dailynewsegypt.com

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# Dailynewsegypt

Egypt’s Only Daily Independent Newspaper In English

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## Posts

- [Blog](https://www.dailynewsegypt.com/blog/)
- [Iraqi PM discusses Al-Rafal economic city project with TMG's Hisham Talaat Moustafa](https://www.dailynewsegypt.com/2025/11/03/iraqi-pm-discusses-al-rafal-economic-city-project-with-tmgs-hisham-talaat-moustafa/) - In May, Iraq's investment authority and Egypt's Talaat Moustafa Group (TMG) signed a memorandum of understanding to develop the new city.
- [NVL Egypt starts production of ten PV43-M naval vessels](https://www.dailynewsegypt.com/2025/11/03/nvl-egypt-starts-production-of-ten-pv43-m-naval-vessels/) - The Egyptian-produced PV43-M naval vessels will be equipped with advanced weapon systems in cooperation with leading European defence companies
- [ICC warns of possible war crimes in Sudan’s El-Fasher as violence, displacement escalate](https://www.dailynewsegypt.com/2025/11/03/icc-warns-of-possible-war-crimes-in-sudans-el-fasher-as-violence-displacement-escalate/) - International Criminal Court (ICC) prosecutor Karim Khan warned on Monday that the Court has jurisdiction to investigate crimes committed in Sudan’s Darfur region and is actively gathering evidence of alleged atrocities since the outbreak of conflict between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF) in April 2023. Khan expressed “grave concern”
- [Ancient Egypt DNA: Are Modern Egyptians Related to Ancient Egyptians?](https://www.dailynewsegypt.com/2025/11/03/ancient-egypt-dna-modern/) - Ancient Egypt DNA from 90 mummies shows 80–90% continuity between ancient Egyptians and modern Egyptians. Sub-Saharan ancestry rose 8–15% after 700 CE.
- [Pend launches Pend.Finance to empower institutions, individuals with future-ready tech solutions](https://www.dailynewsegypt.com/2025/11/03/pend-launches-pend-finance-to-empower-institutions-individuals-with-future-ready-tech-solutions/) - Pend announced the launch of Pend.Finance, the Middle East’s first integrated smart infrastructure platform powered by artificial intelligence (AI) and blockchain, marking a major step in its mission to create a transparent and trusted digital financial ecosystem. Designed to address real-world needs, Pend.Finance enables digital certification, mobile contract signing, asset tracing, and product authentication while
- [Egypt, Ireland explore partnership opportunities in food security, agritech](https://www.dailynewsegypt.com/2025/11/03/egypt-ireland-explore-partnership-opportunities-in-food-security-agritech/) - Egypt’s Minister of Agriculture and Land Reclamation Alaa Farouk met with Noel Grealish, Ireland’s Minister of State for Agriculture and Food, in Cairo to discuss strengthening bilateral cooperation in agriculture, livestock production, and agricultural research. The meeting, attended by Deputy Minister Mostafa El-Sayyad and senior officials from both countries, took place on the sidelines of
- [Egypt’s solar panel production to begin by early 2026 with up to 90% local component: GAFI](https://www.dailynewsegypt.com/2025/11/03/egypts-solar-panel-production-to-begin-by-early-2026-with-up-to-90-local-component-gafi/) - Egypt will begin solar panel production in early 2026 with a local component rate of up to 90%, according to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI). Heiba said the move marks a significant step in Egypt’s transition toward renewable energy, supported by recent legislative and procedural reforms that
- [Madbouli seeks to boost Qatari investments, reaffirms support for Yemen at Doha Summit](https://www.dailynewsegypt.com/2025/11/03/madbouli-seeks-to-boost-qatari-investments-reaffirms-support-for-yemen-at-doha-summit/) - Egyptian Prime Minister Mostafa Madbouli held a series of high-level meetings in Doha on the sidelines of the first Global Alliance Leaders’ Summit to Combat Hunger and Poverty, where he represented President Abdel Fattah Al-Sisi. During his visit, Madbouli met with the Qatari Businessmen Association (QBA), led by Sheikh Faisal bin Qassim Al Thani, inviting
- [25 injured after minibus overturns on Cairo–Sokhna road](https://www.dailynewsegypt.com/2025/11/03/25-injured-after-minibus-overturns-on-cairo-sokhna-road/) - Egypt’s Health Ministry announced that 25 people were injured on Monday when a minibus belonging to the Ministry of Youth and Sports overturned at kilometer 40 on the Cairo–Ain Sokhna Road, near the New Administrative Capital. Health Ministry Spokesperson Hossam Abdel Ghaffar said the accident occurred at 9:03 a.m., prompting the dispatch of eight ambulances,
- [Mansour Group breaks ground on $150m MAC transport vehicle factory in 6th of October City](https://www.dailynewsegypt.com/2025/11/03/mansour-group-breaks-ground-on-150m-mac-transport-vehicle-factory-in-6th-of-october-city/) - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, laid the foundation stone for the MAC transport vehicles factory, a new project by Mansour Automotive Group, in 6th of October City, West Cairo. Al-Wazir said the project aligns with Egypt’s vision to deepen local manufacturing, enhance value-added production, and expand
- [Egypt's chemical exports rise 10% in 9M 2025, reaching $6.8bn: CEC](https://www.dailynewsegypt.com/2025/11/03/egypts-chemical-exports-rise-10-in-9m-2025-reaching-6-8bn-cec/) - Egypt’s Chemicals and Fertilizers Export Council (CEC) has reported a 10% increase in the country’s chemical sector exports for the first nine months of 2025, totaling $6.849bn, up from $6.208bn in the same period of 2024. The figures, released by the General Organization for Export and Import Control (GOEIC), highlight the sector’s strong growth amid
- [EFG Holding completes EGP 4.2bn capital increase at Bank NXT](https://www.dailynewsegypt.com/2025/11/03/efg-holding-completes-egp-4-2bn-capital-increase-at-bank-nxt/) - EFG Holding announced on Monday the completion of a capital increase at Bank NXT, totalling EGP 4.2bn, with full participation from all shareholders. EFG Holding contributed EGP 2.143bn to the increase, maintaining its majority ownership with a 51% stake in the bank. This strategic capital injection underscores EFG Holding’s continued confidence in Bank NXT’s solid
- [‘Mashroak’ programme injects EGP 36bn in financing for 228,000 SMEs in September 2025](https://www.dailynewsegypt.com/2025/11/03/mashroak-programme-injects-egp-36bn-in-financing-for-228000-smes-in-september-2025/) - Manal Awad, Egypt’s Minister of Local Development, announced that the National Project for Community, Human, and Local Development, known as “Mashroak,” has successfully financed approximately 228,000 small and medium-sized enterprises (SMEs) across Egypt’s governorates. Since its inception in 2015, the programme has injected a total of EGP 36bn in financing, creating 1.5 million direct and
- [CBE launches 3rd FinTech Got Talent competition](https://www.dailynewsegypt.com/2025/11/03/cbe-launches-3rd-fintech-got-talent-competition/) - In line with the Central Bank of Egypt’s (CBE) commitment to empowering youth and reinforcing Egypt’s position as a leading regional hub for financial technology, the FinYology initiative—launched by the CBE’s FinTech Egypt—has introduced the third edition of the “FinTech Got Talent 2025” competition. Organized in collaboration with the Federation of Egyptian Banks (FEB) and
- [Egypt's cultural palaces authority launches nationwide arts and culture events](https://www.dailynewsegypt.com/2025/11/03/egypts-cultural-palaces-authority-launches-nationwide-arts-and-culture-events/) - Egypt's General Authority for Cultural Palaces has launched a packed schedule of cultural, artistic, and literary events across the country, including celebrations for the opening of the Grand Egyptian Museum, the launch of a new festival in Qena, and cultural convoys in Matrouh. The authority will hold a series of events in several governorates this
- [VS-FILM Festival for Very Short Films Ignites El Sokhna](https://www.dailynewsegypt.com/2025/11/03/vs-film-festival-for-very-short-films-ignites-el-sokhna/) - The second edition of the VS-FILM Festival for Very Short Films commenced on Sunday in El Sokhna, a picturesque city on Egypt's Red Sea coast. The opening ceremony was graced by the presence of Tarek El-Shazly, Governor of Suez, alongside a constellation of stars and filmmakers from across the Arab world and beyond. This year,
- [Egypt launches Red Sea Open to boost tourism, international profile](https://www.dailynewsegypt.com/2025/11/03/egypt-launches-red-sea-open-to-boost-tourism-international-profile/) - The Red Sea Open, to be held at the Sokhna Golf Club, will feature more than 100 players from 35 countries, and is designed to combine sports with tourism
- [Egypt, US discuss Sudan, Libya, HOA, Nile water security in strategic talks](https://www.dailynewsegypt.com/2025/11/03/egypt-us-discuss-sudan-libya-hoa-nile-water-security-in-strategic-talks/) - Senior officials from Egypt and the United States on Monday held a round of strategic dialogue on African issues, covering developments in Sudan, Libya, the Great Lakes region, the Sahel, and the Horn of Africa, as well as Egypt's water security. The Egyptian side was led by Foreign Minister Badr Abdelatty, while the US side
- [Egypt, Switzerland sign new 60m Swiss franc cooperation deal](https://www.dailynewsegypt.com/2025/11/02/egypt-switzerland-sign-new-60m-swiss-franc-cooperation-deal/) - Egypt and Switzerland have launched a new joint cooperation programme for the period 2025-2028, valued at CHF 60m ($67m), which will focus on migration, green economic development, and improved governance. The programme was launched at an event at the Ministry of Planning's headquarters in the New Administrative Capital, witnessed by Minister of Planning Rania Al-Mashat
- [Ministers of electricity, water resources discuss maximising hydropower returns at High Dam](https://www.dailynewsegypt.com/2025/11/02/ministers-of-electricity-water-resources-discuss-maximising-hydropower-returns-at-high-dam/) - Minister of Electricity and Renewable Energy Mahmoud Esmat held a meeting with Minister of Water Resources and Irrigation Hani Sewilam at the ministry’s headquarters in the New Administrative Capital to review joint cooperation and strategies to enhance the performance of Egypt’s hydropower stations. The two ministers affirmed their commitment to coordination and joint action aimed
- [CI Capital Asset Management launches Sharia-compliant Gold Misr Fund with investor prizes](https://www.dailynewsegypt.com/2025/11/02/ci-capital-asset-management-launches-sharia-compliant-gold-misr-fund-with-investor-prizes/) - CI Capital Asset Management (CIAM) — Egypt’s largest asset manager and one of Forbes’ Top 40 asset managers in the Middle East and North Africa (MENA) — has announced the launch of the “Gold Misr” Fund, a Sharia-compliant gold investment fund that introduces a unique prize draw feature for investors. A subsidiary of CI Capital
- [Gold prices fall 3.6% in one week amid market correction](https://www.dailynewsegypt.com/2025/11/02/gold-prices-fall-3-6-in-one-week-amid-market-correction/) - Gold prices in Egypt fell by 3.6% over the past week, marking a decline of EGP 200 per gram, as the market undergoes what experts describe as a “natural correction” following record highs in October. Ehab Wassef, Chairperson of the Gold and Precious Metals Division at the Federation of Egyptian Industries, said the decline reflects
- [BP adds 80 mcf/d from new Raven well in Mediterranean](https://www.dailynewsegypt.com/2025/11/02/bp-adds-80-mcf-d-from-new-raven-well-in-mediterranean/) - BP has announced the successful start-up of the RW5 well, adding 80 million cubic feet per day (mcf/d) of new gas production within the West Nile Delta (WND) project. The new output complements increased production from the RW4 well, bringing total combined production from both new wells to around 140 mcf/d since the beginning of
- [Egypt Kuwait Holding sells 63.4% stake in Delta Insurance to Morocco’s Wafa Assurance for EGP 3.17bn](https://www.dailynewsegypt.com/2025/11/02/egypt-kuwait-holding-sells-63-4-stake-in-delta-insurance-to-moroccos-wafa-assurance-for-egp-3-17bn/) - Egypt Kuwait Holding (EKH) announced the completion of the sale of its entire 63.39% stake in Delta Insurance to Morocco’s Wafa Assurance, under the latter’s mandatory tender offer. In a statement to the Egyptian Exchange (EGX) on Sunday, EKH said the transaction was executed at EGP 40 per share, bringing the total deal value to
- [Magna AI, TechnoVal form $300m alliance to drive AI-powered industrial transformation in MENA](https://www.dailynewsegypt.com/2025/11/02/magna-ai-technoval-form-300m-alliance-to-drive-ai-powered-industrial-transformation-in-mena/) - Magna AI and TechnoVal have announced a strategic alliance worth $300m aimed at accelerating AI-driven industrial and digital transformation across the Middle East and Africa. The announcement was made during GITEX Global 2025, one of the world’s largest technology exhibitions. Under a newly signed memorandum of understanding (MoU), the partnership will establish a sovereign AI
- [Easy H Trade launches Egypt’s first outsourced export management service](https://www.dailynewsegypt.com/2025/11/02/easy-h-trade-launches-egypts-first-outsourced-export-management-service/) - Easy H Trade has launched Egypt’s first outsourced export management service, introducing a new model that enables companies to manage their export operations externally without the need for in-house export departments. The service is designed to help businesses – particularly small and medium-sized enterprises (SMEs) – access international markets by overseeing the entire export process,
- [Beltone Venture Capital exits Morocco’s Cathedis, achieving 100% IRR](https://www.dailynewsegypt.com/2025/11/02/beltone-venture-capital-exits-moroccos-cathedis-achieving-100-irr/) - Beltone Venture Capital (BVC) – a wholly owned subsidiary of Beltone Holding – announced its successful exit from Cathedis, Morocco’s leading last-mile delivery and logistics platform, achieving an exceptional 100% Internal Rate of Return (IRR). The transaction marks Beltone Venture Capital’s first regional exit and third overall since inception, reinforcing its strong performance and commitment
- [ECS showcases Egypt’s investment opportunities to German business delegation](https://www.dailynewsegypt.com/2025/11/02/ecs-showcases-egypts-investment-opportunities-to-german-business-delegation/) - As part of the official visit of German President Frank-Walter Steinmeier to Egypt for the inauguration of the Grand Egyptian Museum (GEM), a high-level delegation of leading German business representatives visited Cairo to explore new avenues of cooperation and investment. Abdelaziz El-Sherif, First Undersecretary and Head of the Egyptian Commercial Service (ECS), took part in
- [Satellite images reveal extensive destruction in El-Fasher as violence escalates, global pressure mounts](https://www.dailynewsegypt.com/2025/11/02/satellite-images-reveal-extensive-destruction-in-el-fasher-as-violence-escalates-global-pressure-mounts/) - High-resolution satellite imagery has revealed extensive destruction across the Sudanese city of El-Fasher, the capital of North Darfur, following its capture by the Rapid Support Forces (RSF) on 26 October. The takeover has triggered mass displacement, reports of widespread violence against civilians, and mounting international condemnation amid growing fears of Sudan’s further fragmentation. Images captured
- [Egypt sets COP30 priorities, showcases voluntary carbon market](https://www.dailynewsegypt.com/2025/11/02/egypt-sets-cop30-priorities-showcases-voluntary-carbon-market/) - Egypt’s Minister of Local Development and Acting Minister of Environment, Manal Awad, held discussions with EU Climate Commissioner Wopke Hoekstra and Denmark’s Climate Ambassador Ole Thonke on the sidelines of the 9th Ministerial on Climate Action (MoCA) in Canada, which took place from 31 October to 1 November. Awad said Egypt will advocate at the
- [Advanced Cargo Information to be implemented at airports from January 2026: Finance Minister](https://www.dailynewsegypt.com/2025/11/02/advanced-cargo-information-to-be-implemented-at-airports-from-january-2026-finance-minister/) - Minister of Finance Ahmed Kouchouk announced that the Advanced Cargo Information (ACI) system will be officially implemented at Egypt’s airports starting 1 January 2026. Kouchouk explained that the trial phase, which began in 2022, will continue until the end of December 2025 to allow investors and business partners sufficient time to adjust to the new
- [Egyptian banking system’s NFAs rise by $3bn to $17.9bn in August 2025: CBE](https://www.dailynewsegypt.com/2025/11/02/egyptian-banking-systems-nfas-rise-by-3bn-to-17-9bn-in-august-2025-cbe/) - The Central Bank of Egypt (CBE) announced that the banking system’s net foreign assets (NFAs) rose by a cumulative $3bn, reaching $17.9bn in August 2025, compared to $15bn in June 2025. According to the CBE, commercial banks recorded a notable improvement in their NFAs, which climbed by $3.1bn in July 2025 to register $8bn —
- [Gaza death toll rises as Hamas rejects aid looting allegations](https://www.dailynewsegypt.com/2025/11/02/gaza-death-toll-rises-as-hamas-rejects-aid-looting-allegations/) - The Gaza Ministry of Health announced on Sunday that seven Palestinians were killed and six others wounded over the past 24 hours, despite the ongoing ceasefire with Israel. According to the ministry, the death toll since the ceasefire took effect on 11 October has risen to 236, with 600 wounded. It also reported that the
- [Al-Sisi holds talks with German, Hungarian, Benelux leaders after GEM opening](https://www.dailynewsegypt.com/2025/11/02/al-sisi-holds-talks-with-german-hungarian-benelux-leaders-after-gem-opening/) - Egyptian President Abdel Fattah Al-Sisi on Sunday held a series of meetings with European leaders who were in Cairo, a day after attending the inauguration of the Grand Egyptian Museum (GEM), with discussions focusing on Gaza, Sudan, and bilateral cooperation. Al-Sisi met with Hungarian Prime Minister Viktor Orbán, German President Frank-Walter Steinmeier, Queen Mary of
- [Saudi Egyptian Developers signs EGP 12bn contract with CCC for ‘Central’ project in New Cairo](https://www.dailynewsegypt.com/2025/11/02/saudi-egyptian-developers-signs-egp-12bn-contract-with-ccc-for-central-project-in-new-cairo/) - Saudi Egyptian Developers has signed a contract with Consolidated Contractors Company (CCC) to execute its latest mixed-use development, Central, in New Cairo, with total investments exceeding EGP 12bn. Under the agreement, CCC will oversee the full scope of construction and finishing works, covering buildings, façades, landscaping, public areas, offices, and parking facilities, in line with
- [Belda partners with Al Diwan Real Estate to digitise services in residential communities](https://www.dailynewsegypt.com/2025/11/02/belda-partners-with-al-diwan-real-estate-to-digitise-services-in-residential-communities/) - Belda, a digital platform specialising in home and lifestyle services, has signed a partnership agreement with Al Diwan Real Estate Development – the developer of the Villar residential and touristic projects – to enhance smart service solutions within its communities. Under the agreement, Belda will integrate its digital system across Al Diwan’s developments, allowing residents
- [Capital Elite teams up with Wyndham Hotels to launch EGP 13bn project in West Cairo](https://www.dailynewsegypt.com/2025/11/02/capital-elite-teams-up-with-wyndham-hotels-to-launch-egp-13bn-project-in-west-cairo/) - Capital Elite Developments has signed a management agreement with the US-based Wyndham Hotels & Resorts, the world’s largest hotel franchising company, to develop Wyndham Hotels & Residences Cairo West — a flagship mixed-use hospitality project with total investments of EGP 13bn. Mostafa Abdallah Gomaa Mansour, Chairperson of Capital Elite Developments, described the partnership as a
- [Arab Developers Holding approves EGP 1bn capital increase](https://www.dailynewsegypt.com/2025/11/02/arab-developers-holding-approves-egp-1bn-capital-increase/) - Arab Developers Holding, listed on the Egyptian Exchange (EGX) under the ticker ARAB, announced that its Board of Directors has approved an increase in the company’s issued capital from EGP 1.39bn to EGP 2.39bn – an increase of EGP 1bn. The capital raise will be executed through a rights issue to existing shareholders, with the
- [PRE Group unveils ‘MASSIV’ phase at Big Business District in New Cairo](https://www.dailynewsegypt.com/2025/11/02/pre-group-unveils-massiv-phase-at-big-business-district-in-new-cairo/) - PRE Group has announced the launch of MASSIV, a new phase within its flagship Big Business District (BBD) project in New Cairo, featuring landmark towers designed by the late world-renowned architect Zaha Hadid. The announcement marks the first introduction of Hadid’s architectural designs in Egypt. Spanning 48 feddans, BBD is envisioned as an integrated mixed-use
- [Talaat Moustafa Group launches 350,000-sqm Four Seasons hotel adjacent to GEM](https://www.dailynewsegypt.com/2025/11/02/talaat-moustafa-group-launches-350000-sqm-four-seasons-hotel-adjacent-to-gem/) - Businessman Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Group Holding (TMG), announced the start of construction on a new luxury hotel complex located directly behind the Grand Egyptian Museum (GEM). The project forms part of TMG’s ongoing strategy to expand its hospitality portfolio in partnership with global luxury operator Four Seasons Hotels
- [Al-Sisi, Steinmeier discuss Gaza ceasefire, boosting Egyptian-German partnership](https://www.dailynewsegypt.com/2025/11/02/al-sisi-steinmeier-discuss-gaza-ceasefire-boosting-egyptian-german-partnership/) - Egyptian President Abdel Fattah Al-Sisi received his German counterpart Frank-Walter Steinmeier in Cairo on Sunday for discussions focused on strengthening bilateral relations and supporting efforts to consolidate the Gaza ceasefire, according to a statement from the Egyptian presidency. Al-Sisi welcomed Steinmeier’s visit and praised his participation in the inauguration of the Grand Egyptian Museum (GEM),
- [A New Dawn for Ancient Wonders: Grand Egyptian Museum Opens Its Doors](https://www.dailynewsegypt.com/2025/11/01/a-new-dawn-for-ancient-wonders-grand-egyptian-museum-opens-its-doors/) - The Grand Egyptian Museum (GEM), an architectural marvel nestled on the Giza Plateau, officially opened its doors following an impressive ceremony led by Egyptian President Abdel Fattah Al-Sisi. Located just two kilometres from the Great Pyramid of Giza, also known as the Pyramid of King Khufu, this monumental institution is poised to become one of
- [Egypt, Canada discuss climate cooperation, green finance at Ottawa meeting](https://www.dailynewsegypt.com/2025/11/01/egypt-canada-discuss-climate-cooperation-green-finance-at-ottawa-meeting/) - Minister of Local Development and Acting Minister of Environment Manal Awad held talks with Canada’s Minister of Environment and Climate Change Julie Dabrusin on strengthening bilateral cooperation in climate action, environmental policy, and green finance. The meeting took place on the sidelines of the 9th Ministerial Meeting on Climate Action (MoCA), held in Canada from
- [Colombia's Petro visits Egyptian Red Crescent, lauds Gaza relief work](https://www.dailynewsegypt.com/2025/11/01/colombias-petro-visits-egyptian-red-crescent-lauds-gaza-relief-work/) - Colombian President Gustavo Petro on Saturday visited the headquarters of the Egyptian Red Crescent (ERC), where he praised Egypt's efforts in providing humanitarian aid to Palestinians in the Gaza Strip. Petro was received by the Minister of Social Solidarity and the ERC Vice President, Maya Morsy. "We have been following the deteriorating conditions in the
- [Fading bodies, rising international warnings as Israel violates Gaza truce](https://www.dailynewsegypt.com/2025/11/01/fading-bodies-rising-international-warnings-as-israel-violates-gaza-truce/) - Israel’s renewed attacks in the Gaza Strip have drawn rising international warnings and renewed scrutiny of the fragile truce, as Palestinian officials report new casualties and the recovery of deteriorated bodies returned by Israel under unclear circumstances. According to local media and medical officials, two Palestinians were killed and another was wounded by Israeli forces
- [Satellite images reveal ongoing mass killings in Sudan’s El-Fasher after RSF takeover](https://www.dailynewsegypt.com/2025/11/01/satellite-images-reveal-ongoing-mass-killings-in-sudans-el-fasher-after-rsf-takeover/) - New satellite imagery has revealed evidence of ongoing mass killings in and around El-Fasher, the capital of Sudan’s North Darfur, days after the Rapid Support Forces (RSF) seized control of the city, according to researchers at Yale University. The Yale Humanitarian Research Lab said the images show clear signs that a large portion of El-Fasher’s
- [Ministers highlight unified efforts to promote Egyptian civilization with GEM’s opening](https://www.dailynewsegypt.com/2025/11/01/ministers-highlight-unified-efforts-to-promote-egyptian-civilization-with-gems-opening/) - Egypt’s Ministers of Finance, Communications, and Tourism affirmed ongoing cooperation among national authorities to promote Egypt’s ancient civilization and celebrate its remarkable heritage in conjunction with the official opening of the Grand Egyptian Museum (GEM). Finance Minister Ahmed Kouchouk, Communications and Information Technology Minister Amr Talaat, and Tourism and Antiquities Minister Sherif Fathi announced the
- [EGP 519m invested to upgrade roads, infrastructure around Grand Egyptian Museum: Minister](https://www.dailynewsegypt.com/2025/11/01/egp-519m-invested-to-upgrade-roads-infrastructure-around-grand-egyptian-museum-minister/) - Minister of Local Development and Acting Minister of Environment Manal Awad received a report detailing the ministry’s recent efforts to upgrade and beautify the areas surrounding the Grand Egyptian Museum (GEM). Awad affirmed that developing the museum’s surrounding zone is a key component of the broader vision for the project—transforming the area into a model
- [Gold, silver commemorative coins to be issued at Grand Egyptian Museum: Finance minister](https://www.dailynewsegypt.com/2025/11/01/gold-silver-commemorative-coins-to-be-issued-at-grand-egyptian-museum-finance-minister/) - Minister of Finance Ahmed Kouchouk announced that gold and silver commemorative coins will be available for purchase at the Grand Egyptian Museum (GEM) starting next week. He noted that the ministry is fully prepared to issue a number of exclusive collectible coins upon request, with applications to be submitted electronically and processed within days by
- [Grand Egyptian Museum shines with solar power](https://www.dailynewsegypt.com/2025/11/01/grand-egyptian-museum-shines-with-solar-power/) - As Egypt celebrates the long-awaited opening of the Grand Egyptian Museum (GEM), the largest archaeological museum of a single civilization in the world, the landmark is also ushering in a new era of sustainability. With support from the United Nations Development Programme (UNDP) and the Japan International Cooperation Agency (JICA), and under the supervision of
- [PM Madbouly, Japanese officials discuss strengthening bilateral cooperation ahead of GEM opening](https://www.dailynewsegypt.com/2025/11/01/pm-madbouly-japanese-officials-discuss-strengthening-bilateral-cooperation-ahead-of-gem-opening/) - Prime Minister Mostafa Madbouly met with Yuriko Koike, Governor of Tokyo, and her accompanying delegation ahead of the official opening of the Grand Egyptian Museum (GEM), praising Japan’s significant financial and technical contributions to the landmark project. Madbouly described the museum as a “monumental cultural gift from Egypt to the world,” and extended his appreciation
- [NBE, ADI Finance ink agreement to expand Sharia-compliant financing solutions](https://www.dailynewsegypt.com/2025/11/01/nbe-adi-finance-ink-agreement-to-expand-sharia-compliant-financing-solutions/) - The National Bank of Egypt (NBE) has signed a financing agreement with ADI Finance, a subsidiary of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt), aimed at supporting the company’s activities in financial leasing and mortgage financing. The agreement underscores ongoing cooperation between major financial institutions to broaden financing instruments in the Egyptian market and
- [NBE reports EGP 166.9bn in profits for H1 2025](https://www.dailynewsegypt.com/2025/11/01/nbe-reports-egp-166-9bn-in-profits-for-h1-2025/) - The National Bank of Egypt (NBE) announced that its profits reached EGP 166.94bn in June 2025, marking a significant increase from EGP 112.49bn recorded during the same period in 2024. Net profits rose to EGP 93.52bn, compared to EGP 70.36bn a year earlier, underscoring the bank’s robust financial performance amid continued expansion of its operations.
