News
-
Presidents of Russia and Egypt launch key stage of construction of first nuclear power plant in Arab Republic
Presidents Putin and El-Sisi launch reactor installation at El-Dabaa Nuclear Power Plant that will provide 10% of Egypt's electricity needs.
-
Abu Dhabi Ports acquires 19.3% stake in Alexandria Container & Cargo Handling for $278 mln
UAE's AD Ports Group acquires a 19.3% stake in Alexandria Container & Cargo Handling Company for EGP 13.2B ($278M) from a Saudi investment fund.
-
NAT Awards High-Speed Rail Contract
NAT signs a 15-year contract with Deutsche Bahn and El Sewedy Electric to manage the high-speed rail network linking Ain Sokhna and Matrouh.
-
IMF mission arrives Egypt on December 1 to conduct fifth, sixth reviews
PM Madbouly announces the IMF mission arrives December 1 to conduct the fifth and sixth reviews of Egypt's $8B economic reform program.
-
Industry ministry allocates 185,000 sqm for new industrial projects in 16 governorates
Industry Ministry allocates 185,000 sqm across 100 plots in 16 governorates for food, pharma, textiles, and engineering projects via digital platform.
-
UAE's Alcazar Energy, Siemens Gamesa partner to advance 500 MW NIAT wind project in Egypt
Dubai's Alcazar Energy Partners and Siemens Gamesa sign a partnership to develop, construct, and operate the 500 MW NIAT wind project in Egypt.
-
GUPCO achieves new oil discovery in Gulf of Suez
Gulf of Suez Petroleum Company (GUPCO) achieves new oil discovery in Gulf of Suez, according to Ministry of Petroleum announcement.
-
CBE holds interest rates steady, citing inflation risks and ‘wait-and-see’ approach
The Central Bank holds interest rates steady at 21% deposit and 22% lending, citing inflation risks and adopting a wait-and-see approach.
-
Egypt approves partnership program with EU to advance local-level reforms
Cabinet approves the draft Presidential Decree for the EU financing agreement supporting social and economic reforms at the local government level.
-
AUC elects Hassan Allam to its board of trustees
American University in Cairo elects Hassan Allam, CEO of Hassan Allam Holding and AUC alumnus, to Board of Trustees position.
-
New regulation restructures Egypt’s foreign filming process
A Cabinet-approved regulation establishes the Egypt Film Commission as the central authority overseeing permits, logistics, and coordination.
-
What if Tutankhamun had his own Instagram account?
His presence feels so vivid and real that you half-expect him to turn, flinch, or even smile back at you.
-
Egypt in Talks to Host Alibaba Regional Hub To Serve Africa
The hub will enhance intra-African trade, connect markets across Africa and the Middle East, and expand access to global platforms.
-
Egyptian Steel plans to launch a large-scale investment program worth $42.3 million
The company is modernizing its plants, building a limestone workshop, and aims to increase exports to 30%.
-
Egypt central bank to review key interest rates amid mixed expectations
The CBE has cut the interest rates by a total of 6.25 percent (625 basic points) since the beginning of 2025.
-
Egypt taps West Burullus offshore field to boost domestic gas supply
Production started after a well at the West Burullus field, with a tested output of about 45 million cubic feet per day, was connected to the grid.
-
Egypt transfers 265 kg of seized gold to Central Bank in landmark government move
Egypt’s Public Prosecution has delivered a large trove of confiscated gold, valued at nearly LE 1.65 billion.
-
Singapore’s Destiny Energy eyes USD 210 mn green ammonia project in SCZone
The project has a targeted production capacity of 53 tons of green hydrogen and 300 tons of green ammonia a day.
-
Egyptian National Railways signs locomotive overhaul contract
Engineering, project-management and supply chain activity will involve ADP’s base in London, Ontario.
-
Egypt launches 1st fully locally-made mobile slaughterhouse
The facility also includes a meat washing unit and a seal storage chamber, with a daily slaughter capacity of approximately 100 cows and buffaloes.