News
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Greening the desert: is Sisi’s grand plan using up all of Egypt’s water?
The ‘Future of Egypt’ envisages turning tracts of desert into farmland to grow crops for export.
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Egypt overall debt declines to 89% of GDP in FY2023/2024
Egypt’s overall debt declined by the end of FY2023/2024, which ended on 30 June 2024, to 89 percent of the GDP, down from 95.7 percent.
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Here’s why Egypt’s electricity prices are rising
One reason is the increasing rates of loss in electricity owning to rising electricity theft.
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EGPC, Shell, Petronas Sign $222 Million Agreement for West Delta Development
This comes with a total investment of $222 million, and a commitment to drill three wells to produce natural gas and establish marine facilities.
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Egypt considers purchasing floating regasification unit with Jordan
Egypt is considering a partnership with Jordan to contract an international company to purchase a floating gasification unit.
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Initiative to install solar cells on rooftops at Alexandria Free Zone to be launched soon
A number of mechanisms have already been adopted by some investors to reduce emissions and boost the recycling of minerals and water.
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Is the Coronavirus back in Egypt?
Hosni said that viruses and bacteria are present in the air in general and have nothing to do with the coronavirus.
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Egypt Signs Landmark $120 Million Agreement with Cheiron
The agreement is sealed between EGPC; Cheiron Energy and KUFPEC to pump new investments for boosting development operations.
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Popularity of Chinese-made EVs grows rapidly in Egypt
The Egyptian market is witnessing remarkable growth in the number of electric cars, with many Chinese-made EVs traveling on Egyptian roads.
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Yemen’s Houthis announce resumption of direct flights with Egypt
The move marks the first direct flights from Sanaa to Cairo and Mumbai since the conflict in Yemen began nearly ten years ago.
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Finance minister discusses economic reforms with IMF
Minister of Finance Ahmed Kouchouk discussed in a meeting with the International Monetary Fund (IMF) Managing Director Kristalina Georgieva.
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Minister of Investment inspects factories implementing sustainable processes in Alex
The Alexandria Free Zone hosts 417 projects, making it Egypt's largest and most export-orientated free zone.
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PetroleumMin follows up on implementation of phosphate fertilizer factory in Ain Sokhna
This project, valued between $400 and $500 million, aims to fortify Egypt's industrial landscape.
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Egypt's automotive market to be digitized
Founded by Engineer Amr Allam, Biddex aims to digitize the entire car buying and selling process.
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GUPCO to invest $226 mln in drilling 5 petroleum wells in Egypt
The Gulf of Suez Petroleum Company (GUPCO) will drill five new developmental petroleum wells in the North Safa and Al-Wasl fields.
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Egypt raises domestic fuel prices by up to 15% before IMF review
Diesel, one of the most commonly used fuels, saw the biggest increase, rising to 11.50 Egyptian pounds ($0.24) from 10 pounds.
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EgyptAir resumes direct flights between Cairo, Lisbon
On 23 July the first direct flight between Cairo and Lisbon operated by EgyptAir since 2011 was received.
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Egypt central bank to begin cutting interest rates in September
Egypt’s growth indicators are ticking up, the currency is stable, and external finances are correcting sharply, time for an interest rate cut.
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Egyptian unicorn MNT-Halan acquires Tam Finans to expand into Türkiye
Egypt's largest non-bank financial institution and fintech company, MNT-Halan, has acquired Tam Finans, marking its expansion into Türkiye.
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Interior ministry old HQ to become a boutique hotel
Marriott International signed an agreement with Reliance Ventures to construct a new Moxy Hotel in Downtown Cairo by repurposing MOI HQ.