FSRU Energos Power arrives at Alexandria Port to boost summer gas supply
The Energos Power, a new Floating Storage and Regasification Unit (FSRU) operated by US-based New Fortress Energy, has docked at the southern berth of the Tahya Misr terminal in Alexandria…
NBE, Banque Misr cut EGP savings rates by 1%, halt USD certificates with local currency payouts
The National Bank of Egypt (NBE) and Banque Misr announced interest rate cuts of 1% on their Egyptian pound-denominated savings certificates, effective Tuesday, May 27, 2025. Both banks also suspended…
16 FinTech firms licensed, leading digital transformation in non-banking sector: Egypt’s FRA
Sixteen companies have obtained financial technology (FinTech) licences from Egypt's Financial Regulatory Authority (FRA) and are spearheading digital transformation efforts in the non-banking sector, its chairperson Mohamed Farid said on…
Egypt’s Al-Sisi meets US business leaders, promotes investment opportunities
Egyptian President Abdel Fattah Al-Sisi met with a US business delegation in Cairo on Monday, discussing enhanced economic cooperation and investment opportunities, the Egyptian presidency said. The delegation, participating in…
Germany, Egypt ink €118m finance deal, new €21m debt swap tranche
Egypt and Germany signed a €118m (approx. EGP 6.7bn) financial cooperation agreement to support education and the energy pillar of Egypt's "NWFE" programme, alongside a new €21m (EGP 1.2bn) debt…
New Alamein City to host Egypt International Sculpture Symposium, “ART SPACE”
New Alamein City is preparing to host two international art events in 2025: the first Alamein edition of the Egypt International Sculpture Symposium from 6 to 30 August, and the…
Egypt launches “Memory of the City” app to document urban history
Egypt has launched the "Memory of the City" smartphone application, designed to document the history of Egyptian cities, with officials stating its aim is to protect national identity and preserve…
Ancient Coptic structure with significant murals discovered in Egypt’s Assiut
An Egyptian archaeological mission has discovered a mud-brick building dating from the 6th to 7th centuries AD, along with a number of significant coloured murals, in the Manqabad area of…
Egypt’s health budget jumps to EGP 406bn, up from EGP 34bn in 2013: Minister
Egypt’s healthcare spending has seen a dramatic increase, rising from EGP 34bn in 2013 to EGP 406bn in 2025, according to Khaled Abdel Ghaffar, Deputy Prime Minister and Minister of…
Egypt completes first comprehensive review of non-tax fees to reduce investor burdens, increase transparency
Minister of Investment Hassan El-Khatib announced a major milestone in Egypt’s ongoing economic reform agenda: the completion of the country’s first comprehensive inventory of non-tax fees and financial obligations imposed…