Egypt taps on IFC to advise on IPO program

Egypt signed Sunday a five-year agreement with the International Finance Corporation (IFC) to advise on its Initial Public Offering (IPO) program under which dozens of state-run companies will be listed on the stock market. The World Bank’s for the Empowerment of the Private Sector will act as a strategic advisor to the government for the […]

Egypt: Production of Zohr oil field to hit 3bn feet per day in 2019

The production of Zohr oil field will reach more than three billion feet per day in 2019. The announcement was made Wednesday by Egyptian Minister of Petroleum and Mineral Wealth Tarek el Mullaa at a meeting of the general assembly of PetroShrouk oil company. What has been achieved in Zohr oil field is unprecedented in […]

Bayt Mal Al-Quds Agency invests $4.2 Million in 2024 to support projects in Palestine

Bayt Mal Al-Quds Agency, the executive arm of the Al-Quds Committee, Chaired by King Mohammed VI, invested $4.2 million in 2024 in projects and programs supporting the Palestinian people. According to the Agency’s 2024 annual report, the implemented projects were distributed across various sectors, with 31% allocated to social assistance programs, 19% to arts, heritage, […]