News
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Egypt’s first digital factoring license secured by FinTech oliv
According to FRA reports, the size of Egypt’s factoring industry in 2023 amounted to LE 44 billion, serving just 605 clients.
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Pharmaceuticals and food sectors key focus of Saudi ministers’ Egypt trip
Alkhorayef met with senior Egyptian officials and major private sector leaders to highlight Saudi Arabia’s competitive investment environment.
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Egypt to drill 46 new oil, gas wells with $748.5M investment
Minister of Petroleum and Mineral Resources, Karim Badawi, announced that 15 agreements are currently being negotiated.
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China's XinFeng to develop $1.7bln industrial complex in Egypt
Chinese steel maker XinFeng will develop a $1.65 billion industrial complex in the Ain Sokhna Integrated Zone, part of the Suez Canal Economic Zone.
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EUR 77M German Aid to Boost Egypt’s Growth Goals
The funding agreement underscores Germany’s commitment to supporting sustainable growth in Egypt.
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Food industry represents almost 14% of Egypt’s total exports
The food industry contributes approximately 14% of Egypt’s total exports, emphasizing its importance in driving economic growth.
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Amea Power commissions 500 MW solar plant in Egypt
Amea Power has held an inauguration ceremony for a 500 MW solar installation in southern Egypt.
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President al-Sisi signs law obliging EDSCO to build logistics station at Alex. Port
EDSCO will be obliged to implement the project in 30 years, starting on the date of land acquisition.
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Egypt, Saudi Arabia strengthen economic ties across industrial, mining cooperation
The high-level meeting, attended by senior officials from both nations, focused on advancing mutual investments and fostering economic integration.
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What we know about Abydos 1 solar power plant
The Abydos 1 Solar Power Plant, inaugurated on Saturday by Prime Minister Mostafa in Aswan, is one of Africa's largest solar power plants.
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Grand Egyptian Museum Signs MoU to Empower Egyptian Artisans
The agreement aims to empower Egyptian artisans by providing them with the resources, expertise, and a platform at the GEM’s official gift shop.
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Tetra Pak® and Uniboard Inaugurate Egypt’s First Used Beverage Carton Recycling Facility
With a joint investment of €2.5 million, the recycling facility spans 1,000 square meters and has a capacity to recycle 8,000 tons.
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Egypt’s steel industry giant EZZ Steel to delist its shares from EGX
EZZ Steel, one of the fastest-growing steel producers in Egypt, is known for its technological advancements.
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Egypt Allocates EGP 10Bn For Digital Infrastructure In Public Universities
The Ministry is committed to leveraging technology to transform education, improve content delivery, and boost student engagement
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Egypt, US to promote trade, Investment in healthcare Sector
More than 60 American businesses had a call with the Egyptian Minister of Investment and Foreign Trade Hassan ElKhatib to promote US-Egypt trade.
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Egypt Boosts Power Grid With $500 Million Solar Plant
The Abydos Solar PV Plant, developed by the Dubai-based energy firm AMEA Power, boasts a capacity of 500 megawatts and was completed in 18 months.
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Egypt signs 2 contracts in food industries, textiles worth $38 mln
Chairman of the Suez Canal Economic Zone (SCZone), Waleed Gamal El-Din, signed two new contracts for food industries and textile projects.
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Robbiki Leather City Attracts Investors with Ready-Built Factories, Flexible Payment Plans
This initiative aims to position Robbiki Leather City as the first specialized global hub for leather manufacturing in the Middle East and Africa.
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Egypt Aims To Lead Middle East Marble Exports
Government initiatives focus on Schuq al-Thuban region for marble and granite production growth.
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Visa launches "Tap-to-Add Card" in Egypt
Visa introduces the Tap to Add Card feature in Egypt, simplifying digital payments and enhancing user convenience.