News
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Sylndr raises $15.7m to digitise Egypt’s used-car sector
Sylndr operates a fully digital marketplace that connects car buyers and sellers with services such as vehicle financing and maintenance.
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Egypt mobile operators invest $2.7 bln in 5G rollout
Egypt’s four mobile network operators have invested $2.7 billion in 5G spectrum and licenses since 2019.
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Misr Phosphate Net Sales Reach EGP 7.9B in 2024
Abdel Azim noted that the company is carrying out numerous production and marketing operations to achieve its main targets.
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Japanese car parts giant Sumitomo opens new €22 mln plant in Egypt
Prime Minister Mostafa Madbouly inaugurated a €22 million factory for car wiring systems in 10th of Ramadan City.
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EU looks to give €4bn in aid to Egypt
The EU and Cairo in March 2024 signed a “strategic partnership” which included financial assistance of five billion euros.
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Arab Investments in Egypt Surge Fivefold to USD 41.5 Billion in 2024
The UAE accounted for the lion’s share at USD 38.9 billion, which is largely attributed to the Ras El Hekma megaproject.
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Egypt launches plan to develop submerged antiquities into underwater tourism destination
The prime minister emphasised that Egypt’s submerged heritage in Abu Qir Bay offers untapped potential to attract global attention and tourism.
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El-Sisi directs improving conditions for attracting more FDI
The meeting addressed macroeconomic indicators, the government’s efforts to enhance the banking sector's performance.
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NTRA launches new rules to regulate telemarketers and spam calls
The updates are part of broader efforts to protect the privacy of telecommunications users and to tackle persistent disturbances.
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Egypt is among world leaders in cybersecurity
Egypt improved its position in the Network Readiness Index, rising six points to rank 85th in 2024.
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Egypt’s Thndr raises $15.7 million
Thndr is a digital investment platform that allows its users to invest in stocks, bonds, and funds in the Middle East.
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Used beverage cartons recycling in Egypt
In 2024, Tetra Pak and Uniboard inaugurated the first UBC recycling production line in Egypt, with a joint investment €2.5 million aimed at recycling
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Egypt's SCZone, China's GS Global Sourcing to establish $15 mn garment factory
The new factory, spanning 27,000 square metres, will create approximately 2,000 direct job opportunities.
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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.
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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%.
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MaxAB-Wasoko deepens Egypt footprint with Fatura acquisition
Fatura’s marketplace is expected to contribute 25% of MaxAB’s Egypt revenue by year end.
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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.
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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.
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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.
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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.