Egypt is positioning Al Galala City as a major private investment hub, unveiling nine flagship projects aimed at attracting domestic and international investors, the country's investment agency said Sunday.
Hossam Heiba, CEO of the General Authority (...)
Egypt and Vietnam are considering starting talks on a free trade agreement to deepen economic ties, Vietnam's Prime Minister Pham Minh Chinh told Egyptian Prime Minister Moustafa Madbouly at a meeting on the G20 sidelines in Johannesburg.
According (...)
Gold prices in Egypt edged lower on Sunday, falling 0.09–0.10 per cent across major purities, as local demand softened despite firming global bullion markets, according to official pricing platforms.
As of 17:34 local time (15:34 GMT), 24-carat gold (...)
Egyptian Prime Minister Moustafa Madbouly met Japan's Prime Minister Sanae Takaichi on Sunday on the sidelines of the 2025 G20 Summit in Johannesburg, with both leaders highlighting efforts to expand bilateral cooperation across technology, (...)
Egypt exported around 4,655 food consignments totalling 194,000 tons last week, with Yemen and Saudi Arabia among the top destinations, the National Food Safety Authority (NFSA) said in its weekly report covering 15-21 November.
The shipments, (...)
Egypt's Prime Minister Moustafa Madbouly met International Monetary Fund (IMF) Managing Director Kristalina Georgieva on the sidelines of the G20 summit in Johannesburg on Saturday, ahead of two key programme reviews scheduled for early (...)
The Egyptian pound edged lower against the US dollar in early trading on Sunday, according to official bank data, though it remains within a relatively narrow range after weeks of stability.
As of 11:43 a.m. Cairo time (09:43 GMT), major banks (...)
Egypt will roll out its first industrial environmental registry this December to track factory emissions and set reduction targets, as the country accelerates efforts to prepare exporters for the European Union's Carbon Border Adjustment Mechanism (...)
The Egyptian Commercial Service (ECS) held talks with Emirates NBD to expand financing options for local companies and support their entry into international markets, as part of a wider government push to increase exports and draw more foreign (...)
Egypt is ramping up efforts to spur entrepreneurship and expand its tax base, Finance Minister Ahmed Kouchouk said Sunday at the Cairo ICT conference, unveiling plans that leverage artificial intelligence and digital tools to streamline tax (...)
The Egyptian pound weakened slightly against the US dollar in midday trading on Thursday, according to official exchange data.
As of 13:02 Cairo time (11:02 GMT), the currency was quoted at the following rates across major banks:
Bank Buy (EGP/USD) (...)
Egypt's stock market (EGX) closed mostly higher on Thursday, with gains across broader indices offsetting a slight decline in the benchmark EGX30.
The EGX30 index, which tracks the country's largest and most liquid companies, dropped 0.51 per cent (...)
Gold prices in Egypt declined on Thursday, registering a uniform 0.73 per cent drop across most key purities as domestic demand softened even as global bullion markets strengthened, according to official pricing platforms.
As of 16:17 local time (...)
Egypt and South Korea signed two memoranda of understanding on Thursday to boost cooperation in culture and education, as President Abdel Fattah El-Sisi welcomed South Korean President Lee Jae-myung on his first official visit since taking office in (...)
Officials from the International Monetary Fund (IMF) will visit Egypt from 1-12 December to conduct the fifth and sixth reviews of the country's economic programme, Prime Minister Moustafa Madbouly said on Monday.
Speaking at his weekly press (...)
Egypt's General Authority for Investment and Free Zones (GAFI) participated in a conference hosted by the Omani embassy in Cairo as part of Oman's National Day celebrations, highlighting opportunities to expand bilateral economic and investment (...)
Egypt's Cabinet on Thursday approved new regulations to govern foreign film production in the country, creating a single digital window for permits and pledging incentives to attract major international projects.
The regulations, issued under a (...)
Egypt's Dabaa Nuclear Power Plant is expected to save the country between $2.5 billion and $3 billion annually, Prime Minister Moustafa Madbouly said on Thursday.
Speaking at a press conference, Madbouly said construction at the landmark project is (...)
Egypt's private sector investments surged 73 per cent this year, Prime Minister Moustafa Madbouly said Thursday, signalling strong confidence in the country's economic outlook.
Speaking at the weekly press briefing, Madbouly highlighted the growth (...)
Egypt's East Port Said region is rapidly developing into a major industrial and logistics hub, Prime Minister Mostafa Madbouly said on Thursday, as the government inaugurated a series of new projects in the area.
Speaking at a press conference, (...)
Egypt's central bank on Thursday kept its key interest rates unchanged.
The Monetary Policy Committee (MPC) kept the overnight deposit rate at 21.00 per cent, the overnight lending rate at 22.00 per cent, and the main operation, and discount rates (...)
Egypt's Cabinet approved on Thursday a presidential decree endorsing a new financing agreement with the European Union to implement a programme aimed at improving social and economic conditions in informal and disadvantaged communities.
The (...)
Egypt's Cabinet approved on Thursday a draft law mandating the minister of petroleum and mineral resources to amend the compliance agreement for oil exploration and production in the North Zafarana Development Area in the Gulf of Suez.
The changes, (...)
Egypt's Cabinet on Thursday approved granting the golden licence to the Egyptian Soda Ash Company (ESAC) for a $680 million soda ash and derivatives plant in New Alamein.
The one-stop approval is designed to streamline regulatory procedures and (...)
President Abdel Fattah El-Sisi called Wednesday's installation of the reactor pressure vessel at Egypt's first nuclear power plant in Dabaa a "historic milestone" and a decisive step towards securing the country's energy future.
Speaking via video (...)