Day: June 18, 2025

Waleid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), signed an agreement on Wednesday with Turkish company Ulusoy Tekstil San. Tic. A.Ş to establish a yarn and textile production factory in the West Qantara Industrial Zone. Spanning 35,000 square metres, the project will see total investments of $18m…

CI Capital Asset Management (CIAM), Egypt’s leading asset manager and a Forbes Top 40 firm in the Middle East and North Africa (MENA) region, has launched Egypt’s first open-ended sustainable equity fund — the Misr Green – Sustainability (ESG) Fund. This pioneering fund marks a new milestone in Egypt’s investment…

In a significant step toward upgrading Egypt’s railway infrastructure, trial operations have officially begun at the Cheng He – Egypt Institute for Smart Railway Signal Control. This milestone aligns with the directives of Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, who has tasked…

A state-sponsored hacking group conducted a nearly two-year cyber-espionage campaign targeting critical national infrastructure (CNI) in the Middle East, using novel malware to breach and maintain access across both IT and operational technology (OT) networks, according to a new report. The investigation by Fortinet’s FortiGuard Labs Incident Response (FGIR) team…

Egypt’s Financial Regulatory Authority (FRA) has issued new regulations establishing licensing, technical, and cybersecurity standards for the websites of all companies and individuals operating in the country’s insurance sector. The new rules, outlined in Resolution No. (62) of 2025, mandate that private insurance funds with assets of EGP 10 million…

Alaa Farouk, Minister of Agriculture and Land Reclamation, held high-level discussions with Mafa Chipeta, former international expert in agricultural strategy and policy formulation at the UN Food and Agriculture Organization (FAO), and Baboucarr Manneh, Director General of the Africa Rice Center (AfricaRice). The talks centred on advancing Egypt’s agricultural development…

American outsourcing firm VXI plans to create 4,000 new jobs in Egypt as part of a $135m expansion that aims to increase its local workforce to 5,000 specialists by the end of 2028, the company has announced. The expansion plans were detailed during a visit by Egypt’s Minister of Communications…

Egypt’s Prime Minister Mostafa Madbouly on Wednesday warned that a continuation of the current regional conflict could lead to higher petroleum prices and potential shortages, after chairing the first meeting of a newly formed “Crisis Committee” to manage the fallout. The committee was established to monitor the repercussions of the…