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Egypt unveils 4 oil, gas discoveries in Western Desert

The Ministry of Petroleum and Mineral Resources announced the successful drilling of four exploratory wells in the Western Desert, in line with its efforts to maximize domestic production and reduce the import bill.

Updated 53m2h
Egypt’s annual headline inflation records 10.3% in December: CAPMAS

Egypt’s annual headline inflation hit 10.3% in December 2025, down from 23.4% during the same month in 2024, as per the Central Agency for Public Mobilization and Statistics’ (CAPMAS) data.

Updated 39m3h
EU to disburse €1B in MFA to Egypt: Kallas

Egypt will receive €1 billion in macro-financial assistance from the EU in the coming days, marking the second tranche of the €7.4 billion financial package

Updated 15m3h
IRSC signs 30-year PPA to operate 27-MW solar power plant

IRSC for Renewable Energy Solutions penned a power purchase agreement (PPA) to secure financing, and construct and operate a 27-megawatt solar power plant.

Updated 1/8/2026 2:31:00 PM
Elsewedy Electric wins $51M power supply contract in Angola

Elsewedy Electric, a Cairo-based integrated energy and infrastructure solutions provider, announced that it has been awarded a $51 million contract in Angola.

Updated 1/8/2026 9:44:00 AM
SCZONE inks deal with Türkiye's AS Tekstil for $4.1M textile project

The Suez Canal Economic Zone (SCZONE) signed a contract with the Turkish company AS Tekstil Etiket Sanayi Anonim Sirketi to establish a new factory in the Qantara West Industrial Zone.

Updated 1/8/2026 8:54:00 AM
Badawi reviews bp’s investment plans, drilling program in Egypt

Minister of Petroleum and Mineral Resources Karim Badawi has reviewed bp Plc's projects and future investment plans in Egypt.

Updated 1/8/2026 8:07:00 AM
Egypt PMI remains above 50 in December despite easing momentum

The headline seasonally adjusted Purchasing Managers’ Index (PMI) of Egypt declined to 50.2 in December 2025 from 51.1 in November, yet still above the 50.0 no-change mark for the second consecutive month, the latest S&P Global PMI data showed.

Updated 1/6/2026 8:09:00 AM
Türkiye's Eroglu Moda Tekstil to build $5.6M factory in SCZONE

Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), inked a contract with Turkish company Eroglu Moda Tekstil San Ve Tic S.A. to establish a ready-made garments factory in Qantara West Industrial Zone

Updated 1/6/2026 7:39:00 AM
Egypt, Syria ink MoUs on natural gas supply, energy technical support

The Ministry of Petroleum and Mineral Resources inked two memoranda of understanding (MoUs) to provide technical expertise to the Syrian energy sector.

Updated 1/6/2026 7:33:00 AM
FRA launches 1st digital payment network in non-banking financial sector

The Financial Regulatory Authority (FRA) has launched the first digital payments network in the non-banking financial sector’s history.

Updated 1/5/2026 2:23:00 PM
Remittances from Egyptians abroad leap 42.5% YoY in 11 months

Remittances from Egyptians working abroad increased by 42.5% year on year (YoY) to about $37.5 billion in the first 11 months of 2025, according to a statement issued by the Central Bank of Egypt (CBE).

Updated 1/5/2026 11:57:00 AM
valU secures Central Bank of Jordan final approval ahead of market entry

Egypt-based financial technology company valU has received final approval from the Central Bank of Jordan to launch its services in Jordan under a Specialized Finance license, enabling the company to begin offering consumer financing products in the market.

Updated 1/5/2026 9:25:00 AM
Business For Teens concludes pre-seed round to expand across Egypt, GCC

Egypt-based education startup Business For Teens has pocketed a six-figure pre-seed funding round to support its expansion across Egypt and the GCC.

Updated 1/5/2026 9:16:00 AM
Dana Gas receives $50M from Egypt to support drilling program

Dana Gas has received a $50 million (AED 184 million) payment from the Egyptian Government, significantly reducing overdue receivables

Updated 1/5/2026 8:17:00 AM
Egypt welcomes 19M tourists in 2025

Egypt welcomed around 19 million tourists in 2025, recording a 21% growth rate compared to 2024, according to a statement issued by the Minister of Tourism and Antiquities.

Updated 1/4/2026 9:48:00 AM
Egypt denies hike in Cairo Metro ticket prices

The Ministry of Transport denied all circulated news claiming the price of the EGP 8 Cairo Metro ticket rose to EGP 10.

Updated 1/4/2026 7:10:00 AM
Egypt trade deficit hits 10-year low as non-oil exports post strongest growth

Egypt recorded its sharpest decline in the trade deficit and its strongest growth in non-oil exports in a decade during the first ten months of 2025.

Updated 12/31/2025 2:58:00 PM
Egypt receives $3.5B under Northwest coast development deal with Qatari Diar

Egypt has received $3.5 billion as part of an investment agreement to develop a plot of land in the Samla and Alam El Roum area on the Northwest Coast, located in Matrouh Governorate

Updated 12/30/2025 2:37:00 PM
Egypt, UAE step up talks on trade, investment, and comprehensive partnership agreement

Egyptian Minister of Investment and Foreign Trade Hassan El-Khatib and the UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi held high-level talks aimed at boosting trade and investment ties and advancing cooperation across priority sectors.

Updated 12/30/2025 7:46:00 AM