DrasChem to establish Middle East’s first sodium cyanide plant in Alexandria
The Chief Executive Officer of the General Authority for Investment and Free Zones (GAFI), Mohamed El-Gawsaky, has received a delegation from DrasChem Specialty Chemicals, a Private Free Zone company, to…
MARAKEZ secures EGP 3bn credit facility from Banque Misr
Banque Misr has signed a medium-term loan agreement with MARAKEZ, one of Egypt’s leading mixed-use real estate developers, providing a credit facility of up to EGP 3bn to support the…
CIB backs Elsewedy Electric’s first European expansion with €58m financing for Hungary power project
The Commercial International Bank Egypt (CIB) has signed a financing and partnership agreement to support Elsewedy Electric Power Systems Projects (PSP) in the execution of a combined-cycle power plant in…
Banks inject EGP 99.5bn into low, middle-income mortgage initiatives by January 2026
Banks and mortgage finance companies participating in Egypt’s low- and middle-income mortgage initiatives have injected total financing of EGP 99.547bn, benefiting around 683,296 people as of January 2026, according to…
Trump’s Peace Council summons global leaders to fund $1bn Gaza reconstruction pacts
On the banks of the Potomac, within the freshly rebranded Institute of Peace, the traditional language of diplomacy is being replaced by the lexicon of the boardroom. "The Council will…
Iran navigates economic ruin as Trump tests diplomacy with naval might
On the plush, cabin-lit interior of Air Force One on Friday night, President Donald Trump struck a rare chord of cautious optimism. Addressing reporters as the aircraft cut through the…
Egypt launches startup charter targeting $1bn in investment over five years
Egypt launched its first national "Startup Charter" on Saturday, seeking to mobilise $1bn in financing over five years and create approximately 500,000 direct and indirect job opportunities. The charter, unveiled…
Egypt recovers King Thutmose III era artefact from Netherlands after international investigation
Egypt has recovered a rare stone head from the era of King Thutmose III from the Netherlands, following the signing of an official handover protocol in The Hague. The Egyptian…
Egypt Foreign Minister discusses Iran nuclear file with IAEA and Omani counterpart
Egyptian Foreign Minister Badr Abdelatty held high-level discussions with his Omani counterpart and the Director General of the International Atomic Energy Agency (IAEA) on the Iranian nuclear file, following a…
GAFI participates in Egypt-Türkiye Business Forum to boost economic partnership
Mohamed El-Gawsaky, CEO of the General Authority for Investment and Free Zones (GAFI), said Egypt offers a strong and stable investment environment, supported by comprehensive economic reforms and clear policies…