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Prime Minister Mostafa Madbouly met with officials from ACWA Power to review the latest developments in cooperation on seawater desalination projects, as Egypt seeks to expand its desalination capacity and localise related industries. The meeting was held at the government headquarters in the New Capital and was…
Prime Minister Mostafa Madbouly reviewed the main pillars of Egypt’s foreign direct investment (FDI) strategy for 2027–2030 during a meeting with senior investment officials. The meeting was attended by Mohamed Farid, Minister of Investment and Foreign Trade; Mohamed Awad, CEO of the General Authority for Investment…
The Financial Regulatory Authority (FRA), chaired by Islam Azzam, approved the establishment, registration, and licensing of 12 companies and entities to conduct non-banking financial activities, including investment funds and specialised companies operating in several areas. The decisions form part of the authority’s…
Scientists Karl Deisseroth, Peter Hegemann, and Georg Nagel won the 2026 Nobel Prize in Physiology or Medicine on Monday for discoveries that led to optogenetics, a technique that allows researchers to control nerve cells using light. The Nobel Assembly at Sweden’s Karolinska Institutet said the three laureates were…
The National Bank of Egypt (NBE) reported a net profit after tax of EGP 175.5bn for the financial year ending Dec. 31, 2025, up from EGP 133.3bn the previous year, the bank announced following its general assembly meeting on Monday. The bank recorded a pre-tax profit of EGP 312.5bn for 2025. Total assets grew
Egypt and South Africa are exploring opportunities to deepen industrial integration and expand joint investments in key sectors, particularly automotive manufacturing and components, pharmaceuticals, metals, agro-processing, and logistics infrastructure. The discussions took place during a meeting between Egyptian…
Ahmed Kouchouk, Minister of Finance, held a meeting with Mohamed Abdel Latif, Minister of Education and Technical Education, to discuss a number of issues related to improving teachers’ financial conditions. The two ministers affirmed their continued efforts to approve an increase in teachers’ salaries for the next…
Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), has issued a circular to insurance companies aimed at enhancing disclosure and transparency for insurance policies incorporating investment strategies linked to gold, as part of the authority’s efforts to strengthen market oversight and protect…
Commercial International Bank (Egypt), or CIB, has signed a cornerstone investment agreement to purchase up to EGP 2bn in shares during the proposed offering and Egyptian Exchange listing of MNT Tech Holding for Financial Investments S.A.E. (MNT-Halan). Under the agreement with MNT-Halan and MNT Investments B.V., CIB…
The Egyptian Natural Gas Holding Company (EGAS) and Chevron have signed a new agreement with a minimum investment of $88m to explore and exploit natural gas and crude oil in the Mediterranean Sea’s offshore Lotus block. The agreement, signed by EGAS Executive Managing Director Sayed Selim and Chevron’s Exploration…
Egyptian President Abdel Fattah Al-Sisi called for the full implementation of US President Donald Trump’s Gaza ceasefire plan and warned that Egypt will defend its historical Nile water rights using all means under international law. Delivering an address on Monday during a meeting of the Supreme Council of the Armed…
Birdsong may sound to us like little more than natural music, with melodies varying from one species to another. But behind every call lies a physical equation that determines how loud it can be and how far it can travel. A new study suggests that a bird’s body size and the width of its beak
When Cyclone Shaheen struck northern Oman in October 2021, the sea was not the only factor shaping the storm’s behaviour. The mountains rising behind the coast were also part of the equation, but in a different way. While warmer waters can provide a cyclone with more energy and moisture, the terrain can alter its track
More than a century after British archaeologist Flinders Petrie uncovered hundreds of people buried in subsidiary graves surrounding the tombs of Egypt’s First Dynasty rulers at Abydos in Upper Egypt, new research has revived the possibility that some may have been deliberately killed to accompany their rulers into…
The Commercial International Bank (CIB) – Egypt has launched a free training programme on Udemy aimed at enhancing young people’s understanding of financial inclusion and its role in supporting economic development and digital transformation. The programme is part of efforts to promote financial literacy in line with…
The Central Bank of Egypt (CBE) has amended the rules governing the provision of commercial registry and real estate registry notarisation services at bank branches, expanding the availability of these services and facilitating the completion of related transactions through bank branches. At its meeting on 23…
The Central Bank of Egypt (CBE) Board of Directors has issued new regulations governing the licensing, regulation, and supervision of credit guarantee companies under the provisions of the Central Bank and Banking System Law No. 194 of 2020. The new regulations establish a regulatory and supervisory framework for…
