News
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Will there be load shedding in Egypt this summer? Official explains
Electricity conservation measures have resulted in significant energy savings, with approximately 18,000 megawatt-hours saved in just one week.
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Nuca cracks down on developers who re-sell land to others
The move comes after the government noticed a pattern of land re-allocation through development partnerships with secondary developers.
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Egypt Launches New Bid Round for Three Blocks Offshore Gulf of Suez
This initiative is part of the Open Blocks Licensing Program (OBLP), launched by the Ministry of Petroleum and Mineral Resources (MoPMR).
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Three more investment tickets worth USD 25.6 mn for the SCZone
Three companies are investing a total of USD 26.5 mn to establish new facilities in the Sokhna and West Qantara industrial zones.
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Egypt’s financial position now more flexible, resilient to challenges
The government plans to offer a package of high-quality, liquid companies in the coming period, including Misr Life Insurance and Bank of Cairo.
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Madaar Developments unveils The Hillage in Sheikh Zayed with EGP 15bn investments
The project exceeds EGP 15bn and introduces a boutique, low-density community concept centered on privacy, exclusivity, and quality of life.
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Egypt reaffirms faster economic reform, export competitiveness, FDI
The aim is to raise the added value of Egyptian exports and strengthen their competitiveness in global markets.
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China can play a supportive role in Egypt’s “Decent Life” initiative
China can play a supportive role in Egypt's Decent Life initiative, launched by Egyptian President Abdel Fattah El-Sisi to promote development.
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PM: "The Spine" project marks leap in Egypt’s urban development
Egypt has successfully launched this international project amidst current geopolitical conflicts, with investments exceeding EGP 1.4 trillion.
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Banque Misr kicks EGP 2.7 bn for Mansour Group’s vehicle assembly plant
The 126k sqm facility will begin operations in 1Q 2027, producing a maximum of 50k sedans, SUVs, and microbuses per year in its first phase.
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Egyptian pound stabilizes near EGP 51/$1 amid ceasefire boost
The Egyptian pound extended its recovery against the US dollar on Sunday, stabilizing near the EGP 51/$1 level by the close of business (COB).
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Dendera Temple and historic houses in Rosetta added to Islamic World Heritage List
This represents the culmination of state efforts to preserve its cultural heritage from various eras and strengthen its presence locally and abroad.
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Egypt and Saudi Arabia are building alternatives to Hormuz to keep Gulf supplied
The new logistics corridor, maritime transport experts say, reduces time and costs and, consequently, affects the overall prices of goods.
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Egypt continues to attract more investments despite global, regional uncertainty
Madbouli said the project, with investments exceeding LE1.4 trillion, is expected to create more than 155,000 direct and indirect job opportunities.
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Egypt, WIPO discuss intellectual property cooperation
Tang said that WIPO will continue providing technical and logistical support to Egypt and noted progress in developing its intellectual property.
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Egypt-Cyprus gas deal signals strategic shift in regional energy balance
The deal aims to transport Cypriot natural gas to Egypt for processing and liquefaction using Egyptian infrastructure, before re-exporting it.
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Egypt Launches Major Arish Logistics Hub to Boost Sinai Trade Corridor
The corridor will also connect with the broader “Arab Corridor” initiative, which seeks to link Egypt with Jordan and Iraq.
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Egypt's citrus boom is powered by Ain Sokhna Port efficiency
The Sokhana port plays a pivotal role in supporting seamless cargo movement with strong multimodal connectivity.
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Communications min. discusses plans for manufacturing smartphones in Egypt
The company will focus on producing high-quality devices at competitive prices to meet the needs of the local market.
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Egypt to establish massive 225-acre Olympic Village project in Red Sea
The Olympic Village is set to feature a diverse array of sports stadiums and specialized arenas designed to meet international Olympic standards.