News
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Egypt’s non-oil private sector contracts to quickest new low in 2 years
Egypt’s business activity in its non-oil private sector continued its downward trajectory in March, declining at the quickest recorded pace in 2 years
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Local billet production can meet local demand, says Ezz Steel
Egypt imported some 4.7% of the world’s traded billets in 2024, amounting to some 2.6 mn tons.
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Chevron Will Drill Two Gas Wells in Egypt in 2026
Chevron targets up to a 50% lift in Eastern Mediterranean production capacity over five years while advancing a Cyprus to Egypt subsea pipeline plan.
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Egypt’s gold prices jump nearly 5% in single week on global rally
The price of 21-karat gold, the most actively traded in the local market, rose by 4.74% to EGP 7,175 per gram by the end of the week.
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Archaeologists Unearth “First Direct Evidence” of Advanced Ancient Metallurgy in Egypt’s Middle Kingdom
At the heart of the findings was the discovery of a byproduct of metalworking known as “speiss” that was discovered on Elephantine Island.
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Dragon Oil to Invest $3 Bn in Egypt
UAE Dragon Oil is planning to invest $3 billion in the coming years in Egypt, according to the company’s CEO Abdulkarim Almaazmi.
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Cairo adopts dynamic Nile water management to meet rising demand
He explained that the approach relies on advanced modelling tools and satellite imagery to monitor conditions across the upper Nile basin.
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Egypt’s E-Tax, E-Finance to provide digital tax-related services
This built on the first phase, which focused on strengthening trust between the Tax Authority and the business community.
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Egypt looks to restart privatization push with five new EGX filings
Egypt is looking to temporarily list 20 state-owned companies this month that the state is looking to list or exit.
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Egypt signs lifeline million-barrel Libyan oil deal to defy Hormuz blockade
Egypt is planning to import at least one million barrels of Libyan crude oil per month, Bloomberg reported.
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Putin floats idea of 'grain and energy hub' in Egypt
Russia has been seeking new ways of distributing its energy and commodities exports in response to Western sanctions over the war in Ukraine.
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Egypt aims to achieve a 45% renewable energy share by 2028 instead of 2030
The plan emphasized energy diversification, expanding renewable power, and strengthening the national grid to meet rising demand.
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Egypt eyes deeper Franco-German co-operation in defence manufacturing
The ministry’s primary mandate remains meeting the Armed Forces’ requirements for various types of ammunition, weapons, and military equipment.
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Egypt to modernise 30 culture palaces across country within year
The modernisation aims to transform simple buildings into part of an integrated living environment system.
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Three-Month Exemption on ACI Requirements for Gulf Shipping
The new temporary exemption is a response to an extraordinary geopolitical situation in the region.
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Sofitel and Orascom Development Egypt Announce the Signing of Sofitel El Gouna
The property will undergo an extensive phased renovation program starting in 2027, transforming it into a flagship Sofitel destination.
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Wizz Air set for 300% growth in Egypt with 4-million-passenger expansion
This move represents a high-stakes bet on the burgeoning demand for low-cost carrier (LCC) travel connecting Europe and North Africa.
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A Look at Sourcing Apparel From Egypt and Investing in its Textile Industry
The apparel sector plays an extremely important role in the Egyptian economy and it has seen a rebound and a new spurt of growth in recent years.
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Israel to resume operations at the Leviathan gas field
This field is a key source of gas supplies to both Egypt and Jordan. It had been shut down as a precautionary measure during the war with Iran.
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Egypt wants you to leave Cairo & go harvest strawberries in Ismailia
When Cairo wears you down, go harvest strawberries, bake baladi bread, and touch grass.