News
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18% increase in Egyptian exports to Arab countries in 2024
Egypt’s exports to Arab nations hit $16.2B in 2024, driven by demand from Saudi Arabia and the UAE across key product categories.
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Egypt courts Turkiye and Greece amid regional tensions
Egypt strengthens ties with Türkiye and Greece through energy and investment talks, eyeing regional stability and economic integration.
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Egypt set to host Sun City, Russia’s unprecedented industrial hub
Egypt and Russia explore cooperation in nuclear energy, tourism, and Suez-based industrial zones amid rising regional tensions.
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Egypt's Oriental Weavers launches new polyester yarn dyeing unit
Oriental Weavers opens a new polyester yarn dyeing facility in 10th of Ramadan City to enhance production efficiency and sustainability.
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Eased tariffs, geopolitical risks fuel Egypt’s gold export boom
Gold exports soar as reduced tariffs and calmer geopolitical tensions boost demand and market flexibility.
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Al-Sisi pushes for accelerated health, education reforms, AI integration
Al-Sisi directs rapid health and education infrastructure upgrades with AI integration to modernize Egypt’s human capital strategy.
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Where grief is staged in marble: Alexandria’s Greek Cemetery
In Alexandria’s Greek Cemetery, pietàs weep, angels hush, and marble lovers embrace in an open-air museum of mourning.
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Egypt looks to China for cash injection to lift textiles industry
Egypt’s textiles sector is a core component of its economy and a major hard currency earner.
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Russia and Egypt discuss construction of LNG terminals for Cairo
Russian Industry and Trade Minister Anton Alikhanov was cited by state news agencies as saying on Wednesday.
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Egypt’s exports surge by 24% in February amid trade shifts
The surge comes amid other economic indicators improving, highlighting the country’s developing financial landscape.
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Morocco Eyes Major Export Boost to Egypt, Targets $500 Million by 2027
The ambitious goal comes after a high-stakes trade mission and signals a new phase in economic ties between the two North African nations.
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Egypt’s Suez Canal offers 15% discount for big container ships to win back trade
The discounts will be applied for 90 days from Thursday on container ships that meet the standards, whether full or empty.
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Telecom Egypt Reports 42% Revenue Surge in Q1 2025
Telecom Egypt's Q1 2025 results show 42% revenue growth, 49% EBITDA rise, and 39% net profit increase, driven by Retail.
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SITA backs Egypt’s aviation future with new Cairo tech hub
SITA, the global IT provider for the air transport industry, has inaugurated its first Command Center in the Middle East and Africa.
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Food firm opened plant in Egypt to cater to Brazil
Egyptian company Delta Brothers makes its third appearance at the APAS Show fair that is taking place this week in São Paulo.
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Egypt, IMF discuss reform progress in fifth review of $8 bln loan programme
Al-Mashat highlighted the European Union’s (EU) €4 billion macroeconomic and budget support package, now entering its second phase.
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Egypt and AfDB sign deal to expand Abu Rawash Water Treatment Plant
This phase will increase the plant’s treatment capacity from 1.6 million to 2 million cubic meters per day.
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Suez Canal mulls 15% discount on transit fees
Rabie anticipates the decision to be formally announced in the coming days following Egyptian President Abdel Fattah al-Sisi’s approval.
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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.