Day: November 5, 2025

Arcius has signed a binding agreement to acquire the Harmattan gas and condensate field in Egypt’s Eastern Mediterranean waters, pending final regulatory approvals. The offshore field lies approximately 2.5 kilometres north of Ras El-Barr in Damietta and will be developed through the drilling of up to three production wells and…

Egypt has emerged as a global leader in project management, ranking 7th worldwide in the number of certified project management professionals, according to the Project Management Institute (PMI). With nearly 30,000 PMI-certified practitioners across industries, Egypt now represents one of the largest national contingents within the global PMI community —…

For the third consecutive year, HSBC Egypt has hosted its China Corridor Forum at the bank’s Head Office in Cairo, welcoming more than 100 Chinese corporates, policymakers, and financial experts to discuss the evolving China–Egypt economic relationship and prospects for expanding trade and investment flows. The Forum highlighted Egypt’s strategic…

Standard Bank Group, Africa’s largest financial institution by assets, announced that it will officially launch its Representative Office in Egypt on 12 November 2025, marking a significant milestone in the Group’s strategy to deepen its engagement across North Africa and enhance Africa’s economic integration. The launch of the Cairo office…

The Islamic Chamber of Commerce and Development (ICCD) has announced the launch of the B57+ Initiative during the 2025 Business Leaders Summit in Istanbul, marking a significant step forward in economic cooperation and private-sector integration among member states of the Islamic world. The initiative, launched in partnership with the Standing…

Egypt will adopt the World Bank’s Human Capital Report on Egypt as a roadmap for government policy, aligning national development strategies with global human capital indicators and the country’s long-term sustainability goals, Minister of Health and Population Khaled Abdel Ghaffar announced on Wednesday. Chairing the Human Development Ministerial Committee’s regular…

The National Bank of Egypt (NBE) has led a consortium of banks to arrange a long-term syndicated loan worth approximately EGP 1bn for Mashareq Real Estate Investment, a subsidiary of Pioneers Properties for Urban Development (PRE Group). The financing will be used to develop the first phase of the ZAG…

Egypt’s cabinet on Wednesday approved a decision to automatically register vulnerable citizens in the country’s universal health insurance system, removing the need for them to take any action to benefit from the services. The automatic registration mechanism will apply to groups defined as “unable to pay” in a 2023 prime…