Month: May 2026

Korra Energi adopted an accelerated timetable for its debut on the Egyptian Exchange (EGX), moving quickly between regulatory approval of its prospectus and a mid-week investor roadshow as part of a strategy to complete both the private placement and public offering before the Eid holiday. The company, led by CEO…

Ahmed Rostom, Minister of Planning and Economic Development, convened a high-level meeting with Ashraf Negm, Vice Chairperson and Managing Director of the National Investment Bank (NIB); Osama Saleh, Chairperson of Ayady for Investment and Development and former Minister of Investment; Rafeh Saleh, CEO of the Entrepreneurship Sector at NI Capital;…

Banque Misr has announced the launch of a dedicated financing programme for residential solar panel systems, offering flexible repayment terms and competitive benefits tailored to different customer segments, as part of its commitment to supporting Egypt’s transition towards greater use of renewable energy sources. Under the programme, the bank will…

Mastercard has announced a new partnership with Commercial International Bank (CIB) to strengthen digital payments innovation and broaden access to financial solutions in the Egyptian market. Under the collaboration, Mastercard will support CIB across a range of core digital payments and card issuance functions, enabling the bank to provide more…

CAIRO, May 21 (MENA) – Prime Minister Mostafa Madbouly directed the preparation of a precise executive plan for the State Ownership Policy Document, identifying the targeted sectors over the coming three years, noting that the plan is clearly linked to the State-Owned Companies Unit. Madbouly also instructed that companies already…

Cairo, Egypt, May 20, 2026 – Hayat Egypt, the local subsidiary of Hayat, the leading global FMCG company headquartered in Türkiye and world’s 4th diaper manufacturer has officially launched Molfix’s “Bond with Love” initiative in Egypt in collaboration with the Egyptian Pediatric Association. The initiative reflects Hayat Egypt’s broader vision…

Saudi Arabia’s Sela, a Public Investment Fund company, and Egypt’s Talaat Moustafa Group (TMG) have launched a strategic consortium to create and manage an integrated entertainment ecosystem and live events in Egypt. The agreement was launched in the presence of Turki bin Abdulmohsen Alalshikh, Chairman of the Board of Directors…

In the presence of His Excellency Turki Alalshikh, Chairman of the General Entertainment Authority (GEA), Sela, a Public Investment Fund company and one of Saudi Arabia’s leading entertainment and destination developers, announced the launch of a strategic consortium with Talaat Moustafa Group (TMG), one of Egypt’s largest real estate and…