Khalda Petroleum announces new gas discovery in Western Desert

The Ministry of Petroleum and Mineral Resources announced on Monday that Khalda Petroleum Company has made a new gas discovery in the Western Desert. In a statement issued on Monday, the ministry said the company successfully drilled the exploratory well “Gomana-1”, where electrical logs confirmed the presence of gas-bearing zones.…

Panasonic partners with NexGen to expand smart home solutions in Egypt

NexGen, a leading provider of smart home technology solutions in Egypt, has signed a strategic partnership agreement with Panasonic, becoming the official distributor of the Japanese company’s smart home systems in the Egyptian market. The alliance supports both companies’ plans to accelerate the adoption of intelligent home technologies and promote…

CBE’s digital transformation push lifts financial inclusion to 76.3% in June 2025: Assistant Governor

Mohamed Amer, Acting Assistant Governor of the Central Bank of Egypt (CBE) for Banking Operations and Payment Systems, announced that the Bank’s digital transformation efforts—driven by advanced technological solutions and artificial intelligence—have raised individual financial inclusion rates to 76.3% in June 2025, up from 27.4% in 2016, reflecting growth exceeding…