GCC IPO activity dips to $3.6bn in H1 2024 despite rise in Saudi Arabia
Kuwait Financial Centre (Markaz) released a report on initial public offerings (IPOs) in the Gulf Cooperation Council (GCC) markets, revealing a 32% year-on-year decline in total proceeds for the first…
Irrigation Minister reviews progress in water productivity, modern irrigation projects
Egypt’s Minister of Water Resources and Irrigation, Hani Sweilem, recently assessed the status of two projects implemented in collaboration with the Food and Agriculture Organization (FAO). During the meeting on…
Egypt’s Finance Minister vows tax stability, unveils tax Reform strategy
Egypt's Finance Minister, Ahmed Kouchouk, reaffirmed the government's dedication to tax stability and unveiled plans for a comprehensive tax reform strategy during the annual tax conference of the Egyptian Society…
Hamas denies reports of halting truce talks after Al-Mawasi massacre
Israel bombs UNRWA-affiliated school in Gaza, killing 13 people
Egypt, UAE target 4 GW of renewable energy on Egyptian grid by next summer
Egypt and the United Arab Emirates (UAE) pledged to deepen their cooperation in renewable energy, aiming to bring 4 gigawatts (GW) of clean power onto the grid by next summer.…
Madbouly, Vučić inaugurate Serbia-Egypt Business Forum
Egyptian Prime Minister Mostafa Madbouly and Serbian President Aleksandar Vučić jointly inaugurated the Serbia-Egypt Business Forum at the government’s headquarters in the New Administrative Capital. The forum brought together officials…
Iraqi Prime Minister urges Egyptian, Saudi businessmen to invest in tourism, hospitality
Iraqi Prime Minister Mohammed S. Al-Sudani recently met with a delegation of Egyptian and Saudi businessmen. During the meeting, he encouraged them to invest in tourist resorts, hotels, and recreational…
Egypt’s Electricity Minister unveils action plan to boost renewables, efficiency, grid modernisation
Mahmoud Essmat, Egypt's Minister of Electricity and Renewable Energy, presented the Ministry's action plan to a parliamentary committee overseeing the government's program. The plan prioritises improving service quality, ensuring a…
Egypt targets 170% petrochemical output increase, $2.1bn in exploration investments
Egypt's Ministry of Petroleum and Mineral Resources outlined plans to significantly boost petrochemical production capacity and attract $2.1bn in exploration investments during the fiscal year 2024/25. The Ministry aims to…
Serbian President vows to strengthen ties with Egypt, announces direct flights at Business Forum
Vucic invites Egyptian companies to participate in Expo 2027 in Belgrade