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Economic policy, infrastructure, prices and public services across Egypt.
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President Abdel Fattah El-Sisi met with Claudio Descalzi, CEO of Italian Eni, in New Alamein to discuss the company’s $8.5 billion investments in Egypt and plans to expand exploration and production…
Read the full brief →Mohamed Farid, Minister of Investment and Foreign Trade, met with representatives of Italian companies Proger and Drexel to review a planned $278 million project to produce second-generation bioethanol from…
Alabama’s attorney general on Monday subpoenaed OpenAI for more information related to its AI agents autonomously hacking into another company’s servers in July. The subpoena is part of an investigation…
BG Delta Limited, a subsidiary of Shell plc, and its partners have taken a Final Investment Decision (FID) on the Phase 12a development project in Egypt’s West Delta Deep Marine (WDDM) concession offshore…
Saudi Aramco, Saudi Arabia’s state-owned energy giant, has signed agreements and a memorandum of understanding (MoU) with French companies with a potential combined value exceeding $3.7 billion, as part of…
The Financial Regulatory Authority (FRA) has initiated criminal proceedings, revoked a chief executive’s licence, and imposed a one-month ban on new contracts for a consumer finance company found to have…
The Ministry of Supply and Internal Trade and the World Food Programme (WFP) have agreed to a joint action plan running until July 2027 to develop a comprehensive market efficiency index and shift state…
The private sector currently accounts for nearly 60% of total investments in Egypt as improving economic indicators drive international risk assessments to their lowest levels since 2014, Finance Minister…
Transport Minister Kamel El-Wazir has pitched opportunities for US companies to manage and operate key port terminals and establish joint industrial zones in a bid to position Egypt as a regional…
The Suez Canal Economic Zone (SCZone) attracted 117 new projects in its industrial areas with investments totalling approximately $7.3bn during the concluded fiscal year (FY) 2025/26, its chairperson…
International investors have lowered their assessment of investment risk in Egypt to its lowest level since 2014 in response to recent economic reforms, Finance Minister Ahmed Kouchouk said. Speaking at an…
Egypt is strengthening its position as a regional investment and business hub as Gulf companies and international investors increasingly look to the country as a long-term base for expansion, according to…
Aqar Exit has launched operations in Egypt’s real estate market, aiming to help customers facing difficulties meeting property-related financial obligations exit their units and recover amounts already…
Egypt has approved the establishment of a special free zone for the newly established Fujairah Alamein Oil and Gas Company in New Alamein on Friday, 21 August, as part of a project focused on the storage…
An international study led by The American University in Cairo (AUC) has found that electronic, industrial and plastic waste could serve as a valuable source of high-performance materials for…
Egyptian exporters signed 17 contracts worth an estimated $168m with Chinese importers during the “Export to China” event, as the government seeks to expand and diversify Egyptian exports to the Chinese…
Egyptian officials laid the foundation stone on Wednesday for a $658m industrial complex to produce phosphoric acid from phosphate ore at the Abu Tartour plateau in the New Valley Governorate. The facility…
Parkin Company PJSC, Dubai’s provider of paid public parking facilities and services, has signed a Memorandum of Understanding (MoU) with Modon Misr for Asset & Facility Management, Mwasalat Misr, and…
Type 2, no AI processing
BAGHDAD, Oct. 19, 2005 — Saddam Hussein goes on trial today, the first of several expected cases on atrocities committed during his decades in power. He is charged with three former lieutenants and four Baath officials over the 1982 killing of Shi’ite Muslims in Dujail, north of Baghdad, with all facing the death penalty if […] The post Saddam trial starts…
Alameda Healthcare Group has concluded the second edition of its annual conference, held under the patronage of Prof. Dr. Khaled Abdel Ghaffar, Minister of Health and Population, on October 14 and 15, 2026, at Sofitel Cairo Downtown Nile. More than 150 scientific sessions and broad participation from government, medical and academic leaders underscore the…
Dalia Khorshid, group chief executive and managing director of Beltone Holding, has been featured on Forbes Middle East’s “Sustainability Leaders 2026” list for the third consecutive year, ranking third in the financial services category. Khorshid is one of 14 Egyptian leaders on this year’s list, which recognises 145 executives from across the region in…
Popcorn AI Studio, the Dubai-based artificial intelligence platform transforming how films and video content are created, has announced $1 million in pre-seed funding, a significant milestone in its mission to reshape creative production. The funding was led by Emirati serial entrepreneur and investor Mohammed Bin Bouta Alharsoosi. The AI-powered creative…
Six Saudi citizens were injured and property was damaged after a projectile struck a residential area in the southern city of Najran on Sunday, the Saudi Civil Defence said. The Civil Defence in Najran responded to the incident after a projectile launched by Yemen’s Houthi militia hit a residential site, its official spokesperson said, according […] The…
