Egypt to settle $1.3B IOC arrears by end-June
Egypt is set to settle $1.3 billion in arrears to international oil companies (IOCs) by the end of June 2026, Minister of Petroleum and Mineral Resources Karim Badawi announced.
Latest News
Egypt’s wheat production to grow 6.5% YoY in 2026/27 season: USDA
Egypt’s wheat production is expected to increase by 6.5% year-on-year (YoY) to 9.8 million tons in the 2026/2027 season, according to the United States Department of Agriculture (USDA).
Beltone secures FRA initial approval for Egypt’s 1st silver investment fund
Beltone Asset Management has secured initial approval from the Financial Regulatory Authority (FRA) to launch “Fadda,” the Beltone Evolve Silver Investment Fund with cumulative daily return, marking the introduction of Egypt’s first silver-focused investment vehicle.
Palm Hills sees 29.55% YoY consolidated profit leap in 2025
Palm Hills Development Company (PHDC) reported a 29.55% year-on-year (YoY) growth in consolidated net profits after tax and non-controlling interest for 2025 to EGP 4.216 billion from EGP 3.254 billion.
General Motors explores expansion plans in Egypt
Minister of Investment and Foreign Trade Mohamed Farid met with a delegation from General Motors to discuss the company's expansion plans in Egypt.
