News
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Egypt Moves to Pass Freedom of Information Law, Secure Sustainable Media Funding
Egypt is coordinating to accelerate the issuance of a freedom of information law and to establish sustainable, off-budget funding mechanisms.
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Egyptian Cotton Exports Jump Nearly 60% to 57,234 Tons
The increase in export volumes comes amid declining prices for several Egyptian cotton varieties, which has helped improve competitiveness abroad.
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Falling oil prices, stable exchange rates set stage for potential Egypt fuel cuts
Egypt’s automatic pricing committee for retail fuel products is set to resume its periodic meetings during the first quarter of the new fiscal year.
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Egypt is trying to build a logistics footprint in East Africa — but will the plan work?
The state wants to anchor the Red Sea-East Africa corridor, but depressed freight rates and low bilateral volumes make the math challenging.
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Egypt showcases energy, mining investment opportunities to foreign diplomats
The minister emphasised the importance of expanding cooperation with regional and international partners in energy exploration, production, and mining
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Egypt's First Smart Lighting Factory Set to Begin Production in 2026
The USD 30 million facility will manufacture energy-efficient lighting systems for local and export markets.
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Egypt’s external debt grew 5.6% yoy to $163.9 bln at the end-December
Egypt's economic transactions with the rest of the world improved before the onset of the US-Israel war on Iran. External debt grew by 5.6.
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Egypt steps up preparations for Cairo Water Week 2026
The annual conference has become one of the region’s leading international platforms for dialogue on water management and sustainable developmet.
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Egypt boosts agricultural exports to nearly 10 million tonnes
The country's agricultural sector has recorded significant growth through modernisation, digital transformation and large-scale development projects.
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Egypt Launches Global Tender for Floating LNG Storage Unit to Strengthen Summer Gas Supplies
Egypt expects to import around 3.9 billion cubic feet (bcf) of natural gas per day during the current summer season.
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Egypt’s North Coast Is Shifting From Summer Escape to Year-Round Investment Hub
According to JLL’s North Coast report, the region is evolving into a permanent residential, tourism, and investment destination.
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CBE directs banks to raise CSR contributions to healthcare sector
Egyptian banks’ corporate social responsibility (CSR) contributions rose to 50 percent in the health sector during the first quarter (1Q) of 2026.
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SCCT turns to clean energy to protect East Port Said from EU carbon taxes
East Port Said handles around 79% of Egypt’s transshipment trade, and it is one of only two ports on the EU’s list of neighboring container transship.
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Egypt PM orders financial sustainability studies for state-owned press to settle debts
A comprehensive study for each state-owned press institution outlining mechanisms to achieve financial sustainability and settle accumulated debts.
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China’s Zenith to set up $300m tyre component plant in Egypt
Cairo signed a deal with China’s Sailun Group in August 2025 to build a $1 billion automotive tyre factory in the Suez Canal Economic Zone.
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Egypt to start paying public sector wage hikes from 20 July
This reflects its approved public sector wage increases from 20 July, raising the minimum monthly income for state employees to EGP 8,000.
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Egypt uncovers lost Byzantine-era city in the western desert
The recent discoveries at the Dakhla Oasis and at the Marina el-Alamein archaeological site, near Alexandria, are the latest findings.
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Egypt approves 2nd tax reform package to spur investment, ease business costs
Egypt's parliament has approved a second package of tax reforms to reduce business costs, improve liquidity, and encourage investment.
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Egypt expects €1.5B EU payment within days under support package
Cairo says tranche part of €7.4B financial package agreed with EU.
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Balance sheet of banks in Egypt climbs to EGP 24.9trn in February as deposits, lending expand
The CBE reported that banks’ cash balances stood at EGP 174.561bn in February, while balances with other domestic banks reached EGP 2.601trn.