News
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Egypt announces new global oil, gas exploration bid in Red Sea
The tender will be offered by the state-run South Valley Egyptian Petroleum Holding Company (Ganope) through the Egypt Upstream Gateway (EUG) online.
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Egyptian entrepreneurs turn TikTok fame into flourishing businesses
A new wave of Egyptian entrepreneurs is rewriting the rules of business growth, armed not with storefronts or ad budgets but with TikTok.
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Morocco’s Wafa Assurance To Acquire Majority Stake in Egypt’s Delta Insurance
The transaction is priced at EGP 40 per share, valuing the deal at approximately EGP 3.169 billion (around USD 67 million).
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Türkiye targets $25B trade with Egypt, Saudi Arabia in medium term
Bolat shared details about the meetings on his social media account, saying that Ankara targets $25B trade with Cairo and Riyadh in the medium term.
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Egypt establishes silo project to expand wheat storage capacity
The project covers the construction of around 50 silos in 17 governorates, adding new storage capacity of up to 1.5 million tons.
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IFC commits $60 mln to support small businesses, job creation in Egypt
They signed two new financing agreements worth $60 million to support small businesses and promote inclusive growth in Egypt,
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Egypt’s vision 2030 places human being at core of development
Egypt’s path of development is based on a clear philosophy on the human being as outlined in the 2014 Constitution.
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Grand Egyptian Museum draws 18,000 visitors on first public day
The Grand Egyptian Museum drew about 18,000 visitors within hours of its public debut, Egyptian officials said on Monday.
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Al Mansour Automotive breaks ground on USD 150 mn MG manufacturing plant
The Industry Ministry aims for this new factory to serve as a basis for a future automotive city.
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Private sector slowdown eases as Egypt’s PMI rises to 49.2 in October
The PMI rose to 49.2, up from 48.8 in September, signaling that business conditions are nearing stability.
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The Grand Egyptian Museum is new symbol of national identity
Egypt aims to boost tourism by up to 20%, showcasing its heritage and scientific capabilities.
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Egypt raises EGP 3 bln in first domestic sovereign sukuk issuance
Egypt’s Ministry of Finance has completed its first sovereign sukuk issuance for the domestic market, raising EGP 3 billion through the primary dealer
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Egypt, Lebanon sign MoUs to enhance economic, development cooperation
During the committee’s activities, Lebanese Minister of Economy and Trade, Amer Bisat, reaffirmed the depth of relations with Egypt.
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Egypt and Slovakia Sign Agreement for Joint Committee on Economic Cooperation
Minister Al-Mashat said that she looks forward for the Joint Committee to build upon the achievements in economic relations between the two countries.
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BP Begins Production from New Well in Egypt’s West Delta Deep Marine Project
Egypt moves closer to finalizing an agreement to export 650 million cubic meters of natural gas annually to Lebanon through the Arab Gas Pipeline.
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Talaat Moustafa’s Icon is setting up a luxury tourism project near GEM
Talaat Moustafa Group’s (TMG) Icon is setting up a USD 788 mn luxury tourism project behind the newly-inaugurated Grand Egyptian Museum.
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Egypt, Qatar to sign major investment deal to activate Qatari package in Matrouh
Both leaders stressed the importance of moving forward with the memorandums of understanding signed during that session.
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Egypt financial system remains resilient despite global challenges
Egypt’s foreign exchange reserves rose to $47.8 billion in March 2025, sufficient to cover short-term external debt and over six months of imports.
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Egypt’s Car Industry Drives USD 891M in Exports in 9 Months
Egypt’s car and auto component exports hit USD 891M in nine months, rising 9% year-on-year amid sector recovery.
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Egypt leads Africa’s games market with $368m in revenue
Nigeria tops the continent in player count with 46.5m gamers generating nearly $300m.