News
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El-Khatib, India’s Lulu Group explore investment plans in Egypt
The group also aims to establish cold storage facilities to support exports from Egypt to global markets, Kutty stated.
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Egypt Introduces Fees on Producers to Reduce Single-Use Plastic Bags
A fee of 37.5 Egyptian pounds per kilogram of bags sold in the local market will be imposed starting June 3rd, 2025.
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Elsewedy Electric’s consolidated profits rise 72.65% YoY in 2024
Elsewedy Electric's consolidated profits rise 72.65% YoY in 2024, reflecting strong financial performance and strategic growth across various sectors.
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Egypt Boosts Transport with Alstom Industrial Complex
Egypt boosts transport with the Alstom Industrial Complex in Borg el-Arab, enhancing local manufacturing, exports, and job creation.
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Savola Egypt opens new headquarters in New Cairo
Savola Egypt opens new headquarters in New Cairo, aiming to enhance operational efficiency and support regional growth in the food and retail sectors.
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Egypt Expands Textile Industry with $10M New Chinese Investment in SCZone
Egypt expands its textile industry with a $10 mi investment from Jiangsu Guotai, establishing a new garment factory in SCZone and creating 2,000 jobs.
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Government partnership transforms agricultural waste into sustainable feed, fertilizer
A government partnership in Egypt transforms agricultural waste into sustainable feed and fertilizer, promoting environmental sustainability.
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The Egyptian Competition Authority issues its largest price fixing cartel decision and expands the scope of commercially
The Egyptian Competition Authority issues its largest price-fixing cartel decision, targeting 162 broiler chick producers.
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Air Cairo expands fleet, digital transformation in 2025
Air Cairo expands its fleet and embraces digital transformation in 2025, aiming to enhance passenger experience and operational efficiency.
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Takaful and Karama beneficiaries receive EGP 1.5bn Ramadan bonus
Takaful and Karama beneficiaries receive an EG 1.5 b Ramadan bonus, supporting 4.7 million families with direct cash assistance during the holy month.
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Suez Canal Authority, MSC discuss Red Sea stability, return to normal transit
The Suez Canal Authority and MSC Group discuss strategies to stabilize the Red Sea region and resume normal transit, addressing security concerns and
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Shell Egypt Invests USD 300M to Boost Gas Production in Egypt
Shell Egypt invests $300M to enhance gas production, collaborating with Petronas to drill new wells and expand offshore exploration.
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Scatec signs PPA for 1.1GW solar project in Egypt
Scatec signs a 25-year PPA with Egypt Aluminium for a 1.1 GW solar project, aiming to decarbonize aluminum production and comply with EU regulations.
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BP to help Egypt close gas supply gap with 160 million cubic feet daily
BP to help Egypt close the gas supply gap by producing 160 million cubic feet daily from new wells, reducing reliance on LNG imports.
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Batavia Biosciences Partners with VBC and MEVAC to Advance Localized Vaccine Manufacturing in Egypt
Batavia Biosciences partners with VBC and MEVAC to boost local vaccine production in Egypt, aiming to combat preventable diseases.
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Egypt to establish seven logistics corridors by 2030
Egypt plans to establish seven logistics corridors by 2030, aiming to enhance trade efficiency by connecting key production areas to major ports.
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Egypt to lease German gas regasification unit to bolster supply
Egypt plans to lease a German floating regasification unit to boost gas supply, addressing domestic production declines and meeting rising demands.
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Will CBE extend InstaPay’s fee waiver as deadline nears?
As the deadline nears, the financial sector watches if the CBE will extend the InstaPay fee waiver, crucial for digital transformation.
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Egypt's EFIC records $34mln consolidated net profit in 2024, announces dividends
Egypt's EFIC reports a $34M consolidated net profit for 2024 and announces dividends, reflecting strong financial performance and shareholder returns.
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FRA reports EGP 299bn in financing by entities under its supervision in Q4 2024
FRA reports EGP 299bn in Q4 2024 financing, highlighting robust capital market activities and non-banking financial services growth.