- [CBE projects inflation to average 10.5% in 2026 as economic recovery gains momentum](https://www.dailynewsegypt.com/2025/11/01/cbe-projects-inflation-to-average-10-5-in-2026-as-economic-recovery-gains-momentum/) - The Central Bank of Egypt (CBE) has projected a continued decline in inflation over the next two years, with annual headline inflation expected to average 14.0% in 2025 and 10.5% in 2026, compared to 28.3% in 2024. The Bank anticipates inflation will gradually converge towards its target of 7% (±2%) on average by the fourth
- [Egypt's Al-Sisi, DR Congo's Tshisekedi discuss peace efforts, Nile cooperation](https://www.dailynewsegypt.com/2025/10/31/egypts-al-sisi-dr-congos-tshisekedi-discuss-peace-efforts-nile-cooperation/) - Tshisekedi praised the development of bilateral relations in various fields, which he said reflects Egypt's keenness to support development efforts in Africa
- [Egypt, Colombia Presidents discuss Gaza, bilateral cooperation in Cairo](https://www.dailynewsegypt.com/2025/10/31/egypt-colombia-presidents-discuss-gaza-bilateral-cooperation-in-cairo/) - Colombia, newly elected member of UN Security Council, would act with "utmost wisdom" in Sudan conflict iand over Nile dam dispute between Ethiopia and Egypt
- [Egypt urges ceasefire in Sudan as EU denounces RSF brutality after El-Fasher’s capture](https://www.dailynewsegypt.com/2025/10/29/egypt-urges-ceasefire-in-sudan-as-eu-denounces-rsf-brutality-after-el-fashers-capture/) - As fighting in Sudan escalates and the Rapid Support Forces (RSF) seize control of El-Fasher— the last stronghold of the Sudanese army in Darfur—regional and international calls for action are intensifying amid reports of mass atrocities against civilians. The situation in the city is rapidly deteriorating, with warnings of a full-blown humanitarian catastrophe in the
- [Egypt extends EGP 50bn hotel financing initiative by six months to boost tourism capacity](https://www.dailynewsegypt.com/2025/10/29/egypt-extends-egp-50bn-hotel-financing-initiative-by-six-months-to-boost-tourism-capacity/) - Minister of Finance Ahmed Kouchouk and Minister of Tourism and Antiquities Sherif Fathy announced that the Cabinet has approved a six-month extension of the EGP 50bn financial facilitation initiative, effective from 20 October 2025. The initiative is designed to expand Egypt’s hotel capacity in line with the government’s target for annual growth in tourist arrivals,
- [Egypt brokers African consensus on AfCFTA rules of origin after four years of talks](https://www.dailynewsegypt.com/2025/10/29/egypt-brokers-african-consensus-on-afcfta-rules-of-origin-after-four-years-of-talks/) - Egypt, in its capacity as Chair of the African Continental Free Trade Area (AfCFTA) Ministerial Council of Trade Ministers, has secured consensus among member states on the long-pending rules of origin for the textile, apparel, and automotive sectors. The breakthrough, achieved through a transitional implementation mechanism, marks the culmination of more than four years of
- [Egypt, Netherlands renew water MoU, explore beach nourishment to protect Mediterranean coast](https://www.dailynewsegypt.com/2025/10/29/egypt-netherlands-renew-water-mou-explore-beach-nourishment-to-protect-mediterranean-coast/) - Egypt’s Water Resources and Irrigation Minister Hani Sweilam met with Dutch Ambassador to Cairo Peter Mollema to strengthen bilateral ties in water management, according to a statement from the Ministry of Water Resources and Irrigation. The discussions highlighted the achievements of 50 years of Egypt-Netherlands cooperation in the water sector, which began with the creation
- [Al-Ahram Chemicals invests $10m to establish formaldehyde, derivatives complex in Sokhna](https://www.dailynewsegypt.com/2025/10/29/al-ahram-chemicals-invests-10m-to-establish-formaldehyde-derivatives-complex-in-sokhna/) - Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), witnessed today the signing of a contract between Al-Ahram Chemicals and Resins and Derivatives Company and the Main Development Company (MDC) to establish an industrial complex for the production of formaldehyde, form urea, and several related chemical derivatives such as glue and melamine. The
- [Egypt to launch national health tourism platform in push to become Global Medical Hub by 2030](https://www.dailynewsegypt.com/2025/10/29/egypt-to-launch-national-health-tourism-platform-in-push-to-become-global-medical-hub-by-2030/) - Egypt is set to launch a National Health Tourism Platform as part of its ambitious goal to position the country among the top 10 global destinations for medical and wellness tourism by 2030. Health and Population Minister Khaled Abdel Ghaffar announced this development on Wednesday, outlining the government’s commitment to bolstering Egypt's healthcare reputation internationally.
- [Finance Ministry introduces new VAT facilitations to support taxpayers](https://www.dailynewsegypt.com/2025/10/29/finance-ministry-introduces-new-vat-facilitations-to-support-taxpayers/) - Minister of Finance Ahmed Kouchouk has issued two ministerial decrees introducing new facilitations for taxpayers under the Value Added Tax (VAT) system, aiming to strengthen trust, partnership, and tax certainty between the government and the business community. The first decree amends certain provisions of the executive regulations of the VAT Law, while the second establishes
- [Egypt assumes presidency of INTOSAI as INCOSAI 25 kicks off in Sharm El-Sheikh](https://www.dailynewsegypt.com/2025/10/29/egypt-assumes-presidency-of-intosai-as-incosai-25-kicks-off-in-sharm-el-sheikh/) - Egypt, represented by the Accountability State Authority (ASA), has officially taken over the presidency of the International Organization of Supreme Audit Institutions (INTOSAI) for a three-year term. The handover ceremony occurred during the opening of the 25th International Congress of Supreme Audit Institutions (INCOSAI 25), held in Sharm El-Sheikh under the patronage of President Abdel
- [CBE governor attends graduation ceremony of Future Leaders programme at EBI](https://www.dailynewsegypt.com/2025/10/29/cbe-governor-attends-graduation-ceremony-of-future-leaders-programme-at-ebi/) - Hassan Abdalla, Governor of the Central Bank of Egypt (CBE) and Chairperson of the Egyptian Banking Institute (EBI), attended the graduation ceremony of four new cohorts of the “Future Leaders” programme at the EBI, the training arm of the CBE. The ceremony was also attended by Rami Aboulnaga, Deputy Governor for Monetary Stability; Tarek ElKholy,
- [Kuwaiti PM arrives in Cairo for talks to bolster economic ties](https://www.dailynewsegypt.com/2025/10/29/kuwaiti-pm-arrives-in-cairo-for-talks-to-bolster-economic-ties/) - Kuwaiti Prime Minister Sheikh Ahmed Abdullah Al-Ahmad Al-Sabah arrived in Cairo on Wednesday for talks aimed at strengthening bilateral cooperation in a range of economic sectors, Egypt's cabinet said in a statement. He was greeted at Cairo International Airport by his Egyptian counterpart, Mostafa Madbouly. An official reception ceremony was held that included the playing
- [Zohr-9 well boosts Egypt’s gas output by 70 million cubic feet per day](https://www.dailynewsegypt.com/2025/10/29/zohr-9-well-boosts-egypts-gas-output-by-70-million-cubic-feet-per-day/) - Minister of Petroleum and Mineral Resources Karim Badawi has announced the successful completion of drilling operations at the Zohr-9 well, located in the Mediterranean’s Zohr gas field. The new well is expected to add approximately 70 million cubic feet of natural gas per day to Egypt's production capacity, reinforcing the country’s efforts to meet domestic
- [Counting Down to Grandeur: Grand Egyptian Museum Opens Its Doors This 1st November](https://www.dailynewsegypt.com/2025/10/29/counting-down-to-grandeur-grand-egyptian-museum-opens-its-doors-this-1st-november/) - The Grand Egyptian Museum, poised to become the world’s largest archaeological museum, is set for its official inauguration on 1st November. The prestigious event will be attended by Egyptian President Abdel Fattah Al-Sisi, alongside an unprecedented gathering of heads of state, monarchs, and government leaders from across the globe. Mohamed El Homsany, the official spokesperson
- [Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism](https://www.dailynewsegypt.com/2025/10/29/omar-hisham-talaat-media-partnership-with-on-sports-key-to-promoting-egyptian-golf-tourism/) - Omar Hisham Talaat noted the Egyptian Open golf tournament is part of a series of international events organised by the Egyptian Golf Federation.
- [200 films from 119 countries compete for VS-FILM awards](https://www.dailynewsegypt.com/2025/10/29/200-films-from-119-countries-compete-for-vs-film-awards/) - The Very Short Films Festival (VS-FILM) opens next Sunday in Ain Sokhna, Suez governorate, bringing with it the sparkle of cinematic imagination and the spirit of artistic adventure. Visions from 119 countries will converge in this global celebration of ultra-short cinema – a form that distils the world into a single scene and a story
- [Pakistan-Afghanistan talks fail over militant safe havens](https://www.dailynewsegypt.com/2025/10/29/pakistan-afghanistan-talks-fail-over-militant-safe-havens/) - Pakistan warned that "patience has run its course" and would take all measures to "decimate the terrorists, their sanctuaries, their abetters and supporters
- [Egypt’s external debt rises to $161.2bn in June 2025: CBE](https://www.dailynewsegypt.com/2025/10/28/egypts-external-debt-rises-to-161-2bn-in-june-2025-cbe/) - The Central Bank of Egypt (CBE) announced that the country’s total external debt reached $161.23bn in June 2025, up from $156.69bn in March 2025 — an increase of $4.54bn. According to the CBE’s quarterly report issued on Tuesday, long-term external debt totalled $130.32bn, while short-term debt amounted to $30.91bn. The report showed that government external
- [QatarEnergy announces new expansion of gas exploration operations in Egypt](https://www.dailynewsegypt.com/2025/10/28/qatarenergy-announces-new-expansion-of-gas-exploration-operations-in-egypt/) - QatarEnergy has announced a new expansion of its operations in Egypt through a partnership with Italian energy company Eni in the offshore North Rafah concession in the Mediterranean Sea for natural gas exploration. With this addition, QatarEnergy’s portfolio in Egypt now includes six offshore concessions, where it partners with several leading international energy companies, including
- [Al-Sisi reaffirms Egypt’s commitment to religious freedom in meeting with World Council of Churches](https://www.dailynewsegypt.com/2025/10/28/al-sisi-reaffirms-egypts-commitment-to-religious-freedom-in-meeting-with-world-council-of-churches/) - President Abdel Fattah Al-Sisi reaffirmed Egypt’s firm commitment to protecting freedom of worship and belief, and to strengthening interfaith dialogue as a cornerstone for tolerance, coexistence, and peace. The statement came during his meeting on Tuesday with a delegation from the World Council of Churches (WCC), headed by Rev. Jerry Pillay, WCC General Secretary. The
- [UN sounds alarm over atrocities in El-Fasher as RSF militia seizes control of Sudanese city](https://www.dailynewsegypt.com/2025/10/28/un-sounds-alarm-over-atrocities-in-el-fasher-as-rsf-militia-seizes-control-of-sudanese-city/) - The United Nations and humanitarian organizations have sounded the alarm over the rapidly deteriorating situation in El-Fasher, the capital of Sudan’s North Darfur region, warning of escalating risks of atrocities and ethnically motivated violence. They called for urgent international action to protect civilians and open safe humanitarian corridors amid acute shortages of food and medicine.
- [Banque Misr joins "Open Your Account in Egypt" initiative for expatriate Egyptians](https://www.dailynewsegypt.com/2025/10/28/banque-misr-joins-open-your-account-in-egypt-initiative-for-expatriate-egyptians/) - Banque Misr has signed a cooperation protocol with the Ministry of Foreign Affairs, Emigration, and Egyptians Expatriate, alongside National Bank of Egypt, as part of the "Open Your Account in Egypt" initiative. Launched by the Central Bank of Egypt (CBE) in collaboration with the Ministry. The initiative aims to simplify banking account opening procedures for
- [ETA issues comprehensive tax guide for contracting, construction services](https://www.dailynewsegypt.com/2025/10/28/eta-issues-comprehensive-tax-guide-for-contracting-construction-services/) - Rasha Abdel Aal, Chairperson of the Egyptian Tax Authority (ETA), has announced the release of a comprehensive explanatory guide addressing the tax treatment of contracting and construction services under the provisions of Law No. 157 of 2025. Abdel Aal explained that the new guide aims to enhance tax awareness within the contracting sector—one of the
- [Omar Hisham announces launch of 2025 Egyptian Open at Madinaty golf courses](https://www.dailynewsegypt.com/2025/10/28/omar-hisham-announces-launch-of-2025-egyptian-open-at-madinaty-golf-courses/) - The Egyptian Open championship boasts a rich history dating back to 1921 and has featured some of the world's top golf stars over the decades.
- [Chemical Industries Holding launches green hydrogen projects in partnership with global investors: El-Shimy](https://www.dailynewsegypt.com/2025/10/28/chemical-industries-holding-launches-green-hydrogen-projects-in-partnership-with-global-investors-el-shimy/) - Mohamed El-Shimy, Minister of the Public Enterprises Sector, announced that the Chemical Industries Holding Company—affiliated with the Ministry—is implementing several ambitious projects to produce green hydrogen and its derivatives, in cooperation with international investors and government entities. These initiatives align with the state’s strategy to localize industry, advance green technology, and strengthen sustainable value chains.
- [Egypt's Al-Mashat to discuss global challenges, public-private partnerships at FII9 in Riyadh](https://www.dailynewsegypt.com/2025/10/28/egypts-al-mashat-to-discuss-global-challenges-public-private-partnerships-at-fii9-in-riyadh/) - Egypt's Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, has arrived in Saudi Arabia to participate in the Ninth Edition of the "Future Investment Initiative" (FII9) Conference. The conference, themed "The Key to Prosperity," is being held at the King Abdul Aziz International Conference Center in Riyadh and will continue until October 30.
- [SCZONE breaks ground on $20.5m Top New, Top Credit textile projects in West Qantara](https://www.dailynewsegypt.com/2025/10/28/sczone-breaks-ground-on-20-5m-top-new-top-credit-textile-projects-in-west-qantara/) - Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), and Ahmed Essam El-Din, Deputy Governor of Ismailia, laid the foundation stonnee on Tuesday for two textile and ready-made garment projects in the West Qantara Industrial Zone, affiliated with SCZONE. The projects, with total investments of $20.5m, will span a combined area of 68,000
- [TransMEA 2025 to feature Reverse Industrial Expo highlighting local manufacturing capabilities](https://www.dailynewsegypt.com/2025/10/28/transmea-2025-to-feature-reverse-industrial-expo-highlighting-local-manufacturing-capabilities/) - The 6th Smart Transport and Logistics Fair and Forum for the Middle East and Africa (TransMEA 2025), scheduled to take place from 9 to 11 November at the Egypt International Exhibition Center, will feature a Reverse Industrial Exhibition under the slogan “Industry and Transport Together for Sustainable Development.” The Reverse Industrial Exhibition will act as
- [Sokkar Mecca, China’s JACK launch AI-powered sewing equipment in Egypt](https://www.dailynewsegypt.com/2025/10/28/sokkar-mecca-chinas-jack-launch-ai-powered-sewing-equipment-in-egypt/) - Sokkar Mecca for Sewing Machines, a leading provider of advanced sewing solutions and the official agent of China’s JACK in Egypt, has launched the latest JACK A5E-B AMH2 sewing machine, powered by artificial intelligence (AI). The launch comes as part of Sokkar Mecca’s strategy to introduce cutting-edge sewing technologies to Egypt’s ready-made garment industry. The
- [Egyptian ministers discuss climate change impacts on food security in joint meeting](https://www.dailynewsegypt.com/2025/10/28/egyptian-ministers-discuss-climate-change-impacts-on-food-security-in-joint-meeting/) - Egypt’s government convened a joint ministerial meeting to address the impacts of climate change on national food security, bringing together the ministers of Water Resources and Irrigation, Local Development (also Acting Minister of Environment), and Agriculture, along with representatives from several concerned ministries and agencies. Water Resources and Irrigation Minister Hani Sewilam highlighted Egypt’s major
- [Prime Minister inaugurates redeveloped Ataba Market in downtown Cairo](https://www.dailynewsegypt.com/2025/10/28/prime-minister-inaugurates-redeveloped-ataba-market-in-downtown-cairo/) - Prime Minister Mostafa Madbouly today inaugurated the redeveloped Ataba Market in downtown Cairo, one of Egypt's oldest and most famous popular markets. The project is part of a state plan to modernise informal markets and preserve distinctive heritage areas. The inauguration was attended by Manal Awad, Minister of Local Development and acting Minister of Environment,
- [Opinion | ‘No Kings in America’: When the People Rose to Remind Trump What a Republic Means](https://www.dailynewsegypt.com/2025/10/28/opinion-no-kings-in-america-when-the-people-rose-to-remind-trump-what-a-republic-means/) - On the morning of October 18, the United States awoke to a scene that seemed lifted not from the day’s news but from the pages of its own history. The streets of Washington, New York, Los Angeles, and Chicago were filled with millions of angry faces, waving flags, and chants echoing between skyscrapers: “No Kings.”