Egypt’s Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates, Badr Abdelatty, held a phone call with his Saudi counterpart, Prince Faisal bin Farhan, on Sunday to discuss ongoing regional developments and the importance of de-escalation. In a post on X, Abdelatty said he had spoken by phone with the Saudi foreign minister about…
The Minister of Petroleum and Mineral Resources, Karim Badawi, has announced that Egypt will launch the first phase of an advanced offshore seismic survey within two weeks, covering approximately 18,000 square kilometres of Egyptian waters in the Eastern Mediterranean. The project will use Ocean Bottom Node (OBN) technology to improve geological imaging,…
Sarah Saad Al Azhar has called for the urgent formation of a mediation committee of respected figures from Arab and Islamic countries to help end wars and conflicts in the region. In a statement issued on Sunday, Al Azhar Grand Imam Ahmed el Tayyeb urged Arab and Muslim nations to stop fighting immediately and resolve […] The post Al Azhar urges mediation…
French President Emmanuel Macron on Sunday expressed the public’s “anger” and “shame” over nationwide protests against rising living costs and poor conditions in schools that have resulted in at least 1,800 arrests. Speaking in an address to the nation, Macron said: “Those who looted will have to pay back for the damage, and those who […] The post Macron…
VATICAN CITY (Reuters) – Pope Leo pledged on Sunday to slowly resume his usual activities as the leader of the world’s 1.4 billion Catholics as he greeted crowds in St. Peter’s Square during his first public event since undergoing surgery for lung cancer five days ago. The 71-year-old pontiff had an operation on Tuesday to […] The post Pope pledges…
LONDON — Noni Madueke’s late goal sealed Arsenal’s 1-0 win over Nottingham Forest on Sunday as the champions survived a scrappy display to close the gap on English Premier League leaders Manchester City. Mikel Arteta’s side were well below their best at the City Ground and did not register a shot on target until Madueke […] The post EPL: Arsenal edge past…
The Minister of Civil Aviation, Sameh El-Hefny, has met the Ambassador of Slovenia to Cairo, Sašo Podlesnik, to discuss ways to enhance bilateral co-operation in civil aviation, strengthen air connectivity and unlock new opportunities for tourism and economic growth between the two countries. The meeting, held at the headquarters of the Ministry of Civil…
LONDON — Manchester United ended a turbulent week with a frustrating 1-1 draw at Leeds on Sunday that does little to ease the pressure on beleaguered manager Michael Carrick. The Red Devils travelled to the home of their bitter rivals desperate to find a spark after just two wins in nine games in all competitions […] The post EPL: Leeds rally to deny Man…
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 ranking of the world’s […]
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 Investment and Foreign Trade, and Randa […]
Egypt’s cultural legacy spans millennia, but the challenges facing its monuments are firmly of the present: climate change, natural disasters, conflict and the illicit trade in antiquities. The country is looking to deepen its international partnerships to confront those threats, joining the Alliance for Cultural Heritage in Asia (ACHA) as a partner…
Egyptian farmed fish and crustaceans will be eligible for export to all 27 European Union (EU) member states starting 4 November, following Brussels approval of the country’s aquaculture monitoring plan, opening a lucrative market to Africa’s largest fish-farming nation, on 14 October by adopting Implementing Regulation 2026/2228. The approval comes as…
Egypt is planning to begin the first phase of an advanced offshore seismic survey in the Eastern Mediterranean within two weeks, covering 18,000 square kilometers (sq km), to identify new natural gas exploration prospects, Minister of Petroleum and Mineral Resources Karim Badawi said in a ministry statement on October 18. The survey will use ocean-bottom…
Economy & FinanceEgyptian 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 Minister and Foreign Minister Mohammad…
Minister of Petroleum and Mineral Resources Karim Badawi has stressed the importance of maximising the added value of Egypt’s mineral resources through integrated industrial projects that strengthen domestic production, expand exports and attract high-value investments. The Minister made the remarks during a meeting with Fertiglobe Chief Executive Officer…
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 Safety Authority (NFSA) and other…
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 access to non-banking financial…
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 included Daniel Lam, Regional Director…
WASHINGTON (Reuters) – The United States wants Israel to do more to deter attacks committed by settlers in the West Bank, US Secretary of State Marco Rubio said on Saturday. “We’re very disturbed by those images and what we’re seeing,” Rubio said. “We’ve asked the Israelis and continue to ask them to crack down on […] The post US wants Israel to ‘crack…
PARIS — Marseille picked up a much-needed win in Ligue 1 on Sunday as they thumped Angers 5-2 to pull away from the relegation zone. Lilian Raolisoa gave Angers the lead but Marseille replied with goals before halftime from Himad Abdelli and Nouhoum Kamissoko. Amine Gouiri scored his fifth goal of the season for Marseille […] The post Marseille thrash…
