News
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Oriental Weavers enhances production capacity with new polyester yarn dyeing unit
With total investments of EGP 50 million, this unit aligns with the company’s ongoing efforts to improve production efficiency.
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Discussions on Old Rent Law remain open
Attia proposed that the minimum rent be set at LE 2,000 for low-income areas, LE 4,000 for middle-income areas, and LE 8,000 for upscale areas.
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25 Chinese textile companies explore partnership opportunities in Egypt
Minister of Public Business Sector Mohamed Shimy held talks with a high-level Chinese business delegation to explore partnership opportunities.
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Hurghada, Sharm El-Sheikh named top picks for global travelers in 2025
Egypt, already known for its heritage and coastal charm, is now seeing renewed momentum from travelers drawn to unique, purpose-led experiences.
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Egypt receives 25 rare artifacts through New York consulate
The collection consists of 25 rare artifacts dating back to various eras of ancient Egyptian civilization.
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Egypt inaugurates 2 major Chinese, Turkish industrial projects in Ain Sokna
PM Madbouly inaugurated the Chinese Xinxing ductile iron pipe factory, which includes $150 million in investments.
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Egyptians for Housing’s profits rise 121.6% YoY in Q1 2025
Operating revenues surged to EGP 54.616 million in the three months to March from EGP 44.589 million over the same period last year.
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PM follows up on initiative to convert cars to run on natural gas
This move is part of the state’s efforts to promote the use of clean and renewable energy sources and to meet critical environmental standards.
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Egypt to Boost LNG Import Capacity with New 10-Year Höegh Agreement
The new FSRU will replace the currently operating Höegh Galleon, Egypt’s only active LNG import terminal.
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Egypt in discussions with Qatar to secure long-term natural gas contracts
Egypt is discussing with Qatar the possibility of securing natural gas supplies from the Gulf nation through long-term contracts to meet its needs.
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Egypt’s Shezlong launches AI therapy assistant for mental healthcare
Founded in 2014, Shezlong helps patients connect with licensed therapists through online video calls online.
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Egyptian Remittances Hit Historic High of $32.6 Billion Following Currency Devaluation
In February 2025 alone, remittance inflows surpassed $3 billion for the second month in a row, more than doubling the $1.3 billion recorded in Feb2024
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EBRD provides $30 mln for Scatec’s Obelisk solar power project in Egypt
The European Bank for Reconstruction and Development (EBRD) has committed $30 million in equity bridge financing to Egypt’s Obelisk Solar Power.
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Most Gulf shares gain on US-China tariff deal; Egypt snaps losing streak
Saudi Arabia's benchmark stock index (.TASI), opens new tab rose 1.3%, the sharpest rise in a month with almost all sectors in the green.
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Egypt’s Nawy, the largest proptech in Africa, raises $52M to take on MENA
The round, which also includes $23 million in debt financing from Egypt’s top banks,.brings the total to $75 million,
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Is Egypt Turning from the U.S. to China?
A video from the popular stream platform Bilibili has brought the issue into mainstream discourse.
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EU reaffirms partnership with Egypt at Europe Day celebration in Cairo
This year’s Europe Day holds special historical significance, as it marks 80 years since the end of World War II, the deadliest conflict in history.
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El-Sisi commends outgoing AfDB president for advancing development across Africa
President El-Sisi also reaffirmed to Adesina Egypt’s ongoing support for the AfDB and commitment to cooperating with its next president.
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EBRD backs Egypt’s first solar and battery storage project
EBRD project falls under Egypt’s Nexus on Water, Food and Energy programme and is expected to reduce CO2 emissions by 1.3 million tonnes per year.
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Egypt Opens Tax-Free Free Zones for Export-Focused Startups
Egypt will now permit export-focused service startups to establish their headquarters within its free zones.