MSMEDA signs EGP 300m financing agreement with Reefy
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has signed a financing agreement worth EGP 300m with Reefy Microfinance Enterprise Services to support micro enterprises across Egypt. The agreement was signed by Mohamed Medhat, Deputy CEO of MSMEDA, and
Egypt targets 480 new oil and gas wells in $5.7bn exploration push
Egypt plans to drill 480 exploratory wells with total investments estimated at $5.7bn over the next five years, Minister of Petroleum and Mineral Resources Karim Badawi said on Monday, as the country seeks to reverse a decline in natural gas
HSBC Economists highlight global shifts, Egypt’s recovery prospects
HSBC Egypt hosted nearly 300 clients, business leaders and industry experts at its annual Economist Roadshow, bringing together the bank’s leading economists to discuss key developments shaping global markets, the regional outlook and their implications for Egypt’s economy. The event
Four-nation consortium launches 2GW Atum Solar plant in Egypt targeting US exports
Egypt laid the foundation stone on Monday for a $210m solar energy manufacturing complex in the Suez Canal Economic Zone (SCZONE), a project involving Chinese, Emirati, Bahraini, and Egyptian partners with a targeted annual capacity of 2 gigawatts (GW). The
Egypt, Italy’s Eni discuss healthcare partnership to operate two hospitals
Prime Minister Mostafa Madbouly met executives from Italy’s Eni and the San Donato Hospitals Group on Monday to discuss cooperation in community development within the healthcare sector, including the management and operation of two hospitals in Cairo and the New
PM Madbouly urges investors to ‘double’ stakes as Egypt trade deficit hits 10-year low
Prime Minister Mostafa Madbouly urged business leaders to “double” their investments in Egypt on Monday, citing the country’s lowest trade deficit in a decade and record non-oil exports as evidence of a “vast and promising” economic climate. Speaking at a
Egypt begins trial operations at Red Sea Container Terminal as first vessel docks at Sokhna Port
Egypt has launched trial operations at Red Sea Container Terminal No. 1 at Sokhna Port, marking a significant milestone in its strategy to transform national ports into a regional hub for transport, logistics and transshipment. The launch was inaugurated by
Egypt, Saudi FMs discuss Gaza, Sudan and preparations for Supreme Coordination Council
Egypt’s Foreign Minister Badr Abdelatty held a phone call with his Saudi counterpart Faisal bin Farhan as part of ongoing coordination between the two countries, Egypt’s Ministry of Foreign Affairs said on Monday. During the call, Abdelatty stressed the depth
Egypt moves to roll out ‘green label’ for plastic products to boost circular economy
Egypt has held the first meeting of a committee tasked with rolling out a national “green label” certification system for plastic products and packaging, as part of broader efforts to promote sustainability and advance a circular economy, the Ministry of
European canned peaches enter Egyptian market at Cairo B2B industry event
European canned peaches were formally introduced to the Egyptian market during a business-to-business industry event held in Cairo on Tuesday, bringing together representatives from the hospitality sector, food importers, and distributors. The event was organised as part of the PeachTheGreatMENA