News
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India’s Jai Dadi Group launches $16m Nile Ferro Alloys plant in Sinai’s Technology Valley
Its output will serve critical sectors including infrastructure, heavy engineering, and railway component manufacturing.
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Billionaire Ahmed El Sewedy's Elsewedy Electric launches a new generator range to power Egypt's industrial expansion
Ahmed El Sewedy's Elsewedy Electric has launched a new generator range spanning 9 to 2,750 kVA, expanding its power generation portfolio for Egypt.
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Egypt issues $500 mln Yen-denominated sustainability samurai bonds
Egypt issued 80 billion yen ($500 million) of sustainability-linked Samurai bonds in Japan, marking its latest return to international debt markets.
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Electricity, petroleum ministers review plans to meet peak summer power demand
Electricity demand is forecast to increase by around 8% compared with last year, driven by higher consumption and peak loads.
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Egypt’s tourism sector continues its upward trajectory, seeking new phase beyond beaches and resorts
The report noted that the number of tourists arriving in Egypt rose from around 13 million in 2019 to 19 million last year.
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BrainsMingle Raises USD 400K to Scale Its AI Professional Networking Platform
Professionals increasingly rely on a patchwork of tools to network, host events, manage bookings, and monetize their expertise.
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Egypt: PRE Group's Q1 2026 consolidated profits soar 337.7% YoY
The company posted consolidated net profit of EGP 323.668 million for the period from January to March 2026.
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Egypt, Switzerland sign $1.7m grant for e-waste recycling project
The Circular Electronics Initiative will support the development of an integrated framework for the reuse/recycling of electrical and electronic waste
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Egypt finalizes unified tender documents to support local manufacturers, SMEs
The law aims to support local industry, increase the use of locally made components in projects, and promote manufacturing localization.
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Dana Gas discovers larger-than-expected gas reserves in Egypt
Dana Gas said that within the licence area, it could contribute approximately 12 Bcf of future gas resources once developed.
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Can Egypt new budget deliver growth while reducing debt?
The government's new budget targets a narrower fiscal deficit, lower public debt, stronger economic growth driven by higher investment and exports.
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Scatec commits $5bn to Egyptian renewables and data centers as government prioritises green industries
Norway’s largest solar developer doubles down on Egypt with a $5bn two-year commitment.
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Egypt: transforming competition law with bold reforms and digital market oversight
Key developments include new definitions criminalising concerted practices, a presumption-based dominance test, and strengthened merger control rules.
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Orascom Pyramids plans to raise Giza Plateau investment to EGP 2 bn
Plus: Korra Energi lands EGP 470.7 mn contract for GennVax’s Ain Sokhna vaccine plant.
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Will gold prices continue to decline?
Gold has proven over the years its ability to preserve the value of money and generate long-term gains for investors.
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Fawry NARD team up to boost POS digital payment solutions for retailers in Egypt
Since 2008, Fawry has become the largest e-payment provider in Egypt in the non-banking financial services sector.
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Industry minister discusses Schneider Electric’s expansion plans, local manufacturing strategy
The production facility in Badr City currently operates with a local content ratio of 80%, exports approximately 50% of its output to 35+ countries.
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Egypt to Host Global Entrepreneurship Festival This November
The event is expected to bring together more than 10,000 participants from over 70 countries.
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Egypt to privatize four state-owned companies
Three of the companies are from the oil and gas sector, The fourth firm added to the block is Maamoura for Reconstruction and Tourism Development.
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Egypt, Norwegian Jotun Paints explore higher local sourcing
Egypt is seeking to increase the percentage of locally sourced components in manufacturing with multinational Norwegian paint manufacturer Jotun Paint