News
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Egypt car prices jump again as currency pressures, regional tensions shake stability
Egypt’s car market has entered a new phase of instability, with the return of unofficial markups (overpricing) and fresh price increases.
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Egypt offers low-cost financing to SMEs joining simplified tax system
The finance minister announces subsidized loans for first 100,000 SMEs adopting the simplified tax regime, driving formalization.
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Egypt to clear $1.3 billion oil debt by June
The Petroleum Ministry pledges to clear the entire $1.3B in arrears owed to oil/gas partners by end-June, restoring investor confidence.
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Egypt, Saudi Arabia to launch land-sea bridge for Gulf trade
Egypt and Saudi Arabia plan an integrated land-sea trade corridor linking Gulf markets through enhanced logistics infrastructure.
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Egypt to build 5.62 GW of green energy and storage capacity
Egypt advances 5.62 GW of renewable energy and battery storage projects supporting clean transition and grid stability goals.
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Hassan Allam awards contracts for Egypt hybrid solar project
Hassan Allam and Nefer inked major solar-plus-battery storage contracts for the 2,585 MW Benban expansion in Aswan.
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European Commission allocates $9.1mln in aid to Egypt
The EU grants Egypt a €91M aid package supporting economic resilience and development amid regional crisis pressures.
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Egyptian citrus fruits dominate global exports with record-breaking 2M tons
Egypt's citrus exports hit a record 2M tons, dominating global markets with quality oranges, mandarins, and lemons.
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Egypt Launches Free 5G/6G Open RAN Training to Boost Telecom Talent
Egypt offers free 5G/6G and Open RAN training, developing local telecom engineering talent for next-generation networks.
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Egypt car prices jump again as currency pressures, regional tensions shake stability
The car market faces renewed markups and price hikes driven by regional conflict, currency weakness, and shipping cost surges.
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Truecaller & Cloudcom Launch Business Chat for Egyptian Businesses
Truecaller partners with Cloudcom rolling out verified business messaging platform for Egyptian enterprise customer engagement.
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Egypt issues joint statement reaffirming ties with GCC, Arab countries
Egypt releases diplomatic statement reinforcing strategic partnerships with the Gulf Cooperation Council and Arab nations.
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Major discovery at Athribis: uncovering 13,000 ancient ostraca
The ostraca, fragments of ancient pottery, served as economical writing surfaces for various purposes.
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From Cairo to the Red Sea: where to go out This Eid 2026
From Somabay beach parties to Cairo comedy shows here’s where to go out across Egypt this Eid.
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Egypt Plans to Launch Startup Investment Funds
Egypt and IFC plan startup investment funds with professional governance to ensure sustainable financing and long-term venture success.
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Egypt signs PPAs for 5,620 MW renewable energy, storage projects
The first agreement grants land use rights for a 900 MW wind power project in Ras Shukeir.
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Egyptian engineering firms tap safety stocks as aluminum prices soar
Manufacturers face a turning point as low-cost aluminum inventories run dry, forcing them to purchase at new prices.
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Vodafone Egypt, Taptap Send partner to enable remittances via mobile wallets
Vodafone Egypt has signed an agreement with international money transfer application Taptap Send to enable remittances from more than 30 countries.
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Downstream industries push back as Egypt considers three-year extension for steel and billet anti-dumping duties
Currently, 26 steel plants face billet shortages, with only six noting sufficient feedstock input.
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Egypt orders early shop closures, weighs partial remote work to curb energy use
The measures aim to reduce energy consumption, Madbouly said, amid the ongoing military escalation in the region.