Opella appoints Murali Rao as AMET Brand and Innovation Head
Healthcare company Opella has appointed Murali Rao as its Brand and Innovation Head for the Africa, Middle East and Turkey (AMET) zone, mandating him to steer the firm's brand portfolio…
CIB completes EGP 1.307bn securitisation issuance for B.TECH
Commercial International Bank - Egypt (CIB) has completed an EGP 1.307bn securitisation issuance for B.TECH, acting as the exclusive financial advisor, lead arranger, issuance manager, promoter, and underwriter for the…
French companies plan new renewable energy projects in Egypt, ambassador says
French companies are planning multiple new projects in Egypt's clean and renewable energy sectors in the coming period, the French ambassador to Cairo confirmed during discussions on national power grid…
Egypt seals rail deals to localize 500 AC coaches, boost fleet modernization
Egypt’s Ministry of Transport has overseen the signing of two landmark agreements between Egyptian National Railways and the National Egyptian Railway Industries Company (NERIC), advancing efforts to localize railway manufacturing…
Industry Minister meets Savola Group, backs expansion, local manufacturing drive
Egypt’s Minister of Industry, Khaled Hashem, met with a delegation from Savola Group, led by CEO Sameh Hassan, to discuss the company’s operations in Egypt and future expansion plans. The…
EBRD extends EGP 250m facility to Fawry Microfinance to boost youth-led enterprises
The European Bank for Reconstruction and Development (EBRD) has extended a financing facility worth EGP 250m (approximately €4.4m) to Fawry Microfinance, a wholly owned subsidiary of Fawry for Banking Technology…
CBE to roll out new financial inclusion strategy by mid-year
Sherif Lokman, Deputy Governor of the Central Bank of Egypt (CBE) for Financial Inclusion and Sustainability, announced that the Bank will launch its new Financial Inclusion Strategy 2026-2030 by mid‑year.…
Egypt poised to become gateway to Africa, Europe: Steve Lutes
Amid shifting global supply chains and evolving partnerships across the Middle East and North Africa, Egypt stands at a pivotal geopolitical crossroads. With its unmatched geographic positioning and the vital…
Israeli PM Netanyahu faces mounting electoral threat as inconclusive multi-front wars erode public trust
Israeli Prime Minister Benjamin Netanyahu is facing escalating political challenges and widespread public exhaustion ahead of October elections, as multi-front wars against Iran, Hamas, and Hezbollah fail to secure decisive…
EU to downgrade economic forecasts as ‘Iran war’ triggers stagflation and political fears
The European Union will almost certainly downgrade its full-year economic forecasts as the ongoing "Iran war" and the closure of the Strait of Hormuz plunge the bloc into stagflation, threatening…