Egypt detains 136 foreigners and 87 citizens in southern military sweep against illegal mining and trafficking
Egypt’s law enforcement forces have detained 87 Egyptian citizens and 136 foreign nationals during a large-scale security operation against criminal networks in the Southern Military Region, the Egyptian Armed Forces spokesperson said in a Monday statement. The campaign targeted criminal
Titan, SolarizEgypt partner to build 11.45 MW solar power plant at Beni Suef Cement
Titan Egypt has announced the signing of a long-term Power Purchase Agreement (PPA) with SolarizEgypt to develop and construct an 11.45 MW solar power plant for Beni Suef Cement Company, a subsidiary of Titan Egypt. This step reflects both companies’
Egypt launches industrial fund, unified investment platform to boost production, exports
Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, announced a set of new initiatives aimed at supporting industry and exports, including the launch of an industrial fund under the Egyptian Sovereign Fund and a unified digital platform for economic
Minister of Industry reviews production at ELARABY, Samsung factories in Beni Suef
Minister of Industry Khaled Hashem, accompanied by Beni Suef Governor Abdullah Abdel Aziz, conducted an inspection tour of Samsung Electronics’ factory, ELARABY Group’s home appliances complex, and the industrial wastewater treatment plant in the Kom Abu Radi industrial zone in
South Africa completes technical plans for automotive and industrial pact with Egypt
South Africa has completed technical preparations for proposed industrial and automotive cooperation protocols with Egypt, South African Minister of Trade, Industry and Competition Parks Tau said during bilateral talks in Cairo. The expansive discussions, which included Egyptian Minister of Investment
Banks operating in Egypt adopt international ISO 20022 standard for financial transfers
In a pivotal step towards transforming Egypt’s digital payments infrastructure, the Central Bank of Egypt (CBE) announced the adoption of the international ISO 20022 standard across the Egyptian banking sector for SWIFT messaging in interbank financial transfers, effective 21 June
US-Iran talks thrown into doubt after Trump’s warning, with Lebanon at forefront
High-stakes talks between the United States and Iran in Switzerland were thrown into uncertainty on Sunday after US President Donald Trump threatened renewed military action against Tehran, prompting the Iranian delegation to suspend its participation and leave the negotiating venue,
CBE prohibits financing for company formation, capital increases, and dividend distributions
The Central Bank of Egypt (CBE) has issued a directive requiring banks not to grant credit facilities to customers for the purpose of financing the capital of companies under incorporation, funding capital increases, or using bank financing to support cash
MIDAR, Majid Al Futtaim sign $3.1bn partnership to develop integrated urban project in New Cairo
MIDAR for Investment and Urban Development has signed a strategic partnership with Majid Al Futtaim to develop an integrated urban project within MADA City in New Cairo, with a total development value of $3.1bn. The agreement was announced during a
Redcon International, Saudi ConTech sign agreement to establish ConTech Fund in Saudi Arabia
Redcon International and Saudi ConTech have signed a cooperation agreement to establish the ConTech Fund in Saudi Arabia, aimed at supporting innovation, accelerating digital transformation, and encouraging the adoption of construction technologies across the Kingdom. The agreement was signed by