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Drive Finance, a subsidiary of GB Capital and the non-bank financial services arm of GB Corp, has completed an EGP 1.5bn bond issuance with a maturity of 13 months, the company announced. The issuance is a key pillar of Drive Finance’s strategy to diversify its funding sources, strengthen its capital structure and…
Egypt’s Minister of Communications and Information Technology Raafat Hendy delivered Egypt’s address to the plenary session of the International Telecommunication Union’s Plenipotentiary Conference (PP-26) in Doha, where he announced that Egypt is renewing its candidacy for a seat on the ITU Council representing…
Two ministers and the governor of Cairo on Monday opened the capital’s first shelter for stray dogs, a 5,000 sq m site east of the Autostrad road in El Tebbin, south of the city. Manal Awad, minister of local development and environment, Agriculture Minister Alaa Farouk and Cairo Governor Ibrahim Saber toured the…
Mohamed Abou Bakr, Chairperson of the Arab Organization for Industrialization (AOI), received Gildas Agonkan, Minister Delegate to the President of Benin in charge of National Defence, and his accompanying delegation to discuss ways to strengthen bilateral cooperation and leverage the AOI’s advanced industrial…
Egypt’s Ministry of Tourism and Antiquities is using augmented reality (AR) and artificial intelligence (AI) to recreate the fifth-century architecture and spiritual heritage of the historic Abu Mena archaeological site and Saint Mina Monastery in Alexandria. During a meeting chaired by Minister of Tourism and…
Egypt’s Minister of Investment and Foreign Trade Mohamed Farid met executives from France’s Salins Group at the ministry’s headquarters in Cairo to discuss the company’s plans to expand its business in Egypt. Farid met Benjamin Duchesne, general manager of Marine Salt Trading Cie, a Salins Group subsidiary, and export…
Mahmoud Esmat, Minister of Electricity and Renewable Energy, met with a delegation from Advanced Engineering Consultants (ADVEC), a company specialising in energy management, renewable energy integration and electricity grid solutions, headed by CEO Ahmed Salam. The meeting was attended by Ali Abdel Fattah…
Minister of Investment and Foreign Trade Mohamed Farid met with Adeeb Yousuf Al-Aama, CEO of the International Islamic Trade Finance Corporation (ITFC), and an accompanying delegation to discuss ways to strengthen cooperation in export financing, start-up support, investment zone development, and the use of technology…
Egyptian Prime Minister Mostafa Madbouly met ministers and officials on Monday to review progress on overhauling Egypt’s scheme for settling certain building violations and legalising the properties concerned, following instructions issued by President Abdel Fattah al-Sisi at the Egypt Forum 2026. The meeting was…
Egyptian President Abdel Fattah Al-Sisi on Monday called for sustained efforts to bring down inflation and public debt, increase foreign currency inflows and maintain sufficient foreign exchange reserves to cover the country’s strategic import needs. Al-Sisi issued the directives during separate meetings with Prime…
Around two million years ago, as groups of Homo erectus began migrating beyond East Africa, their journeys were not simply a search for food or new territories. Survival also depended on finding reliable sources of water across landscapes repeatedly transformed by wet periods and prolonged droughts. A new study…
Researchers have discovered microscopic structures resembling red blood cells inside the leg bone of a dinosaur that lived in Brazil approximately 115 million years ago, offering some of the strongest evidence yet that traces of blood-related biological material can survive in fossils for millions of years. The…
As sea levels rise, beaches and wetlands are not the only natural assets at risk of disappearing beneath the water. Coastal flooding could also destroy valuable ecosystem services, from protecting shorelines and filtering water to producing food and regulating the climate. A study published on 3 November in PNAS Nexus…
Egypt’s Foreign Minister Badr Abdelatty addressed a G7 ministerial meeting in Paris on Monday, setting out Egypt’s approach to governing artificial intelligence, and separately met Mathias Cormann, secretary-general of the Organisation for Economic Co-operation and Development. Speaking at the G7 session on AI…
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi oversaw the signing of a new agreement to explore for natural gas in the East Alexandria Offshore area of the Mediterranean, between the state-owned Egyptian Natural Gas Holding Company (EGAS) and Cheiron. The deal commits Cheiron to a minimum investment…
Seven people were killed and 125 injured when two passenger trains collided in Al-Ayyat, in Giza governorate south of Cairo, on Sunday, according to Egypt’s health ministry. The Egyptian National Railways said train number 134, a Tahya Misr service from Giza to Fayoum, ran into the rear of train number 2010…
