Khaled Sabry Developments sells out first phase of Waterside Villas, deliveries begin October
Khaled Sabry Developments has sold out the first phase of Waterside Villas at its Rosail City project in Mostakbal City, after completing 100% of the phase’s construction works. The company…
Egypt, Huawei discuss local manufacturing of BESS, 4,000 MWh standalone plants
Egypt’s Minister of Electricity and Renewable Energy Mahmoud Esmat met with Huawei Egypt CEO Benjamin Houwei and senior company officials to review progress on a project to locally manufacture battery…
ADCB Egypt provides EGP 618m financing to IDG for New October industrial project
Abu Dhabi Commercial Bank (ADCB) – Egypt has signed a financing agreement with Industrial Development Group (IDG), providing the company with a credit facility worth EGP 618m to finance the…
Industry minister inspects furniture, fertilizer and textile factories in Damietta
Egyptian Minister of Industry Khaled Hashem and Damietta Governor Hossam El-Din Fawzi inspected a number of major factories and industrial facilities in Damietta as part of the government’s efforts to…
Government coordinates efforts to boost investment, trade and economic development
Egyptian Minister of Foreign Affairs Badr Abdelatty held separate meetings with Minister of Investment and Foreign Trade Mohamed Farid and Minister of Planning and Economic Development Ahmed Rostom on Sunday…
US, Iran escalate rhetoric as Washington prepares ‘harshest’ sanctions announcement
The United States and Iran have escalated their rhetoric ahead of expected new American economic sanctions, which Washington describes as the "harshest in history", amid persistent military threats and ongoing…
Suez Canal restores Europe-Asia shipping services amid increased Maersk transits
The Suez Canal has successfully restored several shipping services operating on the trade route between Europe and Asia, recording a noticeable increase in daily transit rates by Maersk container vessels,…
Study raises concerns over heavy metal exposure from popular fish sold in Egypt
For many Egyptian families, fish is a staple on the table: affordable, rich in protein and widely considered a healthier alternative to red meat. However, a new study suggests that…
Gold prices in Egypt rise 5.8% in one week
Gold prices in Egypt continued their upward trend for the third consecutive week, supported by a strong rally in global gold prices and a rise in the US dollar against…
Military production minister follows up on development plans for ammunition-manufacturing companies
Salah Gomblat, Minister of State for Military Production, held a meeting with the chairpersons of the Ministry’s affiliated companies operating in ammunition production to review the implementation of supply contracts,…