News
-
Amazon Backs Egypt’s Valu with Equity Stake Following EGX Listing
The move comes amid growing international investor interest in Egypt’s financial sector, despite persistent regional macroeconomic headwinds.
-
Prime Minister revokes industrial electricity discount as of 1 July
The revocation reflects the government’s renewed focus on public spending reform and fiscal consolidation, amid mounting financial pressures.
-
Citrus tops list of Egyptian agricultural exports, recording 1.8M tons
Citrus and potato crops continuing to dominate the list of Egyptian agricultural exports so far.
-
Egypt unveils plan for new desert city megaproject
While officials say these projects are key to Egypt’s long-term growth, they have also contributed to the country’s soaring foreign debt.
-
Mobile phone subscriptions in Egypt hit 120mln in 2024
This is accompanied by more than 10% growth in mobile internet usage compared to the previous year.
-
Egypt invests EGP 2t to overhaul transport sector
The railway upgrade plan, worth around 225 billion pounds, includes the purchase of 110 new locomotives from General Electric and signalling system.
-
CBE announces bank holidays in Egypt
Sunday that all banks will be closed on Thursday, 26 June, for the Hijri New Year and on 3 July for the 30 June Revolution anniversary.
-
Egyptian artists ride streaming wave to global success
The report highlights a fivefold increase in royalties earned by Egyptian artists on Spotify since 2022, with a 100% jump from 2023 to 2024 alone.
-
Egypt assumes vice presidency of the International Gas Union
Khaled Abu Bakr: The Egyptian program to promote global energy as a basis for economic and social growth is set to be activated.
-
Egypt records 77% rise in remittances over 10 months
Between January and April alone, remittance inflows rose 72.3 percent year on year to $12.4 billion, official data from Egypt’s central bank showed.
-
Egypt looks to secure more fuel oil in August for power generation
The Egyptian General Petroleum Corporation (EGPC) is seeking about 900,000 tonnes of fuel oil for August delivery in its most recent tender.
-
Red Sea Bridge Between Egypt and Saudi Arabia Moves Ahead with $4 Billion Plan
If realized, the structure would establish the first direct land crossing between Saudi Arabia and Egypt, linking two major regions of the Arab world.
-
SCZone, Turkish firm ink $20 mln deal to build denim factory in Qantara West
Şirikçioğlu, founded in 1997, is a prominent Turkish denim yarns and fabrics producer and supplies several global brands.
-
Egyptian pound faces short-term pressure but steadies by 2025-end
Egyptian pound outlook, economic trends, interest rate cuts, and inflation forecasts offer crucial insights for businessmen in MENA.
-
Talks underway to disburse 2nd tranche of European aid to Egypt, worth €4 billion
Egypt in talks for €4 billion in European aid, focusing on structural reforms to boost competitiveness and attract investment.
-
Egypt’s tax reform drive boosts revenues by over third
Egypt's tax reforms boost revenue by 36% through incentives and simplification, with plans for more relief.
-
SCZone lays foundation stone of $200mln solar energy complex in Ain Sokhna
Egypt's Ain Sokhna gets a $200M solar energy complex, creating over 1,800 jobs and boosting local production.
-
Egypt’s agricultural sector sees strong growth with 5.2M tons exported in H1 2025
Egypt's agricultural sector shows strong growth with 5.2M tons in H1 2025, led by citrus and potato exports.
-
Orange Egypt partners with Huawei to launch 5G network nationwide
Orange Egypt partners with Huawei to roll out nationwide 5G, enhancing digital infrastructure for AI and advanced tech.
-
Arab banking sector must strengthen resilience amid geopolitical uncertainty
The Arab banking sector is urged to boost resilience amidst geopolitical uncertainty, focusing on regional cooperation and SME support.