News
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Over 2.4 Million People Donated Blood in Egypt Over Five Years
Egypt’s national blood transfusion services have undergone extensive upgrades over the past five years.
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Egyptian parliament approves of new national budget plan
FY2025/2026 targets real GDP growth of 4.5 percent. This represents a significant increase from the 2.4 percent growth recorded in FY2023/24.
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Egypt faces exceptional water challenges
Egypt in particular faces exceptional water challenges due to its low rainfall rates and its status as one of the driest countries in the world.
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SCZone inks $18 mln deal with Turkish company to establish spinning factory
SCZone has signed a $18m agreement with the Turkish company Ulusoy Tekstil San. Tic. A.Ş to build a yarn and spinning factory.
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Egypt pens $200mln deal with China’s Sunrev Solar to build solar energy complex in Sokhna
The project is among the largest industrial investments in renewable energy components within the zone.
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House of Representatives’ Housing Committee approves new “old rent” law
The draft law stipulates an appropriate transitional period before terminating old lease contracts.
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Egypt-Serbia Trade Triples to $300 Million Amid Strengthening Bilateral Ties
This is up from $94 million in 2022—marking a significant leap in economic cooperation between the two countries.
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Landmark arrivals cement Egypt Sokhna Port’s role in global trade: DP World
DP World Egypt has reinforced Ain Sokhna Port’s role as a linchpin in Egypt’s economic, industrial, and tourism ambitions.
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Egypt Introduces Smart Baggage Tech to 11 Airports
Egypt is modernising 11 airports with smart baggage systems and AI oversight to reduce mishandling and improve passenger flow.
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Egypt targets 4.5% growth amid regional uncertainty
Egypt’s parliament has approved the national budget for fiscal year 2025/26, which begins on 1 July.
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Egypt’s Octane raises $5.2 million to digitize fleet payments across MENA
The new funding will be used to expand Octane’s regional footprint, acceptance network, and AI capabilities, including fraud detection and route opt.
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FDIs in emerging markets, developing economies fall to lowest levels since 2005
In 2023, EMDEs collectively received $435 billion in FDI, marking a significant decline.
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$265 Million MoU Signed to Expand Branded Hotel Capacity in Egypt
This initiative is part of Egypt’s broader strategy to elevate its position as a premier global tourism and investment destination.
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IKEA Egypt recalls a kitchen gadget over safety risk
Swedish home furnishings giant IKEA issued an urgent recall in Egypt on Tuesday for its IKEA 365+ VÄRDEFULL black garlic press.
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Century Cruises growing in US and Europe, plans Egypt newbuilds
The company is expanding in Europe and Egypt, where it's investing in shipyards, with new vessels planned.
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Egypt gains ground in global blueberry trade
The IBO reported 80 hectares dedicated to Egyptian blueberries in 2022, although some dispute these figures
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Morocco’s Wafa Assurance eyes Egypt’s Delta Insurance
The Moroccan insurance company offers a price of 40 Egyptian pounds per share, valuing Delta Insurance at almost $100 million.
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Egypt sets up crisis committee to monitor repercussions of Iran-Israel war
The former Governor of the Central Bank of Egypt, Mahmoud Aboul-Eyoun, expressed his concerns about the impact on foreign exchange earnings.
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Egypt to offer Hurghada airport to private sector by end of 2025
President El-Sisi issued directives to proceed with developing Egyptian airports through international partnerships.
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Moses Bridge to connect Saudi Arabia
Saudi Arabia and Egypt plan to build a bridge across the Red Sea, providing millions of people with direct access to the futuristic city of The Line.