Egypt advances green economy with clear legislation, incentives, and private sector engagement: Environment Minister
Yasmine Fouad, Egypt’s Minister of Environment, recently highlighted the country’s commitment to the green economy. Through well-defined legislation and incentives, Egypt aims to promote sustainable practices and engage the private…
BP joins consortium for green hydrogen development in Egypt
BP has signed a Joint Development Agreement (JDA) to join an existing consortium comprising Masdar, Hassan Allam Utilities, and Infinity Power. The goal is to explore the potential development of…
Al Baraka Bank grants Raya credit line of up to EGP 550m or equivalent in foreign currencies
Hegazy affirms Al Baraka Bank's commitment to supporting development of technology sector in Egypt
MSMEDA launches new product to support innovative, technological entrepreneurship projects
The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has introduced a groundbreaking product to empower young entrepreneurs. This initiative provides financial and non-financial services to facilitate the establishment and…
Israeli prisons receive over 5k Palestinians arrested in Gaza, West Bank since Oct. 7
The Israeli Prison Service reported on Monday that it has received over 5,000 Palestinians who were arrested in Gaza and the West Bank since 7 October 2023. The Israeli agency…
Valu closes its 10th securitized bond issuance worth EGP 1.2bn
Issuance brings Valu’s total securitizations within its EGP 9bn securitization programme to 10, following latest EGP 616.8m securitization in May
Schindler, AOI, TMG partner to localise elevator production in Egypt
The Arab Organization for Industrialization (AOI), Talaat Moustafa Group (TMG), and Schindler Group have formed a partnership on Monday to localise the supply, assembly, and testing of certain elevator components…
Apex reaches 12,000 boepd production in Egypt, reserves Increase 14%
Apex International Energy announced Monday a positive update on its operations and commercial developments in Egypt's Western Desert for the first half of 2024. The company reported reaching a production…
Schneider Electric, Al Ahly Sabbour partner for sustainable community development in Matrouh
Schneider Electric, Al Ahly Sabbour, and Gebal for Sustainability Solutions have signed a Memorandum of Understanding (MoU) to launch sustainable community development projects in Sidi Heneish village, located in Marsa…
Egyptian Emirates launches EGP 27bn Markabat project for automotive industries
Project’s total investments reach EGP 27bn over 3 years