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Egypt: ASCOM swings to losses in 2024; consolidated revenues hit $64mln

Cairo – Asec Company for Mining (ASCOM) incurred consolidated net losses after tax valued at EGP 331.82 million in 2024, against net profits worth EGP 1.95 billion as of 31 December 2023. Revenues from contracts hiked to EGP 3.22 billion last year...

Egypt, Qatar mull boosting joint investments

Egypt, Qatar mull boosting joint investments

Arab Finance: Prime Minister Mostafa Madbouly met with Qatari Prime Minister and Minister of Foreign Affairs Mohammed bin Abdulrahman bin Jassim Al Thani in Doha, where they discussed enhancing bilateral investments, as per a statement. At the...

Egypt’s Sawiris to invest $100mln in motorbike electric conversion project in Morocco

Egypt’s Sawiris to invest $100mln in motorbike electric conversion project in Morocco

, an Egyptian electric mobility company owned by billionaire Naguib Sawiris, is preparing to enter the Moroccan market by the end of this year. The company, which specialises in electric conversion of fuel-powered motorcycles, aims to invest $100...

Pakistan, Egypt agree to boost agriculture, food security, farming cooperation

Pakistan, Egypt agree to boost agriculture, food security, farming cooperation

Business Business Pakistan, Egypt agree to boost agriculture, food security, farming cooperation Close Hussain also highlighted Pakistan’s challenges in post-harvest losses Published On: Fri, 11 Jul 2025 01:56:20 PKT ISLAMABAD (Web Desk) - Senior...

Judo on the Beach in Egypt

Judo on the Beach in Egypt

The Egyptian Judo Federation, headed by Mohamed Motei, is innovating and implementing new projects to promote judo throughout the country and so the Judo on the Beach programme was launched. Judo on the Beach in Alamein The first edition took...

Egypt: ‘Largest’ wind farm in Africa, Middle East now operational

Egypt: ‘Largest’ wind farm in Africa, Middle East now operational

Egypt has officially launched the fully operational phase of the 650MW Gulf of Suez Wind Farm II, now reportedly the largest working wind power installation in Africa and the Middle East. The developers confirmed that the final 150MW segment was...

China ready to optimize trade, expand cooperation with Egypt -- premier

CAIRO, July 10 (Xinhua) -- Chinese Premier Li Qiang said here Thursday that China is willing to work with Egypt to optimize the development of bilateral trade and create more highlights of cooperation as well as new drivers of economic growth. The...

Premier Li: China to work with Egypt to safeguard intl trade order

Premier Li: China to work with Egypt to safeguard intl trade order

Chinese Premier Li Qiang said on Thursday that China is willing to work with Egypt to safeguard economic globalization and international economic and trade order. Both countries should work to defend the common interests of developing countries...

Cairo top budget spot for Kuwaitis this summer: Wego

Wego, a leading travel app, has revealed the most popular and budget-friendly short-haul destinations for Kuwaiti travellers seeking a quick summer escape. Cairo remains the most sought-after global destination for Kuwaiti travellers, combining...

Egypt: CPME shareholders approve $56mln acquisition of Qardy, Catalyst Partners Holding

Egypt - Catalyst Partners Middle East (CPME), Egypt’s first licensed Special Purpose Acquisition Company (SPAC), said its shareholders have approved the acquisition of two financial services firms in a share-swap deal valued at EGP 2.8bn. The...

Premier Li: China eyes deeper Belt and Road cooperation with Egypt

Premier Li: China eyes deeper Belt and Road cooperation with Egypt

Chinese Premier Li Qiang said on Thursday that China is willing to strengthen Belt and Road cooperation with Egypt in such areas as economy, trade, finance, manufacturing, new energy, science and technology, and cultural and people-to-people...

Egypt: Electricity, Petroleum ministers discuss plans to boost electricity supply

Egypt: Electricity, Petroleum ministers discuss plans to boost electricity supply

Arab Finance: Minister of Electricity and Renewable Energy Mahmoud Esmat and Minister of Petroleum and Mineral Resources Karim Badawi discussed the latest developments and implemented measures to meet the rising energy demands, according to a...

Urgent: China to work with Egypt to safeguard int'l trade order -- premier

CAIRO, July 10 (Xinhua) -- Chinese Premier Li Qiang said here Thursday that China is willing to work with Egypt to safeguard economic globalization and international economic and trade order. Both countries should work to defend the common...

UN, governments must tackle Egypt’s transnational repression of journalist and activist Basma Mostafa

UN, governments must tackle Egypt’s transnational repression of journalist and activist Basma Mostafa

Transnational repression (TNR) has become a concerningly wide practice in recent years as human rights defenders, journalists and other individuals in exile face increasing threats and attacks due their work. According to a new report by the UN...

Local imam on return to Egypt: 'Going back ... is death sentence'

Local imam on return to Egypt: 'Going back ... is death sentence'

Demanding that a local Muslim leader be released from Immigration and Customs Enforcement detention on July 9, his advocates said he would be killed if returned to Egypt. That is the account that Ayman Soliman himself provided in an Instagram post...

Ancient Canaanite Donkey Sacrifice Found in Israel Reveals Egyptian Trade Ties

Ancient Canaanite Donkey Sacrifice Found in Israel Reveals Egyptian Trade Ties

Archaeologists uncover an ancient Canaanite donkey sacrifice in Israel. Credit: Elizabeth R. Arnold / CC BY 4.0 Archaeologists in Israel have uncovered rare evidence of an ancient Canaanite donkey sacrifice ritual that reveals surprising trade...

Avatr signs distribution agreement in Egypt

Avatr signs distribution agreement in Egypt

Avatr Technology Company, the upmarket battery electric vehicle (BEV) manufacturer controlled by Chinese state-owned automaker Changan Automobile Company, has signed a distribution agreement in Egypt with the local Kasrawy Group. Kasrawy Group,...

China has intention to deepen its Belt, Road cooperation with Egypt

China has intention to deepen its Belt, Road cooperation with Egypt

(MENAFN) Chinese Premier Li Qiang has expressed China’s intention to deepen its Belt and Road cooperation with Egypt, focusing on sectors such as trade, finance, manufacturing, new energy, science and technology, and cultural exchange. In a...

Can the Egyptian sweet potato industry maintain its value amid surging volumes?

Can the Egyptian sweet potato industry maintain its value amid surging volumes?

The 2025/26 season for Egyptian sweet potatoes starts in a few days. The industry has seen a steady increase in volumes in recent years, raising questions about the level of supply it can achieve while maintaining its value. Prices have been an...

Egypt: Deaths and injuries, telephone and internet disruptions in Ramses Mall fire

Egypt: Deaths and injuries, telephone and internet disruptions in Ramses Mall fire

Facebook Twitter LinkedIn WhatsApp The Egyptian National Telecommunications Regulatory Authority (NTRA) revealed that the fire that broke out at the Ramses Mall in downtown Cairo on Monday, July 7, 2025, started in a technical room on the seventh...

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