Month: May 2026

Beltone Venture Capital and UAE-based Citadel International Holdings have announced the successful exit of their joint investment in logistics startup Bosta, achieving an internal rate of return (IRR) of 75%. The transaction represents the fifth successful exit for Beltone Venture Capital since its launch in 2023 and the second exit…

Damietta Port received the Panama-flagged bulk carrier YANG FAN carrying 144,780 tonnes of bulk slag from China, marking the largest bulk cargo load handled by the port since its establishment. Arriving from Singapore, the bulk carrier measures 289 metres in length and 45 metres in width, with a draught of…

The African Petroleum Producers’ Organisation (APPO) will launch a continent-wide training platform by the end of the year, its secretary-general announced during talks where Egypt proposed hosting an APPO ministerial session on the sidelines of the African Union’s mid-year coordination summit in New Alamein next June. The proposed June session…

Egypt is targeting an economic growth rate of between 5.2% and 5.4% and total investments of EGP 3.7trn for the fiscal year (FY) 2026/27, with private investments accounting for the majority of the planned expenditure, the Minister of Planning and Economic Development said. Presenting the FY 2026/27 economic and social…

Egypt’s Ministry of Supply and Internal Trade has signed an agreement with the Micro, Small and Medium Enterprises Development Agency (MSMEDA) to transform existing state-subsidised supply outlets into a unified commercial franchise chain operating under the new brand “CARRY ON”, whilst financing new branches managed by youth. The memorandum of…

Egypt and the United Kingdom discussed ways to strengthen cooperation in the healthcare sector, focusing on expanding training programmes for doctors and nurses, as well as enhancing partnerships in digital health and hospital management. In a statement, Egypt’s Health Ministry said Minister Khaled Abdel Ghaffar met British Ambassador to Cairo…

Egyptian President Abdel Fattah Al-Sisi arrived in Nairobi on Monday for the Africa-France Summit, an event aimed at reshaping international partnerships and reforming global financial systems, as the African Union used the gathering to demand permanent representation on the UN Security Council. The two-day summit, held on May 11 and…

Triumph Hotels Management, and MA Group for Real Estate Development, has officially announced the launch of Triumph Pyramids Hotel, marking a strategic milestone that reflects a fully integrated collaboration. This magnificent collaboration brings together MA Group’s expertise in real estate development with Triumph’s vision of delivering world-class luxury hospitality experiences.…