SCZONE signs agreement with S. Korea’s H&L for ready-made garments factory in West Qantara with $12m investment
The Suez Canal Economic Zone (SCZONE) signed on Tuesday a contract with H&L Egypt Apparel, a subsidiary of South Korea’s H&L Group, to establish a ready-made and sports garments factory in the West Qantara Industrial Zone with investments totaling $12m
GCF approves $50m for climate-tech investments in Egypt
Egypt’s Acting Environment Minister, Manal Awad, announced that the Green Climate Fund (GCF) Board has approved $50m for climate-tech investments in Egypt. This funding is part of the Novastar Investment Fund III, a $200m equity venture aimed at mobilizing climate-related
Egypt launches new cancer pharmaceuticals sector to boost drug industry localization
Egypt’s Health Minister Khaled Abdel Ghaffar announced on Tuesday the launch of the new Eva Pharma Oncology and Hematology Division, marking a significant milestone in the country’s efforts to localize advanced pharmaceutical manufacturing and enhance national health security. Speaking at
Mansour Group breaks ground on $150m MAC transport vehicle factory in 6th of October City
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, laid the foundation stone for the MAC transport vehicles factory, a new project by Mansour Automotive Group, in 6th of October City, West Cairo. Al-Wazir said
Madbouli seeks to boost Qatari investments, reaffirms support for Yemen at Doha Summit
Egyptian Prime Minister Mostafa Madbouli held a series of high-level meetings in Doha on the sidelines of the first Global Alliance Leaders’ Summit to Combat Hunger and Poverty, where he represented President Abdel Fattah Al-Sisi. During his visit, Madbouli met
Egypt’s solar panel production to begin by early 2026 with up to 90% local component: GAFI
Egypt will begin solar panel production in early 2026 with a local component rate of up to 90%, according to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI). Heiba said the move marks a significant
Egypt, Ireland explore partnership opportunities in food security, agritech
Egypt’s Minister of Agriculture and Land Reclamation Alaa Farouk met with Noel Grealish, Ireland’s Minister of State for Agriculture and Food, in Cairo to discuss strengthening bilateral cooperation in agriculture, livestock production, and agricultural research. The meeting, attended by Deputy
Pend launches Pend.Finance to empower institutions, individuals with future-ready tech solutions
Pend announced the launch of Pend.Finance, the Middle East’s first integrated smart infrastructure platform powered by artificial intelligence (AI) and blockchain, marking a major step in its mission to create a transparent and trusted digital financial ecosystem. Designed to address
NVL Egypt starts production of ten PV43-M naval vessels
NVL Egypt, a subsidiary of German shipbuilding group NVL, has begun the production phase for a programme to build ten PV43-M naval vessels in cooperation with Alexandria Shipyard, the company has announced. Production began on schedule in September. The new
25 injured after minibus overturns on Cairo–Sokhna road
Egypt’s Health Ministry announced that 25 people were injured on Monday when a minibus belonging to the Ministry of Youth and Sports overturned at kilometer 40 on the Cairo–Ain Sokhna Road, near the New Administrative Capital. Health Ministry Spokesperson Hossam