{
}
Shell Egypt is investing USD 300 million in collaboration with Petronas to drill three new gas wells in the West Delta Deep Marine concession, aiming to develop an additional 90 billion cubic feet of gas. Production from the first well is expected to start in 2025, as Shell expands its offshore exploration and prepares for new drilling in the Mediterranean by 2026. This initiative supports Egypt's energy goals and reinforces Shell's commitment to boosting gas production amid fluctuating levels.
Rania Nerhal, Mashreq’s Chief Client Experience & Conduct Officer, has been recognized as one of Finance Middle East’s Top 26 most influential women in finance for 2025. With over 25 years of experience, she has significantly enhanced client experiences and ethical business conduct, leading to a notable rise in the bank's Net Promoter Score.Her strategic vision focuses on leveraging digitization, AI, and operational efficiency to deliver superior customer interactions, while also driving digital transformation to meet evolving customer expectations. Under her leadership, Mashreq has strengthened customer loyalty and expanded its market presence, contributing to financial inclusion efforts.
Egypt's fintech sector is rapidly evolving, with over 170 companies enhancing financial inclusion through innovative digital wealth management and investment platforms. Key players include Thndr, Azinvest, Bokra, Valu, and Fawry, each offering unique services that empower users to invest and manage their finances effectively. Thndr, for instance, has surpassed 3 million downloads and processed $1.8 billion in trading volume, while Fawry has expanded its offerings to include a tax-free investment fund, highlighting the growing intersection of digital payments and investment solutions in the region.
Egypt's fintech sector is rapidly evolving, with over 170 companies enhancing financial inclusion through innovative digital wealth management and investment platforms. Key players include Thndr, Azinvest, Bokra, Valu, and Fawry, each offering unique services that empower users to invest and manage their finances effectively. Thndr, for instance, has surpassed 3 million downloads and processed $1.8 billion in trading volume, while Fawry has expanded its offerings to include a tax-free investment fund, highlighting the growing intersection of digital payments and investment solutions in the region.
Egypt is set to receive a USD 1.2 billion loan tranche from the IMF, following the approval of its fourth disbursement under an extended support program. The IMF acknowledges Egypt's economic reforms, including reduced inflation and rising foreign reserves, while reaffirming the country's commitment to lifting fuel subsidies by December 2025, supported by favorable global oil prices. Future program reviews are planned to ensure continued progress amidst ongoing economic challenges.
Egypt is set to receive a USD 1.2 billion loan tranche from the IMF, following the approval of its fourth disbursement under an extended support program. The IMF acknowledges Egypt's economic reforms, including reduced inflation and rising foreign reserves, while reaffirming the country's commitment to lifting fuel subsidies by December 2025, supported by favorable global oil prices. Future program reviews are planned to ensure continued progress amidst ongoing economic challenges.
The International Finance Corporation (IFC) is providing a USD 30 million loan to Kazyon Group to support its expansion in Morocco's grocery retail sector. This initiative aims to increase Kazyon's store network and warehousing, creating over 3,000 direct jobs while enhancing food accessibility for low-to-middle-income consumers. Kazyon, established in 2014, currently operates more than 150 stores in Morocco and is committed to making nutritious food more accessible.
The International Finance Corporation (IFC) is providing a USD 30 million loan to Kazyon Group to support its expansion in Morocco's grocery retail sector. This initiative aims to increase Kazyon's store network and warehousing, creating over 3,000 direct jobs while enhancing food accessibility and safety for low-to-middle-income consumers. Kazyon, established in 2014, operates over 150 stores in Morocco and is committed to providing affordable groceries, particularly in underserved regions.
Saudi Arabia's startup ecosystem is thriving, with five startups achieving unicorn status and 35 more on the verge, driven by government initiatives under Vision 2030. Key programs like the Tomooh Program and the Billion-Dollar Companies Incentive Program are facilitating access to funding, mentorship, and international market opportunities, reinforcing the nation's position as a regional innovation hub.
Saudi Arabia's startup ecosystem is thriving, with five startups achieving unicorn status and 35 more on the verge, driven by government initiatives under Vision 2030. Key programs like the Tomooh Program and the Billion-Dollar Companies Incentive Program are facilitating access to funding, mentorship, and international market opportunities, reinforcing the nation's position as a regional innovation hub.
EGY
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Shell Egypt invests 300 million dollars to enhance gas production capacity
11:13 13.03.2025
Rania Nerhal recognized as a leading figure in finance for 2025
United States Dollar
CREDIT AGRICOLE
Commercial Bank of Dubai PSC
Mashreqbank PSC
Abko Co., Ltd.
ARE
EGY
Rania Nerhal
Show more
08:35 13.03.2025
emerging digital wealth and investment apps transforming egypt's financial landscape
05:00 13.03.2025
emerging digital wealth and investment apps transforming egypt's financial landscape
05:00 13.03.2025
Egypt to receive 1.2 billion loan tranche as fuel subsidy reforms continue
11:33 12.03.2025
Egypt to receive 1.2 billion loan tranche as fuel subsidy reforms continue
11:33 12.03.2025
IFC supports Kazyon's expansion in Morocco with 30 million dollar loan
United States Dollar
International Finance Corporation Corp.
EGY
MAR
Hassan Heikal
Cheick Oumar Sylla
09:35 12.03.2025
ifc supports kazyon's morocco expansion with 30 million dollar loan
United States Dollar
International Finance Corporation Corp.
MAR
EGY
Cheick Oumar Sylla
Hassan Heikal
09:35 12.03.2025
Saudi Arabia's startup ecosystem thrives with new unicorns and funding initiatives
19:05 11.03.2025
Saudi Arabia's startup ecosystem thrives with new unicorns and investment initiatives
19:05 11.03.2025
Trending
Subcategory
Industry Trends
Corporate News
Supply Chain Management
Global Trade Developments
Startups & Entrepreneurship
Government Economic Policies
Industry Mergers & Acquisitions
Retail and Consumer Goods
Finance Mergers & Acquisitions
Financial Scams and Security
Fintech Startups
Emerging Startups
Workplace Trends
Venture Capital Investments
Cryptocurrency Trends
Funding Rounds & Investments
Energy Sector Developments
CEO Changes
Market Analysis and Predictions
Stock Market Updates
Countries:
Companies:
Apple Inc.
Google Inc.
NVIDIA Corporation
Delhivery Limited
Ecom Express Ltd.
Alphabet Inc.
OpenAI ERC USD
Ciscom Corp.
ERICSSON - CLASS B
Physicswallah Ltd.
Learning Resources Inc.
MGA Entertainment Inc.
State Street Global Advisors Luxembourg SICAV - SSGA EMU ESG Screened Equity Fund
Snap Inc.
Tiktok USD
Semiconductor Manufacturing International Corporation
Hua Hong Semiconductor Ltd.
Spotify Technology S.A.
Dropbox, Inc.
Vimeo, Inc.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Vietnamese Đồng
New Taiwan Dollar
United Arab Emirates Dirham
Russian Ruble
South Korean Won
Pakistani Rupee
Algerian Dinar
Australian Dollar
Thai Baht
Japanese Yen
Saudi Riyal
People:
Donald Trump
Ilya Sutskever
Peter Thiel
Amal El Fallah Seghrouchni
Trixie Lohmirmand
Scott Bessent
Jamieson Greer
Joe Jurken
Stephen Roachford
David French
Rick Woldenberg
Marc Rosenberg
Isaac Larian
Hichem Djouhri
Laurina Emmanuel
Tim Cook
Andrew Ferguson
Sheryl Sandberg
Mark Zuckerberg
Pavel Prass