Beltone Venture Capital, Citadel International exit Bosta with 75% IRR
Beltone Venture Capital and UAE-based Citadel International Holdings have announced the successful exit of their joint investment in logistics startup Bosta, achieving an internal rate of return (IRR) of 75%. The transaction represents the fifth successful exit for Beltone Venture
Madbouly tours major factories, reinforces push to localize industry, expand exports
Prime Minister Mostafa Madbouly conducted an extensive tour of several industrial facilities in 6th of October City and El Sadat City, reaffirming Egypt’s commitment to strengthening local manufacturing, increasing domestic content, and attracting global investment across strategic sectors including automotive,
Egypt closely monitors hijacked tanker carrying Egyptian crew near Somalia
Egypt’s Foreign Ministry announced on Monday that it is closely following the hijacking of the oil tanker M/T Eureka, which was carrying eight Egyptian sailors. The vessel was reportedly seized in Yemeni territorial waters and taken toward Somali waters near
Egypt targets 70% wheat self-sufficiency by 2030 as EU-backed project aims to curb crop losses
Egypt aims to boost its wheat self-sufficiency to 70% by 2030 as domestic production nears 10 million tonnes this season, bolstered by an EU-backed mechanisation initiative targeting 400,000 farmers to heavily reduce harvest losses, Agriculture and Land Reclamation Minister Alaa
Egypt’s Investment Minister appoints Mohamed Ayyad as Assistant Minister for Strategic Communication
Egypt’s Minister of Investment and Foreign Trade Mohamed Farid Saleh, has appointed Mohamed Ayyad as Assistant Minister for Promotion and Strategic Communication under Decision No. 198 of 2026, tasking him with attracting foreign investment and enhancing the country’s economic competitiveness.
Egypt accelerates redevelopment of Cairo’s Ataba Market to upgrade commercial environment
Manal Awad, Egypt’s Minister of Local Development and Environment, inspected ongoing works under the second phase of the redevelopment of Ataba Market, part of a broader government plan to modernise commercial districts and improve infrastructure and public services across the
M squared CEO Karim Malash named to Forbes Middle East real estate leaders list
Forbes Middle East has named Karim Malash, Chairperson and Chief Executive Officer of M squared, to its Most Impactful Real Estate Leaders 2026 list. Forbes selects its award recipients based on their role and contributions to accelerating the growth of
Banque Misr funds Andalusia Hospital Maadi expansion with EGP 300m, $6.5m over 8 years
Banque Misr has signed an eight-year financing agreement worth EGP 300m and $6.5m with Andalusia Hospital Maadi to finance construction and medical expansions, as part of the bank’s role in supporting vital sectors and promoting investments with developmental impact, particularly
Egypt’s Hajj medical mission delivers 987 healthcare services to pilgrims in Saudi Arabia
Egypt’s Ministry of Health and Population said the Egyptian medical mission accompanying pilgrims during the Hajj season has provided 987 healthcare services to Egyptian pilgrims in Saudi Arabia since their arrival, while confirming that no infectious disease outbreaks have been
Egypt, Belarus explore commodity exchange cooperation to strengthen trade integration
Minister of Investment and Foreign Trade Mohamed Farid discussed mechanisms for cooperation and integration between the Egyptian and Belarusian commodity exchanges during a visit to the Belarusian Universal Commodity Exchange (BUCE) in Minsk, as part of his official visit to