Talaat Moustafa Group (TMG) has been named the World’s Best Golf Hospitality Developer at the World Golf Awards, a competition that drew representatives from around 80 countries. Madinaty Golf Club, one of the group’s clubs, also won two awards: Egypt’s Best Golf Course and Africa’s Best Golf Course. The club has now…
Egypt will launch a national programme for the early detection and treatment of childhood cancers in January 2027, with an estimated cost of EGP 1.8bn and a target of reducing diagnosis times by at least 20%, the Ministry of Health and Population said. Health Minister Khaled Abdel Ghaffar reviewed the final…
Egypt has won the Gold Award for the “Most Desirable Country for Culture and Heritage” at the 25th annual Wanderlust Reader Travel Awards in London, ranking ahead of several leading international tourism destinations. The award, determined by votes from readers of the prominent British travel magazine Wanderlust…
Nigeria’s Dangote Group is exploring opportunities to expand its industrial investments into Egypt, in a move aimed at strengthening economic integration and cross-border investment between two of Africa’s largest economies. The discussions followed a visit by a high-level Egyptian delegation to the Dangote Industrial…
Prime Minister Moustafa Madbouly chaired an executive meeting at the cabinet headquarters in the New Administrative Capital to review proposals submitted by the Federation of Egyptian Industries (FEI) following the recommendations of Egypt Forum 2026. The meeting aimed to implement President Abdel Fattah Al-Sisi’s…
Egyptian President Abdel Fattah Al-Sisi said on Sunday that the new Kayan University would open in February 2027, offering six faculties and accommodating around 25,000 students. The university will comprise faculties of medicine, dentistry, physical therapy, pharmacy, engineering, and computers and artificial…
Egypt’s Industrial Development Bank (IDB) made a net profit of EGP 1bn in 2025, the first time it has reached that mark, and will reward shareholders with bonus shares for the first time in two decades. The lender’s ordinary general assembly approved the accounts for the year to 31 December. Management attributed the…
Egypt’s Minister of Housing, Utilities and Urban Communities, Randa Al-Minshawi, met with Omani Ambassador to Cairo Abdullah bin Nasser Al-Rahbi and a delegation from Oman’s Ministry of Housing and Urban Planning to explore opportunities for joint investment in urban development and real estate. The Omani delegation…
Ahmed Rostom, Minister of Planning and Economic Development, met with Suresh K. Reddy, India’s Ambassador to Cairo, to discuss ways to strengthen the strategic partnership between the two countries and explore opportunities for cooperation in innovative financing and start-up support. The meeting comes as part of…
Ahmed Rostom, Minister of Planning and Economic Development and Egypt’s Governor at the Islamic Development Bank (IsDB) Group, met with Adeeb Yousuf Al-Aama, CEO of the International Islamic Trade Finance Corporation (ITFC), an entity of the IsDB Group, at the conclusion of the Group’s delegation visit to Cairo. The…
The Central Bank of Egypt (CBE) has approved new rules regulating banks’ use of banking agents to provide certain banking services on their behalf, including customer identification and verification. The move forms part of the CBE’s efforts to promote financial inclusion by bringing all segments of society into the…
Dama Developments has signed cooperation agreements with several specialised companies to develop, manage and operate its mixed-use Rawasin project, located on 7.5 feddans in the southern expansion zone of New Sohag City. The development combines residential units with commercial, medical and service facilities…
Livingyards has signed an agreement with United Elevators, the authorised Middle East agent of global elevator and escalator manufacturer KONE, to supply and install elevator and escalator systems across its real estate projects. The company said the partnership would cover the supply and installation of the systems…
Tatweer Misr recorded contractual sales of EGP 62bn during the first nine months of 2026, selling 3,600 residential units with a combined sold built-up area exceeding 397,000 sqm. The company also invested EGP 9.2bn in construction, development and delivery activities across its projects during the period. The company…
Egypt’s New Urban Communities Authority (NUCA) has approved the transfer of two plots of land allocated to the Bo Island project in Sidi Abdel Rahman in the North Coast from Maxim Investment Group to Tahya Misr Holding for Investment and Development. The move aims to regularise the project’s legal and administrative…
Egypt’s real estate sector recorded contracted sales worth EGP 1.065trn during the first nine months of 2026, marking a 2% increase compared to the same period in 2025, despite persistent economic headwinds and shifting market dynamics. According to the latest insights from The Board Consulting, the market recorded…
Kemet Precious Metals (KPM) has announced the launch of KPM+, a loyalty program bringing the company’s portfolio of brands together under one integrated platform. The program allows customers to earn points on their purchases and redeem them across KPM’s brands, as well as through a network of partner brands operating…
