EBRD considers $200m debt finance for 1.1 GW Suez Wind Energy
The European Bank for Reconstruction and Development (EBRD) is considering senior debt financing of up to $200m in debt financing to support Suez Wind Energy, an Egyptian special purpose vehicle (SPV) established to build and operate a 1.1 GW wind
MSMEDA, World Bank partner to upgrade Egyptian entrepreneurship eco-system: Rahmy
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), emphasized enhancing Egyptian startups with both financial and technical support, by working on developing innovative ideas to reach the commercialized stage. “Such set of supportive programs targeting
Zamil Steel marks 25 years in Egypt with 7,400 projects
Zamil Steel Holding’s factories in Egypt have produced around 1.2 million tonnes of metal structures for approximately 7,400 projects, serving various industrial applications over the last 25 years. Roughly 450,000 tonnes of these structures have been exported to more than
Egypt’s pharmaceutical market records EGP 277bn annual sales: EDA
Ali Ghamrawy, Chairperson of the Egyptian Drug Authority (EDA) has reported that the total sales of Egypt’s pharmaceutical market from October 2023 to September 2024 reached 3.6 billion units, valued at approximately EGP 277bn, positioning it as one of the
Egypt, Japan’s JOIN discuss investment cooperation in infrastructure
Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), met with Hideki Okada, Head of the Business Development Unit at Japan Overseas Infrastructure Cooperation (JOIN) to discuss ways to encourage Japanese companies to pump new investments
Communications sector contributes 5.8% to GDP in FY 2023/24: Talaat
Amr Talaat, Egypt’s Minister of Communications and Information Technology, has emphasized that the success of Egypt’s communications and IT sector is built on its human capital and expertise, which have been driving growth for six consecutive years. Thanks to the
EU envoy praises human rights reforms in Egypt
EU Special Representative (EUSR) for Human Rights, Olof Skoog, visited Egypt from 4 to 5 November, in a follow-up mission to EUSR Eamon Gilmore’s trip in April 2022. Ongoing human rights reforms were discussed based on Egypt’s commitments, including national
EU approves €20m assistance for Egyptian Armed Forces
The European Council on Wednesday approved €20m in assistance for the Egyptian Armed Forces (EAF) under the European Peace Facility (EPF). The funds will be used to bolster the EAF’s capabilities to enhance national security and stability in Egypt, as
Egyptian cinema: Analyzing decline, charting path forward
Despite the numerous cinematic productions and various works that have emerged since the beginning of 2024, including high-budget films like “Al-Sarb,” “Awlad Rizk 3,” “Shako,” and “Ahl Al-Kahf,” which have attracted millions of devoted fans of Egyptian cinema both domestically
TMG hits EGP 470bn in sales, outpacing top 9 competitors combined: Hisham Talaat Moustafa
Talaat Moustafa Group (TMG) has achieved record sales, generating EGP 470bn in revenue since the beginning of 2024, according to CEO Hisham Talaat Moustafa. This figure surpasses the combined sales of the top nine real estate companies in Egypt, solidifying