Day: October 12, 2025

Egypt aims to increase the share of renewable energy in its energy mix to over 42% by 2030, with a further goal of reaching 60% by 2040, according to recent updates to the country’s energy strategy, Electricity Minister Mahmoud Essmat said. This came during a Monday meeting with Egyptian Prime…

Egyptian President Abdel Fattah Al-Sisi held separate meetings on Sunday with senior executives from US energy giants ExxonMobil and Apache Corporation, as well as China’s state-owned chemical engineering firm CNCEC, to discuss boosting investment and exploration in the country’s energy and petrochemical sectors, the presidency said. The meetings, which were…

Domestic gold prices in Egypt extended their upward trajectory for the eighth consecutive week, buoyed by a historic surge in global gold prices, which surpassed the $4,000 per ounce mark for the first time, according to Ehab Wassef, Chairperson of the Gold and Precious Metals Division at the Federation of…

Mars Wrigley has officially inaugurated a major expansion of its manufacturing facility in 6th of October City, with new production lines representing an investment of over $280m between 2023 and 2025. The ceremony was attended by Hassan El-Khatib, Minister of Investment and Foreign Trade, and Kamel Al-Wazir, Deputy Prime Minister…

Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), emphasized that full compliance with the electronic invoicing (e-invoice) and electronic receipt (e-receipt) systems has become essential for businesses operating in Egypt—not only to align with tax legislation but also to ensure operational stability and foster trust between taxpayers and…

Digital Crafts Consulting (DC), a leading global consulting and outsourcing firm, is driving an ambitious international project to enhance power plant efficiency across Australia, Spain, and the United Kingdom. The initiative aims to increase operational efficiency by up to 40%, marking a significant advancement in sustainable energy transformation and global…

Egyptian Minister of Planning and International Cooperation Rania Al-Mashat has met with a senior executive from French multinational Alstom to discuss strengthening cooperation, increasing the company’s investments in Egypt, and advancing efforts to localise industry. The meeting with Philippe Delleur, Alstom’s Senior Vice President for International Affairs, took place during…

Sixth of October Development and Investment Company (SODIC) has announced a strategic partnership with MIDAR for Investment and Urban Development to develop a large-scale integrated urban project covering 500 feddans within MADA City in Mostakbal City. The total investment for the project is estimated at EGP 110bn. During a press conference…

Egypt has officially taken on the presidency of the International Organization for Standardization (ISO), marking a historic achievement with Khaled Hassan Sofi, Chairperson of the Egyptian Organization for Standardization and Quality, becoming the first Arab and second African to hold this prestigious position since ISO’s establishment in 1947. Egypt secured…