News
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Ethiopia has finished building mega-dam on Nile
Ethiopia finishes Africa’s largest hydroelectric dam on the Nile, calling it a shared opportunity despite Egypt and Sudan’s water supply concerns.
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Kouchouk affirms Egypt’s commitment to supporting Africa’s sustainable development financing
Egypt pledges stronger African cooperation and inclusive financing tools to drive green, digital, and sustainable development across the continent.
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Oldest ancient Egyptian human genome reveals ties to Mesopotamia
In a first, researchers have sequenced the complete genome of a man from ancient Egypt, and the results reveal that he had ties with Mesopotamia.
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Eastern Company to cap cigarette price at EGP 45
Eastern Company CEO Hany Aman announced that cigarette prices will be capped at EGP 45 per pack starting Tuesday following recent tax bracket changes.
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Egypt-Germany economic portfolio reaches $1.8bln
The two officials touched upon the financial cooperation agreement signed between Egypt and Germany in 2022, at a value of €118 million.
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Turkish denim manufacturer makes $20M investment in Egypt
Turkish textile company Şirikçioğlu Grubu is making a $20 million investment in Egypt’s Suez Canal Economic Zone (SCZone).
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Foreign investors rush to take advantage of Egypt’s renewables boom
The country and its north African neighbours are poised to become increasingly important energy suppliers to Europe.
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Egypt confirms acquisition of Chinese HQ-9B long-range air defence system
Egypt’s decision to acquire the HQ-9B stems from a combination of strategic, economic, and political factors.
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Gulf of Suez Wind Farm II now fully operational in Egypt
The 650-MW Gulf of Suez Wind Farm II in Egypt has been completed and has begun full commercial operation.
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Egypt’s textile exports jump to $493mln in 5 months
Hani Salam, Chairman of Textile Export Council, highlighted that the registered value accounts for 38% of the current year's target of $1.25 billion.
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El Sewedy Capital Signs MoU for Phosphate Exploration in El-Sebaeya Mines
After the signing, Badawi affirmed that the Egyptian mining sector is an important promising pillar of the national economy.
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Egypt on its way to digitally empowered future: IBM’s Lula Mohanty
Egypt’s commitment to public sector modernization, AI adoption, and ecosystem collaboration is setting it apart.
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Egypt, China Sign Big Chemical Factory Deal
This is a historic move that will enable us to shift from exporting raw materials to launching an integrated industrial value chain
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Banque du Caire’s flagship equity fund surpasses $20 million mark
This performance ranks the fund among the largest in the Egyptian market in terms of size.
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Egypt set to become regional industrial hub across ME, Africa
Egypt is set to become a regional industrial hub, attracting top global manufacturers with incentives and golden licenses.
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Agiba Petroleum unveils Arcadia West discovery in Western Desert
Agiba Petroleum unveils Arcadia West oil discovery in Egypt's Western Desert, boosting national oil and gas output.
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Global companies have confidence in Egypt’s investment climate
Jumia opens a new logistics hub in Egypt, signaling global confidence in its investment climate and digital economy growth.
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Egypt exceeds growth forecasts with 4.77% quarterly expansion, fastest in 3 years
Egypt's economy sees strong 4.77% growth in Q3, fueled by manufacturing, tourism, and telecom, signaling robust recovery.
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Egypt Accelerates Privatization Plans for Hurghada Airport
Egypt accelerates privatization of Hurghada Airport, part of a plan to boost tourism and modernize 11 major airports via PPP.
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El-Khatib heads to Prague to participate in Egyptian-Czech Joint Economic Committee
Egypt's Tax Authority sets a deadline for dispute settlements, reporting 36% revenue growth from digitalization and incentives.