Egypt's Investment Minister Hassan El-Khatib held talks on Sunday with US-based Blumberg Grain on plans to establish a regional food-security hub in the country and localise advanced agricultural preservation technology, the ministry said in a (...)
Industrial Development Group (IDG) has announced the launch of its newest industrial park, e2 New October, in New October City. With investments totalling EGP 4.8bn and spanning 1.6 million sqm, the project represents a significant step forward in (...)
Waleid Gamal El-Dein, chairman of Egypt's Suez Canal Economic Zone (SCZONE), continued his US promotional tour Thursday in Washington, courting investment across pharmaceuticals, energy, logistics, and automotive sectors following successful New (...)
Egypt's Minister of Industry Kamel El-Wazir held a videoconference on Wednesday with Volkswagen Group CEO Thomas Schäfer to discuss the company's plans to expand automotive manufacturing in Egypt.
The meeting reviewed Volkswagen's multi-phase (...)
Egypt's Vice Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, held a virtual meeting with Thomas Schäfer, CEO of the Volkswagen brand and member of the Volkswagen Group Board of Management, to discuss (...)
West Port Said Port received the cruise ship Celestyal Journey on Monday, carrying 435 tourists from various countries and 465 crew members, the Suez Canal Economic Zone (SCZONE) said in a statement. The vessel arrived from Türkiye as part of (...)
Egypt opened the second phase of its 2025 House of Representatives elections on Monday, with voting taking place over 24–25 November across 13 governorates, including Cairo, Qalyubia, Menoufia, Dakahlia, Kafr El-Sheikh, Gharbia, Damietta, Sharqia, (...)
Egypt's Suez Canal Authority (SCA) and Ministry of Petroleum signed a memorandum of understanding on Sunday to advance a major green-energy infrastructure project, including the development of an LNG liquefaction and bunkering station in El-Raswa, (...)
Egypt's East Port Said region is rapidly developing into a major industrial and logistics hub, Prime Minister Mostafa Madbouly said on Thursday, as the government inaugurated a series of new projects in the area.
Speaking at a press conference, (...)
Cairo recently hosted the Egypt-Sverdlovsk Economic Forum under the theme "New Horizons for Economic Cooperation," bringing together senior officials, business leaders, and representatives from Russia's Sverdlovsk Region. The event was organized by (...)
Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, witnessed the signing of a Memorandum of Understanding between the Suez Canal Economic Zone (SCZONE) and Sky Ports to conduct the necessary (...)
Egypt's Suez Canal Economic Zone (SCZONE) signed on Monday a memorandum of understanding and an 18-month usufruct agreement with logistics operator Sky Ports to develop and operate a new multi-purpose terminal at Ain Sokhna Port.
Deputy Prime (...)
President Abdel Fattah Al-Sisi on Sunday urged accelerated development of Egypt's ports and logistics infrastructure, saying the country is keen to attract more foreign investment—particularly from global partners such as Maersk—into the Suez Canal (...)
Egypt's President Abdel Fattah El-Sisi on Sunday inaugurated multiple maritime terminals in the Suez Canal Economic Zone (SCZONE) at East Port Said, a ceremony highlighting Egypt's strategic push to become a major regional logistics and transport (...)
Egypt is planning to establish a world-class logistics centre for grain storage and distribution at East Port Said, its ministry of supply and internal trade said on Sunday.
The project, discussed in a meeting chaired by Deputy Supply Minister Walid (...)
Arcius has signed a binding agreement to acquire the Harmattan gas and condensate field in Egypt's Eastern Mediterranean waters, pending final regulatory approvals.
The offshore field lies approximately 2.5 kilometres north of Ras El-Barr in (...)
Minister of Petroleum and Mineral Resources Karim Badawi has announced the successful completion of drilling operations at the Zohr-9 well, located in the Mediterranean's Zohr gas field. The new well is expected to add approximately 70 million cubic (...)
Egypt has brought a new well online at its giant Zohr gas field in the Mediterranean, adding around 70 million cubic feet of gas per day to production, Petroleum Minister Karim Badawy said in a statement on Wednesday.
The Zohr-9 well was drilled by (...)
Traffic through Egypt's Suez Canal continued normally in both directions on Tuesday after an oil tanker briefly ran aground due to an engine failure, the Suez Canal Authority (SCA) said in a statement.
SCA Chairman Osama Rabie said the vessel, the (...)
Port Said governorate is moving forward with several investment projects, including the development of the Helnan Port Said Hotel, the revival of the historic Port Said Lighthouse, and new hotel and residential initiatives. These plans were reviewed (...)
The Suez Canal Economic Zone (SCZONE) has secured EGP 30bn in long-term banking finance from Commercial International Bank – Egypt (CIB) over 17 years. This funding will repay and restructure a previous EGP 10bn loan and provide EGP 20bn in new (...)
Egypt's Suez Canal Economic Zone (SCZONE) said on Monday it secured a long-term bank financing facility worth 30 billion Egyptian pounds from the Commercial International Bank (CIB) to support infrastructure and port development under its expansion (...)
Egypt's East Port Said Port received Qatari humanitarian aid shipments for Gaza, as Cairo and Doha stepped up coordination to ease the enclave's crisis, the Suez Canal Economic Zone (SCZONE) said in a statement on Thursday.
The shipments, which (...)
The head of Egypt's Suez Canal Economic Zone (SCZONE) has begun a promotional tour in Tokyo to attract new investments in industry, clean energy, and logistics, meeting with major Japanese companies and government officials.
Waleid Gamal El-Dien, (...)
The Suez Canal Economic Zone (SCZONE) has received a Chinese delegation led by Xu Qing, representative of the Mayor of Shanghai, at the Authority's headquarters in Port Said. The meeting was attended by Mohamed Ahmed Mahmoud, SCZONE Vice (...)
