The International Monetary Fund (IMF) raised on Tuesday its forecast for Egypt's economic growth in 2025 and 2026, projecting stronger momentum and a sharp drop in inflation as macroeconomic conditions stabilise.
According to its October World (...)
Egypt's Suez Canal Economic Zone (SCZONE) on Wednesday signed a $15 million agreement with Infinity Fabric to establish a spinning, weaving, dyeing, and printing plant in the Sokhna Industrial Zone, the authority said in a statement. The move is (...)
Egypt's Suez Canal Authority (SCA) took its first step into international maritime exports after its tugboat manufacturing arm signed a deal with Italy's Neri Group to sell two 90-ton tugboats, SCA Chairman Osama Rabie announced Wednesday.
The (...)
Egypt's Minister of Planning and International Cooperation said she expects 2026 to be a "turning point" for the country's economy, with a peace deal in Gaza set to restore normal navigation in the Suez Canal and boost revenues alongside growth in (...)
Petroleum and Mineral Resources Minister Karim Badawy has unveiled Egypt's new five-year plan for oil and gas exploration, which envisions drilling around 480 new exploration wells with total investments exceeding $5.7bn.
According to the plan, 101 (...)
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, announced that Egypt will drill around 480 new oil and gas exploratory wells over the next five years with investments exceeding $5.7 billion to boost hydrocarbon production and (...)
Egypt's central bank has launched the Banking Reform and Development Fund and appointed an eleven-member board for a four-year term, in a move aimed at modernising the banking system and aligning it with global standards.
The Central Bank of Egypt (...)
As part of its ongoing efforts to advance Egypt's banking sector in line with international best practices, the Central Bank of Egypt (CBE) has announced the launch of the Banking Reform and Development Fund, along with the formation of its Board of (...)
Egypt's balance of payments reflected broadly positive trends during fiscal year (FY) 2024/2025, with the current account deficit narrowing significantly by 25.9% to $15.4bn, compared to $20.8bn in the previous fiscal year, according to the Central (...)
Egypt's net international reserves increased by $2.8bn over the past year, reaching $49.5bn in September 2025, up from $46.7bn in the same month of 2024 — marking the highest level on record.
According to a recent report by Fitch Ratings, Egypt's (...)
The National Bank of Egypt (NBE) has signed an agreement to participate in the capital increase of the Arab Company for Pharmaceutical Raw Materials (Arab API), alongside several leading national institutions. The initiative supports the state's (...)
ChatGPT said:
Egypt's current account deficit narrowed by 25.9 per cent in the 2024/2025 fiscal year, supported by a surge in remittances, tourism revenues, and non-oil exports, the Central Bank of Egypt (CBE) said in its balance of payments report (...)
Egypt's economy is expected to grow 4.5 per cent in the 2024/25 fiscal year, up 0.7 percentage points from the April projection, the World Bank said in its latest report on Wednesday.
In its MENAP Economic Update – October 2025, the World Bank cited (...)
The Commercial International Bank (CIB), in collaboration with CI Capital Investment Banking, has successfully concluded the seventh securitisation issuance for Halan Consumer Finance, with a total value of EGP 3.4bn. Acting as financial advisors, (...)
Egypt's Ministry of Higher Education has highlighted the establishment of the East Port Said Technological University as one of the fruits of the country's development efforts in the Sinai Peninsula and Suez Canal cities, coinciding with the 52nd (...)
The General Authority for Investment and Free Zones (GAFI) hosted a delegation from the Malawi Investment and Trade Centre to learn from Egypt's experience in managing free and investment zones.
The visit took place within the framework of (...)
Egypt: The Only Arab Victory That Redefined the Middle East
On 6 October, Egypt does not merely commemorate a military triumph that changed the course of history; it reaffirms to the world that it remains the only Arab nation in the Middle East to (...)
Egypt's Minister of Investment and Foreign Trade Hassan El-Khatib inspected on Saturday the public free zones in Ataqa and Adabiya in New Suez to review progress and investment opportunities in these key industrial hubs.
El-Khatib toured several (...)
BMEC Imaging– Egypt and Main Development Company (MDC) have signed a contract to build a $4.5 million advanced medical manufacturing and remanufacturing facility in the Ain Sokhna Industrial Zone, the General Authority for the Suez Canal Economic (...)
Egypt's Arab Contractors has won five awards at the 2025 Engineering News-Record (ENR) Global Best Projects Awards, including top recognition for the Julius Nyerere Hydropower Project in Tanzania, Egypt's ministry of housing said on Sunday.
The (...)
Egyptian President Abdel Fattah Al-Sisi on Sunday marked the 52nd anniversary of the 1973 October War by chairing a meeting of the Supreme Council of the Armed Forces to discuss national security and by laying wreaths at memorials in Cairo, the (...)
Walid Gamal El-Din, Chairperson of the General Authority for the Suez Canal Economic Zone (SCZONE), attended the signing ceremony today for BMEC Imaging's major investment in the medical device sector. The project, valued at EGP 214.6m ($4.5m), will (...)
Hassan El Khatib, Egypt's Minister of Investment and Foreign Trade, has vowed to eliminate bureaucracy and streamline procedures to support investors and facilitate trade. His remarks came during an inspection of Ain Sokhna Port, part of his (...)
Chairperson of the Suez Canal Authority (SCA), Osama Rabie, has called on global shipping leader Maersk to gradually resume transits through the Suez Canal, underscoring the waterway's central role as a vital artery for international commerce and a (...)
Egypt's economy grew by about 4.4% in fiscal year (FY) 2024/25, driven by a strong fourth quarter that saw gross domestic product (GDP) growth hit a three-year high of about 5%, the planning ministry said.
The annual growth rate was a significant (...)
