Egypt issues $1bn international bonds in first MENA offering since Iran conflict escalation
Egypt has reaffirmed its access to international capital markets despite heightened geopolitical uncertainty, issuing $1bn in social and development bonds in what the government described as the first sovereign issuance of its kind in the Middle East and North Africa
Egypt, World Bank develop innovative financing model for infrastructure projects
Ahmed Rostom, Minister of Planning and Economic Development, met with Almud Weitz, Regional Director for Infrastructure in the Middle East and North Africa at the World Bank Group, to discuss strengthening cooperation and advancing shared strategic priorities. Rostom affirmed that
Egypt’s Abdelatty discusses $1bn World Bank development financing, IPO programme expansion
Egypt has welcomed the implementation of the second phase of a $1bn development policy financing programme with the World Bank and is looking forward to launching a third phase, Foreign Minister Badr Abdelatty said on Sunday. The announcement came during
Egypt’s Lucky secures $23m Series B to drive credit expansion across North Africa
Lucky, Egypt’s fast-growing financial technology company, has raised $23m in a Series B round combining equity and debt, as it accelerates its expansion into North Africa’s consumer credit market. The round drew support from Disruptech Ventures and DPI Venture Capital
IFC to invest $1.2bn in Egypt during FY2026
The International Finance Corporation (IFC) plans to invest around $1.2bn in Egypt during the current fiscal year 2026, up from $915m in the previous fiscal year, according to Cheick Oumar Sylla, IFC Director for North Africa and the Horn of
EIB commits $80m to RMBV North Africa Fund III, catalysing over $300m in investments
The European Investment Bank (EIB), through its development arm EIB Global, has committed $80m to the RMBV North Africa Fund III to accelerate private sector development and sustainability in Egypt, as part of a broader regional investment strategy covering North
BP adds 80 mcf/d from new Raven well in Mediterranean
BP has announced the successful start-up of the RW5 well, adding 80 million cubic feet per day (mcf/d) of new gas production within the West Nile Delta (WND) project. The new output complements increased production from the RW4 well, bringing
CI Capital Asset Management launches Sharia-compliant Gold Misr Fund with investor prizes
CI Capital Asset Management (CIAM) — Egypt’s largest asset manager and one of Forbes’ Top 40 asset managers in the Middle East and North Africa (MENA) — has announced the launch of the “Gold Misr” Fund, a Sharia-compliant gold investment
Egypt’s Abdelatty, EU’s Brunner discuss migration cooperation
Egyptian Foreign Minister Badr Abdelatty spoke with European Union Commissioner for Home Affairs and Migration, Magnus Brunner, on Tuesday to discuss cooperation on migration issues. Abdelatty congratulated Brunner on his appointment within the new European Commission. He highlighted Egypt’s commitment
Egypt, Germany discuss strengthening cooperation on water management
Egypt’s Minister of Water Resources and Irrigation, Hani Sweilem, met on Wednesday with Mario Sander, Head of the Middle East and North Africa Department at the German Federal Ministry for Economic Cooperation and Development, to explore ways to enhance bilateral