News
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e& Egypt Launched Instant International Money Transfer Service
The cash wallet works with just one click. This process will not need to visit branches or intermediary companies.
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Cairo hosts Egyptian-French Business Forum
Egypt attracted $46.6 billion in foreign direct investment in 2024, a clear indication of growing international confidence in the Egyptian economy.
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Most Egyptian packing houses decide to suspend citrus packing
Profound changes are affecting the Egyptian citrus industry this season, culminating in the complete shutdown of fresh citrus packing,
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What Do Trump’s Tariffs Mean for Egypt?
Trump signed an executive order that introduced higher tariffs on countries accused by the U.S. of imposing greater taxes on American products.
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Egyptian inflation seen edging down to 12.6% in March
The median forecast of 14 analysts polled by Reuters was for annual urban consumer inflation to have slipped to 12.6% in March from 12.8% in February.
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French investments in Egypt exceed $7 bln during Macron visit
French investments in Egypt have exceeded $7 billion, making France one of the country’s key partners and creating over 50,000 jobs.
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How Egypt’s Coast Became a Remote Work Hotspot
In Egypt, coastal towns like Dahab and Hurghada have transformed into thriving remote work havens.
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Mastercard, PayTabs partner to enhance digital payment solutions for Egypt SMEs
According to the statement, it will also allow merchants to generate payment links quickly, reducing the time and effort required.
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Egypt’s Dabaa Nuclear Plant to Be World’s Largest by 2030
Rosatom’s Dabaa project will house four 1,200 MW reactors by 2030, Africa’s largest nuclear build, creating 40,000 jobs.
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Transport Ministry offers investment opportunities in 4 dry ports
Egypt’s Transport Ministry invites investors to develop four strategic dry ports—Sadat, Borg El Arab, Sohag, and Abu Simbel—streamlining logistics.
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Egypt, Seychelles expand health cooperation with focus on training, medical support
Egypt’s Health Minister and Seychelles’ FM agree on joint medical training, patient referrals and expert exchanges to bolster Seychelles’ healthcare.
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Egypt takes aim at overpopulation by building new cities
NZZ reports Egypt is launching satellite cities with modern infrastructure and developer incentives to relieve Cairo’s overcrowding.
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Housing Minister reviews progress of Marina 8, New Marina developments in North Coast
Egypt’s Housing Minister inspects Marina 8 flagship village (917 units) and New Marina lake projects, spotlighting coastal resort infrastructure.
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Recruitment of skilled workers - Kretschmer travels to Cairo
Saxony’s PM Kretschmer heads to Cairo to recruit Egyptian skilled workers, open the new Saxony‑Egypt University and boost bilateral workforce ties.
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Egypt becomes 1st African nation to achieve advanced WHO Drug Oversight Classification
Egypt’s Drug Authority earns WHO Maturity Level 3 for vaccines and pharma, unlocking export markets and attracting investment.
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Will Trump's tariffs make the Middle East's struggling economies competitive?
Jordan and Egypt lag Southeast Asian manufacturers; Trump’s 10% tariffs could tip the competitive balance in favor of Middle East exporters.
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Stock market lands in the red amid Egyptian selling and new US tariffs
The Egyptian Exchange (EGX) plummeted on Sunday, just one day after the US implemented its latest blanket tariffs.
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Egypt’s external debt fell by US$12.9 billion in 2024
Egypt’s external debt dropped $12.9 bn in 2024 to $155.1 bn—the largest annual fall ever—driven by CBE reforms and timely bond repayments.
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US imposes 10% tariff on goods imported from Egypt
The US imposes a 10% tariff on Egyptian imports, impacting textiles, metals, and food, reshaping bilateral trade amid rising protectionism.
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EU approves €4bn loan for Egypt
The EU Parliament approves a €4 bn tranche for Egypt’s MFA package, bolstering fiscal stability, reforms, and strategic partnership through 2027.