Banking alliance grants EGP 7bn loan to Sky Innovo Developments for Park St. Edition project
A consortium of leading banks has concluded a long-term syndicated loan agreement worth EGP 7bn in favour of Sky Innovo Developments to finance part of the investment cost of the…
Egypt, Jordan open 38th Islamic Network on Water Resources Management during Cairo Water Week
Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, and Jordan’s Minister of Water and Irrigation, Raed Abu Saud, inaugurated on Monday the 38th meeting of the Islamic Network on…
BP signs agreement to drill five new gas wells in Mediterranean within its Egypt concessions
Minister of Petroleum and Mineral Resources Karim Badawy witnessed the signing of a new drilling contract marking the launch of BP’s upcoming offshore gas exploration programme in Egypt. The agreement…
Finance Ministry announces exceptional tourism investment opportunities in Assiut
The Ministry of Finance announced that it will soon launch the second package of investment opportunities in the city of Assiut, offering prime sites designed to attract sustainable tourism and…
S&P Global Ratings upgrade signals renewed confidence in Egypt’s economy: CBE Governor
Governor of the Central Bank of Egypt (CBE) Hassan Abdalla welcomed S&P Global Ratings’ decision to upgrade Egypt’s sovereign credit rating, describing it as a clear reflection of growing international…
Egypt’s retail sales to exceed $149.7bn in 2025, driven by expanding supply: Savills
Egypt’s retail market is poised for a significant upswing, with total sales projected to surpass $149.7bn in 2025 and climb to $201.4bn by 2030, according to Savills’ latest report, citing…
CBE, MCIT launch ‘AI for FinTech’ Hackathon under FinTech Egypt initiative
As part of the Memorandum of Understanding (MoU) signed between the Central Bank of Egypt (CBE) and the Ministry of Communications and Information Technology (MCIT) to strengthen youth skills under…
Egypt seeks to attract Turkish investments in textile, clothing accessories industries
As part of its ongoing efforts to deepen industrial cooperation with Türkiye, the Egyptian Commercial Service (ECS) office in Istanbul has intensified its investment promotion activities targeting the ready-made garments…
Al-Sisi, Meloni discuss strengthening Egypt–Italy relations, supporting Gaza ceasefire efforts
Egyptian President Abdel Fattah Al-Sisi met on Monday with Italian Prime Minister Giorgia Meloni on the sidelines of the Sharm El-Sheikh Peace Summit, in the presence of Foreign Minister Badr…
Trump praises Al-Sisi’s ‘important role’ at Gaza peace summit
US President Donald Trump on Monday praised Egyptian President Abdel Fattah Al-Sisi's "very important role" in securing a Gaza peace deal, while Al-Sisi in turn told the US leader he…