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Egypt Bets on Export-Led Manufacturing with $15m Garment Investment
Egypt has approved a US$15 million investment by Karnak Textile for Ready-Made Garments to establish a new export-oriented factory in Sadat City’s CPC Industrial Complex, underscoring Cairo’s strategy of expanding labour-intensive manufacturing as global apparel supply chains continue to diversify beyond traditional Asian production centres. Approved under E
Egypt Attracts More Than $1.1bn in New Hospitality Investment for Sharm El Sheikh
International and regional investors have committed more than US$1.1 billion (approximately EGP55 billion) to new hospitality developments in Sharm El Sheikh, reinforcing Egypt’s strategy to expand tourism capacity and attract higher international visitor numbers as the sector continues to underpin economic growth and foreign currency earnings. The investmen
Saudi Arabia’s Jeddah Port Expansion Reinforces Red Sea Logistics Strategy
Saudi Arabia is accelerating its ambition to become one of the world’s leading logistics centres after the Saudi Ports Authority (Mawani) announced additional investments exceeding SAR641 million (US$171 million) in Jeddah Islamic Port over the past three months, strengthening infrastructure at the Kingdom’s principal maritime gateway amid growing regional d
Egypt, UAE Leaders Deepen Strategic Coordination During El Alamein Summit
NEW EL ALAMEIN CITY, Egypt, July 12 — President Abdel Fattah El-Sisi welcomed UAE President Sheikh Mohamed bin Zayed Al Nahyan to New El Alamein City on Sunday for a fraternal visit that underscored the depth of the strategic partnership between the two countries amid heightened geopolitical uncertainty across the Middle East. Receiving the UAE […] The post
Egypt Advances Clean Energy Push Through Solar, Storage and Grid Investments
Egypt is accelerating the deployment of renewable energy through a series of coordinated investments in solar generation, battery storage and electricity transmission infrastructure, reinforcing its strategy to diversify the national energy mix, enhance grid resilience and attract long-term private investment. The African Development Bank (AfDB) has approved
Wizz Air Opens 27 Weekly Poland Routes to Egypt’s Red Sea Resorts
Egypt has strengthened its drive to expand European tourism arrivals after Wizz Air launched 27 weekly flights from Poland to the Red Sea resorts of Marsa Alam, Hurghada and Sharm El-Sheikh, adding capacity expected to support hotel occupancy, tourism receipts and foreign-currency inflows. The programme, which began in July, includes 11 weekly flights to Mar
Wizz Air Opens 27 Weekly Poland Routes to Egypt’s Red Sea Resorts
Egypt has strengthened its drive to expand European tourism arrivals after Wizz Air launched 27 weekly flights from Poland to the Red Sea resorts of Marsa Alam, Hurghada and Sharm El-Sheikh, adding capacity expected to support hotel occupancy, tourism receipts and foreign-currency inflows. The programme, which began in July, includes 11 weekly flights to Mar
Egypt Advances Clean Energy Push Through Solar, Storage and Grid Investments
Egypt is accelerating the deployment of renewable energy through a series of coordinated investments in solar generation, battery storage and electricity transmission infrastructure, reinforcing its strategy to diversify the national energy mix, enhance grid resilience and attract long-term private investment. The African Development Bank (AfDB) has approved
Egypt, UAE Leaders Deepen Strategic Coordination During El Alamein Summit
NEW EL ALAMEIN CITY, Egypt, July 12 — President Abdel Fattah El-Sisi welcomed UAE President Sheikh Mohamed bin Zayed Al Nahyan to New El Alamein City on Sunday for a fraternal visit that underscored the depth of the strategic partnership between the two countries amid heightened geopolitical uncertainty across the Middle East. Receiving the UAE leader […] Th
Egypt Attracts More Than $1.1bn in New Hospitality Investment for Sharm El Sheikh
International and regional investors have committed more than US$1.1 billion (approximately EGP55 billion) to new hospitality developments in Sharm El Sheikh, reinforcing Egypt’s strategy to expand tourism capacity and attract higher international visitor numbers as the sector continues to underpin economic growth and foreign currency earnings. The investmen
Saudi Arabia’s Jeddah Port Expansion Reinforces Red Sea Logistics Strategy
Saudi Arabia is accelerating its ambition to become one of the world’s leading logistics centres after the Saudi Ports Authority (Mawani) announced additional investments exceeding SAR641 million (US$171 million) in Jeddah Islamic Port over the past three months, strengthening infrastructure at the Kingdom’s principal maritime gateway amid growing regional d
Egypt Bets on Export-Led Manufacturing with $15m Garment Investment
Egypt has approved a US$15 million investment by Karnak Textile for Ready-Made Garments to establish a new export-oriented factory in Sadat City’s CPC Industrial Complex, underscoring Cairo’s strategy of expanding labour-intensive manufacturing as global apparel supply chains continue to diversify beyond traditional Asian production centres. Approved under E
Sudan Turns to China to Modernise Red Sea Ports as Beijing Expands Strategic Maritime Presence
Sudan has signed a memorandum of understanding (MoU) with China’s China Harbour Engineering Company (CHEC) to modernise its Red Sea ports, marking a significant step in Khartoum’s efforts to revive critical trade infrastructure and strengthen its role in regional logistics. The agreement also reinforces China’s long-standing infrastructure partnership with S
China Joins Elite Space Powers with Historic Orbital Booster Recovery
China has moved a significant step closer to challenging US leadership in reusable launch technology after successfully recovering an orbital rocket booster for the first time, a milestone expected to reduce future launch costs, strengthen Beijing’s commercial space ambitions and intensify global competition in one of the world’s fastest-growing high-technol
Saudi-US Partnership Targets $500m to Advance Kingdom’s Biotechnology Ambitions
Saudi Arabia has unveiled a strategic biotechnology partnership expected to facilitate up to US$500 million in investments as the Kingdom accelerates efforts to build a globally competitive life sciences industry under its Vision 2030 economic diversification programme. Saudi-based Najashi Holding and US biotechnology company Y-Innovation Group have launched
Tatweer Medical Plans $100m Investment to Expand Egypt’s Medical Technology Manufacturing
Tatweer Medical Industries, a subsidiary of El Ezaby Medical, and China’s Mindray plan to invest more than US$100 million over the next three years to expand medical device manufacturing in Egypt, supporting the localisation of advanced diagnostic equipment and positioning the country as a regional production and export hub for healthcare technologies. Egypt
AMEA Power Advances Talks on Three Egypt Desalination Plants
Egypt is set to attract another major Gulf infrastructure investment as UAE-based AMEA Power enters advanced negotiations with the Egyptian government to develop three seawater desalination plants with a combined production capacity of approximately 300,000 cubic metres per day, equivalent to supplying potable water for around one million people, depending o
China Dominates Global Banking While MENA Lenders Strengthen Regional Standing
China has further consolidated its position at the pinnacle of global banking, with seven Chinese lenders occupying the world’s top 10 positions by Tier 1 capital, including the world’s four largest banks, according to The Banker’s Top 1000 World Banks 2026. Compiled annually by The Banker, a Financial Times publication, the ranking is widely regarded as the