Egypt News — AKHBAR.COM

Global shipping has taken an important step towards restoring one of the world’s busiest trade corridors after Maersk and Hapag-Lloyd announced that their jointly operated AE15 service under the Gemini Cooperation will resume transits through the Suez Canal instead of sailing around the Cape of Good Hope. The resumption of the first major scheduled Asia–Europe…

Bassel Rahmy, Chief Executive Officer of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), and Ahmed Khorshid, Chief Executive Officer, Managing Director and Deputy Chairman of Tamweely Financial Services, have signed two financing agreements under which MSMEDA will provide EGP 350m to Tamweely to implement two microfinance programmes. The signing ceremony was attended by…

Mohamed Attia Chairman of the Egyptian Airports Company Pilot Wael El Nashar, carried out surprise inspection visits to the Alexandria and Hurghada International Airports to monitor operations, review ongoing development projects, and ensure high-quality passenger services. At The Alexandria International Airport, El-Nashar inspected the upgrade of the SRK baggage handling system in Terminal 1, including…

Agreement with Egypt’s ITIDA to create more than 1,000 jobs and expand technology and consulting exports The company selects Egypt as offshoring business grows, underpinned by skilled talent and engineering depth Cairo, Egypt, July 3, 2026 — EY Middle East and North Africa (EY MENA) has launched a regional consulting and technology hub in Egypt,…

Egypt’s General Authority for Investment and Free Zones (GAFI) and Enterprise Singapore have discussed ways to strengthen bilateral investment cooperation and foster new business partnerships, as Egypt seeks to diversify its sources of foreign direct investment (FDI) and attract high-value projects. The discussions took place between Mohamed Awad, CEO of GAFI, and a delegation from…

Salah Gamblat, Minister of State for Military Production, said the state, under the leadership of President Abdel Fattah Al-Sisi, places great importance on maximising the value of its assets and industrial capabilities, localising industry, and strengthening partnerships with the private sector. He said this requires companies affiliated with the Ministry of Military Production to continue…

On behalf of Eng. Raafat Hindy, Minister of Communications and Information Technology, Eng. Ahmed Elzaher, CEO of the Information Technology Industry Development Agency (ITIDA), participated in the inauguration of the Coca-Cola HBC Digital Hub in Cairo. The event was held in the presence of Ahmed Kouchouk, Minister of Finance, Mohamed Farid, Minister of Investment and…

Meta on Tuesday announced a new line of AI glasses designed in-house, signaling a deeper push into the wearable technology that’s become a new front in the artificial intelligence race. And the biggest change consumers will notice? A cheaper price tag. The new Meta Glasses will start at $299, making them less expensive than the…

Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, chaired the 17th meeting of the Egyptian Drug Authority’s (EDA) board on Monday to review strategic measures aimed at strengthening the pharmaceutical sector, expanding domestic production and enhancing the country’s regulatory capabilities. The meeting was attended by Minister of Investment and Foreign Trade Mohamed Farid, Minister…

Egyptian Prime Minister Mostafa Madbouly met with Jassem Al Zaabi, Chairperson of Modon Holding, to review progress on the implementation of the Ras El Hekma megaproject on Egypt’s northwestern Mediterranean coast. The meeting, held at the government headquarters in the New Administrative Capital, focused on the latest developments in the flagship urban development project and…

By Mohamed Attia EgyptAir Cargo participated in the Air Cargo Logistics China 2026 exhibition, held in Shanghai, China, with the participation of leading air cargo, logistics, and aviation companies from around the world. The company’s delegation was led by Captain Ehab El Tahtawy, Chairman and CEO of EgyptAir Cargo. The delegation also included Mohamed Zaki,…

Seoul / Beijing Reuters — As Europe sweats through record-breaking temperatures, Asian makers of air conditioners, like South Korea’s Samsung Electronics, China’s Midea and Japan’s Mitsubishi Electric, are enjoying a boom in sales. Air conditioning is common throughout buildings, transport and homes in major cities across Asia, but it is rare in Europe and people…

