News
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Egypt's trade balance deficit hits $4.58 B in October 2025
Trade deficit widens to $4.58B in October, signaling continued import pressures despite government efforts to boost local production capacity.
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Egyptian-Founded Oasys Health Raises $4.6M Seed Round
NY-based healthtech by Egyptian founder secures $4.6M to digitize mental healthcare with AI-driven tools targeting 1,000+ clinic partners.
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Egypt, Switzerland discuss boosting trade, investment ties ahead of economic forum
Egypt-Switzerland explore deeper trade ties ahead of economic forum, seeking Swiss expertise in manufacturing and financial services sectors.
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Egyptian-Syrian partnership aims to restart stalled factories
Egyptian firms eye Syria reconstruction opportunities, discussing partnerships to revive dormant factories and rebuild war-damaged infrastructure.
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Egyptian-led Oasys Health raises USD 4.6 mn to build the data backbone for mental health
The seed round was led by Pathlight Ventures, with participation from Twine Ventures and Better Ventures.
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Egypt inaugurates Phase 1 of Obelisk Solar Power Plant in Qena with $600 million investments
PM inaugurates Phase 1 of the $600m Obelisk Solar Plant in Qena. 500MW capacity with Africa’s largest battery storage; live in record 13 months.
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Horizon Egypt Developments completes land acquisition for SA’ADA project in New Cairo
Horizon Egypt completes land acquisition for SA'ADA New Cairo. Prime land values hit $1bn, signaling high Gulf investor confidence.
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Egypt secures $1.8B renewable energy projects with scatec, sungrow in SCZone
Scatec & Sungrow ink $1.8bn deal for solar and Africa’s first battery factory. A massive leap for SCZone and energy storage manufacturing.
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Egypt partners with 30 tech firms on youth digital skills training
Egypt partners with Google, IBM, & Microsoft to train 5,000 youth annually in AI/Cyber. Directly builds the high-skill talent pool for tech firms.
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Egypt’s Regulator Launches First Digital Payments Network
FRA launches the first digital settlement network for non-banking finance. A major "smart regulation" win to cut paper and speed up transactions.
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Egypt eyes $40 billion annual revenue in massive tourism overhaul
Egypt targets $40.5bn annual tourism revenue by 2030. Plans to double hotel rooms and increase nightly spend to $135 via luxury focus.
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Egypt expands fresh strawberry exports to Uzbekistan
Egypt opens Uzbekistan market for fresh strawberries. Exports reached a record 62,133 tons by end-2025, signaling global agri-leadership.
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Banking sector’s local liquidity rises to EGP 13.85trn in November 2025
Local liquidity in Egypt's banking sector rose to EGP 13.85trn in Nov 2025. Reflects steady growth in deposits and money supply.
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Egypt approves 53 mining exploration, exploitation licenses in Q4 2025
Egypt approved/renewed 53 mining licenses in Q4 2025. Targets gold, phosphate, and glass sand to maximize mineral wealth and private sector roles.
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Upper Egypt investors eligible for 50% tax deduction under investment law
Investors in Upper Egypt qualify for 50% tax deductions. A high-yield incentive for industrial, agricultural, and tourism projects in the south.
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Egypt Seals $1.8 Bn Renewable Energy Deals with China, Norway
Prime Minister Mostafa Madbouly attended the signing ceremony alongside senior government officials.
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Egypt’s annual urban inflation eases to 10.3% in December
Dec inflation dropped to 10.3%, signaling potential rate cuts and stabilized costs. The most critical macro indicator for all business planning.
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Egypt partners with 30 tech firms on youth digital skills training
Scatec & Sungrow ink $1.8bn deal for solar and Africa’s first battery factory. A massive leap for SCZone and energy storage manufacturing.
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Scatec signs PPA for 1.95 GW solar, 3.9 GWh battery projects in Egypt
Scatec signs a 25-year PPA for Africa’s largest solar+battery project (1.95 GW). Ensures 24/7 clean baseload power—a game changer for grid stability.
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Egypt secures $1.8B renewable energy projects with scatec, sungrow in SCZone
Scatec & Sungrow ink a $1.8bn deal for solar and the first battery factory in MEA. A massive boost for the Suez Canal Zone and tech manufacturing.