becomes the first Arab to chair the FAO Council, boosting its global role in food security.
-
Ethiopia has finished building mega-dam on Nile
Ethiopia finishes Africa’s largest hydroelectric dam on the Nile, calling it a shared opportunity despite Egypt and Sudan’s water supply concerns.
-
Kouchouk affirms Egypt’s commitment to supporting Africa’s sustainable development financing
Egypt pledges stronger African cooperation and inclusive financing tools to drive green, digital, and sustainable development across the continent.
-
Oldest ancient Egyptian human genome reveals ties to Mesopotamia
In a first, researchers have sequenced the complete genome of a man from ancient Egypt, and the results reveal that he had ties with Mesopotamia.
-
Eastern Company to cap cigarette price at EGP 45
Eastern Company CEO Hany Aman announced that cigarette prices will be capped at EGP 45 per pack starting Tuesday following recent tax bracket changes.
-
Egypt-Germany economic portfolio reaches $1.8bln
The two officials touched upon the financial cooperation agreement signed between Egypt and Germany in 2022, at a value of €118 million.
-
Turkish denim manufacturer makes $20M investment in Egypt
Turkish textile company Şirikçioğlu Grubu is making a $20 million investment in Egypt’s Suez Canal Economic Zone (SCZone).
-
Foreign investors rush to take advantage of Egypt’s renewables boom
The country and its north African neighbours are poised to become increasingly important energy suppliers to Europe.
-
Egypt confirms acquisition of Chinese HQ-9B long-range air defence system
Egypt’s decision to acquire the HQ-9B stems from a combination of strategic, economic, and political factors.
-
Gulf of Suez Wind Farm II now fully operational in Egypt
The 650-MW Gulf of Suez Wind Farm II in Egypt has been completed and has begun full commercial operation.
-
Egypt’s textile exports jump to $493mln in 5 months
Hani Salam, Chairman of Textile Export Council, highlighted that the registered value accounts for 38% of the current year's target of $1.25 billion.
-
El Sewedy Capital Signs MoU for Phosphate Exploration in El-Sebaeya Mines
After the signing, Badawi affirmed that the Egyptian mining sector is an important promising pillar of the national economy.
-
Egypt on its way to digitally empowered future: IBM’s Lula Mohanty
Egypt’s commitment to public sector modernization, AI adoption, and ecosystem collaboration is setting it apart.
-
Egypt, China Sign Big Chemical Factory Deal
This is a historic move that will enable us to shift from exporting raw materials to launching an integrated industrial value chain