News
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The viral foods tourists are trying in Egypt
Sometimes, the real gems are tucked away in the most unexpected spots along the old corniche streets, in unassuming shops, or with street vendors.
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Saudi Jarir, Aman Egypt to establish over $26mln finance company
After obtaining the necessary regulatory licenses, Aman Egypt will hold a 49% stake in the joint venture’s shares.
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Egypt transforms leather industry with innovative development plan
Robbiki Leather City, a national leather industry development project, sprawling across 500 feddans, is being executed in three phases.
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Egypt’s GDP growth reaches 3.5% in Q1 FY2024/25
Private investments grew by 30%, reaching EGP 133.1 billion, compared to EGP 102.3 billion in the same quarter of the previous year.
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Phase-I of project to revive Egypt's textile industry over
The second phase is scheduled to be completed by mid-2025, with the entire project anticipated to conclude by early 2026, the prime minister said.
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EMRA Launches Bid Round for Kaolinitic Sand, Glass Sand Mining
The bidding, which included several blocks, starts on December 18th, 2024, and the closing date is February 13th, 2025 at 12:00 pm Cairo Local Time.
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Egypt’s Tourism Sector Thrives with 15 Million Tourists in 2024
One of the key drivers of the tourism sector’s success has been the implementation of streamlined visa processes.
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"Haya Karima" Projects Operational in 1,477 Villages, 68% in Upper Egypt
Training was completed for staff moving to 250 complexes, with a total of 7,827 employees trained.
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Egypt's Mostakbal Misr receives first wheat import shipment
The Mikhail Nenashev, carrying a shipment of 28,000 tons, arrived at Alexandria's port. The seller or price of the shipment has not been revealed.
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Egypt Considers Launching New Mixed-Use and Tourism Projects
These plans target various sectors such as hospitality, residential housing, and commercial services, are designed to elevate Egypt’s infrastructure.
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Egypt received €1 bln first tranche of EU €7.4 bln financing package
On 20 December, the EU approved the disbursement of the first tranche to Egypt as part of its macro-financial assistance (MFA) to the country.
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Egypt achieved unprecedented leap in localizing food industries
Prime Minister Mostafa Madbouly highlighted the unprecedented progress Egypt achieved in localizing food industries and processing agricultural crops.
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How to register your imported phone in Egypt
The Egyptian Customs Authority has unveiled a new mobile application, dubbed Telephony (MY Phone), to facilitate the registration of imported phones.
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Egyptian Investments in Africa Surpass USD 14 Billion
Foreign minister Badr Abdelatty noted that the figure reflects Egypt’s commitment to fostering economic growth across Africa.
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ACWA Power secures $702M for 1.1GW Egyptian wind farm
The project's total investment cost is estimated at approximately 4.13 billion Saudi Riyals. The company maintains a 70% stake in this venture.
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Egypt real GDP growth recovers to 3.5% in Q1 FY24/25
The real GDP growth rate recovered to 3.5 percent during the first quarter (Q1) of the fiscal year (FY) 2024/2025, from 1 July to 30 September.
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Egypt's 2024 Real Estate Trends: Focus On Tourism and North Coast Developments
One of Savills' major 2024 success stories was its transformation of Majarrah, a flagship mixed-use development by Bonyan for Investment.
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Egypt signs $120m deal to establish pharmaceutical industrial zone
It will focus on producing key raw materials for the pharmaceutical industry, further strengthening Egypt's self-sufficiency in medicines.
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Private sector investments in Egypt surges to LE 133.1B during FY 2024/2025
Public investments experienced a sharp decline, contracting by 60.5 percent to LE 57 billion, down from LE 144.4 billion in Q1 of FY 2023/2024.
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Foreign Direct Investments surged 11-fold during FY2023/2024
This growth highlights Egypt's growing attractiveness to international investors. The country drew in $46.1 billion in FDI.