CEO of the General Authority for Investment and Free Zones (GAFI) Mohamed Awad met with Singapore's Ambassador to Cairo Dominic Goh to discuss ways to strengthen investment cooperation between the two countries and attract additional Singaporean investment into the Egyptian market.

The World Bank has upgraded its forecast for Egypt’s real gross domestic product (GDP) growth in the current fiscal year (FY) 2025/2026 to 4.6% from 4.3% projected in April, according to the June 2026 Global Economic Prospects report.

Egypt is looking to deepen its strategic partnership with British International Investment (BII) and attract additional development financing to support green infrastructure, technology localization, and private sector-led growth.

Minister of Petroleum and Mineral Resources, Karim Badawi, and Shaikh Nawaf Saud Al-Sabah, Vice Chairman and CEO of Kuwait Petroleum Corporation (KPC), discussed opportunities to expand cooperation and increase Kuwaiti investments in Egypt's petroleum and natural gas sector during a meeting held on the sidelines of the minister's visit to the US.

Chairman of the Suez Canal Economic Zone (SCZONE) Waleid Gamal El-Dien met with Eritrean President Isaias Afwerki and his accompanying delegation to discuss investment opportunities, areas of mutual interest, and prospects for economic cooperation between Egypt and Eritrea.

Prime Minister Mostafa Madbouly reviewed progress on the government's restructuring and governance plan of state-owned enterprises (SOEs).

Egypt was the largest natural gas consumer in Africa in 2024, accounting for 33.6% of the continent's total natural gas consumption, followed by Algeria, South Africa, and Morocco, according to a new study released by the Information and Decision Support Center (IDSC).

Minister of Industry Khaled Hashem discussed China National Tire and Rubber Co's expansion plans in the Egyptian market with the company's representatives, led by Chairman Wang Jianjun, including a $550 million investment to establish a new tire manufacturing plant in Alexandria.

Egyptian Minister of Petroleum and Mineral Resources Karim Badawi met with Syrian Minister of Energy Mohammed Al-Bashir during his visit to the US to discuss opportunities for cooperation to support the recovery of Syria's energy sector.

Otrovato is currently exploring the market and studying potential partnerships with business partners to expand in Kenya

Minister of Investment and Foreign Trade Mohamed Farid Saleh and Minister of Finance Ahmed Kouchouk met with Tim Reid, CEO of UK Export Finance (UKEF), in London to discuss strengthening cooperation to support Egyptian exports and investments, particularly across African markets.

Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, met with executives from China Energy Engineering Corporation and the China Electric Power Planning and Engineering Institute to discuss cooperation in renewable energy integration, grid flexibility, energy storage, and the modernization of Egypt’s electricity network.

The Mineral Resources and Mining Industries Authority (MRMIA) has inked a memorandum of understanding (MoU) with Turkiye-based OZ Mining to cooperate on a preliminary study and assessment of gold ore deposits and associated minerals in Egypt's Eastern Desert.

The Mineral Resources and Mining Industries Authority (MRMIA) signed an agreement with initials to launch Egypt’s first comprehensive aerial mineral survey in 42 years.

Egypt currently hosts more than 1,500 German companies with a total investment capital of $1.8 billion, Mohamed Awad, CEO of the General Authority for Investment and Free Zones (GAFI), said.

Minister of Industry Khaled Hashem held talks with Emad El Sonbaty, President of French Chamber of Commerce and Industry in Egypt (CCIFE), to discuss cooperation aimed at attracting new French projects to the Egyptian market

Egypt has reduced dues to international oil companies (IOCs) to $440 million currently, compared to $6.1 billion as of June 30th, 2024, Minister of Petroleum and Mineral Resources Karim Badawi highlighted.

The International Air Transport Association (IATA) said Egypt’s aviation sector has strong long-term growth potential, forecasting passenger demand to grow at an annual rate of 3.4% between 2024 and 2050 under its mid-range scenario.

Silver prices stabilized on Tuesday, May 19th, according to Dahab Masr’s data by 4:08 PM.

Abu Dhabi-based Modon Holding and Montage Hotels & Resorts jointly launched Montage Ras El Hekma, introducing the first branded residences for purchase at Ras El Hekma on Egypt’s Mediterranean coast.