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Intro Investments Holding (Dubai) announced a partnership and management agreement with Mona El Helw for its real estate development arm, M squared. Under the agreement, Mona becomes a partner in M squared and takes on its management as Managing Partner and Chief Executive Officer, effective 1 November 2026. Mona…
Seha Group has announced a strategic partnership between its technology arm, SehaTech, and Chubb Life Egypt to digitize insurance operations, alongside the launch of SehaAcademy to develop specialized talent in medical insurance and healthcare management. The announcements were made during Seha Group’s first annual…
Consumer healthcare company Opella and the World Allergy Organisation (WAO) on Monday announced a five-year global partnership running from 2027 through 2031 to improve the recognition and management of allergic diseases in everyday care settings worldwide. The partnership, announced at the 32nd World Allergy Congress…
Water Resources and Irrigation Minister Hani Sewilam discussed developing the use of desalinated water for intensive food production with Hossam El-Zayat, Deputy Director of the American University in Cairo’s Center for Applied Research on the Environment and Sustainability (CARES). Sewilam said desalination for…
Egyptian President Abdel Fattah Al-Sisi and Minister of Foreign Affairs Badr Abdelatty held talks in Cairo on Monday with Maxim Oreshkin, Russia’s Deputy Chief of Staff of the Presidential Executive Office and Special Representative for BRICS Financial and Economic Cooperation, to advance bilateral projects and…
Egypt’s Prime Minister Mostafa Madbouly said Egypt Forum 2026 aims to establish shared national priorities and develop actionable solutions with clearly defined responsibilities and measurable outcomes, as the government seeks to address citizens’ concerns and set its agenda through 2030. Speaking at the opening…
Egyptian President Abdel Fattah al-Sisi warned against ongoing attempts to destroy national memory and manipulate citizens through social media, declaring that while differing views are permissible, preserving the state remains an uncrossable line. Sisi’s remarks came during his intervention on Monday morning at the…
Annual urban headline inflation decelerated to 13.9% in September 2026, down from 14.5% in August, according to the Central Bank of Egypt (CBE). The decline was mainly driven by a softening in annual non-food inflation, which eased to 18% in September from 19.5% in August, coupled with a favourable base effect…
Egypt’s exports of chemicals and fertilisers to India surged 325% year on year to $627m during the first eight months of 2026, up from $147m in the same period last year, according to the Chemical and Fertilisers Export Council. The increase amounted to approximately $480m, making India the third-largest destination…
The Ministry of Social Solidarity said it approved 1,828 foreign grants worth EGP 13bn during fiscal year (FY) 2025/2026, provided by 610 donor entities and benefiting 515 non-governmental associations and foundations. The ministry stressed that the grants were aligned with actual development needs. The figures were…
On 11 October 2026, President Abdel Fattah el-Sisi reaffirmed Egypt’s commitment to safeguarding its historical and acquired water rights, underscoring the Nile’s vital importance to the Egyptian people. This reaffirmation came two days before the commemoration by some countries of the entry into force of the Nile…
The National Bank of Egypt (NBE) has been named the safest bank in Egypt for 2026 by US-based Global Finance magazine, maintaining the position for the sixth consecutive year in an annual assessment of financial institutions across 114 countries and territories. The recognition is part of Global Finance’s 35th annual…
Egypt has launched an investment zone for Qatar’s Alam Al Roum project in North Coast, in a move aimed at attracting domestic and foreign investment, expanding economic activity and accelerating the development of one of the country’s major coastal destinations. The launch was attended by Mohamed Farid, Minister of…
Egyptian Foreign Minister Badr Abdelatty held separate phone calls with his counterparts from Pakistan, Oman and Somalia on Sunday, discussing regional military escalation, diplomatic efforts to ease tensions, and developments in the Horn of Africa and Red Sea. Abdelatty received a call from Pakistani Deputy Prime…