- [Opinion | The Grand Egyptian Museum: Reframing Civilizational Memory in the Age of Globalization](https://www.dailynewsegypt.com/2025/10/28/opinion-the-grand-egyptian-museum-reframing-civilizational-memory-in-the-age-of-globalization/) - The Grand Egyptian Museum (GEM), scheduled for its official opening on 1 November 2025, stands as one of the most ambitious cultural projects of the 21st century — not only for Egypt but also for the global heritage landscape. Located near the Giza Plateau, where the pyramids rise as eternal witnesses to human ingenuity, the
- [Madinaty Golf Club to host 82nd Egyptian Open](https://www.dailynewsegypt.com/2025/10/27/madinaty-golf-club-104-egyptian-open/) - Egyptian Open is one of the oldest and most prestigious professional golf tournaments in the Middle East and Africa, with a history spanning 104 years
- [Sharm El-Sheikh hosts global audit leaders as Egypt set to assume INTOSAI presidency](https://www.dailynewsegypt.com/2025/10/27/sharm-el-sheikh-hosts-global-audit-leaders-as-egypt-set-to-assume-intosai-presidency/) - The Executive Council meetings of the International Organisation of Supreme Audit Institutions (INTOSAI) commenced today in Sharm El-Sheikh. The meetings, attended by heads and representatives of member Supreme Audit Institutions (SAIs) on the Executive Council, are a precursor to the 25th International Congress of Supreme Audit Institutions (INCOSAI 25), which will be held under the
- [Ancient Egyptian crocodile discovery reshapes understanding of its evolution](https://www.dailynewsegypt.com/2025/10/27/ancient-egyptian-crocodile-discovery-reshapes-understanding-of-its-evolution/) - A team of Egyptian palaeontologists has discovered a new species of ancient crocodile in Egypt’s Western Desert that lived around 80 million years ago — a find that is reshaping scientists’ understanding of crocodile evolution. The discovery, published in The Zoological Journal of the Linnean Society, describes Wadisuchus kassabi, now recognised as the earliest known
- [Egypt becomes regional hub for health investment, innovation: Abdel Ghaffar](https://www.dailynewsegypt.com/2025/10/27/egypt-becomes-regional-hub-for-health-investment-innovation-abdel-ghaffar/) - Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, said on Monday that Egypt has become a regional hub for health investment and innovation, highlighting the country’s comprehensive healthcare reforms and expanding public–private partnerships. Speaking during the session “National and Global Healthcare: Policy and Investment” at the Global Health Exhibition 2025 in Riyadh –attended by
- [Gaza ceasefire faces new strains amid stalled reconstruction talks](https://www.dailynewsegypt.com/2025/10/27/gaza-ceasefire-faces-new-strains-amid-stalled-reconstruction-talks/) - Tensions are mounting in the Gaza Strip as disagreements over post-war reconstruction threaten to undermine the fragile ceasefire that took effect earlier this month. The disputes come amid ongoing humanitarian challenges and rising political friction among the parties involved in rebuilding efforts. The Ministry of Health in Gaza announced that eight bodies and 13 injured
- [ECS, Agricultural Export Council discuss boosting Egyptian fruit, vegetable exports to Kuwait](https://www.dailynewsegypt.com/2025/10/27/ecs-agricultural-export-council-discuss-boosting-egyptian-fruit-vegetable-exports-to-kuwait/) - The Egyptian Commercial Service (ECS) in Kuwait held an online meeting with the Agricultural Export Council to explore ways to increase Egypt’s exports of fresh fruits and vegetables to the Kuwaiti market, as part of efforts to expand the country’s agricultural export footprint across Gulf markets. During the meeting, Essam Brekaa, Counselor at ECS in
- [Venezuelan market opens to Egyptian fresh pomegranates: Agriculture Minister](https://www.dailynewsegypt.com/2025/10/27/venezuelan-market-opens-to-egyptian-fresh-pomegranates-agriculture-minister/) - Egyptian Minister of Agriculture and Land Reclamation Alaa Farouk has announced the official opening of the Venezuelan market to Egypt’s fresh pomegranate exports – a step expected to boost export activity and diversify destination markets to enhance export sustainability. Farouk received a joint report from Ahmed Azzam, Head of the Agricultural Services and Follow-up Sector,
- [Egypt’s investment minister, British ambassador discuss strengthening economic partnership](https://www.dailynewsegypt.com/2025/10/27/egypts-investment-minister-british-ambassador-discuss-strengthening-economic-partnership/) - Minister of Investment and Foreign Trade Hassan El-Khatib held a meeting with British Ambassador to Cairo Mark Bryson-Richardson to discuss ways to enhance the strategic partnership between Egypt and the United Kingdom. The talks reviewed the progress achieved in implementing economic reforms aimed at attracting investment and expanding the role of the private sector in
- [Egyptian-Chinese alliance to invest $75m in West Qantara industrial projects](https://www.dailynewsegypt.com/2025/10/27/egyptian-chinese-alliance-to-invest-75m-in-west-qantara-industrial-projects/) - A consortium of Egyptian and Chinese companies has signed contracts for three new industrial projects in the West Qantara industrial zone, with a total investment of $75m (approximately EGP 3.6bn). The projects are expected to generate over $100m in annual exports and create 3,600 direct jobs. Walid Gamal El-Din, Chairperson of the General Authority for
- [Turkish court issues new arrest warrant for jailed Istanbul mayor on spying charges](https://www.dailynewsegypt.com/2025/10/27/turkish-court-issues-new-arrest-warrant-for-jailed-istanbul-mayor-on-spying-charges/) - A Turkish court on Monday issued a new arrest warrant for Istanbul's jailed mayor, Ekrem İmamoğlu, this time on a charge of "political espionage," in a move critics say could pave the way for a state takeover of the municipality. While it is not unusual for Turkish courts to issue formal arrest warrants for individuals
- [US builds up military presence near Venezuela, Maduro warns against 'crazy war'](https://www.dailynewsegypt.com/2025/10/27/us-builds-up-military-presence-near-venezuela-maduro-warns-against-crazy-war/) - The United States is amassing an unprecedented number of warships, fighter jets, and reconnaissance aircraft off the coast of Venezuela as the Trump administration expands its military campaign against what it calls "transnational criminal organisations," the Washington Post has reported. On Friday, the Pentagon said the aircraft carrier USS Gerald R. Ford and its accompanying
- [High-level Egyptian, US visits to Lebanon focus on Israel ceasefire](https://www.dailynewsegypt.com/2025/10/27/high-level-egyptian-us-visits-to-lebanon-focus-on-israel-ceasefire/) - A senior US envoy is set to discuss a fragile ceasefire with Israel and the disarmament of Hezbollah during a visit to Beirut on Monday, as Egypt's intelligence chief is also expected for talks aimed at de-escalating rising tensions on the border. The diplomatic push comes amid growing fears in Lebanon of a potential large-scale
- [On Asia tour, Trump gets imperial welcome in Japan before Takaichi talks](https://www.dailynewsegypt.com/2025/10/27/on-asia-tour-trump-gets-imperial-welcome-in-japan-before-takaichi-talks/) - US President Donald Trump began a visit to Japan on Monday, meeting with Emperor Naruhito ahead of talks with newly elected Prime Minister Sanae Takaichi, on an Asian tour aimed at securing trade deals, investments, and increased defence spending. Trump, on his longest trip abroad since taking office in January, has already announced a series
- [LG Electronics Egypt expands local manufacturing, deepens integration of local components](https://www.dailynewsegypt.com/2025/10/27/lg-electronics-egypt-expands-local-manufacturing-deepens-integration-of-local-components/) - LG Electronics Egypt is increasing the proportion of locally sourced components in its products as part of a broader strategy to strengthen domestic manufacturing and support the Egyptian industrial sector, according to Kichul Lee, HE PM Team Leader at LG Electronics Egypt. Lee noted that LG currently produces around 2.5 million television units annually in
- [Egypt reiterates commitment to UN partnership, economic reforms in high-level meeting](https://www.dailynewsegypt.com/2025/10/27/egypt-reiterates-commitment-to-un-partnership-economic-reforms-in-high-level-meeting/) - Egypt's Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, underscored Egypt's strong partnership with the United Nations and its commitment to economic and sustainable development during a roundtable with Presidents of UN Executive Boards. The meeting, also attended by Badr Abdelatty, Minister of Foreign Affairs, Emigration, and Egyptians Expatriate, included representatives from the
- [Egypt’s social solidarity minister, British ambassador discuss strategic financial empowerment system](https://www.dailynewsegypt.com/2025/10/27/egypts-social-solidarity-minister-british-ambassador-discuss-strategic-financial-empowerment-system/) - Maya Morsy, Minister of Social Solidarity, met with Mark Bryson-Richardson, the British Ambassador to Egypt, and his accompanying delegation at the ministry’s headquarters in the New Administrative Capital. The meeting was attended by Mohamed El-Oqbi, Assistant to the Minister of Social Solidarity, and Amira Tag El-Din, Director General of the General Administration for International Relations
- [Awad, World Bank review outcomes of Upper Egypt Local Development Programme](https://www.dailynewsegypt.com/2025/10/27/awad-world-bank-review-outcomes-of-upper-egypt-local-development-programme/) - Manal Awad, Minister of Local Development and Acting Minister of Environment, met with a delegation from the World Bank’s Independent Evaluation Group (IEG) to review the outcomes of the Upper Egypt Local Development Programme (UELDP) and discuss the ministry’s vision for its next phase. The meeting was attended by Birgit Hansl, Director of Country Programs
- [SCZONE secures EGP 30bn long-term CIB financing for infrastructure and port upgrades](https://www.dailynewsegypt.com/2025/10/27/sczone-secures-egp-30bn-long-term-cib-financing-for-infrastructure-and-port-upgrades/) - The Suez Canal Economic Zone (SCZONE) has secured EGP 30bn in long-term banking finance from Commercial International Bank – Egypt (CIB) over 17 years. This funding will repay and restructure a previous EGP 10bn loan and provide EGP 20bn in new capital. The finance supports SCZONE's strategy to develop its ports, complete industrial zone infrastructure
- [Egypt's Port Said advances development projects, including historic lighthouse revival](https://www.dailynewsegypt.com/2025/10/27/egypts-port-said-advances-development-projects-including-historic-lighthouse-revival/) - Port Said governorate is moving forward with several investment projects, including the development of the Helnan Port Said Hotel, the revival of the historic Port Said Lighthouse, and new hotel and residential initiatives. These plans were reviewed in a Monday meeting chaired by Egyptian Prime Minister Mostafa Madbouly, attended by Manal Awad, Minister of Local
- [Egypt Open Junior and Ladies Golf Championship concludes](https://www.dailynewsegypt.com/2025/10/26/egypt-open-junior-and-ladies-golf-championship-concludes/) - The Egypt International Junior and Ladies Golf Championship has concluded after three days of competition at the New Giza Golf Club, with nearly 100 players from 15 countries participating. In the ladies' competition for the Nefertiti Cup, South African player Isabella Ferreira took the title with a score of 13-under-par, three strokes ahead of her
- [Capital Markets Advisors Concludes Advisory Role in Al Baraka Bank Egypt’s Acquisition of Amlak Finance Egypt](https://www.dailynewsegypt.com/2025/10/26/capital-markets-advisors-concludes-advisory-role-in-al-baraka-bank-egypts-acquisition-of-amlak-finance-egypt/) - Capital Markets Advisors, a subsidiary of Synergy Capital, has successfully completed its role as the exclusive buy-side advisor to Al Baraka Bank – Egypt in its full acquisition of Amlak Finance – Egypt, marking a significant milestone in the local financial services landscape. The transaction reinforces Al Baraka Bank’s expansion strategy and long-term investment vision
- [Health minister, Qena governor review progress on key healthcare projects in Upper Egypt](https://www.dailynewsegypt.com/2025/10/26/health-minister-qena-governor-review-progress-on-key-healthcare-projects-in-upper-egypt/) - Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, met on Sunday with Qena Governor Khaled Abdel Halim to discuss ways to accelerate the development of the healthcare system in the governorate and complete ongoing projects aimed at improving medical services and easing the burden on citizens, the ministry said in a statement. Abdel Ghaffar
- [RSF claims capture of El Fasher after fierce battles with Sudanese army](https://www.dailynewsegypt.com/2025/10/26/rsf-claims-capture-of-el-fasher-after-fierce-battles-with-sudanese-army/) - The Rapid Support Forces (RSF), a paramilitary group, launched a major assault on El Fasher, the capital of North Darfur, claiming full control of the Sudanese army’s 6th Infantry Division headquarters in one of the fiercest escalations since the conflict began 18 months ago. RSF spokesperson Al-Fateh Qureshi said in a statement on Sunday that
- [Egyptian machinery enters Gaza amid renewed Israeli truce violations](https://www.dailynewsegypt.com/2025/10/26/egyptian-machinery-enters-gaza-amid-renewed-israeli-truce-violations/) - Egyptian machinery and equipment entered the Gaza Strip early Sunday through the Rafah crossing to assist in the search for the remains of Israeli detainees believed to be buried under the rubble of buildings destroyed during Israel’s war on the enclave. It was the first such on-ground operation since the U.S.-brokered ceasefire came into effect.
- [Infrastructure projects key to attracting $11bn to Suez Canal Economic Zone: Madbouly](https://www.dailynewsegypt.com/2025/10/26/infrastructure-projects-key-to-attracting-11bn-to-suez-canal-economic-zone-madbouly/) - Egypt's massive investment in infrastructure over the past decade has been crucial in attracting $11bn in foreign direct investment to the Suez Canal Economic Zone (SCZONE), Prime Minister Mostafa Madbouly said on Sunday. Speaking at the end of a tour of Suez governorate, Madbouly said that without these infrastructure projects, SCZONE would not have been
- [Egyptian Swiss Group invests $25m to expand pasta production over five years](https://www.dailynewsegypt.com/2025/10/26/egyptian-swiss-group-invests-25m-to-expand-pasta-production-over-five-years/) - Egyptian Swiss Group for Pasta, Milling and Concentrates announced plans to expand its production capacity over the next five years with total investments of $20-25m, aiming to achieve EGP 5bn in total sales by the end of 2025, including EGP 3bn from its pasta business. During a celebration marking World Pasta Day, Ahmed El-Sebaie, General
- [Belmazad, Cairo Finance partner to launch real estate auction platform, debuting with Mansoura asset](https://www.dailynewsegypt.com/2025/10/26/belmazad-cairo-finance-partner-to-launch-real-estate-auction-platform-debuting-with-mansoura-asset/) - Belmazad, a company specialising in online real estate auction management and marketing, has signed a partnership agreement with Cairo Finance, a subsidiary of Banque du Caire, to launch an integrated digital platform for the sale and financing of repossessed real estate assets. The collaboration aims to streamline the marketing and sale of properties from defaulting
- [Capital Agro launches $25m logistics hub to enhance frozen food storage, distribution](https://www.dailynewsegypt.com/2025/10/26/capital-agro-launches-25m-logistics-hub-to-enhance-frozen-food-storage-distribution/) - Capital Agro for Import & Export Group has announced the launch of a new $25m logistics complex dedicated to frozen food storage and distribution, featuring large-scale freezers and integrated sorting and packaging lines. The investment includes $15m allocated for 2025, with an additional $10m planned through 2027. The company has begun developing a fully integrated
- [CIB launches co-branded credit card for Egypt’s digital generation](https://www.dailynewsegypt.com/2025/10/26/cib-launches-co-branded-credit-card-for-egypts-digital-generation/) - The Commercial International Bank (CIB) Egypt, the country’s largest private-sector bank, has announced a strategic partnership with Talabat, the leading e-commerce platform in the Middle East and North Africa, and Mastercard, the global payments technology company, to launch a new co-branded credit card designed for Egypt’s growing digital generation. The initiative aligns with the government’s
- [Delemar Industrial Group launches EGP 5bn expansion to establish advanced industrial complexes](https://www.dailynewsegypt.com/2025/10/26/delemar-industrial-group-launches-egp-5bn-expansion-to-establish-advanced-industrial-complexes/) - Mahmoud Haroun, Chairperson and Managing Director of Delemar Industrial Group, a member of the Federation of Egyptian Industries and the Industry Committee at the American Chamber of Commerce, announced the group’s new expansion strategy worth EGP 5bn. Haroun said the group has transitioned from primarily serving the domestic market to pursuing a strategic export-oriented model.
- [Egypt’s military production minister pledges stronger local manufacturing, global cooperation](https://www.dailynewsegypt.com/2025/10/26/egypts-military-production-minister-pledges-stronger-local-manufacturing-global-cooperation/) - Mohamed Salah El-Din Mostafa, Minister of State for Military Production, reaffirmed the ministry’s commitment to implementing the directives of the political leadership to deepen local manufacturing and forge partnerships with national and international institutions. The goal, he said, is to transfer the latest military and civilian manufacturing technologies to the ministry’s affiliated entities, ensuring that
- [Gates Developments reveals Ezz El Arab’s new headquarters at Space Commercial Complex](https://www.dailynewsegypt.com/2025/10/26/gates-developments-reveals-ezz-el-arabs-new-headquarters-at-space-commercial-complex/) - Gates Developments, one of Egypt’s leading real estate developers, has announced that Ezz El Arab has joined its distinguished client portfolio, choosing an entire building within the Space Commercial Complex to serve as its new headquarters in West Cairo. This move underscores the prominent position of the Space Commercial Complex as one of the most
- [Four fiscal policy priorities to drive economic growth, enhance business climate, and improve citizens’ lives: Kouchouk](https://www.dailynewsegypt.com/2025/10/26/four-fiscal-policy-priorities-to-drive-economic-growth-enhance-business-climate-and-improve-citizens-lives-kouchouk/) - Minister of Finance Ahmed Kouchouk affirmed that four key fiscal policy priorities constitute the core foundation for achieving sustainable growth, improving the business environment, and enhancing citizens’ quality of life. Kouchouk emphasised that the Ministry of Finance’s foremost strategic goal is to invest in human capital and improve the conditions of public sector employees. He
- [Al Baraka Bank Egypt buys mortgage finance company Amlak Finance Egypt](https://www.dailynewsegypt.com/2025/10/26/al-baraka-bank-egypt-buys-mortgage-finance-company-amlak-finance-egypt/) - Al Baraka Bank Egypt has acquired full ownership of Amlak Finance Egypt from its UAE-based parent company, Amlak Finance PJSC, as part of its strategy to expand its real estate mortgage finance activities, the bank announced. A final sale and purchase agreement was signed by Hazem Hegazy, CEO and Vice Chairman of Al Baraka Bank
- [Egypt's foreign and planning ministries to align efforts on economic diplomacy](https://www.dailynewsegypt.com/2025/10/26/egypts-foreign-and-planning-ministries-to-align-efforts-on-economic-diplomacy/) - Egypt's minister of planning and minister of foreign affairs have met to discuss integrating their ministries' efforts to promote the country's new economic development narrative and enhance cooperation with international partners, the two ministries said in a joint statement. Minister of Planning Rania Al-Mashat and Foreign Minister Badr Abdelatty on Sunday discussed strengthening national efforts
- [Hills Developments, Protection Real Estate Development forge strategic partnership to advance urban projects](https://www.dailynewsegypt.com/2025/10/26/hills-developments-protection-real-estate-development-forge-strategic-partnership-to-advance-urban-projects/) - Hills Developments and Protection Real Estate Development (PRD) have announced a strategic partnership to jointly develop large-scale urban projects, combining their respective strengths in real estate innovation and engineering excellence. The collaboration brings together two leading names in Egypt’s real estate sector. Hills Developments, a subsidiary of INTRO Group—one of Egypt’s most diversified conglomerates with
- [One of One expands footprint in Egypt with two integrated developments in Sheikh Zayed, New Cairo](https://www.dailynewsegypt.com/2025/10/26/one-of-one-expands-footprint-in-egypt-with-two-integrated-developments-in-sheikh-zayed-new-cairo/) - Egyptian real estate developer One of One has announced the launch of two new integrated projects — Bridges in Sheikh Zayed and Grounds in New Cairo — marking a significant step in its expansion strategy to deliver sustainable, people-focused communities across Egypt. Bridges, located on 10 feddans along the 26th of July Axis, is designed
- [Oria Developments partners with Swiss Inn to manage Alamat Hotel Residences in 6th of October City](https://www.dailynewsegypt.com/2025/10/26/oria-developments-partners-with-swiss-inn-to-manage-alamat-hotel-residences-in-6th-of-october-city/) - Oria Developments has announced a partnership with Swiss Inn Hotels to manage and operate the hotel and serviced apartment components of its flagship project, Alamat, located in 6th of October City. The collaboration aims to deliver a high-end residential experience that combines contemporary design with professional hospitality management, reflecting Oria’s commitment to redefining modern living
- [Slvr Communities launches VYBE mixed-use project in New Cairo’s Fifth Settlement](https://www.dailynewsegypt.com/2025/10/26/slvr-communities-launches-vybe-mixed-use-project-in-new-cairos-fifth-settlement/) - Slvr Communities has announced the launch of its latest mixed-use development, VYBE, located in the South Academy area of New Cairo’s Fifth Settlement. Spanning approximately 3,500 square metres, the project is designed to offer a blend of commercial, administrative, and medical spaces, reflecting the company’s commitment to meeting growing demand for functional, strategically located service
- [Cairo real estate market steadies as developers prioritise flexibility, value-driven demand](https://www.dailynewsegypt.com/2025/10/26/cairo-real-estate-market-steadies-as-developers-prioritise-flexibility-value-driven-demand/) - The real estate market in Greater Cairo is witnessing a period of relative stability after years of sharp price surges and volatility. As the market matures, both developers and resale sellers are shifting their strategies toward affordability, long-term value, and sustained investor confidence. Buyers, meanwhile, are becoming increasingly selective—focusing on projects that balance fair pricing
- [CBE, Foreign Ministry launch 'Open Your Account in Egypt' initiative for expatriates](https://www.dailynewsegypt.com/2025/10/26/cbe-foreign-ministry-launch-open-your-account-in-egypt-initiative-for-expatriates/) - Egypt has launched an initiative to make it easier for its citizens working abroad to open domestic bank accounts through its diplomatic missions, a move aimed at incentivising remittances and investment. The Central Bank of Egypt (CBE) and the Ministry of Foreign Affairs, Emigration, and Egyptian Expatriates launched the "Open Your Account in Egypt" initiative
- [Egypt, WHO discuss enhancing pharmacovigilance systems to ensure drug, vaccine safety](https://www.dailynewsegypt.com/2025/10/25/egypt-who-discuss-enhancing-pharmacovigilance-systems-to-ensure-drug-vaccine-safety/) - Egypt’s Minister of Health and Population and Deputy Prime Minister, Khaled Abdel Ghaffar, met on Saturday with representatives from the World Health Organization (WHO) to discuss ways to strengthen pharmacovigilance systems and enhance the safety of medicines and vaccines, the ministry said in a statement. Ministry spokesperson Hossam Abdel Ghaffar said the meeting focused on
- [Private sector leads Egypt's investment with 73% growth, says finance minister](https://www.dailynewsegypt.com/2025/10/25/private-sector-leads-egypts-investment-with-73-growth-says-finance-minister/) - Private sector investments in Egypt grew by 73% during the last fiscal year, Egyptian Finance Minister Ahmed Kouchouk said, adding that the private sector is now leading investment in the country. Speaking at a virtual meeting with investors organised by asset management firm FIM Partners, Kouchouk said the Egyptian economy's growth rate reached 4.4% in
- [Cautious calm in Gaza as Egypt drives peace push](https://www.dailynewsegypt.com/2025/10/25/cautious-calm-in-gaza-as-egypt-drives-peace-push/) - A tentative calm prevails in the Gaza Strip as Egypt intensifies diplomatic efforts to solidify the ceasefire and accelerate reconstruction, following months of devastating conflict. Egyptian Foreign Minister Badr Abdelaty reaffirmed on Saturday the importance of continued coordination with Turkey to ensure the full implementation of the agreement ending the war in Gaza. According to
- [Cairo set to open Grand Egyptian Museum – world’s largest showcase of ancient heritage](https://www.dailynewsegypt.com/2025/10/25/cairo-set-to-open-grand-egyptian-museum-worlds-largest-showcase-of-ancient-heritage/) - After more than two decades of planning and construction, Egypt is preparing to inaugurate the Grand Egyptian Museum – the world’s largest archaeological museum – in an international celebration scheduled for 1 November. The event, expected to draw world leaders and prominent figures, marks a milestone in Cairo’s efforts to establish itself as a global
- [Steve Bannon claims 'plan' exists for Trump to serve a third term](https://www.dailynewsegypt.com/2025/10/25/steve-bannon-claims-plan-exists-for-trump-to-serve-a-third-term/) - Steve Bannon, a former White House chief strategist for Donald Trump, has publicly endorsed the idea of the president serving a third term, claiming a "plan" is being developed to circumvent the constitutional two-term limit. The comments from Bannon, a prominent pro-Trump media figure who was convicted of fraud, come after months of the president
- [Thailand, Cambodia to sign ceasefire in Malaysia with Trump in attendance](https://www.dailynewsegypt.com/2025/10/25/thailand-cambodia-to-sign-ceasefire-in-malaysia-with-trump-in-attendance/) - Thai Prime Minister Anutin Charnvirakul will travel to Malaysia on Saturday to sign a ceasefire agreement with Cambodia, a ceremony to be witnessed by US President Donald Trump, after the prime minister decided to skip the main ASEAN summit following the death of Queen Mother Sirikit. While foreign ministers from the Association of Southeast Asian
- [EU warns China's rare earth curbs are a 'great risk', weighs response](https://www.dailynewsegypt.com/2025/10/25/eu-warns-chinas-rare-earth-curbs-are-a-great-risk-weighs-response/) - European Commission President Ursula von der Leyen has warned that China's tightening of export restrictions on rare earth metals and battery materials poses a "great risk" to Europe and said Brussels is considering all options in response, including coordinating with G7 partners. "In recent weeks and months, China has significantly tightened export restrictions on rare
- [Egyptian ministers launch 2nd 'EGY AGRI' expo in New Valley governorate](https://www.dailynewsegypt.com/2025/10/25/egyptian-ministers-launch-2nd-egy-agri-expo-in-new-valley-governorate/) - Egypt's Minister of Local Development, Manal Awad, and Minister of Agriculture, Alaa El-Din Farouk, on Thursday inaugurated the second edition of the New Valley agricultural exhibition, "EGY AGRI," a national event reflecting the partnership and efforts to serve the agricultural and development sectors in the governorate. The ministers, along with New Valley Governor Mohamed Al-Zamlot,
- [Egypt advances efforts to align with EU Carbon Border Mechanism to boost export competitiveness](https://www.dailynewsegypt.com/2025/10/25/egypt-advances-efforts-to-align-with-eu-carbon-border-mechanism-to-boost-export-competitiveness/) - Mohamed El-Shimy, Minister of Public Enterprises Sector, held an extensive meeting on Saturday to review ongoing efforts by state-affiliated companies to align with the European Union’s Carbon Border Adjustment Mechanism (CBAM). The mechanism, designed to reduce industrial greenhouse gas emissions, also aims to safeguard the competitiveness of Egyptian exports in European markets. El-Shimy underscored the
- [Egypt, Morocco explore deeper industrial, transport cooperation](https://www.dailynewsegypt.com/2025/10/25/egypt-morocco-explore-deeper-industrial-transport-cooperation/) - Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with the Ambassador of Morocco to Cairo, Mohamed Ait Ouali, to discuss ways to strengthen industrial, investment, and transport cooperation between the two countries. At the outset of the meeting, Al-Wazir affirmed that Egyptian-Moroccan relations serve as a model
- [United Bank, Social Housing Fund expand affordable mortgage finance to EGP 5bn](https://www.dailynewsegypt.com/2025/10/25/united-bank-social-housing-fund-expand-affordable-mortgage-finance-to-egp-5bn/) - The United Bank has signed a cooperation protocol with the Social Housing and Mortgage Finance Fund to provide a wider range of affordable mortgage solutions for low- and middle-income citizens. The agreement aligns with national and Central Bank of Egypt (CBE) initiatives aimed at expanding home ownership, promoting financial inclusion, and supporting the objectives of
- [Non-bank financing for MSMEs jumps to EGP 91.4bn in August 2025: FRA](https://www.dailynewsegypt.com/2025/10/25/non-bank-financing-for-msmes-jumps-to-egp-91-4bn-in-august-2025-fra/) - The Financial Regulatory Authority (FRA) has announced that the total volume of non-bank financing extended by companies and associations operating in the medium, small, and micro enterprise (MSME) sector reached EGP 91.355bn in August 2025, compared to EGP 69.041bn in August 2024—an increase of EGP 22.314bn year-on-year. According to the FRA, financing for micro-enterprises stood
- [Suez Canal Bank leads EGP 4.5bn syndicated loan for Madkour infrastructure project](https://www.dailynewsegypt.com/2025/10/25/suez-canal-bank-leads-egp-4-5bn-syndicated-loan-for-madkour-infrastructure-project/) - A banking alliance led by Suez Canal Bank has signed a joint financing agreement worth EGP 4.485bn in favour of Madkour Holding. The financing will fund contracting works assigned by the Military Works Department of the Ministry of Defence for the supply and installation of underground cables along the Suez Road, replacing existing overhead lines
- [HSBC to review retail banking business in Egypt](https://www.dailynewsegypt.com/2025/10/25/hsbc-to-review-retail-banking-business-in-egypt/) - HSBC Egypt announced that its parent company, HSBC Holdings plc (HSBC Group), will undertake a strategic review of its retail banking business in Egypt. This follows the announcement earlier this year of strategic reviews of HSBC’s retail businesses in Australia, Indonesia, Sri Lanka and Bangladesh, and its decision to divest its retail business in Bahrain.
