News
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Egypt reduces plastic use
Egypt launches “Reduce It” campaign to cut single-use bags, push eco alternatives, and boost green-industrial growth.
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Gold prices in Egypt drop on Wednesday
Egypt’s gold prices fell across karats: 24K at EGP 5,337.25, 22K at EGP 4,892.50, etc., reflecting local softness.
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Minister Farouk urges swift activation of Agricultural Solidarity Fund
Egypt accelerates its Agricultural Solidarity Fund to protect small farmers, covering crop insurance, low-interest loans, capacity-building
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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.
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Egyptian Remittances Reach $26.4 B, 82.7 Percent Surge in FY2024/2025
Egypt sees a historic 82.7% surge in remittances, reaching $26.4B — a critical boost for the economy and a sign of growing expat financial influence.
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Egypt "ready to implement" bridge to Saudi Arabia over Red Sea
Egypt advances plans to build a bridge or tunnel connecting it to Saudi Arabia, boosting regional trade and transportation links.
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New projects bringing Egypt closer to 42% renewable energy goal by 2030
Egypt approves four renewable projects totaling 400 MW, aiming to boost solar and wind energy and meet its 42% renewables target by 2030.
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MENA startup funding grows in May as Egypt rebounds
MENA startups raise $289M in May across 44 deals, with equity dominating; Egypt’s tech scene shows strong rebound and growing investor confidence.
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Egypt’s headline inflation rate accelerate in May
Egypt’s inflation rises to 16.5% in May, up from 13.5% in April, signaling ongoing economic pressure and challenges for consumers and businesses.
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How Egypt is managing energy deficit in a sweltering summer?
Egypt faces a summer energy crunch as gas production lags behind demand. Officials scramble for short-term fixes to keep the grid from collapse.
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Electricity Minister inspects turbine manufacturing progress in France for Dabaa Nuclear Plant
Egypt reviews nuclear turbine production in France as the Dabaa project moves forward, marking a key milestone in the country’s energy diversification
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Egypt, Germany plan Bridge and Tunnel Complex
Egypt partners with Germany to develop an industrial complex for manufacturing bridge and tunnel components, boosting local production capacity.
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Egypt’s net foreign reserves hit $48.52bln end-May
Egypt’s foreign reserves rise to $48.52B in May, signaling growing economic stability and stronger financial positioning amid global market shifts.