EU to mobilise up to €25bn for renewables, clean tech by 2035 through Pact for Mediterranean
The European Union (EU) has unveiled an ambitious new initiative aimed at accelerating the green energy transition across the Mediterranean region, with plans to mobilise up to €25bn in investments by 2035. The initiative, known as the Trans-Mediterranean Renewable Energy
Egypt upgrades 33 railway workshops, completes 8 new maintenance facilities under network modernization plan
Egypt has completed the modernization of 33 railway workshops nationwide and finalized the construction of eight new maintenance facilities out of a planned total of 11, as part of the government’s comprehensive strategy to modernize the national railway network and
FRA chairperson discusses insurance sector cooperation with Russian central bank deputy governor
Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), received a Russian delegation headed by Alexey Guznov, Deputy Governor of the Central Bank of Russia, in the presence of Ahmed Abdel Aziz, Deputy Chairperson of the FRA; Mahmoud Gabrial, Assistant
Benban, Abydos expansions to add 1,000 MW of renewable energy capacity to Egypt’s national grid
Egypt is set to add 1,000 megawatts (MW) of renewable energy capacity and 600 megawatt-hours (MWh) of battery storage to the national electricity grid in the coming months, as part of its ongoing transition toward clean energy and efforts to
MSMEDA injects EGP 2.2bn to finance 54,000 projects in Menoufeya: CEO
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the agency injected EGP 2.2bn in financing into Menoufeya between July 2014 and April 2026. The funding supported medium, small and micro enterprises, as well
Madbouly inspects strategic gas projects, infrastructure developments during Beheira tour
Prime Minister Mostafa Madbouly reaffirmed Egypt’s commitment to attracting new investments into the oil and gas sector and accelerating infrastructure development during a tour of several strategic projects in Beheira on Saturday. The visit included inspections of natural gas production
Inflation in May 2026: A Reassuring Decline and a Cautionary Signal
The key message in May’s data is that headline inflation continued to fall, while core inflation raised a yellow card to markets. Egypt’s inflation data for May 2026 carried a blend of positive signals and cautionary messages at the same
Icon Creations Wins Best VFX Award for BMW Egypt Campaign
Egyptian creative agency Icon Creations has won the Best VFX Award for its work on BMW Egypt’s Ramadan campaign, receiving the honor during the Creative Industry Summit’s People’s Choice Ramadan Awards, held alongside the summit’s 2026 edition in Cairo. The
Forbes Middle East names TMG Ayman Zahran among most influential regional CMOs
Forbes Middle East has named Ayman Zahran, Chief Marketing Officer at Talaat Moustafa Group (TMG) Holding, to its list of the most influential marketing directors in the region. The selection reflects the group’s corporate strategy under the leadership of Hisham
Economic Ministerial Group reviews IMF reform programme, approves updated State Ownership Policy
Egypt’s Prime Minister Mostafa Madbouly chaired a meeting of the Economic Ministerial Group in the New Administrative Capital to review key economic priorities, including progress under Egypt’s reform programme with the International Monetary Fund (IMF), inflation developments, investment reforms, and