Egypt recorded a 15.6% increase in inbound tourist arrivals during the first quarter (Q1) of 2026 compared to the same period last year, according to Minister of Tourism and Antiquities Sherif Fathy. The announcement followed Fathy’s visit to New York, where he met with leading US travel and tourism media outlets and held talks with…

By Mohamed Attia EgyptAir is set to expand its North American presence with the launch of new direct flights from Cairo to Chicago and Los Angeles. Chairman and Managing Director of EgyptAir Holding Company Captain Ahmed Adel confirmed that these routes are scheduled to begin operations throughout May and June.  This strategic expansion is designed…

Chevron has begun drilling a new natural gas well in the Mediterranean’s Narges field, part of a strategic push to boost Egypt’s local production and increase the US energy major’s regional output by up to 50 per cent over the next five years. Egyptian Minister of Petroleum and Mineral Resources Karim Badawi inspected the start…

Growing up in India, Shubhangi Seth had always imagined her dream wedding on the mesmerizing shores of Italy’s Lake Como, ringed by stunning alpine peaks and piercing blue water. It’s where celebrities like George and Amal Clooney as well as John Legend and Chrissy Teigen exchanged vows. But as the years passed, the Mumbai resident…

(MENAFN - mslgroup) Abu Dhabi, UAE – May 13, 2026: ADNOC Distribution (ISIN: AEA006101017) (ADX: ADNOCDIST), the leading mobility and convenience retailer in the UAE, reported strong financial and ...

Egypt’s Financial Regulatory Authority (FRA), chaired by Islam Azzam, has approved licences and authorisations for eight companies to operate across a range of non-banking financial activities. The approvals aim to support the expansion of healthcare management programmes, investment funds, and consumer finance services, while strengthening the investment environment and broadening access to financial services in…

By Mohamed Attia The Egyptian Airports Company (EAC) recorded strong operational and financial indicators during the period from July 2025 to the end of April 2026, compared to the same period of the previous fiscal year. The company’s operational and financial performance showed notable growth across various sectors, driven by an increase in flight and…

Ahmed Rostom, Minister of Planning and Economic Development, met with Ethiopis Tafara, International Finance Corporation (IFC) Vice President for Africa, to discuss practical steps to strengthen bilateral cooperation and review progress on activating Egypt’s infrastructure financing and guarantee mechanism. The meeting was attended by Ousmane Dione, Vice President of the World Bank for North Africa,…

Hong Kong/Seoul —  Samsung Electronics has become one of the leading beneficiaries of the global artificial intelligence boom. Surging demand for semiconductors has turned South Korea’s largest corporation into a $1 trillion company this year, propelling Seoul’s stock market to rank as the world’s sixth-largest. But one segment of the country is unhappy with the result:…

(MENAFN - News.Africa-Wire) JOHANNESBURG, South Africa, May 18, 2026/ -- Each year, the African Energy Industry–– –African Energy Person of the –ear– award celebrates individuals who have positively ...

Housing and Development Bank (HDB) delivered robust financial and operational performance during the first quarter (Q1) of 2026, supported by the effective execution of its ambitious 2025-2030 strategy. The results were reflected in growth across key business indicators, reinforcing the bank’s position among Egypt’s leading universal commercial banks. The bank’s standalone financial results showed net…

By Mohamed Attia Minister of Civil Aviation Sameh el-Hefny officially opened the 38th IATA Ground Handling Conference in Cairo. He emphasised that the aviation industry has become a major driver of the global economy, with ground handling services acting as the essential backbone of airport operational efficiency. To keep up with rapid global travel growth,…

Toyota Egypt Group has officially entered the electric vehicle (EV) market in Egypt for the first time with the launch of two new models: the Toyota bZ4X and the Lexus RZ. The introduction of the vehicles, announced during an event at the Grand Egyptian Museum, aligns with the state’s emissions reduction targets and marks a…

CAIRO, May 21 (MENA) – Prime Minister Mostafa Madbouly directed the preparation of a precise executive plan for the State Ownership Policy Document, identifying the targeted sectors over the coming three years, noting that the plan is clearly linked to the State-Owned Companies Unit. Madbouly also instructed that companies already listed for public offerings on…

(MENAFN - Mid-East Info) Space used to be easy to file under–science fiction, rockets and very expensive smoke.– That is changing. The space economy is becoming part of everyday infrastructure, from ...

