News
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Freighter Runs Aground on Egypt's Red Sea Riviera, Spilling Fuel
On Friday, a coastal freighter ran aground on a reef off El Quseir on the Red Sea coast of Egypt, spilling an unknown quantity of fuel.
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Egypt Gold exports hit $2,1 billion in nine months
Egypt’s gold exports reached $2,17 billion in the first nine months of this year, compared to $1,11 billion in the same period of 2023.
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Egypt’s RoRo Line Launch: Major Step in Transforming Egypt into Regional Logistics Hub
As part of this transformation, the government is focusing on improving and expanding the country's port infrastructure.
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Egypt launches company to build new SAF facility
A new company has been launched in Egypt to build a US$530M sustainable aviation fuel (SAF) facility, Egypt Oil & Gas reported.
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Rise of Egypt’s juicing industry likely to impact European citrus market
The company is set to operate a large-scale juicing facility capable of processing 150,000 tonnes of oranges annually.
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El-Sisi issues decree appointing Central Bank of Egypt board for 1 year
President Abdel-Fattah El-Sisi has issued a decree appointing the Central Bank of Egypt (CBE) board of directors, chaired by Hassan Abdullah.
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30th of June memorial museum to be established
The museum will display photographs, documents, and films chronicling the nationwide June 30th protests in 2013.
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Why booking a private car with a driver is the best way to see Cairo
Transportation is one of the most significant obstacles travelers face in fully enjoying their visit.
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Egypt, Qatar to soon announce big real estate investment project
The joint real estate venture is just one aspect of a broader partnership that aims to increase trade, investment, and cooperation in various sectors.
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Al Mansour Automotive and China’s SAIC to build MG assembly plant
Al Mansour secured the rights to be MG’s exclusive distributor back in 2018.
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Egypt's tax revenues hit LE 560.7B in first 4 months of 2024
This marks the highest growth in tax revenues in the past two decades, adding an impressive LE 155.2 billion to the national coffers.
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TotalEnergies Partners with Air Liquide for Renewable Hydrogen Production Unit
This new project complemented the Masshylia project to produce green hydrogen by electrolysis led by TotalEnergies in partnership with ENGIE.
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Egypt's food exports rise 15.7%, led by sweet potatoes and citrus fruits
Egypt's food exports experienced an uptick, reaching 162,000 tons in the week ending November 22, marking a 15.7 percent increase from the week before
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Egypt's public expenditures surge by 7.3% in FY2024/2025
Spending on wages and employee compensation saw a notable increase of 22.4 percent, amounting to LE 197.1 billion over four months.
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Jade Textile eyes three new factories for USD 180 mn.
The expansion includes a USD 65 mn smart green factory in Tenth of Ramadan to kick off operations in December 2025, a USD 35 mn in Borg el Arab.
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Egypt reaffirms support for IOFS to advance food security initiatives
Farouk held discussions with IOFS Director General Berik Aryn on Wednesday during the World Food Summit in Abu Dhabi.
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flydubai to become first to offer direct flights to Al Alamein, Egypt
Al Alamein has been touted as one of the most exciting, up-and-coming holiday locations in Egypt and the region.
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Egypt’s budget deficit declines by LE 97B during FY2024/2025
The deficit now stands at LE 453.2 billion, representing 2.6 percent of GDP, compared to LE 550.2 billion, or 3.9 percent of GDP.
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Egypt reinforces automotive industry localization with $50M Coficab investment
El-Khatib reaffirmed Egypt’s commitment to advancing the automotive industry and its supporting sectors as key pillars of the national economy.
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Egypt wins first place in Arab FinTech Challenge
Egypt's EZRAALI project wins first place in Arab FinTech Challenge in Dubai. 2nd consecutive win for Egypt.