News
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Egypt and EIB Global set to deploy EU grant aimed at greening Egyptian economy
The Egyptian government and the EIB’s development arm have signed an accord on the use of a €21 million EU grant to decarbonise the domestic economy.
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Arab Organization for Industrialization, Stellantis sign exclusive deal to produce 240,000 cars in Egypt
Moreover, he noted that approximately 7,000 cars are scheduled for annual production over four years, totaling 28,000 vehicles.
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EGBANK and Mastercard Partner to Expand Digital Payment Solutions in Egypt
The collaboration aims to strengthen EGBANK’s strategy and reinforces its commitment to delivering convenient, seamless and secured payment experience
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Egypt signs financial closure deal with Norway's Scatec for 1 GW solar plant
The government also signed a power purchase agreement for a 900 megawatt wind project that is being developed in the Gulf of Suez with Scatec.
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Egypt Activates Emergency Gas Plan Amid Total Halt in Israeli Imports
Following the outbreak of war between Israel and Iran, Egypt suspends industrial gas supply, turns to fuel oil and diesel for power.
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Four Companies Win Egypt Bid Round for Glass, Kaolin Sand Exploration
Mineral Resources Bid Round No. 1 for 2024 concluded with positive results, attracting participation from 20 mining companies and 19 private companies
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Grand Egyptian Museum opening delayed to Q4
Egypt delays GEM’s grand opening to Q4 2025 due to regional tensions, aiming for a globally resonant event that honors its cultural legacy.
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Egypt signs financial closure deal with Norway's Scatec for 1 GW solar plant
Egypt finalizes a deal with Norway’s Scatec for a 1 GW Kom Ombo solar plant, marking a major step in clean energy expansion and climate finance.
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African Development Bank greenlights $184.1M to back Africa’s largest solar power facility in Egypt
AfDB funds Egypt’s 1GW Obelisk solar project with $184.1M, including battery storage, creating 4,000 jobs and cutting 1M tons of CO₂ annually.
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IFC, AMEA Power back Egypt’s first utility-scale battery storage project
IFC invests $72M in Egypt’s first large-scale battery storage system, boosting clean energy with 300 MW capacity tied to Kom Ombo’s MW solar plant.
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Egyptian exports to BRICS nations record $905M in 2024
Egypt’s exports to BRICS rose 31.5% to $905M in 2024, with imports up 40%, highlighting deepening trade ties and strategic economic integration.
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Al-Mashat discusses economic and investment ties with UK ambassador
Egypt and the UK deepen economic ties, focusing on climate finance, SME support, and sustainable investment through new bilateral channels.
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E& Egypt and MBC Group Shahid partner to deliver exclusive streaming experience to Egyptian customers
E& Egypt and Shahid launch an exclusive streaming deal, integrating premium Arabic content into telecom bundles to boost digital entertainment access.
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PM affirms gov’t readiness to expand industrial output
Egypt’s PM pledges full support for industrial expansion, job creation, and export growth amid regional tensions and energy supply precautions.
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Khalda Petroleum to bring 2 new wells into production in June
Khalda Petroleum to launch 2 new wells in June, adding 5,400 bbl/day to Egypt’s output as part of a national strategy to boost domestic oil production
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Egypt's airport modernization boosted by smart baggage and AI analytics
Egypt upgrades 11 airports with AI baggage tracking, smart control centers, and PPPs to boost tourism, efficiency, and global aviation standards.
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How Egypt, Saudi Arabia, and Oman Are Building the Middle East’s Chip Future
Egypt, Saudi Arabia, & Oman invest in chip design and manufacturing to build tech independence and diversify beyond oil in a high-stakes semiconductor
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Egypt’s trade to BRICS countries soars over 30% post-admission
Egypt’s trade with BRICS nations surged over 30% after joining the bloc, signaling stronger global ties and rising export-import momentum.
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Egypt activates emergency gas plan amid regional tensions
HSBC sees Egypt’s economy stabilizing with easing inflation and interest rates, despite Suez Canal disruptions and regional geopolitical risks.
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PCCW Global, Sparkle, Telecom Egypt and ZOI to construct AAE-2 subsea cable linking Asia, Africa and Europe
AAE-2 subsea cable to link Asia, Africa, and Europe, boosting global data flow and digital infrastructure through a high-capacity, resilient network.