News
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Egypt discusses cement sector expansion and price stabilisation measures
Cement manufacturers continue to submit monthly production reports to the General Authority for Industrial Development (IDA).
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Egypt sends largest-ever aid convoy to Gaza since new ceasefire
The convoy began moving early Sunday morning around 6am local time, marking the first large-scale delivery of aid since the Gaza ceasefire took effect
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Foundever® Opens First Offshore CX Hub in Upper Egypt with New Luxor Contact Center
The new site launches with 200 seats and will expand to 400 full-time employees by December 2026.
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Saudi Bugshan is eyeing Egypt’s auto market
Bugshan also likes the idea of local assembly and manufacturing, pointing to the government’s incentive program for localizing the auto industry.
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Egypt promotes new economic model to European partners in Brussels
Egypt launches new economic development narrative in Brussels, focusing on structural transformation, private sector empowerment, and tradable sectors
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CBE launches new fund to drive transformation, competitiveness in banking sector
The Central Bank launches Banking Sector Support and Development Fund to strengthen resilience, competitiveness, and technological capacity of banks.
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Egypt’s garment exports hit record as Turkish, Chinese firms shift production
Garment exports surge 23% to a record $2.21B as Turkish and Chinese firms relocate production. Projected to reach $5B by 2030 per AECE data.
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Egypt keen to facilitate procedures for gas exploration projects, Sisi affirms to ExxonMobil
President Sisi emphasizes state commitment to natural gas exploration as he meets ExxonMobil VP of Global Exploration John Ardill on Sunday.
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Egypt clinches ISO presidency, 1st for the Arab world
Egypt was elected to lead the International Organization for Standardization (ISO) after securing 63 votes against Argentina in a competitive race.
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Why Your Favourite Brands Keep Vanishing from Egyptian Shelves
Imported brands vanish from shelves due to FX squeeze, compliance rules, and inflation. $79B in goods cleared but availability remains uneven.
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Egyptian industry body proposes low-interest home loans linked to unit size
Real estate body proposes state-backed low-interest home loans linked to unit size to help lower- and middle-income groups access housing.
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Egypt unearths New Kingdom military fortress on Horus’s Way in Sinai
Egypt unearths a massive New Kingdom military fortress on Horus's Way in Sinai, spanning 8,000 square meters with 11 defensive towers discovered.
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Ancient port discovery off Egypt’s coast brings archaeologists closer to Cleopatra’s lost tomb
Submerged ancient port discovered near Taposiris Magna may lead to Cleopatra's tomb. Site features structures, columns, and Ptolemaic artifacts.
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France Handed Over New Rafale Fighters to Egypt
Egypt receives a batch of Rafale F3R fighter jets from France under a 2021 defense contract, bolstering military aviation capabilities.
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Standard & Poor’s raises Egypt’s rating to ‘B’ with stable outlook
Standard & Poor's upgrades Egypt's sovereign credit rating to "B" with a stable outlook, signaling improved creditworthiness and confidence.
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Why Egypt’s $30B Remittance Fintech Market is Ripe for Disruption
Egypt's $30B remittance market faces fintech disruption as startups like Munify, Telda, and Paynas rebuild corridors and reshape financial access.
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Egypt’s annual headline inflation hits 10.3% in September
Egypt's annual inflation drops to 10.3% in September from 11.2% in August, showing continued moderation in price pressures per CAPMAS data.
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Egypt’s BoP records $2.1 bln deficit in FY24/25 despite strong remittances, tourism gains
Egypt's balance of payments swings to a $2.1B deficit in FY2024/2025 from a $9.7B surplus the previous year, per Central Bank data released Wednesday.
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Egypt reports record 7.5 million tonnes in agricultural exports
Agricultural exports hit a record 7.5M tonnes, with citrus leading at 1.9M tonnes. Egypt now exports 405 products to 167 countries.
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Upcoming Egypt–EU Summit to mark milestone in strategic partnership
Planning Minister says upcoming Egypt-EU Summit on October 22 in Brussels will strengthen strategic comprehensive partnership between both parties.