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Central Bank of Egypt Cuts Interest Rates by 2% as Inflation Slows
The Central Bank of Egypt cuts interest rates by 2% to 22% as inflation slows to 13.9%, the first reduction since March 2024 supporting growth.
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Egypt’s dollar resources hit record high of $8.5 billion
Egypt's dollar resources hit a record $8.5B in July, with remittances at $3.6B and foreign reserves reaching $49B amid economic recovery.
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Chinese president reaffirms support for expanded investment in Egypt
Chinese President Xi pledges expanded investment in Egypt's renewable energy and EVs, with $17B trade volume and 3,050 Chinese companies.
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Egypt’s new plan projects GDP at LE 20.4 TN, investments at LE 3.5 TN
Egypt's 2025/26 development plan targets a GDP of LE 20.4 trillion with LE 3.5 trillion in investments as the new fiscal year begins.
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Egypt signs $340 million oil, gas deals with global firms
Egypt signs $340M oil/gas exploration deals with Shell ($120M) and Eni ($100M) in the Mediterranean and Nile Delta to boost declining production.
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Egypt Tourism Sector Hits a Remarkable Milestone, Surpassing Twelve dollars and fifty cents Billion in Revenue
Egypt's tourism revenue surges 14.7% to $12.5B in 2024/25, targeting 30M visitors by 2028 with EGP 50B infrastructure investment.
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Turkish UAVs manufacturer HAVELSAN aims for African market with Egypt deal
Turkish UAV manufacturer HAVELSAN partners with Egypt's AOI for joint production of autonomous drones, targeting African market expansion.
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Four EU countries and Egypt make up top five US LNG importers
Egypt ranks among the top 5 US LNG importers alongside 4 EU countries, as Europe uses American gas to replace Russian supply amid trade shifts.
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ÈLM Developments launches its first project “ÈLM Tree” offering green views and competitive prices in West Cairo
ÈLM Developments launches the EGP 10B "ÈLM Tree" project in 6th October City, offering a green residential community in West Cairo.
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Will Central Bank of Egypt cut interest rates again amid economic shifts?
The Central Bank of Egypt considers cutting interest rates amid slowing inflation and a strengthening pound after 18 months of tightening policy.
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Egypt’s IT market to grow from $3.5B in 2025 to $9.2B by 2031
Fitch Solutions predicts significant growth for Egypt’s information technology market, forecasting it will rise from $3.5 b in 2025 to $9.2 b by 2031.
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Total lunar eclipse to be seen from Egypt on 7 September
The spectacle will be in full view across Egypt and Africa, as well as all other locations where the moon will be above the horizon.
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Top 10 marketing trends Egyptian marketers must watch in 2025
Here are the 10 marketing trends shaping 2025 and the age of AI that Egyptian brands and agencies should pay attention to.
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Egypt bets on AI to transform its tax system
The integration of AI is set to accelerate these gains while addressing long-standing structural inefficiencies.
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How Egypt saved $3.6 billion in fuel imports?
The savings were made possible by a combination of higher domestic output, stabilization of gas production, and new investments.
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9 facts about Egypt’s new initiative to revive stalled factories
Egypt is moving ahead with a large-scale financing initiative aimed at reviving thousands of stalled factories across the country. Here are nine facts
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Egypt sees highest monthly USD inflow of $8.5 billion in July
Egypt recorded its highest-ever monthly inflows of US dollars in July, reaching $8.5 billion, Prime Minister Mostafa Madbouly said on Wednesday.
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Days off for Prophet’s Birthday in Egypt for public/private sectors
According to the Prime Minister’s decision, Mawlid al-Nabi will fall on Thursday, September 4, corresponding to Rabi’ al-Awwal 12, 1447 AH.
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Egypt’s SCZONE signs two projects with $11m in foreign investment
The $7m project will be built on an area of 30,000 square metres, is expected to create 500 direct jobs, and aims to export 90% of its production.
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Three new wells drilled at Zohr to boost gas production
The Egyptian Ministry of Petroleum, Karim Badawi, announced on Tuesday, August 26, the drilling of three new wells (Zohr 6, Zohr 9, and Zohr 13)
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A New Agiba Western Desert Exploration Well to Add 3,100
This discovery, funded by Eni investments, confirms that there are good oil and gas prospects in the Western Desert.
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Public Sector wages Rise 11.6 percent in FY 2023/2024
Wages for employees in the public sector rose by 11.6 percent in FY 2023/2024, reaching EGP 43.3 billion compared to EGP 38.8 billion in FY 2022/2023.
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Moody’s to Increase Ownership in Egypt's MERIS Ratings
The transaction extends the long-established partnership between the companies and deepens Moody’s presence in the Middle East and Africa.
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Dokki's Agricultural Museum Reopens After Lengthy Hiatus
The museum features old machinery, statues of plants, birds and animals, and depictions of long-surviving farming traditions.
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Egypt looking into new measures to encourage IPOs and push privatization program
Egypt aims to attract more companies to list on the stock market, deepen market liquidity, and broaden investor participation.
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Egypt finalises preparations to produce new passenger car models
The ministry is committed to expanding the range of vehicles manufactured locally.
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2025’s best Certificate of Deposit with the highest return in Egyptian banks
The Arab African International Bank (AAIB) has launched the Four-Year Bullet Certificate of Deposit, offering a cumulative return of up to 100 percent
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Cairo to host Egypt-Gulf Trade and Investment Forum in November
The delegation included senior economic advisors from the GCC Secretariat, alongside representatives from several Egyptian ministries and state bodies
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Islam Azzam named Chairman of Egyptian Exchange
Prime Minister Mostafa Madbouly has appointed Dr. Islam Azzam as Chairman of the Egyptian Exchange for a one-year term.
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Egypt’s food exports rise 6%
Over the past decade, Egypt’s food exports have more than doubled, rising from $2.7 billion in 2015 to $6.1 billion in 2024.
