Category: News

Healthcare company Opella has appointed Murali Rao as its Brand and Innovation Head for the Africa, Middle East and Turkey (AMET) zone, mandating him to steer the firm’s brand portfolio and innovation roadmap. Rao, who joined the company in 2024, is tasked with accelerating Opella’s self-care operations across the region.…

Commercial International Bank – Egypt (CIB) has completed an EGP 1.307bn securitisation issuance for B.TECH, acting as the exclusive financial advisor, lead arranger, issuance manager, promoter, and underwriter for the transaction. The single-tranche issuance, which carries a 12-month maturity, is the third under B.TECH’s 14th securitisation programme. The wider two-year…

French companies are planning multiple new projects in Egypt’s clean and renewable energy sectors in the coming period, the French ambassador to Cairo confirmed during discussions on national power grid modernisation with Egypt’s electricity minister. Ambassador Eric Chevallier stated that French firms are keen to establish new investments in Egypt,…

Egypt’s Ministry of Transport has overseen the signing of two landmark agreements between Egyptian National Railways and the National Egyptian Railway Industries Company (NERIC), advancing efforts to localize railway manufacturing and strengthen maintenance capacity. The agreements were signed at NERIC’s manufacturing facility in the presence of Transport Minister Kamel Al-Wazir…

Egypt’s Minister of Industry, Khaled Hashem, met with a delegation from Savola Group, led by CEO Sameh Hassan, to discuss the company’s operations in Egypt and future expansion plans. The talks align with the government’s broader efforts to strengthen the industrial sector and enhance food security. Savola has maintained a…

The European Bank for Reconstruction and Development (EBRD) has extended a financing facility worth EGP 250m (approximately €4.4m) to Fawry Microfinance, a wholly owned subsidiary of Fawry for Banking Technology and Electronic Payments, in a move aimed at expanding digital microfinance services in Egypt. The facility is designed to enhance…

CAIRO – April 27, 2026: As conversations around the future of education continue to evolve globally, Cairo is increasingly becoming part of that dialogue. As part of this growing exchange between global perspectives and local aspirations, Dianne Drew, Head of School at Dwight School New York and Global Education Director…

This January, British journalist Alex Preston submitted a review of Jean-Baptiste Andrea’s novel ‘Watching Over Her’ to The New York Times, which was polished with the help of an artificial intelligence (AI) tool. The piece borrowed phrases from a Guardian review of the same book written by Christobel Kent, published…

Zhour Developments has announced the launch of FioRI compound, a mixed-use residential project in west Cairo, with total investments exceeding EGP 10bn. The project reflects continued expansion in west Cairo, an area that has attracted increasing real estate activity in recent years due to ongoing infrastructure development and connectivity improvements.…

Egyptian President Abdel Fattah Al-Sisi has approved a comprehensive four-year development plan for Galala City on Egypt’s Red Sea coast, aimed at transforming the area into an integrated hub for tourism, trade, and economic activity. According to the presidency, Al-Sisi reviewed ongoing projects during a meeting with senior military and…