Banks and mortgage companies participating in the Affordable Housing Initiative have provided financing worth EGP 73.09bn to more than 583,700 clients until August 2024. According to a report from the Social Housing and Mortgage Finance Support Fund, 22 participating banks have injected around EGP 70.626bn, benefiting approximately 564,102 clients, accounting for 96.6% of the initiative.…

Minister of Petroleum and Mineral Resources, Karim Badawi, witnessed on Saturday the start of drilling operations for a new well at the Nargis natural gas field in the Mediterranean Sea. This step comes as part of ongoing efforts to develop the recently discovered field, in which Chevron serves as the main operator, in partnership with…

In the presence of His Excellency Turki Alalshikh, Chairman of the General Entertainment Authority (GEA), Sela, a Public Investment Fund company and one of Saudi Arabia’s leading entertainment and destination developers, announced the launch of a strategic consortium with Talaat Moustafa Group (TMG), one of Egypt’s largest real estate and urban development companies, aimed at…

Extreme weather has impacted every corner of the US, from deadly floods to sweltering heat. For Americans, the changing climate has made protecting their homes increasingly important. Finding a “climate haven” in the United States has become more difficult with the warming planet. Storms can dump biblical amounts of rain in mountainous regions from Vermont…

Mastercard has announced a new partnership with Commercial International Bank (CIB) to strengthen digital payments innovation and broaden access to financial solutions in the Egyptian market. Under the collaboration, Mastercard will support CIB across a range of core digital payments and card issuance functions, enabling the bank to provide more secure, seamless and efficient payment…

Labour Minister Hassan Raddad and Dakahlia Governor Tareq Marzouq held a meeting with investors and business owners in the Dakalia Industrial Zone. The meeting brought together officials and investors to strengthen dialogue and co-operation between the Ministry and the private sector in support of investment and production, and to promote decent employment opportunities for youth.…

One of One Developments has announced the opening of its new headquarters, marking a strategic step to support operational growth and upcoming projects in New Cairo, Sheikh Zayed, and coastal destinations. During the launch event, attended by Mostafa Salah, CEO, and Mahmoud Tammam, Vice Chairperson, the company also unveiled updates on its flagship residential project…

The Central Bank of Egypt (CBE) announced a six-day holiday for banking sector during Eid al-Adha. The CBE said in a statement on Tuesday that all banks operating in Egypt will be closed from Tuesday, May 26, until Sunday, May 31, in observance of the Day of Arafah and Eid al-Adha. It confirmed that banking…

(MENAFN - Daily News Egypt) The Central Bank of Egypt (CBE) expects annual headline inflation to accelerate through the third quarter (Q3) of 2026, driven partly by unfavourable base effects, ...

Egypt’s Minister of Transport, Kamel El-Wazir, stressed the importance of expanding the use of modern digital technologies in all transport sectors, noting that such efforts would facilitate citizens’ access to services and enhance integration between different modes of transport. This came during his attendance at the signing ceremony of a co-operation agreement between the Holding…

LIXIL Corporation reported a 22.9% increase in core earnings to ¥38.5 billion for the fiscal year ending 31 March 2026, driven by improved profitability across both its domestic Japanese and international operations despite a challenging global business environment. Consolidated revenue for the water and housing products manufacturer rose 0.4% year-on-year to ¥1,510.7 billion. Net profit…

Chairman of the Arab Organization for Industrialization (AOI), Mokhtar Abdel Latif, discussed on Thursday, May 21, 2026, with Polish ambassador to Cairo, Michał Murkociński, ways of benefiting from AOI’s advanced manufacturing capabilities and Poland’s expertise in both defense and civilian industries. Talks covered potential cooperation in the automotive, railway, environmentally friendly transport, electronics, digital transformation,…

(MENAFN - Daily News Egypt) Banque Misr has announced the launch of a dedicated financing programme for residential solar panel systems, offering flexible repayment terms and competitive benefits ...

Egypt’s Minister of Planning and Economic Development, Ahmed Rostom, held discussions with a high-level delegation from the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group on ways to advance development cooperation in Egypt. The meeting reviewed the outcomes of the MIGA mission’s co-ordination talks with several ministries and relevant government bodies, and explored…

Egypt has reaffirmed its access to international capital markets despite heightened geopolitical uncertainty, issuing $1bn in social and development bonds in what the government described as the first sovereign issuance of its kind in the Middle East and North Africa (MENA) since the escalation of the Iran conflict. The move reflects Egypt’s ongoing efforts to…

The Cabinet approved an exceptional package of incentives for airlines operating in Egypt, following a proposal submitted by the ministries of tourism and civil aviation to support flight operations amid current regional developments. The measures were approved during the Cabinet’s weekly meeting chaired by Prime Minister Mostafa Madbouly and will remain in effect for three…

(MENAFN - Daily News Egypt) Ahmed Rostom, Minister of Planning and Economic Development, convened a high-level meeting with Ashraf Negm, Vice Chairperson and Managing Director of the National ...

