GlobalCorp Financial Services has successfully completed its eighth securitization bond issuance, valued at EGP 2.5bn, following approval from Egypt's Financial Regulatory Authority (FRA). The transaction falls under the company's second approved (...)
Egypt on Sunday signed an executive agreement with the Japan International Cooperation Agency (JICA) to secure a $22 million (1 billion Egyptian pounds) grant to fund the Suez Canal Authority's first-ever Diving Support Vessel (DSV).
The signing was (...)
Japan will provide an EGP 1bn ($22m) grant to Egypt to build and supply a first-of-its-kind diving support vessel (DSV) for the Suez Canal Authority (SCA) fleet, according to an executive agreement signed on Sunday.
The grant, provided through the (...)
In a room filled with the nation's newly designated military attachés, the talk was not of ballistics or borders, but of textiles, tech hubs, and the price of global trade. Dr. Rania Al-Mashat, Egypt's Minister of Planning, Economic Development and (...)
Egypt's Suez Canal Economic Zone Authority (SCZONE) denied on Thursday media and social media claims that a vessel carrying military equipment docked at Port Said, one of its key ports, en route to a foreign destination.
In a statement, the (...)
At its 72nd meeting, chaired by Prime Minister Mostafa Madbouly, the Egyptian Cabinet approved a package of key decisions spanning traffic regulation, healthcare, infrastructure development, vocational training, and economic reform.
The Cabinet (...)
Madinet Masr has signed a memorandum of understanding (MoU) with Forward Contractors to execute construction works worth EGP 1.45bn at Sarai, the company's mixed-use development in East Cairo.
The partnership forms part of Madinet Masr's growth (...)
Egypt and Armenia signed a cooperation protocol on Tuesday to expand bilateral ties across trade, investment, industry, and energy, marking a new phase in economic relations between the two nations.
The agreement was signed at the conclusion of the (...)
Egypt on Tuesday signed agreements worth $1.15 billion to build three new industrial complexes in the Suez Canal Economic Zone (SCZONE), the Cabinet said, as part of a push to boost manufacturing, exports, and job creation.
Prime Minister Moustafa (...)
Egypt's Suez Canal saw the passage of the giant container ship CMA CGM JACQUES SAADE for the first time in two years, marking the full return of vessels from the French shipping group, the Suez Canal Authority said Tuesday.
The transit also included (...)
Egypt signed contracts for three industrial projects in the Suez Canal Economic Zone (SCZONE) worth $1.15bn, bringing total investment in the zone to $5.1bn for the first half of the 2025/26 fiscal year(FY).
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* Polyester and Polymer (...)
Egypt began drilling the first well under a new investment programme by Italy's Eni SpA, as the government steps up efforts to boost domestic energy output and curb fuel imports.
Petroleum and Mineral Resources Minister Kareem Badawy inspected (...)
Major shipping lines have begun returning to the Suez Canal, Suez Canal Authority (SCA) Chairperson Osama Rabie said on Tuesday, as the waterway recorded the transit of one of the world's largest container ships for the first time in two years.
The (...)
Pitcairn Food Industries has signed a contract to establish an $8 million (approximately EGP 400m) production facility in the Sokhna Industrial Zone, the Suez Canal Economic Zone (SCZONE) said in a statement on Monday.
The project, which will be (...)
The Suez Canal Economic Zone (SCZONE) signed a EGP 1bn usufruct contract on Monday with the Main Development Company (MDC) to develop pre-built factories in the West Qantara industrial zone.
The project involves the development of a total area of (...)
Egyptian authorities seized large quantities of petroleum products at a warehouse and uncovered safety and regulatory violations at a liquefied petroleum gas (LPG) cylinder filling factory in Giza, the state petroleum regulator said.
As part of (...)
Egypt's Suez Canal Economic Zone (SCZONE) signed a contract to establish a $8 million food manufacturing facility by Pitcairn Group in Sokhna Industrial Zone, the authority said on Monday.
The project, located within the MDC industrial developer, (...)
The Suez Canal Economic Zone (SCZONE) on Monday signed a 1 billion Egyptian pound agreement with industrial developer Main Development Company (MDC) to build ready-to-operate factories in the West Qantara Industrial Zone.
The project will be (...)
Egyptian President Abdel Fattah Al-Sisi met with Russian Foreign Minister Sergei Lavrov on Saturday to review bilateral relations and exchange views on pressing regional and international issues, including the situation in Gaza, developments in (...)
Egypt has denied claims that it ceded land in the Sokhna integrated zone to Qatar's Al Mana Holding, clarifying that the company's sustainable aviation fuel project is based on a usufruct system and remains under full Egyptian sovereignty.
The Suez (...)
Egypt's Foreign Ministry on Thursday cited an "exceptional year" for Egyptian diplomacy following a series of high-profile electoral victories within United Nations bodies, headlined by a historic win for the leadership of UNESCO.
In a statement, (...)
Egypt's West Qantara Industrial Zone, part of the Suez Canal Economic Zone (SCZONE), has secured 48 industrial and logistics projects from foreign investors, totalling more than $1.325 billion, the zone's authority said on Thursday.
The (...)
Egypt's Cabinet Media Centre on Thursday dismissed claims that the country had ceded land in Sokhna to Qatari company Al Mana Holding without financial or investment returns, saying the project generates significant economic benefits and jobs.
The (...)
Egypt's Suez Canal Authority (SCA) signed Wednesday a memorandum of understanding with the Namibian Ports Authority (Namport) to cooperate on port development, marine construction and maritime training, as Cairo moves to expand its commercial and (...)
Egypt expects its non-oil merchandise exports to reach between $48bn and $50bn by the end of the current year, marking a 20% annual growth rate, Prime Minister Mostafa Madbouly said on Wednesday.
Speaking at a weekly press conference, Madbouly (...)
