Egypt explores expanding climate finance in partnership with banking sector
Egypt’s Ministry of Local Development and Environment is stepping up efforts to expand climate finance and support sustainability-focused projects in cooperation with the banking sector, as part of advancing the…
Sakr to invest EGP 940m in three projects at Sokhna Industrial Zone
Waleid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), witnessed the signing of contracts for three new projects by Sakr for Electronics and Energy (SDC Investment Fund) within…
Egypt, Eritrea move to deepen industrial, investment cooperation
Egypt’s Minister of Industry, Khaled Hashem, held talks with Hagos Gebrehiwet, Economic Adviser to the Eritrean President, and Nasr El-Din Saleh, Eritrea’s Minister of Trade and Industry, to explore avenues…
Egypt’s EPROM reports record EGP 1.586bn profit in 2025 amid international expansion
The Egyptian Projects Operation and Maintenance (EPROM) recorded the highest net profit in its history at EGP 1.586bn for 2025, marking a 44% increase from EGP 1.096bn the previous year,…
Al-Sisi orders acceleration of defence industry localisation, expansion of domestic manufacturing
Egypt’s President Abdel Fattah Al-Sisi has called for accelerating the localisation of defence industries and expanding domestic manufacturing, while strengthening partnerships with global firms to facilitate the transfer of advanced…
Trump signals potential Iran deal as mediators push truce extension, US ramps up pressure
US President Donald Trump said talks with Iran on ending the conflict could resume soon and may lead to an agreement, urging the world to watch for “two amazing days,”…
Egypt’s premier inspects New Capital command centre managing Middle East’s largest state tech infrastructure
Egyptian Prime Minister Mostafa Madbouly inspected the new Control, Command and Technical Support Centre in the New Administrative Capital's Government District on Wednesday, a facility managing what officials describe as…
Egypt to clear foreign partner arrears by end-June, targets fracking: Badawi
Egypt will completely pay off all outstanding arrears owed to foreign oil and gas partners by the end of June, target hydraulic fracturing to boost production, and has announced a…
Eighteen US and global firms eye Egyptian investments as Cairo cuts oil arrears to $1.2bn
Egypt has slashed its outstanding arrears to foreign oil companies to $1.2bn from $6.5bn, Investment and Foreign Trade Minister Mohamed Farid Saleh told a gathering of 18 US and global…
Egypt’s economy grows 5.3% in first half, finance minister tells investors in Washington
Egypt's economy expanded by 5.3% in the first half of the current fiscal year, Finance Minister Ahmed Kouchouk told international investors during a meeting in Washington, attributing the growth to…