Day: November 3, 2025

Iraqi Prime Minister Mohammed Shia Al-Sudani has met with Hisham Talaat Moustafa, the head of Egyptian property developer Talaat Moustafa Group Holding (TMG), to discuss the Al-Rafal economic city project. The meeting, which was also attended by the head of Iraq’s National Investment Commission and the Saudi ambassador to Iraq,…

NVL Egypt, a subsidiary of German shipbuilding group NVL, has begun the production phase for a programme to build ten PV43-M naval vessels in cooperation with Alexandria Shipyard, the company has announced. Production began on schedule in September. The new vessels are designed for surveillance, reconnaissance, and the protection of…

Pend announced the launch of Pend.Finance, the Middle East’s first integrated smart infrastructure platform powered by artificial intelligence (AI) and blockchain, marking a major step in its mission to create a transparent and trusted digital financial ecosystem. Designed to address real-world needs, Pend.Finance enables digital certification, mobile contract signing, asset…

Egypt will begin solar panel production in early 2026 with a local component rate of up to 90%, according to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI). Heiba said the move marks a significant step in Egypt’s transition toward renewable energy, supported by recent…

Egypt’s Chemicals and Fertilizers Export Council (CEC) has reported a 10% increase in the country’s chemical sector exports for the first nine months of 2025, totaling $6.849bn, up from $6.208bn in the same period of 2024. The figures, released by the General Organization for Export and Import Control (GOEIC), highlight…

EFG Holding announced on Monday the completion of a capital increase at Bank NXT, totalling EGP 4.2bn, with full participation from all shareholders. EFG Holding contributed EGP 2.143bn to the increase, maintaining its majority ownership with a 51% stake in the bank. This strategic capital injection underscores EFG Holding’s continued…

Manal Awad, Egypt’s Minister of Local Development, announced that the National Project for Community, Human, and Local Development, known as “Mashroak,” has successfully financed approximately 228,000 small and medium-sized enterprises (SMEs) across Egypt’s governorates. Since its inception in 2015, the programme has injected a total of EGP 36bn in financing,…