News
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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.
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China’s J-10C “Losing” To FA-50 Fighters For Egypt Deal?
Egypt nears a deal for 100 FA-50 aircraft with tech transfer and local assembly, boosting defense manufacturing.
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Real estate developers urge financial support, regulatory reforms, and global promotion to drive growth
Developers call for mortgage law reforms, financial incentives, and global promotion to strengthen real estate growth.
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FABMISR expands its network with a new branch at Al Ahly Club in New Cairo
FABMISR expands its footprint in New Cairo, strengthening ties with top sports institutions and new market segments.
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Egypt identifies chia, amaranth and quinoa as oilseed alternatives to enhance domestic production
Egypt studies chia, amaranth, and quinoa as non-traditional oilseeds to reduce reliance on edible oil imports.
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Egypt’s Private Sector Investments Surge by Nearly 80 Percent Amid Economic Reforms
Kouchouk revealed that ten major projects are scheduled to be activated this year.
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Egypt comes second in Africa with highest GDP in 2025
Egypt ranks second in Africa’s GDP standings for 2025 with $347.34B, following South Africa’s $410.34B.
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Customer deposits at banks climb to EGP 13.599trn in December 2024
Egypt’s bank deposits hit EGP 13.599 trillion by December 2024, reflecting strong public savings and banking sector stability.
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What is the highest return on CDs in Egypt?
After a 225 bps rate cut, top CD returns now sit at 25.25% and 24.75% at Egypt’s major banks, impacting investment options.
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Egypt-Italy trade exchange hit $ 6 billion in 2024
Bilateral trade between Egypt and Italy reached $6 billion in 2024, highlighting strong economic ties and mutual investment opportunities.
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Platformance launches regional hub in Cairo
Platformance opens a Cairo hub to strengthen local digital business solutions across the MENA region.
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Hilton Expands in Egypt: New Luxury Hotels to Open in Cairo’s New Administrative Capital, Offering Premium Accommodation
Hilton partners with Panax to open two new luxury hotels in Cairo’s NAC by 2028, enhancing premium business travel options.
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Egypt Launches First Domestically-Built Tugs for Suez Canal
Egypt introduces two home-built tugboats for the Suez Canal, boosting shipbuilding capabilities and maritime logistics.
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IATA applauds Egypt’s growing role in global aviation
IATA recognizes Egypt’s proactive leadership in aviation, enhancing its role in shaping future global air transport trends.
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Inside the Grand Egyptian Museum: A First Look at the World’s Largest Museum Dedicated to a Single Civilisation
Opening July 3, 2025, the Grand Egyptian Museum will house 100,000+ artifacts, boosting cultural tourism.
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B.Laban announces imminent reopening of all branches and factories in Egypt
B. Laban reopens 110 branches and restores 25,000 jobs after closures, reviving food sector operations under health guidelines.
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Egypt extends free transit visa program
Egypt has extended its transit visa program, which allows holders to stay in the country for 96 hours.
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Egypt to switch to summertime on Friday, 25 April
Under the 2023 law reinstating summertime, DST will be observed every year from the last Friday in April to the last Thursday in October.
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Grand Egyptian Museum closed from June 15-July 5 in preparations for grand opening
There are preparations at the highest level, starting from airports, hotels, and roads, all the way to the celebration venue.