Egypt has significantly expanded its wastewater treatment infrastructure over the past decade, increasing the number of treatment plants from 385 before 2014 to around 621 in June 2026, according to the Ministry of Housing, Utilities and Urban Communities. The expansion included the construction of 236 new wastewater treatment plants, including 47 tertiary treatment facilities, raising…

Minister of Investment and Foreign Trade Mohamed Farid said the ministry’s doors are open to support young entrepreneurs and ideas that offer innovative solutions for Egypt’s economy and industrial sector, describing Egyptian entrepreneurs as “heroes” who deserve every possible form of support. He said advanced economies are built on innovation, adding that localising electric vehicle…

SEKEM announced strong business and sustainable development performance in 2025, reinforcing the continued success of its integrated model that combines economic growth, ecological sustainability, social justice and cultural development; advancing on SEKEM Vision Goals for 2057. Despite a challenging macroeconomic environment marked by inflationary pressures and high interest rates, SEKEM delivered solid financial results while…

Deputy Prime Minister for Economic Affairs Hossam Issa reaffirmed on Monday, July 6, 2026, the government’s commitment to strengthening cooperation with leading global companies and attracting investment to support sustainable economic growth. Speaking during a meeting in the New Capital with a delegation from Ernst & Young (EY) Middle East and North Africa (MENA), Issa…

The growing use of Hollywood celebrities and internationally recognized personalities in Egypt’s real estate campaigns is no longer a branding exercise. Industry experts say it has evolved into a strategic marketing approach aimed at positioning Egypt as an international investment destination, supporting property exports, and expanding the country’s appeal to foreign buyers. The trend has…

‘Transition to renewable green energy asset to economy, investment’ Prime Minister Moustafa Madbouli recently attended the signing of two agreements for the Suez Canal Container Terminal to gradually switch to renewable energy. The move shows how much his government cares about expanding clean energy. “The State places great importance on expanding clean energy across various…

Minister of Investment and Foreign Trade Mohamed Farid Saleh said on Monday, July 6, 2026, that Egypt is keen to foster its economic partnership with the UK, boost two-way investments and increase trade exchange between the two countries. The minister made the remarks during his meeting with British Ambassador to Egypt Mark Bryson-Richardson, where the…

Egypt’s joint committee, led by the Industrial Development Authority (IDA) in coordination with land-owning authorities and law enforcement agencies, continued its large-scale enforcement campaign for the second consecutive day, reclaiming industrial land plots and ready-built factory units from non-compliant investors across four industrial zones in Cairo and Alexandria. The campaign is being carried out in…

By Mohamed Attia Flydubai has launched daily flights to Don Mueang International Airport in Bangkok, making the Thai capital its second destination in Thailand after Krabi. The inaugural flight departed from Terminal 3 at Dubai International Airport on 1 July, giving passengers more travel options to one of Southeast Asia’s most popular destinations. Ghaith Al…

Contact Developments has signed a strategic cooperation protocol with Zerotech Group to integrate advanced security systems and smart technologies across its real estate projects, as part of efforts to support smart urban development in Egypt. The partnership aligns with Zerotech Group’s strategy, under the umbrella of the Arab Organization for Industrialization, to expand cooperation with…

Egypt’s Ministry of Military Production reported revenue growth and detailed its operational results for the period between July 2025 and June 2026, highlighting the development of defence hardware including the “Rada’a 300” (Deterrence 300) rocket launcher and the Sinai 806 recovery vehicle, alongside a doubling of its domestic armoured steel production capacity. The ministry noted…

By Mohamed Attia The National Air Navigation Services Company has signed a major co-operation agreement with DFS Aviation Services, a leading global provider of air navigation services, to transfer technical expertise and implement the latest practices in air traffic management. This partnership is designed to improve daily operational efficiency, enhance safety and flight flow rates,…

