Tags Result

Egypt PMI remains above 50 in December despite easing momentum

The headline seasonally adjusted Purchasing Managers’ Index (PMI) of Egypt declined to 50.2 in December 2025 from 51.1 in November, yet still above the 50.0 no-change mark for the second consecutive month, the latest S&P Global PMI data showed.

Updated 51m3h
Türkiye's Eroglu Moda Tekstil to build $5.6M factory in SCZONE

Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), inked a contract with Turkish company Eroglu Moda Tekstil San Ve Tic S.A. to establish a ready-made garments factory in Qantara West Industrial Zone

Updated 26m3h
Egypt, Syria ink MoUs on natural gas supply, energy technical support

The Ministry of Petroleum and Mineral Resources inked two memoranda of understanding (MoUs) to provide technical expertise to the Syrian energy sector.

Updated 19m4h
FRA launches 1st digital payment network in non-banking financial sector

The Financial Regulatory Authority (FRA) has launched the first digital payments network in the non-banking financial sector’s history.

Updated 32m21h
Remittances from Egyptians abroad leap 42.5% YoY in 11 months

Remittances from Egyptians working abroad increased by 42.5% year on year (YoY) to about $37.5 billion in the first 11 months of 2025, according to a statement issued by the Central Bank of Egypt (CBE).

Updated 1/5/2026 11:57:00 AM
valU secures Central Bank of Jordan final approval ahead of market entry

Egypt-based financial technology company valU has received final approval from the Central Bank of Jordan to launch its services in Jordan under a Specialized Finance license, enabling the company to begin offering consumer financing products in the market.

Updated 1/5/2026 9:25:00 AM
Business For Teens concludes pre-seed round to expand across Egypt, GCC

Egypt-based education startup Business For Teens has pocketed a six-figure pre-seed funding round to support its expansion across Egypt and the GCC.

Updated 1/5/2026 9:16:00 AM
Dana Gas receives $50M from Egypt to support drilling program

Dana Gas has received a $50 million (AED 184 million) payment from the Egyptian Government, significantly reducing overdue receivables

Updated 1/5/2026 8:17:00 AM
Egypt welcomes 19M tourists in 2025

Egypt welcomed around 19 million tourists in 2025, recording a 21% growth rate compared to 2024, according to a statement issued by the Minister of Tourism and Antiquities.

Updated 1/4/2026 9:48:00 AM
Egypt denies hike in Cairo Metro ticket prices

The Ministry of Transport denied all circulated news claiming the price of the EGP 8 Cairo Metro ticket rose to EGP 10.

Updated 1/4/2026 7:10:00 AM
Egypt trade deficit hits 10-year low as non-oil exports post strongest growth

Egypt recorded its sharpest decline in the trade deficit and its strongest growth in non-oil exports in a decade during the first ten months of 2025.

Updated 12/31/2025 2:58:00 PM
Egypt receives $3.5B under Northwest coast development deal with Qatari Diar

Egypt has received $3.5 billion as part of an investment agreement to develop a plot of land in the Samla and Alam El Roum area on the Northwest Coast, located in Matrouh Governorate

Updated 12/30/2025 2:37:00 PM
Egypt, UAE step up talks on trade, investment, and comprehensive partnership agreement

Egyptian Minister of Investment and Foreign Trade Hassan El-Khatib and the UAE Minister of Foreign Trade Thani bin Ahmed Al Zeyoudi held high-level talks aimed at boosting trade and investment ties and advancing cooperation across priority sectors.

Updated 12/30/2025 7:46:00 AM
Egypt, Lebanon sign MoU to supply Deir Ammar power plant with natural gas

Egypt and Lebanon have signed a memorandum of understanding (MoU) to supply Lebanon’s Deir Ammar power plant with natural gas for electricity generation, as part of ongoing cooperation between the two countries in the energy sector.

Updated 12/29/2025 2:38:00 PM
Aman Consumer Finance, Habitat for Humanity Egypt launch housing improvement finance program

Aman Holding, a portfolio company of Raya Holding, has signed a cooperation agreement with Habitat for Humanity Egypt (HFHE) to launch a pilot housing improvement finance program

Updated 12/29/2025 12:17:00 PM
Egypt, Djibouti advance port, energy cooperation

Egypt and Djibouti have signed a series of cooperation agreements covering port development, renewable energy, and logistics during an official visit by Egyptian Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir, to the Republic of Djibouti.

Updated 12/28/2025 12:47:00 PM
CBE announces January 1st as official holiday for New Year

Banks in Egypt will be off on Thursday, January 1st, in celebration of the New Year, the Central Bank of Egypt (CBE) announced.

Updated 12/28/2025 12:43:00 PM
Madbouly says no new burdens on citizens until IMF program ends

Prime Minister Mostafa Madbouly said there will be no new burdens on Egyptian citizens until the end of the country’s economic reform program with the International Monetary Fund (IMF), stressing that the remaining targets under the program do not include measures that would affect households.

Updated 12/25/2025 4:13:00 AM
2026: A Make-or-Break Year for Egypt’s Monetary Policy

As Egypt approaches 2026, the trajectory of its monetary policy stands at a decisive crossroads. The Central Bank of Egypt (CBE) faces mounting pressure to recalibrate its framework in ways that strengthen transparency, flexibility, and credibility.

Updated 12/24/2025 4:42:00 PM
Egypt signs draft amendment with Canada’s Aton Mining on Abu Marwat gold project

Minister of Petroleum and Mineral Resources Karim Badawi oversaw the signing of the initials of a draft amendment to the commitment agreement governing gold and associated minerals exploration and exploitation in the Abu Marwat area of the Eastern Desert.

Updated 12/24/2025 11:25:00 AM