PM: Govt working to boost added value, governance of gold

CAIRO, Jan 18 (MENA) – Prime Minister Mostafa Madbouly said the government is working to maximize the added value of gold within the local market and transform Egypt from a raw gold exporter into an industrial hub. Madbouly made the remarks as he chaired on Sunday the first meeting of…

Sheraton Soma Bay Resort Awarded Marriott TakeCare Certification

Sheraton Soma Bay Resort is proud to announce that it has been officially awarded the Marriott TakeCare Certification, a distinguished recognition that underscores the resort’s strong commitment to associate wellbeing, a positive workplace culture, and responsible hospitality practices. The post Sheraton Soma Bay Resort Awarded Marriott TakeCare Certification appeared first…

Egyptian Competition Authority approves five major mergers, acquisitions

The Economic Concentration Review Committee at the Egyptian Competition Authority (ECA) has approved a series of significant mergers and acquisitions across multiple sectors. Dar Al-Handasah Consultants (Shair and Partners) will acquire 100% of the shares of John Wood Group. Meanwhile, the SPEBEF 3 Fund, Proparco, the European Bank for Reconstruction…

Kemet, TBEA sign MoU to establish Egypt’s first inverter manufacturing plant

Mahmoud Esmat, Minister of Electricity and Renewable Energy, witnessed—at the conclusion of his official visit to China—the signing of a memorandum of understanding (MoU) between Egyptian company Kemet and China’s TBEA. The agreement covers cooperation in renewable energy, the transfer and localisation of manufacturing technologies for grid-connection systems used in…

Gold prices rise by EGP 325 since start of 2026 in Egypt: iSagha

Gold prices posted strong gains in Egypt over the past week, tracking a parallel rise in global markets, with prices climbing by around 1.9% amid escalating geopolitical tensions and political uncertainty, according to a report by iSagha. Saied Embaby, CEO of iSagha, said local gold prices increased by approximately EGP…