- [Egypt, Saudi Arabia discuss strengthening pharmaceutical cooperation](https://www.dailynewsegypt.com/2025/10/25/egypt-saudi-arabia-discuss-strengthening-pharmaceutical-cooperation/) - Chairperson of the Egyptian Drug Authority (EDA) Ali Ghamrawy has held a bilateral meeting with President of the Saudi Food and Drug Authority (SFDA) Hisham Aljadhey on the sidelines of the 2025 International Coalition of Medicines Regulatory Authorities (ICMRA) Summit, held in Amsterdam, the Netherlands. The Saturday meeting reviewed progress in implementing cooperation mechanisms between
- [President Al-Sisi closely follows up on Egypt–Saudi Arabia power interconnection project: Esmat](https://www.dailynewsegypt.com/2025/10/25/president-al-sisi-closely-follows-up-on-egypt-saudi-arabia-power-interconnection-project-esmat/) - Minister of Electricity and Renewable Energy Mahmoud Esmat said that the Egypt–Saudi Arabia electricity interconnection project is receiving significant attention and direct follow-up from President Abdel Fattah Al-Sisi, given its vital role in enhancing the efficiency and stability of the unified power grid and optimising the use of generation capacities in both countries during peak
- [Al-Sisi reviews final preparations for Grand Egyptian Museum opening](https://www.dailynewsegypt.com/2025/10/25/al-sisi-reviews-final-preparations-for-grand-egyptian-museum-opening/) - President Abdel Fattah Al-Sisi reviewed on Saturday the ongoing preparations for the opening ceremony of the Grand Egyptian Museum, scheduled for November 1, according to a statement by the Presidency. The review took place during a meeting with Prime Minister Mostafa Madbouly, Minister of Tourism and Antiquities Sherif Fathi, and Mohamed El-Saadi, board member of
- [Iran and Russia conduct 80% of trade in local currencies, says official](https://www.dailynewsegypt.com/2025/10/23/iran-and-russia-conduct-80-of-trade-in-local-currencies-says-official/) - Lozhechko concluded that continued dialogue and regulatory alignment will unlock the full potential of Iran, Russia trade and promote a financial partnership.
- [Iran's Mount Taftan volcano shows signs of activity after 710,000 years](https://www.dailynewsegypt.com/2025/10/23/irans-mount-taftan-volcano-shows-signs-of-activity-after-710000-years/) - Volcanologist Pablo Gonzalez suggested changing Iran's Mount Taftan volcano classification from “extinct” to “dormant" saying no threat of imminent eruption
- [Indian lunar spacecraft records impact of solar flares on moon for first time](https://www.dailynewsegypt.com/2025/10/22/indian-lunar-spacecraft-records-impact-of-solar-flares-on-moon-for-first-time/) - India’s Chandrayaan-2 orbiter has, for the first time, recorded in real time the impact of a solar coronal mass ejection on the moon’s surface, a finding that could be crucial for future astronaut missions, Asian News International, a partner of the TV BRICS network reported. The observation, conducted using a special instrument, showed that the
- [Russian cosmonaut and pilot to skydive from stratosphere over South Pole](https://www.dailynewsegypt.com/2025/10/22/russian-cosmonaut-and-pilot-to-skydive-from-stratosphere-over-south-pole/) - The skydive mission continues the legacy of Russian polar exploration, from the first Arctic flights in 1937 to modern expeditions.
- [China unveils world’s first wind-powered underwater data centre](https://www.dailynewsegypt.com/2025/10/22/china-unveils-worlds-first-wind-powered-underwater-data-centre/) - The data centre is located in the Lin-gang Special Area of the China (Shanghai) Pilot Free Trade Zone, according to a report by China Daily.
- [Brazil among world's top ten tourism powerhouses for job creation, report says](https://www.dailynewsegypt.com/2025/10/22/brazil-among-worlds-top-ten-tourism-powerhouses-for-job-creation-report-says/) - The report places Brazil ahead of several major global tourism destinations, though it ranks behind China, India, Indonesia, the Philippines, and Thailand.
- [China launches first telescope to study sun’s magnetic field in infrared](https://www.dailynewsegypt.com/2025/10/22/china-launches-first-telescope-to-study-suns-magnetic-field-in-infrared/) - Located in China Qinghai Province, the telescope uses infrared spectroscopy to make highly precise observations across a broad wavelength range.
- [Russian World Assembly discusses global promotion of Russian language](https://www.dailynewsegypt.com/2025/10/22/russian-world-assembly-discusses-global-promotion-of-russian-language/) - Speaking at the 17th Assembly of the Russian World in Moscow, Anatoly Torkunov, Rector of MGIMO University said Russian civilisation is "absolutely unique."
- [BRICS media experts discuss role of cooperation in building global trust](https://www.dailynewsegypt.com/2025/10/22/brics-media-experts-discuss-role-of-cooperation-in-building-global-trust/) - The session, co-organised by TV BRICS brought together media experts from Brazil, South Africa, Nigeria, Egypt, China, Cuba, Mexico, Iran, and Chile
- [Traditional Egyptian neighbourhoods in TV drama: From cultural beacon to fading identity](https://www.dailynewsegypt.com/2025/10/22/traditional-egyptian-neighbourhoods-in-tv-drama-from-cultural-beacon-to-fading-identity/) - Over the past four decades, Egyptian television drama has undergone a profound transformation in the way it depicts the hāra — the traditional Egyptian neighbourhoods. Once portrayed by Naguib Mahfouz as a microcosm of Egyptian life, the neighbourhood reflected the country’s diverse social fabric, especially its middle class, long seen as the nation’s moral anchor.
- [Omar Hisham announces launch of Egyptian junior and ladies' golf with 100 players from 15 nations](https://www.dailynewsegypt.com/2025/10/22/omar-hisham-announces-launch-of-egyptian-junior-and-ladies-golf-with-100-players-from-15-nations/) - Omar Hisham Talaat, said the tournament is part of the Egyptian Golf Federation's ambitious strategy to expand the game's base in Egypt
- [Suez Canal signs $2bn first-phase deal to build petrochemical complex in Ain Sokhna](https://www.dailynewsegypt.com/2025/10/22/suez-canal-signs-2bn-first-phase-deal-to-build-petrochemical-complex-in-ain-sokhna/) - Osama Rabie, Chairperson of the Suez Canal Authority (SCA), witnessed on Wednesday the signing of a strategic partnership agreement between the SCA and Anchorage Investments to establish a major industrial petrochemical complex on SCA-owned land in Ain Sokhna, northwest of the Gulf of Suez, within the Suez Canal Economic Zone (SCZONE). The agreement marks the
- [Egypt calls for stronger role of multilateral development banks in cutting financing costs: Finance Minister](https://www.dailynewsegypt.com/2025/10/22/egypt-calls-for-stronger-role-of-multilateral-development-banks-in-cutting-financing-costs-finance-minister/) - Egypt’s Minister of Finance, Ahmed Kouchouk, has said that Egypt looks forward to a stronger role for multilateral development banks and international financial institutions in reducing financing costs for member states and the private sector. Speaking on the second day of the UNCTAD Conference in Geneva, Kouchouk emphasised the importance of scaling up innovative and
- [Egypt targets 5% growth as reforms, Gaza deal boost prospects, says Al-Mashat](https://www.dailynewsegypt.com/2025/10/22/egypt-targets-5-growth-as-reforms-gaza-deal-boost-prospects-says-al-mashat/) - Egypt's economy is on track to achieve growth of nearly 5% in the current 2025/2026 fiscal year, supported by economic reforms and the positive impact of a peace deal in Gaza, Planning and International Minister Rania Al-Mashat said on Wednesday. Speaking at the "People and Banks" economic conference, Al-Mashat said the economy has witnessed significant
- [ICJ holds Israel responsible for worsening humanitarian crisis in Gaza](https://www.dailynewsegypt.com/2025/10/22/icj-holds-israel-responsible-for-worsening-humanitarian-crisis-in-gaza/) - The International Court of Justice (ICJ), the UN’s highest judicial body, ruled on Wednesday that Israel is obliged to ensure the basic needs of Gaza’s civilian population are met and to facilitate humanitarian relief operations, particularly those carried out by the UN Relief and Works Agency for Palestine Refugees (UNRWA) and other UN bodies. The
- [Egypt, Sudan discuss boosting health cooperation, supporting Sudan’s medical system](https://www.dailynewsegypt.com/2025/10/22/egypt-sudan-discuss-boosting-health-cooperation-supporting-sudans-medical-system/) - Egypt’s Deputy Prime Minister and Minister of Health, Khaled Abdel Ghaffar, has met with Sudanese Health Minister Haitham Ibrahim Awadallah in Cairo’s New Administrative Capital to discuss ways to strengthen health cooperation between the two countries, the Egyptian Ministry of Health said in a statement on Wednesday. The meeting was attended by Sudan’s Ambassador to
- [Egypt hands over chairmanship of Islamic Water Ministers’ Conference to Saudi Arabia](https://www.dailynewsegypt.com/2025/10/22/egypt-hands-over-chairmanship-of-islamic-water-ministers-conference-to-saudi-arabia/) - Egypt on Wednesday formally handed over the chairmanship of the 5th Islamic Conference of Ministers Responsible for Water in the Organization of Islamic Cooperation (OIC) Member States to Saudi Arabia, during a high-level session held in Jeddah with the participation of water ministers from the OIC member states. The session announced the formation of the
- [Inaugural EU-Egypt summit focuses on investment, Gaza and migration](https://www.dailynewsegypt.com/2025/10/22/inaugural-eu-egypt-summit-focuses-on-investment-gaza-and-migration/) - The European Union and Egypt held their first-ever bilateral summit in Brussels on Wednesday, pledging to deepen their strategic partnership as the EU announced a new €75m aid package and promised to boost investment in the North African country. The summit, attended by Egyptian President Abdel Fattah Al-Sisi, European Council President António Costa, and European
- [Beit Logistics invests EGP 500m to develop Safaga Integrated Logistics Center](https://www.dailynewsegypt.com/2025/10/22/beit-logistics-invests-egp-500m-to-develop-safaga-integrated-logistics-center/) - Beit Logistics has signed a land-use agreement with the Golden Triangle Economic Zone Authority to establish an Integrated Logistics Center in Safaga, with total investments exceeding EGP 500m for the project’s first phase. The new facility will be developed on 15 feddans (around 65,000 sqm) and is designed to serve as a comprehensive logistics hub,
- [Cairo Metro's Line 4 project with Japan gets cabinet green light](https://www.dailynewsegypt.com/2025/10/22/cairo-metros-line-4-project-with-japan-gets-cabinet-green-light/) - Egypt's cabinet has approved a presidential decree concerning the exchange of letters between the Egyptian and Japanese governments for the implementation of the first phase of the Greater Cairo Metro's Line 4 project, the cabinet said in a statement. The first phase of the new line will extend 19 kilometres from Hadayek Al-Ashgar station to
- [Egypt records 18 new oil, gas discoveries since July; 13 integrated into production map: Petroleum Minister](https://www.dailynewsegypt.com/2025/10/22/egypt-records-18-new-oil-gas-discoveries-since-july-13-integrated-into-production-map-petroleum-minister/) - Minister of Petroleum and Mineral Resources Karim Badawi announced that Egypt’s petroleum sector has achieved 18 new oil and gas discoveries since July, with 13 already integrated into the national production map. These new wells collectively produce around 14,000 barrels per day of crude oil and condensates, in addition to 44 million cubic feet per
- [Egypt’s non-oil exports jump 21% to $36.6bn in 9M 2025: El-Khatib](https://www.dailynewsegypt.com/2025/10/22/egypts-non-oil-exports-jump-21-to-36-6bn-in-9m-2025-el-khatib/) - Minister of Investment and Foreign Trade Hassan El-Khatib reviewed the latest report issued by the General Organization for Export and Import Control (GOEIC) on Egypt’s foreign trade performance from January to September 2025, revealing a 21% growth in non-oil exports to $36.639bn — up from $30.360bn during the same period in 2024, an increase of
- [SCZONE chief explores cooperation with Japanese companies in key industrial sectors](https://www.dailynewsegypt.com/2025/10/22/sczone-chief-explores-cooperation-with-japanese-companies-in-key-industrial-sectors/) - Walid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), concluded his promotional tour in Tokyo with a series of high-level meetings with major Japanese corporations operating in heavy industries, food production, synthetic fibres, and infrastructure. The discussions focused on attracting new Japanese investments and deepening industrial and technological partnerships
- [Pakistan, Afghanistan ceasefire holds as focus shifts to Istanbul talks](https://www.dailynewsegypt.com/2025/10/22/pakistan-afghanistan-ceasefire-holds-as-focus-shifts-to-istanbul-talks/) - A fragile calm has begun to return to the border regions between Pakistan and Afghanistan following days of deadly clashes that killed dozens in the worst violence between the two South Asian nations since the Taliban seized power in Kabul in 2021. Pakistani Defence Minister Khawaja Muhammad Asif said on Monday that the ceasefire agreement
- [Defying US tariffs, China's industrial heartland shows resilience](https://www.dailynewsegypt.com/2025/10/22/defying-us-tariffs-chinas-industrial-heartland-shows-resilience/) - In the bustling wholesale markets of Yiwu, a city at the heart of China's manufacturing prowess, there are few signs that American tariffs are succeeding in crippling the country's industrial might. Instead, factories continue to thrive, suggesting an economic resilience that may exceed Washington's expectations. This manufacturing strength serves as a crucial trump card for
- [Americana Restaurants Egypt Unifies Education Initiatives Under “Education for All = Food for All”](https://www.dailynewsegypt.com/2025/10/15/americana-restaurants-egypt-unifies-education-initiatives-under-education-for-all-food-for-all/) - Americana Restaurants Egypt has launched “Education for All = Food for All”, a unified initiative that consolidates all the company’s education and youth empowerment programs, reinforcing its long-term commitment to investing in people and education. The initiative expands Americana’s partnerships with the Ministry of Education, public universities, and Misr El Kheir Foundation, supporting thousands of
- [Egypt, France agree to boost humanitarian aid, rebuild Gaza’s health sector](https://www.dailynewsegypt.com/2025/10/21/egypt-france-agree-to-boost-humanitarian-aid-rebuild-gazas-health-sector/) - Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, met with French Ambassador to Cairo Eric Chevallier on Tuesday to coordinate humanitarian and medical aid for Palestinians in Gaza and to discuss plans for rebuilding the enclave’s health sector, the Health Ministry said in a statement. The meeting took place as the Rafah border crossing
- [Egypt's Finance Minister calls for new mechanisms for sustainable debt management](https://www.dailynewsegypt.com/2025/10/21/egypts-finance-minister-calls-for-new-mechanisms-for-sustainable-debt-management/) - Egyptian Finance Minister Ahmed Kouchouk has called for the creation of new mechanisms for sustainable debt management in low and middle-income countries and the reform of the global financial structure to turn debt into opportunities for investment and development. Speaking at a roundtable on finance and debt during an UNCTAD conference in Geneva, Kouchouk said
- [Egypt, Qatar discuss Gaza aid, bilateral cooperation](https://www.dailynewsegypt.com/2025/10/21/egypt-qatar-discuss-gaza-aid-bilateral-cooperation/) - Egyptian Prime Minister Mostafa Madbouly met on Tuesday with Mariam bint Ali bin Nasser Al-Misnad, Qatar’s Minister of State for International Cooperation at the Ministry of Foreign Affairs, to discuss strengthening bilateral relations and coordinating humanitarian aid to the Gaza Strip, the Egyptian Cabinet said in a statement. The meeting, held at the government headquarters
- [Fragile ceasefire in Gaza: Egypt’s intelligence chief visits Israel to advance peace process](https://www.dailynewsegypt.com/2025/10/21/fragile-ceasefire-in-gaza-egypts-intelligence-chief-visits-israel-to-advance-peace-process/) - Egypt’s intelligence chief General Hassan Rashad travelled to Israel on Tuesday for talks with Prime Minister Benjamin Netanyahu on efforts to stabilise the fragile ceasefire in Gaza and advance US-backed proposals to end the conflict, amid ongoing humanitarian challenges and renewed diplomatic momentum. According to a statement from Netanyahu’s office, the discussions focused on ways
- [El-Shimy, UAE Ambassador discuss strengthening industrial, investment cooperation](https://www.dailynewsegypt.com/2025/10/21/el-shimy-uae-ambassador-discuss-strengthening-industrial-investment-cooperation/) - Egypt’s Minister of Public Enterprises Sector Mohamed El-Shimy met with Hamad Obaid Al Zaabi, the newly appointed UAE Ambassador to Egypt, to discuss ways to enhance bilateral cooperation, particularly in the industrial and investment sectors. Both sides underscored the importance of deepening economic ties to achieve the shared goals of comprehensive and sustainable development that
- [Egypt ramps up preparations for Grand Egyptian Museum opening](https://www.dailynewsegypt.com/2025/10/21/egypt-ramps-up-preparations-for-grand-egyptian-museum-opening/) - Prime Minister Mostafa Madbouly chaired the ninth meeting of the Governors’ Council on Tuesday to discuss key national priorities, including preparations for the Grand Egyptian Museum’s opening, the upcoming parliamentary elections, and measures to stabilize markets and improve public services across Egypt’s governorates. At the outset, Madbouly reviewed the intensive preparations by all ministries and
- [Opinion | The World at a Crossroads: Power Shifts, Digital Hegemony, and the End of Linear Politics](https://www.dailynewsegypt.com/2025/10/21/opinion-the-world-at-a-crossroads-power-shifts-digital-hegemony-and-the-end-of-linear-politics/) - At the dawn of 2025, the world appears as a space where powers intersect rather than merely collide. Geography alone no longer defines the balance of influence; technology, economy, and knowledge now weave the threads of new hegemonic maps. We are entering a stage where ideology retreats and interests advance—where software overtakes tanks, and diplomacy
- [Opinion | Spain: A Distinct Voice in the Mediterranean Dialogue](https://www.dailynewsegypt.com/2025/10/21/opinion-spain-a-distinct-voice-in-the-mediterranean-dialogue/) - Amid the accelerating global transformations reshaping the international landscape, Spain has emerged as a distinct voice — one that refuses silence in the face of the humanitarian tragedy in Gaza and insists on preserving a space for conscience within the calculus of political realism. At a time when major capitals have chosen to remain confined
- [Egypt's Al-Sisi in Brussels for first-ever EU-Egypt summit](https://www.dailynewsegypt.com/2025/10/21/egypts-al-sisi-in-brussels-for-first-ever-eu-egypt-summit/) - Egyptian President Abdel Fattah Al-Sisi arrived in Brussels on Tuesday for the first-ever EU-Egypt summit, a landmark meeting aimed at deepening the strategic and comprehensive partnership between the two sides. The summit, to be held on Wednesday, 22 October, is seen as the culmination of a process that officially began with the launch of the
- [Egypt's SCZONE head meets with Toyota Tsusho, Tokyo officials on Japan tour](https://www.dailynewsegypt.com/2025/10/21/egypts-sczone-head-meets-with-toyota-tsusho-tokyo-officials-on-japan-tour/) - The head of Egypt's Suez Canal Economic Zone (SCZONE) has begun a promotional tour in Tokyo to attract new investments in industry, clean energy, and logistics, meeting with major Japanese companies and government officials. Waleid Gamal El-Dien, chairperson of the SCZONE General Authority, held a meeting with the Techno Park Division of Japan's Toyota Tsusho
- [AOI overhauls, repairs nitrogen fertilizer plant turbines for first time in Egypt](https://www.dailynewsegypt.com/2025/10/21/aoi-overhauls-repairs-nitrogen-fertilizer-plant-turbines-for-first-time-in-egypt/) - As one of Egypt’s key industrial institutions, the Arab Organization for Industrialization (AOI) has achieved a new milestone by successfully overhauling and repairing turbines of nitrogen fertilizer plants for the first time in Egypt. The achievement reflects AOI’s growing capacity to localize advanced industrial maintenance and enhance self-reliance across strategic production sectors. AOI Chairperson Mokhtar
- [Egypt implements 60% of 300 investment climate reforms: El-Khatib](https://www.dailynewsegypt.com/2025/10/21/egypt-implements-60-of-300-investment-climate-reforms-el-khatib/) - Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, announced that the government has implemented around 60% of 300 reform measures designed to improve the country’s investment climate. He also revealed the creation of a comprehensive database containing more than 380,000 records, regularly updated to monitor performance and boost the efficiency of investor services. Speaking
- [Russia backs Egypt’s mediation efforts in Gaza, announces global media initiative from Cairo](https://www.dailynewsegypt.com/2025/10/21/russia-backs-egypts-mediation-efforts-in-gaza-announces-global-media-initiative-from-cairo/) - Russia has reaffirmed its support for Egypt’s ongoing mediation efforts to achieve a ceasefire in Gaza while announcing a landmark initiative to establish a cross-border media center that will connect African and Asian nations, a move reflecting Moscow’s growing interest in strengthening its partnerships across the Global South. The announcement was made by Sergey Bajinov,
- [Egyptian junior and ladies' golf open to be held in New Giza, offers EGP 1m in prizes](https://www.dailynewsegypt.com/2025/10/21/egyptian-junior-and-ladies-golf-open-to-be-held-in-new-giza-offers-egp-1m-in-prizes/) - The tournament will be held at the New Giza Golf Club from Oct. 23 to 25, a move the federation said is part of its strategy to promote the sport in Egypt.
