News
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CBE Hosts Training Course on Application of Big Data Analysis, AI to Central Banking
The training course is attended by 35 participants representing 9 central banks from COMESA member states.
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INTERVIEW: ‘Egypt's strategic location and population makes it a key market for us – Chairman, Fine Hygienic Holding
Based on its investment plans, FHH expects to increase its production capacity in Egypt in 2024, said Ghassan Nuqul.
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Egypt establishes 'National Council For Green Hydrogen' to boost green investment
The Egyptian Cabinet has approved the creation of the National Council for Green Hydrogen to stimulate green investment.
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Korea Expanding Nuclear Power Plant Equipment Exports to Egypt, Romania
The MOTIE and KHNP plan to expedite the procurement of nuclear power plant equipment, aiming to swiftly supply large-scale export orders.
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Egypt aims to increase portfolio with Asian Infrastructure Investment Bank to $40 bln
Egypt is looking forward to expanding the cooperation portfolio with the Asian Infrastructure Investment Bank to $40 billion covering 220 projects.
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Egypt Set to Host 10th Pharmaconex Next Week
The three-day event will be organised by Informa Markets Egypt and is expected to bring together 6,000 visitors.
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Egypt plans to drill 45 exploratory gas wells in Mediterranean, Delta until mid-2025
The Egyptian government announced a plan to drill 45 natural exploratory gas wells in the Mediterranean and the Nile Delta with $1.9 billion.
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Verisk Enters Egypt Health Insurance Market Through AXA Deal
AXA selects Verisk’s Health Risk Rating Tool and Ratings Engine to assess substandard risks posed by pre-existing medical conditions.
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Egypt’s Glamera obtains fintech license to expand in Saudi Arabia
The startup has tens of thousands of users and hundreds of providers in Egypt, and is also active in Riyadh, Saudi Arabia.
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Concentrated solar power plants for site and technology selection in Egypt
The objective of this research is to investigate the implementation of two concentrated solar power (CSP) technologies in 28 locations in Egypt.
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Austria’s Kronospan eyes building wood panel factory in Egypt
The project aims to meet the local market’s demand as well as turn to exporting at a later stage of production.
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Mastercard and Ingiz team to launch digital payments app in Egypt
The company encourages young users to earn, save and spend money with gamified in-app features.
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Egypt's Orascom Construction signs $61.4m contract with Abu Dhabi’s Eagle Hills
The contract for the development of Soul Luxury Beach Resort on Egypt’s north coast is valued at 1.9 billion Egyptian pounds.
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TAQA Arabia offers to buy military-owned Wataniya's fuel stations
Egypt energy company TAQA Arabia has submitted a non-binding agreement to acquire fuel stations owned by Wataniya Petroleum.
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Egyptian fresh strawberry exports to Southeast Asia reach record high
In the first 11 months of the current MY (July 2022 – May 2023), Egypt exported 1,900 tonnes of fresh strawberries to the Southeast Asian market.
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Egypt: MSMEDA finances 302,000 projects with $288mln in 18 months
The agency financed 222,000 projects in 2022 with $220mln, creating 370,000 jobs.
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Egypt seeks to collect $5 bln from state IPO program by mid-2024
The Egyptian government is planning to attract $5 billion from the offering of power plants and state-owned companies from October 2023 until end 2024
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Egypt: Mopco logs $128.2mln consolidated profits in H1-23
The recorded net profits were higher by 6% than EGP 3.73 billion in H1-22, according to the financial results.
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Egypt to drill 35 gas wells by 2025 as BP invests
The energy giant pledged $3.5 billion in investment into gas exploration in Egypt over the next three years.
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Minapharm Pharmaceuticals’ consolidated profits drop 48.02% YoY in H1: Egypt
Minapharm Pharmaceuticals is an Egypt-based company engaged in the production and distribution of pharmaceutical products.