News
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Rashpetco aims to double gas production in Egypt by FY29/30
The first well is expected to produce 160 million cubic feet of gas and 1,900 barrels of condensate daily by the fourth quarter of 2026.
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Egyptian inflation seen edging up to 12.5% in December
The median forecast for annual headline urban consumer inflation was calculated from a poll of 16 analysts. In November, inflation fell unexpectedly
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Public Enterprises Ministry, Future of Egypt discuss boosting industry cooperation
The meeting discussed cooperation in several sectors, including phosphate production, salt industries, and vehicle manufacturing.
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Egypt’s Suez Canal Economic Zone reports 55% revenue surge
The organization revealed its total revenues reached 6.25 billion Egyptian Pounds ($134 million) for the period from July 1 to Nov. 30.
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Electricity, petroleum ministers review preparations to meet higher summer energy demand
The meeting reflected the close partnership, joint work, and continuous coordination between the two ministries to secure the fuel required.
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Severe winter storm paralyses Europe, hundreds of flights canceled
A violent winter storm has gripped Europe, triggering the cancellation of hundreds of flights, paralyzing rail services, and forcing road closures.
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Egypt: Declining Funding Undermines Education, Health Care
Human Rights Watch said today: Egypt is failing to ensure free primary education for every child and quality health care accessible to all.
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BP reiterates its plans to bolster investment in Egyptian oil & gas scene
Energy giant BP has reaffirmed its investment boost in the natural gas exploration and production agenda in the Mediterranean Sea.
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Egypt finalizes new entrepreneurship charter for startups
The government is considering establishing a unified institutional body for entrepreneurship to serve as a single point of contact for startups.
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Egyptian Senate discusses amendments to real estate tax law
Abu-Hashima said that amending the property tax law is part of the first phase of the tax relief initiative, which includes legislative reforms.
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Egypt, Qatar Sign MoU for LNG Supply
Qatar, which holds the world’s third-largest natural gas reserves, has become a critical partner in Egypt’s strategy to diversify sources of energy.
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How Instant Payments Are Changing Access for a New Generation
Started in 2020, several firms in Egypt employed digital financial tools like mobile wallets and digital payments.
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More Chinese car assembly comes to Egypt
Al Amal Group plans to invest USD 20 mn in the local assembly of three new models of Chinese automaker Dongfeng’s Forthing brand.
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Byzantine Monastic City Unearthed in Egypt
The Egyptian archaeological mission affiliated with the Supreme Council of Antiquities announced a new archaeological discovery in Sohag Governorate,
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Can Egypt’s Digital Payments Pioneer Reboot Market Confidence?
Investors are asking whether this is a value opportunity or a trap?
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Egypt int’l reserves hit record $51.4 bln at end of December 2025
Egypt’s net international reserves (NIRs) maintain its upward trend at end of December, recording a new high of $51.4 billion.
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Egypt to export gas, petroleum products to Syria
This will be utilizing Egypt’s existing infrastructure, including floating regasification units and gas transmission networks
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Agiba New Wells Add 1,650 bbl/d to Egypt’s Crude Oil Output
According to the Ministry of Petroleum and Mineral Resources (MoPMR), the move is part of an accelerated strategy to offset natural decline.
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Cairo Airport at maximum alert after Greek airspace closure
The cause of the disruption, which began early Sunday and escalated rapidly, remains unclear.
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Egypt to export gas, petroleum products to Syria
Egypt will export natural gas and petroleum products to Syria under two memoranda of understanding (MoU) signed between the countries.