Converted acquires Mitcha to strengthen AI-powered advertising ecosystem in Egypt, region
Converted, a company specialising in AI-driven advertising technology for emerging markets, has announced the acquisition of Mitcha, an Egyptian e-commerce platform dedicated to supporting local fashion designers. The move marks…
Egypt’s FRA greenlights Granite’s dollar-denominated fixed-income fund
Granite Financial Holding has received approval from Egypt’s Financial Regulatory Authority (FRA) to launch a new USD-denominated fixed-income fund, marking a significant milestone in its expansion within the CashTech sector.…
Egypt opens Panamanian market to citrus exports
Egypt’s Ministry of Agriculture and Land Reclamation announced that the Central Administration of Plant Quarantine has successfully secured access to the Panamanian market for Egyptian citrus exports, marking a new…
Egypt, South Africa highlight women’s role in water management
Egypt’s Minister of Water Resources and Irrigation, Hany Sewilam, and South Africa’s Minister of Water and Sanitation, Bimmy Majodina, opened a joint virtual seminar marking International Women’s Day to discuss…
ELAB achieves record 141,000 tonnes of LAB production in 2025
The Egyptian Linear Alkyl Benzene Company (ELAB) recorded its highest production levels since its establishment, producing 141,000 tonnes of Linear Alkyl Benzene (LAB) during the 2025 fiscal year, according to…
Industry Minister discusses challenges, expansion plans with ceramic producers
Egypt’s Minister of Industry Khaled Hashem held an expanded meeting with a number of ceramic and porcelain manufacturers to discuss the key challenges facing the sector and explore potential solutions…
Investment, agriculture ministers discuss boosting Egypt’s investment presence in Africa
Minister of Investment and Foreign Trade Mohamed Farid Saleh and Minister of Agriculture and Land Reclamation Alaa Farouk held a high-level coordination meeting with representatives from sovereign, economic and diplomatic…
FRA approves new short-selling rules to boost stock market liquidity
The Financial Regulatory Authority (FRA) has issued a regulatory decision governing securities borrowing for the purpose of sale, commonly known as short selling, aimed at enhancing market efficiency and increasing…
Global oil markets in turmoil as Iran war shuts Hormuz and prices eye $100
Global oil markets are facing escalating chaos as major producers begin cutting output and prices surge toward $100 a barrel following the effective closure of the Strait of Hormuz amid…
PROFILE: Mojtaba Khamenei, the gatekeeper now leading Iran
Mojtaba Khamenei, the 56-year-old cleric who spent decades as the most powerful "gatekeeper" in the Islamic Republic, was named Iran’s third Supreme Leader on Sunday, formalising a transition from the…