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GAFI, EBRD deepen cooperation to boost FDI, back private sector in Egypt

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 AM
Ulter by Valu cooperates with Red Sea Sails to boost yacht financing

Ulter 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 AM
EIB considers financing renewable energy projects in Egypt with combined capacity of 1.6 GW

The 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 AM
Elsewedy Electric's Rowad Modern Engineering joins Alstom consortium for Egypt rail projects

Rowad 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 PM
Valu secures EGP 600M EBRD loan to scale green consumer finance

The 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 PM
Top 10 Trending News to Read This Weekend

Major 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 PM
EBRD targets €7.5B in Egypt financing over next 5 years

The 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 AM
Weekly Rundown of Top 10 Trending Headlines

The 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 AM
EBRD cuts Egypt's economic growth forecast for 2026, 2027

The 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 AM
Minapharm Pharmaceuticals unveils EGP 2.5/share cash dividends for 2025

Minapharm Pharmaceuticals announced a cash dividend distribution valued at EGP 29.452 million for 2025

Updated 6/3/2026 11:31:00 AM
EBRD considers $200M loan for 2 wind projects in Egypt

The 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 AM
MRMIA, EBRD sign MoU to advance Egypt’s mining sector

The 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 AM
EBRD to back Nefer Benban's solar project in Aswan with $70M

The 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 PM
Defining 'Next Phase': Why Egypt’s Renewable Success Depends on Market Maturity, Not Mega-Projects

Arab 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 PM
IP System in Transition: Egypt’s Trademark Paradox

The 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 AM
IFC board to vote on $100M loan for hotel overlooking Grand Egyptian Museum

The 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 AM
EBRD provides EGP 250M facility to Fawry MSME Finance to fund youth-led enterprises in Egypt

The 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 AM
EBRD finances Al Ismaelia’s ESG-led redevelopment in Downtown Cairo

Al 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 PM
UN’s Guterres appoints Egypt’s Rania Al-Mashat as ESCWA Executive Secretary

United 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 AM
Top 10 Trending News to Read This Weekend

The 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