News
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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.
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Egypt incurs $10bn in Suez Canal losses since 2020
Egypt has suffered about $10 billion in cumulative losses from global and regional crises affecting the Suez Canal since 2020.
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Egypt backs advanced technology, export facilitation to boost pharmaceutical industry
The ministry will also study the adoption of effective mechanisms to facilitate export procedures in coordination with relevant ministries.
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Paradise Textiles Invests in Egypt
US$102 million integrated fabric facility will create jobs and advance responsible textile manufacturing.
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Encouraging signs from Sirius-1X exploration well offshore Egypt
The well, operated by Shell, has reached its target depth of 2,115 meters and represents the company’s first exploratory well drilled in Egypt in 2026
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Wheat prices in Egypt soar amid currency volatility, war disruptions
The cost of milling wheat has surged amid renewed pressure on the Egyptian pound, which has dropped to over 52.39 EGP to the dollar.
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Vaalco Drills Four Eastern Desert wells in Q4 2025
The company also continued interventions, workovers, and optimization activities throughout the fourth quarter of 2025 to enhance production levels.
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Helwan HA-300-The Supersonic Mirage of Egypt
The HA-300 was a lightweight supersonic interceptor designed by Willy Messerschmitt after World War II, first in Spain and later in Egypt.
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Salt trade seasoned with strong Egyptian flows
Global seaborne shipments of salt have started 2026 strongly, with rising exports from Egypt pushing cargo volumes to the highest levels seen in years
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US dollar shatters historic records across Egypt’s banking sector
Dollar hits all-time highs across Egyptian banks amid regional crisis and capital flight pressures on currency.