- [Evergrow signs offtake deal with Fertigo to supply 60,000 tonnes of potassium sulfate annually from 2026](https://www.dailynewsegypt.com/2025/10/20/evergrow-signs-offtake-deal-with-fertigo-to-supply-60000-tonnes-of-potassium-sulfate-annually-from-2026/) - Evergrow Group for Speciality Fertilizers has signed an offtake agreement with Abu Dhabi–based Fertigo for Fertilizers and Chemicals to supply 60,000 tonnes per year of water-soluble potassium sulfate starting 1 January 2026. Under the agreement, the entire production of this new quantity will be sold exclusively through Fertigo, which specialises in the trade of fertilizers
- [Bridging lab, clinic to build Egypt’s brain-health future: Mohamed Salama](https://www.dailynewsegypt.com/2025/10/20/bridging-lab-clinic-to-build-egypts-brain-health-future-mohamed-salama/) - As global research centres race to unravel the mysteries of brain disorders, Professor Mohamed Salama stands out as one of Egypt’s and the Arab world’s foremost scientific voices working to bridge the gap between the laboratory and the clinic. Balancing his roles as a professor at the Institute of Global Health and Human Ecology (IGHHE)
- [Decision Makers Conference concludes with key proposals to boost Egypt’s tourism, real estate integration](https://www.dailynewsegypt.com/2025/10/20/decision-makers-conference-concludes-with-key-proposals-to-boost-egypts-tourism-real-estate-integration/) - The seventh edition of the Decision Makers Conference concluded under the theme “Towards an Integrated Vision between the Tourism and Real Estate Sectors to Support the Egyptian Economy.” Held under the auspices of the Ministry of Housing, Utilities, and Urban Communities, the Ministry of Tourism and Antiquities, and the Egyptian Tourism Promotion Authority, the conference
- [Health Minister reviews readiness of Minya for rollout of universal health insurance](https://www.dailynewsegypt.com/2025/10/20/health-minister-reviews-readiness-of-minya-for-rollout-of-universal-health-insurance/) - Minister of Health and Population and Deputy Prime Minister Khaled Abdel Ghaffar chaired a regular meeting of the Coordinating Committee for the Universal Health Insurance System to review implementation progress across governorates and assess the readiness of Minya ahead of its inclusion in the scheme’s second phase, the ministry said in a statement on Monday.
- [SCZONE attracts $65m in new Chinese textile investments in Sokhna Industrial Zone](https://www.dailynewsegypt.com/2025/10/20/sczone-attracts-65m-in-new-chinese-textile-investments-in-sokhna-industrial-zone/) - Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), has witnessed the signing of four new contracts between Elsewedy Industrial Development and four leading Chinese textile companies to establish new factories within Sokhna 360 Industrial City, developed by Elsewedy and located in the SCZONE’s Sokhna Industrial Area. The total investment value of these
- [Egypt, South Korea leaders discuss strengthening investments, promoting regional peace](https://www.dailynewsegypt.com/2025/10/20/egypt-south-korea-leaders-discuss-strengthening-investments-promoting-regional-peace/) - Egyptian President Abdel Fattah Al-Sisi received a phone call on Monday from South Korean President Lee Jae-myung to mark the 30th anniversary of diplomatic relations between the two countries and discuss ways to deepen bilateral cooperation, the Egyptian presidency said in a statement. Presidential spokesperson Mohamed El-Shenawy said President Lee thanked Al-Sisi for hosting his
- [Israel accused of 80 ceasefire violations in Gaza since October 10](https://www.dailynewsegypt.com/2025/10/20/israel-accused-of-80-ceasefire-violations-in-gaza-since-october-10/) - The Government Media Office in Gaza accused the Israeli army of committing 80 documented violations of the ceasefire agreement since it took effect on October 10, resulting in the deaths of 97 Palestinians and injuries to 230 others, including women and children. In a statement on Monday, the office said that 21 of those violations
- [GAFI leads first investment promotion mission to Indonesia](https://www.dailynewsegypt.com/2025/10/20/gafi-leads-first-investment-promotion-mission-to-indonesia/) - As part of Egypt’s efforts to diversify sources of foreign investment, particularly from East Asian economies, Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), led the Authority’s first-ever investment promotion mission to the Republic of Indonesia on behalf of the Minister of Investment and Foreign Trade. The visit marks GAFI’s
- [Egypt, Boeing discuss expanding aviation partnership, investment cooperation](https://www.dailynewsegypt.com/2025/10/20/egypt-boeing-discuss-expanding-aviation-partnership-investment-cooperation/) - Minister of Investment and Foreign Trade Hassan El-Khatib has met with senior executives from Boeing at the Egyptian Embassy in Washington, D.C., on the sidelines of the annual meetings of the International Monetary Fund (IMF) and the World Bank Group, to discuss strengthening strategic cooperation between Egypt and Boeing in the aviation and air transport
- [SCZONE, Chinese delegation discuss expanding cooperation in ports, logistics](https://www.dailynewsegypt.com/2025/10/20/sczone-chinese-delegation-discuss-expanding-cooperation-in-ports-logistics/) - The Suez Canal Economic Zone (SCZONE) has received a Chinese delegation led by Xu Qing, representative of the Mayor of Shanghai, at the Authority’s headquarters in Port Said. The meeting was attended by Mohamed Ahmed Mahmoud, SCZONE Vice Chairperson, along with several senior officials from the Authority’s northern sector. The visit aimed to enhance bilateral
- [Egypt to establish logistics zone at Damietta Port to accelerate cargo handling](https://www.dailynewsegypt.com/2025/10/20/egypt-to-establish-logistics-zone-at-damietta-port-to-accelerate-cargo-handling/) - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir announced that work is underway to establish a logistics zone at Damietta Port aimed at expediting cargo handling and customs clearance, thereby facilitating exporters. Al-Wazir underscored the importance of utilising the international transport services provided by the Ro-Ro line (Damietta–Trieste), which
- [Egypt discusses troop deployment to Somalia with foreign minister](https://www.dailynewsegypt.com/2025/10/20/egypt-discusses-troop-deployment-to-somalia-with-foreign-minister/) - Egyptian Foreign Minister Badr Abdelatty met with his Somali counterpart Abdusalam Abdi Ali on Monday to discuss strengthening their strategic partnership, including the deployment of Egyptian troops to the African Union's support and stability mission in Somalia (AUSSOM), the Egyptian foreign ministry said. The meeting took place on the sidelines of the fifth Aswan Forum
- [Egypt's fintech firm Money Fellows hits $1.5bn in transactions](https://www.dailynewsegypt.com/2025/10/20/egypts-fintech-firm-money-fellows-hits-1-5bn-in-transactions/) - Egyptian fintech company Money Fellows announced it has exceeded 8 million users and surpassed $1.5bn in total transaction value since its launch, as it digitises traditional rotating savings circles. The company, which has completed over 2 million rotating savings groups through its application, has also achieved profitability, founder and CEO Ahmed Wadi said. Money Fellows
- [GROHE's GIVE programme graduates first class of 45 plumbers in Egypt](https://www.dailynewsegypt.com/2025/10/20/grohes-give-programme-graduates-first-class-of-45-plumbers-in-egypt/) - Global bathroom and kitchen solutions brand GROHE has celebrated the first graduating class of its vocational training programme in Cairo, which has equipped 45 young Egyptians with professional plumbing and sanitary work skills. The GROHE Installer Vocational Training and Education (GIVE) Program, launched in Egypt in 2023, aims to address the shortage of qualified professionals
- [Egypt’s ECS, Tunisian Industry Union discuss boosting trade, investment ties](https://www.dailynewsegypt.com/2025/10/20/egypts-ecs-tunisian-industry-union-discuss-boosting-trade-investment-ties/) - The Egyptian Commercial Service (ECS) held a meeting on Monday at the headquarters of the Tunisian Union of Industry, Commerce, and Handicrafts (UTICA) to explore ways to deepen trade and economic cooperation between Egypt and Tunisia. The meeting brought together representatives from both countries to discuss mechanisms for enhancing bilateral trade, promoting joint investments, and
- [Egypt, Eroğlu Group discuss textile investment, partnership opportunities](https://www.dailynewsegypt.com/2025/10/20/egypt-eroglu-group-discuss-textile-investment-partnership-opportunities/) - Minister of Public Enterprises Sector Mohamed El-Shimy met with Chairperson of Eroğlu Group Nurettin Eroğlu and his accompanying delegation at the ministry’s headquarters in the New Administrative Capital to explore potential cooperation between the group and the Cotton, Spinning, Weaving & Garments Holding Company. Discussions focused on partnership opportunities in managing and operating several newly
- [TIME Hotels targets over 2,000 rooms in Egypt within three years as part of global expansion](https://www.dailynewsegypt.com/2025/10/19/time-hotels-targets-over-2000-rooms-in-egypt-within-three-years-as-part-of-global-expansion/) - TIME Hotels Management has announced an ambitious expansion strategy with a strong focus on the Egyptian hospitality market, aiming to manage more than 2,000 hotel rooms in Egypt within the next three years. The plan is part of the company's broader regional and international growth drive, according to Mohamed Awadalla, CEO of TIME Hotels. Speaking
- [Egypt, WHO sign cooperation strategy to strengthen health system through 2028](https://www.dailynewsegypt.com/2025/10/19/egypt-who-sign-cooperation-strategy-to-strengthen-health-system-through-2028/) - Egypt’s Deputy Prime Minister and Minister of Health, Khaled Abdel Ghaffar, on Sunday witnessed the signing of a new Country Cooperation Strategy (CCS) between Egypt and the World Health Organization (WHO) for 2024–2028, outlining a roadmap to enhance public health and strengthen the national healthcare system. According to a Health Ministry statement, the strategy aims
- [Egypt launches project to upgrade export environment, streamline port procedures](https://www.dailynewsegypt.com/2025/10/19/egypt-launches-project-to-upgrade-export-environment-streamline-port-procedures/) - Finance Minister Ahmed Kouchouk and Minister of Investment and Foreign Trade Hassan El-Khatib have announced the launch of a new project to modernise the work environment for export procedures at Egyptian ports. The initiative involves establishing advanced inspection and screening units at export yards to boost logistics efficiency. These units will be environmentally friendly and
- [Al-Sisi: Cairo to host Gaza reconstruction conference in November](https://www.dailynewsegypt.com/2025/10/19/al-sisi-cairo-to-host-gaza-reconstruction-conference-in-november/) - President Abdel Fattah Al-Sisi announced on Sunday that Egypt will host an international conference on Gaza reconstruction in November 2025, following two years of Egyptian mediation to end the war, facilitate humanitarian aid, and secure the release of hostages. He said these efforts have culminated in a ceasefire agreement, adding that he had thanked US
- [Tensions rise in Gaza as Israel violates ceasefire agreement](https://www.dailynewsegypt.com/2025/10/19/tensions-rise-in-gaza-as-israel-violates-ceasefire-agreement/) - Tensions flared in the Gaza Strip on Sunday as Israel and Hamas traded accusations of violating the ceasefire agreement, while the Health Ministry in Gaza reported that the death toll from the war — now entering its second year — has surpassed 68,000. In a statement, the ministry said that 18 people were killed in
- [PFI Asset Management launches first sponsored mutual fund 'PFI Cashi'](https://www.dailynewsegypt.com/2025/10/19/pfi-asset-management-launches-first-sponsored-mutual-fund-pfi-cashi/) - PFI Asset Management has announced the launch of its first sponsored mutual fund, the PFI Money Market Fund “PFI Cashi," marking a key milestone in the company's growth and diversification strategy. The new fund brings the total number of funds under the firm’s management to four. This includes the Housing and Development Bank (HDB) Money
- [EHA, Arab Hospitals Federation discuss cooperation on AI, sustainable healthcare](https://www.dailynewsegypt.com/2025/10/19/eha-arab-hospitals-federation-discuss-cooperation-on-ai-sustainable-healthcare/) - Chairperson of the Egypt Healthcare Authority (EHA), Ahmed El-Sobky, met with Fadi Allam, President of the Arab Hospitals Federation (AHF), and an accompanying high-level delegation to explore avenues of cooperation in artificial intelligence, cybersecurity, human capital development, and sustainable healthcare management. El-Sobky said that the partnership between the Authority and AHF reflects the spirit of
- [CBE attributes inflation slowdown to easing food prices for fourth consecutive month](https://www.dailynewsegypt.com/2025/10/19/cbe-attributes-inflation-slowdown-to-easing-food-prices-for-fourth-consecutive-month/) - Egypt's annual urban headline inflation declined to 11.7% in September 2025, down from 12% in August, marking the fourth consecutive month of moderation, according to the Central Bank of Egypt (CBE). This deceleration was primarily driven by a sharp slowdown in annual food inflation, which dropped to 1.4% in September—its lowest level since April 2021.
- [At Aswan Forum, Egypt's FM urges reform of UN Security Council, finance bodies](https://www.dailynewsegypt.com/2025/10/19/at-aswan-forum-egypts-fm-urges-reform-of-un-security-council-finance-bodies/) - Egyptian Foreign Minister Badr Abdelatty on Sunday called for the reform of international institutions, including the UN Security Council and global financial bodies, and an end to the policy of double standards in order to restore trust in the rules-based international system. Speaking at the opening session of the Aswan Forum for Sustainable Peace and
- [Egyptian insurtech SehaTech raises $1.1m in seed funding](https://www.dailynewsegypt.com/2025/10/19/egyptian-insurtech-sehatech-raises-1-1m-in-seed-funding/) - Egyptian insurtech company SehaTech has raised $1.1m in a seed funding round to expand its AI-centred platform that streamlines and automates health insurance administration, the company announced on Sunday. The round was led by Ingressive Capital, with participation from Plus VC, a group of strategic angel investors, and existing backers A15 and Beltone Venture Capital.
- [Swiss investments in Egypt reach $4.9bn: GAFI deputy chief](https://www.dailynewsegypt.com/2025/10/19/swiss-investments-in-egypt-reach-4-9bn-gafi-deputy-chief/) - Yasser Abbas, Deputy Chairperson of the General Authority for Investment and Free Zones (GAFI), reviewed Egypt’s recent investment reforms, highlighting the country’s progress in infrastructure development—including energy, highways, and technological networks—alongside sector-specific incentives and streamlined procedures for investors. Abbas noted that these reforms have propelled Egypt to ninth place globally in UNCTAD’s 2024 ranking of
- [Egypt’s Al-Mashat calls for greater Global South voice in finance](https://www.dailynewsegypt.com/2025/10/19/egypts-al-mashat-calls-for-greater-global-south-voice-in-finance/) - Egyptian Minister of Planning and International Cooperation Rania Al-Mashat has called for a greater voice for the Global South in the governance of international financial institutions and for a shift from short-term crisis response to long-term structural reforms that enhance sustainable development. Speaking at a G30 panel discussion on the "Emerging Global Architecture" in Washington,
- [PM Madbouly chairs meeting on public-private partnerships in tourism](https://www.dailynewsegypt.com/2025/10/19/pm-madbouly-chairs-meeting-on-public-private-partnerships-in-tourism/) - Egyptian Prime Minister Mostafa Madbouly on Sunday reviewed investment opportunities in the country's tourism and construction sectors with the aim of increasing private sector partnerships to develop state-owned assets. During a meeting with Minister of Public Enterprise, Mohamed Shimy, and the chairman of the Holding Company for Tourism and Hotels, Madbouly stressed the need for
- [Gulf investors turn to Egypt’s real estate market as strategic gateway for growth](https://www.dailynewsegypt.com/2025/10/19/gulf-investors-turn-to-egypts-real-estate-market-as-strategic-gateway-for-growth/) - Gulf and foreign investors are increasingly setting their sights on Egypt’s real estate sector, drawn by its scale, growth potential, and strategic value, according to Abdelrahman Khalil, a business consultant specializing in regional investment trends. “Egypt offers one of the largest and most dynamic real estate markets in the Middle East, driven by strong population
- [Egypt offers land in US dollars to attract foreign investment, boost currency reserves](https://www.dailynewsegypt.com/2025/10/19/egypt-offers-land-in-us-dollars-to-attract-foreign-investment-boost-currency-reserves/) - Egypt’s Cabinet has approved a new policy to allocate land plots priced in US dollars for both foreign investors and Egyptians abroad, aiming to attract hard currency and strengthen the country’s investment climate. The initiative is part of a broader government strategy to increase dollar-based investments and bolster foreign exchange reserves, with a particular focus
- [Squares Developments launches EGP 15 bn Sage Lakes Residence in New Capital’s R8 District](https://www.dailynewsegypt.com/2025/10/19/squares-developments-launches-egp-15-bn-sage-lakes-residence-in-new-capitals-r8-district/) - Squares Developments has officially launched its third and latest real estate project, Sage Lakes Residence, in the R8 district of Egypt’s New Administrative Capital (NAC), with total investments reaching EGP 15 bn. During a press conference, Talaat Gorgous, Chairperson of Squares Developments, emphasized the strategic significance of the NAC, noting that its modern infrastructure, advanced
- [Egypt's FM joins Sahel region roundtable at Aswan Forum](https://www.dailynewsegypt.com/2025/10/19/egypts-fm-joins-sahel-region-roundtable-at-aswan-forum/) - Egyptian Foreign Minister Badr Abdelatty on Sunday participated in a roundtable discussion on the Sahel region, where he stressed the need for a comprehensive approach to combating terrorism that includes developmental and ideological dimensions. The meeting, held on the sidelines of the Aswan Forum for Sustainable Peace and Development, was attended by the foreign ministers
- [African leaders gather in Aswan to navigate global shifts and continental progress](https://www.dailynewsegypt.com/2025/10/19/african-leaders-gather-in-aswan-to-navigate-global-shifts-and-continental-progress/) - Leaders from across Africa and beyond are gathering in the Egyptian city of Aswan for the fifth edition of the Aswan Forum for Sustainable Peace and Development, with a focus on navigating the continent's progress amid a challenging global landscape. The two-day forum, held from 19-20 October under the theme "A World in Flux, A
- [Egypt's Public Enterprise Minister discusses tourism projects with TMG](https://www.dailynewsegypt.com/2025/10/19/egypts-public-enterprise-minister-discusses-tourism-projects-with-tmg/) - Egypt's Minister of Public Enterprise, Mohamed Shimy, has met with Hisham Talaat Moustafa, CEO of Talaat Moustafa Group Holding (TMG), to discuss enhancing cooperation in major tourism and hotel projects, the ministry said. The meeting focused on ongoing hotel projects, future expansion opportunities, and ways to strengthen the partnership between the state-owned Holding Company for
- [Egypt successfully hosts Egyptian Amateur Open golf championship with 19-nation turnout](https://www.dailynewsegypt.com/2025/10/19/egypt-successfully-hosts-egyptian-amateur-open-golf-championship-with-19-nation-turnout/) - Qatari prodigy Daniel Sokolov, 14, was crowned champion, becoming the youngest player in the Egyptian Amateur Open history to lift the trophy.
