Tag: Egypt

Egypt turns to alternative energy sources to meet demand after gas attack
Global NewsBusiness

Egypt turns to alternative energy sources to meet demand after gas attack

Egypt secures alternative energy supplies after a drone attack damaged a gas vessel, assuring fuel reserves and stable electricity during peak demand.

Oluwatosin Alao Oluwatosin Alao
Ali Dayekh
BusinessHot News

Meet Egypt’s businessman, Ali Dayekh, with shares worth over $150 million on EGX

Egypt's businessman, Ali Dayekh holds over $150 million in EGX shares, with major stakes in banking, distribution, and investment firms.

Feyisayo Ajayi Feyisayo Ajayi
Nammos Hotels & Resorts
TourismLuxury

Nammos to open ultra-luxury resort and residences on Egypt’s North Coast

Nammos Hotels & Resorts will open its first Egypt luxury resort and residences at Ras El Hekma, boosting North Coast tourism and investment.

Oluwatosin Alao Oluwatosin Alao
Marriott International, the world’s largest hotel chain.
LuxuryBusinessHot News

Marriott to add nine Egypt hotels with more than 1,800 rooms under new deal

Marriott, the world’s largest hotel chain, will develop nine hotels with more than 1,800 rooms across Egypt, backing the country's tourism expansion and investment drive.

Omokolade Ajayi Omokolade Ajayi
Commercial International Bank (CIB)
BusinessHot News

Egypt’s 10 most valuable firms in 2026

Egypt’s top firms gained as market value hit $77 billion, driven by banking strength, industrial growth, and rising investor confidence.

Feyisayo Ajayi Feyisayo Ajayi
Egypt approves four oil and gas deals, including Perenco's North Sinai project, as it seeks to raise gas output and strengthen energy security.
BusinessHot News

Egypt approves Perenco North Sinai project in new oil and gas deals

Egypt approves four oil and gas deals, including Perenco's North Sinai project, as it seeks to raise gas output and strengthen energy security.

Oluwatosin Alao Oluwatosin Alao
Egypt seeks long-term LNG deals with Shell, BP and TotalEnergies
BusinessHot News

Egypt seeks long-term LNG deals with Shell, BP and TotalEnergies

Egypt seeks long-term LNG deals with Shell, BP and TotalEnergies as declining gas output pushes Egypt to secure energy supplies.

Oluwatosin Alao Oluwatosin Alao
BusinessHot News

Egypt’s Mobica to invest $20 million in manufacturing, launches $10 million tech ETF

Mobica plans $20 million manufacturing expansion and launches $10 million tech ETF, signaling Egyptian industry’s shift toward innovation.

Feyisayo Ajayi Feyisayo Ajayi
Sharm El Sheikh
Tourism

British developer bets $670 million on Egypt tourism push with Sharm El Sheikh projects

British developer The First Group commits $670 million to build 3,200 hotel units in Sharm El Sheikh, boosting Egypt’s tourism growth.

Feyisayo Ajayi Feyisayo Ajayi
Egypt
Hot NewsBusiness

Egypt leads Africa with $15 billion in foreign direct investment despite continental drop

Egypt pulled in $15 billion in foreign direct investment to lead Africa in 2025, anchoring continental inflows alongside Morocco and South Africa.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Egypt launches child-focused SIM services to strengthen online safety

Egypt launches child-focused SIM services, Etmaen and Etmaen Ala El Akher, to enhance online safety with built-in network protections.

Feyisayo Ajayi Feyisayo Ajayi
Gene Energy Office
BusinessHot News

Genel Energy eyes Egypt expansion in $360 million Capricorn acquisition

Genel Energy Egypt expansion accelerates after its $360 million Capricorn Energy acquisition, strengthening production and growth.

Timilehin Adejumobi Timilehin Adejumobi