El-Sisi approves $200M China Eximbank loan for railway project

President Abdel Fattah El-Sisi approved a $200 million concessional financing agreement between the Egyptian government and the Export-Import Bank of China, according to a presidential decree publish...

Agiba Petroleum makes largest Western Desert discovery in 15 years

ENPPI wins $355M PDO's gas project contract in Oman

China Enterprise Cloud Chain to develop $2B carbon-neutral textile industrial city in Egypt

Egypt begins disbursing EGP 767.6M in grants to irregular workers ahead of Eid El-Adha

Latest News

El-Sisi approves $200M China Eximbank loan for railway project Updated 6h33m

Agiba Petroleum makes largest Western Desert discovery in 15 years Updated 6h45m

China Enterprise Cloud Chain to develop $2B carbon-neutral textile industrial city in Egypt Updated 7h30m

ENPPI wins $355M PDO's gas project contract in Oman Updated 8h27m

AWS eyes broader expansion in Egypt’s AI, cloud computing infrastructure Updated 8h57m

Klivvr rolls out Egypt’s 1st interactive AI-powered assistant in fintech apps Updated 9h22m

Egypt begins disbursing EGP 767.6M in grants to irregular workers ahead of Eid El-Adha Updated 10h36m

EGX declares six-day holiday for Eid Al-Adha Updated 11h8m

Egypt’s Cabinet extends Sunday remote work throughout June Updated 12h30m

Egypt reduces IOCs' arrears to $440M: Badawi Updated 5/20/2026 2:07:00 PM

Macroeconomy

Silver prices increase on May 21st

Silver prices climbed on Thursday, May 21st, according to Dahab Masr’s data by 2:43 PM.

Gold prices drop on May 21st

Madbouly orders firms slated for EGX listing to complete offerings by year-end

Egypt begins disbursing EGP 767.6M in grants to irregular workers ahead of Eid El-Adha

Finance and Banking

USD weakens against EGP on May 21st

The USD weakened against the EGP at the Egyptian banks on Thursday, May 21st.

El-Sisi approves $200M China Eximbank loan for railway project

United Bank’s consolidated profits decline 21% YoY in Q1 2026

Klivvr rolls out Egypt’s 1st interactive AI-powered assistant in fintech apps

Real Estate and Tourism

Palm Hills’ consolidated profits drop 21.7% YoY in Q1 2026

Palm Hills Development Company (PHDC) reported a 21.72% year-on-year (YoY) decrease in consolidated net profits after tax for the first quarter (Q1) of 2026, registering EGP 1.205 billion, versus EGP 1.539 million.

Bonyan reports 106% revenue growth in Q1 2026

Cityscape North Coast to launch 1st edition in New Alamein City

Amer Group posts 1,259% YoY consolidated profit leap in Q1 2026

Automotive and Transportation

Mawani links Saudi Arabia, Egypt, Jordan via Red Sea Express container service

The Saudi Ports Authority (Mawani), in partnership with Folk Maritime and SABIC, has launched the new Red Sea Express container shipping service to King Fahd Industrial Port to boost logistics connectivity.