News
-
Egypt achieves 3.9% growth in first half of fiscal year
Central Bank of Egypt expects the annual inflation rate to slow down during 2025 and 2026.
-
Egypt's central bank expected to cut rates by 175 bps
The median forecast of 16 analysts was for the central bank to cut the deposit rate to 23.25% and the lending rate to 24.25%.
-
MaxAB-Wasoko deepens Egypt footprint with Fatura acquisition
Fatura’s marketplace is expected to contribute 25% of MaxAB’s Egypt revenue by year end.
-
Morocco Plans to Export 3,000 Vehicles to Egypt Per Year
Morocco and Egypt held earlier this month a significant Egypt-Morocco Investment and Trade Forum in Cairo in efforts to balance commerce.
-
MSMEDA & AAIB Sign EGP 150M Deal to Boost MSME Lending in Egypt
AAIB will offer loans up to EGP 30 million for existing and new businesses under MSMEDA’s national strategy.
-
Egypt and Qatar strengthen energy ties amid growing gas deficit
The Egyptian government seeks to secure long-term supplies through Qatari imports and new partnerships to explore strategic fields.
-
Egypt eyes $7bn in engineering exports by 2025-end
Egypt targets $7B in engineering exports by year-end, with Q1 up 12% YoY, driven by high-quality manufacturing and market expansion.
-
Egypt Turns to Oil for Power Generation Due to High Gas Prices
Egypt shifts to oil-based power due to high gas prices, raising concerns over costs, emissions, and long-term energy strategy.
-
SAIB Bank delivers strong Q1 2025 results with EGP 51bn in local currency loans
SAIB Bank sees 17% loan growth and EGP 390M in Q1 profits, fueled by retail, SME, and corporate lending.
-
Egypt, AngloGold Ashanti to explore expansion plans in the mining sector.
AngloGold Ashanti eyes expansion in Egypt’s mining sector with government backing, focusing on the Sukari mine.
-
Egypt’s Unemployment Drops to 6.3 Percent in Q1 2025 Amid Labor Market Shifts
Egypt’s jobless rate falls to 6.3%, adding 342K jobs; youth and female unemployment remain disproportionately high.
-
PM Madbouly inspects BRT project during trial phase ahead of public launch
Egypt’s 35-km BRT project enters final testing, aiming to ease Cairo congestion and cut emissions with electric buses.
-
Ebny Real Estate Development Unveils Upper Egypt’s Premier and Most Extensive International Entertainment Hub
Ebny Land debuts in Upper Egypt with 100+ attractions across 63,000 sqm to boost tourism and regional job creation.
-
LMD fast-tracks W Cairo construction, Egypt’s first W Hotel, by the end of 2025
LMD invests over $220M in Egypt’s first W Hotel in West Cairo, with completion expected by late 2025.
-
Japanese Education Minister visits Egypt to strengthen ties with Africa ahead of TICAD9
Japan’s education minister visits Egypt to grow E-JUST and EJ-KOSEN, linking technical education with African development goals.
-
BASF appoints Youssef Babouih as Country Manager for Agricultural Solutions in Egypt and the Middle East
BASF names Babouih to lead agricultural solutions in Egypt and MENA, focusing on sustainable crop tech and innovation.
-
Egypt expands Sukari Gold Mine operations as part of national mining strategy
The Cabinet’s Media Center described the Sukari Gold Mine as one of the largest gold mines in the world.
-
AlexFert, United Energy seal deal for green ammonia production project
UEG and AlexFert partner to build a green ammonia plant in Alexandria using renewable energy and hydrogen, supporting Egypt’s clean energy ambitions.
-
Egypt to host IOSCO’s 2026 annual conference for first time
FRA has secured the bid to host the 51st Annual Conference of the International Organization of Securities Commissions (IOSCO) in 2026.
-
Egypt developing sustainable strategies for African investment, trade integration
Egypt unveils a unified licensing platform and policy reforms to enhance intra-African trade and investment as part of a sustainable growth strategy.