Day: November 12, 2025

The Central Bank of Egypt (CBE) received 28 bids totalling $1.677bn for its latest auction of US dollar-denominated treasury bills (T-bills). The CBE had offered $1.5bn in the 363-day bills, scheduled to mature on 10 November 2026. According to data published on the bank’s website, 21 bids were accepted, amounting…

Aydi has announced that it successfully raised $7.5m in a pre-seed funding round to launch ORTH, the world’s first AI-powered agricultural engineer — marking a groundbreaking step toward bringing agriculture into the era of artificial intelligence and advancing the future of smart farming. The funding round brought together several leading…

Minister of Investment and Foreign Trade Hassan El-Khatib inaugurated the ninth edition of the Destination Africa exhibition — the leading platform for the textile, ready-made garments, and home furnishings industries across the African continent. This year’s edition features the participation of around 90 Egyptian companies from various sectors, including apparel,…

Egypt’s Minister of Water Resources and Irrigation, Hani Sweilam, announced that preparations are underway to launch the second phase of the Water-JCAR applied research programme with the Netherlands at the beginning of 2026. The new phase aims to advance innovative water solutions and enhance irrigation system efficiency. According to a…

Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), met with Vijay Sersi, CEO of Singapore-based Destiny Energy, to discuss the company’s plans to establish a green ammonia production facility in Egypt. Sersi stated that Destiny Energy plans to invest $210m to build facilities capable of…

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir held an extensive meeting with South Africa’s Minister of Trade, Industry and Competition Parks Tau and his accompanying delegation to discuss ways to enhance cooperation in the fields of industry and transport. At the outset of…

Talaat Moustafa Group Holding (TMG), Egypt’s largest listed real estate developer, on Wednesday reported a 70% jump in its nine-month consolidated net profit after tax, driven by record real estate sales and strong growth in its hotel and recurring income activities. The company’s consolidated net profit after tax rose to…