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Egypt-Germany economic portfolio reaches $1.8bln
The two officials touched upon the financial cooperation agreement signed between Egypt and Germany in 2022, at a value of €118 million.
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Turkish denim manufacturer makes $20M investment in Egypt
Turkish textile company Şirikçioğlu Grubu is making a $20 million investment in Egypt’s Suez Canal Economic Zone (SCZone).
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Foreign investors rush to take advantage of Egypt’s renewables boom
The country and its north African neighbours are poised to become increasingly important energy suppliers to Europe.
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Egypt confirms acquisition of Chinese HQ-9B long-range air defence system
Egypt’s decision to acquire the HQ-9B stems from a combination of strategic, economic, and political factors.
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Gulf of Suez Wind Farm II now fully operational in Egypt
The 650-MW Gulf of Suez Wind Farm II in Egypt has been completed and has begun full commercial operation.
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Egypt’s textile exports jump to $493mln in 5 months
Hani Salam, Chairman of Textile Export Council, highlighted that the registered value accounts for 38% of the current year's target of $1.25 billion.
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El Sewedy Capital Signs MoU for Phosphate Exploration in El-Sebaeya Mines
After the signing, Badawi affirmed that the Egyptian mining sector is an important promising pillar of the national economy.
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Egypt on its way to digitally empowered future: IBM’s Lula Mohanty
Egypt’s commitment to public sector modernization, AI adoption, and ecosystem collaboration is setting it apart.
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Egypt, China Sign Big Chemical Factory Deal
This is a historic move that will enable us to shift from exporting raw materials to launching an integrated industrial value chain
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Banque du Caire’s flagship equity fund surpasses $20 million mark
This performance ranks the fund among the largest in the Egyptian market in terms of size.
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Egypt set to become regional industrial hub across ME, Africa
Egypt is set to become a regional industrial hub, attracting top global manufacturers with incentives and golden licenses.
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Agiba Petroleum unveils Arcadia West discovery in Western Desert
Agiba Petroleum unveils Arcadia West oil discovery in Egypt's Western Desert, boosting national oil and gas output.
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Global companies have confidence in Egypt’s investment climate
Jumia opens a new logistics hub in Egypt, signaling global confidence in its investment climate and digital economy growth.
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Egypt exceeds growth forecasts with 4.77% quarterly expansion, fastest in 3 years
Egypt's economy sees strong 4.77% growth in Q3, fueled by manufacturing, tourism, and telecom, signaling robust recovery.
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Egypt Accelerates Privatization Plans for Hurghada Airport
Egypt accelerates privatization of Hurghada Airport, part of a plan to boost tourism and modernize 11 major airports via PPP.
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El-Khatib heads to Prague to participate in Egyptian-Czech Joint Economic Committee
Egypt's Tax Authority sets a deadline for dispute settlements, reporting 36% revenue growth from digitalization and incentives.
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Egypt tax authority sets 30 June deadline for dispute settlement requests
Egyptian Minister in Prague to boost trade with Czech companies, seeking investment opportunities across various sectors.
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Fractional ownership gains ground in Egypt amid drive for innovation, market regulation
Fractional ownership rises in Egypt's real estate, democratizing investment amidst regulatory efforts and innovation drive.
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Egypt Launches EGP 160M Dialysis Filter Factory
Egypt opens an EGP 160M dialysis filter factory to cut imports, boost local supply, and save EGP 3B annually.
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Egypt PM heads to Spain for UN conference on financing for development
Egypt's PM attends UN FFD4, showcasing the nation's blended finance and de-risking tools for development.
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Egypt to offer Hurghada airport to private sector by end of 2025
President El-Sisi issued directives to proceed with developing Egyptian airports through international partnerships.
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Egypt pens $200mln deal with China’s Sunrev Solar to build solar energy complex in Sokhna
The project will be developed by Chinese company Sunrev Solar with total investments of $200 million.
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United Bank Ranks Among Egypt’s Top 50 Public Companies
Forbes’ ranking methodology was based on audited financial data collected from the Egyptian Exchange.
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Green light for VAT increase on cigarettes, alcohol and crude oil
The measure is part of a broader package of fiscal measures promoted by the government to reduce the budget deficit.
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Egyptian logistics startup Octane raises $5.2m to transform fleet payments across MENA
Founded in 2022, Octane is a Cairo-based fintech offering a closed-loop digital wallet for fleets.
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Egypt grants six exploration blocks in Mediterranean, Nile Delta, and North Sinai
Additionally, two onshore blocks in the Nile Delta and North Sinai were granted to IPR and Perenco, respectively.
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China's home appliance giant empowers local talent
The factory sits within the 200,000-square-meter Haier Egypt Ecological Park, officially opened in May 2024 in the 10th of Ramadan City.
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New BSH plant in Egypt marks milestone for future growth in the African market
This facility is the company's first production site on the African continent and represents a significant investment in the Egyptian market.
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Egyptian Firms Sign Final Contracts with Chinese Consortium to Build Chemical Plant
Egyptian participants in the project include leading fertilizer producer, Abu Qir Fertilizers, state-owned Misr Phosphate and others.
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Lloyd’s Register Signs Strategic Collaboration with DAI Infrastruktur for Green Ammonia Project
LR will deliver comprehensive advisory services for the landmark green ammonia production facility in Egypt.
