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Dana Gas posts $130M profit in 2025 as it advances $100M Egypt investment program

Dana Gas, the largest privately owned regional natural gas company in the Middle East, posted its unaudited financial results for the full year ended December 31st, 2025, as it continued to deploy capital to support production in Egypt.

Updated 40m4h
IMF board to review Egypt’s $8B program by end-February

The International Monetary Fund’s (IMF) executive board will meet at the end of the month to consider approving the fifth and sixth reviews of Egypt’s $8 billion Extended Fund Facility (EFF) program, as stated by IMF Managing Director Kristalina Georgieva.

Updated 46m5h
Egypt, Chevron step up coordination on Cyprus Aphrodite gas conncetion project

Minister of Petroleum and Mineral Resources Karim Badawi has held talks with Chevron executives in Washington, D.C. to follow up on ongoing coordination to finalize the technical and commercial agreements for connecting Cyprus’ Aphrodite gas field to Egypt’s infrastructure.

Updated 10m6h
Egypt launches 2026-2030 telecom spectrum strategy with $3.5B frequency deal

Egypt has signed a $3.5 billion spectrum allocation deal with its four mobile operators, marking the largest frequency agreement in the history of the country’s telecommunications sector since the introduction of mobile services.

Updated 46m3h
A Busy Start to February: Egypt’s Top 10 Viral Stories

From the Central Bank of Egypt (CBE) issuing T-bills to finance the state's budget deficit to the government launching a unified digital platform for investment licensing, Egypt’s economy delivered a busy start to February.

Updated 2/5/2026 1:39:00 PM
IDSC shows fluctuations in Egyptian commodity, vegetable prices on February 4th

The Information and Decision Support Center (IDSC) highlighted fluctuations in the prices of basic commodities and vegetables in the Egyptian market on February 4th.

Updated 2/4/2026 2:38:00 PM
Egypt discusses building materials investment with Türkiye's Eczacibasi group

Minister of Investment and Foreign Trade Hassan El-Khatib met with officials from Türkiye's Eczacibasi Holding Group to discuss investment and manufacturing expansion opportunities in the Egyptian market and explore ongoing and future partnerships in the building materials sector and other industrial sectors.

Updated 2/4/2026 8:02:00 AM
Egypt, Sweden ink MoU on health, medical cooperation

Egypt and Sweden have signed a memorandum of understanding (MoU) to enhance cooperation in the health and medical fields, focusing on the exchange of expertise and best practices in public health.

Updated 2/3/2026 12:15:00 PM
Badawi outlines 5-year plan to boost oil, gas production with foreign firms

Minister of Petroleum and Mineral Resources Karim Badawi held an extensive meeting with executives of international oil and gas companies operating in Egypt to discuss a five-year plan aimed at intensifying exploration and production activities and accelerating investment in the sector.

Updated 2/3/2026 4:48:00 AM
Egyptian Drug Authority, Rwandan counterpart ink framework to boost pharmaceutical cooperation

The Egyptian Drug Authority (EDA) signed the executive framework for a memorandum of understanding (MoU) with the Rwandan Food and Drug Authority to strengthen pharmaceutical cooperation between the two countries.

Updated 2/1/2026 4:44:00 AM
ABB Egypt support Egypt’s sustainable economy at Swiss-Egyptian Economic Forum 2026

ABB Egypt reaffirmed its strategic commitment to Egypt’s sustainable industrial transformation during the Swiss-Egyptian Economic Forum 2026.

Updated 1/28/2026 2:43:00 PM
Egypt, China’s Xingfa to explore mining project in Golden Triangle

The Mineral Resources and Mining Industries Authority, Misr Phosphate, and Wadico signed a joint agreement with Xingfa Group to boost investments in the mining sector, according to a statement.

Updated 1/28/2026 5:25:00 AM
Egypt’s free zones attract $14.3B investments by October 2025

The number of projects operating in Egypt’s free zones reached 1,237 by October 2025, with capital investments valued at $14.3 billion, noted Mohamed Elhomosany, the Cabinet’s Official Spokesperson.

Updated 1/28/2026 5:01:00 AM
China’s XinFeng Steel to build $10B integrated industrial complex in Egypt

China-based Xin Feng Steel plans to invest $10 billion in Egypt to establish an integrated industrial complex to produce automotive panels and wide industrial steel panels, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir highlighted.

Updated 1/27/2026 2:34:00 PM
Egypt, Netherlands discuss cooperation in renewables, green hydrogen

Waleid Gamal El-Dien, Chairman of the Suez Canal Economic Zone (SCZONE), has met with Peter Mollema, the Netherlands' Ambassador to Egypt, to explore investment opportunities in the fields of renewable energy, green hydrogen, and sustainable development..

Updated 1/27/2026 1:26:00 PM
Adenia Partners injects 1st majority investment in Egypt via Parkville’s acquisition

Adenia Partners, a leading private equity firm focused on growth opportunities in Africa, has signed definitive agreements to acquire a majority stake in Parkville Pharmaceuticals from Admaius Capital, according to a press release.

Updated 1/27/2026 12:38:00 PM
El-Khatib outlines Egypt's foreign trade indicators for 2025

Minister of Trade and Investment Hassan El-Khatib reviewed Egypt's foreign trade indicators for 2025, based on the latest report presented by Essam El-Naggar, Chairman of the General Organization for Export and Import Control (GOEIC).

Updated 1/27/2026 10:15:00 AM
Oriental Weavers participates in Heimtextil 2026 as largest carpet exhibitor

Carpet manufacturer Oriental Weavers participated in Heimtextil 2026, an international trade fair for interior textiles and design, held from January 13th to 16th in Frankfurt, Germany.

Updated 1/26/2026 1:43:00 PM
Egypt-Switzerland trade hits $2.3B in 2025: El-Khatib

Bilateral trade volume between Egypt and Switzerland recorded $2.3 billion in 2025, Minister of Trade and Investment Hassan El-Khatib noted during the Swiss–Egyptian Economic Forum.

Updated 1/26/2026 1:30:00 PM
Egypt exports LNG shipment to Türkiye from Idku terminal via Shell

Egypt exported a new shipment of liquefied natural gas (LNG) to Türkiye from the Idku LNG plant, the Ministry of Petroleum and Mineral Resources announced on January 26th.

Updated 1/26/2026 12:23:00 PM