Egypt’s Bonyan for Development and Trade launches IPO for 21.9% stake
Egyptian developer Bonyan for Development and Trade on Sunday began an initial public offering (IPO) of a 21.94% stake on the Egyptian Exchange, with the subscription period running until July…
Egypt raises insurance payout for nationals abroad, expands eligibility
Egypt has increased the value of an optional insurance policy covering accidents for its nationals abroad to EGP 250,000, a 150% rise, and has expanded its eligibility to all expatriate…
BRICS summit in Brazil to champion multilateralism amid trade tensions
Leaders of the growing BRICS group of nations are gathering in Brazil for a summit overshadowed by United States President Donald Trump’s new tariff policies, with the bloc aiming to…
Egyptian, Saudi foreign ministers discuss Gaza, Iran in phone call
The foreign ministers of Egypt and Saudi Arabia discussed efforts to secure a ceasefire in Gaza and de-escalate tensions between Iran and Israel during a phone call on Saturday, Egypt's…
Venezuela vows to uphold sovereignty on 214th independence anniversary
Venezuela vowed to uphold its sovereignty on the 214th anniversary of its declaration of independence, with a top diplomat in Cairo reaffirming the country's commitment to peace and resistance against…
24,000 women-led projects financed since 2020 through MSMEDA–AFD partnership
Approximately 24,000 small and micro-enterprises led by women have been financed across Egypt since 2020 under the Women’s Enterprise Support Programme, according to Basel Rahmy, CEO of the Micro, Small…
Final marine loading arm for ‘Winter’ regasification unit arrives in Cairo
Minister of Petroleum and Mineral Resources Karim Badawi has announced the arrival of the final marine loading arm designated for Egypt’s fourth floating regasification unit, known as “Winter”, marking a…
10 Egyptian stocks outperform gold, real estate, and savings certificates in Q2 2025
Ten stocks listed on the Egyptian Exchange (EGX) posted exceptional gains during the second quarter of 2025, with share prices soaring by more than 70%—significantly outperforming traditional investment options such…
Industrial, hospitality expansions in Damietta aim to maximise value of state-owned assets: El-Shimy
Minister of Public Enterprises Sector Mohamed El-Shimy conducted an inspection visit to the Damietta Spinning and Weaving Company (Damiatex), a subsidiary of the Cotton, Spinning, Weaving and Garments Holding Company.…
Over 215,000 projects funded under Mashrouak, exceeding EGP 33bn in May: Minister
Minister of Local Development Manal Awad has reviewed a progress report on the National Project for Community, Human, and Local Development—known as Mashrouak—from its inception in 2015 through to the…