Egyptian economist says tourism, exports key to recovery
Tourism and exports will be central to Egypt’s economic recovery in the coming period, economist Sayed Khodr has said. Khodr told local outlet Egyptic that both sectors are vital for…
Egypt says new Israel gas deal is commercial, not political
Egypt’s State Information Service said Thursday that a recently announced natural gas deal with Israel is strictly commercial and carries no political implications. SIS Chairman Diaa Rashwan called the agreement…
Economist warns poverty in Egypt could reach 38% amid inflation
Egyptian economist Alia El‑Mahdi said poverty levels in Egypt may have risen to 37–38% of the population following sharp price increases in recent years, compared with the official figure of…
Egypt secures $35 billion gas deal with Israel, boosting regional role
Egypt has signed a landmark agreement with Israel to import natural gas from the Leviathan field, a deal worth about $35 billion through 2040 that cements Cairo’s position as a…
Egypt expert says higher housing tax exemption eases burden
Raising the exemption threshold for housing under Egypt’s property tax law is an important step to ease the burden on citizens, economic legislation expert Walid Gaballah said Tuesday. Gaballah noted…
Egypt plans major changes to property tax law
Egypt’s government is preparing sweeping amendments to the property tax law aimed at easing burdens on homeowners and boosting investment, officials said Monday. Finance Minister Ahmed Kojok announced that the…
Egypt’s Suez Canal economic zone reports $12.96 billion in investment deals
Egypt’s Suez Canal Economic Zone has signed investment contracts worth $12.96 billion over the past three fiscal years and into the current one. Walid Gamal El‑Din, head of the zone,…
Qatari firm to build Egypt’s first sustainable aviation fuel plant
A Qatari company will invest in Egypt’s first project to produce sustainable aviation fuel from recycled cooking oil, officials said Monday. Walid Gamal El‑Din, head of the Suez Canal Economic…
Egypt unveils details of high‑speed electric rail network
Egypt’s Transport Ministry has outlined plans for a new high‑speed electric rail network that will include three types of trains, officials said Sunday. The fastest, the Velaro high‑speed train, will…
Egypt Targets $145 Billion in Exports by 2030
Egypt aims to become a regional industrial and trade hub by 2030, with plans to raise exports to $145 billion, a leading business figure said Sunday. Hayman Abdullah, a member…