Egypt's economy is expected to maintain its recovery in the coming years, with the African Development Bank (AfDB) projecting real GDP growth to rise from 2.4 per cent in 2024 to 3.9 per cent in 2025 and 4.8 per cent in 2026.
According to the bank's (...)
Egypt's pharmaceutical market surged to 309 billion Egyptian pounds in 2024, up 43 per cent year-on-year from 216 billion pounds in 2023, according to data presented at the 15th board meeting of the Egyptian Drug Authority (EDA) on Tuesday.
The (...)
Egypt's pharmaceutical market recorded EGP 309bn in sales in 2024, up from EGP 216bn in 2023—reflecting a 43% year-on-year increase, according to Ali Ghamrawy, Chairperson of the Egyptian Drug Authority (EDA).
The announcement came during the EDA's (...)
Egyptian Foreign Minister Badr Abdel-Aty discussed on Sunday evening with US President Joe Biden's Senior Adviser for Arab and Middle Eastern Affairs and High-Level Africa Adviser, Masad Boulos, the latest developments in Libya, Sudan, and the Great (...)
The foreign ministers of Egypt, Algeria, and Tunisia met in Cairo on Saturday to reactivate a trilateral mechanism focused on Libya, amidst concerns over the evolving situation and fragility in the west of the country.
Badr Abdelatty, Egypt's (...)
Egypt, with an overall score of 49.91 out of 100, has secured a position within the top three best-performing countries in Africa, alongside Morocco (49.17), in a new exclusive ranking by Jeune Afrique. South Africa leads the list of 20 nations with (...)
Khaled Sherif, a prominent Egyptian economist, has been elected as Executive Director representing Egypt and Djibouti at the African Development Bank (AfDB) for a three-year term, the Central Bank of Egypt (CBE) announced Thursday.
CBE Governor (...)
Egypt's Minister of Planning, Economic Development and International Cooperation and Egypt's Governor at the Islamic Development Bank (IsDB) Rania Al Mashat has met with the CEO of the United Nations' Generation Unlimited initiative Kevin Frey to (...)
Trade volume between Egypt and African Union countries reached $9.8 billion in 2024 against $9.2 billion in 2023, a 6.5 per cent increase from 2024, according to recent figures published by Egypt's state statistics agency, CAPMAS.
Egyptian exports (...)
Trade between Egypt and African Union (AU) countries reached $9.8bn in 2024, up from $9.2bn in 2023, marking a 6.5% year-on-year increase, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The announcement coincides (...)
Ecomondo, the Italian Exhibition Group (IEG) event for the green, blue, and circular economy in Europe and the Mediterranean basin, will return to the Rimini Expo Centre from 4 to 7 November 2025, with an enhanced international focus on the global (...)
Algeria is set to secure $3 billion in financing from the Islamic Development Bank (IsDB) over the coming three years to advance major infrastructure initiatives, according to the Bank's President Muhammad Sulaiman Al Jasser.
In remarks made to (...)
Kareem Badawi, Minister of Petroleum and Mineral Resources, has reiterated the Ministry's support for the Egyptian Drilling Company's (EDC) strategic expansion into international markets, particularly strengthening its footprint in Saudi Arabia and (...)
Oman Investment Authority (OIA) signed a preliminary agreement with Algeria's Finance Ministry to establish a $298.79 million investment fund focused on mining, food security, and pharmaceuticals.
The deal was sealed during Sultan Haitham bin Tariq (...)
The fourth edition of Cairo Photo Week, organised by Photopia, will take place across 14 locations in Downtown Cairo from 8-18 May.
Held under the slogan "Scene Detection", the event is under the auspices of the Ministry of Tourism and Antiquities, (...)
Egypt's El Sewedy Electric signed on Thursday a memorandum of understanding with Algerian state-owned utility Sonelgaz to support electric power development projects in Algeria, as both nations move to scale up cooperation in energy and (...)
The Organisation of the Petroleum Exporting Countries (OPEC+) has received revised oil output compensation plans from eight member countries that surpassed their voluntary production quotas under the OPEC+ agreement, the group announced on (...)
OPEC+ members Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed their commitment to market stability and an improved oil market outlook during a virtual meeting on 3 April 2025.
The group confirmed its decision to (...)
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, underscored Petrojet's pivotal role in executing large-scale energy and infrastructure projects both in Egypt and internationally.
Speaking at the company's general assembly meeting, (...)
AliExpress, the global online retail marketplace, has announced a major expansion in its payment options for shoppers across Africa, including Egypt, South Africa, Algeria, Ethiopia, Morocco, and Tanzania. This initiative, launched in March, aims to (...)
The Engineering Export Council of Egypt (EECE), led by Sherif El-Sayyad, announced that engineering exports increased by 42% in January 2025, reaching $526.2m compared to $371.4m in January 2024. El-Sayyad emphasized that this strong start to the (...)
The Administrative Capital for Urban Development (ACUD) and the Embassy of the Republic of Côte d'Ivoire in Cairo have signed a land sale agreement for a 5,000-square-meter plot, where the new embassy headquarters and the ambassador's residence will (...)
publishes the full text of the final communiqué from the Emergency Arab Summit for Palestine hosted by Egypt on Tuesday. The summit endorsed Egypt's plan for the reconstruction of Gaza, ensuring the inhabitants will not be displaced and the core (...)
Egypt's Minister of Water Resources and Irrigation Hany Swailem met with Secretary-General of the Arab Countries Water Utilities Association (ACWUA) Khaldon Khashman to discuss enhancing cooperation in water management, training, and transfer of (...)
The Administrative Capital for Urban Development (ACUD) and the Embassy of Algeria in Cairo have signed a land sale agreement for two plots totaling 23,316 sqm. The land will be used for the construction of the new embassy headquarters and the (...)
