Standard Bank launches Egypt office to boost Africa, Middle East trade
Standard Bank Group, Africa’s largest financial institution by assets, has officially launched a representative office in Egypt to strengthen trade and investment flows between Egypt, Sub-Saharan Africa, and the Middle East. The South Africa-based bank announced the launch at an
Egypt, South Africa discuss strengthening cooperation in industry, transport
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir held an extensive meeting with South Africa’s Minister of Trade, Industry and Competition Parks Tau and his accompanying delegation to discuss ways to enhance cooperation in
EBRD invests $40m in Infinity to accelerate renewable energy growth across Africa
The European Bank for Reconstruction and Development (EBRD) has announced an additional $40m equity investment in its longstanding partner Infinity, Egypt’s leading renewable energy developer. The move raises the Bank’s total equity commitment to $141.5m, up from $101.5m. The fresh
United Brothers for Engineering Industries targets 30% export share in 2026
United Brothers for Engineering Industries, the parent company of Siltal, has unveiled its sales and marketing strategy for 2026, aiming to boost sales volumes and expand its presence in new international markets. Chairperson and Managing Director Hatem Raslan said the
Cairo 3A to invest $150m over three years to boost production capacity
Cairo 3A, a vertically integrated agri-commodity group active in trading, manufacturing, and food processing, announced plans to invest $150m over the next three years as part of an ambitious expansion strategy to enhance its industrial production capacity. Alaa El Gamil,
Second package of tax facilitation measures to be launched this November: Finance Minister
Minister of Finance Ahmed Kouchouk announced that the government will launch the second package of tax facilitation measures in November 2025, building on progress achieved in strengthening the “partnership and certainty” framework with investors. He noted that the government implemented
Standard Bank to launch representative office in Egypt on 12 November
Standard Bank Group, Africa’s largest financial institution by assets, announced that it will officially launch its Representative Office in Egypt on 12 November 2025, marking a significant milestone in the Group’s strategy to deepen its engagement across North Africa and
Egypt’s Banque Misr expands into East Africa with new Djibouti subsidiary
Banque Misr has officially inaugurated Banque Misr Djibouti, marking its first Egyptian state-owned banking subsidiary in East Africa. The inauguration ceremony was attended by Hisham Okasha, Chairperson and CEO of Banque Misr; Abdoulkader Kamil Mohamed, Prime Minister of Djibouti; Abdelrahman
Egypt launches new cancer pharmaceuticals sector to boost drug industry localization
Egypt’s Health Minister Khaled Abdel Ghaffar announced on Tuesday the launch of the new Eva Pharma Oncology and Hematology Division, marking a significant milestone in the country’s efforts to localize advanced pharmaceutical manufacturing and enhance national health security. Speaking at
Saudi Egyptian Developers signs EGP 12bn contract with CCC for ‘Central’ project in New Cairo
Saudi Egyptian Developers has signed a contract with Consolidated Contractors Company (CCC) to execute its latest mixed-use development, Central, in New Cairo, with total investments exceeding EGP 12bn. Under the agreement, CCC will oversee the full scope of construction and