Government ready to offer incentives and equity partnerships to accelerate mining projects, Egypt PM says
The government is prepared to provide various incentives and directly enter into partnerships to accelerate mining projects to the production phase, Egypt’s prime minister said on Tuesday. Mostafa Madbouly…
UAE and Egypt renew currency swap agreement worth AED 5bn
The Central Bank of the UAE and the Central Bank of Egypt (CBE) renewed a currency swap agreement between the UAE dirham and the Egyptian pound on Tuesday. The…
Bank NXT signs EGP 2.1bn credit facility with Ezz Elarab Elsewedy for automotive expansion
Bank NXT has signed an EGP 2.1bn credit facility agreement with Ezz Elarab Elsewedy Investments to finance the expansion of its automotive factories and the establishment of a new automotive…
Madinaty hosts second Asian Development Tour tournament
The second Asian Development Tour (ADT) tournament has teed off at Madinaty Golf Club, marking the 14th event in the Golf Egypt Series and bringing together professional golfers from around…
Dahab tops Middle East outdoor dining destinations in IQOS 2026 index
Egypt’s Dahab has ranked first among outdoor dining destinations in the Middle East in the 2026 IQOS Outdoor Dining Index, with five Egyptian destinations appearing among the region’s top 10.…
Arab African International Bank trains future CEOs with Harvard and MIT programmes
Arab African International Bank (AAIB) has expanded its employee training framework over the past three years to prepare more than 3,000 staff members for future leadership roles and develop the…
AngloGold Ashanti plans further investment in promising Egyptian mining sites
President Abdel Fattah Al-Sisi said Egypt is seeking to expand its partnership with AngloGold Ashanti, operator of the Sukari gold mine, to cover exploration, technology transfer, and local supply-chain development,…
Egypt’s Finance minister targets Qatari energy and tourism investments during Doha talks
The minister of finance stated he is seeking to increase Qatari investments in the energy and tourism sectors, while targeting more diverse financing tools to stimulate private investment in developmental…
Egypt targets 6% mining contribution to GDP as 119 companies submit 403 offers
Egypt is targeting an increase in the mining sector’s contribution to gross domestic product (GDP) to around 6% in the coming period as the government seeks to attract more investment,…
Health ministry accelerates New Heliopolis Hospital project, raises capacity to 495 beds
Health Minister Khaled Abdel Ghaffar has ordered an acceleration of work on the New Heliopolis Hospital project, which will increase the facility’s capacity from 424 to 495 beds, with a…