Egyptian exports of chemicals and fertilisers to France rose to $333m during the first nine months of 2026, marking a 10.1% year-on-year increase from $302.5m during the same period in 2025. The $30.5m increase places France seventh among the top ten international destinations for Egyptian chemical exports, reflecting…
Karim Badawi, Minister of Petroleum and Mineral Resources, discussed opportunities to strengthen cooperation with the Africa Finance Corporation (AFC) in financing and implementing new projects across the petroleum, natural gas, refining, petrochemicals and mining sectors. The discussions took place during a meeting…
Prime Minister Mostafa Madbouly on Saturday inaugurated the 30th Cairo International Exhibition and Technology Conference for the Middle East and Africa (Cairo ICT 2026) at the Egypt International Exhibition Centre in New Cairo. Held from November 7 to 10 under the theme “AI in Action”, the event brings together…
Egyptian President Abdel Fattah Al-Sisi on Saturday directed officials to study the establishment of a strategic stockpile to meet the country’s needs during emergencies and crises, in coordination between the National Authority for Crisis and Emergency Management and other state institutions. Al-Sisi issued the…
Mohamed Farid, Egypt’s Minister of Investment and Foreign Trade, and Nataša Pirc Musar, President of Slovenia, participated in a roundtable organised by the Federation of Egyptian Chambers of Commerce to explore opportunities for strengthening trade and investment cooperation in priority sectors. The meeting brought…
Sandoz, a global leader in generic and biosimilar medicines, has appointed Dragos Toma as Country Head for Egypt and Libya. With more than 21 years in the pharmaceutical industry, including over 13 years at Sandoz, he has extensive experience in business leadership, healthcare policy and expanding patient access to…
Mohamed Farid, Minister of Investment and Foreign Trade, has announced the pilot launch of self-service kiosks for investors, enabling them to obtain a range of company documents independently, 24 hours a day. The announcement was made on the sidelines of his participation in the Cairo International Technology…
Egyptian President Abdel Fattah Al-Sisi on Saturday called for expanding local production of military vehicles, equipment and spare parts, alongside plans to export selected locally manufactured models and reduce reliance on imports. Al-Sisi made the remarks during a meeting with Mohamed Abdel Fattah Abu Bakr…
On 22 October 2026, Kathak Sandhya brought the rhythms and vibrancy of Indian classical dance to Cairo’s Gomhoria Theatre. Organised by the Embassy of India in Egypt, the evening featured performers of different ages and nationalities, accompanied by live musicians. The Bollywood selections revealed how deeply Indian…
Industrial Development Bank (IDB) has signed a cooperation protocol with ElTarek for Automotive Trading, Importing and Distribution to launch co-branded Mastercard credit cards, marking the first collaboration of its kind between the two companies. The cards will target ElTarek customers, including new car buyers and…
SAIB Bank, in cooperation with Sonaa El Kheir Foundation for Development, a member of the National Alliance for Civil Development Work, has delivered 50 fishing boats to small-scale fishermen in Kafr El-Sheikh. The initiative is part of “Marakeb El Rezk” (Boats of Livelihood), which aims to support fishermen, help…
The Housing and Development Bank (HDB) has opened a new branch in New Fayoum City, bringing its nationwide branch network to 99 locations. The inauguration was attended by Yehia Abou El-Fotouh, CEO and Managing Director of HDB; Mohamed Gamil, Deputy CEO and Managing Director; and Walid Matar, Assistant Managing…
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), has reaffirmed the bank’s commitment to maintaining financial stability and strengthening the resilience of the banking sector through a transparent approach and a monetary policy framework focused on bringing inflation down. He stressed that this commitment…
Egypt’s Water Resources and Irrigation Ministry has completed 11 out of 20 operations under its Kitchener Drain water-quality improvement project, with two more awarded and four due to be retendered, the ministry said. Water Resources and Irrigation Minister Hani Sewilam reviewed implementation progress, contracting…
International golf media have highlighted Egypt’s hosting of the 13th edition of the World Golf Awards (WGA 2026), set to take place on Saturday, 7 November, at Madinaty Golf Club. Specialised outlets including Golf Today, Golf Business News, and Golf Industry Asia covered the event. They pointed to the significance…
Egypt's remittances recovered after the 2023 slump. CBE and World Bank figures explain the rebound, transfer costs and what recipients can check when money is late
Discover how cheaper satellite platforms change costs and access to Earth observation, and influence its economics.
