Egypt’s Petroleum Minister explores stronger energy ties with UK’s Harbour Energy
On the sidelines of the CERAWeek Global Energy Conference in Houston, Texas, Minister of Petroleum and Mineral Resources Karim Badawi met with Harbour Energy CEO Linda Cook to discuss enhanced cooperation in exploration and drilling. The meeting also reviewed plans
Egypt strengthens business climate to attract more FDI, streamline investment procedures
Hassan El-Khatib, Minister of Investment and Foreign Trade, participated in a panel discussion organized by the Egyptian Private Equity and Venture Capital Association (EPEA), alongside key government officials and business leaders. The discussion, which included Rania Al-Mashat, Minister of Planning,
Egypt’s Al-Wazir, MSC Group discuss new investments to strengthen transport, logistics
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir met with Soren Toft, CEO of MSC Group, to explore new investment opportunities in Egypt’s transport and logistics sectors. The discussions align with Egypt’s strategy to
MSMEDA issues 130,000 licences for small enterprises over past decade
Basil Rahmy, CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), announced that between July 2014 and December 2024, the agency issued 19,804 final and temporary business regularization licences, along with 110,137 final licences for small enterprises. These
IMF approves $2.5bn for Egypt, including $1.3bn for climate resilience
The International Monetary Fund (IMF) has approved a $2.5bn financing package for Egypt, with approximately half to be disbursed immediately, according to statements from the IMF and the Egyptian Ministries of Finance and Environment. Of the total, $1.2bn will be
Egypt’s Petroleum Minister participates in global energy conference CERAWEEK in Houston
Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources, took part in the CERAWEEK global energy conference, held from 10 to 14 March, in Houston, Texas. Themed “Moving Forward: Energy Strategies in a Complex World,” this year’s event focuses on
IFC, Kazyon strengthen partnership to boost Morocco’s food retail sector
The International Finance Corporation (IFC) is expanding its partnership with Kazyon Group to support the development of Morocco’s discount grocery retail sector. This initiative aims to improve access to quality food and create tens of thousands of jobs, particularly for
ODE achieves record EGP 32.5bn in real estate sales, marking 67% growth in FY 2024
Orascom Development Egypt (ODE) has announced its consolidated results for Q4 2024, reporting record-breaking financial performance for the fiscal year (FY) 2024. The company achieved EGP 32.5bn in real estate sales, reflecting a 67% year-over-year (YoY) growth, with revenues surging
Egypt launches new initiative for expats to invest in 1.5 Million Feddan Project
In a bid to enhance investment opportunities for Egyptians abroad, the New Egyptian Countryside Development Company has launched a new initiative titled “Your Farm in Egypt,” in collaboration with the Ministries of Foreign Affairs and Migration and Egyptians Abroad Affairs.
Renewable energy dominates Egypt’s new investment strategy
Egypt is prioritising renewable energy in its new investment plan to become a regional energy hub, officials announced after a meeting between Planning Minister Rania al-Mashat and Electricity Minister Mahmoud Essmat on Tuesday. The discussions focused on the electricity and