IFC considers up to $120M financing for Egypt's Gabal El Zeit wind farm

The International Finance Corporation (IFC) is considering providing up to $120 million in debt financing for the acquisition, operation, and maintenance of 580-megawatt (MW) Gabal El Zeit wind farm i...

Egypt seeks to expand mining partnerships with Saudi Arabia, Congo

World Bank plans initial financing to support Egypt’s mining sector

Egypt signs MoU with Finland’s Metso to develop mineral processing

AngloGold Ashanti applies for 19 gold exploration areas in Egypt: CEO

Latest News

Fawry, Congineer partner to link retail management with digital payments Updated 5h22m

Australia’s Worley eyes expanded role in Egypt’s mining projects Updated 8h27m

Egypt moves to curb raw phosphate exports, boost mineral resources: Hashem Updated 9h25m

Bank NXT signs EGP 2.1B facility with Ezz Elarab Elsewedy Investments for automotive expansion Updated 9h27m

Korra Energi, TMEIC sign power systems partnership for data centers, industry Updated 9h35m

Madinet Masr awards EGP 1.38B in Origami construction contracts Updated 9h48m

Egypt seeks to expand mining partnerships with Saudi Arabia, Congo Updated 10h18m

Egypt signs MoU with Finland’s Metso to develop mineral processing Updated 11h41m

World Bank plans initial financing to support Egypt’s mining sector Updated 12h50m

IFC considers up to $120M financing for Egypt's Gabal El Zeit wind farm Updated 13h15m

Macroeconomy

Gold prices collectively fall on September 29

Gold prices continued to fall on Tuesday, September 29, according to Dahab Masr by 3:30 PM.

EGX indices flag in red on Monday

Egypt's private sector accounts for 65% of total investments: Farid

Gold extends losses as higher yields lift holding costs

Finance and Banking

Fawry, Congineer partner to link retail management with digital payments

Fawry has partnered with retail technology provider Congineer to connect business management systems with digital payments for merchants in Egypt, as per an emailed press release.

USD above EGP 52 at local banks on September 29

Bank NXT signs EGP 2.1B facility with Ezz Elarab Elsewedy Investments for automotive expansion

USD strengthens against EGP at local banks on September 28

Real Estate and Tourism

Madinet Masr awards EGP 1.38B in Origami construction contracts

Madinet Masr has awarded construction contracts worth approximately EGP 1.38 billion to several contractors for Origami, part of its Taj City development, as per a disclosure.

Majid Al Futtaim launches ELMNT33° at Mall of Egypt with EGP 457M investment

Creast Mark for Contracting sees EGP 57.8M block-trading deal

Madinet Masr, Zahraa Maadi terminate EGP 11.4B New Heliopolis project agreement

Automotive and Transportation

UAE-based Al Futtaim plans expansion in Egypt’s logistics, energy sectors

UAE-based Al Futtaim Group intends to increase investments and explore new opportunities in several sectors in the Egyptian market, CEO Omar Al Futtaim said.