Egypt on Wednesday launched the STEM & AI Challenge 2025, a national competition aimed at empowering university students in science, technology, engineering, and mathematics (STEM) and supporting their innovative projects in artificial (...)
The Suez Canal Economic Zone (SCZONE) held a ceremony on Wednesday to lay the foundation stone for the Xinmin Glass factory in "Sokhna 360," the fully integrated industrial city being developed by El Sewedy Industrial Development within the Sokhna (...)
The Suez Canal Economic Zone Authority held a groundbreaking ceremony on Wednesday for China's Xinmin Glass factory in the Sokhna 360 Industrial City, part of the El-Sokhna Industrial Area, the authority said.
The project spans more than 163,000 (...)
For the first time, Lloyd's List has included Suez Canal Authority Chairman Osama Rabie in its annual One Hundred People ranking, the definitive guide to the most influential figures shaping the maritime industry.
Placing him 75th on the list, (...)
Egypt signed six memoranda of understanding and agreements with the European Bank for Reconstruction and Development (EBRD) on Tuesday, covering investment promotion, energy infrastructure, and sustainable development, the Cabinet said.
Prime (...)
Egypt's Suez Canal Economic Zone (SCZONE) on Monday signed a contract with an alliance between Italy's Mi-Fra and Saudi Masae to establish Egypt's first plant producing metal door handles, traditional and smart locks, and office fittings. The move (...)
Hossam Heiba, Chairperson of the General Authority for Investment and Free Zones (GAFI), has met with a delegation from Fountain Set Limited, one of China's largest textile manufacturers, alongside representatives from Elegance Apparel Garments (...)
The floating dock GREEN DOCK 3, towed by the tugboat Persistence and guided by four additional Suez Canal Authority (SCA) tugboats, completed its 24-hour transit of the Suez Canal as part of the South Convoy. The dock, en route from Indonesia to (...)
The Egyptian Commercial Service (ECS) office in Washington, headed by Minister Plenipotentiary for Commercial Affairs Yehia El Wathik Bellah, organised Suez Canal Economic Zone (SCZONE) Chairperson Walid Gamal El-Din's first promotional mission to (...)
Egypt has endured one of the most challenging economic periods in its recent history over the past two years. Surging inflation and sharp exchange-rate volatility have reshaped consumer behaviour, pushing households to prioritise essential goods (...)
Walid Gamal El-Din, Chairperson of the General Authority for the Suez Canal Economic Zone (SCZONE), concluded his promotional tour in the United States with a series of meetings and engagements with American institutions and companies operating in (...)
Waleid Gamal El-Dein, chairman of Egypt's Suez Canal Economic Zone (SCZONE), continued his US promotional tour Thursday in Washington, courting investment across pharmaceuticals, energy, logistics, and automotive sectors following successful New (...)
Egypt signed an investment agreement worth more than $30 million for oil exploration and production in the East Gamsa offshore in the Gulf of Suez, with Cheiron Petroleum Corporation, the petroleum ministry said on Thursday.
Cheiron, which agreed to (...)
Egypt and Bulgaria signed a protocol on Wednesday under their joint committee on economic, scientific, and technical cooperation, agreeing to strengthen ties across 19 strategic sectors that will shape future trade, investment, and economic (...)
Yasser Abbas, Deputy CEO of the General Authority for Investment and Free Zones (GAFI), announced that economic relations between Egypt and Greece continue to strengthen, with bilateral trade reaching approximately $2bn and more than 200 Greek (...)
Egypt and Bulgaria have signed a protocol to strengthen cooperation across 19 strategic sectors, including renewable energy, industry, and investment, aiming to bolster economic relations ahead of the centenary of diplomatic ties between the two (...)
Egypt's Foreign Minister Badr Abdel-Atty called German companies to expand their investments in Egypt during a business forum in Berlin on Monday, spotlighting reforms aimed at improving the business climate and deepening economic ties between the (...)
تشهد العلاقات التجارية بين مصر والصين تحولاً نوعياً يعبّر عن دخول البلدين مرحلة جديدة من التعاون الاقتصادى تتجاوز حدود التبادل السلعى إلى بناء شراكات صناعية واستثمارية طويلة الأمد، فبحسب بيانات وزارة التجارة والصناعة المصرية لعام 2024، احتفظت الصين (...)
Petroleum and Mineral Resources Minister Karim Badawi announced that Egypt is developing a set of highly attractive incentive packages to accelerate investment in green hydrogen, as the country works to position itself as a central player in the (...)
Amazon Egypt has been quietly transforming Egypt's e-commerce landscape since its launch in 2021. With strategic infrastructure investments including over 100,000 cubic meters in storage capacity, advanced fulfillment technology, and collaborations (...)
Suez Canal Bank (SCB) has signed a cooperation protocol with e-Aswaaq Misr, a subsidiary of e-Finance for Financial and Digital Investments, to expand financing for small and medium-sized enterprises (SMEs) and support entrepreneurs through more (...)
Egypt's GDP grew 5.3 per cent in the first quarter of the 2025/2026 fiscal year, up from 3.5 per cent in the same quarter of 2024/2025. The Ministry of Planning reported on Thursday.
According to the Ministry's report, investment contributed 2.45 (...)
Egypt's economy grew by 5.3% in the first quarter of the 2025/2026 fiscal year, GDP growth exceeded 5% for the first time in more than three years, the Ministry of Planning, Economic Development, and International Cooperation said.
The GDP growth (...)
A.P. Moller-Maersk will begin sending container vessels through the Suez Canal again in early December under a preparatory phase that sets the stage for a full return, the Suez Canal Authority (SCA) announced on Tuesday.
The decision follows weeks (...)
China's WINPEX Group signed a $15 million agreement on Wednesday to build a lighting and electrical equipment factory in Egypt's Suez Canal Economic Zone (SCZONE), the zone's authority said in a statement.
The project, located within the Main (...)
