Egypt has reduced dues to international oil companies (IOCs) to $440 million currently, compared to $6.1 billion as of June 30th, 2024, Minister of Petroleum and Mineral Resources Karim Badawi highlighted.

The International Air Transport Association (IATA) said Egypt’s aviation sector has strong long-term growth potential, forecasting passenger demand to grow at an annual rate of 3.4% between 2024 and 2050 under its mid-range scenario.

Silver prices stabilized on Tuesday, May 19th, according to Dahab Masr’s data by 4:08 PM.

Abu Dhabi-based Modon Holding and Montage Hotels & Resorts jointly launched Montage Ras El Hekma, introducing the first branded residences for purchase at Ras El Hekma on Egypt’s Mediterranean coast.

Egypt has raised $1 billion in an eight-year USD-denominated social bond issuance, drawing in robust investor demand despite market pressures amid the ongoing regional conflict, Al Ahram reported, citing Bloomberg data.

Hussein Eissa, Egypt’s Deputy Prime Minister for Economic Affairs, discussed enhancing cooperation with the World Bank to enhance the efficiency of public investment management

Egypt’s transit trade volume increased by 35% year-over-year (YoY) in the first quarter (Q1) of 2026

Egypt's crude steel production rose by 10.8% in the first quarter (Q1) of 2026, reaching approximately 2.89 million tons, accounting for 24% of steel production in the Middle East, according to data from the World Steel Association.

Silver prices jumped on Sunday, May 3rd, according to Dahab Masr’s data by 3:39 PM.

Minister of Investment and Foreign Trade Mohamed Farid Saleh and Minister of Industry Khaled Hashem held an expanded meeting with executives from the French multinational company Air Liquide to explore opportunities to scale up the company’s investments in the Egyptian market, particularly in the industrial gases sector.

Prices of silver dropped on Tuesday, April 28th, with the international ounce price recording $73.56 for purchase and $72.08 for sale.

The General Authority for the Suez Canal Economic Zone (SCZONE) has signed a contract with Türkiye-based companies Dinamik Raus Tekstil and Yiltem Apparel to establish a ready-made garments and textiles factory in the Qantara West Industrial Zone, with investments valued at $8 million.

Egypt’s Minister of Investment and Foreign Trade Mohamed Farid Saleh has launched the foreign trade procedures portal in cooperation with UN Trade and Development (UNCTAD), in a step aimed at enhancing transparency and supporting exports.

Egypt’s economic growth is projected to soften to 4.3% in the current fiscal year (FY) 2025/2026, slowing to 4% in FY 2026/2027 before accelerating to 4.6% in FY 2027/2028.

Egypt’s Minister of Electricity and Renewable Energy Mahmoud Esmat held talks with Norway’s Scatec to review the progress of renewable energy projects with a combined capacity of 3,100 megawatts (MW) and battery storage systems totaling 4,000 megawatt-hours (MWh), as the government pushes forward its energy transition strategy.

Egypt aims to generate 45% of its electricity from renewable energy sources by 2028, Prime Minister Mostafa Madbouly told the House of Representatives, outlining the government’s strategy to strengthen energy security as a regional war continues to weigh on global markets.

Minister of Investment and Foreign Trade Mohamed Farid Saleh held talks in Washington with Timothy Adams, CEO of the Institute of International Finance (IIF), to deepen cooperation aimed at increasing investments by American financial institutions and advancing Egypt’s expansion strategy in African markets.

Traffic at airports operated by the Egyptian Airport Company (EAC) continued to deliver a strong performance since the beginning of 2026 despite the US-Iran war and its impact on aviation

Minister of Investment and Foreign Trade Mohamed Farid and the Sovereign Fund of Egypt (TSFE) followed up on the procedures for establishing a special purpose acquisition company (SPAC) seeking to invest in venture capital (VC).

Egypt and Cyprus signed an agreement to boost cooperation in the gas sector on the sidelines of the ninth edition of the Egypt Energy Show 2026 (EGYPES) that kicked off on March 30th.