News
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FactBox: Egypt in EBRD June 2026 Regional Economic Prospects report
Egypt’s economic expansion is set to slow in 2026 as external shocks and tighter financial conditions bite.
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Egypt advances electricity market reform through partnership with Nexus Analytica
The discussions focused on establishing the regulatory rules and operational mechanisms required under Egypt’s Electricity Law to organize electricity
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Egypt faces medical brain drain, govern’t addresses workforce shortages: Min.
The total number of doctors working in government hospitals reached 120,400 in 2024, compared to 122,400 in 2023 representing a decline of 1.7 percent
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Egypt to cut red tape for business and list up to four state firms
Planned reforms aim to streamline company formation but also ease capital raising and make M&A processes easier, especially for non-listed firms.
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Egypt key regional partner to Russia as SPIEF 2026 concludes with $84 billion in deals
This year’s forum attracted more than 24,500 participants from nearly 140 countries and resulted in the signing of 1,084 agreements.
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Edafa Venture acquires Egyptian companies Kuadra and IRRI Vision
The acquisition included Kuadra, a company specializing in construction technology, and IRRI Vision, an AI-powered health platform.
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Egypt, UAE’s Al Nowais Ink 1,500 MWh Battery Storage Deal
Minister of Electricity and Renewable Energy, witnessed the signing of two agreements to establish separate Battery Energy Storage Systems(BESS).
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Egyptian government announces shift from in-kind to cash subsidies
The government aims to begin implementing the cash subsidy system in the next fiscal year, after completing the necessary studies.
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Young investors fuel Egypt’s digital gold boom: iSagha
Individuals under the age of 40 account for more than 80% of investors in Egypt’s gold funds.
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Egypt seeks greater Japanese investment during Abdelatty's Tokyo visit
Abdelatty met with Japanese National Security Adviser Keiichi Ichikawa to discuss regional and international developments of mutual concern.
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Does the economics of a regional grain hub in Egypt actually make sense?
Egypt's geography position the country as the center of regional food supply chains by leveraging its location and expanding its storage network.
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Tourism Ministry ups charter flight incentives to USD 165 mn
The Tourism Ministry is allocating USD 165 mn to its charter flight incentive program in FY 2026/27 a 6.4% increase from the current FY.
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Egypt Does Not Need New IMF Program, Prime Minister Says
The government’s new budget will place greater emphasis on social services and industrial development, according to Madbouly
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Egypt’s “Greening Cairo” plan expands restoration and tourism efforts in historic city districts
The integrated approach is intended to protect Cairo’s architectural, historical, and cultural character while strengthening the city’s tourism appeal
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Egypt records eight M&A deals worth $22m in Q1 2026
The report revealed that the Middle East recorded 196 announced deals. Egypt accounted for eight, valued at $22m, down from 11 deals a year earlier.
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IDA seeks EGP 21 bn to fix industrial land shortage
The Industrial Development Authority is asking for EGP 21 bn to service 17 industrial zones, but lawmakers want the authority to rely on its resources
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Egypt earns international recognition for civil aviation progress
They cited Egypt's rapid development of its civil aviation sector and its growing ability to host major global aviation events
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Egypt Cabinet Imposes VAT on Natural Gas, No Impact on Households
It is subject to a table tax of EGP 20 per 1,000 cubic feet. This comes as part of a wider plan to increase state revenues and widen the tax base.
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Egypt, China extend currency swap deal for three more years
The two countries initially signed the bilateral currency swap deal in December 2016, with a value of 18 billion yuan, or $2.62 billion, for 3 years.
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Egypt seeks closer industrial cooperation with Ireland in pharmaceuticals, technology sectors
Egypt aims to benefit from Irish expertise in advanced industries and technology-intensive sectors to support local manufacturing and technology.