News Egypt: Egypt stock market plunges on reports of new taxes
CAIRO (AP) — Egypt’s stock market witnessed a sharp plunge Sunday that forced a temporary suspension of trading after reports of a newly proposed government tax on capital gains which experts said was ...
News Egypt: Mitsubishi Power and Egypt’s Damietta LNG Sign Long Term Service Agreement to Enhance Power Supply Reliability and Availability
Cairo, Egypt, Nov 1, 2022 – (JCN Newswire) – Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), signed a Long Term Service Agreement (LTSA) with Damietta LNG (DLNG), ...
News Egypt: Damietta Port hits record-breaking cargo volume in 2025/26 annual run
Egypt's Damietta Port achieved a historic milestone, handling a record 46.4 million tonnes of cargo, driven by major modernisation and efficiency gains.
News Egypt: Egypt’s currency edges higher against the US dollar after price hikes
Read full article: Woman dead after vehicle hit her while crossing South Side road, SAPD says Hebert Kaleth Ibarra Castro (right) is no longer in U.S. Immigration and Customs Enforcement custody after ...
News Egypt: SOUEAST Launches S06 DM and S08 DM in Egypt —Comprehensive Product Portfolio Drives Market Growth
CAIRO, July 09, 2026 (GLOBE NEWSWIRE) -- SOUEAST has introduced two hybrid SUVs in Egypt— the S06 DM and S08 DM, marking the brand's debut in the country's new energy vehicle market. With these new models, SOUEAST's Egyptian lineup now covers both the C- and D-segments, encompassing both fuel-powered and new energy vehicles to cater to a broader range of local mobility needs. SOUEAST Expands Hybrid Lineup in Egypt with Local Market Insight With growing demand for urban commuting and multi-passen
News Egypt: JETOUR Wins Multiple Awards at Egypt's Car of the Year 2026
CAIRO, Egypt, July 08, 2026 (GLOBE NEWSWIRE) -- JETOUR Auto received multiple awards at Egypt's Car of the Year 2026. The JETOUR brand was honored with the Special Excellence Award – Best Sales Growth Difference in the Chinese Automotive Sector. The JETOUR T2 was named Best SUV Crossover Sports Car in Egypt, while the JETOUR X70 PLUS received the award of Best Locally Manufactured 7-Seater Car in Egypt. Product Portfolio Tailored to Local Market Needs Since entering the Egyptian market, JETOUR h
News Egypt: How Volatile Is Bitcoin Compared To Other Assets
High volatility creates short-term uncertainty across crypto markets, which can lead to temporary losses, triggering panic selling. For instance, bitcoin's recent crash from a price of more than ...
News Egypt: Ghana’s new ambassador to Egypt pledges stronger trade and investment ties
Ghana's newly accredited Ambassador to the Arab Republic of Egypt, Prof. J. S. Korantwi-Barimah, has reaffirmed his commitment to strengthening the longstanding relations between Ghana and Egypt, with a renewed focus on economic diplomacy, trade, investment, and people-to-people cooperation.
News Egypt: Egypt: Switching To Cashless
The public and private sectors are pushing hard to boost the adoption of digital payments. Fintech has become a buzzword on the streets of Cairo. In 2021, financial technology investments in Egypt ...
News Egypt: Annual inflation rate in Egypt reaches new high as currency surges
Egypt's annual inflation surged to a new high in January as the country continues to battle ongoing price hikes and a depreciating currency, the Egyptian statistics bureau said on Thursday. The ...
News Egypt: Egypt begins talks over $5B loan, minister says
The negotiations, which started last week, are headed by the central bank, the minister said. He gave no details on what kind of loan Egypt is seeking. Egypt's central bank governor did not respond to ...
News Egypt: AmCham Forum Showcases Business Opportunities in Egypt
From May 25 to 26, the American Chamber of Commerce in Egypt (AmCham Egypt), in collaboration with the U.S. Chamber of Commerce, the U.S.-Egypt Business Council and the Egypt-U.S. Business Council, ...
News Egypt: Egypt's economy can weather more Red Sea attacks, says finance minister
AL-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...
News Egypt: Iran Conflict Sparks Risk, And Opportunity, For Egypt: CIB CEO Hisham Ezz Al-Arab
As CEO and board member of Commercial International Bank (CIB), Egypt’s largest private-sector bank, Hisham Ezz Al-Arab sees first-hand how the war is shaking regional financial markets, disrupting ...
News Egypt: How Red Sea attacks prepared Egypt’s economy for future shocks
The Red Sea ship attacks may have dented Egypt’s economy, costing billions of dollars in lost Suez Canal fees, but they also forced much-needed change, according to the head of Egypt’s largest private ...
News Egypt: Egypt’s banks increase focus on consumer opportunity
Egypt’s supportive regulation, together with the impact of Covid, saw cashless payments in the country grow by more than 230% last year. Now fintechs, banks and state-owned platforms all want a piece ...
News Egypt: Emirati and Egyptian central banks agree to a currency swap deal as Egypt’s economy struggles
CAIRO — The central banks of the United Arab Emirates and Egypt agreed Thursday to a currency exchange deal, which could bolster the struggling Egyptian economy. A joint news release said the agreement would allow the two central banks to exchange up to 5 billion Emirati dirhams and 42 billion Egyptian pounds, or roughly the equivalent of […]
News Egypt: Türkiye, Egypt vow to boost trade ties at Ankara roundtable
Türkiye's trade body head Hisarciklioglu, and Egypt’s Foreign Minister Abdelatty, during delegation-level talks, aim to push bilateral trade volume to $15B, as they renewed cooperation across key sectors - Anadolu Ajansı
