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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…

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,…

The Egyptian Projects Operation and Maintenance (EPROM) recorded the highest net profit in its history at EGP 1.586bn for 2025, marking a 44% increase from EGP 1.096bn the previous year, as the company expanded operations into Nigeria and Iraq, the Ministry of Petroleum and Mineral Resources said. Minister of Petroleum…

Egypt’s President Abdel Fattah Al-Sisi has called for accelerating the localisation of defence industries and expanding domestic manufacturing, while strengthening partnerships with global firms to facilitate the transfer of advanced technologies to Egypt, according to a presidential statement. Al-Sisi made the remarks during a meeting with Defence Minister Ashraf Salem…

Egyptian Prime Minister Mostafa Madbouly inspected the new Control, Command and Technical Support Centre in the New Administrative Capital’s Government District on Wednesday, a facility managing what officials describe as the Middle East’s largest technological infrastructure serving 50,000 government employees. Accompanied by Minister of Communications and Information Technology Raafat Hindi,…

Egypt will completely pay off all outstanding arrears owed to foreign oil and gas partners by the end of June, target hydraulic fracturing to boost production, and has announced a gas discovery with an estimated 2 trillion cubic feet of reserves, Minister of Petroleum and Mineral Resources Karim Badawi said.…

Egypt has slashed its outstanding arrears to foreign oil companies to $1.2bn from $6.5bn, Investment and Foreign Trade Minister Mohamed Farid Saleh told a gathering of 18 US and global firms exploring new investments in the country as Cairo accelerates its economic reforms. Farid held the extensive roundtable, organised by…

Egypt’s economy expanded by 5.3% in the first half of the current fiscal year, Finance Minister Ahmed Kouchouk told international investors during a meeting in Washington, attributing the growth to private sector investments. Speaking at an open dialogue organised by Jefferies International and Societe Generale on the sidelines of the…

There is a tendency in Egyptian real estate to describe things in superlatives. Every development is a landmark; every master plan is visionary. The Spine, Talaat Moustafa Group’s forthcoming urban corridor at the heart of Madinaty, invites that kind of language, but the details behind it are specific enough to…