Egyptian President Abdel Fattah Al-Sisi on Monday reviewed the implementation of Egypt’s National Industrial Strategy 2026-2030, which aims to increase non-oil exports to $100bn and strengthen the country’s position as a regional manufacturing hub. The strategy was discussed during a meeting with Prime Minister Mostafa Madbouly and Minister of Industry Khaled Hashem, according to a…

Egypt is developing its startup financing ecosystem by updating regulations for convertible securities and improving company valuation methodologies, while the Sovereign Fund of Egypt studies a new investment mechanism to support late-stage startups, the country’s investment and foreign trade minister said. Mohamed Farid made the remarks during the 2026 annual investors meeting of Development Partners…

By Mohamed Attia EgyptAir has officially launched its inaugural flight to Venice, Italy, marking the latest addition to the airline’s growing European network. The new route, operated by the advanced Airbus A320neo aircraft, is part of a broader international expansion strategy that recently included new flights to major American cities like Los Angeles and Chicago.…

Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, and the British Ambassador to Egypt, Mark Bryson-Richardson, reviewed a range of economic, trade, and investment issues aimed at strengthening bilateral cooperation and expanding commercial ties between the two countries. During the meeting, the two sides discussed ways to deepen the Egypt-UK economic partnership, with a…

Ahmed Rostom, Minister of Planning and Economic Development, said on Monday that the government adopted an economic and social development plan for the 2026/27 fiscal year that targets increasing the private sector’s share of total investment to around 59%. Rostom made the remarks during the launch of L’Oréal Egypt’s Economic and Social Impact Study, held…

The Ministry of Planning and Economic Development announced on Tuesday, that the National Investment Bank (NIB) has successfully passed its periodic external audit of its ISO 9001:2015 quality management system. The audit covers the “quality of financial services provided for national investments.” This achievement is being presented as an indicator of improved efficiency in the…

Mohamed Awad, CEO of the General Authority for Investment and Free Zones (GAFI), said the Egyptian economy continues to strengthen its position as one of the region’s leading investment destinations, supported by ongoing economic reform programmes, extensive infrastructure development, and the diversity of its productive and service sectors. He said these factors offer investors broad…

Ahmed Rostom, Minister of Planning and Economic Development and Chairperson of the National Investment Bank (NIB), chaired a meeting of the bank’s Investment Committee. The committee reviewed NIB’s investment portfolio, including its holdings across institutions listed on the capital market, and discussed a comprehensive plan to maximize the value of these assets. The meeting forms…

TikTok unveils Symphony Agent at Cannes Lions TikTok has launched a suite of advanced artificial intelligence and advertising tools designed to help brands across the Middle East and North Africa (MENA) turn cultural trends into commercial campaigns at unprecedented speed. Unveiled at the Cannes Lions International Festival of Creativity 2026, the centrepiece of the announcement…

The Engineering Export Council of Egypt (EECE) has launched the third edition of its Engineering Buyers Mission (EBS), bringing together Egyptian manufacturers and international buyers as part of efforts to boost engineering exports and expand into new overseas markets. The event welcomed 48 international buyers from 20 countries and featured 20 Egyptian companies specialising in…

Hussein Eissa, Deputy Prime Minister for Economic Affairs, rang the opening bell at the Egyptian Exchange (EGX) on Sunday to mark the temporary listing of four state-owned companies under the government’s state ownership programme. The move underscores the state’s commitment to enhancing the efficiency of public enterprises, broadening ownership, and stimulating Egypt’s capital market. The…

Findings reveal local industrial growth, 22.000 jobs supported, 117.000 lives impowered • One L’Oréal job in Egypt generates 43 indirect roles across the local value chain, cementing role of L’Oréal and beauty sector as a powerful macroeconomic driver of Egypt Vision 2030. • L’Oréal’s Cairo state-of-the-art manufacturing plant serves as a major regional export hub,…

The previous, fourth competitive process brought signature grants worth roughly NIS 56.7 million ($18.9 million) into state coffers. The post Israel opens new bidding round for offshore natural gas exploration rights appeared first on World Israel News .

