News
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Egypt’s engineering exports record $526.2 million in January 2025
The cables sector led the way with a 72.8 percent increase in exports, followed by electrical appliances, which saw a 64.9 percent rise.
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Organi Group, Garhy Group forge strategic industrial partnership
ODI will acquire 26.25% of the Misr National Steel Company, Ataqa, after completing due diligence and obtaining approvals from regulatory bodies.
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Egypt launches new licensing round to boost exploration, production prospects
Egypt is offering 13 exploration and production opportunities in a bid to further develop its hydrocarbon resources.
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St. Kitts and Nevis Investment Gateway Summit 2025: A call to Egyptian investors
After the remarkable success of its 2024 edition, the St. Kitts and Nevis Investment Gateway Summit returns with even greater ambition.
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Illusion of easy money: Unmasking digital scams in Egypt
With the expansion of digital financial services and electronic wallets, digital fraud has become a concerning phenomenon in Egypt.
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Careem Pay Expands to Egypt
Careem Pay launches UAE-to-Egypt remittances, offering instant, low-cost transfers—50% cheaper than banks.
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Up to 13K-15K visitors expected daily at Grand Egyptian Museum after full inauguration
The minister reviewed the great turnout of visitors to the museum since the start of its trial operation, as the museum receives about 5,000 visitors.
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NAT, Emirates NBD Egypt ink EGP 3 bln deal to support public transportation
This financing agreement aligns with Egypt's Vision 2030, which focuses on economic growth.
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The story behind the Turkish investments flooding Egyptian industry
Turkish investors have been eyeing Egyptian industry with increased enthusiasm, with plans to inject USD 5 bn into Egypt over the next two years.
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State-of-the-art cranes for new multipurpose terminal in Egypt
AD Ports Group is investing AED 193 million in three ship-to-shore (STS) cranes, and six hybrid rubber tyred gantry (RTG) cranes.
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Nigerian Army looking to buy Egyptian armoured vehicles
Notably, the Buffalo armoured personnel carrier has already been delivered to Burkina Faso, proving its reliability in real-world conditions.
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Egypt's headline inflation rate almost halves in February
The drop was amplified by a statistical base effect, as exceptionally fast price increases of the past two years were no longer reflected in the stats
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Egypt FX inflows match expenditures for 1st time in years
For the first time in years, foreign currency inflows into Egypt have matched expenditures, signalling economic stability.
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Egypt’s tax revenues surge by 39% in H1 of FY2024/2025
Kouchouk revealed that Egypt plans to triple allocations for economic stimulus programs and initiatives compared to the current year.
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Visa launches "Tap-to-Add Card" in Egypt
Visa introduces the Tap to Add Card feature in Egypt, simplifying digital payments and enhancing user convenience.
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Egypt's Ambitious Oil and Gas Plans
Egypt unveils ambitious plans to boost its oil and gas sector, aiming for increased production and economic growth.
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Talabat fully acquires Instashop from parent company Delivery Hero for USD 32 mn
Talabat fully acquires Instashop from Delivery Hero for USD 32M, with Instashop continuing as an independent brand.
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Why Cyprus-Egypt Energy Cooperation Benefits the United States
Discover how Cyprus-Egypt energy cooperation strengthens ties and benefits the United States in the global energy landscape.
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Egypt Rises to Second Place in Africa’s Solar Rankings
Egypt climbs to second place in Africa's solar rankings, showcasing its commitment to renewable energy and sustainable development.
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bp successfully completes drilling at El Fayoum-5 Gas Well in North Alexandria Offshore Concession
BP completes drilling at the El Fayoum 5 gas well, marking a significant milestone in Egypt's offshore energy exploration.