EFG Hermes, an EFG Holding company and a leading investment bank in the Mena region, has announced the successful closing of an E£5.1 billion corporate bond issuance for EFG Corp-Solutions. The transaction marks the largest corporate bond issuance ever completed in Egypt’s debt capital market.
Bahrain's national carrier Gulf Air has announced the launch of its seasonal flights to El Alamein, Egypt, further strengthening air connectivity between the kingdom and Egypt. El Alamein is one of Gulf Air’s summer tourist hubs along with top European hotspots Geneva, Malaga, and Nice.
Egypt and the European Union are strengthening their strategic energy partnership with a financing package of up to €690 million ($801 million) to upgrade and expand Egypt’s electricity grid. The funding includes a €600 million loan from EIB Global and up to €90 million in European Commission grants.
Egypt and the UAE have discussed expanding energy cooperation, focusing on increased Emirati investment in petroleum, aviation fuel, and exploration activities, alongside plans to establish a joint working group to advance sector opportunities.
Leading regional developer Hassan Allam Holding is introducing Grova EastHills, its first signature mixed-use, single-family-only community in Egypt, thus marking a new chapter for the group. Set across 300 acres of naturally elevated terrain in East Cairo, the project features a unique approach to community living.
Sungrow, in partnership with ACO and Korra Energi, has commissioned a 1.4 MWp solar system at the Esh El Mallaha petroleum facility in Hurghada, addressing persistent energy challenges in Egypt’s remote oil and gas operations.
Strohm has won its first contract in Egypt to supply a 2,000-metre thermoplastic composite pipe (TCP) flowline for a West Delta Deep Marine (WDDM) project operated by Burullus Gas Company, a joint venture between EGAS, Shell, and Petronas.
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.
