Egypt seals rail deals to localize 500 AC coaches, boost fleet modernization
Egypt’s Ministry of Transport has overseen the signing of two landmark agreements between Egyptian National Railways and the National Egyptian Railway Industries Company (NERIC), advancing efforts to localize railway manufacturing and strengthen maintenance capacity. The agreements were signed at NERIC’s
French companies plan new renewable energy projects in Egypt, ambassador says
French companies are planning multiple new projects in Egypt’s clean and renewable energy sectors in the coming period, the French ambassador to Cairo confirmed during discussions on national power grid modernisation with Egypt’s electricity minister. Ambassador Eric Chevallier stated that
CIB completes EGP 1.307bn securitisation issuance for B.TECH
Commercial International Bank – Egypt (CIB) has completed an EGP 1.307bn securitisation issuance for B.TECH, acting as the exclusive financial advisor, lead arranger, issuance manager, promoter, and underwriter for the transaction. The single-tranche issuance, which carries a 12-month maturity, is
Opella appoints Murali Rao as AMET Brand and Innovation Head
Healthcare company Opella has appointed Murali Rao as its Brand and Innovation Head for the Africa, Middle East and Turkey (AMET) zone, mandating him to steer the firm’s brand portfolio and innovation roadmap. Rao, who joined the company in 2024,
Egypt, Kenya deepen health, pharmaceutical cooperation to strengthen African health security
Egypt and Kenya have explored ways to expand cooperation in healthcare and the pharmaceutical industry, as Egyptian Health Minister Khaled Abdel Ghaffar took part in the Global Health Summit Nairobi. According to Egypt’s health ministry, Abdel Ghaffar led the country’s official
Tehran moves to tighten control over Hormuz as US-Iran talks falter
Tensions surrounding the future of the Strait of Hormuz have escalated after Iranian officials unveiled new legislative and military steps aimed at consolidating control over the vital shipping route, while US-Iran negotiations to sustain a ceasefire and end the war
Al-Sisi urges intensified diplomacy to contain regional escalation
Egyptian President Abdel Fattah Al-Sisi has called for stepped-up diplomatic engagement with friendly nations to address regional crises through negotiation and peaceful means, amid mounting tensions. In a statement, the Egyptian presidency said Al-Sisi met on Monday with Foreign Minister
Al-Sisi, Russian aide Patrushev discuss Suez Canal industrial zone, El Dabaa nuclear plant in Cairo
Egypt and Russia are advancing cooperation on maritime navigation and major joint infrastructure ventures, including the El Dabaa nuclear power plant and a Suez Canal industrial zone, officials announced following discussions in Cairo on Monday. The talks between Egyptian President
Vantage Capital invests $45m in MIDO, a leading Egypt-based speciality paints coatings manufacturer
Vantage Capital, Africa’s largest mezzanine debt fund manager, has provided $45m of mezzanine debt funding to the International Group for Modern Coatings (“MIDO”), a leading Egyptian manufacturer of speciality paints and coatings. This transaction marks Vantage Capital’s third investment in
Finance Ministry steps up investor outreach to showcase Egypt’s economic vision
The Ministry of Finance is intensifying engagement with international investors to present Egypt’s vision for navigating current economic challenges and sustaining growth. Ahmed Kouchouk, Minister of Finance, emphasized that the government has adopted a rapid, proactive approach that has been