News
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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.
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Madbouly oversees Egypt’s digital transformation, focuses on streamlining services
Egypt's digital transformation accelerates under Madbouly's oversight, focusing on streamlining services and boosting efficiency.
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Elsewedy Electric is setting up USD 500 mn subsea cable factory — the region’s first
Elsewedy Electric to establish the region's first USD 500M subsea cable factory, with all output set for export.
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Housing Ministry to facilitate real estate funds
El-Sherbiny emphasized that real estate funds are vital financial instruments that offer diverse investment opportunities and generate strong returns.
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Fawry and Ottu sign strategic collaboration agreement to drive unprecedented business growth in Egypt
Fawry and Ottu's strategic collaboration aims to drive unprecedented business growth in Egypt's financial sector.
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IMF approves $1.2 billion for Egypt
Cairo has requested financing under the RSF since 2022, with hopes it could unlock up to an additional $1 billion.
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Egypt says 100 countries will attend Gaza reconstruction conference
Egypt prepares to host a Gaza reconstruction conference, with 100 countries participating, aiming to address rebuilding efforts post-conflict.
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Egypt's new grain buyer, run by the military, is pushing local prices up, traders claim
Egypt’s military-run grain buyer expands its influence in the local market, aiming to ensure stable food supplies amid global challenges.
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Egypt's lucrative carry trade in the balance after recent dips
Egypt's carry trade faces uncertainty after recent dips in currency, potentially altering the country's lucrative financial strategy.
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Egyptian Economy Shows Positive Indicators at present
The Egyptian PM highlights the nation's economy, showcasing positive indicators and progress, signaling resilience amid global financial challenges.