Remittances from Egyptians abroad hit $33.9bn in 10M of 2025: CBE
Remittances from Egyptians working abroad recorded unprecedented inflows during the first 10 months of 2025, reaching approximately $33.9bn, compared with around $23.7bn in the same period of the previous year, the Central Bank of Egypt (CBE) announced on Sunday. On
India’s Taj brand enters Egypt to operate Cairo’s historic Continental Hotel
India’s Taj Hotels will enter the Egyptian market for the first time to manage and operate Cairo’s historic Continental Hotel under an agreement signed on Sunday, marking a strategic step to revive the 19th-century landmark. The contract was signed at
Egypt’s Prime Minister orders advanced tech overhaul of Cairo airport on Al-Sisi’s instructions
Egypt’s Prime Minister Mostafa Madbouly has announced the implementation of advanced operating systems at Cairo International Airport, following strict instructions from President Abdel Fattah Al-Sisi to integrate the latest navigation and ground operation technologies. Speaking during an extensive inspection of
Cairo and Beirut seek deeper economic integration through private sector and infrastructure projects
Cairo and Beirut seek deeper economic integration through private sector and infrastructure projects, according to Egyptian Prime Minister Mostafa Madbouly, as the two nations move to expand a bilateral trade relationship that surpassed $1bn in 2024. Speaking at an economic
PM says Egypt’s non-oil exports expected to reach $48-50bn this year
Egypt expects its non-oil merchandise exports to reach between $48bn and $50bn by the end of the current year, marking a 20% annual growth rate, Prime Minister Mostafa Madbouly said on Wednesday. Speaking at a weekly press conference, Madbouly stated
Cabinet grants golden licenses to MAC, Deli Egypt for EGP 15.1bn in new investments
The Egyptian Cabinet, chaired by Prime Minister Mostafa Madbouly, approved a package of major decisions during its 71st meeting, underscoring efforts to localise industry, attract foreign investment, expand clean energy, and support regional development. Chief among the approvals was the
Chemical industries investments in Egypt to reach $1.8bn in 2026-2027: Export Council
Egypt’s Chemicals and Fertilizers Export Council, chaired by Khaled Abou El Makarem, is preparing a comprehensive memorandum to be submitted to Prime Minister Mostafa Madbouly before 15 January, proposing a set of executive measures to stimulate industrial investment, expand production
MSMEDA signs EGP 300m financing agreement with Reefy
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has signed a financing agreement worth EGP 300m with Reefy Microfinance Enterprise Services to support micro enterprises across Egypt. The agreement was signed by Mohamed Medhat, Deputy CEO of MSMEDA, and
Egypt, Italy’s Eni discuss healthcare partnership to operate two hospitals
Prime Minister Mostafa Madbouly met executives from Italy’s Eni and the San Donato Hospitals Group on Monday to discuss cooperation in community development within the healthcare sector, including the management and operation of two hospitals in Cairo and the New
PM Madbouly urges investors to ‘double’ stakes as Egypt trade deficit hits 10-year low
Prime Minister Mostafa Madbouly urged business leaders to “double” their investments in Egypt on Monday, citing the country’s lowest trade deficit in a decade and record non-oil exports as evidence of a “vast and promising” economic climate. Speaking at a