Elsewedy Electric expands into Europe with landmark power project in Hungary
Elsewedy Electric Group has secured a major engineering, procurement, and construction (EPC) contract for Hungary’s largest combined cycle power plant (CCPP) in decades. Awarded by MVM Matra Energia Zrt., a subsidiary of the Hungarian Electric Company (MVM), this milestone project
Egypt rejects any ideas involving Egyptian administration of Gaza
Egypt has rejected any proposals that would see it administer the Gaza Strip for any period of time, according to Foreign Ministry Spokesperson Ambassador Tamim Khallaf. Khallaf’s statement on Wednesday was in response to questions from journalists regarding a proposal
Egypt’s financial inclusion rate hits 74.8%, with 52 million using transaction accounts
Financial inclusion rates in Egypt continue to rise, with approximately 52 million citizens now using transaction accounts. The Central Bank of Egypt (CBE) announced on Tuesday that financial inclusion rates had reached 74.8% by the end of 2024, marking a
ETA, Commercial Professions Syndicate sign protocol to regulate relations
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), and Mahmoud El-Naghi, Head of the Accounting and Auditing Division at the Syndicate of Commercial Professions, have signed a cooperation protocol to regulate accountants’ interactions with the authority. The signing
PFI Asset Management appointed for Mawared Fund
PFI Asset Management has been officially appointed as the fund manager for the Mawared Fund, effective February 18, 2025. Established in November 2009 by Housing and Development Bank, Mawared is a prominent money market fund designed to offer stable returns
Health Ministry, AstraZeneca partner to enhance Egyptian doctors’ skills
Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, witnessed the signing of a cooperation agreement between the Ministry of Health and Population and AstraZeneca Egypt to launch the “A Doctor’s Beginning” programme. Developed in collaboration with
Six newborns die in Gaza due to hypothermia, Israeli blockade: Hamas
The Islamic Resistance Movement (Hamas) announced that six newborns have died in the Gaza Strip, while several others remain in critical condition in hospitals due to severe cold and a lack of heating. Hamas attributed these deaths to what it
Egypt allocates EGP 6bn in compensation for Ras El-Hekma residents
Prime Minister Mostafa Madbouly chaired a meeting on Tuesday to assess the latest developments in the Ras El-Hekma development project in Matrouh’s North Coast. Attendees included Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir,
Opinion | The High-Stakes of US-Russia Summit in Riyadh: A Game-Changer in Global Geopolitics
The upcoming US-Russia summit in Riyadh, set to take place in a few days, signals a multitude of critical geopolitical developments. Notably, the agenda will extend beyond the Ukrainian crisis to include other pressing regional issues, such as Iran’s nuclear
Opinion | Supporting Russia is not bias but strategic necessity
Following the Russian-Ukrainian war, the world has witnessed intense polarisation, with some supporting Ukraine and others standing by Russia. However, beyond the biased narratives promoted by Western media, it is essential to examine the issue from a deeper historical and