AfDB approves $27.2 million loan to establish Egypt’s Kom Ombo solar power plant
The African Development Bank’s (AfDB) Board of Directors approved on Wednesday a $27.2 million loan financing for…
Spotify competitor Anghami to become first Arab tech firm to list on Nasdaq, eyes plans…
Anghami, which operates a music streaming app popular in the Middle East and North Africa, announced on Wednesday…
IKEA opens its second branch in Egypt
IKEA, the world's biggest furniture retailer, opened on Wednesday its second branch in Egypt in in collaboration…
Baker McKenzie named legal advisor in IFC- Pasabahce Egypt financing deal
Helmy, Hamza & Partners, Baker McKenzie office in Egypt, announced on Wednesday that it had been mandated as…
Egypt’s stocks plunge on Wednesday, benchmark EGX 30 tumbles 0.68%
Egypt’s stock exchange’s (EGX) indexes ended lower on Wednesday, with the benchmark EGX 30 index dropping 0.68…
Egypt’s Talaat Moustafa Group revenues grow 20% in 2020
Egyptian property developer Talaat Moustafa Group reported on Wednesday a 20 percent year-on-year growth in…
Unreliable infrastructure in Africa a major setback in development endeavours, IMF…
Setbacks in African development endeavours can be attributed to the lack of reliable infrastructure, according to…
Telecom Egypt is launching Hybrid Ring Path to link Africa with Europe by 2023
State-run Telecom Egypt is planning to launch Hybrid African Ring Path (HARP) by 2023, a new subsea system circling…
Trade between Italy and Egypt hit €3.390 bln in 9 months
The value of Egyptian-Italian trade hit €3.390 billion ($4.1 billion) during the period from January to October…
Orascom Construction to build Magdi Yacoub Global Heart Centre
Orascom Construction has been chosen by Magdi Yacoub Heart Foundation to construct the Magdi Yacoub Global Heart…