The Central Bank of Egypt (CBE) has set out procedures for obtaining preliminary and final approval to establish and license companies seeking to engage in credit risk guarantee activities, as part of the regulations governing the sector. The rules establish specific timelines for issuing approval decisions…
The Central Bank of Egypt (CBE) has revealed the latest deposit and lending indicators for banks operating in the Egyptian market through May 2026. According to a recent CBE report, customer deposits at banks rose to EGP 17.145trn in May 2026, up from EGP 17.031trn in the previous month, an increase of EGP 114bn. The
Arab African International Bank (AAIB) has been recognized among Forbes’ World’s Top Performing Banks 2026, placing the Egyptian bank among a select group of financial institutions assessed for their financial performance, resilience and quality of growth. The ranking, developed by Forbes in partnership with market…
Egypt’s trade exchange with African Union (AU) countries rose to $6.1bn during the first seven months of 2026, compared with $5.5bn during the same period in 2025, marking an 11.8% increase, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS). In a statement issued on the occasion of New…
The leaders of Egypt, Somalia, Sudan, and Eritrea have issued the Alamein Joint Declaration, establishing a unified four-nation front to assert exclusive sovereignty over Red Sea governance, defend the territorial integrity of member states, and categorically reject any unilateral measures affecting the Nile River…
Central Bank of Egypt (CBE) Governor Hassan Abdalla participated as a keynote speaker in a high-level session titled “Africa’s New Growth Compact in a Turbulent World” at the Alamein Africa Forum, hosted by Egypt in New Alamein City. The forum, inaugurated by President Abdel Fattah Al-Sisi, brought together heads of…
Egypt’s Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty met with South Africa’s Minister of International Relations and Cooperation Ronald Lamola on Saturday on the sidelines of the Alamein Africa Forum to discuss strengthening bilateral relations and regional and…
Egyptian President Abdel Fattah Al-Sisi and South African President Cyril Ramaphosa discussed expanding economic, trade, and investment ties and welcomed the formation of a bilateral business council aimed at strengthening private-sector cooperation between the two countries. The talks were held in New Alamein on the…
Egypt’s Ministry of Health has launched a school health campaign for the 2026/27 academic year targeting around 7 million students during the first semester, alongside comprehensive medical examinations for approximately 5.5 million students across 21 governorates. The “Hanetghayar” campaign will focus on promoting…
The newly launched “Egypt Forum 2026” website recorded more than seven million views and 40,000 citizen registrations in its first three days online, the spokesperson for the Presidency of the Council of Ministers announced. The interactive platform, launched on October 1 ahead of the summit scheduled for October 19…
Egypt’s Prime Minister Mostafa Madbouly held a meeting to review the government’s progress in settling farmers’ dues for sugarcane deliveries and discuss procurement prices for strategic commodities, as Egypt continues to monitor essential food supplies and strategic reserves. The meeting was attended by Finance…
Egypt is preparing to overhaul the regulation of its real estate development market through a draft law establishing the Egyptian Federation of Real Estate Developers and introducing new rules for company classification, unit sales, buyer protection, and the handling of stalled projects. The draft law would require…
Arclyn Developments has entered Egypt’s real estate market through an Egyptian-Emirati investment partnership, with plans to develop an initial portfolio worth around EGP 20bn across three projects in the New Administrative Capital. The company’s ownership structure includes Emirati partner and board member Sheikh…
Regent Signature Developments has officially launched The Vie West Cairo, a 40-feddan residential and hospitality development in West Cairo, with residential investments exceeding EGP 15bn and hospitality investments of more than EGP 2bn. The project is designed around an integrated residential model combining…
NEAT Development has entered Egypt’s real estate market as a new brand under an investment group operating in real estate development and contracting, with plans to develop four projects with targeted investments of around EGP 10bn. The company is backed by six founders and partners with more than 13 years of…
Times Developments has launched Avelin Boutique in New Cairo in partnership with Lemon Spaces, a company specialising in the management and development of hospitality spaces. Under the partnership, Lemon Spaces will operate and manage 150 serviced apartments within the Avelin project, combining residential units with…
