Minor Hotels announced signing Anantara Somabay Resort & Residences in Egypt marking strategic expansion Opening May 2030 the project will include 300 hotel keys and 150 branded residential units on the Red Sea coastal development.
Egypt has announced a new natural gas discovery in the Nile Delta, with projected production of 50 million cu ft per day (mmcf/d) following the drilling of the exploratory well (Nidoco N-2) in the West Abu Madi area, co-operated by Italy’s Eni and the UK’s British Petroleum.
Qatar-based Green Sky Capital has signed the financing deal for a landmark sustainable aviation fuel production facility on a 100,000-sq-m site within the Suez Canal Economic Zone in Egypt. The engineering, procurement and construction contract for the project has been awarded to French group SeaOwl.
EFG Hermes, an EFG Holding company and the leading investment bank in MENA, has announced that it has been appointed sole global coordinator and sole bookrunner for the planned initial public offering of Misr Life Insurance on the Egyptian Exchange.
Air Arabia Egypt will launch non-stop flights between Alexandria and Amman starting June 15, 2026, connecting Borg Al Arab Airport and Amman Airport with four weekly flights, offering affordable, convenient travel between Egypt and Jordan.
QatarEnergy signed an MoU with Egypt and ExxonMobil to explore Cyprus gas development and commercialisation via Egypt’s LNG infrastructure, strengthening Egypt’s role as an Eastern Mediterranean gas hub.
Ministry of Petroleum and Mineral Resources said Agiba Petroleum Company made its largest discovery in 15 years in Egypt’s Western Desert, with estimated reserves of 330 billion cubic feet of gas and 70 million barrels of oil equivalent.
The International Air Transport Association (IATA) highlighted Egypt’s strong aviation growth outlook, forecasting annual passenger demand growth of 3.4% to 3.8% through 2050, while urging government-industry collaboration on infrastructure, regulation, and sustainability initiatives.
Magrabi Retail, a leading eyewear retailer in the Middle East, has announced the proposed acquisition of 51% of the issued share capital of the Baraka Optics Group, one of the largest premium optical retail chains in Egypt.
AroyaCruises will resume Mediterranean cruises in summer 2026 after strong regional demand. Departing from Galataport Istanbul, the seven-night itineraries will visit destinations across Türkiye, Greece, and Egypt.
