Egypt targets 480 new oil and gas wells in $5.7bn exploration push
Egypt plans to drill 480 exploratory wells with total investments estimated at $5.7bn over the next five years, Minister of Petroleum and Mineral Resources Karim Badawi said on Monday, as…
Legislative, technological reforms expand access to non-banking financial activities: FRA chair
Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), said that the development of legislative and regulatory frameworks, alongside the expansion of fintech applications, has played a pivotal role in…
CIB launches Women in Business Empowerment Programme
Commercial International Bank Egypt (CIB) has launched the Women in Business Empowerment Programme, developed in cooperation with the European Bank for Reconstruction and Development (EBRD) and supported by the European…
GAFI witnesses first Polish investment agreement in Egypt’s frozen food sector
The General Authority for Investment and Free Zones (GAFI) has witnessed the signing of a land sale agreement between Elsewedy Industrial Development and Poland-based Fruitful, marking the first Polish investment…
Al-Mashat, Ibrahimaj lead talks to expand Egyptian-Albanian investment
Egypt and Albania have held the first session of their joint committee since 1993, a move officials described as a step toward utilising their respective geographic locations to expand access…
Interest on external loans deductible for firms involved in strategic projects: Kouchouk
Finance Minister Ahmed Kouchouk said the second package of tax incentives includes measures to prevent double taxation, notably by exempting dividend distributions for Egyptian companies affiliated with holding companies resident…
As Kyiv weighs neutrality, Kremlin eyes a ‘cornerstone’ for peace while Europe warns of trap
Behind closed doors in the German capital, a marathon session lasting more than five hours on Sunday marked a potential turning point in the roadmap to end the war in…
‘Friends become enemies’: Trump’s new strategy fractures European unity
For decades, the European Union has prided itself on negotiating with Washington as a singular, heavyweight bloc of 27 nations. But as President Donald Trump unleashes a fresh diplomatic barrage…
Madinaty Golf Club hosts charity tournament for Alzheimer’s awareness
Madinaty Golf Club has hosted a charity tournament to raise awareness for Alzheimer's disease, an initiative Omar Hisham Talaat, Chief Business Development Officer at Talaat Moustafa Group (TMG), said aimed…
Egypt, Albania convene joint economic committee for first time since 1993
Egyptian Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat arrived in Tirana on Sunday to chair the Egyptian–Albanian Joint Committee for Economic, Scientific, and Technical Cooperation, which is…