News
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Egypt's Agricultural Revival Focuses On Cotton And Flax
Egypt has recently witnessed a surge in agricultural initiatives aimed at achieving self-sufficiency in various crops.
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Document shows that Egypt purchases 466,266 tonnes of wheat from local farmers
Wheat has been reported to be less profitable as compared to crops such as beet. The area of this crop increased from 500,000 feddans up 700,000.
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Egypt to auction $950 million in one-year dollar T-bills
The bills will replace $997.6 million in maturing dollar treasury bills that carried an average weighted yield of 5.149%.
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Egypt Selected as Headquarters for African Space Agency
Egypt inaugurates the African Space Agency HQ, boosting its leadership in the continent’s space and tech sectors.
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Government to issue EGP 2.175trn in local debt instruments in Q4 of FY25
Egypt to issue EGP 2.175T in local debt in Q4 FY25 to refinance maturing obligations and finance the budget deficit.
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Reuters poll reveals regional economists’ predictions for Egyptian economic growth
A Reuters poll projects Egypt’s GDP growth at 3.8% for FY24/25, slightly down due to global and regional pressures.
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State keen to achieve economic growth based on investments, industry localization
Egypt’s strategy focuses on boosting economic growth via investment stimulation and industry localization.
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UAE’s NAS inches closer to becoming the majority shareholder of Egyfert
UAE’s NAS to acquire up to 90% of Egyfert, strengthening foreign investment in Egypt’s fertilizer exports.
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Morocco, Egypt Strengthen Economic Ties with Upcoming Cairo Business Mission
Morocco and Egypt to foster trade and investment ties through a Cairo business mission from May 3–5, 2025.
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China’s J-10C “Losing” To FA-50 Fighters For Egypt Deal?
Egypt nears a deal for 100 FA-50 aircraft with tech transfer and local assembly, boosting defense manufacturing.
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Real estate developers urge financial support, regulatory reforms, and global promotion to drive growth
Developers call for mortgage law reforms, financial incentives, and global promotion to strengthen real estate growth.
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FABMISR expands its network with a new branch at Al Ahly Club in New Cairo
FABMISR expands its footprint in New Cairo, strengthening ties with top sports institutions and new market segments.
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Egypt identifies chia, amaranth and quinoa as oilseed alternatives to enhance domestic production
Egypt studies chia, amaranth, and quinoa as non-traditional oilseeds to reduce reliance on edible oil imports.
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Egypt’s Private Sector Investments Surge by Nearly 80 Percent Amid Economic Reforms
Kouchouk revealed that ten major projects are scheduled to be activated this year.
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Egypt comes second in Africa with highest GDP in 2025
Egypt ranks second in Africa’s GDP standings for 2025 with $347.34B, following South Africa’s $410.34B.
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Customer deposits at banks climb to EGP 13.599trn in December 2024
Egypt’s bank deposits hit EGP 13.599 trillion by December 2024, reflecting strong public savings and banking sector stability.
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What is the highest return on CDs in Egypt?
After a 225 bps rate cut, top CD returns now sit at 25.25% and 24.75% at Egypt’s major banks, impacting investment options.
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Egypt-Italy trade exchange hit $ 6 billion in 2024
Bilateral trade between Egypt and Italy reached $6 billion in 2024, highlighting strong economic ties and mutual investment opportunities.
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Platformance launches regional hub in Cairo
Platformance opens a Cairo hub to strengthen local digital business solutions across the MENA region.
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Hilton Expands in Egypt: New Luxury Hotels to Open in Cairo’s New Administrative Capital, Offering Premium Accommodation
Hilton partners with Panax to open two new luxury hotels in Cairo’s NAC by 2028, enhancing premium business travel options.