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AfDB Approves €100mn Loan for Morocco’s First EV Battery Gigafactory

Industry Middle East Observer Staff -
The African Development Bank (AfDB) has approved a €100 million (US$114 million) loan to support the development of Africa's first integrated lithium...

Orange Raises 2026 Outlook as Africa & Middle East Adds 10 Million Data Users

Africa Middle East Observer Staff -
Orange raised its full-year earnings and cash-flow guidance after strong first-half growth across its Africa & Middle East (AME) division helped...

Saab’s GlobalEye Platform Gains Global Momentum as NATO, Middle East Drive Demand

Europe Middle East Observer Staff -
Saab AB, the Stockholm-headquartered Swedish defence and aerospace group and one of Europe's leading defence manufacturers, is strengthening its...

Simplex Invests $50mn in Egypt CNC Plant to Expand Manufacturing Capacity

Egypt Middle East Observer Staff -
Egyptian industrial technology manufacturer Simplex has inaugurated its second production facility in 10th of Ramadan City following a US$50 million investment, supporting Egypt's drive...

Egypt Honours Cultural Icons with 2026 State Awards

Culture Middle East Observer Staff -
CAIRO — Egypt honoured former Minister of Culture Farouk Hosny, veteran actor and playwright Mohamed Sobhy, and a distinguished group of artists,...

India Shifts Up to 25% of LPG Imports to U.S. in 2027

Asia MEO -
India plans to source up to one-quarter of its liquefied petroleum gas (LPG) imports from the United States in 2027,...

Egypt Wins World Fencing Bronze After Golden-Touch Victory Over Israel

Egypt MEO -
The 2026 FIE World Fencing Championships, held in Hong Kong from July 22 to 30, concluded with Kazakhstan winning...

Egypt Leads Arab World, Ranks Second Globally in CAF Charitable Giving Index

Culture Middle East Observer Staff -
CAIRO — Egypt has been ranked the second most generous country in the world and the highest-ranked Arab nation...

Hassan Allam Secures $720mn Saudi Contract as It Pursues Egypt Airport Opportunities

Business & Economix Middle East Observer Staff -
CAIRO — Hassan Allam Holding is expanding its regional project pipeline after securing a SAR2.7bn ($720mn) construction contract in...
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Top 7 This Week

Small-Caps Lead Weekly Rally as Blue-Chip Profit-Taking Caps EGX30

Egypt MEO -
CAIRO — Egypt's equity market remained divided on Wednesday as profit-taking in heavyweight banking, real estate and industrial shares pulled the benchmark index modestly...

US–Saudi Consortium Advances $5bn Gulf Refinery Beyond Hormuz

Energy MEO -
A U.S.–Saudi private consortium has advanced plans for a US$5 billion integrated refinery and export hub, underscoring the Gulf's growing investment in energy infrastructure...

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Saudi Arabia Approves Rules for Foreign Property Ownership

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Saudi Arabia has completed the regulatory framework for foreign ownership of real estate after the Council of Ministers approved...

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