News
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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.
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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.