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
Ministerial group finalizes Egypt’s startup charter
Egypt’s government plans to bolster its startup sector with a new financial package and a unified definition of startups, officials announced following a recent meeting. The Ministerial Group for Entrepreneurship, chaired by Planning Minister Rania Al-Mashat, concluded its third meeting
Madbouly orders detailed plan, timeline for listing army-owned companies
Egypt’s Prime Minister Mostafa Madbouly convened a meeting on Monday to review the progress of listing companies affiliated with Egypt’s Armed Forces on the Egyptian Exchange (EGX). This session is part of his ongoing follow-up to ensure the successful listing
Egyptian Foreign Minister meets with UN IOM, ILO, ITU heads in Geneva
Egyptian Foreign Minister Badr Abdelatty met with the heads of three United Nations agencies in Geneva on Monday, discussing issues ranging from migration management to digital transformation and labour standards. His meetings included sessions with Amy Pope, Director-General of the
Ministry of Environment unveils guide to support afforestation plans
The Ministry of Environment launched on Sunday a comprehensive guide designed to support the implementation of afforestation plans as part of the presidential initiative to plant 100 million trees. The announcement took place during the celebration of National Environment Day