News
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Egyptian banks offer fee-waived, no-minimum accounts through April for financial inclusion drive
Egyptian banks launch a fee-waived, no-minimum-balance account drive in April, enhancing financial inclusion.
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Private sector’s role in Egypt’s economic growth took center stage at the Narrative Summit 2025
At Narrative Summit '25, Egypt’s private sector highlighted its pivotal role in driving economic growth and fostering innovation.
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Giza Pyramids launches trial run of new visitor services project
The Ministry of Tourism and Antiquities is overseeing the rollout of services such as a new entrance and electric shuttles.
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Why Egypt is the perfect location for season 4 of The White Lotus
Whether told through Western or Arab lenses, Egypt’s layered history and charged settings have proven irresistible for tales of secrets.
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US Tariffs on Egypt’s Exports May Be Lifted
Egypt eyes attracting Chinese, Turkish, and Vietnamese manufacturing to boost exports amid tariff changes.
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Egypt signs contract with France’s Alstom to build railway industrial complex
The deal includes the development of two factories: one focused on electrical systems and railway components.
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Fees for money transfers through Applications of 3 Banks
This step comes after InstaPay imposed a transfer fee of 0.1 percent of the transaction amount, with a minimum of 50 piasters and a maximum of LE20.
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Vodafone tops nPerf 2025 list for best fixed internet performance in Egypt
Vodafone Egypt, the country's largest mobile operator, was ranked first for best fixed internet performance in Egypt in 2025 by nPerf.
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The EGX and pound falls again amid additional US tariffs
The drop in the pound was mirrored by a steep decline in the Egyptian Exchange (EGX), where the main indices fell by between 1.86% and 3.65%.
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Egypt secures €262 million from France, EU for water and energy infrastructure projects
The deals were signed during French President Emmanuel Macron’s state visit and the announcement of a new partnership between Egypt and France.
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Egypt's TSFE, NSPO enlist consulting firms to restructure 5 army-affiliated companies ahead of IPO
According to the agreements, the offering of some of these companies is expected to be completed by 2025.
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Naguib Sawiris expects gold to hit US$5,000 per ounce
The Egyptian billionaire indicated that psychological pressures and investor need for liquidity were among the reasons for the decline in gold prices.
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Cairo prepares for 5th session of Egyptian-Hungarian Joint Committee
There is progress in Egyptian-Hungarian economic relations, encompassing construction, information technology, food, water, healthcare, and finance.
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Mohamed ElAraby appointed as L’Oréal Egypt Managing Director
Mr. El Araby's extensive experience in both regional and global markets provides a strong foundation for his new responsibilities.
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Brazil, Egypt and Singapore among potential winners from US tariffs
A handful of countries are emerging as potential winners although the risk of a tariff-induced recession will limit the upside.
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US tariffs increase uncertainty as Egypt weighs interest rate cut
The global trade disruptions caused by the newly imposed US tariffs are creating uncertainty for Egypt’s monetary policy.
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Economy shows significant improvement in first 8Ms of FY2024
Kouchouk emphasized that the Egyptian government is focused on reforming its financial policies to better support private sector growth and stability.
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Eni to invest 24 billion euros in Egypt, Libya and Algeria
The company owns several concession areas across the Gulf of Suez, the Nile Delta and the Western Desert, and is the main operator at the Zohr.
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SIG and partners collaborate on beverage carton recycling solution in Egypt
According to SIG, at present there is no formalized system for waste collection and recycling in Egypt.
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Egypt powers a new era of urbanization with massive construction projects
Egypt fast-tracks urban expansion with major projects in New Alamein, Ras El Hekma, Dabaa and Marina, aiming to transform its Mediterranean coastline.