Egypt has secured approval to export aquaculture products to all 27 European Union (EU) member states after meeting the bloc’s technical and regulatory requirements, the Ministry of Investment and Foreign Trade announced. The Egyptian Commercial Service, through its office in Brussels, worked with the National Food…
The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has approved six companies to conduct a range of non-banking financial activities using financial technology (fintech), through its committee responsible for reviewing applications to use fintech. The move is part of the FRA’s ongoing efforts to expand…
Mostafa Sheikhoun, Chairperson of the Suez Canal Economic Zone (SCZONE), met with a Hong Kong Trade Development Council (HKTDC) delegation led by Jackie Cheung, Assistant Executive Director of the Council, to discuss investment opportunities and potential partnerships in SCZONE’s industrial zones. The delegation also…
Mostafa Sheikhoun, Chairperson of the Suez Canal Economic Zone (SCZONE), received a high-level trade delegation from China’s Shaanxi Province, led by Jia Chenglan, Chairperson of the Shaanxi Sub-Council of the China Council for the Promotion of International Trade (CCPIT), to explore investment opportunities in…
Mohamed Farid, Minister of Investment and Foreign Trade, said that technology and artificial intelligence (AI) can help boost merchandise and services exports, revealing that Egypt’s non-oil merchandise exports reached $48bn in 2025. Farid attended the opening of the Egyptian Exchange (EGX) trading session to mark…
Egypt is collaborating with Japan’s Kyoto Ikueikan Educational Group to transform 20 technical schools into international applied technology institutions specialising in nursing, elderly care, and information technology by the next academic year. Minister of Education and Technical Education Mohamed Abdel Latif met on…
Egypt’s Ministry of Labor has launched an “Investor Facilitation Unit” to streamline regulatory procedures, with Minister Hassan Radad pledging on Sunday to resolve challenges regarding foreign work permits to encourage the expansion of Japanese businesses in the domestic market. Radad announced the measure during a…
Egypt has signed contracts worth approximately EGP 4.6bn to operate and maintain 11 seawater desalination plants with a combined designed capacity of 485,000 cubic metres per day, as the government seeks to improve operational efficiency and expand private sector participation in the water sector. The contracts cover…
Egypt’s Health Minister Khaled Abdel Ghaffar met Kevork Tamamyan, Armenia’s candidate for director-general of the World Health Organization (WHO), to discuss his vision for the organisation and key global health priorities. The Health Ministry said Abdel Ghaffar heard Tamamyan, a specialist in haematology and…
Ghoneim Developments Group (GDG) has launched The One, a mixed-use development in Mokattam, Cairo, comprising retail, medical and administrative units. The project was unveiled at an event held on October 13 at the Triumph Luxury Hotel in Katameya, attended by guests and featuring a performance by Egyptian singer…
HTG – Hometown Group has signed five cooperation protocols with specialised companies in interior design, landscaping, façade lighting, and property management and leasing. The agreements were signed with The Design Avenue, which specialises in interior design for commercial projects; Studio K, for interior design…
STM Investment has announced the launch of Kayan City, a mixed-use urban development spanning more than 22,000 feddans in East Cairo, featuring approximately 40,000 residential units, two hotels with a combined capacity of 1,000 rooms, and commercial, educational, healthcare and recreational facilities. Located along…
Foreign investment in Egypt’s real estate sector rose 47.4% year on year to $2.8bn in the fiscal year ended June 2026, up from $1.9bn in the previous fiscal year, marking an increase of approximately $900m, according to the latest balance of payments report issued by the Central Bank of Egypt (CBE). The increase comes…
Egypt’s Financial Regulatory Authority (FRA) on Sunday approved the prospectus for the offering of Banque du Caire shares on the Egyptian Exchange (EGX), clearing the way for the sale of a 30% stake valued at up to about EGP 24.25bn, according to the head of the state-owned companies unit. The prospectus covers up to…
