Thursday, October 29, 2026

Cisco, Mannai Target Qatar’s Sovereign AI Market as $20bn Investment Push Accelerates

The US technology group is positioning itself for demand from security-sensitive industries as Qatar expands AI infrastructure investment and...

Oman’s $4bn AI Data Center Push Puts Salalah’s Power and Connectivity to the Test

Two proposed developments could transform the southern port city into a regional computing hub, but financing, electricity supply and...

Alpha Dhabi Commits $1bn to AI Fund After EarlierStake Reaches $3.9bn

Abu Dhabi-listed group doubles down on global technology investments after its previous Alpha Wave fund records AED 3.4bn in...

Egypt Stocks Slide as Banque du Caire IPO Draws 27-Fold Demand

CAIRO, October 29 — Egyptian stocks surrendered nearly half Tuesday's rebound as the benchmark EGX30 fell 1.64% to 49,281.24...

Israeli Ad Tech Firm Linked to Suspected Starlink Surveillance in 100+Countries

Researchers flag extensive advertising activity targeting satellite internet users, as separate investigations uncover spyware attacks and exposure of sensitive...

Egypt Eyes Industrial Expansion Across Africa as Regional Trade Hits $214bn

New industrial strategy targets seven priority industries, with pharmaceuticals and agribusiness central to regional investment plans.Egypt is considering new...

Shell Eyes $100mn Egypt Gas Exploration as Import Bill Pressures Economy

The planned 2027 offshore investment comes as Egypt seeks to reverse declining gas production and reduce its multibillion-dollar import...

Suez Canal Authority, DEME Explore Dredger Construction and Repair Partnership

Talks focus on dredger hull manufacturing, vessel maintenance and technology cooperation as Egypt expands its maritime industries. ISMAILIA, The Suez Canal...

Egypt’s Gold Rises as Weaker Pound Offsets Global Sell-Off

21-karat gold climbs 2.2% in less than two weeks despite falling international bullion prices, exposing the growing influence of...

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Top 10 This Week

Egypt Stocks Rebound 3.5% as $619mn Debt Selling Tests Recovery

CAIRO, Egypt's benchmark EGX30 surged 3.49% to 50,104.83 points on Tuesday, October 27, as a broad equity rally restored EGP155bn in market value and...

Microsoft Offers Buyouts to 60,000 Staff as $175bn AI Spending Tests Profit Margins

Microsoft is offering voluntary buyouts to approximately 60,000 employees, more than a quarter of its global workforce, as the technology giant seeks to contain...

Egypt’s Forbes Sustainability Entries Rise to 14 as Green Investment Expands

Egypt ties Qatar in the 2026 ranking, while $566mn in new solar financing highlights the opportunities and execution risks facing its green economy. CAIRO, October...

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Egypt Offers 84 Investment Sites as Urban Expansion Shifts Towards Private Capital

CAIRO — Egypt has offered approximately 84 investment opportunities across its new cities this month, seeking to mobilise domestic...

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Africa

Philippine Hotel101 Enters Africa with $102m Egypt Hotel Project

Binding agreements pave the way for a 750-room hotel...

Ghana Signs $28bn Deal for Major Petroleum and Petrochemical Hub

Ghana’s Petroleum Hub Development Corporation (PHDC) has signed a...

Africa Puts Deadlines Behind Investment Ambitions at Inaugural Alamein Forum

NEW ALAMEIN — African governments have set deadlines to...

Egypt’s Africa Opportunity Is Bigger Than Exports

CAIRO — Egypt has built a sizable trade surplus...

Suez Canal Weighs Kenya Venture to Export Maritime Engineering Into East Africa

CAIRO — The Suez Canal Authority is weighing a...