Egypt prioritises summer energy needs, efficiency improvements
Egyptian Prime Minister Mostafa Madbouly is overseeing efforts to secure the country's energy needs for the upcoming summer and improve the efficiency of electricity consumption. During a meeting held Monday,…
Amre Moussa calls for unified Arab voice amidst Gaza crisis
Amre Moussa, a venerable statesman in both Egyptian and Arab diplomacy, the Chair of the Constituent Assembly which drafted the Egyptian Constitution, Egypt's former Minister of Foreign Affairs and former…
Morshedy Group acquires iconic Zamalek Tower in EGP 2.5bn deal
Morshedy Group, led by businessman Mohamed Morshedy, has acquired the landmark Fouda Tower in Zamalek from a major state-owned bank in a deal worth EGP 2.5bn ($50m). This strategic acquisition…
Miguel Angel Jiménez and Cara Gainer Triumph in Historic Week for Moroccan Golf
Spanish golf veteran Miguel AngelJiménez and England’s Cara Gainer claimed major victories at the Hassan II Trophy and Lalla Meryem Cup, respectively, during a historic week at Royal Golf Dar…
Egypt denounces Netanyahu’s remarks, cites humanitarian efforts in Gaza
Egypt condemned remarks made by Israeli Prime Minister Benjamin Netanyahu to an American media outlet, characterising them as containing "false claims, deliberate misinformation, and unacceptable distortions". The Egyptian Ministry of…
SCZONE signs contracts for smart truck yard at West Port Said with EGP 250m investment
The Suez Canal Economic Zone (SCZONE) has signed contracts to establish a new smart truck yard at West Port Said, aiming to ease congestion and boost operational efficiency. The project…
Servier Egypt celebrates jubilee with new production line, cancer programme
Servier Egypt, part of the global Servier Group, has commemorated its 70th anniversary with the opening of a new production line and the launch of the "Access Cancer Treatment (ACT)…
Hassan Allam launches Jinet Agriculture, expands agricultural portfolio
Hassan Allam Holding has announced the launch of Jinet Agriculture Corporation, a new subsidiary dedicated to enhancing agricultural productivity and sustainability. As part of this initiative, Jinet Agriculture has acquired…
Foreign asset surplus in Egypt’s banking sector reaches $5.2bn in 2024
The Central Bank of Egypt (CBE) reported that the net foreign assets of the Egyptian banking sector recorded a surplus of $5.224bn (EGP 265.898bn) in December 2024, down from $5.95bn…
Investment Minister visits Spain to strengthen economic ties
Minister of Investment and Foreign Trade Hassan El-Khatib arrived in Madrid on Sunday for a high-level visit aimed at deepening economic relations between Egypt and Spain. During his trip, he…