- [Egypt’s Emdad, Saudi Arabia’s EMC launch joint industrial partnership](https://www.dailynewsegypt.com/2025/10/18/egypts-emdad-saudi-arabias-emc-launch-joint-industrial-partnership/) - During the Third Saudi International Iron and Steel Conference 2025, Emdad Industries—the industrial arm of Egypt’s El Tholathia Group—announced the signing of a strategic partnership with Saudi Arabia’s EMC Company to channel joint investments in the fields of industry and advanced manufacturing. The partnership includes the establishment of two integrated industrial complexes: one in Egypt’s
- [Egypt seeks to strengthen economic, trade, and investment relations with Greece: Finance Minister](https://www.dailynewsegypt.com/2025/10/18/egypt-seeks-to-strengthen-economic-trade-and-investment-relations-with-greece-finance-minister/) - Egypt’s Minister of Finance, Ahmed Kouchouk, affirmed the country’s commitment to strengthening bilateral cooperation with Greece, focusing on the exchange of expertise and policy dialogue in fiscal management, tax and customs system development, and joint investment promotion. Speaking during his meeting with Greek Finance Minister Kyriakos Pierrakakis on the sidelines of the IMF and World
- [Health ministers adopt ‘Cairo Call to Action’ to tackle breast cancer across Eastern Mediterranean](https://www.dailynewsegypt.com/2025/10/18/health-ministers-adopt-cairo-call-to-action-to-tackle-breast-cancer-across-eastern-mediterranean/) - Health ministers from across the Eastern Mediterranean Region on Tuesday formally adopted the Cairo Call to Action on Breast Cancer during the 72nd session of the World Health Organization’s Regional Committee for the Eastern Mediterranean (WHO EMRO), marking a landmark regional commitment to enhance prevention, early detection, and treatment of breast cancer. The adoption was
- [Egypt, IFC discuss expanding private sector financing, advancing State Ownership Policy Document](https://www.dailynewsegypt.com/2025/10/18/egypt-ifc-discuss-expanding-private-sector-financing-advancing-state-ownership-policy-document/) - Investment and Foreign Trade Minister Hassan El-Khatib and Planning, Economic Development and International Cooperation Minister Rania Al-Mashat held a joint meeting with Makhtar Diop, Managing Director of the International Finance Corporation (IFC), a member of the World Bank Group, on the sidelines of the IMF and World Bank Annual Meetings in Washington, D.C. The meeting
- [We look forward to expanding US investments in Egyptian economy: Kouchouk](https://www.dailynewsegypt.com/2025/10/18/we-look-forward-to-expanding-us-investments-in-egyptian-economy-kouchouk/) - Finance Minister Ahmed Kouchouk affirmed Egypt’s commitment to strengthening the participation and investments of American companies in the Egyptian economy amid improving macroeconomic indicators. Speaking at a meeting with the American Chamber of Commerce on the sidelines of the IMF and World Bank Annual Meetings in Washington, D.C., Kouchouk said Egypt’s economy is growing steadily
- [Israeli violations persist in Gaza amid international moves to monitor ceasefire](https://www.dailynewsegypt.com/2025/10/18/israeli-violations-persist-in-gaza-amid-international-moves-to-monitor-ceasefire/) - The Gaza-based Palestinian Center for Human Rights (PCHR) has documented 129 incidents of shelling and gunfire by Israeli forces since the Gaza ceasefire came into effect on Monday, resulting in the deaths of 34 Palestinians and injuries to 122 others. In a statement, the centre said the deadliest attack occurred on Friday evening, when an
- [Malaysian PM congratulates Egypt's Al-Sisi on Gaza peace deal](https://www.dailynewsegypt.com/2025/10/18/malaysian-pm-congratulates-egypts-al-sisi-on-gaza-peace-deal/) - Malaysian Prime Minister Anwar Ibrahim on Saturday congratulated Egyptian President Abdel Fattah Al-Sisi on the successful efforts to secure a Gaza peace agreement, the Egyptian presidency said. In a phone call, Anwar expressed Malaysia's appreciation for the "historic achievement" and praised Egypt's "brilliant success" in organising and hosting the Sharm El-Sheikh Peace Summit. He affirmed
- [Egypt, Maersk discuss cooperation in green energy, shipping, and Gaza reconstruction](https://www.dailynewsegypt.com/2025/10/18/egypt-maersk-discuss-cooperation-in-green-energy-shipping-and-gaza-reconstruction/) - Egyptian President Abdel Fattah Al-Sisi met on Saturday with Robert Mærsk Uggla, Chairperson of Denmark’s A.P. Moller–Maersk Group, to discuss expanding cooperation in maritime transport, logistics, and green energy projects, the presidency said in a statement. The meeting was attended by Prime Minister Mostafa Madbouly, Suez Canal Authority Chairperson Osama Rabie, and Hani El-Nadi, Maersk’s
- [HDB conducts cyberattack simulation in collaboration with Google Mandiant](https://www.dailynewsegypt.com/2025/10/18/hdb-conducts-cyberattack-simulation-in-collaboration-with-google-mandiant/) - The Housing and Development Bank (HDB) has conducted a tabletop exercise simulating a cyberattack, in collaboration with Google Mandiant, a global leader in cybersecurity and incident response. The exercise aimed to assess the efficiency and effectiveness of the bank’s cybersecurity incident response plans and the readiness of its teams to handle potential digital threats. Through
- [Suez Canal Bank signs EGP 30m credit facility with Oliv](https://www.dailynewsegypt.com/2025/10/18/suez-canal-bank-signs-egp-30m-credit-facility-with-oliv/) - Suez Canal Bank and Oliv have announced the signing of a credit facility agreement worth EGP 30m to finance small and medium-sized enterprises (SMEs). Oliv is the first Egyptian company licensed by the Financial Regulatory Authority (FRA) to provide digital factoring services dedicated to SME financing. The agreement comes as part of Suez Canal Bank’s
- [NBE inaugurates first branch in Saudi Arabia](https://www.dailynewsegypt.com/2025/10/18/nbe-inaugurates-first-branch-in-saudi-arabia/) - The National Bank of Egypt (NBE) has announced the inauguration of its first branch in Saudi Arabia, following the Saudi Central Bank’s approval for the bank to commence operations through its new branch in Riyadh. Mohamed El-Etreby, Chairperson of NBE, said the opening of the Riyadh branch represents a key milestone in the bank’s strategy
- [Credit facilities for top 100 borrowers reach EGP 1.4trn in March 2025: CBE](https://www.dailynewsegypt.com/2025/10/18/credit-facilities-for-top-100-borrowers-reach-egp-1-4trn-in-march-2025-cbe/) - The Central Bank of Egypt (CBE) reported that outstanding credit facilities extended to the top 100 corporate borrowers across the public and private sectors reached EGP 1.4trn in March 2025, reflecting a growth rate of 27.7%, compared to 41.8% in March 2024. According to the CBE, six key sectors accounted for 74% of total outstanding
- [CBE’s net foreign assets exceed $11bn in September 2025](https://www.dailynewsegypt.com/2025/10/18/cbes-net-foreign-assets-exceed-11bn-in-september-2025/) - The Central Bank of Egypt (CBE) announced that its net foreign assets (NFAs) rose to $11.048bn — equivalent to EGP 529.6bn — in September 2025, up from $10.629bn (EGP 517.3bn) in August. Net foreign assets at the CBE are a key indicator of monetary stability and the resilience of the banking system, reflecting the difference
- [Banks, companies inject EGP 92.3bn under mortgage finance initiative for low, middle-income citizens in September 2025](https://www.dailynewsegypt.com/2025/10/18/banks-companies-inject-egp-92-3bn-under-mortgage-finance-initiative-for-low-middle-income-citizens-in-september-2025/) - The Social Housing and Mortgage Finance Fund (SHMFF) announced that banks and mortgage finance companies participating in the state-backed initiative for low- and middle-income citizens had extended a total of EGP 92.3bn in financing to 656,906 beneficiaries in September 2025. According to the SHMFF’s latest report, banks provided around EGP 86.009bn to 626,407 low-income clients, representing
- [Pakistan launches 'precision strikes' on Afghan border militants after suicide attack](https://www.dailynewsegypt.com/2025/10/18/pakistan-launches-precision-strikes-on-afghan-border-militants-after-suicide-attack/) - Pakistan said on Saturday it had conducted "preemptive precision strikes" against militant camps along its border with Afghanistan, killing dozens of fighters, after a suicide attack killed seven of its soldiers during a fragile ceasefire. The Pakistani government said the strikes thwarted multiple planned attacks and were a response to the activities of militant groups,
- [Trump urges Ukraine conflict freeze, dashes Zelenskyy's hopes for advanced arms](https://www.dailynewsegypt.com/2025/10/18/trump-urges-ukraine-conflict-freeze-dashes-zelenskyys-hopes-for-advanced-arms/) - US President Donald Trump has proposed that Russia and Ukraine freeze their conflict along the current frontline, warning that a failure to do so could mean the war "may never be resolved." Following a meeting with Ukrainian President Volodymyr Zelenskyy at the White House on Friday, Trump urged both sides to "make a deal." However,
- [CIB's Hisham Ezz Al-Arab wins Global Finance lifetime achievement award](https://www.dailynewsegypt.com/2025/10/18/cibs-hisham-ezz-al-arab-wins-global-finance-lifetime-achievement-award/) - Global Finance magazine has recognised Hisham Ezz Al-Arab, Chief Executive Officer and a board member of Egypt’sCommercial International Bank (CIB), with its Lifetime Achievement Award, the publication's highest individual honour. “Hisham Ezz Al-Arab’s visionary leadership has had a transformational impact on Egypt’s banking sector, and has elevated CIB into a globally recognized institution and the
- [Egypt's Al-Mashat discusses MIGA portfolio, second EU assistance tranche with officials](https://www.dailynewsegypt.com/2025/10/18/egypts-al-mashat-discusses-miga-portfolio-second-eu-assistance-tranche-with-officials/) - Egyptian Planning and International Cooperation Minister Rania Al-Mashat has held meetings with officials from the World Bank's investment guarantee agency and the European Commission to discuss expanding private sector guarantees and preparations for an upcoming Egypt-EU summit, the ministry said. The meetings took place on the sidelines of the World Bank Group's Annual Meetings in
- [Al-Sisi reviews Cairo Airport’s new terminal project designed to handle 30 million passengers annually](https://www.dailynewsegypt.com/2025/10/18/al-sisi-reviews-cairo-airports-new-terminal-project-designed-to-handle-30-million-passengers-annually/) - Egyptian President Abdel Fattah Al-Sisi on Saturday reviewed progress on the construction of the new passenger terminal “Terminal 4” at Cairo International Airport — one of Egypt’s flagship infrastructure projects aimed at upgrading aviation services and expanding airport capacity, the presidency said in a statement. The meeting was attended by Prime Minister Mostafa Madbouly, Minister
- [Pakistan says preemptive strikes thwarted planned militant attacks from Afghanistan](https://www.dailynewsegypt.com/2025/10/18/pakistan-says-preemptive-strikes-thwarted-planned-militant-attacks-from-afghanistan/) - Pakistan and Afghanistan on Wednesday announced a ceasefire following days of the deadliest clashes in years that killed dozens of people on both sides
- [Egyptian Amateur Open golf tournament relaunches after 15-year hiatus](https://www.dailynewsegypt.com/2025/10/16/egyptian-amateur-open-golf-tournament-relaunches-after-15-year-hiatus/) - Head of the Egyptian Golf Federation Omar Hisham Talaat said the 2025 Egyptian Amateur Open tournament represents a new start for golf in Egypt
- [Egypt explores cooperation with Chinese firms to advance robotic surgery](https://www.dailynewsegypt.com/2025/10/15/egypt-explores-cooperation-with-chinese-firms-to-advance-robotic-surgery/) - Egypt’s Ministry of Health announced on Wednesday that Deputy Prime Minister and Minister of Health Khaled Abdel Ghaffar met with representatives of Chinese medical technology companies TechnoWave and Medbot to discuss potential cooperation in developing robotic surgery in Egypt. According to ministry spokesperson Hossam Abdel Ghaffar, the meeting — held at the ministry’s headquarters in
- [Fragile Gaza ceasefire tested as humanitarian crisis deepens](https://www.dailynewsegypt.com/2025/10/15/fragile-gaza-ceasefire-tested-as-humanitarian-crisis-deepens/) - Israeli occupation forces have committed multiple violations of the ceasefire agreement in the Gaza Strip, resulting in further civilian casualties, as concerns mount over famine risks and the continued closure of the Rafah crossing amid international efforts to preserve the fragile truce, a Palestinian rights group reported on Wednesday. The Gaza-based Palestinian Centre for Human
- [Egypt presents 'new economic narrative' focused on real economy at G-24 meeting](https://www.dailynewsegypt.com/2025/10/15/egypt-presents-new-economic-narrative-focused-on-real-economy-at-g-24-meeting/) - Egypt has outlined its new economic reform programme, "Egypt's Narrative for Economic Development," which focuses on the real economy and empowering the private sector, its planning minister said during the IMF and World Bank annual meetings in Washington. In a statement at the Intergovernmental Group of Twenty-Four (G-24) Ministerial Meetings, Minister of Planning Rania Al-Mashat
- [Egypt to provide EGP 90bn in financing facilities for key sectors at interest rates below 15% this fiscal year](https://www.dailynewsegypt.com/2025/10/15/egypt-to-provide-egp-90bn-in-financing-facilities-for-key-sectors-at-interest-rates-below-15-this-fiscal-year/) - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir, together with Minister of Finance Ahmed Kouchouk, announced the continuation of the government’s initiative to support industrial, agricultural, and renewable energy sectors, aimed at encouraging the private sector to expand investment, boost production, and sustain economic growth. Under the initiative, a
- [MSMEDA injects EGP 4.9bn to finance 128,290 small, micro projects in border governorates over 11 years](https://www.dailynewsegypt.com/2025/10/15/msmeda-injects-egp-4-9bn-to-finance-128290-small-micro-projects-in-border-governorates-over-11-years/) - Bassil Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that between July 2014 and August 2025, the agency has allocated around EGP 4.9bn to finance 128,290 small and micro projects in Egypt’s border governorates, creating approximately 228,597 job opportunities. He added that an additional EGP 232.6m was directed to community
- [Avrio Gold to launch new jewellery, bullion factory in early 2026](https://www.dailynewsegypt.com/2025/10/15/avrio-gold-to-launch-new-jewellery-bullion-factory-in-early-2026/) - Avrio Gold, a company specialising in gold trading and jewellery manufacturing, is preparing to open a new factory for producing gold jewellery and bullion on a 1,000-square-metre site in one of Egypt’s industrial zones at the beginning of 2026, according to Emad Saad, Chairperson of the company. Saad revealed that Avrio Gold also plans to
- [CBE, China’s National Financial Regulatory sign MoU to strengthen joint cooperation](https://www.dailynewsegypt.com/2025/10/15/cbe-chinas-national-financial-regulatory-sign-mou-to-strengthen-joint-cooperation/) - In light of the historic ties between Egypt and China, Tarek El-Kholy, Deputy Governor of the Central Bank of Egypt (CBE), received Fu Wanjun, Vice Minister of the China National Financial Regulatory Administration (NFRA), and his accompanying delegation at the CBE headquarters during their official visit to Egypt. The discussions focused on enhancing bilateral cooperation
- [AUC makes history as 1st global host of IMMAA 2025](https://www.dailynewsegypt.com/2025/10/15/auc-makes-history-as-1st-global-host-of-immaa-2025/) - The American University in Cairo (AUC) will host the International Media Management Academic Association Conference (IMMAA 2025), marking the first time the event will be held outside its traditional venues. The conference is scheduled for Oct. 18-19, 2025, under the theme: "Leading Innovation and Creativity for a Sustainable Media Ecosystem." After a highly competitive international
- [Contact Financial, e& Money Partner to Launch AI-Driven Digital Finance Platform in Egypt](https://www.dailynewsegypt.com/2025/10/15/contact-financial-e-money-partner-to-launch-ai-driven-digital-finance-platform-in-egypt/) - Contact Financial Holding has announced a first-of-its-kind strategic alliance with e& money, marking a major milestone in Egypt’s fintech sector. The partnership aims to enhance the consumer finance experience through artificial intelligence and integrated digital solutions that bring Contact’s financing services directly into the My e& and e& money mobile applications. The agreement was unveiled
- [Investment Minister holds talks with DLA Piper, global investors eyeing Egypt’s market](https://www.dailynewsegypt.com/2025/10/15/investment-minister-holds-talks-with-dla-piper-global-investors-eyeing-egypts-market/) - Minister of Investment and Foreign Trade Hassan El-Khatib held a meeting with representatives of global law firm DLA Piper in Washington, D.C., followed by a roundtable discussion with a number of the firm’s partners and leading international investors currently operating in, or seeking to expand into, Egypt. The meetings aimed to present Egypt’s ongoing investment
- [Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival](https://www.dailynewsegypt.com/2025/10/15/al-ismaelia-launches-award-winning-tamarahaus-in-downtown-cairo-revival/) - Real estate developer Al Ismaelia has launched TamaraHaus, a restored early 20th-century Neo-Renaissance landmark in Downtown Cairo that has been reimagined as a new hub for culture, design, and hospitality. The project, operated by Alchemy Experience, was recently awarded the 2025 Best Practices in Architectural and Urban Heritage Preservation Award, one of Egypt’s highest recognitions
- [Synergy Capital’s MFIC, Nawy Now announce oversubscription of Egypt’s first Ijarah-backed mortgage fund](https://www.dailynewsegypt.com/2025/10/15/synergy-capitals-mfic-nawy-now-announce-oversubscription-of-egypts-first-ijarah-backed-mortgage-fund/) - Synergy Capital, through its asset management arm Misr for Financial Investments Company (MFIC), in partnership with Nawy Now, announced the successful oversubscription and early close of the Misr for Financial Investments – First Issuance Fund, which raised EGP 443m within just 10 days of its launch. Nawy Now, a subsidiary of Nawy and licensed by
- [ETA, Alexandria Businessmen’s Association sign protocol to boost partnership, streamline procedures](https://www.dailynewsegypt.com/2025/10/15/eta-alexandria-businessmens-association-sign-protocol-to-boost-partnership-streamline-procedures/) - The Egyptian Tax Authority (ETA) has signed a cooperation protocol with the Alexandria Businessmen’s Association, in line with directives from the Minister of Finance to enhance engagement with the business community across Egypt’s governorates, simplify tax procedures, and reinforce public–private partnership. Rasha Abdel Aal, Head of the Egyptian Tax Authority, said the meeting with the
- [VS-FILM is free space to discover new generation of creators: Ziad Basemir](https://www.dailynewsegypt.com/2025/10/15/vs-film-is-free-space-to-discover-new-generation-of-creators-ziad-basemir/) - Since its debut, the Very Short Film Festival (VS-FILM) has established itself as one of the most distinctive cinematic events in the Arab world — thanks to its bold vision of embracing the very short film as a platform for experimentation and talent discovery. Now in its second edition, the festival continues to position itself
- [Egypt, Jordan launch Arab ministerial council on water, agriculture in Cairo](https://www.dailynewsegypt.com/2025/10/15/egypt-jordan-launch-arab-ministerial-council-on-water-agriculture-in-cairo/) - Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, and Jordan’s Minister of Water and Irrigation, Raed Abu Al-Saud, who also chairs the Arab Ministerial Council for Water, jointly inaugurated the Third Joint Ministerial Council of Arab Ministers of Water and Agriculture on Wednesday, held as part of the 8th Cairo Water Week. The opening
- [Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks](https://www.dailynewsegypt.com/2025/10/15/al-sisi-burhan-discuss-efforts-to-end-sudan-war-address-nile-dam-dispute-in-cairo-talks/) - Egyptian President Abdel Fattah Al-Sisi met on Wednesday with Abdel Fattah Al-Burhan, Chairperson of Sudan’s Sovereign Council, at the Ittihadiya Palace in Cairo to discuss efforts to end the conflict in Sudan and strengthen bilateral cooperation, the Egyptian presidency said in a statement. Presidential spokesperson Mohamed El-Shennawy said President Al-Sisi welcomed Burhan’s visit, lauding the
- [KONE: Revolutionizing Vertical Journeys in Egypt's Smart Urban Era](https://www.dailynewsegypt.com/2025/10/15/kone-revolutionizing-vertical-journeys-in-egypts-smart-urban-era/) - KONE, the global leader in the elevator and escalator industry, is at the forefront of shaping the future of urban mobility. As cities rise and evolve, KONE is driving a transformation that goes beyond height; it's about how people move, connect, and experience the spaces around them. With decades of innovation and expertise, KONE has
- [Egypt to drill 480 new exploration wells worth $5.7bn over five years: Petroleum Minister](https://www.dailynewsegypt.com/2025/10/14/egypt-to-drill-480-new-exploration-wells-worth-5-7bn-over-five-years-petroleum-minister/) - Petroleum and Mineral Resources Minister Karim Badawy has unveiled Egypt’s new five-year plan for oil and gas exploration, which envisions drilling around 480 new exploration wells with total investments exceeding $5.7bn. According to the plan, 101 wells will be drilled in 2026, distributed across major production regions — 67 in the Western Desert, nine in
- [Egypt calls for fair climate finance, placing water at heart of global investment](https://www.dailynewsegypt.com/2025/10/14/egypt-calls-for-fair-climate-finance-placing-water-at-heart-of-global-investment/) - Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, has called on the international community to place the water sector at the centre of global climate finance strategies, stressing that investing in water is synonymous with investing in climate adaptation, food security, public health, and disaster risk reduction. Speaking at a session titled “The Arab
- [Madbouly urges completion of Egypt-Saudi power link's second phase by April 2026](https://www.dailynewsegypt.com/2025/10/14/madbouly-urges-completion-of-egypt-saudi-power-links-second-phase-by-april-2026/) - Egyptian Prime Minister Mostafa Madbouly on Tuesday urged that the second phase of the Egypt-Saudi Arabia electricity interconnection project be completed so that both phases are ready for operation by April 2026. His comments came during a field visit to inspect the testing and trial operation phases of a giant converter station in Badr city,
- [Gaza’s fragile ceasefire tested as aid, reconstruction struggle to gain ground](https://www.dailynewsegypt.com/2025/10/14/gazas-fragile-ceasefire-tested-as-aid-reconstruction-struggle-to-gain-ground/) - As the Gaza ceasefire entered its second week, renewed violence and logistical hurdles continued to undermine hopes for a stable recovery. Despite a lull in large-scale hostilities, scenes of devastation and deepening humanitarian crisis still define daily life in the enclave, where aid efforts and reconstruction remain constrained and fragile. In Gaza City’s Shuja’iyya neighborhood,
- [Egypt launches first national beverage carton recycling campaign with global partners](https://www.dailynewsegypt.com/2025/10/14/egypt-launches-first-national-beverage-carton-recycling-campaign-with-global-partners/) - Egypt’s Ministry of Environment, under the patronage of Manal Awad, Minister of Local Development and Acting Minister of Environment, has launched the nation’s first-ever campaign to recycle used beverage cartons (UBC), in collaboration with the Waste Management Regulatory Authority (WMRA) and leading international and local companies. Under the slogan “Turn the Carton, Earn the Turn,”
- [Egyptian youth entrepreneur transforms fish waste into marine collagen](https://www.dailynewsegypt.com/2025/10/14/egyptian-youth-entrepreneur-transforms-fish-waste-into-marine-collagen/) - At just 25, Egyptian entrepreneur Ahlam Fathy is leading a new wave of green innovation by transforming fish waste into valuable marine collagen — turning an environmental challenge into an economic opportunity. Fathy, a graduate in Fisheries and Marine Resources Science from Kafr El-Sheikh University, grew up in the Nile Delta town of Foua, where
- [FATF recognises Egypt’s experience as model for advancing financial inclusion within AML/CFT frameworks](https://www.dailynewsegypt.com/2025/10/14/fatf-recognises-egypts-experience-as-model-for-advancing-financial-inclusion-within-aml-cft-frameworks/) - The Financial Action Task Force (FATF) has recognised Egypt’s pioneering experience—led by the Central Bank of Egypt (CBE)—as an international best practice in promoting financial inclusion while ensuring compliance with anti-money laundering and counter-terrorist financing (AML/CFT) standards. Egypt’s experience was featured in FATF’s updated “Guidance on Financial Inclusion and Anti-Money Laundering and Terrorist Financing Measures,”
- [Egypt's human rights committee reviews national strategy, UNHRC membership bid](https://www.dailynewsegypt.com/2025/10/14/egypts-human-rights-committee-reviews-national-strategy-unhrc-membership-bid/) - Egyptian Foreign Minister Badr Abdelatty on Tuesday chaired the fifth ministerial meeting of the Supreme Standing Committee for Human Rights, where he reviewed the country's national human rights strategy and its bid for membership on the UN Human Rights Council (UNHRC). Abdelatty, who heads the committee, praised the efforts of all member entities in finalising
- [Egypt's Al-Mashat expects 2026 to be 'turning point' for economy after Gaza deal](https://www.dailynewsegypt.com/2025/10/14/egypts-al-mashat-expects-2026-to-be-turning-point-for-economy-after-gaza-deal/) - Egypt's Minister of Planning and International Cooperation said she expects 2026 to be a "turning point" for the country's economy, with a peace deal in Gaza set to restore normal navigation in the Suez Canal and boost revenues alongside growth in industry and tourism. Speaking in an interview with Bloomberg after the Sharm El-Sheikh peace
- [ECS, Jiangsu Council discuss expanding Chinese industrial investments in Egypt](https://www.dailynewsegypt.com/2025/10/14/ecs-jiangsu-council-discuss-expanding-chinese-industrial-investments-in-egypt/) - The Egyptian Commercial Service’s (ECS) Investment Promotion and Asia Affairs Department has received a high-level delegation from China’s Jiangsu Provincial Council to explore new investment opportunities and deepen economic and trade cooperation with Egypt. The meeting comes amid growing momentum in Egyptian–Chinese relations across multiple fields. Both sides underscored the importance of enhancing bilateral cooperation,
- [Egypt, Mauritania discuss strengthening agricultural cooperation](https://www.dailynewsegypt.com/2025/10/14/egypt-mauritania-discuss-strengthening-agricultural-cooperation/) - Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk, has held talks with Mauritania’s Minister of Agriculture and Food Sovereignty, Sidi Ahmed Ould Abouh, to explore ways to enhance bilateral cooperation in agriculture and promote sustainable development and food security. The Tuesday meeting was attended by Sherif El-Gebaly, Chairperson of the African Affairs Committee in
- [Government to disburse funding to investors completing 90% of factory construction](https://www.dailynewsegypt.com/2025/10/14/government-to-disburse-funding-to-investors-completing-90-of-factory-construction/) - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir announced that the government will begin disbursing funding under the Initiative to Support Priority Industrial Sectors to investors who have completed 90% of factory construction, as part of efforts to accelerate the operationalisation of new industrial projects and enhance sector competitiveness.
