Egypt’s Electricity Minister affirms commitment to stable power supply, renewables expansion
Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Essmat, addressed the Senate on Monday, outlining the ministry’s ongoing efforts to ensure a stable, high-quality electricity supply and its future plans for the sector. He affirmed the government’s commitment to providing
Egypt unveils new oil, gas investment opportunities to boost production
Egypt’s Ministry of Petroleum and Mineral Resources has announced fresh investment opportunities aimed at enhancing exploration, production, and sustainability in the oil and gas sector. The ministry is offering access to seven undeveloped fields in the Mediterranean and six exploration
Gold Star Fashion invests $4.5m in garment factory at West Qantara
The Suez Canal Economic Zone (SCZONE) has signed an investment agreement with Chinese apparel manufacturer Gold Star Fashion to establish a garment production facility in the West Qantara Industrial Zone. The agreement, signed at SCZONE’s headquarters in the New Administrative
MSMEDA injects EGP 2.6bn to support over 95,000 small, micro projects in Qena
Basil Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), announced that the agency has provided EGP 2.6bn in funding for over 95,000 small and micro projects in Qena between July 2014 and December 2024. This initiative
CI Capital, Compass launch EGP 3bn C3 Fund to invest in EGX-listed equities
CI Capital Holding and Compass Capital for Financial Investments announced on Monday the launch of Egypt’s first onshore private equity fund, C3 Capital Fund 1, with a target size of EGP 3bn at final close. The fund is dedicated to
German investors eye Egypt as key market, multiple trade delegations expected in 2025
German investors are showing a strong interest in Egypt’s economic potential, recognizing the country’s strategic opportunities and ongoing market reforms, according to Maren Diale-Schellschmidt, CEO of the German-Arab Chamber of Industry and Commerce (AHK Egypt). She emphasized that Egypt’s economic
Egyptian medical convoy provides dental care for 154 Palestinian patients in North Sinai
Egypt’s Ministry of Health and Population announced that a specialized medical convoy continues to operate across Sheikh Zuweid Central Hospital, Arish General Hospital, and Bir al-Abd Model Hospital, offering essential dental care to injured Palestinian patients and their companions. Hossam
Mortgage finance in Egypt reaches EGP 81.22bn, benefiting 617,500 citizens
Mai Abdel Hamid, CEO of the Social Housing and Mortgage Finance Fund (SHMFF), announced that total mortgage financing in Egypt has reached approximately EGP 81.22bn, benefiting 617,500 recipients through 22 banks and eight mortgage finance companies. She noted that direct
The MarQ Communities delivers first residential units at The MarQ Gardens in New Cairo
The MarQ Communities has begun handing over the first batch of residential units at The MarQ Gardens, its flagship project in New Cairo. During a press conference, Amr Badr, Chairperson and CEO of The MarQ Communities, announced that the company
Egyptian PM reviews projects with Electricity, Investment Ministers
Prime Minister Mostafa Madbouly on Sunday met with Mahmoud Essmat, Minister of Electricity and Renewable Energy, and Hassan El-Khatib, Minister of Investment and Foreign Trade, to discuss and review several joint projects. The meeting took place at the New Administrative