News
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Egypt's exports to Spain record €1.265B
Spain is the second-largest market for Egyptian exports, valued at €1.265 billion, with the total trade volume nearly €3 billion.
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Gov’t seeks to turn Egypt into regional, industrial hub
The ministry developed a different strategy for turning Egypt into a regional, industrial hub in cooperation with the World Bank, said Wazir.
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Polish Hynfra to establish green ammonia plant in Egypt with $1.6 bln
Polish company Hynfra will establish a plant to produce green ammonia in Egypt with an initial investment of $1.6 billion.
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Sherif El-Kilany appointed to oversee Egypt’s Customs Authority
Sherif Mohamed Fathy El-Kilany, Deputy Minister of Finance, has been appointed to oversee the Egyptian Customs Authority.
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Egypt, China to launch $7B agriculture complex in El Wadi El Gedid
The initiative’s first phase, set to cultivate 1,000 acres, is expected to conclude by September 2025.
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IFC to invest $605 mln for climate finance
$605 million to support climate finance, sustainable tourism, and financial inclusion for micro, small, and medium enterprises (MSMEs) in Egypt.
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LE10B allocation for dues owed to pharmaceutical companies by Egypt
This initiative aims to enhance medicine availability in the market and stabilize the pharmaceutical industry.
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President El-Sisi meets int’l industry leaders to discuss investment, industrial development
El-Sisi outlined the steps Egypt has taken to improve the investment climate, remove obstacles for investors, and develop the business environment.
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United Bank's IPO oversubscribed by almost 6x
The United Bank has set ambitious targets for its net profit, aiming to reach 3.071 billion LE by the end of 2025, 3.821 billion in 2026.
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Egypt & Spain partner for €800k two development projects in Egypt
The first grant, worth €500,000, is dedicated to enhancing wastewater treatment and reuse in Egyptian sugar factories.
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Egypt aims to raise industrial sector contribution to GDP to 30%
This event will be held from 25 to 27 November. The first edition of this conference and exhibition took place in 2022.
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Why is the world’s oldest Egyptian museum in Turin?
Just before the Christmas festivities of 1824, an Egyptian pharaoh wrote to his royal counterpart Carlo Felice, duke of Savoy and king of Sardinia.
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Polish firm Hynfra to build green hydrogen plant in Egypt
Hynfra will construct the plant with an initial output capacity of 100,000 tonnes per year at a cost of around $1.6 billion.
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Egypt’s AAIB issues landmark $500 mln sustainability bond to promote finance
Arab African International Bank (AAIB) issued Sunday a landmark $500 million sustainability bond to accelerate Egypt’s green transition.
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Egypt Reviewing LNG Import Needs
Gas-producing Egypt surprised markets this year with massive LNG tenders as a scorching summer spiked electricity consumption and local output decline
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US$500 million sustainability bond to support climate finance
In 2023 Egypt’s government announced its aim to reduce greenhouse gas emissions by 37 percent by 2030.
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Sixteen missing after tourist boat sinks off Egypt's Red Sea coast
Twenty-eight people were rescued and had only minor injuries such as bruises and scrapes with none requiring hospitalisation.
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Egyptian auto market startup Sylndr secures EGP 370 mn
EFG Corp-Solutions acted as one of the lenders of the transaction, alongside EFG Holding’s commercial bank Bank NXT, EG Bank, and others.
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Islamic Banking In Egyptian Market Increases To EGP 1.080Trn
This substantial growth is attributed to the transformation of Al-Ahli United bank into an Islamic bank following its Acquisition by Kuwait Finance.
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36 real estate companies listed on
These companies achieve an average return on equity of 19.7 percent and a net profit margin of 39.2 percent.