Some artists become familiar faces on screen, while others transcend their roles to become part of the collective memory of generations. Veteran Egyptian actor Ahmed Bedier belongs to the latter. With an artistic career spanning more than 55 years and over 300 works across cinema, theatre, television, and radio, he…
Egypt is stepping up efforts to localise electric vehicle (EV) manufacturing and automotive components, targeting annual production of up to 100,000 vehicles by 2032 as the government seeks to reduce import dependence, strengthen domestic manufacturing and expand export opportunities. Prime Minister Mostafa Madbouly…
President Abdel Fattah Al-Sisi on Wednesday awarded student Mayar Othman the Second-Class Medal of Excellence after she secured first place and was named champion of the 2026 Arab Reading Challenge in its 10th edition, held in Dubai. Al-Sisi received Othman in the presence of Minister of Education Mohamed Abdel Latif…
Egypt is seeking to link its national seaports with Slovenia’s Port of Koper and aims to secure an agreement for the regular migration of Egyptian workers to meet Slovenian labour needs, Prime Minister Mostafa Madbouly announced on Wednesday. Speaking during a meeting with Slovenian President Nataša Pirc Musar at the…
President Abdel Fattah Al-Sisi on Wednesday called for transforming the Arab Organization for Industrialization (AOI) into an industrial integration platform that brings together its manufacturing capabilities, private-sector expertise and foreign investment, with a focus on deepening local manufacturing, transferring…
MTS is seeking to expand its cooperation with Chinese technology and infrastructure companies to attract new investments into Egypt, localise advanced technologies and develop digital infrastructure, according to Hesham Kandeel, Chairperson and CEO of MTS. The company’s cooperation with Chinese technology group…
Raya Cyber Solutions, a subsidiary of Raya Information Technology (Raya IT), is participating for the first time in Cairo ICT 2026, showcasing a portfolio of more than 45 cybersecurity services as it seeks to expand its presence in Egypt’s growing cybersecurity market. The company is exhibiting within AIDC², the…
A sweeping Democratic takeover of the US Congress and key governorships marks a decisive voter rejection of President Donald Trump’s second-term policies, stripping the administration of its unchecked legislative control. The midterm election results, which saw Democrats capture full control of the Senate and House of…
India Fashion Night will inaugurate Egypt Fashion Week on November 12, 2026, bringing together Indian and Egyptian designers, fashion professionals and cultural performers to promote collaboration between the two countries’ fashion and textile industries, India’s Ambassador to Egypt Suresh K. Reddy announced. The…
Alaa Farouk, Minister of Agriculture and Land Reclamation, met with Tiberio Chiari, Director of the Italian Cooperation Office in Cairo, and an accompanying delegation from the EU-funded Integrated Rural Development Programme in Egypt (EU-ZIRA3A) to discuss ways to strengthen cooperation and expand the Productive…
Egypt’s General Authority for Investment and Free Zones (GAFI) and Oracle have agreed to provide training in the latest cloud computing technologies for Egyptian entrepreneurs and authority employees as part of the company’s initiative to train 150,000 Egyptians. The agreement was reached during a meeting between GAFI…
Ahmed Rostom, Minister of Planning and Economic Development, held an expanded meeting with a World Bank Group delegation to discuss ways to strengthen their partnership, review the latest developments in the joint cooperation portfolio, and explore future areas of cooperation in environmental and economic fields in…
Ahmed Rostom, Minister of Planning and Economic Development, said the ministry is studying the introduction of new and advanced electronic payment instruments to expand its user base both domestically and internationally. He explained that the move forms part of the ministry’s strategy to maximise the potential of the…
Egypt’s participation in international tourism exhibitions is no longer simply an opportunity to showcase its tourism assets or promote its diverse destinations. It has become part of a much broader strategic effort to strengthen Egypt’s position on the global tourism map and enhance its ability to help shape the…
On 28 October 2026, Ethiopian Prime Minister Abiy Ahmed announced from Moscow, on the sidelines of the Russia–Africa Summit, that Ethiopia had received 12 Su-35 fighter jets and would subsequently take delivery of four batteries of the S-400 air defence system. He thanked Russian President Vladimir Putin for…
Would possessing 12 Su-35 fighter jets and four S-400 air defence batteries be enough for Ethiopia to alter the balance of power in the Horn of Africa or the Red Sea—even if those numbers were doubled? Some may argue that Russia’s direct involvement alone would be sufficient to bring about such a shift. The reality,
Adeer International, the global investment arm of Saudi Arabia’s Sumou Holding Group, has formed a strategic alliance with Hassan Allam, MIDAR for Investment and Urban Development, and Sumou Investment to develop hospitality projects in Egypt, with planned investments of approximately $2bn. The alliance is part of…
