News
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CIB, CI Capital complete EGP 3.4bn securitisation bond issuance for Halan
This issuance falls under a three-year bond programme totaling EGP 8bn, approved by the Financial Regulatory Authority
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ECMR Partners with Ferchem Masr to Build Two Phosphate Plants
Established in 2003, ECMR serves as the economic arm of the Mineral Resources and Mining Industries Authority
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PM updated on infrastructure, security systems projects at Egyptian airports
Hefni explained during the meeting the latest in the ministry’s plans in Egyptian airports upgrade projects and quality and operational standards
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Egypt Brings Crafts and Heritage to Life at Turathna Exhibition 2025
The fair offers free admission and a marketplace alive with color and craftsmanship. Visitors can browse thousands of handmade pieces.
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Visa launches stablecoin prefunding pilot to accelerate cross-border payments
Digital payments leader Visa has launched a new pilot programme through its Visa Direct platform, aimed at streamlining cross-border transactions.
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Saint-Gobain Egypt targets doubling exports to Africa to €120m annually
Saint-Gobain aims to double its export volume to €120m following the completion of its new plant in Ain Sokhna.
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Egypt allocates LE 10B for Sinai development projects
Al-Mashat announced that LE 10 billion in public investments have been allocated for North and South Sinai under the FY 2025/2026 plan.
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Egypt to launch 2nd tax incentives package by end October
Minister of Finance Ahmed Kouchouk announced that the government will introduce a second package of tax incentives by the end of October.
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Egypt, Norway sign letter of intent to finance Dandara Solar Project
The solar plant will provide a substantial portion of Egyptalum’s electricity needs, reducing greenhouse gas emissions by up to 30 percent.
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ENPPI, Petrojet, and EMC Join ENR Top 250 List
The list ranks the world’s top 250 international contractors based on revenue generated from projects outside their home countries.
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Egyptian Drug Authority outlines strategy to localize pharma manufacturing
A key focus of the meeting was the EDA’s vision for modernizing the pharmaceutical system and aligning with international standards.
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Rising Nile Floodwaters May Hit Menoufia and Beheira
Sewilam also mentioned that emergency measures are in place, with authorities working to safeguard public safety in the affected regions.
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Egypt offers 386 ready-to-use industrial units for entrepreneurs
The Ministry of Industry and Transport announced on Sunday the availability of 386 fully equipped industrial units across 12 industrial complexes.
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QatarEnergy Acquires 27% Participating Interest in Offshore Egypt Block from Shell
Chevron also holds a 27% participating interest and Egyptian oil and gas firm Tharwa Petroleum Company holds 10%.
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IMF sees signs of stabilization in Egypt’s economy, urges push for further structural reforms
Kozack highlighted a significant decline in annual inflation to 12% in August, improved investor sentiment, and stronger-than-expected performance.
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Egypt opens Amenhotep III's tomb to public
Egypt opens Amenhotep III's tomb to public, after over 20 years of renovation.
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CBE cuts key interest rates by 100 bps
Central Bank of Egypt slashes key interest rates by 100 basis points, with overnight deposit rate dropping to 21% and lending rate to 22%.
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Competitive Neutrality Law boosts tax revenues, private sector trust
Finance Minister says Competitive Neutrality Law implementation strengthens fair competition and government's private sector-driven economy pledge.
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US dollar price in Egypt now returns to its true value
US dollar returns to "true value" of LE47 from unjustified LE52 peak. Economist predicts stability through year-end amid improved indicators.
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Total agricultural exports hit 7.5 million tons so far
Egypt's agricultural exports surge to 7.5 million tons this year, up 650,000 tons year-over-year, per Agriculture Minister Alaa Farouk.