News
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Egypt secures Libyan crude to compensate for Hormuz Strait closure disruptions
Turning to Libyan barrels to cut shipping costs and reduce supply chain risk.
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Egypt exports 70,000 tons of fruit led by citrus and strawberries
Fruit exports reached 70,000 tons across 36 varieties, led by citrus at 45,000 tons, followed by strawberries at 20,000 tons and other fruits at 5,000
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Egypt’s Lucky secures $23m Series B to drive credit expansion across North Africa
Lucky, Egypt’s fast-growing financial technology company, has raised $23m in a Series B round combining equity and debt.
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Egypt acts to limit impact of Gulf disruptions
In response to logistical, cost pressures from the war, Egyptian authorities and citrus exporters are implementing special measures.
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Uber Shuts Down Shuttle Service in Egypt. Shared Mobility Is Proving Harder to Scale.
The company is shutting down its shared minibus service across multiple markets, including Egypt, while doubling down on core ride-hailing.
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Egypt reprioritizes spending in Q4 FY26 amid war pressures
Egypt has reshaped its public spending priorities in the fourth quarter of the current FY2025/2026 (April-June 2026) to address the impact of the war.
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Egypt advances food security strategy through agricultural expansion and innovation
Government outlines integrated approach to boost production, sustainability, and rural development.
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EXIM approves US$2 billion+ to send US LNG to Egypt
EXIM Board of Directors has approved an export credit insurance authorisation of more than US$2 billion supporting US LNG exports to Egypt.
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Could Shams Masr help solve our energy challenges?
Installing 1 GW of solar capacity under concessional financing would require around USD 150 mn, which could be recovered within a year.
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Egypt adopts 5-pillar strategy to boost food security
Egypt has placed food security at the centre of its national strategy, adopting a five-pillar plan to boost self-sufficiency.
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Dragon Oil places USD 3 bn on Gulf of Suez revival
Plus: PRE Group plans 10k-key hospitality expansion through global partnerships.
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Egypt’s 9 PM shop curfew has saved up to LE80 million in 2 days
The total expected savings in fuel consumption during April could range between LE 990 million and LE 1.2 billion.
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Egypt Advances $570 Million SAF Project in Alexandria Targeting 120,000 Tonnes Output by 2029
$570 million investment positions Egypt within the global sustainable aviation fuel supply chain, with 120,000 tonnes annual capacity planned by 2029.
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Basata, Infinity partner to expand EV charging payments in Egypt
The company currently operates more than 250 charging stations and over 850 charging points across 18 governorates, according to company data.
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Egypt, Morocco explore deeper agricultural cooperation, trade and investment
They also agreed to expand specialised training programmes through Egypt’s International Centre for Agriculture to support skills exchange.
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Egypt plans to introduce SIM cards specifically for children
The goal of this step is to protect children from any harmful content, he said, especially given how increasingly digital the educational process is.
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Instapay hits profitability as demand keeps up one year into 0.1% transaction fee
Instapay has also become the bridge between bank accounts and mobile network operator-run e-wallets, representing some 65% of incoming funds.
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ABL Signs Marine Services Deal with Tidewater in Egypt
“This MSA is a reflection of our reputation as marine assurance partners and DP consultants, both in-country in Egypt and across wider Europe.
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Tourism sector of Egypt and Jordan affected by the war
Most of Egypt's power comes from natural gas, yet global tensions have driven sharp increases in fuel costs since the war started.
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Egypt raises electricity prices for higher-use households, businesses
The move is the latest in a series of steps by the government to curb energy use citing a severe global energy crisis linked to the war in the Gulf.