Startup Sync facilitates Edafa Venture’s six-figure acquisition of Cyclex to boost Egypt’s circular economy
Startup Sync, the entrepreneurship platform active in Egypt and Saudi Arabia, has successfully facilitated the acquisition of Egyptian recycling startup Cyclex by Edafa Venture, a leading venture capital firm in…
IBF & COMPANY invests in Techno Metal to strengthen industrial portfolio
IBF & COMPANY, an investment and strategic advisory firm focused on growth-stage companies, has completed a strategic equity investment in Techno Metal, an Egyptian provider of industrial storage solutions and…
FRA chief pushes responsible pricing to boost SME financing confidence
Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), convened an expanded meeting with representatives of companies financing micro, small, and medium enterprises (MSMEs), reinforcing the authority’s commitment to open…
Hend Sabry: ‘Manna’a’ marks my first venture into popular drama; and my boldest role yet
Following the standout success of “Manna’a” during Ramadan 2026–where it topped viewership charts and ignited wide critical and social debate–Tunisian actress Hend Sabry returns to the spotlight in a candid…
Egypt signs deal to deploy AI-powered drones for environmental monitoring
Egypt’s Ministry of Local Development and Environment has signed a cooperation agreement with Drone Tech to deploy a smart aerial monitoring system using drones powered by artificial intelligence and geospatial…
Egypt explores expanding climate finance in partnership with banking sector
Egypt’s Ministry of Local Development and Environment is stepping up efforts to expand climate finance and support sustainability-focused projects in cooperation with the banking sector, as part of advancing the…
Sakr to invest EGP 940m in three projects at Sokhna Industrial Zone
Waleid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), witnessed the signing of contracts for three new projects by Sakr for Electronics and Energy (SDC Investment Fund) within…
Egypt, Eritrea move to deepen industrial, investment cooperation
Egypt’s Minister of Industry, Khaled Hashem, held talks with Hagos Gebrehiwet, Economic Adviser to the Eritrean President, and Nasr El-Din Saleh, Eritrea’s Minister of Trade and Industry, to explore avenues…
Egypt’s EPROM reports record EGP 1.586bn profit in 2025 amid international expansion
The Egyptian Projects Operation and Maintenance (EPROM) recorded the highest net profit in its history at EGP 1.586bn for 2025, marking a 44% increase from EGP 1.096bn the previous year,…
Al-Sisi orders acceleration of defence industry localisation, expansion of domestic manufacturing
Egypt’s President Abdel Fattah Al-Sisi has called for accelerating the localisation of defence industries and expanding domestic manufacturing, while strengthening partnerships with global firms to facilitate the transfer of advanced…