- [Al-Wazir unveils facilitation package, new deadlines for stalled industrial projects](https://www.dailynewsegypt.com/2025/10/14/al-wazir-unveils-facilitation-package-new-deadlines-for-stalled-industrial-projects/) - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir has announced a comprehensive package of deadlines and facilitation measures to support stalled industrial projects that have exceeded their implementation timelines. The decision, which will remain in effect until 30 April 2026, authorises the Industrial Development Authority (IDA) to implement a
- [Opinion | Who Guarantees Trump’s Gaza Deal?](https://www.dailynewsegypt.com/2025/10/14/opinion-who-guarantees-trumps-gaza-deal/) - Since the announcement of the Gaza ceasefire agreement, signed under the direct auspices of U.S. President Donald Trump, one question has dominated all others: Who is the real guarantor of this deal’s implementation? It is a question that cannot be ignored, for the fate of war and peace in the region no longer rests on
- [Opinion | The Compulsion of Optimism](https://www.dailynewsegypt.com/2025/10/14/opinion-the-compulsion-of-optimism/) - Have we become trapped in a cycle of compulsory optimism as our available alternatives continue to shrink? The Sharm El-Sheikh Summit stands as a pivotal moment in the history of the Middle East, redefining political and economic paradigms that have been overtaken by events since 7 October 2023. U.S. President Donald Trump signed the Peace
- [Egypt to host FAO's Regional Leadership Academy for agri-food systems](https://www.dailynewsegypt.com/2025/10/14/egypt-to-host-faos-regional-leadership-academy-for-agri-food-systems/) - Egypt and the U.N. Food and Agriculture Organisation (FAO) have signed a letter of intent for Egypt to host the FAO's Regional Leadership Academy, a centre aimed at training leaders and decision-makers in transforming agri-food systems. The signing took place between Egypt's Minister of Planning and International Cooperation, Rania Al-Mashat, and FAO Director-General Qu Dongyu
- [Boehringer Ingelheim Launches Metalyse® 25 mg in Egypt Following Approval by the Egyptian Drug Authority](https://www.dailynewsegypt.com/2025/10/14/boehringer-ingelheim-launches-metalyse-25-mg-in-egypt-following-approval-by-the-egyptian-drug-authority/) - Boehringer Ingelheim, a leading research-driven biopharmaceutical company, has announced the introduction of Metalyse® 25 mg (Tenecteplase) in Egypt as a treatment for acute ischemic stroke (AIS), following its recent approval by the Egyptian Drug Authority. Egypt is the second country across the IMETA (India, Middle East, Turkey, and Africa) region to launch this new treatment,
- [HSBC named Best Cash Management Provider in Egypt by Euromoney](https://www.dailynewsegypt.com/2025/10/14/hsbc-named-best-cash-management-provider-in-egypt-by-euromoney/) - HSBC Egypt has been voted as the number one Best Cash Management Provider in Egypt in the 2025 Euromoney Cash Management Survey. As another vote of trust, the bank secured the first position overall and in every sub-category, including product, technology and service. Moreover, HSBC has been named as the #1 Cash Management bank globally
- [Sharm El-Sheikh Summit delivers: Trump, Al-Sisi oversee crucial Gaza accord as world leaders converge](https://www.dailynewsegypt.com/2025/10/13/sharm-el-sheikh-summit-delivers-trump-al-sisi-oversee-crucial-gaza-accord-as-world-leaders-converge/) - Sharm El-Sheikh – In a pivotal moment for regional stability, the United States, Egypt, Qatar, and Turkey formally endorsed a Gaza ceasefire agreement Monday, as world leaders converged in the Egyptian resort city of Sharm El-Sheikh. The "Sharm El-Sheikh Peace Summit," co-hosted by Egyptian President Abdel Fattah Al-Sisi and US President Donald Trump, gathered over
- [Trump hails Al-Sisi key role at Gaza peace summit, Egypt President says Trump 'only one capable of bringing peace’](https://www.dailynewsegypt.com/2025/10/13/trump-hails-al-sisi-key-role-at-gaza-peace-summit-egypt-president-says-trump-only-one-capable-of-bringing-peace/) - US President Donald Trump on Monday praised Egyptian President Abdel Fattah Al-Sisi's "very important role" in securing a Gaza peace deal, while Al-Sisi in turn told the US leader he was the "only one capable of bringing about peace" in the Middle East. The exchange took place during a joint appearance on Monday before the
- [Egypt pledges to lead reconstruction of Palestine’s water sector](https://www.dailynewsegypt.com/2025/10/13/egypt-pledges-to-lead-reconstruction-of-palestines-water-sector/) - Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, pledged that Egypt will take the lead in rebuilding Palestine’s devastated water sector, describing the situation—particularly in Gaza—as a catastrophic humanitarian crisis. Speaking at a session titled “Enhancing Resilience through Strategic Investments in Palestine’s Water Sector” during the Eighth Cairo Water Week, Sewilam said that water
- [Turkish president holds sideline meetings with world leaders at Egypt summit](https://www.dailynewsegypt.com/2025/10/13/turkish-president-holds-sideline-meetings-with-world-leaders-at-egypt-summit/) - Turkish President Recep Tayyip Erdogan held a series of bilateral meetings with world leaders on Sunday on the sidelines of the Sharm El-Sheikh Peace Summit, discussing the Gaza situation and the importance of a two-state solution. Erdogan arrived at Sharm El-Sheikh International Airport and was greeted at the summit venue by Egyptian President Abdel Fattah
- [France to play 'key role' in Gaza aid, reconstruction, Macron says](https://www.dailynewsegypt.com/2025/10/13/france-to-play-key-role-in-gaza-aid-reconstruction-macron-says/) - French President Emmanuel Macron on Monday pledged that France would play a "key role" in humanitarian efforts and the reconstruction of Gaza, and thanked the countries that mediated the new ceasefire deal, during an international peace summit in the Egyptian resort city of Sharm el-Sheikh. Upon his arrival, Macron voiced his gratitude to negotiators from
- [Banking alliance grants EGP 7bn loan to Sky Innovo Developments for Park St. Edition project](https://www.dailynewsegypt.com/2025/10/13/banking-alliance-grants-egp-7bn-loan-to-sky-innovo-developments-for-park-st-edition-project/) - A consortium of leading banks has concluded a long-term syndicated loan agreement worth EGP 7bn in favour of Sky Innovo Developments to finance part of the investment cost of the Park St. Edition project in New Cairo’s Golden Square. The total investment value of the project amounts to approximately EGP 16.05bn, with a maximum loan
- [Egypt, Jordan open 38th Islamic Network on Water Resources Management during Cairo Water Week](https://www.dailynewsegypt.com/2025/10/13/egypt-jordan-open-38th-islamic-network-on-water-resources-management-during-cairo-water-week/) - Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, and Jordan’s Minister of Water and Irrigation, Raed Abu Saud, inaugurated on Monday the 38th meeting of the Islamic Network on Water Resources Development and Management (INWRDAM), held on the sidelines of the 8th Cairo Water Week (CWW). During the session, a cooperation protocol was signed
- [BP signs agreement to drill five new gas wells in Mediterranean within its Egypt concessions](https://www.dailynewsegypt.com/2025/10/13/bp-signs-agreement-to-drill-five-new-gas-wells-in-mediterranean-within-its-egypt-concessions/) - Minister of Petroleum and Mineral Resources Karim Badawy witnessed the signing of a new drilling contract marking the launch of BP’s upcoming offshore gas exploration programme in Egypt. The agreement covers the drilling of five natural gas wells in BP’s Mediterranean concessions, at depths ranging between 300 and 1,500 metres. Operations will be carried out
- [Finance Ministry announces exceptional tourism investment opportunities in Assiut](https://www.dailynewsegypt.com/2025/10/13/finance-ministry-announces-exceptional-tourism-investment-opportunities-in-assiut/) - The Ministry of Finance announced that it will soon launch the second package of investment opportunities in the city of Assiut, offering prime sites designed to attract sustainable tourism and urban development projects. According to a statement issued on Monday, the new offering includes a distinguished location directly overlooking the River Nile—an unprecedented opportunity to
- [S&P Global Ratings upgrade signals renewed confidence in Egypt’s economy: CBE Governor](https://www.dailynewsegypt.com/2025/10/13/sp-global-ratings-upgrade-signals-renewed-confidence-in-egypts-economy-cbe-governor/) - Governor of the Central Bank of Egypt (CBE) Hassan Abdalla welcomed S&P Global Ratings’ decision to upgrade Egypt’s sovereign credit rating, describing it as a clear reflection of growing international confidence in the national economy. He attributed the move to the success of recent monetary and structural reforms implemented by the government and the CBE.
- [Egypt’s retail sales to exceed $149.7bn in 2025, driven by expanding supply: Savills](https://www.dailynewsegypt.com/2025/10/13/egypts-retail-sales-to-exceed-149-7bn-in-2025-driven-by-expanding-supply-savills/) - Egypt’s retail market is poised for a significant upswing, with total sales projected to surpass $149.7bn in 2025 and climb to $201.4bn by 2030, according to Savills’ latest report, citing Oxford Economics data. The growth reflects the resilience of domestic consumption and the continued expansion of both international and local retail brands. Savills noted that
- [CBE, MCIT launch ‘AI for FinTech’ Hackathon under FinTech Egypt initiative](https://www.dailynewsegypt.com/2025/10/13/cbe-mcit-launch-ai-for-fintech-hackathon-under-fintech-egypt-initiative/) - As part of the Memorandum of Understanding (MoU) signed between the Central Bank of Egypt (CBE) and the Ministry of Communications and Information Technology (MCIT) to strengthen youth skills under the “Digital Egypt Builders Initiative” (DEBI), the “AI for FinTech” Hackathon has been launched under the umbrella of FinTech Egypt, an initiative of the CBE.
- [Egypt seeks to attract Turkish investments in textile, clothing accessories industries](https://www.dailynewsegypt.com/2025/10/13/egypt-seeks-to-attract-turkish-investments-in-textile-clothing-accessories-industries/) - As part of its ongoing efforts to deepen industrial cooperation with Türkiye, the Egyptian Commercial Service (ECS) office in Istanbul has intensified its investment promotion activities targeting the ready-made garments and textile sectors, along with their supporting industries. The initiative aims to strengthen Egypt’s industrial ecosystem and localise key auxiliary manufacturing to boost export capacity
- [Al-Sisi, Meloni discuss strengthening Egypt–Italy relations, supporting Gaza ceasefire efforts](https://www.dailynewsegypt.com/2025/10/13/al-sisi-meloni-discuss-strengthening-egypt-italy-relations-supporting-gaza-ceasefire-efforts/) - Egyptian President Abdel Fattah Al-Sisi met on Monday with Italian Prime Minister Giorgia Meloni on the sidelines of the Sharm El-Sheikh Peace Summit, in the presence of Foreign Minister Badr Abdelaty and General Intelligence Service Hassan Rashad, according to a presidential statement. Presidential Spokesperson Mohamed El-Shennawy said the talks focused on advancing bilateral relations, with
- [Trump praises Al-Sisi's 'important role' at Gaza peace summit](https://www.dailynewsegypt.com/2025/10/13/trump-praises-al-sisis-important-role-at-gaza-peace-summit/) - US President Donald Trump on Monday praised Egyptian President Abdel Fattah Al-Sisi's "very important role" in securing a Gaza peace deal, while Al-Sisi in turn told the US leader he was the "only one capable of bringing about peace" in the Middle East. The exchange took place during a joint appearance on Monday before the
- [Al-Sisi, world leaders meet in Sharm El-Sheikh to coordinate Gaza ceasefire implementation](https://www.dailynewsegypt.com/2025/10/13/al-sisi-world-leaders-meet-in-sharm-el-sheikh-to-coordinate-gaza-ceasefire-implementation/) - Egyptian President Abdel Fattah Al-Sisi on Monday participated in a high-level meeting on the sidelines of the Sharm El-Sheikh Peace Summit, bringing together Jordan’s King Abdullah II, the leaders of France and Turkey, Qatar’s Emir, Germany’s Chancellor, the prime ministers of Italy, the United Kingdom, and Canada, as well as Saudi Arabia’s foreign minister, according
- [Al-Sisi, Merz discuss Gaza ceasefire, ways to deepen Egypt–Germany relations](https://www.dailynewsegypt.com/2025/10/13/al-sisi-merz-discuss-gaza-ceasefire-ways-to-deepen-egypt-germany-relations/) - Egyptian President Abdel Fattah Al-Sisi met on Monday with German Chancellor Friedrich Merz on the sidelines of the Sharm El-Sheikh Peace Summit, in the presence of Foreign Minister Badr Abdelatty and General Intelligence Service Hassan Rashad, according to a presidential statement. Presidential Spokesperson Mohamed El-Shenawy said Chancellor Merz began the meeting by expressing his gratitude
- [LG Defines the Future of Smart Living: From Korea to the Middle East, and the Vision of the "Zero-Labor Home"](https://www.dailynewsegypt.com/2025/10/13/lg-defines-the-future-of-smart-living-from-korea-to-the-middle-east-and-the-vision-of-the-zero-labor-home/) - As part of its 2025 media tour across the Middle East and Africa, LG Electronics showcased its latest smart home innovations, blending cutting-edge AI technologies with eco-friendly design. From Seoul to Cairo, Dubai, and Riyadh, the company reaffirmed its vision for smart, sustainable living—where artificial intelligence becomes a true partner in everyday life. In statements
- [L'Oréal Egypt's 10th summit draws over 800 experts, focuses on dermatology](https://www.dailynewsegypt.com/2025/10/13/loreal-egypts-10th-summit-draws-over-800-experts-focuses-on-dermatology/) - L’Oréal Egypt, a leading force in beauty, science, and innovation, launched the 10th edition of its pioneering “Skin & Hair Summit 2025.” The annual summit has become a flagship platform for scientific dialogue and knowledge exchange, bringing together top dermatologists, trichologists, and industry experts to explore the latest innovations, research, and advancements shaping the future of
- [Egypt targets over 42% renewable energy by 2030 in strategy update](https://www.dailynewsegypt.com/2025/10/12/egypt-targets-over-42-renewable-energy-by-2030-in-strategy-update/) - Egypt aims to increase the share of renewable energy in its energy mix to over 42% by 2030, with a further goal of reaching 60% by 2040, according to recent updates to the country's energy strategy, Electricity Minister Mahmoud Essmat said. This came during a Monday meeting with Egyptian Prime Minister Mostafa Madbouly to review
- [Al-Sisi holds talks with US, Chinese energy giants on Egypt expansion plans](https://www.dailynewsegypt.com/2025/10/12/al-sisi-holds-talks-with-us-chinese-energy-giants-on-egypt-expansion-plans/) - Egyptian President Abdel Fattah Al-Sisi held separate meetings on Sunday with senior executives from US energy giants ExxonMobil and Apache Corporation, as well as China's state-owned chemical engineering firm CNCEC, to discuss boosting investment and exploration in the country's energy and petrochemical sectors, the presidency said. The meetings, which were also attended by Egyptian Prime
- [Hope, high stakes: Egypt hosts pivotal Gaza peace summit in Sharm El-Sheikh](https://www.dailynewsegypt.com/2025/10/12/hope-high-stakes-egypt-hosts-pivotal-gaza-peace-summit-in-sharm-el-sheikh/) - Leaders from more than 20 nations will gather on Monday in Egypt’s Red Sea resort city of Sharm El-Sheikh for a high-stakes summit aimed at forging a path toward a permanent end to the war in Gaza. The meeting comes after two years of devastating conflict that has left the enclave in ruins and the
- [Al-Sisi calls for legally binding Nile Dam agreement as Egypt opens 8th Cairo Water Week](https://www.dailynewsegypt.com/2025/10/12/al-sisi-calls-for-legally-binding-nile-dam-agreement-as-egypt-opens-8th-cairo-water-week/) - Egypt officially opened the eighth edition of Cairo Water Week on Sunday under the patronage of President Abdel Fattah Al-Sisi. The event, running through 16 October, brings together ministers, policymakers, and experts from around 50 countries to discuss innovative solutions for climate adaptation and water sustainability. In a recorded address at the opening session, President
- [Gold prices hold steady in Egypt despite stronger EGP: Metals Division](https://www.dailynewsegypt.com/2025/10/12/gold-prices-hold-steady-in-egypt-despite-stronger-egp-metals-division/) - Domestic gold prices in Egypt extended their upward trajectory for the eighth consecutive week, buoyed by a historic surge in global gold prices, which surpassed the $4,000 per ounce mark for the first time, according to Ehab Wassef, Chairperson of the Gold and Precious Metals Division at the Federation of Egyptian Industries. Wassef confirmed that
- [Mars inaugurates $280m expansion in 6th of October City](https://www.dailynewsegypt.com/2025/10/12/mars-inaugurates-280m-expansion-in-6th-of-october-city/) - Mars Wrigley has officially inaugurated a major expansion of its manufacturing facility in 6th of October City, with new production lines representing an investment of over $280m between 2023 and 2025. The ceremony was attended by Hassan El-Khatib, Minister of Investment and Foreign Trade, and Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister
- [E-invoicing, e-receipts essential for cost verification, VAT refunds: ETA chief](https://www.dailynewsegypt.com/2025/10/12/e-invoicing-e-receipts-essential-for-cost-verification-vat-refunds-eta-chief/) - Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), emphasized that full compliance with the electronic invoicing (e-invoice) and electronic receipt (e-receipt) systems has become essential for businesses operating in Egypt—not only to align with tax legislation but also to ensure operational stability and foster trust between taxpayers and their clients. Abdel Aal explained
- [Digital Crafts Consulting leads global initiative to boost power plant efficiency by 40%](https://www.dailynewsegypt.com/2025/10/12/digital-crafts-consulting-leads-global-initiative-to-boost-power-plant-efficiency-by-40/) - Digital Crafts Consulting (DC), a leading global consulting and outsourcing firm, is driving an ambitious international project to enhance power plant efficiency across Australia, Spain, and the United Kingdom. The initiative aims to increase operational efficiency by up to 40%, marking a significant advancement in sustainable energy transformation and global productivity. Ramy Ashour, CEO of
- [CBE Governor emphasizes ongoing coordination between monetary, fiscal policies](https://www.dailynewsegypt.com/2025/10/12/cbe-governor-emphasizes-ongoing-coordination-between-monetary-fiscal-policies/) - Hassan Abdallah, Governor of the Central Bank of Egypt (CBE), has reaffirmed the importance of sustained coordination between monetary and fiscal policies, describing it as essential for maintaining macroeconomic stability while supporting economic growth. He noted that this policy alignment remains a cornerstone in addressing the economic challenges arising from both regional and global uncertainties.
