The Egyptian government has successfully issued its second sovereign sukuk, compliant with Islamic Sharia principles, with a total value of $1 billion. The sukuk was offered as a private placement ...

Agiba Petroleum Company, the joint venture between the Egyptian General Petroleum Corporation (EGPC) and Italy’s Eni, has commenced production from the newly discovered Arcadia West field in Egypt’s ...

Maritime traffic through the Red Sea has seen a rebound, climbing approximately 60% since August 2024 to an average of 36 to 37 ships per day, according to Rear Admiral Vasileios Gryparis, commander ...

U Consumer Finance S.A.E., known under the trademark Valu, a subsidiary of EFG Holding, and EFG Holding are pleased to announce that Amazon has agreed to exercise its ...

According to the ministry, concessional finance extended to private companies—both domestic and foreign—has grown steadily, reaching $1.14 billion in the first five months of 2025 alone. The European ...

Still, she pointed to areas of optimism, especially regarding Africa’s investment outlook. Highlighting Egypt’s recent activity, she cited the Ras El-Hekma megaproject, which includes both foreign ...

In a move to strengthen the digital payments landscape and enhance financial service security and efficiency, the Central Bank of Egypt (CBE) has announced the issuance of new regulations governing ...

Egypt has been selected as one of only seven countries worldwide to benefit from the Climate Investment Funds’ (CIF) $1 billion Industrial Decarbonization Program, aimed at reducing emissions in ...

Prime Minister, Mostafa Madbouly, said that the government plans to operate three regasification vessels starting from early July, with a total capacity of 2.25 billion cubic feet per day, during his ...

Egypt has ranked seventh globally in remittance inflows, receiving a total of $22.7 billion in 2024, according to the World Bank, as announced by Egypt’s Central Agency for Public Mobilization and ...

The Egyptian government signed a series of major agreements with development partners and private sector entities during the Development Finance to Foster Private Sector-Led Growth & Jobs conference.

In celebration of five decades of successful operations in Egypt, SKF, the global leader in bearing technologies and industrial solutions, hosted an exclusive event under the title “Heavy Industries ...