Madinet Masr has launched ETAJE, a residential and mixed-use project on the final residential plot within Taj City in New Cairo, with a targeted total sales value of around EGP 6.6bn. Located directly on the Ring Road, ETAJE spans approximately 26.4 feddans and is planned across three parcels. The project comprises 20…
Egyptian real estate developer Al Ismaelia for Real Estate Investment has become the first company in the Middle East and North Africa (MENA) to receive the World Economic Forum’s Beyond Tourism Impact Stars recognition in the Infrastructure and Real Estate category for its “Reviving Downtown Cairo” initiative. The…
Egyptian President Abdel Fattah Al-Sisi and Ghanaian President John Mahama discussed expanding trade, investment, and economic cooperation as Ghana prepares to assume the African Union (AU) presidency in 2027, with Egypt seeking closer coordination with Accra within the continental bloc. The meeting was held in New…
The founding member states of the New Partnership for Africa’s Development (NEPAD) have agreed to establish the Alamein Investment Platform by February 2027 and launch a continental facility for small and medium-sized enterprises by mid-2027 to address severe financial constraints facing the African Union Development…
Senegalese President Bassirou Diomaye Faye said his country shared Egypt’s position on the Nile and supported managing shared water resources through consultation, dialogue, and the principle of avoiding harm, in line with international law. Faye made the remarks during talks with Egyptian President Abdel Fattah…
Egyptian President Abdel Fattah Al-Sisi officially opened the 8th African Union Mid-Year Coordination Meeting on Sunday, utilizing the Mediterranean city of New Alamein to emphasize the urgent need for continental unity on water security, sovereignty, and economic integration. The summit brought together the Bureau of…
Egypt is working to link a digital crop-forecasting tool with its irrigation rotation system to calculate actual crop water requirements and distribute water through canals more precisely, the Ministry of Water Resources and Irrigation said. Water Resources and Irrigation Minister Hani Sewilam reviewed updates to the…
Egypt is seeking to strengthen its startup ecosystem by helping technology companies capitalise on opportunities created by artificial intelligence (AI), with a focus on developing scalable solutions that address real-world challenges, Ahmed Elzaher, CEO of the Information Technology Industry Development Agency…
Egyptian President Abdel Fattah Al-Sisi co-chaired a high-level summit of the founding nations of the African Union Development Agency (AUDA-NEPAD) on Saturday, utilizing the Mediterranean city of New Alamein to champion a new era of continental self-reliance and private-sector-led growth. The summit, co-chaired with…
Mohamed Farid, Minister of Investment and Foreign Trade, met with Admassu Tadesse, President of the Trade and Development Bank Group (TDB), on the sidelines of the Alamein Africa Forum to discuss opportunities to strengthen cooperation in trade and investment finance. The meeting was attended by the heads of the…
Egyptian Foreign Minister Badr Abdelatty met with his newly appointed Chadian counterpart, Ahmed Kogri, on Saturday to discuss strengthening bilateral relations and regional security on the sidelines of the Alamein Africa Forum. Following the diplomatic talks, the ministers witnessed the signing of a memorandum of…
Egypt is set to host the 2026 Arab Junior and Youth Golf Championship, bringing together more than 120 male and female players from 13 Arab countries at Madinaty Golf Club and Mirage City Golf Club. The championship will officially open on Wednesday, 7 October, with competitions taking place from 8 to 10 October…
Egyptian Prime Minister Mostafa Madbouly urged African nations to transform rapid urbanization from a demographic challenge into a primary engine for economic growth, industrialization, and job creation, speaking during a plenary session on cities and urban development at the Alamein Africa Forum on Saturday…
Egyptian President Abdel Fattah Al-Sisi held separate bilateral meetings with Somali President Hassan Sheikh Mohamud and Eritrean President Isaias Afwerki on Saturday, utilizing the Alamein Africa Business Forum to solidify Cairo’s strategic alliances across the Horn of Africa. The talks with the two Horn of Africa…
An Egyptian-Japanese archaeological team has completed the restoration and installation of 16 wooden pieces forming part of the floor of King Khufu’s Second Boat at the Grand Egyptian Museum (GEM), the Ministry of Tourism and Antiquities said. Restoration and reconstruction work on the remaining components of the…
The trade exchange between Egypt and the countries of the New Partnership for Africa’s Development (NEPAD) reached $1.1bn during the first seven months of 2026, compared to $1bn during the same period in 2025, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). In a statement issued on…
Egyptian President Abdel Fattah Al-Sisi met with Nigerian billionaire and industrialist Aliko Dangote on Saturday to discuss potential investments in Egypt’s energy, fertilizer, and cement sectors. The meeting took place on the sidelines of the Alamein Africa Business Forum and was attended by Egyptian Prime Minister…
