Read the latest news from regional and global sources, presenting different voices and perspectives.
Egypt Commits to Green Energy With Major Solar and Wind Projects
Egyptian Streets
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July 1, 2025
Cairo is redrawing the map of its energy future with a USD 1.6 billion (EGP 79.36 billion) handshake sealed with Norwegian developer Scatec to build a 1 gigawatt (GW) solar plant and a wind energy project, beginning an ambitious push toward...
Egypt’s Economy Sees Strong GDP Growth in Q3 Amid Global Challenges
Egyptian Streets
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July 1, 2025
Egypt’s economy has demonstrated recovery by recording a GDP growth rate of 4.77% in the third quarter of the fiscal year 2024/2025 as reported by the Ministry of Planning, Economic Development and International Cooperation on Monday 30 June. This...
Egypt Sees Extremely Hot, Humid Weather on Tuesday, Cairo 37°C
Sada Elbalad
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July 1, 2025
Tue 01 Jul 2025 | 08:13 AM The Egyptian Meteorological Authority (EMA) predicts extremely hot and humid weather will prevail in most of the country during Tuesday's daylight hours. Hot and humid weather is also expected to hit the North Coast. The...
Egypt's non-oil manufacturing sector records 16% growth in Q3 FY2024/25
Zawya
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Arab Finance: The non-oil manufacturing sector maintained its solid growth for the fourth consecutive quarter, hitting 16% during the third quarter (Q3) of fiscal year (FY) 2024/2025, as per a statement by the Minister of Planning, Economic...
Egypt's real GDP rises to 4.77% in Q3 FY2024/25
Zawya
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Arab Finance: Egypt’s real gross domestic product (GDP) growth increased to 4.77% in the third quarter (Q3) of fiscal year (FY) 2024/2025, according to an official statement by the Ministry of Planning, Economic Development, and International...
Egypt: Middle East Glass Manufacturing unveils $0.1285/share dividends for 2024
Zawya
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Arab Finance: Middle East Glass Manufacturing Company (MEGM) unveiled cash dividends valued at $0.1285 to shareholders for 2024, as per a bourse filing. MEGM will disburse the dividends on July 7th, 2025. Shareholders of record date of July 14th...
Egypt: Gemma sees $16mln trading transaction on EGX
Zawya
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Arab Finance: El Ezz Porcelain (Gemma) witnessed a trading transaction valued at EGP 817.920 million, the Egyptian Exchange (EGX) announced on June 30th. The transaction was executed on 34.080 million issued shares. Established in 1989, Gemma has...
Egyptian FM phones Iranian FM, IAEA director to resolve nuclear issue
MENAFN
·
July 1, 2025
(MENAFN) Egyptian Foreign Minister Badr Abdelatty held phone conversations on Monday with Iranian Foreign Minister Seyed Abbas Araghchi and International Atomic Energy Agency (IAEA) Director General Rafael Grossi, focusing on diplomatic efforts to...
Egypt: Badawi reviews Agiba Petroleum’s production performance, plans
Zawya
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Arab Finance: Minister of Petroleum and Mineral Resources Karim Badawi has reviewed Agiba Petroleum Company’s plans and latest developments in oil and gas exploration and production, according to a statement. Badawi met with the company's...
Egypt finalizes $900mln debt swap deals with partner countries: Madbouly
Zawya
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Arab Finance: Egypt succeeded in finalizing debt swap agreements at a value exceeding $900 million with partner countries, Prime Minister Mostafa Madbouly announced. Part of the funds were allocated as part of the Nexus of Water, Food, and Energy...
Egypt Holds Talks with Iran's Foreign Minister, IAEA Chief
MENAFN
·
July 1, 2025
(MENAFN) On Monday, Egyptian Foreign Minister Badr Abdelatty engaged in critical discussions with Iranian Deputy Foreign Minister Seyed Abbas Araghchi and International Atomic Energy Agency (IAEA) Director General Rafael Grossi, focusing on the...
AgriCash raises seed round to drive inclusive agri-fintech innovation in Egypt
Wamda
·
July 1, 2025
Egypt-based agri-fintech AgriCash has raised an undisclosed seed funding round led by Alex Angels, with participation from regional investors. Founded by Diaa Youssef and Mostafa El-Sehli in 2024, AgriCash provides farmers with a digital financing...
Putin approves Egypt’s repayment of Dabaa nuclear plant loan in Russian rubles
Egypt Independent
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July 1, 2025
Russian President Vladimir Putin ratified the annex to the agreement concluded with Cairo on the terms of Egypt’s repayment of the loan to finance the Dabaa nuclear power plant project. The Dabaa plant is being built by the Russian state-owned...
Contact Creditech obtains FRA license to expand digital consumer finance in Egypt
Zawya
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Arab Finance: Contact Financial Holding announced that its digital consumer finance arm, Contact Creditech, has obtained a fintech license from the Financial Regulatory Authority (FRA), as per an emailed press release. Accordingly, the company...
Animal disease disrupt the export recovery path of the SA red meat industry
Politicsweb
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Wandile Sihlobo says SA should increase its investment in animal health by allocating better resources to infrastructure 30 June 2025 We are halfway through 2025, and if you were to ask any cattle farmer in South Africa, how has the year been?...
Egypt: Al Safy Group invests $80mln to expand factory in 6th of October City
Zawya
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Egypt - Al Safy Group is investing $80m to expand its factory in 6th of October City, aiming to increase production capacity and meet rising demand for its high-tech product lines. Global tech giant Xiaomi has chosen the facility to manufacture...
Egypt’s Environment Minister calls for stronger action on desertification, climate resilience in Africa
Zawya
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Egypt’s Minister of Environment, Yasmine Fouad, has warned that climate change and desertification pose critical threats to Africa’s security and stability, urging coordinated regional action and increased investment in sustainable environmental...
Half of exporters’ dues for pre-June 2024 shipments to be paid in cash starting August 7: Egypt's minister
Zawya
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Egypt - Ahmed Kouchouk, Minister of Finance, announced that 50% of the outstanding dues owed to exporters for shipments made before the end of June 2024 will begin to be paid in cash over a four-year period, starting from the 2025/2026 fiscal...
Egypt's FM discusses Iranian nuclear issue with Iran's FM, IAEA chief
Xinhua News Agency
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CAIRO, June 30 (Xinhua) -- Egyptian Foreign Minister Badr Abdelatty on Monday held phone conversations with his Iranian counterpart, Seyed Abbas Araghchi, and the International Atomic Energy Agency (IAEA) chief Rafael Grossi on the resolution of...
Egyptian fintech Valu’s market cap hits $370 million after blockbuster EGX debut
MENAbytes
·
June 30, 2025
Egyptian fintech Valu’s market cap reached $370 million as of close of trading today, following a blockbuster debut on the Egyptian Exchange (EGX) last week that saw shares surge 852.4% from their opening price of EGP 0.78 to close at EGP 7.40,...