News
-
Green Valley receives licence to launch smart electric passenger transport in Egypt
This is part of Egypt’s broader strategy to support the transition to green transportation and promote sustainable mobility solutions.
-
Egypt’s new labor and social insurance laws
The law aims to provide comprehensive protection for workers, with a focus on the rights of working women and people with disabilities.
-
SCZone, AD Ports Group partner to develop Egypt's KEZAD East Port Said Zone
The General Authority for Suez Canal Economic Zone (SCZone) and the Emirati AD Ports Group signed a 50-year renewable usufruct agreement.
-
IMF noted to arrive this week for 5th review of $8B loan program
In March 2024, Egypt succeeded in expanding the IMF loan package from $3 billion to $8 billion.
-
Egypt's MNT-Halan sells $50mln in local corporate bonds
The company says it has disbursed more than $11 billion in loans both inside and outside of Egypt.
-
EBRD Investment in Egypt tops €13.8B
With over €13.8 billion invested in Egypt’s economy since 2012—more than 86 percent of it directed to the private sector.
-
Egypt revisits old rent law – Key amendments under discussion
The legal rental value of residential units will be increased to 20 times the current value.
-
MoneyFellows raises $13M to take its group savings model outside Egypt
The Cairo-based fintech says it’s ready to shift from steady growth to regional expansion.
-
Egypt’s foreign assets rise by 47.5%reaching $15.04B in March
This positive trend signals a continued recovery following a substantial decline in net foreign assets over three months.
-
Sharp Price Increase for Egyptian Oranges
First and foremost, it’s worth noting that the citrus export season from Egypt is coming to an end. As stocks decline, prices traditionally rise.
-
Orange Egypt Launches “Orange Business Talks”
The initiative aims to educate Orange Egypt’s ecosystem—partners, clients, and stakeholders—on cutting-edge technologies.
-
Chevron Joins Pivot to Egypt’s Mediterranean Shelf After Red Sea Exit
Chevron exits Red Sea blocks, redirecting investments to Egypt's Mediterranean gas fields to capitalize on LNG export potential.
-
Fawry joins forces with Microsoft to drive digital transformation for Egyptian SMEs through Fawry Business
Fawry teams up with Microsoft to offer integrated financial and productivity tools for Egyptian SMEs via Fawry Business.
-
Egypt seeks to resume Iraqi oil imports in Q3
Egypt plans to restart 12M barrels/year of Basra crude imports from Iraq after an 18-month halt due to payment issues.
-
Shell Explores BP Acquisition, reports strong Q1 results
Shell eyes BP in a potential mega-acquisition while reporting a 28% drop in Q1 profits to $5.58B — still beating expectations.
-
FABMISR expands national footprint with 4 new branches across strategic locations
FABMISR opens 4 new branches in strategic locations across Egypt to grow customer reach and boost financial inclusion.
-
Egyptian-Moroccan consultations held in Rabat at level of assistant FMs
Egypt and Morocco discuss boosting bilateral ties, planning investment forums, and addressing regional security.
-
Mabany Edris launches Ons New Zayed with EGP 13.5bn investment across 84 feddans
Mabany Edris invests EGP 13.5B in a new 84-feddan residential project in West Cairo, with 1,012 low-density units.
-
Cairo Airport sees rise in flight activity as TourismMin announces 25% increase in tourists during Q1
Cairo Airport handles 2.6M passengers in April as Egypt logs a 25% YoY rise in tourist arrivals for Q1 2025.
-
Value Developments launches 50,000 sqm Value Medical City in East Cairo
A 50,000 sqm medical hub is coming to East Cairo by 2028, offering integrated healthcare services and infrastructure.