News
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Egypt to temporarily list 20 state-owned companies on EGX by end-April
During a meeting with PM Mostafa Madbouly, El Sayed noted that 10 of these companies will be temporarily listed within a maximum of 2 weeks.
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Egypt to raise minimum wage to 8,000 pounds from July
Egypt will increase the minimum wage to 8,000 EGP per month from July, Prime Minister Mostafa Madbouly announced on Wednesday.
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Dubai-owned Dragon Oil considering 3 investment opportunities in Egypt
He added that the company is committed to investing $500 million in Egypt by 2025 for its operating and capital budget.
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Egypt announces 10 percent increase in electrical appliance prices
This matter is further compounded by the increase in fuel prices, which has negatively impacted domestic transportation costs.
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Power demand set to double by 2030 drives shift to AI-led autonomous operations
A sharp rise in global electricity demand, projected to double to nearly 1,000 terawatt-hours (TWh) by 2030.
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Egypt Considers Lifting Early Closures for Coptic Holidays
The measure would temporarily lift recently imposed 9 PM closing hours for shops, restaurants, cafes, and other venues during the holiday period.
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Egypt’s tax revenues rise 30.8% in 1st seven months of FY25/26
Egypt’s tax revenues rose 30.8 percent in the first seven months of the 2025/2026 fiscal year, reaching EGP 1.6 trillion.
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Al-Sisi underscores commitment to economic reforms, market stability
Al-Sisi emphasised the need to sustain economic activity across key sectors, including production, manufacturing, and exports.
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Egypt targets $1bn in annual marble, granite exports
Marble and granite are a priority industry with the potential to generate $1bn annually in exports.
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Egypt Denies Fuel Price Increase Rumors, Warns of Legal Action
The ministry confirmed that no decisions have been made to adjust petroleum product prices in the immediate term.
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ME escalation could cost region up to $194 bln, wipe out 2025 gains
A continued military escalation in the Middle East could reduce the region’s economic output by 3.7 to six percent.
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CCC Egypt acquires AluNile to drive facade and building materials growth
AluNile will continue operating as a standalone company serving a broad client base, including competitors.
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Egypt’s engineering exports surge 37.6% to record high in Feb. - EEC
The council described the figure as the highest monthly export value in the sector’s history, reflecting the growing global competitiveness.
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Egypt moves to link fertilizer feedstock costs to international gas prices
For producers of nitrogen-based fertilizers like urea and ammonia in Egypt, natural gas accounts for roughly 70% of production costs.
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Italy’s Eni plans to invest $2bn in Egypt’s energy sector in 2026
Italian energy firm Eni plans to invest $2 billion in Egypt’s energy sector during 2026, the firm’s chief operating officer has revealed.
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Egypt shows promise as regional hub
Egypt’s strategic location has seen the country become an important link for fresh produce between the Mediterranean and the crisis-hit Gulf.
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The Egypt Energy Show (EGYPES) Launches in Cairo, Uniting Regional Leaders to Address Pressing Energy Security Prioritie
Over three days, the event will welcome more than 50,000 participants, 300 speakers, 2,200 delegates and 500 exhibitors.
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Egypt-UK trade reaches £2.8bn in 2025
Trade between the two countries reached approximately £2.8bn in 2025, including £1.5bn in Egyptian exports and £1.3bn in UK exports.
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Gold Prices Rise in Local Markets Amidst Dollar Appreciation
The price of 21-carat gold recorded approximately 7100 Egyptian Pounds per gram. Concurrently, the global ounce price rose to 4541 US dollars.
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Egypt opens a fresh Europe to Gulf transit corridor via Damietta
PLUS: Egypt and Cyprus inked a framework agreement, which sets the stage for more agreements “for the exploitation of Cyprus’ reserves”.