Egypt’s Supreme Energy Council has discussed securing electricity supplies for 11 industrial projects, increasing power capacity for existing factories and establishing new substations to meet the needs of industrial facilities and additional production lines. The discussions took place during the council’s 32nd…
Egyptian Health Minister Khaled Abdel Ghaffar discussed plans with Samsung Electronics to explore the local production of medical imaging equipment, alongside upgrades to healthcare facilities and digital training infrastructure, during a visit to South Korea. The Ministry of Health said the discussions included a…
Egyptian President Abdel Fattah Al-Sisi on Tuesday urged the United States and Iran to show “the greatest possible flexibility” and reach a political understanding to resolve the current crisis, warning that renewed military operations could have severe humanitarian and economic consequences for the region and the…
The Financial Regulatory Authority (FRA), chaired by Islam Azzam, received a delegation from Oman’s Financial Services Authority (FSA), headed by its Executive Vice-President, Ahmed bin Ali Al-Maamari, and comprising officials responsible for financial supervision and stability, disclosure, trading surveillance and…
Mansour Automotive Group expects to complete the construction of its new “MAC for Transport Vehicles Manufacturing” plant in 6th of October City by the first quarter of 2027, focusing on the production of electric vehicles (EVs) and their components. The timeline was outlined during a meeting between Prime Minister…
Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), has issued a circular requiring non-bank financial institutions to update their customer identification and identity verification forms in line with the revised version of the Due Diligence Procedures for Customers of Financial Institutions Subject…
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Kevin McLachlan, Chevron’s Vice-President of Exploration, on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2026) to discuss the latest developments in the company’s activities in Egypt and its plans to expand…
Ahmed Rostom, Minister of Planning and Economic Development, said Egypt is working simultaneously to simplify domestic procedures and strengthen its international negotiating and legal capabilities to help shape more development-oriented trade rules. These efforts aim to enable Egyptian businesses to benefit from such…
Egyptian President Abdel Fattah Al-Sisi stressed the need for all parties to commit to implementing the Gaza ceasefire agreement, facilitating humanitarian aid access, and rapidly starting reconstruction during a phone call with Finnish President Alexander Stubb on Tuesday. Al-Sisi reiterated that there is no path to…
Egyptian Foreign Minister Badr Abdelatty and newly appointed Romanian Foreign Minister Dan Neculaescu discussed enhancing bilateral economic, energy, and maritime transport cooperation during a phone call on Tuesday, as the two nations mark 120 years of diplomatic ties. The call focused on developing joint cooperation…
Egypt’s Ministry of Youth and Sports has partnered with the Right to Dream academy to establish five regional development centres and launch a national programme for discovering and nurturing football talent. Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk attended the signing of the cooperation…
African tax administrations must unite and adopt smart technological applications to boost domestic resources and confront international economic challenges, Egyptian Finance Minister Ahmed Kouchouk said during the African Tax Administration Forum (ATAF) annual meetings. Speaking at the gathering in Cairo, Kouchouk…
Egyptian Foreign Minister Badr Abdelatty held talks with his Qatari and Iraqi counterparts on Tuesday, urging intensified diplomatic efforts and flexibility to prevent the Middle East from slipping into a broader military confrontation. In a phone call with Qatari Prime Minister and Foreign Minister Sheikh Mohammed…
Madinaty Golf Club will host the 13th annual World Golf Awards on November 7, marking the first time the prestigious ceremony takes place in Egypt and on the African continent. The World Golf Awards is recognized as one of the premier global organizations celebrating excellence in golf tourism and course design. The…
Egypt is accelerating construction of a 341-kilometre railway line linking Bir al-Abd, Arish and Ras El-Naqab, near Taba Airport, as part of a broader project to extend the national railway network across Sinai and support economic development in the peninsula. Transport Minister Kamel Al-Wazir inspected construction…
Shares of Banque du Caire (BDC) began trading on the Egyptian Exchange (EGX) main market on Monday following a record EGP 36.37bn initial public offering (IPO), the largest in the history of the country’s capital market. The offering comprised 6,862,500,000 shares, representing 45% of the bank’s total 15,250,000,000…
