News
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Mylo to provide fully digital onboarding services in Egypt
Mylo announced that it has received official approval from the Financial Regulatory Authority (FRA) to provide fully digital onboarding services.
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Second Tier Installed At El Daaba-2 Inner Containment
Russia would lend Egypt $25bn (€23bn) for the construction of the El Dabaa station, which would constitute about 85% of the total cost of the project.
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Egypt to raise prices of retail fuel products twice till end-2025
Since 2014, Egypt has raised the prices of retail fuel products over twenty times, including three times in 2024.
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Egypt’s renewable energy production to rise to 12 GW in 2026
In a report in late 2024, the Ministry said a revised energy strategy includes boosting that share to 42 percent by 2030 and 60 percent by 2040.
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Tourism, remittances recover Egypt economy
Egypt's economic indices have improved over the past year mainly due to the Central Bank of Egypt's (CBE) corrective measures in March 2024.
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PM inspects units of “Housing for all Egyptians” initiative
The premier is accompanied by Minister of Housing, Utilities and Urban Communities Sherif Sherbiny and officials of the Housing Ministry.
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Arab Region’s GDP exceeds $3.5 trillion in 2024, set for 4.1% growth in 2025
This anticipated growth is expected to be driven by stronger performance in 14 Arab countries, particularly the nine oil-dependent nations.
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INTERVIEW: Egypt has strong fundamentals for long-term investment
As Egypt’s renewable energy sector accelerates, government targets and high-profile investments are set to transform the region's energy landscape.
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El-Khatib, India’s Lulu Group explore investment plans in Egypt
The group also aims to establish cold storage facilities to support exports from Egypt to global markets, Kutty stated.
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Egypt Introduces Fees on Producers to Reduce Single-Use Plastic Bags
A fee of 37.5 Egyptian pounds per kilogram of bags sold in the local market will be imposed starting June 3rd, 2025.
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Elsewedy Electric’s consolidated profits rise 72.65% YoY in 2024
Elsewedy Electric's consolidated profits rise 72.65% YoY in 2024, reflecting strong financial performance and strategic growth across various sectors.
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Egypt Boosts Transport with Alstom Industrial Complex
Egypt boosts transport with the Alstom Industrial Complex in Borg el-Arab, enhancing local manufacturing, exports, and job creation.
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Savola Egypt opens new headquarters in New Cairo
Savola Egypt opens new headquarters in New Cairo, aiming to enhance operational efficiency and support regional growth in the food and retail sectors.
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Egypt Expands Textile Industry with $10M New Chinese Investment in SCZone
Egypt expands its textile industry with a $10 mi investment from Jiangsu Guotai, establishing a new garment factory in SCZone and creating 2,000 jobs.
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Government partnership transforms agricultural waste into sustainable feed, fertilizer
A government partnership in Egypt transforms agricultural waste into sustainable feed and fertilizer, promoting environmental sustainability.
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The Egyptian Competition Authority issues its largest price fixing cartel decision and expands the scope of commercially
The Egyptian Competition Authority issues its largest price-fixing cartel decision, targeting 162 broiler chick producers.
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Air Cairo expands fleet, digital transformation in 2025
Air Cairo expands its fleet and embraces digital transformation in 2025, aiming to enhance passenger experience and operational efficiency.
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Takaful and Karama beneficiaries receive EGP 1.5bn Ramadan bonus
Takaful and Karama beneficiaries receive an EG 1.5 b Ramadan bonus, supporting 4.7 million families with direct cash assistance during the holy month.
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Suez Canal Authority, MSC discuss Red Sea stability, return to normal transit
The Suez Canal Authority and MSC Group discuss strategies to stabilize the Red Sea region and resume normal transit, addressing security concerns and
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Shell Egypt Invests USD 300M to Boost Gas Production in Egypt
Shell Egypt invests $300M to enhance gas production, collaborating with Petronas to drill new wells and expand offshore exploration.