News
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ICT sector fastest-growing contributor to Egypt economy
The sector now boasts an annual growth rate of 16 percent, making it a cornerstone of Egypt’s economic development strategy.
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“Valu” Announces its Intention to Float on The Egyptian Exchange
The ratio of the number of Valu shares that will be allocated to the shareholders of EFG Holding is 1 Valu share per 3.3273 EFG Holding shares.
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Giza Palace Cairo Sets a New Standard for High-End Hospitality in Egypt
Located in the vibrant heart of West Cairo, Giza Palace is destined to become a prime destination for both international visitors and local residents.
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Egypt, Germany sign EUR 118 mn financing agreement
The EUR 118 mn financial cooperation agreement dedicated to supporting the education and energy sectors.
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Egypt’s PM meets Samsung, stresses importance of localising advanced tech industries
Egypt is open to providing exceptional incentives, particularly those that produce large quantities with a high local component and export rates.
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Over 6,000 projects completed in Upper Egypt with $642mln investment
To date, the programme has implemented more than 6,000 projects with total investments exceeding EGP 32bn.
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Economist says Egypt’s debt servicing bill exceeds 50% of public spending
The primary surplus of 3.1 percent of GDP from the July 2024-April 2025 period strongly indicates improved public financial management.
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I-Score, Modefinance Int’l to develop smart MSME grading system for Egypt market
I-Score is Egypt’s only licensed private credit bureau and a key player in its financial ecosystem.
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PM reviews Grand Egyptian Museum opening plans
Madbouly made the remarks during a meeting with media executives to review ongoing preparations for the museum’s long-awaited inauguration.
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Egypt Set to Launch €1.8 Billion EU-Backed Investment Guarantee Initiative in June
Al-Mashat also outlined recent economic reforms undertaken since March 2024, aimed at reinforcing macroeconomic stability.
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Egypt's Sisi calls for establishment of US industrial zone in Suez Canal
Sisi expressed Egypt’s ambition to become "a regional industrial hub for American industries and a gateway to Arab and African markets".
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Egypt receives 2nd floating regasification unit for boosting summer supplies
In June, Prime Minister Mostafa Madbouly said the government would spend $1.18 billion on gas imports to cover summer shortfalls.
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Shark Tank Business Park: A Revolutionary Development by Madinet Masr
This one-of-a-kind destination is designed to seamlessly blend work and play within a dynamic environment that unlocks human potential.
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After half a century, the ‘Kampp23’ tomb’s owner has been revealed
Excavations from the mission identified the tomb owner as likely being Amun-Mes, mayor of Thebes during the Ramesside period.
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Egypt, Germany sign $493.15mln financial cooperation agreement
The FCA includes a €32 million grant to support the establishment of 25 Egyptian Centers of Excellence to support the technical education initiative.
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Minister of Electricity reviews national power grid stability as high-demand season approaches
Esmat highlighted the adoption of new operational patterns aimed at reducing fuel consumption while ensuring the grid can meet the heightened needs.
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GAC signs CKD production agreement in Egypt to boost local manufacturing, regional cooperation
GAC INTERNATIONAL and Abdul Latif Jameel have introduced models such as the EMKOO, EMPOW, GS3 EMZOOM, and GS4 through vehicle imports.
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Egypt signs strategic partnership to advance orthopedic care with Zimmer Biomet
The agreement aims to introduce state-of-the-art orthopedic implants and prosthetic technologies in Ministry-run healthcare facilities.
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Egypt launches platform to boost SME access to development finance
Egypt has secured more than $14.5 billion in concessional finance over the past five years, with 77 percent routed through commercial banks.
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$25B of US investment in Egypt, mostly petroleum sector
He explained that the U.S. presence in the Egyptian market is not new, but rather an extension of decades of successful partnerships.