MENA IPO activity booms, raising $2.64bn in Q2 2024
The Middle East and North Africa (MENA) region saw a continued surge in Initial Public Offerings (IPOs) during the second quarter of 2024, with 14 IPOs raising $2.64bn in proceeds,…
Egypt, UAE discuss enhanced energy cooperation
Egypt and the United Arab Emirates are looking to deepen their collaboration in the electricity and renewable energy sectors, officials from both countries said Tuesday. During a meeting in the…
Climate Capitalism: A New Economic Model for Egypt’s Sustainable Development
As the urgency to address climate change escalates, a new term is emerging in the discourse on sustainable development: climate capitalism. This innovative approach merges the principles of capitalism with…
Nasrallah adopts a ‘slow and steady’ strategy in response to Israeli strikes
Hassan Nasrallah has launched his unprecedented strategy, called "Slowly, Slowly", in response to Israel's recent transgressions, including the assassination of Fouad Shukr, who served as his chief of staff, and…
AfICTA, EiTESAL offer support for Egyptian, African companies at 24 Fintech in Saudi Arabia
The Africa Information and Communication Technology Alliance (AfICTA) and its Egyptian member, the Egyptian ICT Association (EiTESAL), have announced exclusive support opportunities for Egyptian and African IT companies to participate…
Egypt launches Africa’s 1st carbon market, paving way for economic, environmental sustainability
Egypt has launched its first regulated voluntary carbon market for registering, issuing, and trading carbon reduction certificates, a significant step towards achieving economic and environmental sustainability, according to Rania Al-Mashat,…
Al Ahly Sabbour reports 400% sales growth in H1 2024, reaching EGP 25.5bn
Al Ahly Sabbour Developments, a leading real estate developer in Egypt, reported impressive sales figures for the first half of 2024, reaching EGP 25.5bn, a 400% increase from EGP 6bn…
Eroğlu Garment invests $40m in new apparel factory in SCZone
Eroğlu Garment, a subsidiary of the Turkish Eroglu Global Holding Group, has announced the establishment of a new ready-made garment factory in the Qantara West industrial zone of the Suez…
TMG profits surge 149% to EGP 4bn in H1 2024
Talaat Moustafa Group Holding (TMG) reported a significant jump in profits for the first half of 2024 (1H 2024), with net profits climbing by 149% to EGP 3.89bn. Consolidated net…
Egypt, IQVIA discuss collaboration on health solutions
Egypt's Deputy Prime Minister and Minister of Health, Khaled Abdel Ghaffar, met with officials from IQVIA, a global leader in technology solutions, consulting, and healthcare research services, to discuss potential…