Industrialists, financiers, and political leaders at the Alamein Africa Forum called for an immediate shift toward domestic value addition and regional industrialization, warning that raw material exports and regulatory fragmentation continue to penalize African economies. Speaking to over 1,500 business delegates…
Egyptian Prime Minister Mostafa Madbouly met with Tanzanian Vice President Deogratias Ndejumbi on Saturday to discuss potential Egyptian investments in the expansion of the Dar es Salaam port and broader bilateral cooperation across the agriculture and health sectors. Speaking on the sidelines of the Alamein-Africa…
Egyptian President Abdel Fattah Al-Sisi met with Burundian President and current African Union Chairperson Évariste Ndayishimiye on Saturday, securing strong backing for Cairo’s stance on Nile water security during talks on the sidelines of the Alamein-Africa Forum. Presidential Spokesperson Ambassador Mohamed…
The launch of the Distressed Factories Restructuring Fund, with total capital of EGP 1bn, marks a shift in the approach to industrial distress. It places existing assets and production capacities at the heart of the solution, rather than focusing solely on addressing debts or providing short-term financing. The fund…
In a strategic step reflecting tangible integration between monetary and industrial policies, Central Bank of Egypt (CBE) Governor Hassan Abdalla and Minister of Industry Khaled Hashem announced the launch of the Distressed Factories Restructuring Fund with initial capital of EGP 1bn. The significance of the…
The Financial Regulatory Authority (FRA) has approved the licensing of the Distressed Factories Restructuring Investment Fund under Licence No. 1033, with subscription for its units set to open on Sunday, 4 October. Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), and Khaled Hashem, Minister of Industry…
Somali Ambassador to Egypt Ali Abdi Awari said that coordination between Egyptian and Somali authorities is underway to complete arrangements for the return of eight Egyptian sailors who were recently released after being kidnapped off the coast of Somalia. Awari said he had contacted the eight sailors to check on…
The US Embassy in Cairo hosted “Pop-Up USA” in Mansoura, capital of Dakahleya Governorate in Egypt’s Delta, to celebrate the 250th anniversary of American independence with residents of the region. During the programme, Chargé d’Affaires Robert Silverman inaugurated an American Corner at the Misr Public Library of…
The Embassy of the Republic of Korea in Egypt held a reception at the Ambassador’s residence in Cairo to celebrate Korea’s National Day, which this year coincides with the 31st anniversary of the establishment of diplomatic relations between Korea and Egypt. The event was attended by around 400 guests, including…
The Embassy of India in Cairo, in association with the Egyptian Syndicate of Engineers, Federation of Egyptian Industries (FEI), and Engineering Export Promotion Council of India (EEPC India), organised a special webinar on engineering goods on 30 September 2026, bringing together Indian and Egyptian engineering…
Egyptian President Abdel Fattah Al-Sisi on Saturday called for greater trade and investment among African countries and a stronger private-sector role in continental integration, saying intra-African trade accounted for only about 18% of the continent’s total trade, as Nigeria’s Dangote Group expressed interest in…
Madinaty Golf Club concluded the second Asian Development Tour (ADT) tournament on Thursday, marking the end of a two-week stretch of international professional competitions at the venue. The event, which serves as the 14th tournament in the “Golf Egypt” series, featured a field of professional golfers from around the…
Egyptian actor Ahmed Hatem continues to establish a distinctive presence in the Egyptian film industry with his latest feature, Red Flag, which opened in cinemas on 9 September across Egypt, Saudi Arabia and several other Arab markets. Blending social comedy with an exploration of the complexities of romantic and…
Egypt’s Foreign Minister Badr Abdelatty called for intensified regional and international efforts to de-escalate tensions related to the crisis with Iran and prevent the conflict from widening, while stressing the need to preserve freedom of navigation in the Red Sea and Bab Al-Mandab and reject the use of maritime…
Egypt’s House of Representatives approved a draft law on Wednesday to postpone the implementation of the new Criminal Procedure Law by one year, moving the effective start date to October 1, 2027, instead of October 1, 2026. The final approval was granted during an emergency plenary session chaired by Counselor Hisham…
Eight Egyptian sailors held aboard the M/T Eureka off the coast of Somalia’s Puntland region since May 2 have been released following months of contacts by Cairo with Somali and Yemeni officials, Egypt’s Foreign Ministry said on Wednesday. The ministry said the release followed efforts overseen by President Abdel…
Egyptian Prime Minister Mostafa Madbouly directed relevant ministers to increase strategic reserves of essential commodities and petroleum products to ensure long-term supply stability amidst ongoing regional geopolitical challenges. During the weekly cabinet meeting in the New Administrative Capital on Wednesday…
