News
-
Egypt’s Investment Authority Launches Technology Hub for Startups
GAFI launches a Technology Hub in Nasr City Free Zone, providing streamlined procedures, regulatory support, and incentives for Egyptian startups.
-
UK's BII backs Egypt’s first solar-plus-storage project, deepens climate push
UK's BII plans Egypt investments scaling renewables, mobilizing private capital for transmission, and supporting industrial growth.
-
Egyptian strawberry exports to Russia more than doubles in year
Egyptian strawberry exports to Russia surge 150% in 2025 with total production up 25%. Frozen berries now sold to 86 countries versus 70 last year.
-
Egypt, Bulgaria sign cooperation agreements as joint committee meets in Cairo
Egypt and Bulgaria sign cooperation documents as the Joint Committee for Economic, Scientific, and Technical Cooperation.
-
Egypt to overhaul state-owned companies under updated State Ownership Policy
Egypt updates the State Ownership Policy to restructure SOEs, boost efficiency & attract private investment and partnerships.
-
Egyptian Exchange gains on Thursday amid tax system reform
EGX rises as new tax reform drives foreign buying; market cap adds EGP 1.46B, and EGX30 hits 41,499 points.
-
Egypt’s economy projected to grow by 67%
World Bank says closing gender & employment gaps could lift Egypt’s GDP by 6.7%; potential boost from jobs, manufacturing & private-sector reform
-
CIB named Egypt’s Bank of the Year 2025 as factoring portfolio hits EGP 4bn
CIB earns Bank of the Year after its factoring arm posts an EGP 4bn portfolio, ramping up SME & supply-chain financing.
-
Egypt's Ras El Hekma deal pushes COMESA FDI inflows up 154% to $65B in 2024
COMESA sees FDI soar 154% to $65B in 2024; Egypt’s Ras El-Hekma mega-project is credited as the main driver.
-
Majid Al Futtaim teams up with Lime Consumer Finance for flexible financing options in Egypt
Majid Al Futtaim partners with Lime to offer instant financing & installments at malls, pushing Egypt toward cashless retail.
-
Egypt signs first license agreement to produce sustainable aviation fuel
Egypt signs first SAF license; Alexandria plant converts used cooking oil into 120,000 t SAF/yr.
-
Egyptian E-Commerce Platform Taager Launches in Morocco
Egypt’s Taager expands to Morocco; end-to-end e-commerce platform opens Casablanca ops to tap booming online retail
-
Egypt’s trade mission to Malaysia strengthens Southeast Asian presence
Egypt sends 15 fruit & veg exporters to Kuala Lumpur to deepen its presence in SE-Asia produce markets.
-
Egypt’s national team for people with special needs wins World Karate Championship
Egypt’s para-karate team wins 4 golds, 1 silver, and 4 bronze; tops medal table for third straight para-title.
-
Egyptian companies dominate ready-made garment exports
Between 2023 and 2025, the sector experienced a notable boom in both the composition of exporters and export performance
-
Cairo metro line 1 gets 55 new trains
Cairo’s oldest metro route will also upgrade signalling systems and extend its service north to Shebin El-Qanater.
-
Egypt to implement second tax incentives package by June 2025
The new benefits include White List, Excellence Card, priority access to specialized services, and additional incentives for compliant taxpayers.
-
Cairo-Alexandria freight railway awarded to Egyptian-French consortium
The project is scheduled for launch midway through 2026 and slated for completion in 2030.
-
Egypt external debt hits $168 bln in 2023
Egypt’s total external debt increased to $168.06 billion in 2023, up from $163.09 billion in 2022.
-
New rental tiers leave 1.6 million old-rent tenants in Egypt in limbo
About 1.6 million households live in units under the old rent system, accounting for approximately 7% of all households in Egypt.