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Telecom Egypt Secures EGP 18 Billion Loan
The financing, led by Commercial International Bank and Banque Misr, is the largest ever for Egypt's telecom industry.
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Egypt:Life insurance gaining in importance
The life insurance sector in Egypt is undergoing a transformation, and its importance is increasing in light of economic and social changes.
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Etihad Airways announces new flights to Al Alamein, Egypt
The route debuts in July 2025, providing guests with nonstop access to the Al Sahel region, home to some of Egypt’s most vibrant coastal retreats.
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ALEXBANK signed MoU with Cassa Depositi e Prestiti to Support Egypt’s rural development
The MoU establishes a collaborative framework between ALEXBANK and CDP focusing on providing Egyptian farmers and agribusinesses.
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Centamin's shareholders approve its acquisition by AngloGold Ashanti
Gold mining company Centamin's shareholders have approved the company’s acquisition by South Africa's AngloGold Ashanti, with 98 percent.
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BRICS agreements to have major impact on car prices in Egypt
Saad further expected that the "BRICS" agreement to have a major impact on car prices, advising people to postpone their decision to buy a new car.
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Egypt’s M&A Market Sees 21% Recovery in H1 2024
This is a notable shift from the sharp decline witnessed in 2023, when M&A deals were impacted by currency instability and economic pressures.
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Saudi real estate firm announces plans to launch Egyptian investment fund
The partnership has already initiated the procedural groundwork for the fund, he explained in an interview with Al Borsa.
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Ericsson and e& Egypt partner to launch 5G
The partnership will see Ericsson supply its latest energy-efficient 5G portfolio to build the network, ensuring high performance and reliable signal.
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Hyatt Centric Cairo West Opens
A unique fusion of Egyptian culture, heritage, and contemporary art awaits at Cairo West's first art-centered lifestyle hotel.
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Japanese Otsuka to build 1st health supplements factory in Egypt
Japanese Otsuka Pharmaceutical will build the first factory in the Middle East to produce healthy supplements in the 10th of Ramadan city in Egypt.
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Saudi Arabia tops list of BRICS states importing from Egypt
The value of Egyptian exports to the Kingdom amounted to about $2.2 billion, reported CAPMAS.
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Jordan, Egypt sign natural gas pipeline agreement
The minister noted that the energy bill is a challenge for various sectors, particularly the industrial sector.
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Egyptian Alkan, Chinese BAIC ink deal to establish EVs plant in Egypt
he factory will be constructed on a site spanning 120,000 square metres, with production slated to commence by the end of 2025.
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Egypt's supply minister expects a delayed Russian wheat shipment
In September, Egypt's Supply Ministry announced that it had purchased 430,000 metric tonnes of Russian wheat for $235 per ton via a direct buy.
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Egypt President, Eni CEO discuss moves to support gas production
Egypt planned to issue a tender seeking up to 20 cargoes of liquefied natural gas (LNG) to meet requests for the first quarter of 2025.
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Egypt’s Retail Sector Shows Growth Potential
Egypt’s retail sector is set to grow by 11 percent over the next four years, according to an October 27 report by the IDSC.
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Russia turning to Egypt for citrus and potatoes
Demand for Egyptian citrus is on the rise in many markets around the world, and that includes Russia.
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College of Medicine at MUST launches Live Surgery Streaming
This initiative highlights MUST’s forward-thinking approach, giving students a unique educational experience and access to advanced learning resources
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AMEA Power Completes Solar Module Installation in Egypt
The Abydos park is projected to generate approximately 1,500 GWh of electricity annually, enough to meet the power needs of over 256,000 homes.
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Green Climate Fund to fund 3 major greening projects in Egypt and globally
The Green Climate Fund (GCF) has approved funding for three major greening projects that would benefit Egypt and more than a dozen other countries.
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Architects hail Egyptian museum
The design that allows visitors to experience ancient Egyptian values was conceived more than 20 years ago.
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Mountain View fined EGP 20 mln for nuisance telemarketing calls
Mountain View, a famous real estate company, was fined EGP 20 million by Egypt’s National Telecommunications Regulatory Authority (NTRA).
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PM Madbouly Inspects Ruhrpumpen Egypt
This visit aligns with the government’s commitment to advancing industries that supply critical components for major projects.
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Egypt launches first $30M Deloitte Innovation Hub for global digital services export
The center has grown its export-oriented operations to serve global clients, currently employing 350 of Egypt’s finest professionals.
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Egypt launches 1st deloitte innovation center to boost digital economy
The establishment of the Deloitte Innovation Center is expected to serve as a hub for collaboration, research, and development.
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Egypt sovereign fund to run under Ministry of Investment
Prime Minister Mostafa Madbouly issued a decree stipulating that The Sovereign Fund of Egypt (TSFE) be affiliated with the Ministry of Investment.
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Egypt continues to drive growth in the regional M&A space
Egypt’s M&A landscape is showing signs of recovery, with a 21% year-on-year increase in H1 2024.
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Town Gas and Banque Misr Collaborate to Streamline Gas Payment Services
Town Gas has signed agreements with Banque Misr and its subsidiary Souhoola, allowing customers to pay for gas delivery in installments.
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Egypt seeks to increase Chinese investments
Abbas made the remarks while receiving a high-level Chinese delegation grouping representatives of 40 Chinese companies.
