Al Ahly Pharos advises on MNT-Halan funding round, lifting valuation to $1.4bn
Al Ahly Pharos Investment Banking, one of Egypt’s leading investment banking firms, has announced its role as financial advisor to MNT-Halan, the region’s largest fintech ecosystem, on its latest and highly successful fundraising round. The landmark transaction has raised MNT-Halan’s
Egypt’s Vaccine City investments to reach EGP 12bn by 2030
Egypt’s Vaccine City and Biotechnology project is expected to attract investments worth EGP 12bn (approximately $240m) by 2030, Minister of Health and Population Khaled Abdel Ghaffar said, describing the initiative as a model of partnership between the government, Egyptian investors,
Egypt, Libya explore expanded healthcare cooperation, medical industry localisation
Egypt and Libya have discussed expanding cooperation in the healthcare sector, with a particular focus on pharmaceutical supply, medical industry localisation, training programmes, and healthcare infrastructure, during a meeting between senior officials from both countries. Chairperson of Egypt’s Unified Procurement
Egypt advances silo modernisation efforts to safeguard strategic grain reserves
Egypt’s Minister of Supply and Internal Trade, Sherif Farouk, chaired the General Assembly meeting of the Egyptian Holding Company for Silos and Storage to discuss and approve the company’s estimated budget for fiscal year (FY) 2026/27, as part of ongoing
Egypt, Djibouti foreign ministers reject unilateral actions in Horn of Africa during talks
Egyptian Minister of Foreign Affairs Badr Abdelatty and his Djiboutian counterpart Abdelkader Hussein Omar affirmed their rejection of any unilateral actions that compromise state sovereignty or regional stability during a phone call on Sunday focusing on security in the Horn
Al-Sisi reviews 105 power grid projects, renewable energy expansion plans
Egyptian President Abdel Fattah Al-Sisi reviewed progress on 105 projects aimed at strengthening the national electricity grid as part of the state’s efforts to improve power stability, enhance energy efficiency, and expand the use of renewable energy sources. According to
Egypt allocates EGP 60bn to upgrade power grid, support renewable energy expansion
Prime Minister Mostafa Madbouly witnessed the signing of a protocol agreement to finance projects aimed at strengthening and upgrading Egypt’s national electricity grid to accommodate growing renewable energy capacity, as the government accelerates its transition towards a greener and more
Khalda Petroleum, GPC add 12,000 bpd to Egypt’s Western Desert crude production
Egypt’s petroleum sector has increased production in the Western Desert by approximately 12,000 barrels per day (bpd) of crude oil and condensates over the past two weeks, driven by output growth from Khalda Petroleum and the General Petroleum Company. The
India marks International Day of Yoga 2026 with nationwide events across Egypt
The Embassy of India in Cairo has launched a series of events across Egypt to celebrate the International Day of Yoga 2026, highlighting the growing cultural ties between India and Egypt and promoting yoga as a pathway to health, well-being,
US Embassy in Cairo, Fulbright Egypt host regional AI conference celebrating America’s 250th anniversary
The Binational Fulbright Commission in Egypt (BFCE) and the US Embassy in Cairo hosted the Fulbright Regional Alumni Conference on “Education, Innovation, and Entrepreneurship in the Age of AI” from June 7 to 9, commemorating the 250th anniversary of the