Tag: Egypt

El Nasr Automotive Manufacturing Company.
BillionairesBusinessHot News

Egypt’s state-owned El Nasr Automotive boosts industry with China deal

Egypt revives El Nasr Automotive with FAW Group to produce new cars, expand EV manufacturing, and reduce vehicle imports.

Omokolade Ajayi Omokolade Ajayi
Egypt
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Egypt lists Petroleum Marine Services, 3 others to advance state offerings program

Egypt lists four state firms on EGX, advancing offerings program, boosting transparency, and preparing assets for future public listings.

Feyisayo Ajayi Feyisayo Ajayi
Egypt’s food exports.
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Egypt’s food exports climb 7.1% to $2.43 billion in first four months of 2026

Egypt’s food exports rose 7.1 percent to $2.43 billion in the first four months of 2026, driven by a surge in demand from Spain, Saudi Arabia, and China.

Omokolade Ajayi Omokolade Ajayi
Egypt taps China’s Sany for first wind turbine plan
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Egypt taps China’s Sany for first wind turbine plant to drive African grid

Egypt taps Sany for a new wind turbine plant to cut imports and export clean energy infrastructure across Africa and the Middle East.

Omokolade Ajayi Omokolade Ajayi
ADQ tightens grip on Egypt's Alexandria Containers through AD Ports
BusinessGlobal News

ADQ tightens grip on Egypt’s Alexandria Containers through AD Ports

ADQ and AD Ports move to increase control of Egypt's Alexandria Containers as profits and cargo volumes rise.

Oluwatosin Alao Oluwatosin Alao
Egyptian wheat supply linked to import diversification strategy.
Hot NewsBusiness

Egypt buys record amount of wheat from farmers after reforms

Egypt bought a record 4.6 million tons of local wheat after policy reforms raised domestic prices to ease foreign currency shortages.

Omokolade Ajayi Omokolade Ajayi
Egyptian fintech startup, Blnk
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Egyptian fintech startup, Blnk, raises $37 million to scale AI-driven consumer lending

Blnk raises $37 million in equity and debt to expand point-of-sale consumer credit and drive financial inclusion.

Omokolade Ajayi Omokolade Ajayi
Oriental Weavers reported stronger first-quarter 2026 earnings as exports and lower production costs supported growth at the Egyptian carpet manufacturer.
BusinessHot News

Oriental Weavers Q1 2026 profit rises to $17.1 million on lower costs, higher exports

Oriental Weavers reports first-quarter 2026 profit of $17.1 million as revenue rises and exports strengthen amid lower production costs.

Omokolade Ajayi Omokolade Ajayi
Egyptian wheat supply linked to import diversification strategy.
BusinessGlobal NewsHot News

Egypt targets Middle East grain hub amid rising import costs and supply risks

Egypt is expanding its grain trading and storage network to serve Middle East and African markets as import costs rise and supply risks grow.

Omokolade Ajayi Omokolade Ajayi
Sky Investments Holding, Egyptian conglomerate expanding investments across ports, logistics, and real estate infrastructure development.
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Sky Investments outlines $500 million plan for Egypt’s logistics and ports growth

Sky Investments Holding plans $500 million investment across Egypt’s ports logistics and real estate over three years, boosting infrastructure growth.

Omokolade Ajayi Omokolade Ajayi
Egyptian billionaire Naguib Sawiris, one of Africa's richest individuals.
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Egyptian billionaire Naguib Sawiris’ net worth hits $11.3 billion as $400 million flows into gold

Egyptian billionaire Naguib Sawiris boosts wealth to $11.3 billion as $400 million flows into gold, strengthening his mining portfolio.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Egypt increases gas prices for industries as energy costs fluctuate

Egypt raises natural gas prices for key industries as it adjusts subsidies and manages rising energy import costs under IMF program.

Omokolade Ajayi Omokolade Ajayi