News
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Organizing Artisanal Mining Holds the Key to Ending Illegal Gold Exploration in Egypt.
Authorities announced the dismantling of criminal groups involved in unauthorized gold extraction and following violent clashes.
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Egypt in record production in Sinai offshore fields
Sinai offshore oil fields have reached their highest daily production level since 2017, according to the Egyptian Ministry of Petroleum.
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Polaris Parks enters Egypt’s residential market with $97mln investment plan
Polaris Homes debuted with two boutique residential developments in 6th of October City.
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Offshore Sinai oil production hits highest level since 2017
The production increase has generated a surplus of more than 10 barrels per day compared to previous levels and an additional cumulative production.
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PM Madbouly witnesses launch of first Nissan Magnite made in Africa at Egypt plant
PM Mostafa Madbouly attended the rollout of the first Nissan Magnite manufactured in Africa on Sunday at Nissan Egypt's factory in 6 October.
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Top 10 real estate developers see 6.5% y-o-y sales drop in 1Q 2026
Ten of the country’s largest real estate developers saw sales volumes drop 15% y-o-y in 1Q as the market continues a healthy correction phase.
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Egypt inaugurates a major industrial complex with plans for a €25-40 million railway wagon factory
Egypt inaugurated the first phase of the El-Gharably Industrial Complex, a significant industrial facility intended to boost the country’s engineering
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Egypt Opens Major Textile Plant Expected to Generate Up to $500 Million in Annual Exports
The new facility, operated by Jade Textile and owned by Türkiye’s Yesim Group, is expected to generate between $250 million and $500 million.
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Israel gas cuts force Egypt into emergency summer fuel imports
EGAS has reached an agreement with international suppliers to accelerate the arrival of 60% of the contracted volumes to this week.
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Fintech Blnk raises $37.1 million to democratize consumer credit
The company specialized in point of sale financing (POS financing) announced on June 8 a combined raise of $37.1 million.
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Coca-Cola HBC plans USD 1.3 bn investment in Egypt through 2030
Plus: A USD 500 mn-equivalent Samurai bond issuance is in “the final steps”.
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Alcazar Energy secures $420m deal to manage Egypt’s Gabal El Zeit wind farm
The agreements grant Alcazar the rights to invest in, operate, and manage the Red Sea facility through a newly established project company.
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Egypt to increase health, education funding spending by 25%, 22.5% in FY26/27
While pre-university and technical education allocation will rise by 11.5 percent, higher education allocation will increase by 11 percent.
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Egypt PM inaugurates Alexandria industrial projects supporting over 20,700 jobs
One of the largest projects inaugurated during the tour was the Jade Textile factory, owned by Turkey-based Yeşim Group.
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Oil Ministry pushes for September FID on 3.7 tcf Aphrodite gas field
The government is pushing for a September final investment decision on the Aphrodite gas field ahead of a 15-year import contract.
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SMC Media becomes official TikTok advertising partner in Saudi Arabia and Egypt
The partnership gives brands and agencies in both markets direct access to TikTok’s advertising products through SMC Media.
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President El-Sisi ratifies amendments to social insurance and pensions law
Under the revised law, the annual installment will increase by a compounded rate of 6.4% starting July 1.
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Thndr is layering up its stock-trading platform and integrating wealth management
The platform has added on digital gold, fractional real estate, no-commission funds, and AI-powered investment planning.
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Why Egypt’s gold prices just plunged 4.8% and what it means for your savings
The report noted that 21-karat gold—the most heavily traded caliber in the Egyptian market—dropped by 4.8% over the past week.
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Egypt launches national midwifery programme to reduce maternal, newborn mortality
Egypt has succeeded in reducing maternal mortality to 41 deaths per 100,000 live births and is targeting a further decline to 35.