News
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Largest Ever Gold Mine Found in Egypt
A 3,000-year-old gold mining operation uncovered in Egypt’s Sukari Mountains reveals hidden secrets about the ancient world.
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Egypt, Algeria seek $5 bln trade growth
The two sides were looking to develop “large-scale projects” that meet domestic needs while opening export opportunities to markets.
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Can Stabilisation Lure Foreign Capital Back?
After several turbulent years marked by currency shortages, surging inflation and delayed reforms, Egypt’s macro outlook has begun to shift.
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Egypt to Launch Unified Card for Public Transport
By making public transport easier and smarter, the system nudges people away from private cars, easing congestion and reducing emissions.
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China invites Egypt to join tariff-free export initiative for 53 African nations
China has invited Egypt to join President Xi Jinping’s initiative that grants full tariff exemptions for exports from 53 African countries.
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Egypt sees a massive drop in egg prices
New farms entering operation in Egypt have pushed egg prices down by nearly 35% during the last several months.
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NUCA, Horizon Egypt seal EGP 15 B deal for landmark New Cairo development
Majid bin Saeed bin Rashid Al-Nuaimi, Chairman of Horizon, highlighted New Cairo’s strong economic fundamentals, modern urban planning.
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Egypt pushes local production in automotive sector
Minister of Industry and Transport Kamel El-Wazir held a meeting with representatives from 23 local bus and vehicle component manufacturers.
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Suez Canal targets $10.2B in revenues next year
Rabie emphasized that the return of these two major global carriers is expected to encourage other shipping companies to follow suit.
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El-Khatib reviews export burdens refund program’s budget
El-Khatib reviewed the program’s budget, which totals EGP 45 billion, including EGP 38 billion allocated to various export sectors.
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Egypt emerging as one of the world’s highest-potential digital trade markets
Egypt’s corporate sector is undergoing a fast-paced digital transformation that is reshaping how businesses engage with global supply chains.
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Eni plans $8 billion in new investments in Egypt over five years
El-Sisi expressed appreciation for the cooperation between Egypt and Eni, with the company contributing about 40% of Egypt’s natural gas production.
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British Airline Jet2 to Launch Direct Flights to Egypt in 2027
It will be introducing up to 14 weekly direct flights from several United Kingdom (UK) cities to Sharm El Sheikh and Hurghada starting February 2027.
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Egypt achieves 157% surge in gold exports during first 10 months of 2025
Egypt’s exports of gold, jewelry, and precious stones recorded a significant leap, reaching $6.76 billion in the first ten months of 2025.
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Revibe raises $17mln to accelerate expansion of refurbished-electronics marketplace
A new funding round led by Partech, with participation from E& Capital, Burda Principal Investments, and EQNX.
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China invites Egypt to join tariff-free export initiative for 53 African nations
China has invited Egypt to join President Xi Jinping’s initiative that grants full tariff exemptions for exports from 53 African countries.
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Labor Ministry steps up inspections to protect workers’ rights
The ministry conducts nationwide field inspections aimed at improving workplace safety and investment conditions.
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Egypt’s Budget Car Market Surges After Price Drops
Egypt’s budget car market surges as prices drop between EGP 750,000–900,000, with some models falling over EGP 350,000.
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Nasr Automotive registers LE 35M profit in FY2024/2025
The company resumed operations in November 2024 after being inactive for more than fifteen years.
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Egypt, Russia sign nuclear fuel purchase and wide-ranging cooperation pact for El-Dabaa
The signing coincided with the installation of the reactor pressure vessel for Unit 1 of the El-Dabaa plant.