IBF & Company acquires 50% stake in Diatom CBT to drive cross-border e-commerce expansion
IBF & Company has completed the acquisition of a 50% equity stake in Diatom CBT, a cross-border technology company operating in the UAE and Egypt, in a move aimed at…
African Development Fund secures record $11bn replenishment, marking pivot toward investment-led growth
The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group, has secured a record $11bn for its 17th replenishment (ADF-17)—the largest fundraising outcome in the…
Egypt steps up coordination on irrigation, agriculture and transport projects
Egypt’s Minister of Water Resources and Irrigation, Hany Sewilam, met on Wednesday with Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, and Minister of…
ElAraby ends Toshiba partnership, announces nearly $500m in new home appliance investments
ElAraby Group announced during a press conference that it will formally conclude all industrial and commercial agreements with Toshiba Home Appliances by the end of 2025. The Group also unveiled…
Egypt’s Suez Canal Authority seeks African market expansion with Namibia port deal
The Suez Canal Authority (SCA) is ready to open new markets and expand its presence across the African continent, Chairperson Osama Rabie said on Wednesday, as the authority signed a…
Egypt explores opportunities to expand sustainable environmental investment in natural reserves
Manal Awad, Minister of Local Development and Acting Minister of Environment, held a meeting with a group of investors to discuss opportunities to expand sustainable environmental investment in Egypt’s natural…
Egypt to launch unified digital business platform to streamline procedures, cut timelines: El-Khatib
Hassan El-Khatib, Minister of Investment and Foreign Trade, announced that Egypt is preparing to enter a new phase of institutional development aimed at achieving the full digital transformation of government…
Egypt targets expansion in productive, export-oriented sectors: Finance Minister
Finance Minister Ahmed Kouchouk said the Egyptian economy offers a wide range of diverse, attractive, and increasingly competitive investment opportunities, particularly in manufacturing and export-oriented activities. He noted that the…
Lebleba: Acting is pulse of life, I still have dreams to pursue
From her first appearance on screen as a young girl to her evolution into one of the Arab world’s most versatile and enduring performers, Lebleba has never strayed from her…
TMG expands Celia development with new commercial and entertainment hub
Talaat Moustafa Group (TMG) will open "The Village", a new commercial and entertainment zone, at its Celia development in the New Administrative Capital on Thursday, the developer announced. The group…