Egypt reaffirmed its role as a cornerstone of regional stability and diplomacy during the Sharm El-Sheikh Peace Summit held on 13 October, co-chaired by President Abdel Fattah El-Sisi and U.S. President Donald Trump. The landmark gathering, which united leaders from over twenty nations to endorse a peace declaration supporting the Hamas–Israel agreement, also opened the door to significant economic opportunities for Egypt. Beyond its diplomatic success, the summit positioned Egypt as a key player in the region’s post-conflict reconstruction and trade revival. By leading the path toward peace, Cairo stands to benefit from increased investment flows, expanded regional partnerships, and…
Author: Rana Salem
At the World Energies Summit in London, Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, unveiled an ambitious five-year strategy aimed at transforming Egypt into a leading regional energy hub. The plan includes drilling 480 new oil and gas exploratory wells backed by $5.7 billion in investments, a move that underscores Cairo’s commitment to expanding energy production, modernizing infrastructure, and attracting global capital. Specifically, in 2026 alone, Egypt intends to drill 101 wells distributed across key regions: 67 wells in the Western Desert, 9 wells in the Gulf of Suez, 14 wells in the Mediterranean Sea, and 6 wells…
Egyptian billionaire Nassef Sawiris is launching a new chapter in his global business empire, with plans to invest up to $50 billion in US infrastructure projects through a landmark merger between OCI Global and Orascom Construction PLC. The combined company will be headquartered in Abu Dhabi, marking a strategic pivot that connects Egypt’s industrial legacy with the future of international infrastructure investment, according to his interview with the Financial Times in September. Sawiris — Egypt’s richest man and owner of Aston Villa Football Club — is finalizing a restructuring of his Dutch-listed chemicals and fertilizer group, OCI Global, following more…
Private investment in Egypt rose to 47.5% of total executed investments in fiscal year 2024/2025, its highest level in five years, according to new data from the Ministry of Planning, Economic Development, and International Cooperation. At the same time, public investment fell to 43.3%, signaling a significant shift in Egypt’s economic structure as the government seeks to empower the private sector and curb public spending. “Public investment decreased from EGP 627.5 billion in 2023/2024 to EGP 526.6 billion in 2024/2025, while private investment increased from EGP 474.7 billion to EGP 590.7 billion, indicating an expanding role of the private sector…
Egypt’s tourism and hospitality sector is entering a new phase of expansion as Sunrise Hotels and Resorts Group signed a landmark partnership with Minor International Hospitality Group, one of the world’s largest hotel operators, to develop and manage 50 new hotels across the country. The agreement — witnessed by Prime Minister Mostafa Madbouly, Minister of Tourism and Antiquities Sherif Fathy, Hossam El Shaer, Chairman of Sunrise Hotels and Resorts Group, and William E. Heinecke, Chairman of Minor International Hospitality Group — reflects the government’s intensified efforts to attract investment and expand hotel capacity in support of Egypt’s tourism growth strategy.…
Egypt is nearly doubling its planned investments in electricity and renewable energy to EGP 136.3 billion ($2.8 billion) for fiscal year 2025/2026, up from EGP 72.6 billion a year earlier, according to the Ministry of Planning, Economic Development, and International Cooperation. The sharp rise underscores Cairo’s determination to expand renewable capacity, modernize its grid, and reinforce its role as a regional energy hub. Expanding investment Egypt’s Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, said the government has earmarked EGP 136.3 billion for the sector in 2025/2026—nearly double last year’s allocation and higher than the EGP 95.8 billion…
Egypt’s Ministry of Petroleum and Mineral Resources has signed three new oil and gas exploration agreements worth more than $121 million, reinforcing Cairo’s efforts to attract foreign investment and expand its upstream activity. The deals, finalized on September 14, cover concessions in the Western Desert, the Gulf of Suez, and North Sinai, according to an official statement on September 16. Under the first agreement, Brenco Egypt secured rights to the North Sinai Offshore area, committing $46 million to drill three wells along with a $1 million signature bonus. The second agreement, covering the East Al Hamd concession in the Gulf…
Egypt’s financial inclusion rates have reached a record 76.3% of the adult population, according to the latest figures from the Central Bank of Egypt (CBE). In its update on the Financial Inclusion Strategy (2022–2025), the CBE reported that as of June 2025, more than 53.8 million citizens aged 15 and above actively use transaction accounts through banks, Egypt Post, mobile wallets, or prepaid cards. This marks a sharp rise from 74.8% in December 2024, underscoring the success of reforms aimed at expanding access to the formal financial system. Expanding inclusion for women and youth The CBE highlighted notable progress in…
Egypt’s government is drafting a legislative framework to regulate the burgeoning gold fund sector, Prime Minister Mostafa Madbouly announced on August 13, signaling a shift in how gold is viewed in Egypt. Once seen primarily as a hedge against inflation or a form of jewelry, gold is now poised to evolve into a dynamic investment class within the country’s growing capital markets. The proposed framework aims not only to regulate gold funds but also to establish internationally accredited gold refineries, positioning Cairo as a potential hub for both regional and global gold industries. This transformation is part of a broader…
After a prolonged period of currency fluctuations and fiscal challenges, Egypt’s economy is beginning to show tentative signs of stabilization—led by a modest strengthening of the exchange rate. In early August 2025, the Egyptian pound appreciated to EGP 48.40–48.50 per US dollar, according to Central Bank of Egypt (CBE) data, marking its strongest level in over a year. Unlike previous rebounds driven largely by short-term inflows or policy moves, the recent uptick may reflect gradual improvements in Egypt’s approach to economic and foreign exchange management. Exports, tourism, and remittances take the lead Improved trade dynamics have been central to the…