News
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Egypt Bets Big on Renewables as Foreign Investment Accelerates
Egypt has signed $1.8 billion in renewable energy agreements, including large-scale solar and battery storage projects with Scatec.
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Egypt submits national aviation action plan through 2028
The plan is designed to enhance the competitiveness of the civil aviation sector while strengthening its contribution to economic growth.
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Why are Electricity Bills Soaring in Egypt?
In August 2024, Egypt raised the electricity tariff for households by up to a 50 percent increase, which did not come as a single flat jump.
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American Youtube Star IShowSpeed spotted in Egypt
The youtuber kicked off a three-hour stream documenting his journey through the pyramids, then headed to the Grand Egyptian Museum.
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Maersk completes trial transit through Bab Al-Mandab Strait into Red Sea
Maersk tests Red Sea route return after year-long disruption, signaling potential restoration of critical Suez Canal shipping corridor.
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Why Qatar’s 30B USD stake in Egypt is about more than business
Qatar's $30B Egypt investment tests whether large-scale development can stabilize volatile region, reshaping Gulf diplomatic strategy
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Egypt stocks surge as market capitalization hits record high
Egyptian stock market hits all-time high at LE3.038 trillion, driven by banking sector gains and investor optimism for 2026 growth.
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Syrian president says Egyptian companies have priority in reconstruction
Syria grants Egyptian firms first priority for reconstruction projects, opening massive post-war rebuilding opportunities worth billions.
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Egypt targets 30 million tourists year after record 19 million arrivals
Egypt aims for 30M tourists annually after record 19M in 2025, implementing e-visa system and expanding hotel capacity nationwide.
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Egypt Allows Conversions of Residential Homes into Hotels Without Fees
Egypt waives fees for converting homes to hotels near pyramids, rapidly expanding accommodation to support 30M tourist target by 2030.
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Investment minister, Swiss ambassador discuss deepening economic, investment ties
Egypt and Switzerland prepare for an economic forum to deepen trade ties, focusing on manufacturing, pharma, textiles, and engineering sectors.
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SeenX Launches to Disrupt Traditional Outdoor Advertising in Egypt
Egyptian startup SeenX launches GPS-tracked mobile billboard fleet, claiming 15-24M monthly impressions vs. 9M for static billboards.
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Egypt, Oman mull cooperation in mining sector
Egypt and Oman explore cooperation in mining development and oil & gas sectors, focusing on expertise sharing and joint opportunities.
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Banque Misr Receives Top Employer Certification from the Global Top Employers Institute for 2025
Banque Misr receives global Top Employer recognition for HR excellence, strengthening its position as Egypt's leading banking institution.
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Egypt signs $1.8 bln renewables and energy storage deals in SCZone
Egypt secures $1.8B for renewable energy projects, strengthening grid reliability and positioning the nation as a regional green energy leader.
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EU to disburse €1 B to Egypt next Thursday
EU releases second €1B installment of €5B package, providing crucial fiscal support to stabilize Egypt's economy and boost investor confidence.
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Egypt’s Madbouly inaugurates $153m industrial projects in Suez Canal Economic Zone
PM opens $153M in solar, textile, appliance factories in SCZone, creating 1,000+ jobs and boosting local manufacturing to reduce imports.
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Egypt signs agreement with Shell and Total for 60 LNG shipments worth $2,7 billion
Egypt locks in $2.7B LNG deal with Shell and Total through 2026, ensuring energy security and stable supply for industrial operations.
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Egypt Foreign Minister Urges Private Sector Alliances To Expand African Trade Footprint
Foreign Minister pushes Egyptian firms to form consortia for African expansion, targeting infrastructure, energy, and agribusiness sectors.
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Planning minister launches 2nd edition of Narrative for Economic Development 2030
Planning Minister unveils updated 2030 economic roadmap, outlining strategic priorities and reforms to accelerate national development goals.