Egypt’s tourism sector contributed around 24% of the country’s GDP in 2023, recording around EGP 953 billion – almost 21% above its previous highest level, revealed the latest report by the World ...

Halliburton marks 25 years of hydraulic fracturing in Egypt, announces AI platform "Zeus iQ" to enhance production efficiency.

Artificial intelligence is making its way into Egyptian asset management firms as those looking to utilize AI-powered financial advisors can now look to the Financial Regulatory Authority’s (FRA) ...

Egypt's banking sector saw a significant decline in net foreign assets (NFA) in December 2024, according to the latest data from the Central Bank of Egypt (CBE), slipping to $5.23 billion in December, ...

Egypt will launch the second edition of its National Artificial Intelligence (AI) Strategy at the beginning of 2025, announced Minister of Communications and Information Technology, Amr Talaat, during ...

The Automotive Market Information Council (AMIC) issued a report showing that car sales numbers in Egypt increased by 15% in September 2023 compared to September 2022. In September 2023, 7,887 ...

The Spanish company World Health Management (WHM) has proposed establishing a medical data center in Egypt to serve the Arab region, with an estimated investment of $1.8 billion. The announcement came ...

The banking sector grew significantly in February, with the total consolidated financial position of banks operating in the local market—excluding the Central Bank of Egypt (CBE)—rising to EGP 22.039 ...

This initiative aims to offer affordable financing solutions for young entrepreneurs, with a particular focus on priority sectors that drive production and innovation.

Egypt’s non-petroleum manufacturing sector recorded a 5.9 percentage point increase in growth, reaching 7.1% in Q1 FY2024/2025, compared to 1.2% in the same period of FY2013/2014, according to a ...

Egypt’s ready-made garment exports experienced a significant boost in the first quarter of 2025, rising by 24% to reach $812 million, up from $656 million in the same period last year, according to ...

Goldman Sachs maintains a cautiously optimistic outlook for Egypt’s economy, despite concerns over inflation, a weakening currency, and slow progress on structural reforms, the bank expects interest ...