News
-
EBRD supports Egypt with first private-to-private electricity contracts
This deal introduces competition into the electricity sector, expands consumer choice and promotes private investments in renewable energy.
-
Maritime traffic through Red Sea increases by 60%
This marks a notable improvement from the 20 to 23 ships seen each day during the low point in August of the previous year.
-
Egypt targets 30 million tourists by 2031 under new investment plan
Egypt targets 30 million tourists by 2031 under a new investment plan for its tourism and antiquities sectors.
-
Silver bullion booms in Egypt amid global hype
Once seen as little more than an ornamental accessory, silver is rapidly emerging as Egypt’s latest investment craze.
-
Egypt awards Acciona O&M contract for one of world's largest wastewater plants
The contract, awarded for €35 million, covers the execution of various rehabilitation works and upgrades on two plants of the complex.
-
Misr Hotels to convert iconic Omar Effendi El-Hegaz into 4-star hotel
Misr Hotels Company will convert the iconic Omar Effendi, El-Hegaz branch, from a commercial centre into a four-star hotel.
-
Läderach opens first chocolaterie on the African continent in Cairo
The chocolaterie in Cairo, which opened in May, is operated by the franchise partner BTC Trading Co.
-
How Egypt is managing energy deficit in a sweltering summer?
As soaring summer temperatures put unprecedented strain on Egypt’s power grid.
-
Egypt's tobacco imports rise in 1st quarter of 2025
CAPMAS data estimated Egypt's total tobacco and tobacco paper imports at approximately $45.226 million during the first quarter of this year.
-
Egypt implements precautionary plans after foot-and-mouth disease reported in several countries
Egypt’s epidemiological situation is stable, Aqnas assured, adding that vaccines and serums are available with no issues.
-
KlasJet partners with Air Cairo to boost summer tourism between Italy, the UAE, and Egypt
The agreement is with Air Cairo to operate charter flights from Milan and Sharjah to Cairo from 30 May to 31 October 2025.
-
flydubai adds Al Alamein in Egypt to its seasonal summer routes
Flights to the Mediterranean leisure destination will operate daily from Terminal 2, Dubai International (DXB) between 21 June and 07 September 2025.
-
Potential of Russian-Egyptian cooperation remains substantial
The potential of Russian-Egyptian cooperation remains substantial, and the foundation is committed to supporting it comprehensively.
-
The $30 Million Plan to Overhaul Tourism Around Egypt’s Pyramids
Egypt invests $30 M in Giza Plateau revamp, electric buses, VIP tours, fine dining, and a new gate for the July 3 debut ahead of the museum launch.
-
Three real estate platforms seek FRA licensing for investment funds
FRA greenlights Nawy, SAFE & Saqr to form real estate investment funds, digitizing assets & protecting investors.
-
Egypt’s tourism sees 25% surge in early 2025, defying regional challenges
Egypt’s tourism rebounds; visitor arrivals are up 25% in Q1 2025; 15.8 M tourists in 2024 points to strong momentum.
-
USD/EGP exchange rates edge down on Wednesday
USD/EGP fell to EGP 49.59/49.69 today, maintaining stability just under the EGP 50 mark, a confidence signal for investors.
-
Finance Minister Ahmed Kouchouk recognized as Africa’s Finance Minister of the Year by African Leadership Magazine
Egypt’s Finance Minister, Ahmed Kouchouk, was named Africa’s Finance Minister of the Year for bold fiscal reforms.
-
Silver bullion booms in Egypt amid global hype
Egyptians turn to silver bullion as investment, with prices up ~50% since January 2024—seen as hedge and wealth-building asset.
-
Egypt's tobacco imports rise in 1st quarter of 2025
Egypt imported $45.2M in tobacco/paper in Q1 2025 vs. $16.4M in Q1 2024, signaling a sharp demand increase.