News
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Gypto Pharma and Dua Pharmaceuticals Forge Strategic Alliance to Advance Egypt’s Global Pharma Ambitions
The collaboration is designed to strengthen local manufacturing capabilities and help Gypto Pharma obtain accreditation from FDA.
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Cairo Opera House screens Seeking Haven for Mr. Rambo for free
The film follows Hassan and his dog, Rambo, who embark on a mission to find a safe place for Rambo after he attacks Karem.
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Egypt’s Private Sector Investments Surge by Nearly 80 Percent Amid Economic Reforms
This is the highest rate seen in years, as a result of recent government reforms aimed at fostering competitive neutrality.
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MSMEDA injects $51mln to finance 130,000 SMEs in Fayoum
The meeting also witnessed the signing of two new contracts to finance microenterprises in Fayoum.
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Trump says US ships should be allowed to travel through the Suez canal for free
Egyptian MPs have described the statements as 'bullying'.
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Egypt expects 6% rise in international tourist arrivals this year
Egypt may revise its annual forecast upwards later in the year, as the first three months of 2025 showed a 25 per cent annual increase.
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What is the highest return on CDs in Egypt?
The CBE announced a reduction in the interest rate on deposits to 25 percent and on loans to 26 percent.
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Egypt’s Budget Deficit Falls to 5.1 Percent of GDP Amid Strong Revenue Growth
The Ministry reported that the deficit reached LE 879.3 billion, equivalent to 5.1 percent of GDP, down from LE 898 billion, or 6.5 percent of GDP.
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El-Sisi stresses businessmen role in boosting Egypt-Kuwait cooperation
More than 25 percent of the Kuwait Fund for Development’s projects are located in Egypt.
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Egypt–Italy Trade Ties Strengthened; Exchange Surpasses $6 Billion
Italy was identified as Egypt’s largest European trade partner, and this figure marked a notable rise from the $5.9 billion recorded in 2014.
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Suez Canal economic zone with China brings in $3 billion
Egypt was one of the initial founders of the Bandung conference in 1955.
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Egypt's Agricultural Revival Focuses On Cotton And Flax
Egypt has recently witnessed a surge in agricultural initiatives aimed at achieving self-sufficiency in various crops.
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Document shows that Egypt purchases 466,266 tonnes of wheat from local farmers
Wheat has been reported to be less profitable as compared to crops such as beet. The area of this crop increased from 500,000 feddans up 700,000.
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Egypt to auction $950 million in one-year dollar T-bills
The bills will replace $997.6 million in maturing dollar treasury bills that carried an average weighted yield of 5.149%.
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Egypt Selected as Headquarters for African Space Agency
Egypt inaugurates the African Space Agency HQ, boosting its leadership in the continent’s space and tech sectors.
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Government to issue EGP 2.175trn in local debt instruments in Q4 of FY25
Egypt to issue EGP 2.175T in local debt in Q4 FY25 to refinance maturing obligations and finance the budget deficit.
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Reuters poll reveals regional economists’ predictions for Egyptian economic growth
A Reuters poll projects Egypt’s GDP growth at 3.8% for FY24/25, slightly down due to global and regional pressures.
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State keen to achieve economic growth based on investments, industry localization
Egypt’s strategy focuses on boosting economic growth via investment stimulation and industry localization.
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UAE’s NAS inches closer to becoming the majority shareholder of Egyfert
UAE’s NAS to acquire up to 90% of Egyfert, strengthening foreign investment in Egypt’s fertilizer exports.
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Morocco, Egypt Strengthen Economic Ties with Upcoming Cairo Business Mission
Morocco and Egypt to foster trade and investment ties through a Cairo business mission from May 3–5, 2025.