News
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Hisham Talaat Moustafa among the Middle East's top real estate leaders in 2025
The Managing Director of Talaat Moustafa Group Holding is one of the most influential real estate company leaders in the Middle East for 2025.
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Egypt’s largest wind farm begins operations ahead of schedule
The largest operational wind farm in Africa is being developed by the Red Sea Wind Energy consortium under a 25-year build-own-operate scheme.
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Hungarian Company to Build Optical Fibre Cable Linking Egypt with Europe
The agreement reached between Europe and Egypt which will provide internet access to six million more households in the country.
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Egypt sets record for mango exports to Turkey this season
The reduction in Peruvian mango supplies to Turkey enabled Egypt to further strengthen its market position.
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Suez Canal Revenues Plunge 61 Percent due to global escalation
The number of ships passing through the canal was cut in half, with only 13,213 vessels recorded in 2024 compared to 26,434 the previous year.
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Alstom to Build Two New Plants for Train and Component Production in Egypt
Alstom is investing in two plants in Egypt to produce trains and components. This is reported by the railway transport news portal Railway Supply.
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Trade between Egypt and Saudi Arabia reaches US$15.98 billion in 2024
This figure represents a 29 per cent increase compared to the previous year, as reported by Sada El-Balad, a partner of TV BRICS.
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Mapei opens new plant in Egypt
Mapei Group has 220 employees. It has been present in the country since 2002 through its subsidiary Vinavil.
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Egypt remittances jump 81% in first seven months of FY2024/2025
Remittances reached approximately $20 billion, up from $11 billion in the same period of the previous fiscal year,
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Egypt allocates EGP 150 bln for petroleum subsidies in FY25/26
The Egyptian government has allocated EGP 150 billion for petroleum subsidies in its upcoming fiscal year's budget.
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Egypt Sets LE 3.5 Trillion Investment Target for FY2025/2026
Egypt’s foreign reserves saw a strong year-on-year increase of 34 percent, reaching $47.4 billion by the end of February 2025.
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Egypt inks protocol to finance 40 agricultural projects in South Sinai
The agreement is part of joint efforts to promote sustainable agricultural development in Sinai.
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Magdi Gamil Appointed General Manager of Fairmont Nile City
Gamil's journey in hospitality began in 2003 at Concord El Salam, where he swiftly progressed to Assistant Sales Manager.
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Egypt to transform millions of tonnes of agri and food waste into animal feed
Discussions are underway in Egypt on how to recycle millions of tonnes of agricultural and food waste into animal feed.
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Afreximbank targets $2 billion in financing to Egypt in 2025
The African Export-Import Bank (Afreximbank) aims to provide $2 billion in direct and indirect financing to Egypt in 2025.
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Türkiye experienced the biggest increase in textile exports in Egypt
In March 2025, the industry reached an export figure of 1 billion USD with a 1.8 percent increase.
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Оver 800 Saudi companies invest US$34 billion in Egypt
Farouk highlighted that Saudi Arabia is Egypt’s third-largest trading partner, with bilateral trade reaching US$13 billion in 2023.
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Over LE 1.8 Trillion Allocated to Health, Education, and Infrastructure in Egypt’s FY2025/2026 Budget
An additional LE 5.2 billion has been designated for the railway sector, while LE 1.8 billion will cover student and metro transport subscriptions.
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China’s Befar Group breaks ground on $500mln chlor-alkali project in Egypt
The project is located within TEDA-Egypt's industrial park within Sokhna Industrial Zone.
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Qatar and Egypt agree to work towards package of $7.5 bln
Egypt is pushing ahead with efforts to secure funding from Gulf neighbours and foreign partners as it seeks to tackle heavy foreign debts.