News
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Egypt, Czech Republic explore trade and investment opportunities
Egypt and Czech Republic boost cooperation to grow exports, attract investment, and leverage Egypt’s gateway to Africa position.
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Borna to Invest $40mn for Natural Gas Separation, Carbon Capture Facility in Egypt
Canada's Borna plans a $40M facility in Egypt to recover flared gas and implement carbon capture, aiding emission cuts and boosting energy efficiency.
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New Alamein Selected as Arab Summer Capital for 2025
New Alamein earns the 'Capital of Arab Resorts 2025' title, spotlighting Egypt's coastal tourism push with modern infrastructure and cultural events.
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Egypt to start assembling new generation electric vehicles
Egypt partners with China to locally assemble electric vehicles, aiming to boost local content from 45% to over 60% in three phases.
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Egypt’s textile sector expands with foreign investment and competitive advantages
Egypt's textile industry attracts foreign investors with low costs, tax incentives, and strategic advantages, positioning itself as a global hub.
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Egypt central bank cuts key interest rates by 100 bps
Egypt's central bank reduces key interest rates by 100 basis points, aiming to balance economic growth and inflation control amidst IMF-backed reforms
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Egypt insists Red Sea security dynamics have shifted and Suez return is possible
Egypt's foreign minister asserts improved Red Sea security post-Yemen ceasefire, aiming to restore Suez Canal traffic and recover $8bn in lost revenue
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Egypt in talks to buy 40-60 LNG cargoes this year amid record energy crunch
Facing declining gas production and summer demand, Egypt plans to import 40–60 LNG cargoes, potentially spending $3B to avert blackouts.
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CIB partners with Lantern Ventures to boost SME growth
CIB teams up with Lantern Ventures to enhance SME growth, offering tailored financial and strategic support to empower Egypt's entrepreneurs.
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Gold prices in Egypt drop on Thursday
Gold prices in Egypt declined on Thursday, with 24-karat gold at EGP 5,280 per gram for buying and EGP 5,308.5 for selling
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Local alliance formed to support Egyptian exports’ expansion into new African markets
Six Egyptian firms form an alliance to boost exports to Kenya, Nigeria, and Ghana, aiming for $145B in exports by 2030 with a Nairobi logistics hub.
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Current IMF program will be Egypt’s last loan, Prime Minister declares
Egypt’s PM declares current IMF deal will be the last, signaling a shift to economic self-reliance by 2026–27 and reducing future external borrowing.
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PM reviews project proposal to optimize Holy Family Trail tourism potential
The project seeks to create a unique spiritual experiment for visitors, Ghabbour said, noting that it will be self-financed.
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Egypt’s first cruise tourism forum to be held in Cairo this June
Under the theme ‘Navigate Egyptian Legacy’, the Cruise Egypt Forum will gather global industry leaders in Cairo to chart a course for Egypt’s cruises.
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National Bank of Egypt leads in brand value in 2025 ranking
Egypt’s top 10 most valuable brands are now worth a combined USD3.3 billion in 2025, according to the latest Egypt 10 2025 ranking.
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Suez Canal offers 50% on crew replacement fees
Requests to benefit from the service must be submitted through the digital platform on the Suez Canal Authority's website.
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Edita Frozen Food Industries enters food service sector with new bakery line
The products are designed to meet the standards of hotels, restaurants, cafés, and catering services, offering ready-to-bake solutions.
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Sisi, PM discuss incentives to empower private sector
The president said maintaining the improvement in macroeconomic indicators is also important to ensure the implementation of development programs.
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Egypt's SCZone attracts $15 mn garment project, to create 2,000 jobs
The project, covering an area of over 27,000 square metres, is expected to manufacture more than 12 million ready-to-wear garments annually.
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Ticket prices for the Bus Rapid Transit system in Egypt, starting from LE5
The Egyptian Transport Ministry announced ticket prices of the Bus Rapid Transit (BRT) system along the Ring Road.