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Egypt debt on track to hit lowest level since 2016 by 2030
Egypt’s general government gross debt is projected to decline steadily through 2030, reaching its lowest level since 2016, according to the IMF.
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Egypt’s tourism sector sees 21% surge in 2025
Egypt is on course to meet its goal of between 17.5 and 18 million tourists by the end of the year.
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Egypt extends EGP 90 bln in financing to boost industry, agriculture, and renewable energy
The Egyptian government has announced the continuation of its flagship initiative to support productive sectors.
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Egypt explores cooperation with Chinese firms to advance robotic surgery
The collaboration aims to localise robotic surgery technology across public hospitals, enhance surgical precision and patient outcomes.
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Egypt Nurtures Its Honey Heritage Through Rich Flora
As of 2022, the number of beekeepers in Egypt was reported at about 270,000, and the number of apiaries was 10,220.
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Avrio Gold to launch new jewellery, bullion factory in early 2026
Avrio Gold, a company specialising in gold trading and jewellery manufacturing, is preparing to open a new factory for producing gold jewellery.
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Egypt, UAE partner to advance Egypt–Europe electricity link via Italy
Under the agreement, both sides will prepare and execute the technical, environmental, and financial feasibility studies required to advance.
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Egyptian billionaire Nassef Sawiris seeks to invest $50 billion in the US
OCI Global and Orascom Construction announced a potential merger on Monday.
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Egypt Launches First National Carton Recycling Campaign
The initiative has achieved a significant environmental milestone by collecting around 4,000 tons of used carton packages for recycling.
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Egypt presents ‘new economic narrative’ focused on real economy at G-24 meeting
Al-Mashat said the new narrative is a continuation of the economic reform path and aims to capitalise on advanced infrastructure.
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2026 to mark turning point for Egypt’s economy
Egypt’s economy is poised for a major shift in 2026, driven by industrial expansion, rising exports, and continued growth in tourism and telecom.
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Egypt, Saudi Arabia accelerate electricity interconnection project toward 2026 operation
The Egypt–Saudi interconnection project, designed to transmit up to 3,000 megawatts of electricity, comprises three major high-voltage substations.
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Egyptian companies eye major role in Gaza reconstruction effort
Several firms expressed their readiness to participate in rebuilding efforts, citing a significant surplus of construction materials and capacity.
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Over 15K people attend controversial Anyma concert at Giza Pyramids
The Giza Pyramids area witnessed one of its largest and most unusual musical performances, sparking both praise and controversy.
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Egypt eases rules to revive stalled industrial projects
The Ministry of Industry and Transport has rolled out a new package of regulatory facilitations and grace periods for delayed projects.
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Shell ships Italy-bound LNG cargo from Egyptian plant
A shipment of liquefied natural gas (LNG) is on its way to Italy from Egypt on board a vessel operated by the UK-headquartered energy giant Shell.
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Egyptian youth entrepreneur transforms fish waste into marine collagen
At just 25, Egyptian entrepreneur Ahlam Fathy is leading a new wave of green innovation by transforming fish waste into valuable marine collagen.
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Egypt unveils $5.7B exploration drive to boost oil, gas output by 2030
The plan includes drilling around 480 exploratory wells with total investments exceeding $5.7 billion, marking one of Egypt’s largest exploration.
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IMF sees Egypt accelerating toward 2026 recovery as inflation eases, regional peace takes hold
Egypt’s economy is showing stronger-than-expected momentum heading into 2026.
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For the first time in Egypt, Banque Misr has partnered with Moody's to adopt the TP Catalyst Platform
The initiative is dedicated to enhancing principles of transparency and promoting exemplary governance practices.
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Egypt’s El Dabaa nuclear plant achieves milestone as reactor welding progresses
The first reactor vessel for Egypt’s El Dabaa nuclear plant has been assembled by Russian energy utility Rosatom.
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The Grand Egyptian Museum: A Modern Marvel Unveiled
2025 promises to outshine even this success, with a substantial 22% rise in tourist arrivals during just the first seven months. This amounts to 10.4m
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Egypt aims for $12 billion in FDI by 2025
The country aims to increase its foreign direct investment (FDI) flows by 20 to 30% by the end of 2025, to reach around $12 billion.
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Midar and Sodic to develop EGP 110 bn wellness-focused project in New Cairo
Under the agreement, Sodic will develop a 500-feddan plot under a revenue-sharing model. The project is Midar’s second major partnership in Mada.
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S&P upgrades Egypt’s rating to ‘B’ as reforms drive a rebound in economic growth
According to S&P, the reforms undertaken over the past 18 months by the authorities, including the liberalization of the foreign exchange regime.
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Soda ash project with China key to Egypt’s industrial self-sufficiency
The remarks came during a meeting in Cairo with Mo Dingge, chairman of the China National Chemical Engineering Group Corporation (CNCEC).
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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.
