Egypt, Eritrea move to deepen industrial, investment cooperation
Egypt’s Minister of Industry, Khaled Hashem, held talks with Hagos Gebrehiwet, Economic Adviser to the Eritrean President, and Nasr El-Din Saleh, Eritrea’s Minister of Trade and Industry, to explore avenues for strengthening bilateral cooperation in industry and joint investment. Hashem
Sakr to invest EGP 940m in three projects at Sokhna Industrial Zone
Waleid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), witnessed the signing of contracts for three new projects by Sakr for Electronics and Energy (SDC Investment Fund) within the MDC industrial developer’s zone in the integrated Sokhna Industrial
FRA chief pushes responsible pricing to boost SME financing confidence
Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), convened an expanded meeting with representatives of companies financing micro, small, and medium enterprises (MSMEs), reinforcing the authority’s commitment to open dialogue and sector development. The discussions centered on operational and
IBF & COMPANY invests in Techno Metal to strengthen industrial portfolio
IBF & COMPANY, an investment and strategic advisory firm focused on growth-stage companies, has completed a strategic equity investment in Techno Metal, an Egyptian provider of industrial storage solutions and metal racking systems. The transaction forms part of IBF &
Startup Sync facilitates Edafa Venture’s six-figure acquisition of Cyclex to boost Egypt’s circular economy
Startup Sync, the entrepreneurship platform active in Egypt and Saudi Arabia, has successfully facilitated the acquisition of Egyptian recycling startup Cyclex by Edafa Venture, a leading venture capital firm in both markets. Cyclex specializes in recycling non-hazardous solid waste and
Egypt–Saudi partnership launches EGP 2bn entertainment investment platform in Egypt
PMaestro has announced a strategic partnership with Saudi Arabia’s Safari Group, the regional franchise rights holder of global brand Chuck E. Cheese, to establish a large-scale investment and operational platform in Egypt’s entertainment sector. Valued at approximately EGP 2bn, the
Egypt explores expanding climate finance in partnership with banking sector
Egypt’s Ministry of Local Development and Environment is stepping up efforts to expand climate finance and support sustainability-focused projects in cooperation with the banking sector, as part of advancing the country’s Vision 2030 and addressing mounting climate challenges. In a
Egypt signs deal to deploy AI-powered drones for environmental monitoring
Egypt’s Ministry of Local Development and Environment has signed a cooperation agreement with Drone Tech to deploy a smart aerial monitoring system using drones powered by artificial intelligence and geospatial analysis, as part of efforts to modernise oversight and improve
Egypt’s current account deficit narrows to $9.5bn in H1 2025/26 on strong remittances
Egypt’s current account deficit narrowed by 13.6% to $9.5bn during the first half of the fiscal year (Fy) 2025/26 financial year, driven primarily by a 29.6% surge in remittances from Egyptians working abroad to $22.1bn, alongside robust foreign direct investment
Egypt to launch ‘child SIM card’ with internet restrictions by mid-2026
Egypt will launch a dedicated “child SIM card” featuring secure internet packages, parental controls, and age-based social media restrictions before 30 June 2026, the cabinet spokesman said, as the government drafts comprehensive legislation to protect minors in the digital environment.