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FM, US official discuss prospects of boosting strategic relations

Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty met with Chairman of the US House Foreign Affairs Committee Brian Mast as part of a series of meetings he is holding with leaders and members of the US Congress during his visit to Washington. Abdelatty affirmed Egypt’s keenness…

IBF & COMPANY invests in Techno Metal to strengthen industrial portfolio

IBF & COMPANY, an investment and strategic advisory firm focused on growth-stage companies, has completed a strategic equity investment in Techno Metal, an Egyptian provider of industrial storage solutions and metal racking systems. The transaction forms part of IBF & COMPANY’s broader strategy to expand its industrial portfolio through partnerships…

FRA chief pushes responsible pricing to boost SME financing confidence

Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), convened an expanded meeting with representatives of companies financing micro, small, and medium enterprises (MSMEs), reinforcing the authority’s commitment to open dialogue and sector development. The discussions centered on operational and financing challenges, with a strong focus on advancing responsible pricing…

Egypt explores expanding climate finance in partnership with banking sector

Egypt’s Ministry of Local Development and Environment is stepping up efforts to expand climate finance and support sustainability-focused projects in cooperation with the banking sector, as part of advancing the country’s Vision 2030 and addressing mounting climate challenges. In a statement, the ministry said Minister Manal Awad met with Dalia…

Sakr to invest EGP 940m in three projects at Sokhna Industrial Zone

Waleid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), witnessed the signing of contracts for three new projects by Sakr for Electronics and Energy (SDC Investment Fund) within the MDC industrial developer’s zone in the integrated Sokhna Industrial Area. The projects form part of a broader industrial complex…

Egypt, Eritrea move to deepen industrial, investment cooperation

Egypt’s Minister of Industry, Khaled Hashem, held talks with Hagos Gebrehiwet, Economic Adviser to the Eritrean President, and Nasr El-Din Saleh, Eritrea’s Minister of Trade and Industry, to explore avenues for strengthening bilateral cooperation in industry and joint investment. Hashem highlighted the strength of strategic relations between Egypt and Eritrea,…