Electricity, petroleum ministers review plans to meet peak summer power demand
Mahmoud Esmat, Minister of Electricity and Renewable Energy, met with Karim Badawi, Minister of Petroleum and Mineral Resources, to review the joint action plan as part of ongoing preparations to meet the anticipated rise in electricity demand during the current
Jotun Egypt invests over $100m in new plant, expands exports and launches local fire protection manufacturing
Ibrahim El Shamy, CEO of Jotun Egypt, said the company has invested more than $100m in its new manufacturing facility in 10th of Ramadan City over the past three years, reaffirming its commitment to expanding operations in Egypt and strengthening
Accor, Margins Developments to launch Novotel hotel, branded residences in New Cairo
Global hospitality group Accor and Margins Developments have signed an agreement to develop a Novotel hotel and Novotel-branded residences at the LUSAIL Residence project in New Cairo’s Sixth Settlement, marking Margins’ entry into Egypt’s hospitality sector. The mixed-use development will
Arady Misr to launch Egypt’s first fractional land investment platform
Arady Misr, an Egyptian digital land marketplace, has announced the upcoming launch of Arady Shares, a platform that will enable investors to acquire fractional ownership of land through investments starting from as little as one square metre. The platform aims
India’s Jai Dadi Group launches $16m Nile Ferro Alloys plant in Sinai’s Technology Valley
Walid Gamal El Din, Chairperson of the Suez Canal Economic Zone (SCZONE), laid the foundation stone for the Nile Ferro Alloys plant, a major investment by India’s Jai Dadi Group in the East Ismailia Industrial Zone (Technology Valley), Sinai. The
Industry minister discusses Schneider Electric’s expansion plans, local manufacturing strategy
Egypt’s Minister of Industry, Khaled Hashem, met with Sebastien Riez, CEO of Schneider Electric for North East Africa and the Levant, to discuss the company’s current and future expansion plans in the Egyptian market, as well as opportunities to deepen
Private sector to account for 59% of total investment in FY2026/27: Planning minister
Ahmed Rostom, Minister of Planning and Economic Development, said on Monday that the government adopted an economic and social development plan for the 2026/27 fiscal year that targets increasing the private sector’s share of total investment to around 59%. Rostom
Planning minister chairs National Investment Bank committee meeting
Ahmed Rostom, Minister of Planning and Economic Development and Chairperson of the National Investment Bank (NIB), chaired a meeting of the bank’s Investment Committee. The committee reviewed NIB’s investment portfolio, including its holdings across institutions listed on the capital market,
Egypt, Switzerland sign $1.7m grant for e-waste recycling project
Egypt and Switzerland have signed a 1.4m Swiss franc ($1.7m) grant agreement to launch a project aimed at building a national system for the sustainable management of electronic waste, supporting the country’s transition to a circular economy and expanding green industries.
Egypt puts freelancers at core of offshoring push
Egypt is sharpening its push into the global offshoring market, placing digital freelancers at the centre of a broader strategy to scale cross-border digital services and expand export-driven growth, as competition for digital talent intensifies worldwide. Mahmoud Sofrata, Vice President