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.
Abu Dhabi-based Modon Holding and Montage Hotels & Resorts will launch Montage Ras El Hekma in Egypt’s Ras El Hekma, featuring branded residences, 200 guestrooms, 96 residences, luxury wellness, dining, retail, and beachfront lagoons.
Dana Gas reported Q1 2026 net profit of AED270 million ($74 million), up 72% year-on-year, driven by a one-off Kurdistan gas adjustment, while revenue rose to AED531 million amid higher production and gas sales in Egypt and Iraq.
Multinational commodities trader Trafigura, together with the Egyptian Aluminium Company and Metallurgical Industries Holding Company, has entered exclusive negotiations to co-finance and develop a major new aluminium complex in Egypt.
