News
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Egypt to double energy spending by 2025-2026
The program aims to diversify energy sources, expand production from renewables and strengthen the national grid to meet growing demand.
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Egypt Installs First-Ever Air Purification System Inside Great Pyramid
It was installed in the King’s and Queen’s Chambers in cooperation with El-Araby Group and Sharp Corporation of Japan.
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Egypt ready to host new Chinese factories in Suez Canal Zone
Egypturgedthem to expand their investments in Egypt, with a particular focus on electric vehicles, water desalination, and renewable energy
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Egyptian fintech startup Munify raises $3m seed round to expedite market expansion
Egyptian fintech startup Munify has raised a US$3 million seed round led by Y Combinator to expedite engineering, compliance, and market expansion.
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Egypt Climbs the Global Travel Rankings to Secure 24th Position for 2025
The Egyptian Cabinet’s Information and Decision Support Center (IDSC) has recently highlighted critical insights from a worldwide travel report.
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China Energy Engineering Corporation plans to invest $1bln in Egypt over 5 years
China Energy Engineering Corporation is seeking to invest $1 billion in Egypt over the next five years, according to a statement.
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Egypt oil firm achieves AI-driven discoveries, boosts reserves
The company added reserves of about 62.4 million barrels of oil equivalent in a mature area where production had been suspended for many years.
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Egypt’s Petromaint wins $121 million deal to maintain Iraqi oilfield
Petromaint intends to broaden its market footprint by expanding its cooperation with international operators in Iraq, particularly Italy’s Eni.
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Egypt to invest US$3 billion in agriculture and irrigation in FY 2025/26
Of the total, about US$362million will come from public investment, while the private sector is expected to provide nearly US$2.64 billion.
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Multinational consortium agrees to invest US$220 million in solar PV, BESS factory in Egypt
The factory’s cells will be designated for “export to global markets”, which could be significant as many countries with growing solar sectors.
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Egypt’s garment exports grow 26% in first seven months of 2025
Experts noted that if current monthly growth rates of between 30 and 35 per cent are maintained, exports could reach US$3.7 billion by the end of 2025
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Egypt earmarks EGP 136.3 bln for electricity, renewable energy projects in FY25/26
This is almost doubling the EGP 72.6 billion planned for FY2024/2025, according to a report released on Monday.
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Egypt’s Car Sales Jump 83% in First Seven Months of 2025
Sales in July alone rose by 36.9 percent, with 15,600 vehicles sold compared to 11,400 in July 2024.
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Egypt’s Tourism Revenues Rise by 14.7% in Nine Months
Growth attributed to diversification of tourism sectors and infrastructure development, the Cabinet Media Center stated.
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National Bank of Egypt, Banque Misr cut yields on saving certificates
The new cuts bring the total cuts the CBE applied in 2025 to 5.25 percent (525 bps).
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Egypt and Sudan Explore Mining Cooperation
Egypt is considering building specialized mining schools, and that is in parallel with expanding in research and studies to serve the industry.
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9 Egyptians Among Forbes’ 2025 Top Travel and Tourism Leaders in Middle East
Hisham Talaat Mostafa, Hamed El Chiaty, Tarek El Sayed and Ahmed Adel are among them.
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Egypt to invest EGP 144.8 bln in agriculture, irrigation in FY25/26
Egypt has allocated EGP 144.8 billion ($3.1 billion) in investments for its agriculture and irrigation sectors in the 2025/26 fiscal year.
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Egypt commits LE 165B to food subsidies, calls for stronger global partnerships at G20
The state allocates around EGP 165 billion annually to support essential goods, benefiting more than 60 million citizens.
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Egypt signs $340 mln oil, gas exploration deals with global firms
Egypt has signed four oil and gas exploration agreements worth more than $340 million with international companies, as it seeks to boost production.