Egypt partners with UAE, China to launch 2GW solar energy factories

CAIRO – 21 November 2024: Egypt has signed a Memorandum of Understanding (MoU) with UAE-based Global South Utilities and China’s JA Solar to establish two solar energy factories. The signing ceremony, held in the presence of Prime Minister Mostafa Madbouly …

Egypt, UAE’s Masdar sign MoUs to set up 7.8GW solar energy projects

CAIRO – 21 November 2024: The Future of Egypt Authority for Sustainable Development has partnered with the UAE’s Masdar Company for Renewable Energy to sign two landmark Memoranda of Understanding (MoUs). These agreements aim to establish a 5 GW floating …

Egypt's Supreme Council for Media sets 5 recommendations to combat rumors, fake news

CAIRO - 21 November 2024: The Supreme Council for Media, headed by journalist Karam Gabr, set five recommendations to confront the spread of false news.   This took place during the launch conference of the initiative "The role of the internal …

Egypt considers new submarine acquisitions

The Egyptian Navy has experienced a significant period of capability growth in recent years, with French, German and Italian shipyards all beneficiaries of major orders. Now, the Egyptian Navy is looking to progress a long-standing requirement for a new …

Egypt: Petroleum Ministry restores natural gas delivery installment plan

The Ministry of Petroleum and Mineral Resources has reinstated the installment payment option for the cost of delivering natural gas to homes, as per a statement. Customers can now pay in installments over seven years through their monthly consumption …

Egypt's Rejan Developments launches mixed-use project in New Cairo

Rejan Developments has announced the launch of its commercial project, Seen, in New Cairo, with a total investment of 1.5 billion Egyptian pounds ($30 million), the company’s chairman Hassan Hassanein said. The 6,000-square-metre development will feature …

UAE signs several MoUs to develop energy projects in Egypt

The United Arab Emirates (UAE) and Egypt have signed a series of Memoranda of Understanding (MoUs) to develop energy projects in Egypt, at the headquarters of the Egyptian parliament at the New Administrative Capital. These agreements align with the two …

Egyptian government sells 30% stake in United Bank of Egypt

AK&M 21 November 2024 15:50 The Egyptian government has begun selling a stake in the state-owned United Bank of Egypt as part of an IPO worth $104 million. This was reported in a press release from the Egyptian Stock Exchange (EGX). The IPO is the …

Libyan participation in Egypt International Dates Exhibition 2024

Egypt to launch card tokenisation in 2025 to bolster digital payment security

The Central Bank of Egypt (CBE) will launch card tokenisation in 2025, strengthening payment security. Tokenisation will replace card details with unique digital identifiers, reducing fraud risk. This move aligns with regional and global trends in …