News
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Egypt explores opportunities to expand sustainable environmental investment in natural reserves
Investors discussed opportunities to expand sustainable environmental investment in Egypt’s natural reserves and to promote eco-tourism.
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Egypt Starts Trial Operations at New Red Sea Container Terminal
First vessel docks at Sokhna Port as authorities test capacity of major logistics project.
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Egypt sets external debt cap at 40% of GDP to ensure economic stability
In a press conference, Madbouly announced that Egypt has achieved its lowest trade deficit in the past decade, largely due to a rise in exports.
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Egypt Al Nasr to produce electric vehicles as operations resume after 15-yr hiatus
The company also highlighted a partnership worth EGP 500 million signed last year with Al Safy Group to manufacture global car models locally.
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Egypt secured $9.5 B in funding to strengthen economy since 2023
This funding plays a key role in extending the maturity of Egypt’s debt and easing financial burdens, which in turn helps to boost investor confidence
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ESAF Aquires Egypt’s First License to Produce Aviation Fuel
The facility will convert used cooking oil into up to 120,000 tons of jet fuel annually, cutting an estimated 400,000 tons of carbon dioxide annually
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Egypt inaugurates first submersible pump production factory
PM Mostafa Madbouly inaugurated on Tuesday Egypt's first submersible pump production factory at Qaha Chemical Industries Company in Qalyubia.
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Egypt Advertisers of the month for November: Amazon Prime, LinkedIn and YouTube
Amazon Prime leads, boosted by its 11.11 Sale and Shark Tank Egypt tie-in.
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Egypt, Albania sign 1st cooperation accords in over two decades
Egypt and Albania signed several memoranda of understanding on Monday to boost bilateral cooperation across 25 strategic sectors.
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Intl consortium breaks ground on 4 GW solar complex in Egypt
The project involves USD 210 million (EUR 178.67m) of investments and will create about 840 direct jobs.
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Sisi issues directives on localizing industry, building human capabilities, infrastructure
The directives also asserted integration between scientific research and industrial entities to achieve Egypt Vision 2030.
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Egypt Launches Locally Manufactured SPNEX Satellite for Climate Research
The launch, aboard China's Lijian-1 launch vehicle, represents a significant scientific milestone within Egypt’s nano-satellite development program.
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A Surge in Egypt’s Gold Reserves Supports Foreign Currency Holdings and Records a Historic High
In value terms, Egypt’s gold reserves rose by around $707 million, reaching $17.251 billion, up from $16.545 billion in the previous month.
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Egypt launches trial operations at Sokhna's giant container terminal
Ain Sokhna Port is a critical link in the integrated Sokhna–Dekheila Logistics Corridor, connecting the Red Sea and the Mediterranean.
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Ain Sokhna Port wins Guinness World Record
Egypt’s Ain Sokhna Port has been recognized by Guinness World Records as the deepest man-made port basin constructed on land, with a depth of 19 m.
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From waste to wealth: unlocking Egypt's bioeconomy with Dutch expertise
Dutch partners can contribute with expertise in waste processing, innovation through circular solutions, and investment in promising enterprises.
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Egypt airport strategy: Leveraging public-private partnerships and smart technology
Egypt has launched one of the largest aviation infrastructure development programmes in decades, aiming to modernize the airport system.
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Brightskies: Exporting Autonomous Driving and EV Technology from Egypt
Egypt’s strategic focus on digital exports has yielded significant results, with digital exports soaring to over $6.2 billion in 2023.
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Egypt farmers behind world’s perfumes face climate fight alone
Jasmine production in Egypt’s Nile Delta is falling as rising temperatures and humidity linked to climate change reduce flower yields.
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Egypt could reach 8% economic growth with continued structural reforms
HSBC economists offered an optimistic yet cautious outlook on Egypt’s economy, suggesting that sustained structural reforms.