News
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Chinese investment drives Egypt's economic growth
These deals not only signal a rise in Chinese investment, but also mark China's approval to share advanced technologies with Egypt.
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A Large Camp Where Gold Was Mined and Processed in Antiquity, Found in Southeastern Egypt
This finding not only provides crucial data on the techniques used in gold mining in antiquity, but also enriches the understanding of daily life.
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Russia’s Rosatom Expands Global Quantum Ties with Vietnam and Egypt
While these partnerships may provide opportunities for scientific collaboration they also highlight Russia’s efforts to cement its standing in a field
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Egypt to buy wind energy from Saudi Arabia for 20 years
ACWA Power announced the signing of an agreement to develop a wind energy project in Egypt, valued at approximately $2.3 billion.
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AMEA signs deals with Egypt govt for 1.5 GWh of battery storage
The CPAs, which were signed at a ceremony on Sunday, concern a 500-MWh facility in Zafarana and a 1,000-MWh site in Benban.
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Accor’s Sofitel opens luxury hotel in Cairo, Egypt
The five-star hotel is claimed to be the largest property opened by Sofitel so far.
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Surge In Demand For Used Cars Hits Egypt
Economic pressures push consumers toward more affordable automotive choices amid rising new car prices.
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How 1st Denimandjeans Egypt explored the future of jeanswear
The event saw the participation of various insiders and experts networking together and starting new connections and creative collaborations.
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Egypt achieves 74.8% financial inclusion through strategic central bank policies
By the end of 2024, this equated to approximately 52 million Egyptians managing their finances through banks, Egypt Post, wallet or prepaid cards.
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“Your Home in Egypt” receives strong interest within 48 hours of launching, secures $2.5M
Launched in December 2024, the initiative aims to give Egyptians living abroad the chance to buy residential units.
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Egypt’s top 21 real estate developers double sales to EGP 1.4trn in 2024
Egypt's real estate sector is booming, with top developers doubling their sales to EGP 1.4 tr in 2024, a milestone in the industry's growth.
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Drilling for Success: Egypt’s Oil & Gas Sector on The Rise
Egypt’s oil and gas sector is experiencing significant growth, creating new opportunities in the market for stakeholders.
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Market Standard enters Egypt with EGP 30bn sales target for 2025
New market entrant in Egypt, Market Standard, sets an ambitious sales target of EGP 30bn for 2025, marking a strong push into the market’s trade scene
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HDB doubles net profits to $217mln in 2024, marking 83.1% surge
The Housing and Development Bank of Egypt sees a remarkable 83.1% profit increase, hitting $217 mil in 2024. A strong indicator of financial growth.
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Egypt to launch country's first ultrasound device factory
Egypt prepares to launch its first ultrasound device factory, revolutionizing healthcare technology and contributing to industry development.
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47 Ships Rerouted to Egypt's Suez Canal this Month, Chairman Says
The Suez Canal, a vital global trade route, experiences rerouting of 47 ships in just one month.
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$96M volume of trade exchange bet. Egypt & Zambia in 2024
The trade exchange between Egypt and Zambia hits $96 million in 2024, fostering business ties and opportunities for growth in both economies.
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Naguib Sawiris discusses politics, investments and his meeting with North Korea’s leader
Naguib Sawiris offers insights into his political and investment strategies, including a high-profile meeting with North Korea’s leader.
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The 6 most important AI models
A deep dive into the six most significant AI models transforming industries today. Discover how they are shaping the future of technology and business
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Your Home in Egypt: New housing initiative with exclusive benefits for Egyptians abroad
Ministry of Housing will officially launch the website for the "Your Home in Egypt" initiative where Egyptians living abroad can reserve housing units