News
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Egypt’s unemployment rate eases to 6.1% in Q2 2025
Egypt's unemployment rate falls to 6.1% in Q2 2025, as labor force grows to 33.6 M and employment rises while jobless numbers drop.
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Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation
Egypt and UNDP reviewed climate, biodiversity, Red Sea protection, and community green initiatives, cementing long-term environmental partnerships.
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Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures
Egypt captures 315,000 m³ of rainwater in Sinai during August storms, boosting flood resilience via dams, artificial lakes, and underground reservoirs
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Egypt aims to attract potassium investments
Egypt seeks investors for potassium, kaolin, iron ore, and geopolymer plants, offering incentives and access to over 70 markets with zero tariffs.
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Egypt, Jordan strengthen digital ties with Coral Bridge Cable
Egypt and Jordan launch the Coral Bridge submarine cable, enhancing connectivity between Asia, Africa, and Europe.
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El Nasr to resume automotive production
During his tour, the minister reviewed operations at the bus factory, which is currently producing several models, including the “Nasr Sky”.
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Sailun Group plans billion-dollar project in Egypt
The Sailun Group, already one of the fastest-growing tire manufacturers , is apparently planning to build a tire factory in Egypt.
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Breadfast raises $10 million from the EBRD for its expansion
This transaction values the company between $382 and $400 million. The funds will be used to strengthen distribution centers in Cairo, Giza
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Infinity Power reaches fin close on 200-MW wind farm in Egypt
The Ras Ghareb wind farm has a power purchase agreement (PPA) in place with EETC.
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Egypt, China explore agricultural research partnership
The collaboration aims to boost Egypt’s food security and narrow gaps in strategic crops like rice, maize, and soybeans.
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Egypt moves to scale organic fertilizer from agricultural, livestock waste
The government plans to advance projects that maximize the use of agricultural residues, slaughterhouse waste, and animal manure into biogas.
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Chinese Trina Storage completes Egypt 1st utility-scale solar facility in Aswan
Trina Storage, a subsidiary of global solar giant Trinasolar, announced on Tuesday the completion of a 300 MWh battery energy storage system (BESS).
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Egypt, Jordan launch first direct submarine cable link in 25 years
Stretching 15 kilometers across the Gulf of Aqaba, the high-capacity cable is equipped with advanced optical fibers designed to handle soaring demand.
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Egypt’s Foreign Exchange increases despite Suez Canal income drop
Suez Canal revenues have been affected by tension in the Red Sea in the past two years.
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Grand Egyptian Museum to Temporarily Close Ahead of November Opening
Parts of the museum, including sections of the main gallery, have been open to visitors, attracting tens of thousands of tourists this year.
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Egyptian Banks Raise Traveller Cash Limit to USD 10,000
Major banks have raised the traveller withdrawal limit to USD 10,000, lowered credit card foreign currency fees, and lifted travel verification.
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Egypt launches VR experience at Giza Pyramids to boost tourism
The initiative is part of a broader modernization plan to update traditional sound-and-light performances with new technologies.
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Egypt inks $1B deal with China's Sailun Group for tire factory
China has been looking to step up its economic activity in Egypt, including in projects involving ports, green hydrogen, industry and space.
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Egypt PM defends plan to offer state-owned lands for private investment
We have assets that are abandoned or not optimally utilised, meaning land on the Nile is used as a warehouse or a public transport garage!
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Egypt Accelerates Waste Reforms and Targets 60 Percent Recycling by 2027
Egypt to increase recycling rate to 60 percent by 2027, a significant rise from 10 percent in 2018 to 37 percent in 2024.