News
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Egyptian cabinet approves luxury tourist train deal with Italy’s Arsenale
Under the agreement, Arsenale, a global player in luxury travel and tourism development with hotel operations in Italy and international markets.
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Egypt offers 52 state-backed investment projects
The projects, which come with preliminary feasibility studies and have been approved for presentation to investors.
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Egypt and Afreximbank lay the groundwork for a pan-African hub
Egypt signed a memorandum of understanding establishing a pan-African gold bank program.
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Egypt aims to boost local mobile phone production
Egypt aims to produce 15 million mobile phones next year and to begin exporting devices to international markets.
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MNZL targets EGP 2.5 bn fundraise to back the first mortgage you can get from your phone
Co-founder Ibrahim Safwat is staking out his ground before a national digital registry sees the finance market for already-built homes take off.
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UEE Drills 30 Wells in 2025, Increasing Egypt’s Production by 20%
The company’s recent acquisition of the US-based Apex company has doubled production and lifted total reserves to more than 60 million barrels.
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Marsa Alam Airport Welcomes 7,000 European Tourists in 24 Hours
The arrivals came on board 36 international flights from Germany, Poland, Italy, the Czech Republic and the Netherlands.
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Nigeria leads, Egypt lags as Africa’s private sector posts mixed performance in 2025
PMI data shows uneven business conditions as inflation, demand and currency pressures diverge.
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Egypt’s Catalyst Partners Targets IPO by End of 2026
Trading is currently limited to qualified investors with experience in financial markets and minimum net worth of EGP 5 million.
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MSMEDA expands marketing support for SMEs
MSMEDA aims to enhance the productive capacities of SMEs and prepare them for export, with a special focus on promising African markets.
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Lebanon, Egypt Sign Deal to Supply Natural Gas for Lebanese Power Plant
Salam’s office in a statement said the MoU sought “to meet Lebanon’s needs for natural gas allocated for electricity generation.”
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Egypt’s apparel exports exceed $3bn for first time
The achievement is particularly significant as it was realised entirely through the capabilities and expansion of existing factories.
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Egypt to localise high-voltage cable production with China
Mahmoud Esmat discussed, at the end of his visit to China, prospects for co-operation and partnership.
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2025 marked the end of Egypt’s tourism recovery and the start of its buildout
The country seems to be making progress with 18.8 mn tourists having arrived in Egypt this year, up nearly 20% y-o-y.
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Djibouti procurement chief plans Egypt visit to explore pharmaceutical, industrial imports
The head of Djibouti’s procurement authority is planning an official visit to Egypt to tour pharmaceutical factories.
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Concessional financing offered to first 100,000 taxpayers joining simplified tax system
The move aims to support taxpayers, ease compliance, and help businesses expand.
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Banks Operating in Egypt Makes Appreciable Profit
Banks operating in the Egyptian market recorded net profits of EGP 433.772bn in the third quarter of 2025, up from EGP 274.938bn in the second quarter
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Egypt's industrial production index sees 4.7% increase in October 2025
This represents an increase of 4.7 percent, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
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Egypt and Japan sign LE 1 billion agreement to build first-of-its-kind Suez Canal Dive Support Vessel
The agreement stipulates that the Japanese government, through the JICA, will provide a grant to finance the construction and delivery of the DSV.
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Is Egyptian Countryside’s massive EGP 25 bn power grid upgrade a signal of something even bigger?
The state-owned developer may be looking to transform itself into a master developer of an agro-industrial zone.