News
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Egypt awards $560 million solar contract to Hassan Allam and Indian partner as renewable energy push accelerates
A Hassan Allam and Sterling and Wilson JV wins Egypt’s 1GW solar and storage contract.
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Egypt launches 'Child SIM' services to enhance online safety for children
Egypt's Ministry of Communications and Information Technology has officially launched two mobile internet safety services, marketed as the Child SIM.
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Agricultural Development Programme plans to double financing portfolio to EGP 10bn
The programme currently operates through a network of 16 participating banks, with the Commercial International Bank (CIB) serving as the lead agent.
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DP World launches Egypt's first integrated logistics centre
The Logistics Distribution Centre has been strategically positioned along one of the world's busiest trade routes.
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Steel consumption in Egypt: the consequences of devaluation
Flat steel products account for only 18–22% of consumption. The Egyptian industry consists of assembly of household appliances, minibuses, vehicles.
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EgyptAir launches first direct flights to Venice, Italy
EgyptAir on Monday launched its first flight to Venice, Italy, using its Airbus A320neo aircraft.
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Egyptian “Sallam Lab” confirms first Pterosaur Fossil record
This is Egypt’s first confirmed record of pterosaurs, flying reptiles that dominated the skies 145 million years long before the appearance of birds.
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Egypt reaches preliminary IMF deal for $1.64 billion in new funding
The agreement could unlock about $1.64 billion in new financing, subject to approval by the Fund’s Executive Board.
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Arady Misr to launch Egypt’s first fractional land investment platform
Arady Misr said the investment model is being developed in partnership with one of Egypt’s leading asset management companies.
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SCCT signs deal for 100 per cent renewable power in Egypt
The deal positions SCCT among the early adopters of fully renewable-powered port operations in Egypt.
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Alexandria University approves Talaat Moustafa Group donation to support innovation, scientific research
The group said its support reflects its belief in investing in young talent and linking university education with innovation and practical application
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Egypt offers 380 sq km for solar and wind investment
Part of the site has already been allocated to investors, leaving around 380 square kilometres for new projects.
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Accor, Margins Developments to launch Novotel hotel, branded residences in New Cairo
The mixed-use development will comprise a 120-room Novotel hotel alongside more than 450 branded residential units.
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UAE and Egypt discuss expanding geological exploration and increasing gas production in Nile Delta
The parties discussed the application of modern extraction technologies, including horizontal drilling and hydraulic fracturing.
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Egypt to reinstate quarterly fuel price review mechanism in Q1 of FY26/27
This will allow fuel prices to be reviewed every three months based on global oil prices and other market factors
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Jotun Egypt invests over $100m in new plant
The company currently exports to several international markets, including Libya, Kenya and the United States, while pursuing further expansion.
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DP World launches its first integrated logistics distribution hub in Egypt’s Sokhna Logistics Park
This is to offer global and domestic logistics services through ports and terminals, freight forwarding, and marine services.
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Sterling and Wilson secures $560 million Egypt solar project order
With Hassan Allam Construction, Sterling and Wilson won a $560 million Egypt order covering 1,000 MW solar and 600 MWh BESS infrastructure in Minya.
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Al Ahly Pharos completes EGP 744m securitised bond issuance for Valu
Al Ahly Pharos acted as the sole financial adviser, lead arranger, and bookrunner for the issuance.
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Egypt: $1.6 billion from IMF in sight under reform conditions
An IMF mission had visited Cairo in May as part of the EFF program review, a prerequisite for disbursements.