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07:36

cairo, gmt + 2

14 May

Wednesday, 2025

Four contracts to supply Chinese company Xinxing's ductile iron pipe products to national projects within Egypt and Saudi Arabia, were signed Tuesday.

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Magazine Egypttoday December 2023

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Egyptian Remittances Hit Historic High of $32.6 Billion Following Currency Devaluation

Mon, 12 May 2025 - 01:27 GMT

This reflects a remarkable 72.4 percent increase—or an additional $13.7 billion—compared to the same period a year earlier.

Egypt’s Trade Deficit Shrinks by 29.1 Percent in February 2025

Mon, 12 May 2025 - 10:38 GMT

Key contributors to this growth included ready-made garments (up 30.6 percent), petroleum products (up 12.2 percent), various food preparations and pasta (up 9.3 percent), and raw plastics (up 3.4 percent).

Egypt's Core Inflation Rises to 10.4 Percent in April 2025

Mon, 12 May 2025 - 10:34 GMT

According to the CBE, the monthly change in the core Consumer Price Index (CPI) stood at 1.2 percent in April 2025, compared to just 0.3 percent in April 2024 and 0.9 percent in the previous month.

GAFI opens freezones to service-exporting startups to boost Egypt’s entrepreneurial ecosystem

Mon, 12 May 2025 - 10:04 GMT

Startups operating in sectors such as software exports and artificial intelligence (AI) will be offered a range of incentives, including simplified administrative procedures and full exemptions from customs duties and taxes

OECD praises Egyptian reforms in latest report

Sun, 11 May 2025 - 03:19 GMT

The assessment points to major institutional improvements, particularly in digitizing government services, modernizing the civil service, and advancing gender and youth inclusion in policymaking.

Automotive market continues to recover, reports modest growth in March

Sun, 11 May 2025 - 12:45 GMT

This marks a modest increase from February’s 10,600 units and signals a continuation of the sector’s recovery that began after a steep January decline

Egypt advances railway localization with €275M Alexandria metro train deal

Sun, 11 May 2025 - 11:48 GMT

The project comes under a thirty-eight-month contract worth 275 million euros, as announced by the Egyptian cabinet.

Egypt’s annual headline inflation rate increases to 13.5% in April 2025

Sun, 11 May 2025 - 10:41 GMT

Despite this annual increase, monthly inflation saw a slight slowdown, registering 1.3 percent in April, down from 1.6 percent in March.

Egypt’s PM inaugurates several major projects in SCZONE

Sat, 10 May 2025 - 10:15 GMT

The Suez Canal Economic Zone (SCZONE) currently encompasses a total of 262 industrial, service, and logistics projects, which have collectively generated approximately 40,200 job opportunities. In addition, the zone includes 10 major investment projects within its seaports.

1st meeting of Egyptian-Swiss economic committee held in Bern

Sat, 10 May 2025 - 10:11 GMT

The first meeting of the Egyptian-Swiss Joint Economic Committee was held in Bern with the participation of a large number of officials, representatives of chambers of commerce and industry, companies and business people from both countries.

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