Egypt’s National Defence Council, chaired by President Abdel Fattah Al-Sisi, on Sunday affirmed Egypt’s full solidarity with Saudi Arabia and readiness to provide all necessary and possible forms of support to defend the kingdom’s security, stability and territorial integrity amid escalating attacks. The announcement…
Egypt will host the annual meetings of the African Tax Administration Forum (ATAF) from 1 to 5 November 2026, bringing together heads of African tax administrations and representatives of regional and international organisations working on taxation. The Egyptian Tax Authority (ETA), which is organising the event on…
Reducing high debt service costs at a faster pace is the focus of further structural reforms, the Egyptian finance ministry announced following a decision by Moody’s to upgrade the country’s credit rating to “B3” with a positive outlook. In a statement addressing the upgrade, the ministry acknowledged the ongoing…
Egyptian Prime Minister Mostafa Madbouly reviewed the country’s National Economic Transformation Programme, aimed at building a resilient economy capable of sustainable growth, ahead of its presentation at the upcoming Egypt Forum 2026. During a meeting on Saturday with Finance Minister Ahmed Kouchouk and Minister of…
Egyptian Foreign Minister Badr Abdelatty held a series of meetings in Baghdad on the sidelines of the 52nd session of the Organisation of Islamic Cooperation’s Council of Foreign Ministers, focusing on regional de-escalation, Iran, Yemen, Sudan, Libya and Syria, as well as UN reform and the Palestinian issue. In a…
President Abdel Fattah Al-Sisi said on Saturday that he would leave office in 2030, describing the end of his presidency as a “settled matter,” while announcing a proposed programme to prepare Egyptian PhD holders to assume senior responsibilities and potentially qualify to run for president. Al-Sisi made the remarks…
The Egyptian Organization for Standardization and Quality (EOS) has signed a cooperation protocol with PhotonX to provide engineering testing, product conformity assessment and specialised technical services to manufacturers, supporting improvements in the quality of Egyptian products. The protocol was signed by…
The Ministry of Finance said it was facing the challenge of high debt-servicing costs and working tirelessly to reduce them at a faster pace over the coming period. In a statement following Moody’s upgrade of Egypt’s credit rating to B3 with a positive outlook, the ministry said economic and fiscal reforms had helped…
Gold prices in the Egyptian market increased by EGP 95 over the week from 10 to 17 October, with the price of 21-carat gold, the most widely traded grade, reaching EGP 6,250 per gram on Friday, compared with EGP 6,155 last Saturday, according to data released by gold and jewellery trading platform iSagha. According to
Prime Minister Mostafa Madbouly inaugurated the eighth edition of the “Turathna 2026” Exhibition for handicrafts and heritage products on behalf of President Abdel Fattah Al-Sisi. Held under the President’s auspices from 17 to 24 October, the exhibition is organised by the Micro, Small and Medium Enterprise…
Systems Limited, a Pakistani multinational information technology company, plans to increase its investments in Egypt by more than 50% in 2027, with further growth potentially exceeding that rate in 2028, as it seeks to expand its local operations and strengthen Egypt’s role within the group. The company currently has…
MIDYAN Developments has unveiled its 2027–2030 growth strategy, targeting expansion into new asset classes and geographic locations while adding one asset to its operating portfolio annually under its built-to-own model. Established in 2017, the group has a portfolio spanning K-12 education, university education and…
The American University in Cairo (AUC) has honoured Egyptian-American scientist, entrepreneur and philanthropist Atef Eltoukhy for more than five decades of leadership, service and contributions to education in Egypt and internationally. Eltoukhy, an AUC alumnus, former instructor and former chair of its Board of…
The African Business Council (AfBC) has re-elected Amani Asfour as its president for a second term, reaffirming the confidence of African private-sector leaders in her vision to strengthen continental economic integration, boost intra-African trade and investment, and accelerate industrial development. The re-election…
The Korea International Cooperation Agency (KOICA), South Korea’s official development cooperation agency, and the National Council for Women (NCW) jointly held a Knowledge Sharing Seminar on October 15, 2026, at The St. Regis Cairo, marking the successful conclusion of the three-year “Capacity Building on Gender/SME…
