News
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Egypt, Kenya discuss boosting African vaccine, drug manufacturing
They focused on local manufacturing of medicines and vaccines, reducing reliance on imports, and increasing the exchange of medical expertise.
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EIB Global backs vaccine manufacturing in Egypt with technical assistance for Vacsera project
The EIB signed a €750 000 technical assistance cooperation agreement to support preparation of a new multi-product vaccine facility.
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Egypt summer spending boom split across 3 consumer economies
Egypt's summer season is generating one of the region's largest shifts in consumer spending, not only in North Coast, but also in Cairo.
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Egypt Is Reshaping Its Startup Ecosystem
Policy coordination, innovative financing and ecosystem dialogue can turn entrepreneurship into a national development priority.
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Egyptian corporates are expanding regionally as outward FDI jumps 30%
Three devaluations in two years accelerated existing expansion plans, but the bigger story is whether profits will be repatriated to support Egypt.
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EBRD extends EGP 600 mln green loan to Egypt's Valu for energy-efficient products
EBRD has extended a loan of up to EGP 600 million (10.7 million euros) to Egyptian consumer fintech Valu.
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Egypt launches Foreign Trade Information Portal to boost exports, global market access
The portal is designed to provide exporters, investors, and manufacturers with comprehensive access to local and international trade information.
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Rox ESI to manufacture Egypt’s first luxury passenger EV
Production is scheduled to kick off in mid-2027 at ESI's 100k sqm complex in Sixth of October.
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SCZONE Chief attends signing of Zhejiang Hongda textile project deal
West Qantara Industrial Zone is experiencing rapid growth in attracting foreign direct investment from several countries.
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Egypt targets sustainable growth in fertilizer industry as exports reach $9.4bn
Khaled Hashem, participated in the opening of the 32nd Annual International Conference and Exhibition of the Arab Fertilizer Association (AFA).
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Gold Remains Egyptians’ Safe Haven as Investment Demand Reshapes the Market
The precious metal continues to preserve wealth and generate long-term gains for investors.
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EU Commission and Egypt present major electricity grid project
The total expected public and private investment for this project amounts to €1.6 billion.
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Egypt’s expat remittances jump 33.2% in first 10 months of FY 25/26
Remittances from Egyptians working abroad climbed by 33.2 percent during the first ten months of the fiscal year 2025/2026.
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Finance Minister announces launch of first mobile application for real estate tax services
The measures include raising the exemption threshold for a family’s primary residence to properties valued below EGP 8m, up from the previous EGP 2m.
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Egypt signs deal for $400 mln data centre project to boost digital infrastructure
The NTRA has issued 10 licences for companies to establish and operate data centres over the past two years.
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Egypt Adds 12,000 bbl/d in Western Desert Output in Two Weeks
As part of its strategy to boost domestic oil and gas output, the Egyptian oil and gas sector has added roughly 12,000 barrels per day (bbl/d).
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Egypt opens Africa Health ExCon 2026 as Africa CDC chief warns of Ebola threat
Egyptian Prime Minister Mostafa Madbouly on Monday opened the fifth edition of the Africa Health Exhibition and Conference (Africa Health ExCon 2026).
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Gulf Egypt for Hotels and Tourism announces new expansion strategy
United Real Estate Company is the real estate arm of KIPCO and one of the largest real estate companies in Kuwait and the Middle East and North Africa
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New Initiative in Egypt Teaches Students to Build (Not Just Use) AI
Cairo-based AI community, People of Data, thinks that Egypt's AI future is sitting in today's classrooms.
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Egypt’s SCZone signs $20m contract with China’s Zhejiang Hongda for textile project
The development, which spans 60,000 square metres, carries an investment cost of $20m and is projected to create approximately 500 direct jobs.