Mostafa Hassan, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), said the agency is working to strengthen its mechanisms as a key catalyst for the growth and development of the enterprise sector during the coming period by providing an integrated package of financing, technical support, youth…
The Egyptian Drug Authority (EDA) is seeking to strengthen regulatory cooperation with China and expand partnerships in pharmaceutical manufacturing, vaccines, and technology transfer, according to a statement issued by the authority on Wednesday. EDA Chairperson Ali El-Ghamrawy met with Yang Xing, Deputy Commissioner…
Alaa Farouk, Minister of Agriculture and Land Reclamation, met with members of the board of the Desert Land Development and Reclamation Chamber at the Federation of Egyptian Industries, headed by Amr El-Hefny, to discuss ways to increase private-sector participation in agricultural horizontal expansion projects…
Mostafa Sheikhoun, Chairperson of the Suez Canal Economic Zone (SCZONE), received Eric Gaudiosi, Deputy Chief of Mission at the US Embassy in Cairo, and his accompanying delegation to discuss ways to strengthen economic and investment cooperation between the two sides and review investment opportunities available…
Ahmed Rostom, Minister of Planning and Economic Development, met with a high-level delegation of executives from Fitch Ratings to review the latest indicators of Egypt’s economic performance and discuss the government’s efforts to advance economic and structural reforms amid ongoing geopolitical and regional…
Water Resources and Irrigation Minister Hani Sewilam said Egypt relies on the Nile for 98% of its water resources originating outside its borders, calling for cooperation among Nile Basin countries based on international law and principles including no harm, prior notification, consultation and data sharing. Sewilam…
Egypt’s minister of investment and foreign trade discussed expansion and investment opportunities with six French and international companies in Paris, aiming to attract capital that adds value to the economy and connects Egyptian production to global value chains. During the Egyptian-French Business Forum, Minister…
The Egyptian Exchange (EGX) and the Abu Dhabi Securities Exchange (ADX) have signed a strategic memorandum of understanding (MoU) to enhance market integration, develop financial services, and boost international investment flows between Egypt and the United Arab Emirates. The agreement was signed on the sidelines of…
Full support for Saudi Arabia’s security and a categorical rejection of any attacks on its territory were affirmed during a phone call between the Egyptian and Saudi foreign ministers on Tuesday, the foreign ministry in Cairo said. Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr…
Information technology company Craft Crew has signed a cooperation agreement with the Endowments of Prince Musaad bin Abdulrahman University, formerly the Saudi Electronic University, to collaborate on digital transformation and artificial intelligence. The agreement aims to develop innovative technical solutions and…
Pakistan’s First Lady Bibi Asifa Bhutto Zardari has warmly congratulated Fatima Ezzahra El Mansouri on her historic appointment as the first female prime minister of the Kingdom of Morocco, expressing hope that the milestone will inspire women across the Muslim world to pursue leadership roles. The First Lady stated…
Egypt’s target of increasing annual textile and garment exports to $20bn by 2030 remains achievable, but reaching it will require a new strategy focused on accelerating export growth and integrating more Egyptian companies into global value and supply chains, said Mahmoud Ghazal, Member of the Textile Industries…
Innovo Build and Redcon Construction have formed a strategic alliance to execute infrastructure and contracting works for the DP03 East package at the Wadi Yam project in Ras El Hekma on Egypt’s North Coast, with the contract valued at more than EGP 12bn. The alliance secured the contract through a competitive tender…
ORA Iraq has signed a contract with CRC Dorra for the construction works of Phase One of Madinat Al Ward, in the presence of ORA Chairperson Naguib Sawiris and Dorra Group Vice Chairperson Mohamed Dorra. The agreement marks a further step in the development of the project and reflects ORA’s focus on partnering with…
Tarek El-Kholy, Deputy Governor of the Central Bank of Egypt (CBE), said bank financing directed to small enterprises has reached around EGP 301bn, while bank and non-bank financing for microenterprises has exceeded EGP 107bn. Of this amount, around EGP 33bn represents direct financing from banks, while approximately…
Egypt is working to develop integrated value chains across its mining sector, linking mineral extraction with processing, refining, and mineral-based manufacturing to increase the added value of its natural resources and support industrial growth, Minister of Industry Khaled Hashem said. Speaking at a panel titled…
