News
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Finance Ministry highlights initiatives to stimulate economic activity
Egypt’s Finance Ministry unveils initiatives to spur growth: private-sector incentives, industry support, and expanded social protection outlays.
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USD/EGP exchange rates edge up on Thursday
USD/EGP rates ticked up to EGP 50.54/50.64 at major banks on April 4, reflecting ongoing dollar demand and FX‑market volatility.
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Egypt Announces Public Sector Pay Raises as Part of FY2025/2026 Budget
Egypt boosts public sector pay from July 2025: 10–15% raises, higher COL allowance, LE 7,000 minimum wage and mass hiring to ease citizen finances.
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Central Bank of Egypt announces increase in net foreign assets
Egypt’s banking system net foreign assets jumped by $1.5 bn in Feb to $10.17 bn, boosting FX reserves and supporting pound stability.
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2PointZero’s Maseera acquires Egyptian fintech platform ADVA
2PointZero’s Maseera acquires ADVA, leveraging AI credit scoring and e‑KYC to extend digital lending to Egypt’s 50 M underbanked consumers.
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Egypt’s non-oil sector sees minor setback in March, Lebanon’s PMI declines
Egypt’s non-oil PMI dipped to 49.8 in March, and Lebanon fell to 45.3, signaling regional manufacturing and services contraction and investor caution.
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Serial entrepreneur Muhammad Shehata launches successful businesses in childcare, trucking and travel to Egypt
Entrepreneur Muhammad Shehata scales childcare, trucking, and Egypt travel ventures—Cargo Champion nets $850K revenue.
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Qatar rejects claims of ‘financial payment’ to undermine Egypt’s role in Gaza ceasefire
Qatar denies allegations of funding to undermine Egypt’s Gaza ceasefire mediation, reaffirming commitment to impartial diplomacy and joint efforts.
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Cairo’s historic gates: the stories behind the city’s fortified walls
The gates of Cairo reflect the city’s history—marking its defences, migrations and evolving identity.
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Tourist sites welcome 175,000 Egyptian and foreign visitors in Eid
Up to 175,000 Egyptian and foreign visitors visited museums and archaeological sites during the first two days of Eid.
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Egypt Launches 261,000 Apartments Across Five Phases
Ministry of Housing prepares to offer diverse housing options while reforming subsidy system for food support.
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Egypt's Eid El-Fitr and Tourism: A Celebration Amid Economic Turbulence
Beyond Eid El-Fitr cultural significance, this festive season greatly impacts the Egyptian economy, particularly tourism.
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Egypt & Turkey Partner to Produce Unmanned Military Ground Vehicles
The UGVs are intended for use in military operations, border security, and logistics support.
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Saudi Arabia Closes Egyptian Dessert Chain ‘B Laban’ Amid Food Poisoning Reports
The Saudi Ministry of Municipalities and Housing confirmed it had acted on received complaints by conducting inspections.
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Billionaire Nassef Sawiris changes residency to Italy
Sawiris, whose wealth is estimated at around $8.6 billion, resigned from his position as director of the London branch of his family office.
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Why Egypt Does Not Need US Aid
The United States has, for decades, provided Egypt with military and economic aid, but this support has always come with strings attached.
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Egypt Makes Progress in its Nuclear Energy Project
Egypt and Russia signed a cooperation agreement on November 19, 2015, to establish the nuclear power station at a cost of $25 billion.
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What to do if your flight is canceled or delayed
Check the status of your flight before you head to the airport. If your flight has been canceled, you could save yourself the hassle of going.
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Egypt's Beltone reveals first round’s results of capital hike subscription
The offering witnessed over 4.95 billion shares subscribed, according to a press release.
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Roumy Cheese: Egypt’s Pungent, Ancient, & Addictive Icon
Roumy cheese isn’t just a sandwich staple—it’s a 5,000-year-old Egyptian obsession.