CEO of the General Authority for Investment and Free Zones (GAFI) Mohamed Awad held talks with a delegation from the European Bank for Reconstruction and Development (EBRD) to discuss mechanisms for activating the memorandum of understanding (MoU) signed in 2025 to promote investment opportunities, attract further direct foreign investment (FDI), and back the private sector.
Updated 6/30/2026 10:50:00 AMUlter by Valu has entered into a strategic partnership with Red Sea Sails to enable access to sailing education, yacht ownership, and marine services through flexible financing solutions
Updated 6/24/2026 11:36:00 AMThe European Investment Bank (EIB) is considering financing two renewable energy projects in Egypt with a combined generation capacity of approximately 1.6 gigawatts (GW).
Updated 6/21/2026 9:21:00 AMRowad Modern Engineering, a subsidiary of Elsewedy Electric’s (SWDY), has signed, as part of an Alstom-led consortium, an agreement with the Egyptian National Railways to execute a series of railway and logistics infrastructure projects across Egypt.
Updated 6/17/2026 3:06:00 PMThe European Bank for Reconstruction and Development (EBRD) has provided an EGP 600 million loan to valU to support Egypt's green transition by expanding access to energy-efficient and renewable energy products.
Updated 6/16/2026 12:32:00 PMMajor economic developments occurred in the second week of June 2026, led by the Ministry of Petroleum's announcement that Egypt has reached zero dues after settling all outstanding arrears owed to oil and gas investment partners.
Updated 6/11/2026 12:05:00 PMThe European Bank for Reconstruction and Development (EBRD) aims to provide €7.5 billion in financing to the Egyptian market over the next five years, Mai Ismail, Associate Director at EBRD, told Asharq Business.
Updated 6/11/2026 8:19:00 AMThe first week of May brought additional reassurance for Egypt’s economy, as the Egyptian Tax Authority (ETA) confirmed that the tax amendments currently under discussion in Parliament concerning the scheduled tax on natural gas will not result in any increase in household natural gas prices or place any additional financial burden on consumers.
Updated 6/4/2026 11:24:00 AMThe European Bank for Reconstruction and Development (EBRD) has revised its forecasts for Egypt's economic growth, projecting the economy will fall to 4.9% in both 2026 and 2027, from 5.1% in 2025.
Updated 6/4/2026 9:49:00 AMMinapharm Pharmaceuticals announced a cash dividend distribution valued at EGP 29.452 million for 2025
Updated 6/3/2026 11:31:00 AMThe European Bank for Reconstruction and Development (EBRD) is considering providing up to $200 million in financing for two onshore wind power projects in Ras Ghareb, located in Egypt’s Red Sea Governorate.
Updated 6/2/2026 10:50:00 AMThe Mineral Resources and Mining Industries Authority (MRMIA) and the European Bank for Reconstruction and Development (EBRD) inked a memorandum of understanding (MoU) to push the development of Egypt’s mining sector
Updated 5/20/2026 12:25:00 AMThe European Bank for Reconstruction and Development (EBRD) will provide a senior debt financing of up to $70 million for a renewable energy project in Egypt that includes a 200-megawatt (MV) solar plant and a 120-megawatt-hour battery energy storage system.
Updated 5/17/2026 2:53:00 PMArab Finance interview with Ghada Darwish, Country Director for the British firm Globeleq and the Chair of the Egyptian Renewable Energy Association (EREA).
Updated 5/13/2026 3:05:00 PMThe 2025 Egyptian trademark landscape illustrates both the challenges of a developing intellectual property (IP) regime and the persistence of local entrepreneurial interest.
Updated 4/30/2026 11:41:00 AMThe International Finance Corporation (IFC) is in the final stages of approving a $100 million senior secured corporate loan to AlDau Hospitality, part of ADD Properties, to finance a flagship hotel overlooking the Grand Egyptian Museum (GEM).
Updated 4/27/2026 10:57:00 AMThe European Bank for Reconstruction and Development (EBRD) has extended a EGP 250 million financing facility to Fawry MSME Finance, a wholly owned subsidiary of Fawry for Banking Technology and Electronic Payment, to expand lending to youth-led micro, small, and medium-sized enterprises (MSMEs) in Egypt.
Updated 4/27/2026 10:52:00 AMAl Ismaelia for Real Estate Investment has secured financing from the European Bank for Reconstruction and Development (EBRD) to support its environmental, social, and governance-led redevelopment of heritage assets in Downtown Cairo.
Updated 4/26/2026 3:35:00 PMUnited Nations Secretary-General Antonio Guterres has appointed Egypt's former Minister of International Cooperation Rania Al-Mashat as Executive Secretary of the United Nations Economic and Social Commission for Western Asia (ESCWA), succeeding Rola Dashti.
Updated 4/21/2026 10:36:00 AMThe second week of April witnessed a handful of economic developments in the Egyptian market, including the announcement of expansion plans in the energy sector and priorities of the fiscal year (FY) 2026/2027 budget.
Updated 4/16/2026 11:45:00 AM