Egypt, Azerbaijan hold talks to deepen economic and digital cooperation

Egypt’s Planning and Economic Development Minister Rania Al-Mashat met Azerbaijan’s Digital Development and Transport Minister Rashad Nabiyev in Cairo on Monday as the two countries opened the sixth session of the Joint Egyptian–Azerbaijani Committee for Economic, Scientific and Technical Cooperation. Al-Mashat said Egypt is seeking to widen cooperation across a…

KarmSolar speeds up Egypt’s renewable energy drive

Egypt’s clean-energy transition is gaining fresh momentum as KarmSolar expands its footprint in the national solar market through a series of new, large-scale projects. The company, led by CEO Ahmed Zahran, plans to invest $110m over the next three years to develop solar infrastructure across key regions, while simultaneously rolling…

Banking consortium grants EGP 5bn syndicated loan to Drive Finance

A consortium of leading Egyptian banks – the National Bank of Egypt (NBE), Commercial International Bank (CIB), Arab African International Bank (AAIB), Banque du Caire, Housing and Development Bank (HDB) and Emirates NBD Egypt – has granted a long-term syndicated loan worth EGP 5bn to Drive Finance, the non-banking financial…

Egypt targets 20% industrial GDP share by 2030: Minister

Minister of Local Development and Acting Minister of Environment Manal Awad said Egypt aims to raise the industrial sector’s contribution to 20% of GDP by 2030, expand the share of green industries to 5%, and double industrial employment to seven million jobs. These targets align with the urgent industrial development…

FM: Egypt seeks to boost economic relations with Canada

Minister of Foreign Affairs, Emigration and Egyptian Expatriates Badr Abdelatty said on Sunday, November, 23, 2025, Cairo seeks to strengthen economic and trade ties with Canada and encourage Canadian companies to invest in Egypt, especially in the energy, agriculture and waters resources sectors. During a meeting with Canadian Foreign Minister…