Home / Regions / Africa / Egypt

Egypt News

Logistics

ASEC Cement awards EGP 110 million logistics contract to OSTOOL amid construction demand growth

ASEC Cement has entered a five-year transportation agreement worth EGP 110 million with OSTOOL Transport to distribute bagged and bulk cement across Egypt. The partnership is designed to streamline logistics operations, strengthen supply chain efficiency, and support rising demand from the country's construction sector.

Egypt | 3 days ago

Oil & Gas

Oceaneering wins integrated Offshore installation contract for Egypt's WDDM gas field

Oceaneering’s Offshore Projects Group has been awarded an integrated offshore installation contract by Burullus Gas Company for the West Delta Deep Marine gas field offshore Egypt, including transport, installation, and commissioning of a refurbished umbilical and a 2,000-meter TCP flowline, with work expected to generate meaningful revenue in 2026.

3 weeks ago • Egypt

Investments & Funding

World Bank approves $1 billion for Egypt reforms to boost private sector jobs

The World Bank Group has approved US$1 billion in financing for Egypt, including a US$200 million credit guarantee from the UK, to support private sector-led job creation, macroeconomic resilience, and green transition. The GROWTH II DPF backs reforms in state-owned enterprise governance, tax policy, and social safety net integration, following exchange-rate unification and fiscal discipline measures.

4 weeks ago • Egypt

Power & Utilities

GE Vernova to modernise two Egyptian power plants with AGP upgrades

GE Vernova has received an order from Middle Delta Electricity Production Company to modernise the Banha and Nubaria power plants in Egypt. The project includes Advanced Gas Path upgrades for two 9F gas turbines at Banha, along with 15-year and 8-year service agreements, aiming to improve efficiency by approximately 2%.

1 month ago • Egypt

Renewable Energy

EBRD approves USD 65 million for Egypt’s solar-plus-storage infrastructure project

The European Bank for Reconstruction and Development has committed USD 65 million to finance a hybrid 200 MW solar plant and 120 MWh battery storage facility in Aswan, Egypt. This initiative, developed by HAU Energy, marks a critical step in stabilizing the national grid while advancing the country's transition toward a low-carbon energy infrastructure.

2 months ago • Egypt

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.

4 months 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.

4 months ago • Egypt

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.

4 months ago • Egypt

Latest News

Defence | 17 hours ago

RTX scales missile defense manufacturing capacity in Rhode Island to meet surging global demand

RTX is injecting $100 million into its Rhode Island operations to scale production of Patriot missile components and accelerate testing for the Lower Tier Air and Missile Defense Sensor. This strategic expansion aims to fulfill escalating international defense contracts and counter advanced aerial threats.

Infrastructure | 3 days ago

Centre approves ₹16.63 billion infrastructure upgrade for Kerala NH project

The Indian government has granted administrative and technical clearance for the initial phase of the Kollam-Theni National Highway expansion. Valued at ₹16.63 billion, the 24-month project will widen a crucial 54.37-kilometer corridor to four lanes using the Engineering, Procurement, and Construction framework.

Agriculture & Food | 17 hours ago

European Commission authorizes Spain to deploy €25 million fisheries fuel subsidy amid Middle East supply shocks

The European Commission has approved a €25 million Spanish state aid program to subsidize diesel costs for the commercial fishing sector. Running until late 2026, the initiative aims to stabilize primary seafood production margins against elevated energy expenses driven by geopolitical disruptions in the Middle East.

Business & Corporate | 17 hours ago

Healthcare Holding Schweiz AG broadens European medical footprint with acquisition of Compet Medical AG

Healthcare Holding Schweiz AG has finalized the acquisition of Schindellegi-based Compet Medical AG, an established distributor of harm reduction and low-threshold clinical supplies. The transaction expands the purchasing entity's logistics network across Switzerland, Germany, and Austria.