News
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Egypt trade deficit hits 10-year low as non-oil exports post strongest growth
Egypt's trade deficit reaches a decade-low as non-oil exports surge, marking the strongest growth period and improving trade balance fundamentals.
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Egypt’s Metallic Silicon Production: Strategic Industrial Development and Market Positioning
Egypt prepares to launch metallic silicon production facility in 2026, advancing industrial diversification beyond traditional manufacturing sectors.
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Egypt speeds up tie-in of two new wells after promising discoveries
Egypt accelerates connection of two newly drilled Western Desert oil and gas wells following successful discoveries to boost domestic output.
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TMG to launch post-AI project and begin Noor city deliveries in 2026
Talaat Moustafa Group unveils the 2.4m sqm "The Spine" project using post-AI tech, begins Noor City handovers, and invests EGP 10bn in SouthMed.
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Egypt opens 25 new markets, exports 405 commodities to 167 countries
Egypt expands export reach to 167 countries with 405 commodities, opening 25 new markets to diversify international trade partnerships.
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Egypt-Djibouti talks focus on ports, maritime links and trade logistics
Egypt and Djibouti strengthen maritime transport and logistics cooperation, targeting enhanced African connectivity and intra-continental trade flows.
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Egypt drills 2 new oil and gas wells in Western Desert
The Petroleum Ministry successfully completes drilling of two new production wells in the Western Desert as part of domestic output expansion efforts.
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Port Said health facilities record 362,662 medical services throughout 2025
Port Said healthcare facilities deliver 362,662 medical services in 2025, expanding dental, genetic counseling, and presidential health initiatives.
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NTRA warns of possible disruptions to digital services during maintenance work Saturday
National Telecommunications Authority warns of possible service interruptions Saturday 9am-3pm due to Smart Village electrical infrastructure work.
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Egypt prepares to launch major projects near Israeli border
This covers three plots of land near Rafah, El Hassana, and in the Baghdad area in North Sinai, with a total area of about 6,227,658 square metres.
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Arab visitors to pay same fees as foreign tourists
Since 2007 Egypt was allowing Arabs to access the country’s iconic archaeological sites and museums at the same rates as Egyptians
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Egypt, Afreximbank join forces to establish African Gold Bank
This strategic initiative is designed to bolster central bank reserves, reduce Africa’s dependence on external refining and trading centers.
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Egypt Receives USD 3.5B from Qatar to Develop Samla and Alam al-Rum Tourism Project
The investment includes cash and in-kind contributions, with projected USD 1.8 billion revenue from future residential unit sales.
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2,000-Year-Old Roman Workshops and Necropolis Unearthed in Egypt
The discovery reveals how the area once served as a hub of industry and burial activity during the Roman era.
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Egypt achieves 92% of FY24/25 investment target with EGP 922 bln spending
Egypt’s investment spending reached EGP 922 billion (around $19.4 billion), achieving 92 percent of the approved EGP 1 trillion investment cap.
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GlobalCorp issues eighth securitization bond worth EGP 2.5bn
The issuance was structured into three tranches with varying maturities and credit ratings.
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Egypt cuts air cargo processing fees
Under the decision, $80 will be cut from the fee charged for mechanisation and data auditing procedures conducted via the electronic platform.
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Talaat Moustafa Group (TMG) signs EGP 10B ($200M) construction contracts with Concrete Plus
The scope of the contract covers 179 fully finished residential buildings, offering a range of luxury chalets with premium lagoon views.
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EGX Posts Strong Year as State IPOs Set to Support 2026
The benchmark EGX30 index surged nearly 40% in 2025, surpassing 41,000 points for the first time in its history.
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Egypt moves to deepen local manufacturing, cut textile imports
The ministry of Industry is fully prepared to provide all forms of support to serious investors seeking to establish spinning and textile factories.