Lucky, Egypt's fast-growing financial technology company, has raised $23m in a Series B round combining equity and debt, as it accelerates its expansion into North Africa's consumer credit market.
The round drew support from Disruptech Ventures and (...)
Egypt plans to drill more than 100 exploratory wells by 2026 as part of an ambitious strategy to enhance domestic oil and gas production, Petroleum Minister Karim Badawi said on Tuesday.
Speaking during a roundtable meeting with members of the (...)
Egypt's Gulf of Suez Petroleum Company (GUPCO) has drilled a new exploratory well in the Gulf of Suez, producing around 2,500 barrels of oil per day and 3 million cubic feet of gas, the petroleum ministry said on Tuesday.
The well, South Al Wasl-BB, (...)
Egypt has received three giant quay cranes and six yard cranes at the Safaga 2 multipurpose terminal, Transport Minister Kamel al-Wazir announced on Tuesday.
The delivery of the "super post-panamax" cranes, manufactured by China's Shanghai Zhenhua (...)
Investing in human capital is essential to sustaining growth and strengthening the Suez Canal Economic Zone's (SCZONE) position as a global logistics and industrial hub, its chairman said on Monday during a tour of key projects in Port Said.
Waleid (...)
Egypt's National Food Safety Authority (NFSA) has reported a steady inflow of food imports during the final week of March and early April, alongside intensified monitoring measures to ensure product safety and protect consumer health.
According to (...)
The Suez Canal Economic Zone (SCZONE) has announced the arrival of the vessel MV PAROSHIP at East Port Said Port, marking the largest dry bulk carrier ever to berth at an Egyptian port. The ship arrived on Sunday from Mauritania and docked at the (...)
A cargo vessel that ran aground in the Suez Canal on Thursday was refloated within hours, Egyptian authorities said, preventing disruptions along one of the world's most critical shipping routes.
The ship, a Panama-flagged bulk carrier identified as (...)
Egypt's Suez Canal Economic Zone Authority (SCZONE), in partnership with the United Nations Industrial Development Organisation (UNIDO), launched a National Clean Hydrogen Programme on Wednesday, aiming to accelerate the country's transition to a (...)
Egypt delivered a message from President Abdel Fattah El-Sisi to Russian President Vladimir Putin on Thursday, underscoring Cairo's push to deepen strategic and economic ties with Moscow amid rising Middle East tensions.
Foreign Minister Badr (...)
Egypt's stock market (EGX) closed mostly green on Tuesday.
* The benchmark index, EGX30 went up 0.29 per cent to 45,321.59 points.
* The Shariah index, EGX33 dropped by 0.12 per cent to 4,775.08 points.
* The index EGX35-LV surged 1.12 per cent (...)
Egyptian President Abdel Fattah Al-Sisi said on Tuesday that Russia, given its global influence, could play a key role in ending the ongoing war in the Middle East, warning of the risks of further escalation and regional instability.
Al-Sisi made (...)
ينطلق المؤتمر السنوي الثامن للبحوث الطلابية والإبداع في الخامس من مايو لعام 2026، حاملًا شعار «خمسون عامًا من التميز: آفاق ومستقبل البحوث الطلابية نحو الاستدامة والجامعة الذكية»، وذلك تحت رعاية الدكتور ناصر سعيد مندور، رئيس جامعة قناة السويس، (...)
Egypt, Türkiye, Saudi Arabia and Pakistan have called for prioritising diplomacy and launching a negotiation track between the United States and Iran to contain escalating military tensions, warning of serious repercussions for the global economy, (...)
Nakheel Developments has announced the launch of its latest residential project, LIVYN, strategically located on Suez Road in Shorouk City. The project marks a step forward in the company's expansion into East Cairo, a region witnessing accelerated (...)
Efficiency measures could recoup up to $360 million monthly, covering less than a third of the $1.3 billion surge in the energy bill
The 2026/2027 budget signals a renewed commitment to fiscal discipline
When assessing Egypt's latest austerity (...)
Egypt's Ministry of Industry held talks with China's Baowu Steel Group, one of the world's largest steel producers, to explore industrial cooperation and investment opportunities in the country's steel sector, the ministry said on Wednesday.
The (...)
Egypt's Minister of Industry, Khaled Hashem, held talks with a delegation from China Baowu Steel Group, led by Chairperson Hu Wangming, to explore avenues for strengthening industrial and investment cooperation and expanding investments in priority (...)
Navigation through Egypt's Suez Canal is proceeding normally, the Suez Canal Authority (SCA) said on Wednesday, as 39 ships passed in both directions, with a total net tonnage of 1.6 million tons.
Chairman Osama Rabie said operations remain (...)
أعلنت وحدة الدعم الأكاديمي للطلاب بكلية التمريض جامعة قناة السويس، عن أسماء الطلاب المقبولين بالمرحلة الثانية من مبادرة «بداية نحو الإنقاذ»، وذلك بعد الانتهاء من أعمال التقييم والاختيار، حيث تم تصعيد المشاركين المؤهلين للانتقال إلى مرحلة التنفيذ (...)
Prime Minister Moustafa Madbouly chaired a meeting of Egypt's Central Crisis Management Committee on Tuesday to review the economic and strategic implications of ongoing military escalation in the region.
The session brought together senior (...)
East Port Said Port successfully loaded 100 locally manufactured buses onto the vessel SUNSHINE ACE on Tuesday, the Suez Canal Economic Zone Authority (SCZONE) said, marking a boost for Egypt's vehicle exports and engineering industries.
The (...)
Egypt's construction sector is expected to maintain strong growth momentum through 2035, supported by major infrastructure investments and large-scale urban development projects, according to a report reviewed by the Information and Decision Support (...)
Egypt's President Abdel Fattah Al-Sisi has reviewed the impact of the ongoing conflict in the Middle East on operations at the Suez Canal and global supply chains during a meeting with Prime Minister Mostafa Madbouly and Chairperson of the Suez (...)
Suez Canal Bank has signed a strategic partnership agreement with Lucky, a leading financial technology company operating in Egypt and the Middle East, as part of efforts to strengthen financial innovation and support the development of a more (...)
