}

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Egypt recovers EGP 1.2B in state assets: Kouchouk

Egypt has recovered state assets valued at EGP 1.2 billion and allocated an additional EGP 1.4 billion for the treasury through the Asset Recovery and Seizure Management Authority, Minister of Finance Ahmed Kouchouk said.

Updated 3/24/2026 10:03:00 AM
Faisal Islamic Bank of Egypt’s business volume up 9.2% YoY end-April

Faisal Islamic Bank of Egypt (FAIT) reported a 9.2% year-on-year (YoY) increase in total business volume at the end of April 2025.

Updated 5/22/2025 11:29:00 AM
Energean’s assets sale in Italy, Egypt, Croatia set to close by year-end

The sale of London-based Energean’s portfolio of gas-weighted exploration and production (E&P) assets in Italy, Egypt, and Croatia to the global investment firm Carlyle is expected to be completed by the end of 2024.

Updated 11/7/2024 10:06:00 AM
El-Khatib, TSFE discuss optimizing returns on state-owned assets

The Minister of Investment and Foreign Trade Hassan El-Khatib has met with members of The Sovereign Fund of Egypt (TSFE) to discuss ways to maximize returns on state-owned assets.

Updated 10/28/2024 1:22:00 AM
Carlyle Group acquires assets of Energean in Egypt

The global investment firm Carlyle Group has acquired assets of the Greek Energean PLC in Egypt, Italy, and Croatia.

Updated 6/26/2024 10:39:00 AM