China's Sunrev Solar has signed Wednesday a $200 million agreement with TEDA Egypt to establish a major solar energy components manufacturing complex in the Ain Sokhna industrial zone.
The deal, witnessed by Prime Minister Moustafa Madbouly, will (...)
Egypt's Nuclear and Radiological Regulatory Authority (ENRRA) affirmed that the current situation in the country is completely safe, with no indicators suggesting any potential radiological impacts. The authority added that it operates 24-hour (...)
Egypt's House of Representatives has given final approval to a new draft bill aimed at improving the management of state-owned property and maximising their economic and social returns.
The legislation introduces a comprehensive governance framework (...)
Brent crude's premium to the Middle East's Dubai benchmark surged above $3 per barrel on Wednesday, reaching $3.33 for August—the highest since September 2023, according to LSEG data cited by Reuters.
The sharp increase follows a more than 4 per (...)
Egypt is taking part as huest of honour at the 20th China International Small and Medium Enterprises Fair (CISMEF), unveiling a major pavilion that features 88 Egyptian industrial projects and a dedicated space for direct trade agreements, Egyptian (...)
Egypt signed final contracts on Sunday to begin construction of a $658 million phosphoric acid production complex in the Western Desert, marking a major step in its push to shift from raw mineral exports to high-value industrial processing, a (...)
Saudi Arabia's net foreign direct investment (FDI) inflows declined by 7 per cent in the first quarter of 2025 compared to the previous quarter, reaching SAR 22.2 billion, according to the General Authority for Statistics. Despite the quarterly (...)
Egypt's Universal Health Insurance Authority (UHIS) and the Egyptian Cure Bank signed a cooperation protocol to support low-income citizens and expand access to medical services.
The agreement, which came on the sidelines of Africa Health ExCon (...)
Egypt's Small and medium enterprises (SMEs) account for over 90 per cent of Egypt's economic activity but continue to face barriers to innovation, productivity, and formalisation, according to a new report by the Organisation for Economic (...)
The Egyptian Exchange (EGX) closed higher on Sunday, buoyed by broad-based gains across major indices.
The benchmark EGX30 rose 0.62 per cent to finish at 33,206.76 points, while the EGX33 Shariah Index advanced 0.89 per cent to 3,457.09 points.
The (...)
Saudi Arabia's unemployment rate (including Saudis and non-Saudis) fell to 2.8 per cent in Q1 2025, with Saudi nationals' unemployment hitting a record low of 6.3 per cent. The overall labour force participation rate reached 68.2 per cent and 51.3 (...)
Egypt's Foreign Trade Training Centre (FTTC) has received the renewed ISO 21001:2018 certification for its Training Management System on Monday, reaffirming its alignment with international standards in institutional training and education.
Minister (...)
Egypt's Agiba Petroleum Company recorded its highest daily production in May, reaching 44,196 barrels of oil equivalent. The company also added 5.3 million barrels of oil equivalent to its proven reserves under a four-year exploration plan that (...)
Egypt's Financial Regulatory Authority (FRA) has approved the establishment of two new investment funds, one focused on real estate and the other on metals, as part of a broader set of licences granted to five non-banking financial firms.
The (...)
Morocco's economy grew 4.8 per cent in the first quarter of 2025, up from 3 per cent a year earlier. Both agricultural and non-agricultural sectors expanded by 4.5 per cent and 4.6 per cent, respectively.
Attribution: Amwal Al Ghad (...)
The NATO Innovation Fund has made its first biotech investment, co-leading a $35 million funding round in UK-based Portal Biotech to bolster biosecurity capabilities.
Portal Biotech uses AI-driven protein sequencing technology and portable (...)
Egypt's General Petroleum Company (GPC) has made a new oil discovery, GPR-1X, in the mature fields of the Abu Sennan area in the Western Desert, the Egyptian Petroleum Ministry announced on Sunday.
Initial results show the well is producing up to (...)
Egypt's stock market (EGX) closed mixed on Sunday, June 15, 2025.
The main index, EGX30, went down by 4.60 per cent, to 31,016 points.
The Shariah index, EGX33, sank by 4.19 to 3,229 points.
The SMEs index, EGX70, dropped by 5.19 to 9,107.09 (...)
The World Bank said on Wednesday it had approved $250 million in financing for Lebanon under a new $1 billion Lebanon Emergency Assistance Project (LEAP) aimed at kickstarting recovery in areas hit by recent Israeli aggression.
LEAP will focus on (...)
The World Bank said on Wednesday it had approved a $146 million grant to Syria aimed at restoring the electricity supply and supporting sector development. The funding, provided through the International Development Association (IDA), will finance (...)
Egypt's Petroleum Minister Karim Badawy inspected final preparations for the Energos Eskimo floating storage and regasification unit (FSRU) at Ain Sokhna Port on Wednesday, as the country moves to bolster its energy security and meet surging summer (...)
The Egyptian Exchange (EGX) closed on a green note on Wednesday, June 25, 2025.
* The main index, EGX30, went up by 1.24 per cent to 33,002.85 points.
* The Shariah index, EGX33, soared by 1.34 per cent to 3,426.57 points.
* The SMEs index, (...)
Egypt's Prime Minister Moustafa Madbouly announced on Wednesday that gas supplies will resume next Friday for factories that had recently suspended operations due to shortages, as part of government efforts to mitigate the domestic impact of (...)
The Egyptian Petroleum Holding Company (Ganope) has signed a new concession agreement with Russia's Lukoil Overseas Holding Ltd. for oil exploration and exploitation in the South Wadi El Sahel area of Egypt's Eastern Desert.
Under the agreement, (...)
ChatGPT said:
Egypt's Micro, Small and Medium Enterprise Development Agency (MSMEDA) reiterated its support for the MSME sector, citing its role in driving 90 per cent of global economies, 50 per cent of GDP, and 70 per cent of (...)