Paradise Textiles is set to build a major new fabric manufacturing facility in Egypt with a $102 million investment. The project promises 1,200 new jobs...
Fitch Forecasts Egypt Construction Growth to Hit 6.6 Percent by 2028
Egypt's construction industry is gearing up for stronger days ahead. A new report from Fitch Solutions predicts solid acceleration with growth reaching 6.6 percent by...
Tally Solutions Expands Partners in Saudi to Boost SME Growth
Tally Solutions just strengthened its reach in Saudi Arabia with new local partners in Riyadh. This move aims to give small and medium businesses better...
Iraq Becomes Major Buyer of Egyptian Food Exports With Over $230 Million in Imports in 2025
Iraq’s appetite for Egyptian food products has surged in 2025, with imports jumping by more than $50 million compared with the previous year. New export...
Dollar Climbs to 52.62 Against Egyptian Pound in Sunday Trading
The US dollar pushed higher against the Egyptian pound by the close of trading on Sunday. It reached EGP 52.62 for selling at the Central...
Hormuz Shutdown Exposes Saudi Oil Vulnerabilities
The Strait of Hormuz lies effectively paralyzed after U.S.-Israeli strikes and Iranian threats. Saudi Arabia, the world's largest oil exporter, now confronts risks it long...
Egypt Appliance Prices Skyrocket 200 Percent Amid Currency Volatility
Egyptian families are facing a harsh new reality. Home appliance prices have surged nearly 200 percent due to currency swings and supply issues. Experts say...
Egypt Caps Private Bread Prices to Shield Millions From Rising Inflation
Egypt has moved again to control the cost of a food item that is central to daily life for millions of people. The government has...
Egyptian Companies Seal Deal for 365 MW Power Plant in Mauritania
Egyptian firms have signed a major agreement to build a 365 megawatt power plant in Mauritania. The project will use local natural gas to generate...
Egypt Pledges Relief Aid to Lebanon as Displacement Crisis Grows
Egyptian President Abdel Fattah El-Sisi has confirmed Cairo's readiness to send humanitarian relief to Lebanon, as the country faces its worst displacement crisis in years....
Egypt Hikes Fuel Prices Up to 30% as Iran War Rocks Oil Markets
Egypt shocked millions of citizens early Tuesday morning by raising fuel prices across the board, with some jumping as much as 30 percent. The government...
Egypt Keeps Bread Prices Stable While Fuel Costs Surge Amid Global Energy Crisis
Egypt is racing to shield its citizens from rising costs after a sharp increase in fuel prices, while still promising that the price of subsidized...
Iranian Strike Kills Two Bangladeshi Workers in Saudi Arabia
The escalating geopolitical instability in the Middle East took a tragic human toll on Monday when an Iranian airstrike hit the city of Al-Kharj. Local...
Egyptian Pound Hits Historic Low of 52 Amid Regional War
The economic shockwaves of the escalating conflict in the Gulf have hit Cairo hard. On Sunday, the Egyptian pound crashed past the psychological barrier of...
Egyptian Pound Crashes to Record Low as Regional War Shocks Markets
Egypt’s economy is facing a severe shock as its currency, the Egyptian pound, plunged to its lowest value on record against the US dollar. The...
Egypt Cuts Street Lights to Save Power as Oil Prices Soar
Egypt has rolled out tough new steps to cut electricity use across the country after global oil prices jumped above 115 dollars a barrel. The...