Egypt to add 2,500-MW of renewable energy to national grid by next summer
Egypt is planning to add 2,500 megawatts (MW) of renewable energy capacity to its national electricity grid before next summer, said Spokesman for the Presidency Mohamed El-Shennawy.
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The first week of March brought further reassurances for Egypt’s economy, as officials confirmed the uninterrupted flow of navigation through the Suez Canal despite regional tensions and stressed that any potential closure of the Strait of Hormuz would not threaten the country’s energy supplies.
USD/EGP exchange rates stabilize on Thursday
The exchange rate between the US dollar and EGP recorded EGP 50.11 for purchasing and EGP 50.21 for selling at Banque Misr on Thursday.
Orascom Development’s consolidated profits rise 78.5% YoY in 2025
Orascom Development Egypt (ORHD) posted a 78.53% climb in its consolidated net profits after minority interest, recording EGP 5.549 billion during 2025, compared to EGP 3.108 billion in 2024.
Navigation through Suez Canal uninterrupted amid regional unrest: Rabie
Osama Rabie, Chairman of the Suez Canal Authority (SCA), confirmed that navigation through the Suez Canal is operating normally in both directions despite regional tensions.
