News
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Egypt Launches First Domestically-Built Tugs for Suez Canal
Egypt introduces two home-built tugboats for the Suez Canal, boosting shipbuilding capabilities and maritime logistics.
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IATA applauds Egypt’s growing role in global aviation
IATA recognizes Egypt’s proactive leadership in aviation, enhancing its role in shaping future global air transport trends.
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Inside the Grand Egyptian Museum: A First Look at the World’s Largest Museum Dedicated to a Single Civilisation
Opening July 3, 2025, the Grand Egyptian Museum will house 100,000+ artifacts, boosting cultural tourism.
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B.Laban announces imminent reopening of all branches and factories in Egypt
B. Laban reopens 110 branches and restores 25,000 jobs after closures, reviving food sector operations under health guidelines.
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Egypt extends free transit visa program
Egypt has extended its transit visa program, which allows holders to stay in the country for 96 hours.
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Egypt to switch to summertime on Friday, 25 April
Under the 2023 law reinstating summertime, DST will be observed every year from the last Friday in April to the last Thursday in October.
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Grand Egyptian Museum closed from June 15-July 5 in preparations for grand opening
There are preparations at the highest level, starting from airports, hotels, and roads, all the way to the celebration venue.
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Egypt, China discuss debt-for-development swap scheme
Egypt and China are discussing converting part of Egypt's debt into interest-free loans to finance key development projects.
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Egypt to Receive First Velaro High-Speed Electric Train in August 2025
The Ain Sokhna–Alamein–Marsa Matrouh line marks the first phase of Egypt’s 2,000-kilometre high-speed rail network.
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Egypt, Djibouti trade records $122.4M in 2024
The downturn was largely driven by a sharp decrease in Egyptian exports, which fell to $108.6 million in 2024 from $152.3 million the year prior.
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CBE announces Labour Day a paid holiday for banks in Egypt
The Central Bank of Egypt (CBE) announced that Labour Day, which falls on Thursday, 1 May, will be a paid holiday for banks in Egypt.
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IMF raises Egypt’s growth forecast to 3.8 percent for 2025, 4.3 percent next year
Adjustment improves upon January forecasts of 3.6 percent and 4.1 percent for the economy.
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PM underlines importance of forging ahead with efforts to develop Egypt’s textile industry
The goal is to maximize the country’s inherent potential in textile production, thereby boosting the national economy.
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GAFI CEO highlights latest business reforms via streamlined unified tax system
The new taxation model is expected to roll out within the next few months as part of a national effort to simplify investment procedures.
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NBE, Banque Misr adjust returns on saving certificates after CBE interest rate cut
It also announced that it would discontinue its popular platinum savings certificates, which offered an annual return of 17.25 percent.
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EGP 78B earmarked in Egypt's new budget to support key sectors
The government is working to maintain a secure economic course, centered on stimulating domestic production and expanding exports.
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Egypt & China sign Red Sea Petrochemicals design contracts
Egypt signed contracts with a joint Egyptian-Chinese venture for phase one design of the Red Sea Petrochemicals Complex in Ain Sokhna.
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IMF upgrades Egypt’s growth forecast amid regional downturn
The revised estimates suggest Egypt’s economy will expand by 2.4 percent this year, followed by growth of 3.8 percent in 2025 and 4.3 percent in 2026.
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Egyptian Semiconductor Startup InfiniLink Raises $10 Million
This funding represents one of the largest seed rounds for a deep-tech startup in the MENA region to date.
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Egypt seeks deeper cooperation with Saudi Arabia in oil sector
Egypt-Saudi Arabia electrical interconnection project is a model for broader Arab electrical integration.