Madbouly urges completion of Egypt-Saudi power link’s second phase by April 2026
Egyptian Prime Minister Mostafa Madbouly on Tuesday urged that the second phase of the Egypt-Saudi Arabia electricity interconnection project be completed so that both phases are ready for operation by April 2026. His comments came during a field visit to
Boehringer Ingelheim Launches Metalyse® 25 mg in Egypt Following Approval by the Egyptian Drug Authority
Boehringer Ingelheim, a leading research-driven biopharmaceutical company, has announced the introduction of Metalyse® 25 mg (Tenecteplase) in Egypt as a treatment for acute ischemic stroke (AIS), following its recent approval by the Egyptian Drug Authority. Egypt is the second country
BP signs agreement to drill five new gas wells in Mediterranean within its Egypt concessions
Minister of Petroleum and Mineral Resources Karim Badawy witnessed the signing of a new drilling contract marking the launch of BP’s upcoming offshore gas exploration programme in Egypt. The agreement covers the drilling of five natural gas wells in BP’s
Egypt, Jordan open 38th Islamic Network on Water Resources Management during Cairo Water Week
Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, and Jordan’s Minister of Water and Irrigation, Raed Abu Saud, inaugurated on Monday the 38th meeting of the Islamic Network on Water Resources Development and Management (INWRDAM), held on the sidelines
Banking alliance grants EGP 7bn loan to Sky Innovo Developments for Park St. Edition project
A consortium of leading banks has concluded a long-term syndicated loan agreement worth EGP 7bn in favour of Sky Innovo Developments to finance part of the investment cost of the Park St. Edition project in New Cairo’s Golden Square. The
L’Oréal Egypt’s 10th summit draws over 800 experts, focuses on dermatology
L’Oréal Egypt, a leading force in beauty, science, and innovation, launched the 10th edition of its pioneering “Skin & Hair Summit 2025.” The annual summit has become a flagship platform for scientific dialogue and knowledge exchange, bringing together top dermatologists, trichologists,
E-invoicing, e-receipts essential for cost verification, VAT refunds: ETA chief
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), emphasized that full compliance with the electronic invoicing (e-invoice) and electronic receipt (e-receipt) systems has become essential for businesses operating in Egypt—not only to align with tax legislation but also
Mars inaugurates $280m expansion in 6th of October City
Mars Wrigley has officially inaugurated a major expansion of its manufacturing facility in 6th of October City, with new production lines representing an investment of over $280m between 2023 and 2025. The ceremony was attended by Hassan El-Khatib, Minister of
Gold prices hold steady in Egypt despite stronger EGP: Metals Division
Domestic gold prices in Egypt extended their upward trajectory for the eighth consecutive week, buoyed by a historic surge in global gold prices, which surpassed the $4,000 per ounce mark for the first time, according to Ehab Wassef, Chairperson of
Al-Sisi holds talks with US, Chinese energy giants on Egypt expansion plans
Egyptian President Abdel Fattah Al-Sisi held separate meetings on Sunday with senior executives from US energy giants ExxonMobil and Apache Corporation, as well as China’s state-owned chemical engineering firm CNCEC, to discuss boosting investment and exploration in the country’s energy