News
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Qatar and Egypt agree to work towards package of $7.5 bln
Egypt is pushing ahead with efforts to secure funding from Gulf neighbours and foreign partners as it seeks to tackle heavy foreign debts.
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Egypt's Dr. Greiche Group invests $10 million in automotive glass plant
Egypt-based Dr. Greiche Group will invest EGP 500 million (around $10 million) in a new automotive glass production complex, the company said.
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After US Tariffs, Egypt Seeks to Amend the QIZ Agreement
The Egyptian government is exploring low-cost local manufacturing and plans to review free trade agreements with global partners.
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Egypt, Saudi Arabia seal 4 strategic investment deals at bilateral forum
The deals span key sectors such as investment promotion, food processing, solar energy, metal industries, and real estate development.
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Orange Egypt announces 15th edition of Orange Social Venture competition
The competition, with a total prize fund of €70,000, recognizes enterprises and startups that use technical innovation to find novel solutions.
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CMA CGM buys into Egyptian inland port
French shipping and logistics giant CMA CGM has agreed to buy a 35% stake in Egypt’s October Dry Port (ODP).
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Giza Pyramids attract 15,000 visitors in single day amid development drive
Marking a 25% increase compared to the first day of the trial run and the highest daily turnout since the launch of the site’s development project.
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Egypt launches EGP 30 bln fund to boost local manufacturing
Egypt’s Ministry of Industry and Transport has launched the first phase of a major funding initiative to support the country’s priority industries.
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Trump tariffs to have limited impact on Egypt: Standard Chartered
The recent US tariffs are unlikely to significantly affect trade between Egypt and the US, given that the US maintains a trade surplus with Egypt.
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Moniepoint investor takes over Egypt’s $105M Nclude with new venture fund
Development Partners International (DPI), a UK-based private equity firm, has taken over the management of Egypt’s $105 million Nclude Fund.
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Why Egypt Is Becoming a Top Destination for Business and Leisure Travel in 2025
Egypt has quietly climbed the global hot list for executives who refuse to choose between profit and pleasure.
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Rising vegetable and fruit prices in Cairo leave citizens worried
Cairo markets have witnessed a significant increase in prices of vegetables and fruits, coinciding with a two-pound increase in octane and diesel.
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Why is the Egyptian Pound testing new lows?
The EGP sinks to new lows due to persistent capital outflows and financing gaps, sparking concerns about economic resilience.
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Egypt’s Minya, Fayoum are getting new textile industrial zones that could bring in USD 3 bn in investment
Egypt plans new textile hubs in Minya and Fayoum worth $3B, creating 150,000 jobs and boosting exports through integrated industrial zones.
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After US Tariffs, Egypt Seeks to Amend the QIZ Agreement
In response to U.S. tariffs, Egypt plans to amend the QIZ deal, cutting Israeli input to attract investors and strengthen export appeal.
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Mohamed ElAraby Appointed as L’Oréal Egypt Managing Director
Mohamed ElAraby becomes L’Oréal Egypt’s first Egyptian MD, bringing global experience to lead brand growth and market innovation.
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Gold prices in Egypt jump on Thursday
Gold prices in Egypt spike, with 24k gold reaching EGP 5,142.75/gram, reflecting global demand and local currency pressures.
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Egypt, Qatar trade volume records $128.4 million in 2024
Egypt-Qatar trade hits $128.4M, with Egyptian exports doubling and Qatari investment surging to $618.5M—signaling tighter ties.
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Egypt Kuwait Holding’s general assembly greenlights $53.2mln dividends for 2024
EKH shareholders approve $53.2M in dividends, reflecting strong 2024 financials and strategic regional investments.
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29 French companies explore industrial, transport investment opportunities in Egypt
Airbus, Capgemini, and 27 other French firms eye industrial and transport investments in Egypt, signaling deeper bilateral ties.