Day: November 2, 2025

Egypt and Switzerland have launched a new joint cooperation programme for the period 2025-2028, valued at CHF 60m ($67m), which will focus on migration, green economic development, and improved governance. The programme was launched at an event at the Ministry of Planning’s headquarters in the New Administrative Capital, witnessed by…

Minister of Electricity and Renewable Energy Mahmoud Esmat held a meeting with Minister of Water Resources and Irrigation Hani Sewilam at the ministry’s headquarters in the New Administrative Capital to review joint cooperation and strategies to enhance the performance of Egypt’s hydropower stations. The two ministers affirmed their commitment to…

CI Capital Asset Management (CIAM) — Egypt’s largest asset manager and one of Forbes’ Top 40 asset managers in the Middle East and North Africa (MENA) — has announced the launch of the “Gold Misr” Fund, a Sharia-compliant gold investment fund that introduces a unique prize draw feature for investors.…

Gold prices in Egypt fell by 3.6% over the past week, marking a decline of EGP 200 per gram, as the market undergoes what experts describe as a “natural correction” following record highs in October. Ehab Wassef, Chairperson of the Gold and Precious Metals Division at the Federation of Egyptian…

BP has announced the successful start-up of the RW5 well, adding 80 million cubic feet per day (mcf/d) of new gas production within the West Nile Delta (WND) project. The new output complements increased production from the RW4 well, bringing total combined production from both new wells to around 140…

Egypt Kuwait Holding (EKH) announced the completion of the sale of its entire 63.39% stake in Delta Insurance to Morocco’s Wafa Assurance, under the latter’s mandatory tender offer. In a statement to the Egyptian Exchange (EGX) on Sunday, EKH said the transaction was executed at EGP 40 per share, bringing…

Magna AI and TechnoVal have announced a strategic alliance worth $300m aimed at accelerating AI-driven industrial and digital transformation across the Middle East and Africa. The announcement was made during GITEX Global 2025, one of the world’s largest technology exhibitions. Under a newly signed memorandum of understanding (MoU), the partnership…

Easy H Trade has launched Egypt’s first outsourced export management service, introducing a new model that enables companies to manage their export operations externally without the need for in-house export departments. The service is designed to help businesses – particularly small and medium-sized enterprises (SMEs) – access international markets by…

Beltone Venture Capital (BVC) – a wholly owned subsidiary of Beltone Holding – announced its successful exit from Cathedis, Morocco’s leading last-mile delivery and logistics platform, achieving an exceptional 100% Internal Rate of Return (IRR). The transaction marks Beltone Venture Capital’s first regional exit and third overall since inception, reinforcing…

As part of the official visit of German President Frank-Walter Steinmeier to Egypt for the inauguration of the Grand Egyptian Museum (GEM), a high-level delegation of leading German business representatives visited Cairo to explore new avenues of cooperation and investment. Abdelaziz El-Sherif, First Undersecretary and Head of the Egyptian Commercial…