News
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AngloGold Ashanti Expands Investment in Egypt with New Gold Exploration Deal
AngloGold expands operations with a new Eastern Desert gold exploration agreement, signaling growing investor interest in Egypt’s mining sector.
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El-Sisi highlights private sector's role in economic development and export growth
President El-Sisi emphasizes the private sector's role in economic growth and job creation, aiming to unlock more public-private synergy.
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Egypt takes over chairmanship of AfCFTA council of trade ministers
Egypt takes the lead in shaping intra-African trade policy under AfCFTA, strengthening its influence on continental commerce.
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Egypt Launches Intensive Program to Drill 75 Oil Wells in Eastern Desert
A 12-month plan by Egypt’s General Petroleum Co. to drill 75 wells aims to boost daily output by 7,500 barrels.
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Egypt Signs EGP 15 Billion Agreement to Build Alexandria Metro Trains
Egypt and NERIC partner on a 15 billion EGP project to locally build Alexandria Metro trains, bolstering infrastructure and manufacturing.
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LMD Launches Landmark 150-Acre Mixed-Use Development in West Cairo
LMD launches a mega 150-acre residential-commercial complex in West Cairo, targeting modern urban development.
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Prime Minister and Minister of Industry inspect Egyptian Swiss Group's food manufacturing complex
Egyptian Swiss Group eyes $10M expansion in 10th of Ramadan City to boost exports and food production capacity.
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Ancient Egyptian Town Discovered Near Alexandria
A 3,500-year-old town unearthed near Alexandria shifts Egypt’s historical timeline and offers potential for cultural tourism expansion.
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U.S. and Egypt Sign $235 Million Contracts to Modernize railway infrastructure
The U.S. and Egypt ink $235M railway deals to upgrade infrastructure, enhance efficiency, and deepen bilateral economic cooperation.
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80% of Egypt’s B2B startups are ‘digital ghosts’
ThruHQ reveals 80% of Egypt’s B2B startups lack digital presence, missing out on $3.5–$4.5B in opportunities due to poor online visibility.
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Egypt cuts interest rates for first time in 5 years
Egypt slashes rates by 225 basis points after 5 years of tightening, signaling easing inflation and a pivot to growth-supportive policy.
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Egypt’s M&A market thrives amid reforms and investment
Egypt’s M&A activity jumps 23.7% in 2024, fueled by reforms, privatization efforts, and investor confidence in structural improvements.
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Egypt’s central bank slashes key interest rates by 225 bps
Egypt’s central bank cuts interest rates by 225 bps for the first time in 5 years to boost growth amid easing inflation and economic reforms.
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Egypt plans to establish two integrated textile cities
Egypt will build two textile hubs, attract $3.5B in investment, create 400K jobs, and boost Upper Egypt’s industrial landscape.
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Steel And Cement Prices Drop In Egypt Amid Market Changes
Ezz Steel cuts rebar prices, lowering construction costs and offering a potential boost to Egypt’s real estate and development sectors.
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Egypt Targets 10 mln Ton Wheat Harvest
Egypt aims for 10M tons of wheat in 2025, up from 9M, through expanded land use and crop yield improvements to reduce import reliance.
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Al Ahly Sabbour Developments launches the 1st phase of “The Mornings” – Egypt’s first ‘Own-to-Rent’ concept
Al Ahly Sabbour unveils ‘The Mornings’ in New Cairo—Egypt’s first own-to-rent model blending smart design with investment potential.
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Sphinx Airport provides groundbreaking new service for the deaf and mute
The service involves issuing an identification card bearing the “Service for Deaf & Mute” logo and a sign language symbol.
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French fashion house Jacquemus shoots campaign in Egypt
In recent years, Egypt has become a popular spot for top fashion houses to reveal new collections.
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All you need to know about Egypt's FY2025/26 budget
The plan focuses on transformative investments in the electricity and renewable energy sectors, urban development, and essential services.