Egyptian-Swiss cooperation has been growing across various fields, Swiss Ambassador to Egypt Andreas Baum said, stressing that both countries are keen to strengthen their bilateral partnership and translate it into tangible results. His remarks came during a reception held at the Swiss ambassador’s residence in Cairo…
Suez Canal Bank has launched its “SCB Business” mobile banking app, designed to serve businesses of all sizes. The launch marks a new step in the bank’s efforts to advance its digital services and strengthen its role as an integrated banking partner that addresses clients’ diverse needs and supports their businesses…
The Ministry of Justice and Commercial International Bank – Egypt (CIB) have signed a cooperation protocol to establish notarisation offices at the bank’s branches, making notarisation services more accessible to customers and improving the mechanisms through which they are delivered. The agreement forms part of the…
The Central Bank of Egypt (CBE) said the Egyptian banking sector had demonstrated a high degree of financial resilience and an ability to withstand various shocks, despite heightened risks to global financial stability, particularly amid escalating geopolitical tensions. The sector’s resilience has been supported by…
Egyptian President Abdel Fattah Al-Sisi said Egypt will not accept any threat to Saudi Arabia’s security or borders, or to Red Sea security, warning that deep geopolitical shifts in the region will have consequences. He described Egypt and Saudi Arabia as the heart of the Arab and Islamic worlds and said harm to…
The 29th edition of Ecomondo will take place from 3 to 6 November at the Rimini Expo Centre, bringing together international businesses, policymakers, innovators, and sustainability experts to advance the green, blue, and circular economy. The 29th edition of Ecomondo, the international exhibition dedicated to the…
Egypt will host the third edition of the Global Entrepreneurship Festival (GEF) from 6 to 8 November 2026 at the JW Marriott Hotel in New Cairo, bringing together business leaders, investors, policymakers, and entrepreneurs from more than 70 countries. Held under the patronage of Prime Minister Mostafa Madbouly, the…
Egyptian President Abdel Fattah Al-Sisi stated that the country’s agreed-upon constitution will not be touched, issuing a warning against ongoing attempts to manipulate public awareness and destabilise the state through misinformation. Speaking at the 44th Cultural Seminar, titled “Homeland of Heroes,” marking the…
The Egyptian cabinet approved a 30-year licensing agreement for an industrial development company to build and operate a 652-acre integrated logistics zone adjacent to the Salloum land port, the government announced on Wednesday. During the meeting chaired by Prime Minister Mostafa Madbouly in the New Administrative…
In an effort to alleviate the financial strain on vulnerable families, the National Bank of Egypt (NBE) has partnered with the Misr El Kheir Foundation to provide school bags and essential educational supplies to 20,000 students across Upper Egypt and border governorates. The collaborative relief effort is designed to…
Finance Minister Ahmed Kouchouk said international investors had responded positively to Egypt’s economic reforms, lowering their assessment of investment risks in the country to its lowest level since 2014. He stressed that the government would continue its programme of tax and customs relief, introducing new…
Ahmed Rostom, Minister of Planning and Economic Development, held a meeting with Anshula Kant, Managing Director and Chief Financial Officer of the World Bank Group, to discuss prospects for cooperation and strengthen the development partnership between Egypt and the World Bank. The meeting took place on the sidelines…
Egyptian Foreign Minister Badr Abdelatty held a series of meetings with international and Arab financing institutions and foreign officials in Bangkok on Wednesday, focusing on private-sector investment, development financing, job creation and regional issues on the sidelines of the World Bank and IMF meetings…
Egypt’s Minister of Housing, Utilities and Urban Communities Randa El-Menshawy discussed plans to establish a real estate investment fund to maximise the economic and investment returns from assets owned by the New Urban Communities Authority (NUCA), according to a ministry statement on Wednesday. The proposed fund…
Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), received Mahmoud El-Montasser Mansour, Executive Director-General and founder of Tunisia’s Microfinance Supervisory Authority, in the presence of Rehab Taha, FRA Assistant Chairperson. The meeting aimed to strengthen bilateral cooperation and…
Transport Minister Kamel Al-Wazir has inaugurated Amreya Dry Port in Alexandria, in the presence of Magdy Anwar, Director of the National Service Projects Organisation; Amira Yassin, Deputy Governor of Alexandria; and Sayed Metwally, Head of the General Authority for Land and Dry Ports. The minister said the…
Egypt and Djibouti have signed a framework agreement protocol aimed at enhancing bilateral trade and opening new avenues for companies from both nations, the Egyptian Ministry of Investment and Foreign Trade announced on Wednesday. The agreement was signed by Egypt’s Minister of Investment and Foreign Trade, Mohamed…
Egyptian President Abdel Fattah Al-Sisi urged citizens to “fortify your country against this conspiracy.. and I do not say fortify the president,” while asserting Egypt harbours no hidden ambitions towards Israel following recent remarks by an Israeli official regarding Sinai. Speaking at the 44th Educational Seminar…
Egyptian Minister of Planning and Economic Development Ahmed Rostom and Minister of Foreign Affairs Badr Abdelatty met with Yuko Mitsui, First Vice President of the Japan International Cooperation Agency (JICA), in Bangkok to discuss enhancing economic cooperation and attracting Japanese investments to the Egyptian…
The Cairo International Film Festival (CIFF) has unveiled details of its 47th edition, which will run from November 11 to 20 and feature 145 films from 64 countries. The festival will also mark 50 years since its inaugural edition, combining a celebration of its history with new programmes aimed at supporting talent…
Egypt currently accounts for 20% of global date production and 25% of Arab production, Minister of Industry Khaled Hashem announced on Monday as the government outlined plans to update its sector strategy to boost exports and value-added manufacturing. The figures were presented during the 9th International Egyptian…
Breast cancer is the most common cancer among women in Egypt, accounting for 37.3% of all cancer diagnoses among women. According to estimates from the International Agency for Research on Cancer, Egypt recorded 26,052 new cases and 9,717 deaths in 2024, highlighting the significant health, social and economic…
Egypt’s Industrial Development Authority (IDA) has announced the offering of 400 ready-to-operate industrial units across 11 industrial complexes in 10 governorates, with applications open from October 15 to 29, 2026, through the Egypt Industrial Digital Platform. The fully constructed units are equipped with…
Local Development and Environment Minister Manal Awad travelled to Yerevan on behalf of President Abdel Fattah Al-Sisi to take part in the “Leaders for Nature” biodiversity summit on October 16-17, ahead of the 17th Conference of the Parties to the UN Convention on Biological Diversity, or COP17. The summit brings…
Every journey leaves a different mark on me. Some trips end with beautiful photographs and passing memories. Others send me back with new questions about ourselves and the world. For me, travel has never been merely a movement across geography. It has always been another way of learning, and a chance to test ideas…
The Faculty of Engineering at Matareya, part of Capital University, has signed a cooperation protocol with the Association of Safety, Disaster Management and Firefighting Engineers (ASDFE) to launch a specialised professional programme to train certified fire protection systems inspectors. The agreement was signed by…
Health Minister Khaled Abdel Ghaffar discussed with his Indonesian counterpart, Budi Sadikin, ways to draw on Indonesia’s experience in health project financing and the pooled procurement of medical equipment, as the two countries explored broader cooperation in hospital infrastructure, medical technology, oncology…
Egypt has backed efforts to mobilise financing for a package of 36 projects in southern Nile Basin countries, covering hydropower, electricity interconnections, transmission lines, water supply and multipurpose infrastructure, Minister of Water Resources and Irrigation Hani Sewilam said. Sewilam made the remarks…
