News
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Apex International Energy provides update on assets acquired in 1H 2023
Apex is among the top 10 liquids producers in Egypt and the top 10 among all producers in the Western Desert.
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Saudi Arabia’s FAS to invest $1.5B across sectors in Egypt in 2024
The investment will be across the energy, real estate, and infrastructure sectors in Egypt.
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Egypt, Saudi Arabia consider trade exchange in local currencies
Egypt and Saudi Arabia are considering the use of local currencies in trade exchange, said Yehia El-Watheq Bellah.
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The 27th edition of Cairo ICT kicks off at Egypt International Exhibition Center
The 27th edition of Cairo ICT, the International Technology Exhibition and Conference for the Middle East and Africa commenced in grand style.
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Saudi’s Public Investment Fund raises its stake in Egypt’s e-Finance Company
Sarhan said that PIF submitted a request to increase its stake in the company to the Financial Regulatory Authority (FRA) almost a month ago.
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Global Auto Group sign binding framework agreement to assemble cars in Egypt
Global Auto Group (GAG), the agent and importer for BMW and Mini in Egypt, has signed a binding framework agreement with the Madbouly government.
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Saudi investments in Egypt hit $6.3 bln: Minister
Saudi investments in Egypt reached $6.3 billion in 7,444 projects in sectors such as industry, construction, tourism, services, and telecommunications
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MSMEDA invests LE 470M to convert cars to natural gas over 3 years
MSMEDA contributed to converting 59,000 cars, which represented about 40 percent of the cars converted in Egypt.
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Egypt’s frozen veg exports to US down after threefold rise in 2022
According to the results of 2022, Egypt exported almost 29,000 tonnes of frozen vegetables to the US.
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Egypt: Oriental Weavers posts over $44mln consolidated profits in 9M-23
Total assets hit EGP 22.45 billion in 9M-23, versus EGP 19.17 billion as of 31 December 2022.
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Egyptian CIB borrows $150 mln from EBRD to cushion against economic risks
The bank's total assets reached EGP 635.83 billion (around $20.6 billion) in 2022, up from EGP 498.23 billion in 2021.
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Hilton Announces Debut In Cairo’s New Administrative Capital
Located in the heart of the NAC’s masterplan, Hilton Cairo New Capital Tower is ideally located in the Central Business District.
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Egypt’s financial inclusion rate rises 5.4% in 6 months: CBE
The financial inclusion rate in Egypt increased by 5.4 percent to 67.3 percent during the first six months of 2023, according to a report by CBE.
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Payments Fintech Foodics in Egypt and Suplyd to Automate Procurement, Supply Chain for Restaurants
Foodics, the restaurant management and payment solutions in MENA, announced its collaboration with Suplyd in Egypt.
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Egypt: Ibn Sina Pharma to invest over $6mln in 2024
The company’s earnings before interest, taxes, and depreciation (EBITDA) increased by 101% during the first nine months of 2023.
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Saudi Arabia’s Jamjoom Pharma opens new factory in Egypt
The move comes as part of Jamjoom’s expansion plan to open new investment channels.
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Egypt's Great Sphinx Was Not Entirely Shaped by Humans, Study Finds
Before ancient Egyptians refined the Great Sphinx of Giza, natural forces may have helped carve the iconic monument's massive feline shape.
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Nawah Scientific becomes 1st African lab to acquire US-FDA accreditation
It's the first cloud lab providing analytical and R&D services to the region's life science, food, agriculture, and pharmaceutical sectors.
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Egypt hosts conference on progress of NWFE green program
Egyptian Prime Minister Mostafa Madbouly witnessed the launch of a high-level roundtable organized by the Ministry of International Cooperation.
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Capgemini inaugurates cutting-edge Technology and Delivery Centre in Egypt
This state-of-the-art facility is designed to accommodate 1600 employees.