El-Khatib discusses preparations for African Investment Forum with Jeune Afrique
Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, held a key meeting with a delegation from the Jeune Afrique media group to review the final arrangements for the upcoming African Investment and Finance Forum. The discussion included Florian Servaty,
Military Production Minister discusses budget planning for FY 2025/2026
Mohamed Salah El-Din, Egypt’s Minister of State for Military Production, chaired Wednesday a meeting with the boards of directors of companies and affiliated units within the Ministry of Military Production, along with sector heads and advisors from the National Authority
NUCA approves payment facilities for overdue property, land dues
The New Urban Communities Authority (NUCA), under the leadership of Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny, has approved a set of payment facilities for settling overdue financial dues on various properties. These include residential, administrative, and commercial
Egypt announces new 8 million barrels oil discovery in Gulf of Suez
Egypt has confirmed the discovery of at least eight million barrels of oil in the East Crystal-1 well in the Gulf of Suez, the petroleum ministry announced on Wednesday. The exploratory well was drilled by UAE-based Dragon Oil, through the
Saipem 10000 arrives in Egypt to drill new wells at Zohr Gas Field
The Saipem 10000 drillship arrived in Egyptian waters on Tuesday to begin drilling new wells at the Zohr natural gas field, located north of Port Said. This activity aims to rapidly increase production at the field, according to the Egyptian
Egypt aims to develop mining industry through strategic partnerships: Minister
Mohamed El-Shimy, Minister of Public Enterprises Sector, held a key meeting with representatives from Al Safi Group, American International Holdings Corporation (AMIH), and its Indian subsidiary, Wilson Company, to assess the ongoing progress of a major industrial project. The initiative
Talaat seeks to boost French investment in Egypt’s ICT sector
Amr Talaat, Egypt’s Minister of Communications and Information Technology, recently met with Éric Chevallier, the French Ambassador to Cairo, to explore ways of attracting greater French investment into Egypt’s growing ICT sector and strengthening bilateral ties, particularly in artificial intelligence
Bonyan plans IPO on EGX by end-February, targeting EGP 5bn in investments
Bonyan Real Estate Investment executives held a press conference on Tuesday to share key updates regarding their forthcoming initial public offering (IPO) on the Egyptian Exchange (EGX). The company announced that it had received official approval for the listing, with
Italy to fund study for revitalization of ancient Roman coastal city of Quseir
Italy’s Ambassador to Egypt, Michele Quaroni, has reaffirmed his country’s commitment to collaborating with Egypt’s Ministry of Local Development on a range of sustainable development and heritage preservation projects across the country. The focus will be on funding a study
Egypt’s OOH advertising market surges 53% to reach EGP 6.3bn in 2024
AdMazad, the developer behind AdMetrics – Egypt’s premier outdoor advertising performance measurement and analytics tool – has released a report highlighting a remarkable 53% growth in the country’s out-of-home (OOH) advertising market in 2024. Total expenditure in the sector surged