Category: News

Al Ismaelia for Real Estate Investment has secured financing from the European Bank for Reconstruction and Development (EBRD) to accelerate its environmental, social, and governance (ESG)-led redevelopment of heritage assets across Downtown Cairo. The agreement was signed at Mazeej Balad by Karim Shafei, Chairperson of Al Ismaelia, and Jean-Marc Peterschmitt,…

In the heart of Washington, where global policies are shaped, alliances forged, and strategic interests converge, Egypt faces a complex challenge: how to reassert itself as a central and indispensable partner to the United States in a region undergoing profound transformation. This is no longer a theoretical question confined to…

Chairman of the American Chamber of Commerce in Egypt and head of the mission Omar Mehanna said that measures taken by the Egyptian government to mitigate the negative impacts of regional tensions, including the wars in Gaza and tensions involving Iran, were met with appreciation and praise by US officials.…

Egypt’s Egyptian Accreditation Council (EGAC), affiliated with the Ministry of Industry, has extended its international recognition from the European Cooperation for Accreditation (EA) to include carbon footprint verification under ISO 14067 standards. The expanded scope covers certification and verification bodies and has been reflected in global accreditation databases, including the…

Egypt produces around 1.1 million tonnes of methanol annually, meeting domestic industrial demand while exporting surplus volumes to global markets, Minister of Petroleum and Mineral Resources Karim Badawi said. Speaking at the general assembly meeting of Methanex Egypt to approve its 2025 financial results, Badawi highlighted the company’s strategic role…

Egypt’s Ministry of Water Resources and Irrigation has highlighted a series of major water projects in the Sinai Peninsula as central to boosting agricultural expansion and strengthening food security, marking Sinai Liberation Day. In a statement, Water Minister Hani Sewilam said the government is advancing large-scale water management initiatives as…

The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has injected EGP 939.4m into North and South Sinai between 2014 and 2025, financing nearly 10,000 projects and generating around 25,000 job opportunities. Of the total funding, EGP 23m was allocated as grants to support infrastructure, community development, and training programmes,…

Egypt’s Financial Regulatory Authority (FRA) has granted temporary operating licences to six healthcare third-party administrator (TPA) companies, as the regulator begins enforcing the country’s new Unified Insurance Law, the authority’s chairperson said. The announcement came during an extended meeting held by FRA Chairperson Islam Azzam with TPA representatives, authority leaders,…