Tag: Egypt

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
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
BusinessHot News

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.
Hot NewsBusiness

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
TechnologyBusinessHot News

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
TechnologyBusinessHot News

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