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Egypt News

Renewable Energy

Egypt accelerates renewable energy targets as UK signals expanded investment engagement

Egypt and the United Kingdom have advanced discussions on expanding cooperation in renewable energy, with Cairo reaffirming ambitious clean power targets for 2030 and 2040. The dialogue underscores Egypt’s push to attract foreign capital, localize technology, and modernize grid infrastructure to support its energy transition.

Egypt | 5 days ago

Navy

Naval Group secures five-year ISS contract extension with Egyptian Navy for seven major warships

Naval Group has extended its in-service support (ISS) agreement with the Egyptian Navy for five years, covering seven frontline vessels including a FREMM frigate, two helicopter carriers and four Gowind corvettes. The deal reinforces long-term industrial cooperation and local workforce development in Egypt.

5 days ago • Egypt

Oil & Gas

Egypt advances upstream expansion with USD 121 million oil and gas agreements across Sinai, Gulf of Suez and Western Desert

Egypt has concluded three upstream oil and gas agreements totaling more than USD 121 million in investments and signing bonuses, targeting offshore and onshore exploration in North Sinai, the Gulf of Suez, and the Western Desert. The deals reinforce efforts to attract foreign capital and expand domestic hydrocarbon output.

5 days ago • Egypt

Latest News

Transportation | 4 hours ago

NHAI awards HAM-based Odisha ring road contract to H.G. Infra Engineering

India’s highway authority has issued a project award to H.G. Infra Engineering for a six-lane access-controlled ring road segment in Odisha under the HAM framework, expanding the contractor’s order book and reinforcing long-term annuity-led infrastructure development in eastern India.

Business & Corporate | 5 hours ago

AFDB commits EUR 6.5 million to Saviu II to scale early-stage tech ventures in Francophone Africa

The African Development Bank Group has approved a EUR 6.5 million commitment to the Saviu II venture capital fund to strengthen seed-stage technology financing in Francophone West and Central Africa. The investment, supported by the European Commission under Boost Africa, aims to accelerate digital entrepreneurship and regional market integration.

Industry & Manufacturing | 4 hours ago

STRABAG subsidiary ZÜBLIN wins major Codelco contracts for Chuquicamata underground expansion

STRABAG’s subsidiary ZÜBLIN has secured two large-scale contracts from Codelco to advance the underground transformation of the Chuquicamata copper mine in Chile. The project includes more than 54 kilometres of tunnelling and critical infrastructure works, with completion targeted for 2031 and a workforce of around 1,200.

Agriculture & Food | 4 hours ago

Mizoram tables ₹174.7 billion FY27 budget prioritising agriculture and connectivity

Mizoram has proposed a ₹174.7 billion budget for FY2026–27, with allocations focused on agriculture, connectivity and social infrastructure. The plan includes continued funding for farmer support programmes and supplementary grants of ₹37.24 billion for the current fiscal, reflecting a calibrated approach to fiscal management and development spending.