Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), held talks with Amr Abdel Moneim, CEO of the Upper Egypt Development Authority, to strengthen institutional cooperation and support economic development across (...)
Maya Morsy, Minister of Social Solidarity, held a meeting with the team overseeing the Strategic Financial System for Economic Empowerment at the Ministry, in the presence of Hala El-Said, Economic Adviser to the President, to review the programme's (...)
Lucky, Egypt's fast-growing financial technology company, has raised $23m in a Series B round combining equity and debt, as it accelerates its expansion into North Africa's consumer credit market.
The round drew support from Disruptech Ventures and (...)
Egypt plans to drill more than 100 exploratory wells by 2026 as part of an ambitious strategy to enhance domestic oil and gas production, Petroleum Minister Karim Badawi said on Tuesday.
Speaking during a roundtable meeting with members of the (...)
Egypt's Minister of Water Resources and Irrigation, Hani Sewilam, said on Tuesday that Egypt is working with the United Nations Development Programme (UNDP) to expand climate adaptation projects in the water sector, with a focus on coastal (...)
Mokhtar Abdel Latif, Chairperson of the Arab Organization for Industrialization (AOI), held talks, on Tuesday, with Jules Banza Mwilambwe, Chief of Staff of the Armed Forces of the Democratic Republic of the Congo, to explore avenues for (...)
Eni has discovered an estimated 2 trillion cubic feet (Tcf) of gas and 130 million barrels of associated condensates in Egypt's Eastern Mediterranean, the company announced.
The find was made through the successful drilling of the Denise W 1 (...)
Egypt's Prime Minister Mostafa Madbouly held a meeting on Tuesday to review the financial position of the Egyptian Authority for Unified Procurement, Medical Supply and Technology Management (UPA), alongside progress in settling outstanding dues to (...)
Egypt's Minister of Investment and Foreign Trade, Mohamed Farid Saleh, has ordered the formation of an executive committee to accelerate digital transformation across all ministry bodies to streamline procedures and reduce service times for (...)
Alaa Farouk, Minister of Agriculture and Land Reclamation, announced that total financing disbursed under the National Veal Project has reached EGP 10.408bn to date, benefiting 45,575 small-scale breeders and young graduates. The funding has (...)
Egypt's Minister of Industry Khaled Hashem held discussions with a delegation from the American Chamber of Commerce in Egypt, led by Chairperson Omar Mehanna, to explore ways of strengthening trade and industrial cooperation between Egypt and the (...)
Finance Minister Ahmed Kouchouk stated that spending priorities in the state's general budget for the fourth quarter (Q4) of the current fiscal year 2025/26 have been adjusted in response to ongoing exceptional conditions.
In a statement issued on (...)
The conflict involving the United States and Israel on one side and Iran on the other has intensified sharply as a deadline set by U.S. President Donald Trump for Tehran to accept U.S. demands approaches, with escalating threats targeting critical (...)
Australia, Japan, and Portugal have backed Egyptian efforts to contain regional military escalation and support a diplomatic path to avoid an "explosion" of violence, Egypt's foreign ministry said on Tuesday.
Foreign Minister Badr Abdelatty held (...)
Egypt has received three giant quay cranes and six yard cranes at the Safaga 2 multipurpose terminal, Transport Minister Kamel al-Wazir announced on Tuesday.
The delivery of the "super post-panamax" cranes, manufactured by China's Shanghai Zhenhua (...)
Central Bank of Egypt (CBE) Governor Hassan Abdalla and Supreme Council for Media Regulation Chairperson Khaled Abdelaziz have signed a cooperation protocol aimed at strengthening coordination between the two institutions and establishing a (...)
Minister of State for Military Production Salah Gamblat met with Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), to discuss expanding cooperation across a range of manufacturing sectors.
The Monday meeting (...)
The Engineering Export Council of Egypt has launched a trade mission to Tunisia, bringing together 16 Egyptian companies as part of efforts to expand the global footprint of Egypt's engineering exports.
In a statement on Monday, the council said the (...)
Minister of Industry Khaled Hashem held an extensive meeting with Mohamed El-Sewedy, Chairperson of the Federation of Egyptian Industries, and members of the Petroleum and Mining Chamber, led by Tamer Abdel Hamid Abu Bakr, to explore ways to (...)
Mideast Communication Systems (MCS) has signed a memorandum of understanding with Egypt's Ministry of Petroleum and Mineral Resources to enhance cybersecurity capabilities and develop skilled human capital across the petroleum sector, as part of (...)
Egypt's Minister of Agriculture and Land Reclamation, Alaa Farouk, held talks with Ahmed El Bouari, Morocco's Minister of Agriculture, Maritime Fisheries, Rural Development, Water and Forests, to explore ways to strengthen bilateral cooperation (...)
Gulf energy markets faced widespread disruption on Sunday as Saudi Arabia applied record oil premiums and Qatar declared Force Majeure on a portion of its gas exports following Iranian attacks that also damaged infrastructure in Kuwait and the (...)
Eighteen right-wing Israeli lawmakers have demanded the military expand plans to destroy villages along the Lebanese border and ensure the "complete evacuation" of residents south of the Litani River, as Israeli air strikes killed at least 11 people (...)
Sudan's head of Sudan's Sovereignty Council, General Abdel Fattah al-Burhan, said on Monday that the Sudanese people hold the exclusive right to self-determination and choosing their government, as he announced a comprehensive reshuffle of the (...)
Egypt's trade deficit widened to $4.8bn in January 2026, up from $4.2bn in the same month of 2025, marking a 15% year-on-year increase, according to Central Agency for Public Mobilization and Statistics (CAPMAS).
In a statement issued on Monday, the (...)