News
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Egypt becomes Germany’s top sweet potato supplier with US$20.8M in 2025 exports
Egypt has cemented its position as Germany’s leading sweet potato supplier, exporting 16,100 tons valued at over (US$20.78 million).
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CBE announces extended bank holiday for Eid al-Fitr 2026
The Central Bank of Egypt (CBE) and the Egyptian Cabinet have officially declared a five-day paid holiday in observance of Eid al-Fitr 2026.
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Egypt Deepens Ties with EBRD to Boost Productive Sectors, Economic Competitiveness
The minister met with an EBRD delegation led by Mark Davis to explore ways to deepen strategic cooperation and expand engagement.
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LVP Pharma becomes Rameda’s largest shareholder with 23.2% share
The firm acquired 223 mn shares — of which 220 mn belonged to Equinox Pharma Holding at an average price of roughly EGP 5.1 apiece.
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Egypt finalising debt financing for $193mln bio-ethanol project
In October 2025, EBIOL had secured a $135 million long-term financing package from a consortium of banks including National Bank of Egypt (NBE).
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A crisis in Egypt could be a warning sign for the global economy
A financial disruption in Egypt would reverberate not only across the Middle East and North Africa but potentially across global markets as well.
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Egypt to launch economic database to support private-sector growth
The Ministry of Industry is collecting data to create an economic database that will help private-sector businesses plan investments and expand.
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Egypt opens desalination plant operations to private sector in push for efficiency
The initiative will focus on plants with a daily production capacity of more than 10,000 cubic metres.
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Egypt’s garment exports rise 11% in January 2026
Export shipments reached $299m in January 2026, compared with $270m in the same month of 2025.
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Egypt food processing industry a key growth engine despite technology, investment gaps
Its value of around $30 billion, has strong export momentum, but significant gaps in infrastructure and technology limiting its potential.
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Qualiphi looks to scale its Egypt + Gulf footprint with Career Club acquisition
Qualiphi acquired Career Club from iCareer in a six-figure transaction to build the region’s first Arabic-first career services ecosystem.
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120,000 taxpayers voluntarily join simplified tax system: Finance Minister
Kouchouk praised the open dialogue with “ambitious investors” seeking to expand and grow.
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Fitch Solutions expect growth of construction sector in Egypt – IDSC
Over the medium term, the sector is expected to grow at an average annual rate of 6.3 percent between 2026 and 2035
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EU allocates €8 mln to Egypt as part of €450 mln Middle East aid package
The European Commission has allocated 8 million euros in humanitarian aid to Egypt for 2026 as part of a broader 450 million euro package.
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Industry Ministry pushes for 100k vehicles a year and 60% local content in an auto industry reboot
Proposed incentives include performance-based bonuses, extended support for EVs, and special rewards for companies that bring advanced tech.
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Cairo Is Building Africa’s Most Balanced Tech Ecosystem
Egypt ranked third in total funding in 2025, raising US$604 million, a 37% year-on-year increase. It ranked third in deal count too.
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Egypt close to producing world’s most advanced artillery systems
Egypt is close to producing one of the world’s most advanced and effective artillery systems – the 155mm/52 caliber K9A1EGY howitzer.
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Record wheat production expected in Egypt
The FAS said the greater output is due mainly to a projected increase in wheat harvested area to a record 1.5 million hectares.
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Egypt is emerging as a key gateway for trade flows
Red Sea ports are experiencing significant pressure amid a surge in sea-to-land transit routes.
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Egypt launches national biodiversity conservation strategy
The cradle of civilisation has Egyptian deserts with their natural resources and seas with the world’s second-largest coral reef.