Egypt and Sudan on Monday reiterated their rejection of unilateral actions in the Eastern Nile Basin, warning that Ethiopia’s management of its dam on the Blue Nile without a binding legal framework poses a continuing threat to the water security of the two downstream countries. The position was outlined in a joint…
Egypt is increasing its strategic commodity stockpiles and drafting a comprehensive plan to rationalise government spending to mitigate the potential economic impact of escalating regional geopolitical tensions. Prime Minister Mostafa Madbouly outlined the measures during a meeting of the Central Crisis Management…
Foreign Minister Badr Abdelatty reaffirmed Cairo’s support for Sudan’s unity, sovereignty, and reconstruction during a meeting with his Sudanese counterpart Mohiuddin Salem on Monday to discuss efforts to resolve the ongoing crisis. The talks took place in Cairo on the sidelines of the third round of the 2+2…
Egypt’s Housing Minister Randa El-Menshawy met with Austrian Ambassador to Cairo Georg Pöstinger and representatives of Austrian companies to discuss opportunities to expand cooperation in drinking water and wastewater infrastructure. The meeting brought together executives and representatives of Austrian companies…
Egypt’s Minister of Education and Technical Education Mohamed Abdel Latif and a high-level Japanese delegation inspected the Egyptian-Japanese School in Obour City on Monday to monitor the integration of Japanese language instruction and interactive educational activities. The visit comes as Japanese is being…
Egypt’s Deputy Prime Minister for Economic Affairs, Hussein Issa, highlighted the country’s promising energy investment opportunities and its ongoing efforts to cement its position as a regional energy hub during the opening of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2026) on Monday…
More than 25 years after its fossilised remains were discovered in a clay quarry in southern England, researchers have identified a new genus and species of herbivorous dinosaur that lived approximately 125 million years ago in what is now Surrey, Britain. The discovery highlights how fossils preserved in museum…
Scientists have long recognised that some songbirds produce sounds with patterns resembling human speech and music. However, the reasons behind these similarities have remained unclear. A study published in Science on 29 October has now found that speech-like and musical patterns are widespread among birds, including…
The Financial Regulatory Authority (FRA) organised a workshop for economic journalists and media professionals to highlight the latest developments in non-banking financial activities and review recent market trends and statistics across capital markets, insurance and non-banking finance, as part of its ongoing…
Egypt plans to establish solar power plants with a combined capacity of 1,000 megawatts to supply around 7,000 factories under the “Shams El-Senaa” initiative, as the government seeks to expand renewable energy use and reduce electricity costs for industrial facilities. Prime Minister Mostafa Madbouly reviewed the…
Finance Minister Ahmed Kouchouk said an updated version of the Real Estate Tax mobile application would be launched soon to make tax services more accessible to citizens, stressing that tax incentives and facilitation measures were part of an ongoing process rather than a one-off package. Speaking at the annual…
Egypt has signed a $1bn financing agreement with the World Bank under the second phase of its Development Policy Financing (DPF) programme to support economic reforms, strengthen resilience to external shocks and advance the country’s green transition. Prime Minister Mostafa Madbouly witnessed the signing ceremony at…
Egypt’s President Abdel Fattah Al-Sisi on Sunday reviewed plans to expand the country’s education system, including the establishment of 100 technical schools in cooperation with Italy, equipping 50 schools with German support and expanding the Japanese-style school network, alongside the development of new…
Egypt’s exports of chemical industries and fertilisers rose by 34% year on year to $9.54bn in the first nine months of 2026, compared with $7.14bn in the same period last year, according to the Chemical and Fertilisers Export Council. The sector generated an additional $2.4bn in export revenues between January and…
Egypt’s Industry Minister Khaled Hashem visited the Digital Manufacturing Centre (DMC) at the Arab Organization for Industrialization’s (AOI) Engine Factory in Helwan to assess its production capabilities and potential to expand the local manufacturing of industrial components, spare parts and equipment. The visit is…
Qatar’s Court of Cassation has acquitted Abdullah Al-Shaheen and other defendants in a subsidiary case arising from the dispute known as the “Egyptian Steel” case, overturning previous convictions issued in absentia and dismissing the Public Prosecution’s appeal. The court issued its final and binding ruling on…
Egypt’s Minister of Electricity and Renewable Energy Mahmoud Esmat reviewed research projects aimed at using locally available raw materials to produce phosphoric acid, upgrade phosphate ore and extract potassium, alongside the development of a new technology for seawater desalination. During a field visit to the…