News
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Egypt to modernise 30 culture palaces across country within year
According to Zaki, the modernisation aims to transform simple buildings into part of an integrated living environment system.
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CI Capital Holding posts EGP 10.2bn revenues, EGP 1.6bn net profit in 2025
The group’s on-balance sheet lending portfolio expanded by 28% year-on-year (y-o-y) to EGP 27.8bn.
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Egypt’s MG Developments launches VALO Hospitality with $40mln investment plan
New hospitality arm to develop and operate six hotels with over 600 rooms.
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Egypt Takes Centre Stage at ITB Berlin as Tourism Momentum Accelerates
The museum has reignited interest among markets that had plateaued, while also helping to attract younger and more culturally curious travellers.
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EBRD supports aluminium manufacturing in Egypt
This will fund the construction and installation of a new aluminum extrusion line at the subsidiary’s plant in the Polaris Industrial Zone.
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Sineng Electric supplies 249 MW to Benban Egypt
A 249 MW central inverter agreement was signed by Sineng Electric with Hassan Allam for the 1.65 GW Benban Solar Park in Egypt.
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Egypt will maintain flexible exchange rate, dollar reserves in good health: PM Madbouly
There is no foreign currency shortage and that the Central Bank of Egypt (CBE) is operating “with full flexibility” to provide dollars to the market
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Egypt offers Saudi oil transit via SUMED as Hormuz shipping halts
The SUMED pipeline runs from Ain Sokhna on the Red Sea to the Mediterranean coast west of Alexandria.
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Industry Minister launches structured dialogue with FEI to tackle sector challenges
The objective, he stressed, is to formulate swift and practical decisions that respond to industry needs and stimulate investment.
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EgyptAir offers penalty-free refunds for cancelled flights until March 15
EgyptAir has confirmed it will allow passengers affected by recent flight cancellations to refund their tickets without penalty.
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Tourism Minister: Tourist Inflows Remain Stable Despite Geopolitical Tensions
Attendees confirmed that tourist arrivals to Egypt from various global markets remain stable.
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Egypt’s new plan to boost pharma and textile exports
Egypt has launched a high-priority government initiative to transform its pharmaceutical and apparel sectors into global export powerhouses.
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Norway’s Scatec eyes renewable energy, desalination investments in Egypt
Scatec also intends to expand in the infrastructure in the energy sector, along with studies and proposals for new desalination projects, Amer noted.
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Egyptian pound weakens past EGP 49 against USD for 1st time in 9 months
The Egyptian pound weakened past EGP 49 against the US dollar for the first time in nine months on Monday, driven by regional tensions.
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Egypt Pilots App to Book Appointments for Overseas Work Contract Notarization
The Ministry of Labour launched a pilot digital platform to manage appointments for overseas work contract notarization and interviews.
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Egypt unveils new oil contracts to boost production
he strategy also focuses on using non-traditional drilling methods and the latest production technologies.
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Agriculture Ministry licenses 916 livestock, poultry projects in February
EGP 297.36m in disbursements was approved for 425 beneficiaries to raise and fatten 4,251 head of cattle under the National Veal Project.
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Egypt net foreign assets climb to record $29.5 bln in January
Egypt's net foreign assets rose by $4.02 billion in January to an all-time high of $29.54 billion, central bank data showed on Monday.
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Egypt announces measures to secure supplies after Israeli gas halt
This comes at a time when Israel announced a halt to gas exports to Egypt, following the ramifications of the joint Israeli-American strike on Iran.
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Iran war spells trouble for Suez Canal, warns Egypt’s al-Sisi
Egyptian President Abdel Fattah al-Sisi has warned a prolonged war in the Middle East threatens the Suez Canal, the country’s key economic lifeline.