News

BP’s Major Oil and Gas Discovery in Egypt

BP has made a major oil and natural gas discovery in the King Mariout offshore block in Egypt’s northern Mediterranean, confirmed by Egypt’s Prime

Apache to boost Egypt’s natural gas production with $60mln drilling plan in March

The American company Apache plans to invest $3.5 billion in Egypt over the next five years for exploration and production in the Western Desert.

IMF to provide Egypt with US$1.3 billion in new funds

The International Monetary Fund (IMF) plans to provide Egypt with $1.3 billion in additional funding under the Resilience and Sustainability Program,

Egypt plans to reduce customs clearance time to save 284 million dollars

On Monday, 13th January 2025, H.E. Hassan ElKhatib, Egyptian Minister of Investment and External Trade announced that Egypt will launch two phases

EU & Egypt Discuss 2nd phase of the EU’s Macro-Financial Assistance

The second phase of the Macro-Financial Assistance mechanism by the European Union (EU), includes 4 billion euros in budget support and 1.8 billion

BSH company establishes 1st African factory in 10th of Ramadan City

The facility plans to split its production evenly, with 50 percent dedicated to exports targeting Middle Eastern and African markets, and the other 50

Egypt has secured the first installment of a EUR1 billion (EGP billion 52) financial package from the European Union (EU)

 

Egypt leads African startup landscape with $329M raised in 2024

In 2024, Egypt maintained its leadership in Africa's startup ecosystem, securing more than a third of the continent's total venture capital funding

Egyptian Minister of Investment and Foreign Trade Meeting with German Vice-Chancellor and Federal Minister for Economic Affairs and Climate Action

Hassan El Khatib, Egypt’s Minister of Investment and Foreign Trade, and Robert Habeck, Germany's Vice Chancellor and Minister of Economy and Climate

Signing Ceremony between the Egyptian Commercial Representation Authority and NRW Global Business

On 30th November 2024, a cooperation declaration between the Egyptian Commercial Representation Authority and North Rhine-Westphalia (NRW) Global