Egypt ranks among top 10 countries for certified project managers worldwide
Egypt has emerged as a global leader in project management, ranking 7th worldwide in the number of certified project management professionals, according to the Project Management Institute (PMI). With nearly 30,000 PMI-certified practitioners across industries, Egypt now represents one of
Arcius to acquire Egypt’s Harmattan gas field, strengthening Eastern Mediterranean portfolio
Arcius has signed a binding agreement to acquire the Harmattan gas and condensate field in Egypt’s Eastern Mediterranean waters, pending final regulatory approvals. The offshore field lies approximately 2.5 kilometres north of Ras El-Barr in Damietta and will be developed
Egypt’s cabinet approves automatic registration for universal health insurance
Egypt’s cabinet on Wednesday approved a decision to automatically register vulnerable citizens in the country’s universal health insurance system, removing the need for them to take any action to benefit from the services. The automatic registration mechanism will apply to
Egypt’s Banque Misr expands into East Africa with new Djibouti subsidiary
Banque Misr has officially inaugurated Banque Misr Djibouti, marking its first Egyptian state-owned banking subsidiary in East Africa. The inauguration ceremony was attended by Hisham Okasha, Chairperson and CEO of Banque Misr; Abdoulkader Kamil Mohamed, Prime Minister of Djibouti; Abdelrahman
Egypt, Lebanon sign MoUs to enhance economic, development cooperation
Egypt and Lebanon have signed several memoranda of understanding (MoUs) to strengthen cooperation and exchange expertise in economic and development policy-making, including two MoUs with Egypt’s Ministry of Planning and its affiliated Institute of National Planning (INP). The signings took
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