News
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Egypt Launches Major Plan to Revitalize Historic Downtown Cairo
Among the sites proposed for redevelopment are the Cosmopolitan Building, Omar Effendi Building, and Shamla Building.
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PM Madbouly inspects Egypt-Saudi power link station in Badr City
The project consists of three high-voltage converter stations, one in eastern Saudi Arabia, one in Tabuk, and one in Badr City east of Cairo.
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Egypt Prepares for Return of Suez Canal Transit Early Next Year
Suez Canal revenues dropped 45.5% to $3.6 billion during fiscal year 2024/2025, compared to $6.6 billion a year earlier.
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SehaTech closes $1.1 million seed to expand AI-powered health insurance
Egypt-based insurtech SehaTech raised $1.1 million in a seed round, bringing total funding to $2 million, to advance its AI-driven health insurance.
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Grand Egyptian Museum to open to public after official inauguration
The museum opens Nov. 4 near the Giza Pyramids, exhibiting more than 100,000 artifacts, including Tutankhamun’s full treasure collection.
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Egypt’s exports hit $30bn in first 7 months of 2025
The value of exports from January to July 2025 rose to $29.9 billion compared to $25.5 billion during the same period of 2024.
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5 Global Companies Considering Acquisition of Jabal El-Zeit Wind Farm in Egypt
Five global investment companies have begun a due diligence examination in preparation for acquiring the Jabal El-Zeit wind farm.
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Egypt Introduces New Tourism Strategy: Heritage Tourism, Eco-Resorts and MICE Infrastructure
The strategic approach will seek to develop a more diverse and sustainable tourism sector, combining historical depth, modernity, and eco-tourism.
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Egypt's Petrojet given $1 billion Algerian oil project contract
Egypt's Petrojet has been awarded a $1 billion preliminary contract to develop the second phase of the Hassi Bir Rekaiz oil field project in Algeria.
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Egypt's Advertisers of the Month for September: Amazon, Mall of Egypt and Maggi
Amazon leads September with a +7.8-point Ad Awareness rise, supported by its Back to School campaign, 0% installment offers with major banks
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Why major music events at Egypt’s Pyramids could soon be banned
Egyptian rights group files lawsuit to protect the ancient site from damage caused by large-scale events.
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Egypt Increases Domestic Fuel Prices by 10-12 Percent
The price of 80-octane gasoline climbed to EGP 17.75 (USD 0.37) per liter, compared to EGP 15.25 (USD 0.32) previously.
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Egypt-Saudi Power Link Set for Full Operation by April 2026
Egypt-Saudi 3000 MW electricity interconnection set for full operation by April 2026, linking region's two largest grids via 1350 km infrastructure.
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Egypt’s Al-Mashat discusses MIGA portfolio, second EU assistance tranche with officials
Egypt discusses expanding MIGA's $709M guarantee portfolio and the second EU assistance tranche from the €4B macro-financial program.
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India and Egypt strengthen strategic partnership with focus on innovation and sustainable growth
India-Egypt hold inaugural Strategic Dialogue expanding cooperation into startups, AI, space, fintech, and cyber technology with private sector focus.
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Mitsubishi Power completes hydrogen fuel conversion at major Egyptian refinery
Mitsubishi Power completes pioneering 100% hydrogen fuel conversion at Alexandria refinery, reducing natural gas consumption by 24,000 tons annually.
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Infinity Fabric to build $15mln yarn, textile factory in Egypt's Sokhna industrial zone
SCZONE signs contract with Infinity Fabric for $15M yarn and textile manufacturing facility in Sokhna Industrial Zone expansion project.
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From Aid to Empowerment: How Microloans Are Changing Lives Across Egypt
UNDP-EU microloan program provides 869 loans to Takaful beneficiaries across eight governorates, achieving 100% repayment rate for small enterprises.
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Egypt’s government moves fuel prices, freezes further hikes for at least one year
Government increases fuel prices by nearly LE 2 across petroleum products, marking the second hike this year amid the subsidy reduction program.
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Egypt, Malawi discuss strengthening trade and investment ties
Egypt-Malawi ambassadors discuss boosting bilateral trade in food, construction, petrochemicals, and pharmaceuticals.