News
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Egypt Turns to Libyan Oil Amid Gulf Supply Disruptions
Egypt is seeking to import at least one million barrels of oil per month from Libya.
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Egypt's Sisi says only Trump can stop war, warns oil could top $200
The war will trigger twin shocks of supply shortages and price rises, the full extent of which have yet to be felt, Sisi told the conference.
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CBE issues remote work regulations for Egyptian banks in April
The decision of the CBE comes as part of the Egyptian government's plan to implement electricity-saving measures.
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Damietta Port launches Ro-Ro transit service linking Europe to Gulf markets
Shipments arriving at Damietta are transported onward to Safaga Port on the Red Sea before being shipped to Gulf markets.
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Health Ministry denies spread of meningitis in Egypt
He assured that Egypt is free of any meningitis outbreak, noting that individual cases are being treated according to treatment protocols.
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Egypt to slow down state projects for two months amid Iran war
The government has already raised fuel prices and the price of public transport.
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Egypt looks to deepen India ties as it balances growth, fiscal pressures
Egypt is seeking to strengthen economic ties with India ahead of a new session of the Egyptian-Indian Joint Committee.
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Orascom Development Egypt launches ‘Nuba’ in El Gouna with EGP 3bn sales target
Orascom Development Egypt has launched its latest residential project, “Nuba”, in El Gouna, featuring 97 units and targeting total sales of EGP 3bn.
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Cairo issues urgent warning to shop curfew violators
Penalties: Issuing an initial warning to the shop owner upon the first violation. Imposing a fine ranging from LE 20,000 to LE 50,000 upon repetition.
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Egypt’s medical tourism revenue surges 76.7% in 2025
Egypt is witnessing rapid growth in its medical tourism sector, with revenues increasing by 76.7 per cent in 2025 as the country expands its role.
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Largest-ever minimum wage increase to be announced soon
Madbouly stressed that the government is continuing efforts to ease economic pressures and support citizens amid current global challenges.
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Egypt to launch 2nd issuance of Citizen Bond for individual investors
Egypt will launch the Citizen’s Bond for individual investors for a second time within the next few days, to be available only through post offices.
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Egypt Launches Program to Deploy Professors to Factories to Boost Industry
Egypt launches “A Professor for Every Factory” program to turn scientific research into practical solutions for local industries.
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Kyuden expands into Egypt with 1 GW solar
AMEA Power partnered with Kyuden International and IFC for a 1,000 MW solar and 600 MWh battery project in Egypt.
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Egypt faces 15 June deadline to meet divestment targets to pass Fund’s seventh review
To give it some time to meet the Fund’s criteria, Egypt is asking for the end date of the entire program to be pushed from October to December,
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Egypt top destination for Russian tourists despite regional tensions
Egypt now accounts for 38 percent of the company’s total sales, with monthly demand surging by 34 percent in March alone.
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Egypt to slow down some state projects for two months amid Iran war
The government has already raised fuel prices and the price of public transport. Yet, Madbouly stressed that these measures are temporary.
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Egypt’s Medical Tourism Push Gains Momentum, but Still Trails Global Leaders
The country is promoting low-cost treatment combined with resort recovery, though it still lags behind global leaders like Turkey and India.
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What the Iran War Means for Egypt’s Economy ?
Egypt’s economic growth is expected to slow to 4.9–5.1% this fiscal year due to ongoing regional tensions and global market disruptions.
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Türkiye, Egypt, Pakistan and Saudi Arabia discuss Hormuz reopening proposals
Talks focused on proposals to reopen the Strait of Hormuz, including a possible management consortium and Suez Canal-style fee structures.