News

The Common Market for Eastern and Southern Africa has unveiled its COMESA Investment Map, an interactive digital platform presenting 180 nationally endorsed investment opportunities across seven priority sectors: agriculture, food industries, infrastructure, energy, supply chains, the digital economy, and technological transformation. The initiative was announced at the COMESA Investment Forum…

Egypt has launched the second phase of the development of the Ataba area in Cairo, as part of a wider government strategy to modernise urban markets and upgrade infrastructure in key commercial districts. Minister of Local Development and Environment Manal Awad announced that the new phase is fully funded under…

Egypt has mandated nationwide shop closures from 9:00 pm and introduced partial remote work to mitigate the economic impact of the war in Iran and a doubling of its monthly energy bill. Prime Minister Mostafa Madbouly told a press conference on Saturday that the conflict, which began one month ago,…

The International Monetary Fund (IMF), in its fifth and sixth reviews of the Egyptian economy, projected that tourism revenues would reach approximately $28.2 billion in fiscal year 2029-2030, around $26 billion in fiscal year 2028-2029, and $28.7 billion in fiscal year 2030-2031. The IMF also projected revenues of $23.6 billion…

Cairo, 26th March 2026 – Egypt Education Platform (EEP) and IE University have formalized a groundbreaking strategic partnership to expand international learning pathways and foster industry-aligned education. The partnership paves the way for annual student participation in IE’s summer and immersion programs, research collaborations, and executive training tailored for EEP…

Egypt’s Ministry of Transport has announced an increase in railway ticket prices alongside adjustments to some Cairo Metro fares, as part of ongoing efforts to restructure public transport pricing. According to a ministry statement, ticket prices for long-distance trains have risen by 12.5%, while short-distance routes have seen a steeper…

As military tensions continue to reshape the Middle East, Egypt is moving to solidify its financial defenses through deeper strategic cooperation with Beijing. In a high-level diplomatic call on Thursday, Egyptian Foreign Minister Badr Abdelatty and his Chinese counterpart, Wang Yi, discussed an urgent expansion of economic ties to mitigate the global fallout of the…

Egypt’s Ministry of Local Development and Environment said on Wednesday that governorates nationwide had raised maximum alert levels to respond to unstable weather conditions and varying rainfall intensity. Minister Manal Awad monitored the situation from the National Emergency and Public Safety Network operations centre in the New Administrative Capital, holding…

Egyptian President Abdel Fattah Al-Sisi on Wednesday called for removing obstacles facing investment and industrial sectors to boost local production and attract greater foreign and Arab investment, according to a presidential statement. Al-Sisi met with Prime Minister Mostafa Madbouly and a number of senior officials, including Deputy Prime Minister for…

Egypt is prioritising the rationalisation of petroleum and electricity consumption while securing the financial resources necessary for energy imports to ensure national stability amid ongoing regional conflict, Prime Minister Mostafa Madbouly said on Wednesday. Madbouly chaired a meeting with Minister of Electricity and Renewable Energy Mahmoud Esmat, Minister of Finance…