News
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Elsewedy Electric is setting up USD 500 mn subsea cable factory — the region’s first
Elsewedy Electric to establish the region's first USD 500M subsea cable factory, with all output set for export.
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Housing Ministry to facilitate real estate funds
El-Sherbiny emphasized that real estate funds are vital financial instruments that offer diverse investment opportunities and generate strong returns.
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Fawry and Ottu sign strategic collaboration agreement to drive unprecedented business growth in Egypt
Fawry and Ottu's strategic collaboration aims to drive unprecedented business growth in Egypt's financial sector.
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IMF approves $1.2 billion for Egypt
Cairo has requested financing under the RSF since 2022, with hopes it could unlock up to an additional $1 billion.
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Egypt says 100 countries will attend Gaza reconstruction conference
Egypt prepares to host a Gaza reconstruction conference, with 100 countries participating, aiming to address rebuilding efforts post-conflict.
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Egypt's new grain buyer, run by the military, is pushing local prices up, traders claim
Egypt’s military-run grain buyer expands its influence in the local market, aiming to ensure stable food supplies amid global challenges.
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Egypt's lucrative carry trade in the balance after recent dips
Egypt's carry trade faces uncertainty after recent dips in currency, potentially altering the country's lucrative financial strategy.
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Egyptian Economy Shows Positive Indicators at present
The Egyptian PM highlights the nation's economy, showcasing positive indicators and progress, signaling resilience amid global financial challenges.
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Egypt and EU agree 90 million euro deal to boost food security
Egypt and the European Union finalize a €90M agreement to enhance food security, strengthening bilateral cooperation amid global supply concerns.
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Egypt signs agreement for €7bn green hydrogen project that will produce one million tons of green ammonia a year
Egypt partners for a $7B green hydrogen project aiming to produce one million tons of green ammonia annually, boosting clean energy initiatives.
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Egypt Accelerates Oil and Gas Investments, Saving $1.5 Billion in Imports
Egypt accelerates investments in the oil and gas sectors, saving $1.5 billion through strategic measures, reflecting growth in the energy sector.
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Egypt, Armenia explore cooperation opportunities in health sector
Egypt and Armenia explore potential cooperation in the health sector, aiming to enhance bilateral relations and medical advancements.
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Trevolution Group Sees Surge in Egypt Travel, Exceeding $1.2 Billion in 2024 Bookings
revolution Group reports a surge in Egypt travel bookings exceeding $1.2B in 2024, highlighting a strong recovery and growing international interest.
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Egypt’s Mountain View, STM Investment partner for residential project in East Cairo
Egypt’s Mountain View teams up for a new residential project in East Cairo, marking a significant investment in the real estate sector.
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Is internet addiction on the rise in Egypt?
In Egypt, 72 percent of the country’s 113.6 million people, approximately 82.01 million, are online.
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Cairo Food Week returns for 3rd edition this september
“Our objective is to be able to place our Egyptian food and our Egyptian chefs on the global gastronomy map.”
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Egypt launches project for world’s largest green hydrogen plant
The first phase is expected to be completed in 2030, the second in 2033 and the third in 2035.
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Egypt allocates EGP 1 bln to boost local automotive industry
The initiative aims to boost local car production substantially and attract international investment into Egypt’s automotive sector.
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Egypt’s FRA increases micro-enterprise loan limit
The decisions aim to address economic changes and implement the Unified Insurance Law.
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Huawei and Telecom Egypt partner for 5G rollout
As a result, Telecom Egypt is the first operator in Egypt and North Africa to deploy indoor and outdoor solutions.