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The internet is changing with AI and Cloudflare is fighting it
Cloudflare’s move could create a new way for content creators to earn money when AI companies use their work.
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Egypt is turning sun and wind into its next big export
Egypt is rapidly building the foundation for a new kind of export economy—one powered not by fossil fuels, but by electrons and green molecules.
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Egypt begins paying long-overdue export debts
The Ministry of Finance has earmarked EGP 25 billion for disbursement in August, delivering on a key promise to inject liquidity.
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Egypt’s FY2025/26 budget in 12 easy points
As Egypt enters fiscal year 2025/26, the government lays out an ambitious budget centered on boosting efficiency and private sector.
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Oldest ancient Egyptian human genome reveals ties to Mesopotamia
In a first, researchers have sequenced the complete genome of a man from ancient Egypt, and the results reveal that he had ties with Mesopotamia.
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Eastern Company to cap cigarette price at EGP 45
Eastern Company CEO Hany Aman announced that cigarette prices will be capped at EGP 45 per pack starting Tuesday following recent tax bracket changes.
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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.
