Read the latest news from regional and global sources, presenting different voices and perspectives.
Egypt's EGAS awards 6 blocks in Mediterranean, Nile delta, N. Sinai to international companies
Zawya
·
CAIRO - Egypt's EGAS has awarded four blocks in the Mediterranean, one in the Nile delta, and one in North Sinai to international companies, according to a petroleum ministry statement on Wednesday. Companies will invest $ 245 million to drill at...
Egyptian Amb in New Zealand Urges New Zealand Companies to Take Advantage of Opportunities Available in Egyptian Market
Egypt Independent
·
June 25, 2025
Egyptian Ambassador to New Zealand George Azer called on New Zealand companies to take advantage of opportunities and benefits available in the Egyptian market. During a virtual meeting organized by Azer in cooperation with the New Zealand Middle...
Egypt, Turkey hold political talks in Cairo
Egypt Independent
·
June 25, 2025
Egypt and Turkey held political consultations at the foreign ministry’s headquarters in the New Administrative Capital on Monday, June 23, 2025. Assistant Foreign Minister for European Affairs Wael Hamed chaired the Egyptian side, while the...
Egypt's EGAS Awards 6 Blocks in Mediterranean, Nile Delta, N. Sinai to Int’l Companies
Asharq Al-Awsat
·
June 25, 2025
Egypt's EGAS has awarded four blocks in the Mediterranean, one in the Nile delta, and one in North Sinai to international companies, according to a petroleum ministry statement on Wednesday. Companies will invest $ 245 million to drill at least 13...
EgyptAir resumes flights to Gulf countries
Egypt Independent
·
June 25, 2025
EgyptAir announced it would resume flights to Gulf countries – which had been temporarily impacted by recent regional events – with the gradual reopening of several airspaces according to a revised and constantly updating schedule. The company...
Egypt’s National Navigation back in China for more kamsarmax newbuilds
Splash 247
·
June 25, 2025
Dry CargoGreater ChinaMiddle EastShipyards National Navigation Egypt’s National Navigation Company (NNC) is continuing its fleet expansion with a fresh order for two additional kamsarmax bulk carriers. The state-owned Cairo-based owner has...
Egypt signs agreement for regional seismic survey in Southern Western Desert
Zawya
·
Arab Finance: Minister of Petroleum and Mineral Resources Karim Badawi has witnessed the signing of a new agreement to carry out a regional seismic survey in the southern Western Desert, as per a statement. The signing marks a significant step in...
Egypt: EGX ends Tuesday’s session with collective gains
Zawya
·
Arab Finance: The Egyptian Exchange (EGX) closed Tuesday’s trading session in the green zone after the EGX30 index climbed by 3.76% to 32,598.55 points. Likewise, the Sharia-compliant index, EGX33 Shariah index, went up by 3.04% to 3,381.35...
Egypt: Fawry records trading transaction on EGX for ESOP
Zawya
·
Arab Finance: Fawry for Banking Technology and Electronic Payment registered a trading transaction valued at EGP 302,374, the Egyptian Exchange (EGX) announced on June 24th. The transaction was implemented on Fawry’s 53,048 shares as part of the...
Egypt: EFG Hermes completes advisory on Vaiu’s EGX listing
Zawya
·
Arab Finance: EFG Hermes, an EFG Holding company, concluded advisory on the listing of U Consume Finance (valU) on the Egyptian Exchange (EGX) under the ticker valu, according to a press release. The listing was implemented through an innovative...
Egypt: PARAGON Developments opens its 1st regional office in Saudi Arabia
Zawya
·
Arab Finance: PARAGON Developments has opened its first regional office in Riyadh, Saudi Arabia, according to an emailed press release. This strategic expansion shows PARAGON’s commitment to spreading its expertise while backing local communities...
Egypt: Ascom plans to acquire 90% of Ostool Transport’s shares
Zawya
·
Arab Finance: The board members of Asek Company for Mining (Ascom) agreed to make a purchase offer for 90% of Ostool Transport’s shares, in exchange for EGP 641 million, according to a bourse filing. Ascom intends to buy 77.941 million shares in...
Egypt: FRA approves Dice’s capital hike
Zawya
·
Arab Finance: The Financial Regulatory Authority (FRA) greenlighted Dice Sport and Casual Wear’s capital hike, bringing the authorized capital to EGP 2.5 billion, instead of EGP 500 million, according to a bourse filing. Dice will also increase...
Egypt committed to strengthening partnerships with African nations
Zawya
·
Egypt - Mohamed El-Shimy, Minister of the Public Enterprises Sector, held a series of high-level bilateral meetings on the sidelines of the 17th US-Africa Business Summit, currently taking place in Luanda, Angola, from 22 to 25 June. El-Shimy is...
Egypt bought several hundred thousand tons of wheat for July/Aug delivery, sources say
Zawya
·
Egypt's state grains buyer, one of the world's largest wheat importers, has purchased several hundred thousand metric tons of wheat in the past weeks for delivery in July and August, traders and sources told Reuters on Tuesday. The exact volume of...
Egypt's PM revokes industrial electricity discount as of July 1
Zawya
·
Egypt - In a significant policy shift, Prime Minister Mostafa Madbouly has issued a decree cancelling the electricity price reduction granted to industrial activities since 2020. The change, effective from 1 July 2025, marks a reassessment of...
Egypt: HMZ Group launches ‘Joint’ furniture manufacturing arm with $4mln investment
Zawya
·
Egypt - HMZ Holding, the parent company of Homzmart—Egypt’s leading e-commerce furniture platform—announced on Tuesday the official launch of Joint, its newly established industrial subsidiary specialising in home furniture manufacturing and...
How Egypt’s Octane helps businesses manage fuel, vehicle-related expenses across fleets
Disrupt Africa
·
June 25, 2025
Egyptian startup Octane is a digital platform that helps businesses manage fuel and vehicle-related expenses across fleets operating in the Middle East and Africa. Founded in 2022, Octane is a Cairo-based fintech offering a closed-loop digital...
Paul Smith's Milan debut collection inspired by old Egyptian souvenir book
Female First
·
June 25, 2025
25 June 2025 Paul Smith's latest collection was inspired by an old Egyptian souvenir book from a holiday with his wife. Paul Smith's Milan debut collection inspired by old Egyptian souvenir book The 78-year-old fashion designer's S/S 2026...
Occupation to resume gas export to Jordan, Egypt within hours
Ammon News
·
June 25, 2025
Ammon News - Israel's NewMed said on Wednesday the Leviathan natural gas field that supplies gas to Egypt and Jordan, shut down nearly two weeks ago due to the Iran-Israel conflict, would resume operations in the next few hours. Two of Israel's...