Egypt

Egypt aims for $60 billion in foreign direct investment, $145 billion in exports

The country aims for 65 percent private sector contribution by 2030

Egypt, France ink $7.68 billion agreement for green hydrogen facility

The agreement was signed during French President Emmanuel Macron's recent visit to Egypt

Egypt, France sign strategic partnership agreements in key sectors

Agreements focus on transportation, health, and education

Egypt’s construction sector thriving despite PMI mild contraction in March

The Purchasing Managers' Index fell to 49.2 from 50.1 in February 

EU approves $4.4 billion and $539.5 million loans for Egypt, Jordan

The Parliament approved macro-financial assistance to Egypt: 452 votes for, 182 against, 40 abstained

Modon to develop industrial zone for Egypt’s Ras El Hekma in collaboration with Elsewedy Industrial Development

The industrial zone aims to establish a sustainable industrial base that drives year-round economic activity and job creation

Eid al-Fitr holiday: Egypt Cabinet announces official dates for public, private sectors

This holiday is for government employees celebrating Eid across various public sector entities

UAE, Egypt presidents discuss strengthening ties through developmental and economic collaboration

President El-Sisi held Ramadan Iftar banquet in honor of the UAE president

Egyptian banks report record profits of $10.6 billion in 2024

The net return for banks rose to EGP915 billion in 2024, up from EGP582.5 billion

Al-Mashat: Economic growth in Egypt to see boost in Q2, supported by industry

The Minister noted Egypt's competitive advantages: a diverse economy, strong industrial base, and skilled workforce

EFG Holding to list consumer finance brand Valu on the Egyptian Exchange

EFG Holding will retain at least a 67 percent indirect stake in Valu through its subsidiaries

EFG Holding posts record revenue of $482 million with strong growth across verticals

The Group's net operating profit rose 84 percent Y-o-Y in FY24 to $175.9 million

Suez Canal loses $800 million in revenues monthly amid regional unrest, says Egypt president

Canal’s revenues declined over 60 percent year-on-year in 2024, costing Egypt nearly $7 billion in losses

Egypt’s annual inflation plunges to 12.5 percent in February

The monthly inflation rate recorded 1.4 percent last month compared to 1.6 percent in January 2025

Egypt’s foreign reserves soar to $47.39 billion in February

Gold holdings in foreign currency reserves reached approximately $11.851 billion in February, up from $11.416 billion

Muted price pressures support Egypt’s non-oil sector expansion in February, says PMI

Egypt's PMI declined from a 50-month high of 50.7 in January to 50.1 in February

Egypt to benefit from $94.3 million EU loan to boost food security

The country further sought approval for the EUR4 billion package and emphasized SCZONE as key investment destination.

Egypt’s financial inclusion rate soars to 74.8 percent, 52 million citizens now use transaction accounts

This increase results from CBE's collaboration with banks and stakeholders for economic empowerment across society

Leaders of GCC states, Egypt, and Jordan convene in Riyadh to strengthen coordination and consultation

The UAE President thanked King Salman and Crown Prince for organizing the dialogue

Egypt’s central bank keeps interest rates unchanged citing inflation, protectionist policy risks

Interest rates remained unchanged due to the increasingly uncertain global and regional outlook regarding the impact of U.S. protectionist trade policies

Egypt issues new guide to help investors understand rights, tax obligations

This initiative is designed to reassure both current and prospective investors regarding their future tax responsibilities