News
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Wadi El Rayan one of most attractive ecotourism sites
Environment Minister calls the Wadi El Rayan waterfalls unique nationwide, promoting ecotourism with a private sector integration plan.
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Egypt secures 9th global spot leads Africa in attracting foreign investments
Egypt ranks 9th globally, 1st in Africa for foreign investment with $46.1B net inflows in FY23/24, leading investment destinations.
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Egypt, Cyprus to accelerate gas field link, aim for exports to Europe
Egypt and Cyprus accelerate the Kronos gas field link to Egyptian infrastructure, targeting European gas exports by 2027 as a regional hub.
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EFG Hermes raises TMG share price target to EGP 130
EFG Hermes raises TMG share price target to EGP 130, citing EGP 3.9T development portfolio and expansion into Iraq and Oman markets.
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Egypt’s Tourism Industry Poised For Growth As Grand Egyptian Museum Opens In November
Grand Egyptian Museum opens November 2025, world's largest archaeological museum with 5M+ annual visitors expected and complete Tutankhamun collection
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Egypts slams Israeli threats as gas agreement hangs in the balance
Egypt slams Israeli threats over gas agreement suspension, with an Egyptian official saying Israel needs the deal more; Egypt has alternatives.
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FRA approves Madinet Masr’s SAFE Real Estate Fund establishment
FRA approves Madinet Masr's SAFE Real Estate Fund establishment, developed by Minka Development for secure fixed earnings assets.
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Egypt achieves full self-sufficiency in medicines for chronic diseases
Egypt achieves 100% self-sufficiency in chronic disease medicines, with domestic production meeting 91.5% of total pharmaceutical demand.
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Basata unveils $7mln investment plans, mulls expansion in Gulf markets
Basata unveils $7M investment plans with Gulf market expansion and potential acquisitions; final decisions expected by end-2025.
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Egypt, Bahrain strengthen economic ties at Business Forum in Cairo
The Egypt-Bahrain Business Forum launches in Cairo with Trade Minister inaugurating the event to deepen bilateral economic cooperation ties.
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Egypt second in Africa and Arab World in global tourism ranking
Egypt ranks 24th globally, 2nd in Arab world and Africa for tourism destinations in 2025 based on 295K worldwide participants.
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Egypt’s Intella raises $12.5 Million to grow Arabic AI capabilities
Intella develops voice-enabled AI systems tailored to Arabic dialects, offering solutions such as speech-to-text transcription.
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Egypt cracks down on soaring cement prices
Egypt is taking steps to stabilize the cement market by boosting production, limiting exports, and enforcing transparent pricing.
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Air Cairo Introduces its New Sharm El-Sheikh to Sochi Route
This move marks a pivotal step in enhancing tourism between the two countries, particularly for Russian tourists seeking to visit Egypt’s Red Sea.
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Financial inclusion rises to 76.3% in Egypt as of June 2025
76.3 percent of Egyptians aged 15 and above owning and using active financial accounts as of June 2025, up from 74.8 percent in December 2024.
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From Sohag to the World: Egypt’s Center of Textiles and Art
In Sohag, nature is not the neatly trimmed trees that city dwellers know. It is not organized into tidy lines or curated like an exhibition.
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Chinese firm's $8 mln deal pushes Egypt’s Qantara zone investments past $1 bln
A new $8 million investment by Chinese company ShuaNFENG has pushed total investments in the Qantara West industrial zone.
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Egypt plans to increase renewable share in its power mix to 20% by 2026
To enhance its regional role as an energy hub, the country aims to increase the its interconnection networks to 3.9 GW (currently at 780 MW).
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Egypt hosts historic G20 meeting on food security
The meeting gave Egypt an opportunity to put the famine in Gaza and the fragility of the global food system at the center of the discussion.
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Egypt non-oil private sector shrinks again in August: S&P
Egypt’s non-oil private sector economy saw another modest contraction in August, as weak demand weighed on activity.