By Gazette staff Deputy Prime Minister for Economic Affairs Hussein Eissa held an expanded meeting on Thursday to review efforts aimed at maximising the value of strategic industrial assets and enhancing the competitiveness of key production sectors. Minister of Investment and Foreign Trade Mohamed Farid, Deputy Minister of Finance Yasser Sobhi, was present at the…

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its third regular meeting of the year on Thursday to determine the direction of key interest rates, widely viewed as a leading indicator of short-term pound-denominated borrowing costs. Market expectations strongly favour leaving rates unchanged after two consecutive reductions…

Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty called on British companies to benefit from investment opportunities in Egypt and expand their existing activities. This came during his meeting on Wednesday, May 20, 2026, in London with chairmen and CEOs of British companies operating in Egypt, alongside representatives of investment funds and…

(MENAFN - Daily News Egypt) Korra Energi adopted an accelerated timetable for its debut on the Egyptian Exchange (EGX), moving quickly between regulatory approval of its prospectus and a mid-week ...

LONDON (Reuters) – Seven leading OPEC+ oil-producing countries ‌will likely agree to a modest hike to July output when they meet on June 7, four sources said, though delivery for several remains disrupted by the Iran war. The monthly target set by seven core OPEC+ members is expected to be raised by about 188,000 barrels…

Egypt has launched a unified digital environmental data registry for industrial facilities to support green transformation and help factories comply with international environmental requirements.   In a statement, the Ministry of Local Development and Environment said the new system will create a national environmental database for industrial facilities, covering emissions, fuel, water and energy use,…

To get ahead in the new internet age, Google wants to help you google less. The company on Tuesday revealed a flurry of AI-powered features for its search engine, AI assistant Gemini and other services. It’s part of Google’s latest effort to revamp its decades-old business model to fit the era of artificial intelligence. Among…

(MENAFN - EIN Presswire) EPROM Chairman and CEO Eng. Hossam Assad and Diverse Supplies Managing Director Eng. Sameh Roshdy sign the MOU Collaboration targets optimization of steam systems, digital ...

Under directives from President Abdel Fattah el-Sisi to develop Egypt’s lakes, the Suez Canal Authority (SCA) and the Future of Egypt for Sustainable Development (Mostaqbal Misr) signed a cooperation protocol on Thursday. The agreement was signed during a ceremony attended by SCA Chairman Vice Admiral Osama Rabie and Mostaqbal Misr Executive Director Bahaa El-Ghannam at…

Egyptian Health Minister Khaled Abdel Ghaffar said local pharmaceutical manufacturing is essential for building resilient healthcare supply chains and reducing vulnerability to global crises.   Speaking at a healthcare supply chain event held on the sidelines of the 79th World Health Assembly in Geneva, Abdel Ghaffar said countries should shift from reactive crisis management to…

Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty said during a meeting in London with President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso that the Egyptian government remains committed to continuing its economic reform program to achieve sustainable and inclusive growth. Abdelatty said the reform efforts are focused…

The Central Bank of Egypt has announced the suspension of operations across all commercial banks operating in the local market in observance of Arafat Day and Eid al-Adha for the Hijri year 1447. The official holiday schedule: Holiday start date: The closure will commence on Tuesday, May 26, 2026. Holiday end date: The holiday will…

For the second month in a row, the Central Bank of Egypt (CBE) decided on Thursday to leave its key policy rates unchanged, citing prevailing inflationary pressures and mounting uncertainties in the global economic environment. The overnight deposit rate was maintained at 19 percent, while the overnight lending rate and the rate of the main…

Egyptian Prime Minister Mostafa Madbouly described the New Delta Project as a major integrated national initiative that reflects the state’s commitment to strengthening food security and reshaping Egypt’s agricultural landscape. Madbouly made the remarks during the government’s weekly meeting at the Cabinet headquarters in the New Administrative Capital, where ministers reviewed a range of political,…

Minister of Planning and Economic Development Dr. Ahmed Rostom affirmed on Tuesday, May 19, 2026, that the government is targeting economic growth between 5.2 percent and 5.4 percent in the next fiscal year, supported by the continuation of economic reform measures. He noted that growth during the first half of the current fiscal year had…

Egypt is stepping up efforts to revive domestic automotive manufacturing as Khaled Hashem visited the industrial complex of Nasr Automotive Manufacturing Company in Helwan to review production operations and ongoing factory modernisation plans. During the visit, the minister inspected bus and passenger vehicle production lines, including assembly and robotic painting facilities, and participated in celebrations…