Alcazar Energy secures $420m deal to manage Egypt’s Gabal El Zeit wind farm
Egypt signed investment, operation, and power purchase agreements worth $420m with Alcazar Energy for the 580-megawatt (MW) Gabal El Zeit wind power plant, the government said on Monday. The agreements, signed in the presence of Prime Minister Mostafa Madbouly, grant
Madbouly opens industrial expansions in automotive, pharmaceutical, and food sectors
Prime Minister Mostafa Madbouly highlighted Egypt’s accelerating industrial development agenda during a tour of major manufacturing facilities in 6th of October City, where he inaugurated new production lines and reviewed expansion projects in the automotive, pharmaceutical, and food industries. The
Egypt’s garment exports rise 15% to $1.15bn in first four months of 2026
Egypt’s ready-made garments exports increased by 15% during the first four months of 2026, sustaining strong growth momentum amid rising demand from key international markets and ongoing efforts to diversify export destinations. According to the latest report issued by the
Egypt’s FRA outlines insurance sector overhaul, tenfold capital requirement at African conference
The Egyptian Financial Regulatory Authority (FRA) has approved two companies to issue insurance policies using financial technology and is processing applications from over 10 others, FRA Chairperson Islam Azzam announced on Sunday as part of a broader strategy to deepen
Madbouly opens factories, inspects major investments in Alexandria
Egypt’s Prime Minister Mostafa Madbouly inaugurated and inspected a series of major industrial projects in Alexandria’s Borg El Arab industrial zone on Sunday. Madbouly highlighted Egypt’s strategy to deepen local manufacturing, boost exports, attract foreign investment, and create jobs across
Egyptian, Qatari foreign ministers review proposed US-Iran agreement and Gaza ceasefire terms
Egypt and Qatar are working to bridge views in ongoing negotiations between the United States and Iran, as the two nations’ foreign ministers met on Sunday to discuss proposed elements of the agreement aimed at ending regional conflict. Egyptian Minister
Trump says US ‘very close’ to Iran deal, rejects early sanctions relief
US President Donald Trump said the United States and Iran were “very close” to reaching an agreement to end the conflict, but ruled out any advance easing of sanctions or the unfreezing of Iranian assets as part of a potential
Egypt explores stronger industrial, investment partnerships with EBRD, Türkiye, Nigeria, and Morocco
Minister of Industry Khaled Hashem held a series of high-level meetings with international officials and financial institutions on the sidelines of the 35th Annual Meeting and Business Forum of the European Bank for Reconstruction and Development (EBRD) in Riga, Latvia,
Egypt launches Red Sea Initiative to protect coral reefs, advance sustainable blue economy
Egypt has officially launched the Egyptian Red Sea Initiative, a national programme designed to protect coral reef ecosystems, strengthen climate resilience, and promote sustainable tourism and green investment along the Red Sea coast. The initiative was unveiled by Manal Awad,
Egypt advances electricity market reform through partnership with Nexus Analytica
Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, has held talks with Nexus Analytica to explore cooperation on developing the regulatory framework governing the country’s electricity market, as part of ongoing efforts to strengthen governance, transparency, and private-sector participation