Pend launches Pend.Finance to empower institutions, individuals with future-ready tech solutions
Pend announced the launch of Pend.Finance, the Middle East’s first integrated smart infrastructure platform powered by artificial intelligence (AI) and blockchain, marking a major step in its mission to create a transparent and trusted digital financial ecosystem. Designed to address
NVL Egypt starts production of ten PV43-M naval vessels
NVL Egypt, a subsidiary of German shipbuilding group NVL, has begun the production phase for a programme to build ten PV43-M naval vessels in cooperation with Alexandria Shipyard, the company has announced. Production began on schedule in September. The new
Iraqi PM discusses Al-Rafal economic city project with TMG’s Hisham Talaat Moustafa
Iraqi Prime Minister Mohammed Shia Al-Sudani has met with Hisham Talaat Moustafa, the head of Egyptian property developer Talaat Moustafa Group Holding (TMG), to discuss the Al-Rafal economic city project. The meeting, which was also attended by the head of
Easy H Trade launches Egypt’s first outsourced export management service
Easy H Trade has launched Egypt’s first outsourced export management service, introducing a new model that enables companies to manage their export operations externally without the need for in-house export departments. The service is designed to help businesses – particularly
Magna AI, TechnoVal form $300m alliance to drive AI-powered industrial transformation in MENA
Magna AI and TechnoVal have announced a strategic alliance worth $300m aimed at accelerating AI-driven industrial and digital transformation across the Middle East and Africa. The announcement was made during GITEX Global 2025, one of the world’s largest technology exhibitions.
Egypt Kuwait Holding sells 63.4% stake in Delta Insurance to Morocco’s Wafa Assurance for EGP 3.17bn
Egypt Kuwait Holding (EKH) announced the completion of the sale of its entire 63.39% stake in Delta Insurance to Morocco’s Wafa Assurance, under the latter’s mandatory tender offer. In a statement to the Egyptian Exchange (EGX) on Sunday, EKH said
BP adds 80 mcf/d from new Raven well in Mediterranean
BP has announced the successful start-up of the RW5 well, adding 80 million cubic feet per day (mcf/d) of new gas production within the West Nile Delta (WND) project. The new output complements increased production from the RW4 well, bringing
Gold prices fall 3.6% in one week amid market correction
Gold prices in Egypt fell by 3.6% over the past week, marking a decline of EGP 200 per gram, as the market undergoes what experts describe as a “natural correction” following record highs in October. Ehab Wassef, Chairperson of the
CI Capital Asset Management launches Sharia-compliant Gold Misr Fund with investor prizes
CI Capital Asset Management (CIAM) — Egypt’s largest asset manager and one of Forbes’ Top 40 asset managers in the Middle East and North Africa (MENA) — has announced the launch of the “Gold Misr” Fund, a Sharia-compliant gold investment
Ministers of electricity, water resources discuss maximising hydropower returns at High Dam
Minister of Electricity and Renewable Energy Mahmoud Esmat held a meeting with Minister of Water Resources and Irrigation Hani Sewilam at the ministry’s headquarters in the New Administrative Capital to review joint cooperation and strategies to enhance the performance of