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Asian markets down amid US economic concerns
Asian markets declined on Monday as concerns over a potential US economic downturn hit Wall Street, though US stock…
SPE Capital, EBRD, TCV, BII acquire Egypt’s Tamweely
A consortium of investors, including SPE Capital, the European Bank for Reconstruction and Development (EBRD),…
Egypt’s investment minister to visit UK this month
Egypt's Minister of Investment and Foreign Trade, Hassan El-Khatib announced on Sunday plans to visit the United…
Munich Re says damage inflation rising much faster than CPI rate
German major reinsurer, Munich Re announced on Sunday that it will seek higher reinsurance rates as costs for…
British cumulative investments in Egypt hit $21.5b in June ’24 – minister
The cumulative British investments in Egypt reached $21.5 billion by June 2024, said Hassan El-Khatib, Minister of…
WEPCO expands Al Hamra Port capacity, boosts production
The Western Desert Petroleum Co. (WEPCO) reported key operational achievements during its general assembly, with…
Egypt pledges to boost renewable energy share – GAFI’s CEO
Egypt's Energy Strategy 2035 aims to increase the share of renewable energy in the energy mix to approximately 42…
Hengtong to establish $15m fibre optic cable plant in SCZone
Egypt’s Information Technology Industry Development Agency (ITIDA), Telecom Egypt, and the National…
Egypt’s Pharaonic Petroleum reaches 98.5% of ’23/’24 targets
Pharaonic Petroleum Company, headquartered in Cairo, achieved 98.5 per cent of its approved production plan for the…
EGX ends in red on Sep 8
Egypt’s stock exchange (EGX) closed in red notes on Sunday, with the main index, EGX30 plunging by 2.44 per cent,…