Al-Sisi urges intensified diplomacy to contain regional escalation
Egyptian President Abdel Fattah Al-Sisi has called for stepped-up diplomatic engagement with friendly nations to address regional crises through negotiation and peaceful means, amid mounting tensions. In a statement, the Egyptian presidency said Al-Sisi met on Monday with Foreign Minister
Al-Sisi, Russian aide Patrushev discuss Suez Canal industrial zone, El Dabaa nuclear plant in Cairo
Egypt and Russia are advancing cooperation on maritime navigation and major joint infrastructure ventures, including the El Dabaa nuclear power plant and a Suez Canal industrial zone, officials announced following discussions in Cairo on Monday. The talks between Egyptian President
Vantage Capital invests $45m in MIDO, a leading Egypt-based speciality paints coatings manufacturer
Vantage Capital, Africa’s largest mezzanine debt fund manager, has provided $45m of mezzanine debt funding to the International Group for Modern Coatings (“MIDO”), a leading Egyptian manufacturer of speciality paints and coatings. This transaction marks Vantage Capital’s third investment in
Finance Ministry steps up investor outreach to showcase Egypt’s economic vision
The Ministry of Finance is intensifying engagement with international investors to present Egypt’s vision for navigating current economic challenges and sustaining growth. Ahmed Kouchouk, Minister of Finance, emphasized that the government has adopted a rapid, proactive approach that has been
Egypt implements 975 projects worth EGP 638bn to advance Sinai development since 2014
Prime Minister Mostafa Madbouly chaired a high-level meeting on Sunday to review executive plans for developing the Sinai Peninsula and boosting investment inflows, as part of the government’s broader strategy to achieve balanced urban growth and strengthen the national economy.
Kiwe secures final CBE approval to launch social-centric fintech platform
Kiwe, the home-grown fintech startup designed around how people use money today, has received final approval from the Central Bank of Egypt (CBE) to launch its application and card in the Egyptian market. The milestone signals the arrival of a
Egypt ends shop closure rules, eyes solar incentives as US-Israeli-Iranian” crisis weighs on regional growth
Egypt has lifted an 11 p.m. mandatory closing time for public shops, commercial centres, and restaurants, and will launch a solar energy incentive initiative for homes and factories, the government announced following a crisis management meeting addressing the economic fallout
Al-Sisi approves Galala development plan, orders tourism, trade expansion
Egyptian President Abdel Fattah Al-Sisi has approved a comprehensive four-year development plan for Galala City on Egypt’s Red Sea coast, aimed at transforming the area into an integrated hub for tourism, trade, and economic activity. According to the presidency, Al-Sisi
Egypt urges Iran, Qatar to uphold diplomacy, ease regional tensions
Egypt’s Foreign Minister Badr Abdelatty held phone calls with Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani and Iranian Foreign Minister Abbas Araqchi to discuss ongoing US-Iran negotiations and efforts to reduce regional tensions, the Egyptian
Zhour Developments launches EGP 10bn FioRI compound in west Cairo
Zhour Developments has announced the launch of FioRI compound, a mixed-use residential project in west Cairo, with total investments exceeding EGP 10bn. The project reflects continued expansion in west Cairo, an area that has attracted increasing real estate activity in