News
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Fine Hygienic Holding’s Egypt subsidiary awarded EcoVadis commitment badge for sustainability excellence
Fine Hygienic Holding’s Egypt unit awarded EcoVadis badge for sustainability excellence across its operations.
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Egypt’s rate cut on thin ice? IMF issues stark warning
The IMF urges Egypt to proceed cautiously with interest rate cuts amid global uncertainties, warning of potential inflation resurgence.
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Egypt targets 36% increase in PPP investments in current fiscal
Egypt plans a 36% rise in PPP investments this year with six projects worth EGP 27B to boost infrastructure and private sector cooperation.
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Banking leaders underscore crucial role of public-private partnerships in advancing development
At the Arab Banking Conference, Egyptian leaders stress PPPs' role in development, calling for innovative financing and risk-sharing models.
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Egyptian Fintech Bokra Issues $58.9M Sukuk to Boost Islamic Fintech
Egyptian fintech Bokra raises $58.9M through a Mudaraba Sukuk, expanding Islamic fintech and Sharia-compliant investment tools.
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Moroccan exporters embark on strategic trade mission to Egypt
35 Moroccan exporters head to Cairo (May 3–5) to explore new partnerships and deepen bilateral commercial cooperation.
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Egypt, Japan Partner to Build EGP 1.4 Bln Blood Bag Factory in SCZone
Egypt and Japan launch a joint EGP 1.4B blood bag plant in SCZone to localize healthcare supply and expand exports.
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Egypt greenlights new oil exploration deals with Russia’s Lukoil
Egypt approves two oil exploration agreements with Russia’s Lukoil in the Eastern Desert’s Wadi El-Sahl region.
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Egypt is building smart cities for a digital future
Egypt scales up digital infrastructure and smart city tech, boosting demand across education, real estate, and entertainment sectors.
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Major archaeological discoveries in Sinai reveal layers of Egypt’s ‘Eastern Fortresses’
Fortifications, roads, and moats found at Tel Abu Seifi shed light on Egypt’s eastern military legacy in North Sinai.
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First Known Visual Representation of Our Galaxy Discovered in Egyptian Art
New research suggests Egyptian tomb art features the oldest known visual representation of our galaxy—the Milky Way.
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Coffee, community, and a bit of dancing: Inside Cairo’s morning parties
There is no alcohol. No strict dress codes. No pressure to stay out all night. Most people show up casually, often in activewear or comfortable outfit
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Egypt establishes National Council for Medical Tourism
The cabinet approved forming a National Council for Medical Tourism to regulate the sector and enhance the quality of healthcare services offered.
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Up to 60 days to issue amendments on the old rent law in Egypt
Among the most prominent features of the new draft law is the setting of a new rental value for housing subject to the old rent law.
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Egypt Positioned as a Digital Innovation Hub at AmCham Conference
Egypt strengthens its global position as a digital hub, emphasizing talent, cost savings, and investment opportunities at AmCham Conference.
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CBE receives $1.17bn in bids for dollar-denominated T-bills auction
The proceeds will be used to repay a previous issuance from 30 April 2024, through which the Bank raised $997.6m.
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€10M EU Contribution Fuels Egypt-Greece Power Link
To support solar energy scalability, the ministry aims to deploy energy storage systems with a combined capacity of 3,500 megawatts.
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EGAS Signs MoU with ExxonMobil
The MoU will encourage ExxonMobil to develop an integrated development plan if exploratory drilling activates lead to positive results.
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Egypt targets $145bln in exports by 2030
The Minister pointed to major infrastructure investments, including cities, ports, logistics hubs, and upgraded transport networks.
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IMF and World Bank expect Egypt’s economic growth to increase
Mashat reviewed the most important economic developments, including the results of Egypt’s participation in the IMF Spring Meetings.