Latest news
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Egypt to offer Hurghada airport to private sector by end of 2025
President El-Sisi issued directives to proceed with developing Egyptian airports through international partnerships.
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Egypt pens $200mln deal with China’s Sunrev Solar to build solar energy complex in Sokhna
The project will be developed by Chinese company Sunrev Solar with total investments of $200 million.
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United Bank Ranks Among Egypt’s Top 50 Public Companies
Forbes’ ranking methodology was based on audited financial data collected from the Egyptian Exchange.
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Green light for VAT increase on cigarettes, alcohol and crude oil
The measure is part of a broader package of fiscal measures promoted by the government to reduce the budget deficit.
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Egyptian logistics startup Octane raises $5.2m to transform fleet payments across MENA
Founded in 2022, Octane is a Cairo-based fintech offering a closed-loop digital wallet for fleets.
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Egypt grants six exploration blocks in Mediterranean, Nile Delta, and North Sinai
Additionally, two onshore blocks in the Nile Delta and North Sinai were granted to IPR and Perenco, respectively.
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China's home appliance giant empowers local talent
The factory sits within the 200,000-square-meter Haier Egypt Ecological Park, officially opened in May 2024 in the 10th of Ramadan City.
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New BSH plant in Egypt marks milestone for future growth in the African market
This facility is the company's first production site on the African continent and represents a significant investment in the Egyptian market.
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Egyptian Firms Sign Final Contracts with Chinese Consortium to Build Chemical Plant
Egyptian participants in the project include leading fertilizer producer, Abu Qir Fertilizers, state-owned Misr Phosphate and others.
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Lloyd’s Register Signs Strategic Collaboration with DAI Infrastruktur for Green Ammonia Project
LR will deliver comprehensive advisory services for the landmark green ammonia production facility in Egypt.
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Egypt’s Al-Sisi reviews plan to engage private sector in airport development
Egypt eyes private sector to operate 11 airports, starting with Hurghada, to attract 30M tourists, signaling major investment opportunities.
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MNT-Halan’s Tasaheel concludes Egypt’s first SME-focused issuance at $94mln
MNT-Halan's Tasaheel completes Egypt's first and largest SME-focused securitization at EGP 4.7B, boosting financial inclusion and growth.
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Egypt’s Mashat Meets Chinese Business Leaders To Boost Investment
Egypt's Minister Mashat invites Chinese business leaders to invest, highlighting reforms and Egypt's role as a regional market gateway.
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Egypt set to become regional industrial hub across ME, Africa
Egypt is poised to become a regional industrial powerhouse across the Middle East and Africa, attracting leading global manufacturers.
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Investment Minister urges petrochemical companies to bolster partnerships with Egypt
Egypt's Investment Minister urges global petrochemical firms to invest, aiming for industrial expansion, local needs, and export growth.
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EBRD, Emirates NBD Egypt partner to boost private sector financing with $25mln facility
EBRD and Emirates NBD partner for a $25M risk-sharing facility, boosting finance for Egyptian private firms, especially exporters and youthled venture
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Global companies have confidence in Egypt’s investment climate
Jumia opens a logistics warehouse in Egypt, reflecting global confidence in the investment climate, digital economy, and e-commerce growth.
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EFG Hermes leads Specialized Medical Company’s debut on Tadawul
EFG Hermes successfully advises on Specialized Medical Company's IPO on Tadawul, with strong investor interest for SAR 6.25B market cap.
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Israeli gas exports to Egypt rebound to 1 bln cubic feet a day after Iran truce
Israeli natural gas exports to Egypt rebound to 1 bcf/d after a ceasefire, impacting Egypt's energy supply and industrial sectors.
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Opella Egypt leads with purpose at Africa Health ExCon
Opella Egypt, a B Corp certified company, promotes sustainable healthcare and innovative e-Labelling at Africa Health ExCon, reducing waste.