News

Egypt is seeking to attract major global automakers to localise the production of electric vehicles and components as part of a national strategy to meet domestic demand and expand exports, Prime Minister Mostafa Madbouly said on Tuesday. The Prime Minister stated that the government is prioritising the National Automotive Manufacturing…

Egypt’s real estate sector is undergoing a comprehensive transformation aimed at enhancing transparency, standardising practices, and attracting foreign investment, according to Ahmed Ibrahim, Vice Chairperson of the New Urban Communities Authority (NUCA) for Planning and Projects and Deputy Minister of Housing, Utilities and Urban Communities. During AmCham Egypt Annual Real…

The Central Bank of Egypt (CBE) has signed a memorandum of understanding to launch the country’s first specialised diploma in artificial intelligence (AI) for the banking sector, Governor Hassan Abdalla announced on Tuesday. The initiative, launched under the “Digital Academy” of the CBE’s FinTech Egypt, is a collaboration between the…

Egypt’s non-oil exports rose by 17% to $48.567bn in 2025, up from $41.507bn in 2024, while the trade deficit narrowed by 9% to $34.447bn, according to the latest foreign trade indicators reviewed by Minister of Investment and Foreign Trade Hassan El-Khatib. The figures were presented in a report by Essam…

Egypt’s National Centre for Planning Stateland Uses (NCPSLU) has approved the allocation of 6,050.68 acres for the establishment of New Matrouh City and the transfer of 46 land plots to the “Future of Egypt” for Sustainable Development project. The decisions, made during the council’s 85th session at its New Administrative…

Cairo, Egypt – January 2026 – Beyti – an Almarai subsidiary, has been certified as a Top Employer in Egypt for 2026 by Top Employers Institute, marking the second consecutive year the company has received this prestigious recognition. The certification underscores Beyti’s ability to build a high-performing workplace through data-driven…

Egyptian Ministry of Petroleum and Mineral Resources announced the export of a new shipment of liquefied natural gas (LNG) this January to Shell, from the Idku LNG Terminal. The shipment, totaling approximately 150,000 cubic meters, was transported aboard the tanker “Methane Bekki Anne” to a Turkish port. This export is…

Gulf countries are accelerating their geopolitical and economic diversification across Africa, with renewable energy emerging as a central pillar of this strategy. This push responds in part to the structural infrastructure and capacity deficits facing North African states, underscored in Egypt in 2024, when declining domestic production and rising demand…

Private equity firm Adenia Partners has signed definitive agreements to acquire a majority stake in Egypt’s Parkville Pharmaceuticals from Admaius Capital Partners and the company’s founders, the parties announced on Monday. The transaction, which remains subject to customary closing conditions and regulatory approvals, marks the first exit for Admaius Capital…

Egypt’s Minister of Health and Population Khaled Abdel Ghaffar met with a delegation from China’s Mindray, a leading global manufacturer of medical equipment, to discuss strengthening cooperation in localising medical device manufacturing—particularly smart imaging technologies—and expanding the deployment of smart hospitals across Egypt, the Ministry of Health said. Ministry spokesperson…