EGPC owes Electricity Ministry EGP 100bn
The Egyptian General Petroleum Corporation (EGPC)'s dues owed to the electricity sector increased to EGP 100bn last month. A governmental source told Daily News Egypt that the dues are rising,…
IFC provides first loan to support Egypt’s construction industry
The International Finance Corporation (IFC), a member of the World Bank Group, is providing a $15m loan mainly in Egyptian pounds to Vinavil Egypt for Chemicals, a leading manufacturer of…
Any new deals with Iran must include Arabs: Egypt’s Foreign Ministry
Egypt said on Wednesday that Arab counties must be included in any future efforts aiming to amend the Iran nuclear deal, following US President Donald Trump’s announcement that he will…
Op-ed review: Middle East, Iranian presence
In state-owned Al-Ahram, Makram Mohamed Ahmed wrote a piece titled “Why did Tehran turn against Al-Abadi?” in which he argued that Iran was trying to mobilise forces in Iraq to…
Communications minister reviews Egypt’s vision for digital transformation in Rwanda
Minister of Communications Yasser El-Kady has reviewed Egypt’s vision to transform towards a unified digital market for Africa through adopting several policies of developing and securing communications infrastructure as well…
AAIB, SANAD Fund launch Sandah for microfinance in Egypt
Egypt’s newest microfinance lending institution, Sandah, was launched in Cairo on Tuesday with EGP 155m in capital. Its main founding shareholders—the Arab African International Bank (AAIB) and SANAD Fund for…
Alta Semper Capital establishes Cairo office
Alta Semper Capital, a consumer and healthcare-focused private equity investor operating across several growing markets, with a specific focus on Africa, and based in London, announced that Ahmed Rady has…
LPG Investors Association demands government permanently lift gas subsidies
Mohamed Saad El-din, chairperson of the Liquefied Petroleum Gas (LPG) Investors Association and a member of the Federation of Egyptian Industries’ board of directors, has demanded the government permanently remove…
Trump’s decision on Iran deal spells disaster for Middle East
New York—US President Donald Trump’s decision to pull out of the deal with Iran creates, unnecessarily, a new source of tension in a region besieged by conflicts. Given the level…
Eight Iranians dead hours after Trump’s dramatic withdrawal from nuclear deal
Alleged Israeli airstrike reportedly kills Iranian fighters near Damascus
