News
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Century Cruises growing in US and Europe, plans Egypt newbuilds
The company is expanding in Europe and Egypt, where it's investing in shipyards, with new vessels planned.
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Egypt gains ground in global blueberry trade
The IBO reported 80 hectares dedicated to Egyptian blueberries in 2022, although some dispute these figures
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Morocco’s Wafa Assurance eyes Egypt’s Delta Insurance
The Moroccan insurance company offers a price of 40 Egyptian pounds per share, valuing Delta Insurance at almost $100 million.
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Egypt sets up crisis committee to monitor repercussions of Iran-Israel war
The former Governor of the Central Bank of Egypt, Mahmoud Aboul-Eyoun, expressed his concerns about the impact on foreign exchange earnings.
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Egypt to offer Hurghada airport to private sector by end of 2025
President El-Sisi issued directives to proceed with developing Egyptian airports through international partnerships.
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Moses Bridge to connect Saudi Arabia
Saudi Arabia and Egypt plan to build a bridge across the Red Sea, providing millions of people with direct access to the futuristic city of The Line.
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Why Chinese factories are moving to Egypt amid the trade war
A growing number of Chinese manufacturers are shifting production to Egypt as they seek relief from US tariffs on China and Southeast Asia.
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IFC committed to supporting Egypt transition to private-sector-led economy
Since beginning operations in Egypt nearly 50 years ago, IFC has invested and mobilized almost $10 billion in investment projects.
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Fertilizer companies halted after suspension of Israeli gas
Egyptian fertilizer producers suspended their activities due to reduced imports of Israeli gas, following recent production halts.
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Egypt and EIB Global set to deploy EU grant aimed at greening Egyptian economy
The Egyptian government and the EIB’s development arm have signed an accord on the use of a €21 million EU grant to decarbonise the domestic economy.
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Arab Organization for Industrialization, Stellantis sign exclusive deal to produce 240,000 cars in Egypt
Moreover, he noted that approximately 7,000 cars are scheduled for annual production over four years, totaling 28,000 vehicles.
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EGBANK and Mastercard Partner to Expand Digital Payment Solutions in Egypt
The collaboration aims to strengthen EGBANK’s strategy and reinforces its commitment to delivering convenient, seamless and secured payment experience
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Egypt signs financial closure deal with Norway's Scatec for 1 GW solar plant
The government also signed a power purchase agreement for a 900 megawatt wind project that is being developed in the Gulf of Suez with Scatec.
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Egypt Activates Emergency Gas Plan Amid Total Halt in Israeli Imports
Following the outbreak of war between Israel and Iran, Egypt suspends industrial gas supply, turns to fuel oil and diesel for power.
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Four Companies Win Egypt Bid Round for Glass, Kaolin Sand Exploration
Mineral Resources Bid Round No. 1 for 2024 concluded with positive results, attracting participation from 20 mining companies and 19 private companies
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Grand Egyptian Museum opening delayed to Q4
Egypt delays GEM’s grand opening to Q4 2025 due to regional tensions, aiming for a globally resonant event that honors its cultural legacy.
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Egypt signs financial closure deal with Norway's Scatec for 1 GW solar plant
Egypt finalizes a deal with Norway’s Scatec for a 1 GW Kom Ombo solar plant, marking a major step in clean energy expansion and climate finance.
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African Development Bank greenlights $184.1M to back Africa’s largest solar power facility in Egypt
AfDB funds Egypt’s 1GW Obelisk solar project with $184.1M, including battery storage, creating 4,000 jobs and cutting 1M tons of CO₂ annually.
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IFC, AMEA Power back Egypt’s first utility-scale battery storage project
IFC invests $72M in Egypt’s first large-scale battery storage system, boosting clean energy with 300 MW capacity tied to Kom Ombo’s MW solar plant.
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Egyptian exports to BRICS nations record $905M in 2024
Egypt’s exports to BRICS rose 31.5% to $905M in 2024, with imports up 40%, highlighting deepening trade ties and strategic economic integration.