Egypt launches MENA’s largest AI-powered quick-commerce fulfilment hub for Talabat
Egypt has taken a significant step in advancing its digital economy and logistics capabilities with the inauguration of the Middle East and North Africa’s largest quick-commerce fulfilment centre, developed by…
Middle East conflict sparks steepest energy price surge in four years: World Bank
The ongoing conflict in the Middle East is set to trigger the sharpest increase in global energy prices since 2022, sending shockwaves through commodity markets and clouding growth prospects worldwide,…
Cairo Metro Line 4 first phase to open in 2028 as tunnelling milestone reached
The first phase of Cairo Metro Line 4, which includes the new Pyramids station, is scheduled to open in the first half of 2028, the head of the National Authority…
UAE to exit OPEC and OPEC+ alliances on May 1, 2026
The United Arab Emirates will exit the Organisation of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance on May 1, 2026, the state news agency WAM said in a…
Minister of Planning, Ayady explore measures to boost Egypt’s start-up ecosystem
Ahmed Rostom, Minister of Planning and Economic Development, met with Osama Saleh, Chairperson of Ayady for Investment and Development, affiliated with the National Investment Bank (NIB), to explore ways to…
Al-Sisi, Japan PM reaffirm strategic partnership, regional coordination
Egyptian President Abdel Fattah Al-Sisi and Japanese Prime Minister Sanae Takaichi reaffirmed their commitment to expanding strategic ties and strengthening economic, educational, and political cooperation, Egypt’s presidency announced on Tuesday. In…
Egypt, Türkiye deepen mining, energy cooperation to attract investment, advance regional integration
Cairo / Istanbul - Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, held a series of high-level meetings with Turkish officials and leading mining and energy companies to expand…
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…
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…
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…