WUHAN (China) — Maja Chwalinska pulled off an impressive comeback to defeat Britain’s Sonay Kartal 2-6, 6-4, 6-2 and claim the first tour-level title of her career at the Wuhan Open on Sunday. The Polish 16th seed trailed by a set and a break before she turned things around to become just the fourth player […] The post Chwalinska grabs Wuhan Open title…
The Ministry of Health and Population has held a high-level meeting with a delegation from global biopharmaceutical company Pfizer to explore opportunities for strengthening pharmaceutical security, localising critical industries and advancing healthcare cooperation in Egypt. The meeting was attended by Minister of Health and Population Khaled…
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 SCZONE’s priority sectors for industrial…
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 World Investor Week, organised by the…
Fertiglobe is considering an integrated phosphate fertilizer complex in Ain Sokhna, Egypt, with investments exceeding $1.5 bn and an annual production capacity of 1.3 million tons (mmt), according to a Ministry of Petroleum and Mineral Resources statement published on October 18. The proposed complex would produce diammonium phosphate (DAP) fertilizer,…
Economy & FinanceEgypt 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 Sunday with Hidetaka Matsuo, CEO of…
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 meeting at the ministry’s headquarters…
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 plants affiliated with three drinking…
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 paediatric oncology, outline his approach to…
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 Tamer Hosny. Islam Ghoneim, CEO of Ghoneim…
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; OKOPLAN Landscaping; Archi Light, part of…
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 the extension of South 90th Street in…
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 amid […]
Venezuela is expecting to attract approximately $76 bn in investment in its oil and natural gas sectors over the next five years as the government seeks private capital to boost production, interim President Delcy Rodríguez said on October 18, Bloomberg reported. Rodríguez announced the estimate at the close of an energy conference in Maracaibo, the […]…
Economy & FinanceEgypt’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 4.575 […]
The United States has resumed providing Ukraine with critical intelligence to help defend against Russian missile strikes after a brief pause, President Volodymyr Zelenskiy said in comments published on Sunday. Ukraine has relied on US intelligence to spot the fast-moving ballistic missiles that Russia has fired in waves at its cities. Speaking to NBC’s…
Türkiye will receive part of the diesel Russia is supplying to global markets under an agreement with US President Donald Trump, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said on October 18, according to Reuters. Bayraktar said Russia had restricted diesel exports in recent months before reaching the agreement with Trump. He added…
Economy & FinanceTAYBEH, West Bank (Reuters) – Israeli settlers attacked Palestinian civilians, European diplomats and a French mayor in the occupied West Bank on Saturday, Belgium’s foreign minister said, a day after settlers beat an American photojournalist. Maxime Prevot said Belgium’s consul general to the Palestinians, French and Polish diplomats, and Catholic…
The Minister of Education and Technical Education, Mohamed Abdel Latif, met on Sunday with the Chief Executive Officer of Japan’s Kyoto Eikokan educational group, Hidetaka Matsuo, and a delegation from Kyoto University of Nursing and Health Sciences to discuss strengthening bilateral co-operation in technical education and advancing the implementation of a…
Egypt’s National Defense Council pledged to provide Saudi Arabia with all necessary and possible support to protect its security and territorial integrity, following a meeting chaired by President Abdel Fattah el-Sisi on Sunday, 18 October, according to a statement by the Egyptian Presidency. The meeting, held at Ittihadiya Palace in Cairo, addressed…
China’s exports of solar cells and panels by weight fell 6.4% year on year (YoY) in September to 1.21 million metric tons (mmt), Reuters reported on October 18, citing customs data. The volume increased from 840,000 metric tons in August, according to Reuters. However, exports for the first nine months of the year declined 9.5% […] The post China’s Solar…
Economy & FinanceSHANGHAI — Alejandro Davidovich Fokina fought back to beat rising star Rafael Jodar in the final of the Shanghai Masters on Sunday to claim the biggest title of his career. The gutsy world number 26 from Spain outlasted his tiring compatriot 1-6, 7-6 (7/5), 6-4. “I don’t know what to say, I don’t know what […] The post Fokina claims Shanghai Masters…
PARIS (Reuters) – France woke on Sunday to the wreckage of one of its most violent days of unrest in years after protests over high prices and public services left one demonstrator dead, hundreds of police injured and nearly 1,800 people arrested. Nationwide demonstrations erupted into riots on Saturday, with a town hall torched, shops […] The post France…
Prime Minister Mostafa Madbouly has stressed the government’s commitment to strengthening social protection, improving coordination among government policies and programmes, and ensuring the efficient allocation of resources to meet citizens’ basic needs, particularly those of the most vulnerable groups. The prime minister made these remarks during a…
