Egypt targets 4.8-5.2% economic growth in FY 2026/27, rising to 6.8% by 2030: Rostom
Egypt’s Minister of Planning and Economic Development, Ahmed Rostom, said the government is targeting economic growth of between 4.8% and 5.2% in fiscal year 2026/27, adopting a cautious approach amid ongoing regional instability and global economic uncertainty, while laying the
Egypt aims to double exports to $100 bn by 2030, announces digital industrial platform: Hashem
Egypt is targeting an increase in annual exports from $48bn to $100bn by 2030 through a new strategy that includes launching an integrated digital B2B platform to connect local manufacturers and integrate them into global supply chains, the Minister of
Industry Minister explores deeper industrial integration with African nations
Egypt’s Minister of Industry, Khaled Hashem, met with Yousrey El-Sharkawi, Chairperson of the Egyptian African Businessmen’s Association (EABA), to discuss ways to strengthen industrial cooperation between Egypt and African countries and promote greater industrial integration across the continent. The meeting
EGX to launch futures contracts on CIB, TMG shares from 18 June
The Egyptian Exchange (EGX) announced on Monday the launch of futures contracts on the shares of Commercial International Bank (CIB) and Talaat Moustafa Group Holding (TMG), with trading set to begin on 18 June. The new contracts will be available
Alcazar Energy secures $420m deal to manage Egypt’s Gabal El Zeit wind farm
Egypt signed investment, operation, and power purchase agreements worth $420m with Alcazar Energy for the 580-megawatt (MW) Gabal El Zeit wind power plant, the government said on Monday. The agreements, signed in the presence of Prime Minister Mostafa Madbouly, grant
Madbouly opens industrial expansions in automotive, pharmaceutical, and food sectors
Prime Minister Mostafa Madbouly highlighted Egypt’s accelerating industrial development agenda during a tour of major manufacturing facilities in 6th of October City, where he inaugurated new production lines and reviewed expansion projects in the automotive, pharmaceutical, and food industries. The
Egypt’s garment exports rise 15% to $1.15bn in first four months of 2026
Egypt’s ready-made garments exports increased by 15% during the first four months of 2026, sustaining strong growth momentum amid rising demand from key international markets and ongoing efforts to diversify export destinations. According to the latest report issued by the
Egypt’s FRA outlines insurance sector overhaul, tenfold capital requirement at African conference
The Egyptian Financial Regulatory Authority (FRA) has approved two companies to issue insurance policies using financial technology and is processing applications from over 10 others, FRA Chairperson Islam Azzam announced on Sunday as part of a broader strategy to deepen
Madbouly opens factories, inspects major investments in Alexandria
Egypt’s Prime Minister Mostafa Madbouly inaugurated and inspected a series of major industrial projects in Alexandria’s Borg El Arab industrial zone on Sunday. Madbouly highlighted Egypt’s strategy to deepen local manufacturing, boost exports, attract foreign investment, and create jobs across
Egypt advances electricity market reform through partnership with Nexus Analytica
Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, has held talks with Nexus Analytica to explore cooperation on developing the regulatory framework governing the country’s electricity market, as part of ongoing efforts to strengthen governance, transparency, and private-sector participation