African investment entity planned by Egypt as it seeks expanded BADEA funding
Egypt plans to establish a new investment entity to coordinate its investments in Africa and is urging the Arab Bank for Economic Development in Africa (BADEA) to expand its backing…
Egypt lays foundation stone for first energy storage systems plant in Middle East, Africa
Egyptian Minister of Industry Khaled Hashem participated in laying the foundation stone for the Sungrow Power Suez plant, which will specialize in advanced battery energy storage systems (BESS) and is…
Egypt, UAE discuss strengthening cooperation in electricity, renewable energy
Egypt's Electricity and Renewable Energy Minister Mahmoud Esmat has received UAE Ambassador to Cairo Hamad Al Zaabi to discuss ways to strengthen bilateral cooperation and support investment in the electricity…
FRA approves two companies to conduct non-banking activities using fintech
The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has approved two companies to conduct various non-banking financial activities using fintech, following reviews by the committee responsible for examining applications…
Dalia Mostafa appointed vice-chairperson, managing director of National Investment Bank
The board of directors of the National Investment Bank (NIB), chaired by Ahmed Rostom, has appointed Dalia Mostafa as vice-chairperson and managing director of the bank, as part of efforts…
National Investment Bank returns to profit with EGP 6bn in FY2024/25
The National Investment Bank (NIB) announced a significant financial turnaround, recording a net profit of EGP 6bn in the 2024/25 financial year, compared with losses of EGP 31.7bn in the…
Egypt aims to restore global cotton standing, eyes private sector role in state textile firm revamp
Egypt is advancing plans to modernise the state-owned Holding Company for Cotton, Spinning, Weaving, and Clothing, seeking to boost private sector involvement in its operations and management to restore the…
Egypt expands digital system to detect encroachments on waterways, infrastructure
Egypt’s Ministry of Water Resources and Irrigation is expanding a digital spatial monitoring system designed to detect encroachments and violations affecting waterways, water infrastructure and ministry-administered land at an early…
Egypt’s Port Said welcomes cruise ship Astoria Grande on maiden visit with 414 passengers
The West Port Said port received the Palau-flagged cruise ship Astoria Grande on its maiden visit on Monday, carrying 414 passengers and 409 crew members on a voyage from Turkey,…
Foreign ministry, Journalists Syndicate agree on regular policy briefings for Egyptian media
The Egyptian foreign ministry and the Journalists Syndicate agreed on Monday to organise regular educational events and joint training programmes to brief the press on the country's foreign policy and…