Business

Solar plant illuminates Gamasa city at cost of LE 18M

Sat, 11 Apr 2026 - 12:48 GMT

The solar power plant in Gamasa is one of the most important clean energy projects in the Dakahlia Governorate.

Egyptian citrus fruits dominate global exports with record-breaking 2M tons

Fri, 20 Mar 2026 - 11:42 GMT

Agricultural exports achieved an unprecedented historical surge in 2025, with Egyptian citrus fruits, particularly oranges, topping the list of exported crops, reaching over 2.2 million tons.

GM cuts hundreds of salaried workers as part of profit push

Sat, 25 Oct 2025 - 09:32 GMT

General Motors Co. cut hundreds of jobs, just days after raising its profit guidance for the year in a move that sent the shares soaring, Bloomberg said.

Petroleum ministry launches podcast to promote oil, gas and mining transparency

Sat, 11 Oct 2025 - 09:58 GMT

The podcast reflects the ministry’s push to modernize its communication through digital channels and highlight key achievements and national projects.

Egypt, Hungary discuss boosting development cooperation and business ties

Sat, 04 Oct 2025 - 10:11 GMT

Egypt’s Ambassador in Budapest Ahmed Fahmy emphasized commitment to expanding development cooperation with Hungary during a meeting with Hungarian Minister for Regional Development Tibor Navracsics.

FRA greenlights shareholder offers for Wafa Assurance and Raya Holding on EGX

Mon, 29 Sep 2025 - 02:22 GMT

he Financial Regulatory Authority (FRA) has authorized two mandatory tender offers (MTOs), allowing Wafa Assurance and Raya Holding to move forward with their acquisition proposals

Egypt implements winter operating hours for shops, restaurants as of Friday

Thu, 25 Sep 2025 - 01:11 GMT

The new schedule takes effect on Friday, September 26, 2025, across all governorates, in line with Article 6 of Ministerial Decision No. 456 of 2020 regulating opening and closing times, and coinciding with the start of winter time.

Egypt-Japan trade value increase to $386M during first 5 months of 2025: CAPMAS

Tue, 19 Aug 2025 - 01:20 GMT

Data from the Central Agency for Public Mobilization and Statistics (CAPMAS) showed that the value of trade between Egypt and Japan increased to $386 million during the first five months of 2025.

Potatoes rank 2nd among Egypt's agricultural exports, exceeding 1.3M tons

Sat, 09 Aug 2025 - 10:09 GMT

Potato exports have witnessed remarkable growth in recent times, supported by increased foreign demand for Egyptian products, which are characterized by their high quality and diverse varieties.

Investor focus shifts to bigger plays as MENA private equity activity slows in early 2025: Magnitt

Sun, 03 Aug 2025 - 01:50 GMT

According to Magnitt’s latest report, only 29 private equity deals were recorded between January and June, with a combined value of $2.9 billion, representing a 38 percent decline in the number of deals and an 11 percent drop in value compared to the same period in 2024.

Egypt secures $631 million in oil, gas deals to boost output--IDSC

Sat, 12 Jul 2025 - 10:41 GMT

These agreements secured investments worth $631 million.

Uzbek official: Significant leap in Egyptian-Uzbek economic ties since Sisi's visit in 2018

Tue, 17 Jun 2025 - 10:32 GMT

Economic ties between Egypt and Uzbekistan have witnessed a remarkable leap since President Abdel Fattah El Sisi’s historic visit to Tashkent in 2018, said Acting Director Investment Promotion Agency Mansurjon Rasulev on Tuesday.

IN DEPTH: President El-Sisi Welcomes U.S. Business Delegation, Calls for Deepening Economic Ties and Industrial Cooperation

Mon, 26 May 2025 - 06:23 GMT

El-Sisi urges U.S. firms to invest in Egypt, proposes American industrial zone in SCZone, pledges full support to investors.

Egypt's transformative, extractive industries index rises 3.9% in March 2025: CAPMAS

Sat, 24 May 2025 - 12:38 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) announced a 3.9% increase in the transformative and extractive industries production index, reaching 120.47 in March 2025 compared to 115.93 in February 2025.

Egypt comes second in Africa with highest GDP in 2025

Sat, 26 Apr 2025 - 11:46 GMT

A latest report by the International Monetary Fund (IMF) highlighted the top 10 African countries with the highest Gross Domestic Product (GDP) in 2025.

Egypt keen on bolstering coop. with all African countries: Egypt's amb. to Sierra Leone

Tue, 07 Jan 2025 - 10:45 GMT

Egypt's Ambassador in Freetown Rasha Soliman said Cairo is committed to promoting Egyptian ties with African countries and enhancing cooperation at various levels for mutual benefit.

Housing min. reviews implementation progress of projects in New Suez City

Sat, 04 Jan 2025 - 01:38 GMT

Egyptian Housing Minister Sherif El Sherbiny embarked on an inspection tour in New Suez City to follow up on the implementation progress of projects there.

Sisi directs timely payment of dues to petroleum, gas contractors

Sat, 04 Jan 2025 - 01:15 GMT

Egyptian President Abdel Fattah El Sisi directed the regular payment of financial dues to companies contracted with the state in the petroleum and gas sector.

FM participates in Egyptian-Gabonese Business Forum in Libreville

Sat, 28 Dec 2024 - 11:49 GMT

The forum was attended by Oligui Nguema, the President of Gabon, along with seven ministers from the Gabonese government: the Ministers of Foreign Affairs, Public Works, Energy and Water Resources, Health, Economy, Digital Economy, and Transport.

$61 million decline in Egypt's passenger car imports in August: CAPMAS

Mon, 18 Nov 2024 - 12:15 GMT

Egypt's imports of passenger cars have declined recently, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS).

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