News
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EBRD invested record €1.3 bln in Egypt across 26 projects in 2025
Seventy percent of the EBRD’s investment in Egypt went to the private sector, while 60 percent was directed to green finance projects.
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Memphis Pharma studies $6.1mln machinery purchase, clarifies position on land plot
In the first half (H1) of fiscal year (FY) 2025/2026, Memphis Pharmaceutical achieved 5% year-on-year (YoY) higher net profits.
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Cairo Metro begins preparations for Ramadan
Operating hours will be extended by one hour daily on all three metro lines to facilitate travel for citizens during the holy month.
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IFC, UAE’s AD Ports Group partner to expand Egypt’s Safaga port
The investment will improve the handling efficiency of agricultural and food products, construction materials, industrial goods, and minerals.
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Turkish conglomerate Eczacıbaşı plan to invest in Egypt building materials industry
The company plans to invest in Egypt as a local manufacturing hub, producing goods under its name for export to Turkey, the EU and GCC.
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Cornex secures 11.5 GWh of orders from Saudi Arabia, Egypt
The Chinese manufacturer will supply 5.5 GWh of energy storage products to Saudi Arabia and another 6 GWh to Egypt, as it works to expand.
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Egypt to issue $2 billion in international bonds during 2025-2026 fiscal year
The second half of the year will also see the issuance of retail bonds to citizens, broadening the investor base and diversifying.
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IFC to invest $1.2bn in Egypt during FY2026
This brings IFC’s cumulative investment portfolio in Egypt to $6.5bn over the past seven years.
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Egypt vehicle sales jump 23% above 2025 average in December
Total vehicle sales for the full year reached 173,763 units in 2025, up 69.9 percent YoY from 102,249 units in 2024
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Octane launches 1st digital toll payment service for trucks in Egypt
Octane, a provider of digital payment solutions for transport fleets, has launched O-Tolls, a service that digitizes toll gate and weighbridge payment
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Aman exports Egyptian fintech expertise to Saudi with new JV
The move — which builds on plans that came to light in April — is a strategic play to export Egyptian fintech expertise to the GCC
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CIBF nears 6 million visitors, achieving unprecedented record
This edition, set to end on Tuesday, surpassed the previous record set by the fair, which stood at 5,547,970 visitors.
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Siemens Healthineers discusses new oncology centres, radiotherapy expansion in Upper Egypt
Egypt wants to focus on remote areas and Upper Egypt to ensure equitable access to advanced medical services and reduce the burden on patients.
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Egypt non-oil private sector expands for 3rd consecutive month
Business activity and stock purchases increased, which helped support the PMI, but this was offset by a decline in new orders and employment.
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Elsewedy Electric’s Iskraemeco pumps USD 20 mn into stopping Egypt’s water from going down the drain
The company is targeting a 40% market share by 2026 by expanding production lines for smart meters and Internet of Things (IoT) systems.
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El-Erian Warns of ‘Rational Bubble’ in AI Stocks
Intense competition will make it difficult for firms without diversified revenue streams to survive what he described as an emerging “AI war".
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Egypt, Sweden sign health cooperation MoU to enhance medical services
The MoU aims to support the development of health systems and improve the quality and efficiency of healthcare services provided to citizens.
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Warnings raised over sunken cargo ship in Port Said
Concerns have been raised regarding the presence of the sunken cargo ship FENER near the shores of the Port Said Governorate, which sank in January.
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EGX accelerates digital overhaul, eyes derivatives and short selling
The Bourse is accelerating its digital transformation and market development agenda to boost its operational efficiency and attract new investors.
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More Chinese players make a home out of SCZone
The Sokhna Industrial Zone with USD 156 mn-worth of new projects kicking off operations, the majority of which came from Chinese players.