Egypt signs Gabal El-Zeit wind farm agreement
Prime Minister Moustafa Madbouly witnessed the signing of investment, operation, and power purchase agreements for the 580-megawatt Gabal El-Zeit wind power plant on Tuesday. The agreement, signed by Egypt’s New and Renewable Energy Authority, the Egyptian Electricity Transmission Company (EETC), and Alcazar Energy, secures a $420 million foreign investment from Alcazar Energy. The project […]
Egypt reaffirms private sector-led growth model in talks with EBRD
Egypt’s FM Badr Abdelatty meets with Odile Renaud Basso, President of the European Bank for Reconstruction and Development (EBRD) on the sidelines of EBRD’s 35th Annual Meeting in Riga, Latvia. Cabinet CAIRO – 6 June 2026: Egypt said it remains committed to a private sector-led growth model, as it seeks to expand investment opportunities and […]
Korra Energi revises private placement coverage to 3.02 times after final review
Korra Energi has issued a correction regarding the coverage of its private placement in the Egyptian Exchange offering, revising the ratio to 3.02 times, down from a previously announced 5.7 times. In a disclosure to the Egyptian Exchange (EGX), the company said the adjustment followed a final review of subscription payments in coordination with Prime […]
EGX ends session in green as small- and mid-caps outperform blue chips
The Egyptian Exchange (EGX) ended Thursday’s trading session on a broadly positive note, with all major indices closing higher, supported by strong buying from Egyptian investors and selective momentum in small- and mid-cap stocks. The benchmark EGX30 edged up 0.17 percent to 52,652 points, while the Sharia index gained 0.4 percent to 5,922 points. The […]
Egypt, Japan discuss cooperation on Cairo airport, metro line 4 development
Egypt looks to enhance cooperation with the Japan International Cooperation Agency (JICA) to develop Cairo International Airport and Cairo Metro line four, the foreign minister said on Thursday. The planned development would support the growing influx of tourists to Egypt, Minister of Foreign Affairs Badr Abdelatty told JICA President Akihiko Tanaka during a meeting in Tokyo, […]
Egypt condemns Iran strikes on Bahrain, Kuwait after attacks kill one
Egypt condemned the Iranian attacks on both Kuwait and Bahrain on Wednesday, calling them a “dangerous escalation” that endangers the Arab Gulf security and stability. In separate statements, the Egyptian foreign ministry expressed solidarity with Kuwait and Bahrain in the face of the attacks, backing all measures taken by them to protect their people, safeguard […]
Egypt seeks continued Japanese JBIC support for Samurai bond issuance
Egypt is seeking continued Japanese support for Samurai bond issuance and deeper economic cooperation with Japan, Foreign Minister Badr Abdelatty said during talks in Tokyo on Wednesday. Abdelatty met Nobumitsu Hayashi, Governor of the Japan Bank for International Cooperation (JBIC), as part of his bilateral visit to Japan, discussing ways to strengthen economic and investment […]
Egypt, China extend currency swap deal for three more years
Egypt and China have extended their currency swap agreement for another three years, according to Reuters. The renewed agreement has been increased to 30 billion yuan, equivalent to around $4.43 billion or LE 203 billion, compared to the previous value of 18 billion yuan, or nearly LE 80.7 billion. In a statement issued on Wednesday, […]
Egypt, Green Climate Fund launch infrastructure partnership
Egypt initiated coordination with the Green Climate Fund’s (GCF) new regional office in the Ivory Coast on Monday to maximize its share of regional climate programs and strengthen continental defenses against extreme weather. The talks centered on the Africa Finance Corporation’s (AFC) Climate Resilient Infrastructure Program (ICRF). Egypt’s national GCF committee emphasized that these regional […]
Egypt condemns Iranian attacks on Kuwait
Egypt strongly condemned the repeated Iranian attacks targeting Kuwait on Monday, labeling them a “flagrant violation” of Kuwaiti sovereignty and a dangerous escalation threatening Gulf security. In a Monday statement, the Foreign Ministry rejected any actions violating international law and the UN Charter. Cairo affirmed its full solidarity with Kuwait, backing all measures taken by […]