News
-
PM says state provides many advantages, incentives for foreign, local investors
CNCEC looks forward to providing the best products in the Egyptian market, as it is a promising market.
-
Egypt’s IT Market to Reach $9.2 Billion by 2031
Fitch forecasts Egypt's IT market to triple from $3.5B to $9.2B by 2031, driven by digital infrastructure and 600K IT professional training.
-
Egypt primary surplus reaches 3.6% as debt indicators improve
Egypt achieves the highest-ever primary budget surplus of 3.6% of GDP in FY24/25, signaling improved fiscal health and debt indicators.
-
Egypt targets 4.5% growth under FY25/26 economic plan
Egypt targets 4.5% GDP growth in the FY25/26 economic plan with EGP 3.5 trillion in total investments under the new development strategy.
-
EGP 45 bln spent on supporting economic, productive, industrial activities
Egypt's Finance Minister reports EGP 45B disbursed in last fiscal year to support economic, productive, industrial, and export activities.
-
Egypt’s Trade Deficit Widens 23.4% to $4.4 Billion
Egypt's trade deficit widens 23.4% to $4.4B in June as imports surge 14.4% while exports grow only 4.7%, highlighting trade imbalances.
-
Egyptian ready-made garment exports jump 26% in 2025
Egypt's garment exports surge 26% to $1.939B in the first 7 months of 2025, signaling a new phase of broader sector expansion.
-
Economic expert reveals impact of Central Bank of Egypt’s recent decision
Economic expert analyzes the CBE rate cut's impact on CDs and dollar stability, explaining that inflation control doesn't mean price declines.
-
Valu unveils All-New Shop’IT experience to streamline digital transactions
Egypt's Valu launches a new Shop'IT platform to streamline digital transactions with a premium shopping experience and a cashback rewards system.
-
Lebanese Prime Minister visits Egypt’s Grand Egyptian Museum
Lebanese PM Nawaf Salam visits Egypt's Grand Egyptian Museum with an official delegation, praising cultural exhibitions and preservation efforts.
-
Cabinet approves procedures for old rent tenants to obtain housing units
Egypt's Cabinet approves procedures for old rent tenants to obtain housing units, with strict enforcement against usage violations.
-
Central Bank of Egypt Cuts Interest Rates by 2% as Inflation Slows
The Central Bank of Egypt cuts interest rates by 2% to 22% as inflation slows to 13.9%, the first reduction since March 2024 supporting growth.
-
Egypt’s dollar resources hit record high of $8.5 billion
Egypt's dollar resources hit a record $8.5B in July, with remittances at $3.6B and foreign reserves reaching $49B amid economic recovery.
-
Chinese president reaffirms support for expanded investment in Egypt
Chinese President Xi pledges expanded investment in Egypt's renewable energy and EVs, with $17B trade volume and 3,050 Chinese companies.
-
Egypt’s new plan projects GDP at LE 20.4 TN, investments at LE 3.5 TN
Egypt's 2025/26 development plan targets a GDP of LE 20.4 trillion with LE 3.5 trillion in investments as the new fiscal year begins.
-
Egypt signs $340 million oil, gas deals with global firms
Egypt signs $340M oil/gas exploration deals with Shell ($120M) and Eni ($100M) in the Mediterranean and Nile Delta to boost declining production.
-
Egypt Tourism Sector Hits a Remarkable Milestone, Surpassing Twelve dollars and fifty cents Billion in Revenue
Egypt's tourism revenue surges 14.7% to $12.5B in 2024/25, targeting 30M visitors by 2028 with EGP 50B infrastructure investment.
-
Turkish UAVs manufacturer HAVELSAN aims for African market with Egypt deal
Turkish UAV manufacturer HAVELSAN partners with Egypt's AOI for joint production of autonomous drones, targeting African market expansion.
-
Four EU countries and Egypt make up top five US LNG importers
Egypt ranks among the top 5 US LNG importers alongside 4 EU countries, as Europe uses American gas to replace Russian supply amid trade shifts.
-
ÈLM Developments launches its first project “ÈLM Tree” offering green views and competitive prices in West Cairo
ÈLM Developments launches the EGP 10B "ÈLM Tree" project in 6th October City, offering a green residential community in West Cairo.