Beltone Holding completes EGP 10.5bn capital increase to power strategic expansion
Beltone Holding has completed its second capital increase, raising EGP 10.5bn with an impressive 98% subscription rate. The majority of this funding was secured through foreign investments, underscoring the strong…
Dr. Greiche Group invests EGP 500m in new glass manufacturing complex
In line with the Egyptian government’s push to localize advanced industries and close gaps in domestic manufacturing, Dr. Greiche Group has announced a new EGP 500m (approximately USD 10m) investment…
Egypt explores ICT investment opportunities with Vodacom, Vodafone Egypt, and South African delegation
Amr Talaat, Egypt’s Minister of Communications and Information Technology, held a high-level meeting with Shameel Joosub, CEO of Vodacom Group, Mohamed Kamal Abdallah, CEO and Managing Director of Vodafone Egypt,…
Industry Ministry launches EGP 30bn, 5-year loan initiative for priority sectors at 15% interest
The Ministry of Industry has launched the first phase of a new EGP 30bn financing initiative targeting priority industrial sectors, with the aim of supporting the purchase of machinery, equipment,…
PM Madbouly, Al-Mansour Group discuss launching $150m automotive factories in Egypt
Egyptian Prime Minister Mostafa Madbouly met on Sunday with senior officials from Al-Mansour Automotive Group to discuss the company's plans to establish two new factories—one for vehicles and another for…
Over 800 Saudi companies invest $34bn in Egypt: Agriculture Minister
Saudi investments in Egypt have reached approximately $34bn, with over 800 Saudi companies active in the country, Minister of Agriculture and Land Reclamation Alaa Farouk announced during the Egyptian-Saudi Business…
Egypt to launch nationwide lease of serviced industrial units in May: Al-Wazir
Egypt will begin offering a series of vacant, fully serviced industrial units for lease across various governorates starting May 1, Deputy Prime Minister for Industrial Development and Minister of Industry…
Egyptian Drug Authority, Abbott discuss localizing pharmaceutical production
Chairperson of the Egyptian Drug Authority (EDA), Ali Ghamrawy, held an extensive meeting with representatives from global healthcare company Abbott to review the latest developments in localizing the production of…
Egypt’s FM discusses US-Iran talks, Gaza ceasefire with regional counterparts, US Envoy
Egyptian Foreign Minister Badr Abdelatty, held a series of phone conversations on Sunday, with his counterparts in Oman and Iran, as well as the US Special Envoy to the Middle…
Giza Pyramids attract 15,000 visitors in single day amid development drive
The Giza Pyramids archaeological area welcomed approximately 15,000 visitors on Saturday—both Egyptians and international tourists—marking a 25% increase compared to the first day of the trial run and the highest…