Tharwa Petroleum 2024 results approved; Minister calls for new investment arm
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, on Monday approved the 2024 operational results of Tharwa Petroleum Company during its General Assembly meeting. During the assembly, Badawi emphasised…
We support Egyptian Drilling Company’s international expansion, with focus on Saudi Arabia, Kuwait: Petroleum Minister
Kareem Badawi, Minister of Petroleum and Mineral Resources, has reiterated the Ministry’s support for the Egyptian Drilling Company’s (EDC) strategic expansion into international markets, particularly strengthening its footprint in Saudi…
Aman Holding reports EGP 6.4bn in 2024 revenues, raises capital to EGP 2.065bn
Aman Holding, a Raya Holding portfolio company and Egypt’s most integrated fintech group, has announced its financial results for 2024 and Q1 2025, showcasing robust performance and accelerated growth across…
Al-Sisi, Aoun call for Gaza ceasefire, regional stability, and Arab unity in Cairo talks
Egyptian President Abdel Fattah Al-Sisi and his Lebanese counterpart Joseph Aoun met in Cairo on Monday, where they jointly called for an immediate ceasefire in Gaza, greater regional cooperation, and…
Huhtamaki Egypt to invest EGP 1.47bn in sustainable packaging plant in Sadat City
Huhtamaki Egypt has secured the prestigious Golden License from the Egyptian Cabinet to establish a state-of-the-art molded fiber packaging facility in Sadat City, located within the CPC Industrial Zone of…
Egypt’s balanced monetary policy, flexible exchange rate boost resilience: IMF’s Clarke
Nigel Clarke, Deputy Managing Director of the International Monetary Fund (IMF), stated that the Central Bank of Egypt's (CBE) balanced monetary policy and adoption of a flexible exchange rate have…
Sudan’s Al-Burhan appoints Kamil Idris as new Prime Minister
The Chairperson of Sudan's Sovereignty Council, Abdel Fattah Al-Burhan, on Monday issued a decree appointing Kamil Tayyib Idris as Prime Minister. In a related development, Burhan issued another decree appointing…
Egypt made “tangible and clear progress: IMF Deputy Managing Director
Nigel Clarke, Deputy Managing Director of the International Monetary Fund (IMF), on Sunday evening expressed optimism regarding the future performance of the Egyptian economy, citing tangible progress in its macroeconomic…
Egyptian PM orders action plan for Abu Qir’s submerged antiquities to boost tourism
Egyptian Prime Minister Mostafa Madbouly has instructed officials to develop a comprehensive plan to capitalize on Alexandria’s submerged antiquities in Abu Qir Bay, aiming to turn them into a major…
Talaat Moustafa Group, Oman sign OMR 1.5bn real estate and tourism deal
Talaat Moustafa Group (TMG) and the Omani Ministry of Housing and Urban Planning signed an agreement on Monday for real estate and tourism projects valued at OMR 1.5bn west of…