Month: September 2026

DALTEX Corporation, a leading Egyptian agribusiness with an integrated portfolio spanning agricultural production, fresh produce and irrigation solutions, has entered into a strategic partnership with China-based Irritech, a specialist in large-scale irrigation systems. Under the agreement, DALTEX will serve as the exclusive seller of Irritech’s irrigation solutions in Egypt, Algeria…

Egypt is targeting around $3bn in new investments in the fertilizer industry, with five major projects expected to increase domestic production by between 2 million and 3 million tonnes annually over the next three years, according to Mostafa Sherif El-Gabaly, Deputy Chairperson of the Chemical and Fertilizers Export Council. El-Gabaly…

EFG Holding said on Tuesday it had secured a $40m four-year term loan from the European Bank for Reconstruction and Development to support the expansion of financing for micro, small and medium-sized enterprises in Egypt. EFG Holding, a financial institution with a universal bank in Egypt and the leading investment…

The Central Bank announced on Monday that remittances from Egyptians working abroad increased by 28.1 percent during the first seven months of 2026, recording approximately $29.7 billion, compared to around 23.2 billion dollars during the same period last year. The bank explained that remittances from Egyptians working abroad continued their…

• Announcement made during high-level government delegation visit to the facility.• New investment expands L’Oréal’s production capacity in Egypt, reinforcing the country’s role as a strategic manufacturing and export hub.• The LEED-certified plant in Cairo has reached 100% renewable energy and covers 100% of its industrial purposes with recycled or…

Minister of Investment and Foreign Trade Mohamed Farid stressed the importance of supporting existing investments and maximizing the use of available production capacities to increase output, expand local manufacturing and create jobs. He also underscored the importance of boosting exports by existing companies and opening new markets for Egyptian products,…

Egypt’s private sector accounted for 63% of the country’s total investments over the past year, becoming the largest contributor to economic growth following a 32% increase in private investments, Minister of Finance Ahmed Kouchouk said. Speaking during an open dialogue with the business community at the American Chamber of Commerce…

The Financial Regulatory Authority (FRA) has launched an extensive dialogue with stakeholders to develop the services, procedures, and electronic operating system of the Egyptian Movable Collateral Registry, in line with directives from FRA Chairperson Islam Azzam to monitor the effectiveness of services provided by the registry and identify key observations…

The Financial Regulatory Authority (FRA) has approved the establishment, registration and licensing of 11 companies and entities to conduct non-banking financial activities, alongside the establishment of investment funds and specialised companies operating across several activities. The decisions included approval for the establishment of Tafra Investment Group, a special purpose acquisition…

Egyptian Minister of Electricity and Renewable Energy Mahmoud Esmat reviewed plans to upgrade the national unified power grid to absorb new solar and wind capacities and implement battery storage projects to ensure a sustainable electricity supply. During a meeting with the ministry’s strategic committee, Esmat discussed scenarios to secure the…