The Civil Court of Genoa in Italy has ordered on 14 October the maritime certification company RINA SpA to pay more than EUR 60 million (EGP 3 billion) in compensation to relatives and survivors of about 700 victims of the Egyptian ferry Al Salam Boccaccio 98, which sank in the Red Sea in 2006. The first-instance ruling, signed by Judge Daniele Bianchi,…
Minister of State for Military Production Major General Salah Suleiman Gomblat reviewed on Sunday work progress in the projects being implemented under the presidential “Hayah Karima” (Decent Life) The minister held an expanded meeting on Sunday with officials from ministry and National the Authority for Military Production, as part of efforts to…
Moody’s Ratings, one of the world’s major credit-rating agencies, has upgraded Egypt’s long-term credit rating to B3 from its previous level, maintaining a positive outlook as the country makes progress on economic reforms, strengthens its foreign currency reserves, and works to reduce government debt. The Egyptian Cabinet announced the upgrade on…
Egypt’s Minister of Foreign Affairs, International Co‑operation, and Egyptian Expatriates, Badr Abdelatty, and Somali Foreign Minister Abdulsalam Abdi Ali, discussed on Sunday regional developments and issues of mutual interest. According to Foreign Ministry Spokesman Nader Zaki, the phone call reviewed prospects for boosting bilateral relations and…
Minister of Investment and Foreign Trade Mohamed Farid has stressed the importance of promoting financial, investment and export literacy, particularly among young people. Farid made the remarks during an opening bell ceremony at the Egyptian Exchange (EGX) on Sunday to mark World Investor Week, organised by the International Organisation of Securities…
The Information Technology Industry Development Agency (ITIDA) and the National Telecommunication Institute (NTI) honoured the top-performing graduates of the 2026 Summer Training Programme during a ceremony held at ITIDA’s headquarters in Smart Village. A total of 10,485 university students from across Egypt participated in the programme, which focused on…
The Louvre is gradually plugging the security gaps exposed by the spectacular burglary of October 19 last year, but its reputation has taken a battering and its creaking infrastructure is a growing source of concern. The beloved Parisian museum, the most visited in the world, has spent a year as the subject of police investigations, […] The post Louvre…
Egypt’s financial regulator approved six companies on Sunday, 18 October, to offer lending, investment and other financial services using financial technology, known as fintech, as it works to bring more people into the formal financial system. The Financial Regulatory Authority (FRA), which oversees financial businesses other than banks, said the…
New York — Bland, AI-generated posts have made LinkedIn the butt of many an internet joke this year. The platform has heard its users’ complaints about lengthy, generic missives never touched by human hands loud and clear. As AI has made it easier than ever to create huge volumes of content cheaply and easily, that “slop” … The post Even LinkedIn is…
Ukraine’s President Volodymyr Zelensky praised “real leaders” in Europe at a summit in Belgium on Friday, taking a veiled swipe at US President Donald Trump amid testy relations between Kyiv and Washington. European leaders are rallying around Zelensky after the White House heaped pressure on Ukraine to halt strikes on Russian oil facilities, even as … The…
Rome — Pope Leo XIV has made his first major public appearance since his lung cancer surgery, saying the experience brought him closer to all those who suffer, from the same spot in the Vatican he announced a week ago he needed an operation. The 71-year-old pontiff lead the Sunday Angelus from the balcony of the … The post Pope Leo leads Sunday prayers in…
Opportunity Intelligence
Parkin signs MoU with Modon Misr, Mwasalat Misr and Redcon to explore expansion into Egypt The market entry may create demand for parking technology, payment systems, transport integration, data services, and operating support across Technology, Transportation, Infrastructure. This is an analytical inference from the reported development, not an opportunity explicitly offered by the source. Foreign participation requirements are not yet clear.
Egyptian exporters signed 17 contracts worth an estimated $168m with Chinese importers during the “Export to China” event, as the government seeks to expand and diversify Egyptian exports to the Chinese market. This may create supply-chain, market-entry, distribution, and logistics questions for Exporters, Importers, Businesses working across Import/Export, Logistics, Agriculture. The opportunity follows closely from confirmed project or market activity, but access details are not yet complete. Foreign participation requirements are not yet clear.
Egyptian officials laid the foundation stone on Wednesday for a $658m industrial complex to produce phosphoric acid from phosphate ore at the Abu Tartour plateau in the New Valley Governorate. The project may create future demand for equipment, construction support, logistics, industrial services, and export infrastructure across Manufacturing, Construction, Logistics. The opportunity follows closely from confirmed project or market activity, but access details are not yet complete. Foreign participation requirements are not yet clear.
