Egypt signs strategic partnership to advance orthopedic care with Zimmer Biomet
Egypt’s Ministry of Health and Population signed a cooperation protocol on Monday with US-based medical technology firm Zimmer Biomet and local distributor AZM to expand access to advanced orthopedic and…
Over 6,000 projects completed in Upper Egypt with EGP 32bn Investment: Local Development Minister
Manal Awad, Egypt’s Minister of Local Development, met with a World Bank delegation to assess progress in the Upper Egypt Local Development Programme and explore ways to strengthen the region’s…
ZEINOX, OQ Group to launch $2.6m plastics factory in Oman
A strategic cooperation agreement has been signed between Egypt’s Arab Metals Company ZEINOX and Oman’s OQ Group to establish a plastic manufacturing facility in the Sultanate of Oman, with a…
Petroleum Minister inspects LNG infrastructure in Ain Sokhna ahead of summer demand surge
Minister of Petroleum and Mineral Resources Karim Badawy conducted an inspection tour at Ain Sokhna’s SUMED and Sonker ports to review infrastructure readiness for receiving additional Floating Storage and Regasification…
FSRU Energos Power arrives at Alexandria Port to boost summer gas supply
The Energos Power, a new Floating Storage and Regasification Unit (FSRU) operated by US-based New Fortress Energy, has docked at the southern berth of the Tahya Misr terminal in Alexandria…
NBE, Banque Misr cut EGP savings rates by 1%, halt USD certificates with local currency payouts
The National Bank of Egypt (NBE) and Banque Misr announced interest rate cuts of 1% on their Egyptian pound-denominated savings certificates, effective Tuesday, May 27, 2025. Both banks also suspended…
16 FinTech firms licensed, leading digital transformation in non-banking sector: Egypt’s FRA
Sixteen companies have obtained financial technology (FinTech) licences from Egypt's Financial Regulatory Authority (FRA) and are spearheading digital transformation efforts in the non-banking sector, its chairperson Mohamed Farid said on…
Egypt’s Al-Sisi meets US business leaders, promotes investment opportunities
Egyptian President Abdel Fattah Al-Sisi met with a US business delegation in Cairo on Monday, discussing enhanced economic cooperation and investment opportunities, the Egyptian presidency said. The delegation, participating in…
Germany, Egypt ink €118m finance deal, new €21m debt swap tranche
Egypt and Germany signed a €118m (approx. EGP 6.7bn) financial cooperation agreement to support education and the energy pillar of Egypt's "NWFE" programme, alongside a new €21m (EGP 1.2bn) debt…
New Alamein City to host Egypt International Sculpture Symposium, “ART SPACE”
New Alamein City is preparing to host two international art events in 2025: the first Alamein edition of the Egypt International Sculpture Symposium from 6 to 30 August, and the…