President Abdel Fattah Al-Sisi said Egypt would continue to prioritise diplomacy and peaceful solutions in dealing with Ethiopia’s dam, but stressed that this would not come “at the expense of Egypt’s existence and its people”, while noting that Cairo was also expanding desalination, water treatment, and water reuse…
Chairperson of The Marketing House, Mai El-Nahrawy, said that the company is organizing the International Conference on Infertility and In Vitro Fertilization (IVF), which will be hosted by Alexandria on Thursday, October 1, in cooperation with the Mediterranean Society, marking the conference’s return to Egypt…
The Strategic Co plans to sell between 10,000 and 15,000 sqm of exhibition space across its events in 2027, as part of a plan to organise four exhibitions next year, up from one in 2025 and two in 2026. The 2027 lineup will include two editions of Launchpad Expo, alongside two new specialised events —
Water Resources and Irrigation Minister Hani Sewilam joined the opening of the Euro-Mediterranean Water Forum 2026 in Rome on Tuesday, where policymakers and experts are discussing desalination, water reuse, and non-conventional water resources as part of efforts to address growing water scarcity and climate pressures…
Egyptian Health Minister Khaled Abdel Ghaffar and Uganda’s Minister of State for Primary Health Care Charles Ayume discussed expanding Egyptian pharmaceutical and vaccine exports to the Ugandan market, exploring joint investment in vaccine and drug manufacturing, and reviving cooperation to combat hepatitis C in…
Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), has issued a decision introducing a comprehensive update to the rules governing the underwriting and pricing of credit and guarantee insurance policies. The new rules aim to strengthen underwriting, pricing, reinsurance, and risk-management…
The US-Iran confrontation has entered its seventh month without achieving any progress or tangible results on the issues for which the war was launched. On the contrary, the situation has become even more complicated after the Strait of Hormuz was turned into an additional issue with potentially devastating economic…
In the final week of September 2026, the American political landscape appeared more complicated than the headlines suggested. Much of the attention focused on President Donald Trump’s September 22 address to the United Nations General Assembly, including his threats against Iran and his claim to have helped settle…
The government is prepared to provide various incentives and directly enter into partnerships to accelerate mining projects to the production phase, Egypt’s prime minister said on Tuesday. Mostafa Madbouly made the remarks during a roundtable discussion titled “From Discovery to Industrial Development: Building…
The Central Bank of the UAE and the Central Bank of Egypt (CBE) renewed a currency swap agreement between the UAE dirham and the Egyptian pound on Tuesday. The nominal value of the swap agreement is AED 5bn, equivalent to EGP 69bn, and extends for five years. The renewal reflects the ongoing commitment of
Bank NXT has signed an EGP 2.1bn credit facility agreement with Ezz Elarab Elsewedy Investments to finance the expansion of its automotive factories and the establishment of a new automotive paint plant. The transaction is part of Ezz Elarab Elsewedy’s plans to expand its industrial operations, strengthen production…
The second Asian Development Tour (ADT) tournament has teed off at Madinaty Golf Club, marking the 14th event in the Golf Egypt Series and bringing together professional golfers from around the world. The tournament began on Monday, just two days after the conclusion of the first ADT event at Madinaty, which featured…
Egypt’s Dahab has ranked first among outdoor dining destinations in the Middle East in the 2026 IQOS Outdoor Dining Index, with five Egyptian destinations appearing among the region’s top 10. The index, launched by IQOS, a tobacco heating system from Philip Morris International (PMI), assesses destinations across the…
Arab African International Bank (AAIB) has expanded its employee training framework over the past three years to prepare more than 3,000 staff members for future leadership roles and develop the next generation of CEOs, the bank said. The bank recently marked the graduation of members of its senior management team…
President Abdel Fattah Al-Sisi said Egypt is seeking to expand its partnership with AngloGold Ashanti, operator of the Sukari gold mine, to cover exploration, technology transfer, and local supply-chain development, as the company announced plans for additional investment in several promising mining sites in Egypt…
The minister of finance stated he is seeking to increase Qatari investments in the energy and tourism sectors, while targeting more diverse financing tools to stimulate private investment in developmental projects. During a meeting with Qatari Minister of Finance Ali bin Ahmed Al Kuwari on the sidelines of the Asian…
Egypt is targeting an increase in the mining sector’s contribution to gross domestic product (GDP) to around 6% in the coming period as the government seeks to attract more investment, expand exploration and production, and increase the local value added of mineral resources. The target was announced by Minister of…