News
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Egypt’s inflation surges at fastest pace this year in May
Egypt’s urban inflation rate saw its fastest acceleration of the year in May, reaching 16.8 percent year-on-year, up from 13.9 percent in April.
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Egypt unveils comprehensive new export rebate programme
The design of the new scheme drew upon international best practices, extensive public consultations, and a series of expert workshops.
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Remittances from Egyptians abroad register record $26.4 bln
According to the CBE, this represents an unprecedented rise compared to the $14.4 billion recorded during the same period of FY2023/2024.
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Saudi Arabia Advances Red Sea High-Speed Rail with Egypt
The new line will link Sharm el-Sheikh in Egypt with Ras Alsheikh Hamid in Saudi Arabia, passing by Tiran Island via a bridge.
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Ahmed Kouchouk recognized as Africa’s Finance Minister of the Year
The recognition highlights Kouchouk’s “visionary economic stewardship” and his role in implementing bold fiscal reforms.
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Egypt Becomes First in Region to Meet WHO Target on Hepatitis B
Egypt is the first Eastern Mediterranean country to reduce hepatitis B prevalence below 1% among children aged five and older.
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Automobile Division expects passenger car prices in Egypt to rise soon
Zeitoun attributed this demand to the limited supply, coupled with rising prices of brand new cars in recent years.
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US companies delegation leaves Cairo with renewed investment confidence
Egypt successfully hosted the US-Egypt Policy Leaders Forum under the auspices of Egyptian President Abdel-Fattah El-Sisi.
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Egypt’s El-Dabaa Nuclear Project Reaches Milestone
During the visit, the minister also examined the latest developments in the technical testing of the turbine generator for Unit 1.
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Huawei hosts Cloud Fintech Summit Egypt 2025
Flexus offers affordable deployment, scalable computing, and lightweight databases for SMEs.
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Egypt's renewable energy capacity is expected to reach 31.6 GW by 2035
The country is actively expanding its capacities through large-scale solar and wind energy projects.
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Suez Canal Bank, Mastercard send lucky cardholder to Venice Film Festival
Running from May 9 to June 9, 2025, the campaign was open to Suez Canal Bank Mastercard Platinum credit cardholders.
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UN, Iran, and Egypt hold talks as nuclear enrichment ramps up
Iranian, Egyptian and U.N. leaders met in Cairo on Monday to discuss Iran’s nuclear program.
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Inside the struggles shaping Egypt’s declining population growth rate and why families are rethinking parenthood
2024 saw the lowest birth rate in the country’s history, with just 2.41 births per woman, and fewer than 2 million births that year.
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Egypt’s private sector edges toward stability
Egypt’s non-oil private sector economy showed signs of stabilization in May, according to S&P Global’s latest Purchasing Managers’ Index (PMI).
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AMEA Power commissions Africa’s largest wind power plant in Egypt
Located in Ras Ghareb in the Red Sea Governorate, the facility anchors Egypt’s leadership in the continent’s renewable energy transition.
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Egypt’s pharmaceutical market hits EGP 309bn in 2024, marking 43% growth
A key highlight of the meeting was the EDA’s continued success in gaining international accreditation.
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Al-Mashat: EU’s recent MFA plays critical role in driving reforms
Between 2025 and 2027, Egypt and the EU will implement a new cooperation framework as part of their comprehensive strategic partnership.
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Chinese well-drilling technology turns Egypt's deserts into farmland
For many Egyptians, these projects represent more than infrastructure -- they represent progress toward greater food security and stable income.
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CBE announces 5-day bank closure for Eid Al-Adha holiday
Eid Al-Adha, which begins on Friday, 6 June, is one of the two major Islamic holidays and marks the start of the Hajj pilgrimage season.