French shipping group CMA CGM is continuing the return of its shipping services through the Suez Canal as a permanent and sustainable route, the company’s Executive Vice President of Assets and Operations, Christine Cabau, said on Tuesday. The statement was made during a videoconference meeting with Suez Canal…
Egypt has been unanimously re-elected to chair the Executive Bureau of the Arab Ministerial Council for Electricity for a second consecutive term, with Algeria elected vice-chair, the Ministry of Electricity and Renewable Energy said. The decision was taken during the 16th session of the Arab Ministerial Council for…
Egypt and Djibouti signed a memorandum of understanding to enhance bilateral cooperation in the tourism sector, the Egyptian Ministry of Tourism and Antiquities announced on Tuesday. The agreement, signed in Cairo by Egypt’s Minister of Tourism and Antiquities Sherif Fathy and Djibouti’s Minister of Trade and Tourism…
Alaa Farouk, Minister of Agriculture and Land Reclamation, met with Mohamed El Sewedy, chairperson of the Federation of Egyptian Industries (FEI), to discuss ways to strengthen coordination and cooperation in agro-industrial processing, increase the added value of agricultural products and expand productive village…
Egypt’s Ministry of Transport has signed a memorandum of understanding (MoU) with Chinese company Xiamen C&D to develop a specialised dry bulk terminal at Al Max Port in Alexandria, as part of efforts to develop Greater Alexandria Port and the Sokhna–Alexandria logistics corridor. The MoU was signed by the Alexandria…
The Suez Canal Economic Zone (SCZONE) has laid the foundation stone for a South Korean sportswear manufacturing plant in the West Qantara Industrial Zone, with planned investments doubling to $30m from an initial $15m, as Egypt seeks to attract further South Korean investment following President Abdel Fattah Al-Sisi’s…
The Financial Regulatory Authority (FRA), in cooperation with Misr for Central Clearing, Depository and Registry (MCDR) and the Egyptian Exchange (EGX), is conducting live technical tests of the centralised lending system ahead of the anticipated launch of short-selling under the new regulatory framework introduced by…
The El Alamein Declaration, issued following the October 4 meeting between Egyptian President Abdel Fattah al-Sisi, Eritrean President Isaias Afwerki, Somali President Hassan Sheikh Mohamud and Sudanese Sovereignty Council Chairman Abdel Fattah al-Burhan, represents an attempt to redraw some of the rules of the…
The warmth of the reception extended by US President Donald Trump to his Chinese counterpart, Xi Jinping—including meeting him at the foot of the aircraft steps—markedly exceeded customary White House protocols and ceremonial norms. This stands in sharp contrast, at the very least, to Trump’s most recent visit to…
Remittances from Egyptians working abroad rose by 27.2% during the first eight months of 2026 to approximately $33.9bn, compared with $26.6bn over the same period in 2025, the Central Bank of Egypt (CBE) said. Monthly remittances also increased by 21.7% in August 2026, reaching approximately $4.2bn, compared with…
Finance Minister Ahmed Kouchouk said Egypt aims to reach new investor segments across diverse financing markets and secure more competitive terms to reduce financing costs. He stressed that fiscal and economic policy priorities focus on supporting private-sector growth, increasing investment and expanding its…
Egypt aims to increase the private sector’s share of total national investments to 67% by 2030, up from 57.7% in the 2025/2026 fiscal year and 43.1% in 2023/2024, Minister of Planning and Economic Development Ahmed Rostom announced. Speaking at a panel discussion titled “Africa’s Promising Future: Structural Reforms…
Egyptian Foreign Minister Badr Abdelatty held a series of meetings and participated in ministerial sessions in Bangkok on Tuesday on the sidelines of the annual meetings of the World Bank Group and the International Monetary Fund (IMF), focusing on food security, maritime routes, development financing, economic reform…
Egyptian Foreign Minister Badr Abdelatty held a series of meetings with government and parliamentary officials in Thailand on Monday at the start of a visit to Bangkok aimed at strengthening political, economic, investment and educational cooperation between the two countries. Abdelatty met Thai Industry Minister…
Hyde Park Developments has signed an agreement to acquire a 415-feddan plot in the eastern expansions area of 6th of October City in west Cairo, formerly known as the Dreamland land, in a deal involving Banque Misr and the National Bank of Egypt (NBE). Prime Minister Mostafa Madbouly witnessed the signing ceremony at…