Ahmed Rostom, Minister of Planning and Economic Development, met with Abdel Aziz Konsowa, Minister of Higher Education and Scientific Research, to discuss ways to enhance coordination in developing Egypt’s innovation and entrepreneurship ecosystem. The meeting aimed to support joint efforts between the two ministries and their affiliated entities to encourage researchers and entrepreneurs at Egyptian…

By Mohamed Attia Cairo International Airport has successfully renewed its Public Health and Safety Readiness Accreditation (PHSRA) from Airports Council International (ACI) World, extending the certification’s validity through June 2029 and reaffirming its preparedness to respond to future public health emergencies. The renewed accreditation cements Cairo International Airport’s position as the first—and still the only—airport…

The latest macroeconomic data released by the Central Bank of Egypt (CBE) present a picture of an economy that is steadily regaining stability following one of its most challenging periods in decades. Although Egypt’s external debt continued to rise during 2025, a broader examination of the country’s external accounts, banking sector, foreign currency inflows and…

Salah Gombalat, Minister of State for Military Production, met with Fisk Johnson, Chairperson and CEO of SC Johnson, to discuss strengthening bilateral industrial cooperation and expanding the long-standing partnership between Egypt and the US-based company. Opening the meeting, Gombalat expressed pride in the ministry’s collaboration with SC Johnson, which dates back to 1979. He described…

By Mohamed Attia EgyptAir has officially launched its first direct flight from Cairo to Chicago, reflecting the airline’s significant expansion into the US market and boosting its presence across the global aviation network. The Cairo–Chicago route marks the second major American destination introduced by EgyptAir in 2026, following the launch of flights to Los Angeles.…

Cairo — Egyptian equities extended their recovery on Sunday, 5 July, as renewed foreign buying, strong performance by Commercial International Bank (CIB) and broad-based sector gains reinforced investor confidence in Egypt’s improving macroeconomic outlook and capital-market reforms. The benchmark EGX30 advanced 1.18% to 51,130.89 points, led by a 2.09% gain in CIB, whose strong performance…

Mohamed El Etreby, Chief Executive Officer of the National Bank of Egypt (NBE), said that the bank’s Asset and Liability Committee (ALCO) had decided to increase the interest rate on its three-year Platinum Certificates to 17.75%, payable monthly, up from 17.25%, while introducing a new quarterly payment option with an annual return of 17.85%. El…

By Mohamed Attia Served as the official carrier of the 52nd African Insurance organisation (AIO) and its General Assembly, EgyptAir has hosted the conference after more than 13 years under the theme “Insurance: An Enabler of Economic Growth.” The event brought together representatives of regulatory authorities, insurance federations, insurance and reinsurance companies, and brokerage firms…

Egypt’s Prime Minister Mostafa Madbouly has directed the National Press Authority (NPA) to prepare a comprehensive study for each state-owned press institution outlining mechanisms to achieve financial sustainability and settle accumulated debts. The studies will be reviewed in coordination with Hussein Issa, Deputy Prime Minister for Economic Affairs, before being presented at a subsequent meeting…

By Mohamed Attia Chairman of the Egyptian Airports Company, Pilot Wael el-Nashar, has recently completed a comprehensive field tour of Hurghada and Sharm el-Sheikh International Airports. The visits were meant to inspect ongoing development projects, review execution quality, and ensure everything remains on schedule. These upgrades are part of a broader strategy to boost airport…

Egypt’s Foreign Minister Badr Abdelatty and Minister of Petroleum and Mineral Resources Karim Badawi held a briefing on Sunday for representatives of foreign embassies accredited to Egypt as part of the government’s efforts to attract foreign investment and strengthen international cooperation in the energy and mining sectors. Addressing the meeting at the Foreign Ministry headquarters,…