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Egypt’s tourism sector contributed around 24% of the country’s GDP in 2023, recording around EGP 953 billion – almost 21% above its previous highest level, revealed the latest report by the World ...

As Egypt grapples with rising prices and economic challenges, the FMCG and Durables market has witnessed notable shifts in consumer behavior during the first half of 2024. Increasing food prices, ...

Prime Minister, Mostafa Madbouly, inaugurated the new factory of “SI Wiring Systems Egypt,” a subsidiary of “Sumitomo Electric Systems Europe,” located in the 10th of Ramadan City. The facility was ...

The Ready-Made Garments Export Council of Egypt has announced a significant surge in sector exports for March 2025, reaching approximately $262 million, up from $206 million in the same month of 2024, ...

Egypt’s net international reserves ( NIRs) rose to $47.757 billion at the end of March, up from $47.393 billion at the end of February 2025, an increase of $364 million, according to the latest data ...

Banks operating in Egypt achieved substantial growth in 2024, with net profits soaring to EGP 534.8 billion, nearly doubling from EGP 283.4 billion in 2023, according to a report released by the ...

Egypt’s net international reserves (NIRs) rose to $48.14 billion at the end of April, up from $47.757 billion at the end of March 2025, according to the latest data released by the Central Bank of ...

Egypt and Morocco are taking concrete steps to reset and expand their trade relationship, with both countries agreeing to strengthen investment ties, streamline trade flows, and cooperate on ...

The Egyptian General Petroleum Corporation (EGPC) and IPR International sign an agreement to enhance oil exploration, development, and production in Yidma-Alamein block in the Western Desert. The ...

Mobile/e-wallets in Egypt have been increasing in popularity, accelerated by several initiatives from the Central Bank of Egypt (CBE), with the number of mobile wallets climbing to 39.4 million in ...

International Monetary Fund (IMF) Managing Director, Kristalina Georgieva, said that the tensions in the Middle East region affected the Egyptian economy, as it lost 70% of Suez Canal revenues due to ...