The Ministry of Agriculture and Land Reclamation announced that the board of the National Veal Project, chaired by Minister of Agriculture and Land Reclamation Alaa Farouk, had approved new funding worth EGP 80.885m for small-scale breeders and young graduates to raise and fatten 1,148 head of cattle. The funding…
Planning and Economic Development Minister Ahmed Rostom said the government, with the direct support of Prime Minister Mostafa Madbouly, was coordinating closely with the Central Bank of Egypt (CBE) to ensure alignment between fiscal and monetary policies, with the aim of curbing inflation, reducing public debt and…
The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has required all non-bank financing companies and entities to submit monthly activity data through its dedicated electronic platform within the first 15 days of each month, covering the preceding month. The Authority will also reopen the platform from…
Prime Minister Mostafa Madbouly witnessed the signing on Monday of financing agreements worth EGP 10bn between Banque Misr and Founders Real Estate Marketing, a subsidiary of Hyde Park Developments. The financing, with a tenor of up to eight years, will cover the purchase and marketing of assets owned by the New Urban…
For decades, the world’s most accurate clocks have relied on electrons transitioning between different energy levels within atoms. Now, an international team of researchers has demonstrated a working clock based on an energy transition inside an atomic nucleus, marking a step towards a new generation of timekeeping…
Before torrential rains flooded Dubai in April 2024, disrupting transport and causing widespread infrastructure damage, some artificial intelligence (AI) weather models had already detected signals of the exceptional event up to eight days in advance, despite having no comparable rainfall event in Dubai in their…
When cold, dry Shamal winds sweep across the Arabian Gulf in winter, their effects are quickly felt through falling temperatures, rising dust and rough seas. Beneath the surface, however, these winds trigger complex changes that can transform the entire water column within days. A recent study has found that strong…
Writing in December 1934, Egyptian intellectual Ahmed Hassan al-Zayyat grappled with anxieties of modernisation. “The radio has defeated the poet in every coffeehouse, just as the machine has defeated man in every field of work! In every one of these coffeehouses stands a machine of this marvellous invention, enticing…
Egypt is set to outline its upcoming reform priorities, future targets to deepen local manufacturing, and new policies to enhance private sector participation during the upcoming “Egypt 2026 Forum”, Prime Minister Mostafa Madbouly announced on Monday. During a preparatory meeting for the event, which was mandated by…
Egypt recorded an overall balance of payments surplus of $2.8bn in the fiscal year (FY) 2025/26, reversing a deficit of $2.1bn the previous year, the Central Bank of Egypt (CBE) announced on Monday. The surplus was supported by a net inflow of $23.2bn in the capital and financial account, compared with $10.2bn in the
EFG Hermes UAE LLC, a unit of Cairo-based investment bank EFG Hermes, has launched market making and liquidity provision services on the Dubai Financial Market (DFM), the firm announced on Monday. The services are designed to provide continuous two-sided quotations for DFM-listed securities in an effort to broaden…
Egypt’s Talaat Moustafa Group (TMG) has agreed a strategic partnership with AXA Egypt to provide property buyers in its new development, “The Spine”, with a 10-year medical insurance policy starting from the date of unit delivery. The agreement also stipulates that Houston Hospital, which is scheduled to open in 2027…
Badr El Din Automotive Accessories and Tuning has identified rising import and shipping costs, foreign exchange (FX) fluctuations, changing consumer preferences and the growing adoption of electric vehicles (EVs) as key factors reshaping Egypt’s automotive accessories and spare parts market. The company’s observations…
Egypt’s Ministry of Foreign Affairs, Emigration and Egyptian Expatriates Affairs strongly condemned on Sunday an attack on King Khalid International Airport in Riyadh that killed an Egyptian woman and injured five other Egyptian nationals. The ministry said continued attacks on Saudi territory threatened civilian…