Egypt’s health minister visits Greece to boost medical cooperation
Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, met with George Apostolopoulos, the Chairperson of the Athens Medical Group, and other representatives of the group, during his visit to…
Actis to buy Gabal El-Zeit wind farm for $350m from TSFE
The Sovereign Fund of Egypt (TSFE) has reached a preliminary agreement with Actis, a British direct investment company, to sell the Gabal El-Zeit wind farm for $350m, sources close to…
Egypt, Gulf funds agree to defer dividends for 3 years
The Egyptian government has reached an agreement with Gulf sovereign funds that invested in Egyptian companies to postpone the distribution of dividends for three years, according to sources familiar with…
Cabinet reviews $1bn flat steel project to boost local manufacturing, export
The Prime Minister, Moustafa Madbouly, chaired a meeting to review the progress of a project to establish an integrated industrial complex to produce flat steel, in partnership with an international…
Government follows up on Kitchener Canal project progress
A ministerial steering committee met on Wednesday to review the implementation of the Kitchener Canal rehabilitation and development project, which aims to improve the canal’s efficiency and the living conditions…
Egypt converts helicopter carrier into field hospital as Libya floods death toll tops 6,000
Egypt has converted its Mistral helicopter carrier into a field hospital and sent it to Libya’s shores to alleviate the impacts of a humanitarian disaster caused by floods that have…
Opinion| Rise of new powers and US decline: Challenges and opportunities
The world is in the midst of a major shift in power dynamics. The shift from a unipolar world order, in which the United States was the dominant power, to…
Overconfidence leaves Egyptian consumers vulnerable to scams
A new study by Visa found that overconfidence is leaving consumers in Egypt vulnerable to scams.
New Sina to invest EGP 1bn in food, beverage market in 1Q 2024
New Sina for Food Investment and Beverage announced that it plans to invest EGP 1bn in the food and beverage market in the first quarter (1Q) of 2024. The company…
UNCTAD to hold World Investment Forum to rally funds for climate action
The UN Conference on Trade and Development (UNCTAD) will hold the World Investment Forum 2023 in Abu Dhabi, United Arab Emirates, from Oct. 16-20. The forum will bring together heads…