News
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Benban, Abydos expansions to add 1,000 MW of renewable energy capacity to Egypt’s national grid
Egypt is set to add 1,000 megawatts (MW) of renewable energy capacity and 600 megawatt-hours (MWh) of battery storage to national grid.
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Egypt VACSERA receives €750,000 EIB package for €50 mln vaccine plant
Egypt plans to increase spending on the healthcare sector by 25 percent in the new FY 2026/2027, which starts on 1 July.
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Where to snorkel along the Red Sea in Egypt’s underwater Eden
Egypt’s Red Sea coastline is one of the most extraordinary marine environments on the planet, and much of it is within arm’s reach.
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Egypt expedites connecting ACWA Power project to national grid
Egypt is working to improve cooperation with Saudi power generation and desalinated water firm, ACWA Power, to expedite connecting the projects.
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CI Capital completes EGP 1.77bn securitisation issuance for Al Oula
The transaction marks the first issuance under Al Oula’s new securitisation programme and was structured into three tranches with varying maturities.
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China National Tire and Rubber plans $550mln expansion in Egypt
Wang added that the company plans to diversify its product portfolio in the coming years to include passenger car tires.
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Egypt’s wheat harvest strengthens food security as local supply rises
Higher wheat procurement, better storage, and improved farming methods are helping Egypt reduce pressure from imports and global market shocks.
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Suez Canal handled surge in tanker traffic, boosting Egypt’s revenues
A sharp rerouting of oil shipments after the Strait of Hormuz disruption pushed more vessels through Egypt, raising transit fees and currency inflows.
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Egypt clears arrears to oil and gas companies
Badawi said clearing the debt removed a key obstacle to new investment inflows and would support increased exploration, drilling.
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Gourmet plans three new stores as grocer targets EGP 9 bn in sales by 2030
The expansion plans come as the EGX-listed grocer reported a 47% y-o-y jump in its first-quarter net income.
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Al-Ahram, IMPACT to launch Capital Forum 2026 under Prime Minister’s patronage on 21 July
The forum is the first event of its kind dedicated to documenting the journey of Egypt’s New Administrative Capital.
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Finance Ministry launches initiative with start-ups to develop smart public services
The minister stressed that investment in technology represents an investment in the future and a key pillar in building a more competitive economy.
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Egypt’s real GDP growth projected to rise to 4.7% in FY26/27 amid reform-driven recovery
Standard Chartered expected Egypt’s economic recovery to gather pace in FY2026/2027, which started at 1 July 2026, forecasting GDP growth of 4.7%.
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91% of Egyptian consumers use AI as a shopping assistant
Payment technology firm Visa says that 91 percent of Egyptian consumers in a sample study commissioned by VISA use Artificial Intelligence (AI) tools.
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Trial operations kick off at AD Ports’ Safaga 2 terminal
The terminal is Upper Egypt’s first internationally operated port and contractually requires AD Ports to handle 500k containers annually.
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Egypt reports 15% annual rise in garment exports
The increase was driven by a surge in exports to Turkey, the US and Europe.
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US eyes expanding cooperation with Egypt on trade, port development
The United States is exploring opportunities to partner with Egypt to strengthen trade relations and apply US expertise in developing Egyptian ports.
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Egyptian Tax Authority announces no increases in departure fee
Sorour said that the departure fee is fixed at LE100 and has not been modified in any way, either in its value or its legal nature.
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Egypt to support rehabilitation of Syria's oil and gas sector
Egypt & Syria will establish a technical framework to oversee previously agreed energy projects and support the rehabilitation of Syria's oil and gas.
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PM orders faster rollout of solar energy initiative
The PM encouraged the installation of solar panels in factories and homes with the aim of launching it as soon as possible.