News
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Egypt claims 7 spots on Middle East’s best restaurants list
Egyptians are transforming traditional staples like koshari and kebabs into innovative culinary experiences that tell a story on every plate.
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Why renewable energy is Egypt’s next big opportunity
The country is on the cusp of harnessing its renewable energy potential to meet domestic demand, and reduce its reliance on fossil fuels.
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RiseUp Announced the Launch of the First Industry Focused AI summit in Egypt
RiseUp AI Summit will bring together a distinguished lineup of regional and international AI experts, tech investors, and business leaders.
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Egypt’s Qara targets Saudi Arabia following $2.6m funding round
Egypt-based supply chain technology company Qara is preparing to expand into Saudi Arabia, leveraging a $2.6 million funding round.
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Turkish ambassador highlights strong textile ties at Denim & Jeans exhibition in Egypt
The two-day exhibition brought together approximately 55 companies from 10 countries, including a notable representation of 26 Turkish companies.
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Samsung is the most popular brand globally
Samsung leads the global brand rankings for 2025. PayPal dominates in Germany. Vodafone is one of the strongest climbers of the year.
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Hilton Expands Egyptian Legacy with Opening of Nile-Maadi Hotel
The Hilton Cairo Nile Maadi, with 255 rooms and suites, recently opened in the urban Maadi district of Cairo. It offers views of the River Nile.
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Egypt boosts domestic short-staple cotton production in East Owainat
The project, now in its fifth year, is overseen by the Cotton Trading and Ginning Company, a subsidiary of the Holding Company for Cotton.
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Egypt Opens New Opportunities to Foster Innovation
Innovators and Geniuses Care Fund opened registration for the fifth round of the Researchers to Entrepreneurship Program at Egyptian universities.
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Egypt targets $115.8 bln in annual exports by 2030
Egypt aims to increase its annual exports to reach $115.8 billion by 2030, Prime Minister Mostafa Madbouly said on Tuesday.
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Egypt food industry exports grow by 21% in 2024
Chairman of the Food Export Council (FEC), Mahmoud Bazan, said Egypt's food industry exports grew by 21 percent in 2024, exceeding $6.1 billion.
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Egypt to launch 1st phase of customs facilitation measures
Minister of Finance Ahmed Kouchouk announced that Egypt will launch the first phase of customs facilitation measures for economic growth.
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Amid Egyptian and foreign selling, EGX begins February on a mixed note
The Egyptian Exchange (EGX) opened February with a mixed start, as EGX 30 fell 0.31%, while EGX 70 and EGX 100 rose amid Egyptian and foreign selling.
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$3B volume of trade exchange bet. Egypt and Kuwait
Trade between Egypt and Kuwait reached $3 billion in 2023, with investments from Kuwait in Egypt amounting to $4.5 billion across various sectors.
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Investment Minister meets Kuwait’s AREF Investment Group to explore expansion in Egypt
Egypt’s Investment Minister met with Kuwait’s AREF Investment Group to explore expanding their $120 million investments.
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House approves tax incentives, facilitation laws, boosting business confidence: Abdel Aal
Egypt’s House approved tax incentives and facilitation laws aimed at boosting business confidence by reducing tax burdens and simplifying procedures.
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CBE to offer a $1bn treasury bill tender on Monday
The Central Bank of Egypt (CBE) will offer a $1bn Treasury bill tender on Monday, using proceeds to repay a previous tender.
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MSMEDA injects over EGP 500m into MSME financing in January 2025: CEO
MSMEDA injected EGP 500 mil into MSME financing in Jan 2025, supporting 3,000 micro-enterprises with loans and investment in high-potential startups
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Financing costs to decline gradually as inflation eases: Finance Minister
Egypt’s Finance Minister expects financing costs to decrease gradually as inflation eases, supporting private sector growth and business reforms.
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Largest sovereign wealth fund reduces its holdings in Egyptian equities
Norway's sovereign wealth fund cuts its holdings in Egyptian equities from $134.6 million to $100.3 million amid broader market challenges.