Egypt

Egypt business news from Cairo and Alexandria. Suez Canal updates, energy projects, North African trade, and investment intelligence from the Arab world’s largest economy.

IFC pays $111m for Morocco’s waste

The IFC approved a €95 million ($111 million) loan for Morocco's OCP Group to build a 22-million-tonne phosphogypsum storage facility…

Morocco’s OCP makes Africa’s first dollar hybrid bond

Morocco's OCP Group raised $1.5 billion through Africa's first US dollar corporate hybrid bond, 4.6 times oversubscribed with $7 billion…

Egypt opens Africa’s longest monorail line

President Sisi inaugurated the 56.5km East Nile Monorail on March 20, connecting Cairo Stadium in Nasr City to the New…

Nigeria’s gas is finally heading to Europe

After fifty years of studies, MoUs, and false starts, the Trans-Saharan Gas Pipeline has a technical team on the ground…