- [Al-Mashat meets Alstom VP to discuss boosting French company's Egypt investments](https://www.dailynewsegypt.com/2025/10/12/al-mashat-meets-alstom-vp-to-discuss-boosting-french-companys-egypt-investments/) - Egyptian Minister of Planning and International Cooperation Rania Al-Mashat has met with a senior executive from French multinational Alstom to discuss strengthening cooperation, increasing the company's investments in Egypt, and advancing efforts to localise industry. The meeting with Philippe Delleur, Alstom's Senior Vice President for International Affairs, took place during the Global Gateway Forum in
- [SODIC, MIDAR partner to develop EGP 110bn urban project in East Cairo](https://www.dailynewsegypt.com/2025/10/12/sodic-midar-partner-to-develop-egp-110bn-urban-project-in-east-cairo/) - Sixth of October Development and Investment Company (SODIC) has announced a strategic partnership with MIDAR for Investment and Urban Development to develop a large-scale integrated urban project covering 500 feddans within MADA City in Mostakbal City. The total investment for the project is estimated at EGP 110bn. During a press conference on Sunday, MIDAR’s CEO and
- [Egypt assumes ISO presidency for three years](https://www.dailynewsegypt.com/2025/10/12/egypt-assumes-iso-presidency-for-three-years/) - Egypt has officially taken on the presidency of the International Organization for Standardization (ISO), marking a historic achievement with Khaled Hassan Sofi, Chairperson of the Egyptian Organization for Standardization and Quality, becoming the first Arab and second African to hold this prestigious position since ISO’s establishment in 1947. Egypt secured the presidency with the backing
- [Egypt, Saudi Arabia discuss enhanced water cooperation on sidelines of Cairo Water Week](https://www.dailynewsegypt.com/2025/10/12/egypt-saudi-arabia-discuss-enhanced-water-cooperation-on-sidelines-of-cairo-water-week/) - On the sidelines of the eighth Cairo Water Week (CWW), Egypt’s Minister of Water Resources and Irrigation, Hani Sweilam, met with Mansour bin Hilal Al-Mushaiti, Saudi Deputy Minister of Environment, Water, and Agriculture, to discuss expanding bilateral cooperation in water resource management. Held from 12 to 16 October, the high-level meeting underscored the strength of Egypt–Saudi relations,
- [Water Minister calls for innovation, collaboration at Egypt–EU Investment Forum](https://www.dailynewsegypt.com/2025/10/12/water-minister-calls-for-innovation-collaboration-at-egypt-eu-investment-forum/) - During the Egypt–EU Investment Forum held as part of the eighth Cairo Water Week, Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, highlighted the critical role of innovation and collective action in advancing sustainable water management. He emphasized that investment in the water sector is a strategic commitment to sustainability, stability, and peace, underlining
- [Ministers of Egypt، Slovakia sign MoU on environmental protection، climate change](https://www.dailynewsegypt.com/2025/10/12/ministers-of-egypt،-slovakia-sign-mou-on-environmental-protection،-climate-change/) - Egypt and Slovakia on Sunday signed a Memorandum of Understanding (MoU) for technical cooperation in the fields of environmental protection and climate change, Egypt's environment ministry said. The MoU was signed by Manal Awad, Egypt's Minister of Local Development and acting Minister of Environment, and Tomáš Taraba, Slovakia's Minister of Environment, on the sidelines of
- [18 Egyptian developers showcase projects at Egypt Builders Real Estate Expo in Abu Dhabi](https://www.dailynewsegypt.com/2025/10/12/18-egyptian-developers-showcase-projects-at-egypt-builders-real-estate-expo-in-abu-dhabi/) - The Egypt Builders Real Estate Expo was officially inaugurated at the Radisson Blu Corniche Hotel in Abu Dhabi, with the participation of 18 leading Egyptian developers. The event, held from October 10 to 12, 2025, serves as a strategic platform to promote Egypt’s real estate sector to regional investors. The opening ceremony was led by
- [EONS Developments launches LifeWise project with EGP 10bn investment](https://www.dailynewsegypt.com/2025/10/12/eons-developments-launches-lifewise-project-with-egp-10bn-investment/) - EONS Developments has announced the launch of its latest mixed-use development, LifeWise, located in North Rehab in East Cairo. The project marks a significant step in the company’s expansion strategy, with total investments estimated at EGP 10bn. Sherif Taha, CEO of EONS Developments, stated that 50% of the project’s land is allocated for residential, social,
- [Zawaya Developments unveils SIA Mall in West Cairo](https://www.dailynewsegypt.com/2025/10/12/zawaya-developments-unveils-sia-mall-in-west-cairo/) - Zawaya Developments has officially launched its latest mixed-use project, SIA Mall, strategically located in 6th of October City, West Cairo. The development aligns with the company’s broader expansion strategy to meet the area’s growing demand for commercial and service-oriented spaces. Speaking at a press conference, Mohamed Raouf, Chairperson of Zawaya Developments, highlighted the mall’s integrated
- [Enwan Developments appoints Canadian operator Blue Ridge to manage Horizon Hospital in New Capital](https://www.dailynewsegypt.com/2025/10/12/enwan-developments-appoints-canadian-operator-blue-ridge-to-manage-horizon-hospital-in-new-capital/) - Enwan Developments has signed a cooperation agreement with Canadian healthcare operator Blue Ridge, a global specialist in managing and operating hospitals and medical centers, to oversee the management and operation of Horizon Hospital located within the Medical City at Egypt’s New Administrative Capital. Mohamed Salem, CEO of Enwan Developments, stated that the partnership marks a
- [National vision for real estate exports, tourism investment in Egypt takes shape as experts convene](https://www.dailynewsegypt.com/2025/10/12/national-vision-for-real-estate-exports-tourism-investment-in-egypt-takes-shape-as-experts-convene/) - In a pivotal move to bolster Egypt’s standing as a regional hub for real estate and tourism investment, a coalition of industry leaders, developers, and policymakers convened to chart a unified strategy for promoting property exports and attracting foreign investors. The roundtable, titled “Egypt’s Real Estate Exports: Challenges and Opportunities,” gathered a distinguished panel from
- [Egypt's Al-Sisi discusses soda ash project with China's CNCEC chairperson](https://www.dailynewsegypt.com/2025/10/12/egypts-al-sisi-discusses-soda-ash-project-with-chinas-cncec-chairperson/) - Egyptian President Abdel Fattah Al-Sisi on Sunday met with Mo Dingge, chairperson of the China National Chemical Engineering Group Corporation (CNCEC), to discuss the company's planned soda ash production project in Egypt. Sisi began the meeting by praising the strength of Egyptian-Chinese relations and affirmed Egypt's keenness to strengthen economic and investment cooperation with China
- [Egypt's Al-Sisi discusses Apache's expansion plans with CEO](https://www.dailynewsegypt.com/2025/10/12/egypts-al-sisi-discusses-apaches-expansion-plans-with-ceo/) - Egyptian President Abdel Fattah Al-Sisi on Sunday met with John Christmann, CEO of US oil and gas exploration company Apache Corporation, to discuss the company's activities and expansion plans in Egypt, the presidency said. Al-Sisi praised Apache's successes in Egypt over the past decades and lauded the company's plans to expand its operations in the
- [Egypt's Al-Sisi discusses ExxonMobil's Mediterranean exploration with VP](https://www.dailynewsegypt.com/2025/10/12/egypts-al-sisi-discusses-exxonmobils-mediterranean-exploration-with-vp/) - Egyptian President Abdel Fattah Al-Sisi on Sunday met with ExxonMobil's Vice President for Exploration, John Ardill, to discuss the company's exploration activities in the Mediterranean Sea and future cooperation, the presidency said. Al-Sisi affirmed that ExxonMobil is a strategic partner for Egypt in the energy sector and expressed his appreciation for the company's vital role.
- [Pakistan's PM to attend Sharm El-Sheikh peace summit on Gaza](https://www.dailynewsegypt.com/2025/10/12/pakistans-pm-to-attend-sharm-el-sheikh-peace-summit-on-gaza/) - The visit comes at the invitation of Egyptian President Abdel Fattah Al-Sisi and US President Donald Trump co-chairs of Sharm El-Sheikh Peace Summit
- [Al-Sisi, Cypriot president discuss Gaza ceasefire deal, bilateral cooperation](https://www.dailynewsegypt.com/2025/10/11/al-sisi-cypriot-president-discuss-gaza-ceasefire-deal-bilateral-cooperation/) - Egypt’s President Abdel Fattah Al-Sisi received a phone call on Saturday from Cypriot President Nikos Christodoulides to discuss recent developments in the Middle East, particularly the ceasefire agreement reached in Sharm El-Sheikh aimed at ending the war in the Gaza Strip, the Egyptian Presidency said in a statement. Presidential Spokesperson Mohamed El-Shenawy noted that President
- [Egyptian PhD researcher honoured in Rome for eco-friendly wastewater innovation](https://www.dailynewsegypt.com/2025/10/11/egyptian-phd-researcher-honoured-in-rome-for-eco-friendly-wastewater-innovation/) - Egyptian researcher Shimaa Farag, a PhD candidate at the American University in Cairo (AUC), has won the Giovani Talenti Dall’Africa (Young Talents from Africa) Prize for her pioneering research introducing an eco-friendly, enzyme-based strategy for wastewater treatment in Egypt. She received the award during the 17th Eni Award ceremony held at the Quirinal Palace in
- [CBE launches Banking Reform, Development Fund](https://www.dailynewsegypt.com/2025/10/11/cbe-launches-banking-reform-development-fund/) - As part of its ongoing efforts to advance Egypt’s banking sector in line with international best practices, the Central Bank of Egypt (CBE) has announced the launch of the Banking Reform and Development Fund, along with the formation of its Board of Directors (BoD) for a four-year term. The Board is chaired by Hassan Abdalla,
- [PM Madbouly inspects key development, service projects in Qalyubeya](https://www.dailynewsegypt.com/2025/10/11/pm-madbouly-inspects-key-development-service-projects-in-qalyubeya/) - Prime Minister Mostafa Madbouly conducted a field tour in Qalyubeya on Saturday to inspect a series of ongoing development and service projects across multiple sectors, including housing, education, health, and industry. Madbouly said this visit, his second to the governorate within a week, reflects the government’s firm commitment to closely monitor the implementation of projects
- [Displaced Palestinians return to Gaza as Egypt prepares for Sharm El-Sheikh Peace Summit](https://www.dailynewsegypt.com/2025/10/11/displaced-palestinians-return-to-gaza-as-egypt-prepares-for-sharm-el-sheikh-peace-summit/) - Hundreds of thousands of displaced Palestinians began returning to Gaza City and northern parts of the enclave on Saturday — the second day of a ceasefire taking effect under US President Donald Trump’s plan, brokered by Egypt and Qatar ahead of the Sharm El-Sheikh peace summit. The truce prompted Israeli forces to start partial withdrawals
- [Al Arabia Co. for Aluminum targets over 10,000 tonnes in annual exports](https://www.dailynewsegypt.com/2025/10/11/al-arabia-co-for-aluminum-targets-over-10000-tonnes-in-annual-exports/) - Al Arabia Company for Manufacturing and Painting Aluminum has announced a new strategy aimed at increasing its annual exports to more than 10,000 tonnes. The move follows the company’s successful restructuring and transformation into an integrated industrial complex, equipped with advanced production lines and a series of expansion projects that have strengthened its position in
- [Egypt’s Health Minister showcases Women’s Health Initiative at Berlin Innovation Forum](https://www.dailynewsegypt.com/2025/10/11/egypts-health-minister-showcases-womens-health-initiative-at-berlin-innovation-forum/) - Egypt’s Deputy Prime Minister and Minister of Health, Khaled Abdel Ghaffar, participated in the Innovation and Equity in Women’s Health Forum, held alongside the World Health Summit and the German Medical Industry Association Conference in Berlin from 12 to 14 October 2025. In his address, Abdel Ghaffar underscored the strategic importance of the forum as
- [Global rating agencies begin upgrading Egypt’s economic outlook: Finance Minister](https://www.dailynewsegypt.com/2025/10/11/global-rating-agencies-begin-upgrading-egypts-economic-outlook-finance-minister/) - Egypt’s Minister of Finance, Ahmed Kouchouk, announced that Standard & Poor’s (S&P) has upgraded Egypt’s credit rating from “B–” to “B” for the first time in seven years, maintaining a stable outlook. The move, along with Fitch Ratings’ decision to affirm its upgraded rating from last year with the same outlook, underscores international recognition of
- [Egypt, EU discuss CBAM impact, green transition cooperation](https://www.dailynewsegypt.com/2025/10/11/egypt-eu-discuss-cbam-impact-green-transition-cooperation/) - Egyptian Minister of Planning Rania Al-Mashat has met with the European Union's Commissioner for Environment, Water Resilience, and competitive Circular Economy, Jessika Roswall, to discuss the implementation of the EU's Carbon Border Adjustment Mechanism (CBAM). The meeting, held during the Global Gateway Forum in Brussels, focused on the Egyptian government's efforts to enhance the competitiveness
- [Egypt's Al-Mashat, EBRD president discuss cooperation at Global Gateway Forum](https://www.dailynewsegypt.com/2025/10/11/egypts-al-mashat-ebrd-president-discuss-cooperation-at-global-gateway-forum/) - Egyptian Minister of Planning and International Cooperation Rania Al-Mashat has met with the president of the European Bank for Reconstruction and Development (EBRD) to discuss their cooperation portfolio, with a focus on renewable energy and private sector empowerment, the ministry said. The meeting between Al-Mashat and EBRD President Odile Renaud-Basso took place during the Global
- [France's Lecornu reappointed prime minister days after resigning](https://www.dailynewsegypt.com/2025/10/11/frances-lecornu-reappointed-prime-minister-days-after-resigning/) - French President Emmanuel Macron on Friday reappointed Sébastien Lecornu as prime minister and tasked him with forming a new government, in a high-stakes bid to end weeks of political crisis and pass a crucial budget for 2026. The move came just days after Lecornu resigned, a mere 14 hours after his first government was announced,
- [North Korea displays new 'Hwasong-20' ICBM at major military parade](https://www.dailynewsegypt.com/2025/10/11/north-korea-displays-new-hwasong-20-icbm-at-major-military-parade/) - North Korean leader Kim Jong Un has overseen a major military parade showcasing a new intercontinental ballistic missile (ICBM), with senior foreign dignitaries in attendance, to mark the 80th anniversary of the ruling Workers' Party. The parade, held on Friday, came after celebrations attended by Chinese Premier Li Qiang, a Russian delegation led by former
- [Egypt promotes new economic model to European partners in Brussels](https://www.dailynewsegypt.com/2025/10/11/egypt-promotes-new-economic-model-to-european-partners-in-brussels/) - Egyptian Minister of Planning Rania Al-Mashat has launched the English version of the executive summary of "Egypt's Narrative for Economic Development: Reforms for Growth, Jobs & Resilience" during the Global Gateway Forum in Brussels. The document, which promotes the new economic model the government aims to achieve, was made available on the ministry's website ahead
- [Trump declares 100% tariffs on China, sending global markets tumbling](https://www.dailynewsegypt.com/2025/10/11/trump-declares-100-tariffs-on-china-sending-global-markets-tumbling/) - US President Donald Trump has announced that the United States will impose an additional 100% tariff on all imports from China starting 1 November, a dramatic escalation of the trade war that sent global markets into a tailspin on Friday. In a post on his Truth Social platform, Trump said the measures, which will be
- [Gaza peace summit in Sharm El-Sheikh: Top Egyptian, US diplomats discuss arrangements](https://www.dailynewsegypt.com/2025/10/11/gaza-peace-summit-in-sharm-el-sheikh-top-egyptian-us-diplomats-discuss-arrangements/) - US Secretary of State Marco Rubio calls Sharm El-Sheikh summit on Gaza 'unique historic event' in call with Egyptian Foreign Minister Badr Abdelatty
- [Egypt unearths New Kingdom military fortress on Horus’s Way in Sinai](https://www.dailynewsegypt.com/2025/10/11/egypt-unearths-new-kingdom-military-fortress-on-horuss-way-in-sinai/) - The Egyptian archaeological mission at the ancient site of Tell el-Kharrouba, in the Sheikh Zayed area of North Sinai, has unveiled a significant military fortress from the New Kingdom era. This discovery marks one of the largest and most crucial fortresses found along Horus’s Military Road, situated near the Mediterranean coast. This archaeological revelation offers
- [saib participates in EGP 2.1bn syndicated loan for Tameer Developments’ Azad Views project](https://www.dailynewsegypt.com/2025/10/11/saib-participates-in-egp-2-1bn-syndicated-loan-for-tameer-developments-azad-views-project/) - Saib Bank has joined a consortium of banks to arrange and underwrite a syndicated loan worth EGP 2.1bn for Tameer Real Estate Developments, aimed at financing part of the investment cost for the second and third phases of the company’s Azad Views project in New Cairo’s Fifth Settlement. The financing was oversubscribed by 1.5 times,
- [NBE joins capital increase of Arab API to establish Egypt’s first multi-purpose pharmaceutical raw materials plant](https://www.dailynewsegypt.com/2025/10/11/nbe-joins-capital-increase-of-arab-api-to-establish-egypts-first-multi-purpose-pharmaceutical-raw-materials-plant/) - The National Bank of Egypt (NBE) has signed an agreement to participate in the capital increase of the Arab Company for Pharmaceutical Raw Materials (Arab API), alongside several leading national institutions. The initiative supports the state’s strategy to localise pharmaceutical raw material production, strengthen the domestic industry, and reduce reliance on imports. The project aims
- [Egypt’s net international reserves rise $2.8bn to record $49.5bn in September 2025](https://www.dailynewsegypt.com/2025/10/11/egypts-net-international-reserves-rise-2-8bn-to-record-49-5bn-in-september-2025/) - Egypt’s net international reserves increased by $2.8bn over the past year, reaching $49.5bn in September 2025, up from $46.7bn in the same month of 2024 — marking the highest level on record. According to a recent report by Fitch Ratings, Egypt’s net international reserves are expected to exceed $50bn by the end of 2025, reflecting
- [Egypt’s balance of payments shows positive trends in FY 2024/25: CBE](https://www.dailynewsegypt.com/2025/10/11/egypts-balance-of-payments-shows-positive-trends-in-fy-2024-25-cbe/) - Egypt’s balance of payments reflected broadly positive trends during fiscal year (FY) 2024/2025, with the current account deficit narrowing significantly by 25.9% to $15.4bn, compared to $20.8bn in the previous fiscal year, according to the Central Bank of Egypt (CBE). This improvement stemmed from stronger external transactions, particularly during the second half of the fiscal
- [Interview | Syrian Transport Minister: We Deeply Appreciate Egypt for Hosting Syrians and Preserving Our Historic Brotherhood](https://www.dailynewsegypt.com/2025/09/30/syrian-transport-minister-no-direct-contact-yet-with-egypts-kamel-el-wazir-but-cooperation-on-horizon/) - Damascus – In an exclusive interview conducted in Damascus by Daily News Egypt Managing Editor Taha Sakr, Syrian Minister of Transport Yarob Badr discussed the challenges facing Syria’s transport sector after more than a decade of conflict, as well as future plans for rehabilitation and modernization. Minister Badr emphasized that the government’s transport strategy is built on five
- [Egypt's PM, Kenya president discuss cooperation on sidelines of COMESA summit](https://www.dailynewsegypt.com/2025/10/09/egypts-pm-kenya-president-discuss-cooperation-on-sidelines-of-comesa-summit/) - Egyptian Prime Minister Mostafa Madbouly met with Kenya President William Ruto on Thursday to discuss bilateral cooperation, on the sidelines of the 24th Summit of the Common Market for Eastern and Southern Africa (COMESA) in Nairobi. Madbouly, who was attending the summit on behalf of President Abdel Fattah al-Sisi, conveyed Sisi's greetings to the Kenyan
- [Egypt reconstitutes board of State Information Service](https://www.dailynewsegypt.com/2025/10/09/egypt-reconstitutes-board-of-state-information-service/) - Ambassador Alaa Youssef, appointed as vice chairperson of State Information Service board. Youssef is Egypt's former ambassador to France
- [Egypt's FM attends Paris meeting on implementing Gaza peace plan](https://www.dailynewsegypt.com/2025/10/09/egypts-fm-attends-paris-meeting-on-implementing-gaza-peace-plan/) - President Macron expressed his appreciation for the role of Egypt, in cooperation with Qatar and Turkey, in reaching the Gaza agreement in Sharm El-Sheikh
- [Egypt's Al-Sisi congratulates Trump on 'historic' Gaza deal in phone call, suggests Nobel Prize](https://www.dailynewsegypt.com/2025/10/09/egypts-al-sisi-tells-trump-he-deserves-nobel-prize-for-gaza-ceasefire-in-a-phone-call/) - US President Trump noted the world’s focus on Egypt’s pivotal role in the Sharm El-Sheikh negotiations that led to the Gaza agreement.
- [Ahead of Gaza deal, Sisi tells US envoys ceasefire must be immediate](https://www.dailynewsegypt.com/2025/10/09/ahead-of-gaza-deal-sisi-tells-us-envoys-ceasefire-must-be-immediate/) - Egypt's President Sisi stressed that the ceasefire in the Gaza Strip must be implemented immediately, without waiting for the relevant agreement to be signed.
- [Israel-Hamas Deal in Sharm El-Sheikh: Gaza Peace Plan Roadmap and Timeline](https://www.dailynewsegypt.com/2025/10/09/israel-hamas-deal-in-sharm-el-sheikh-gaza-peace-plan-roadmap-and-timeline/) - Trump confirmed on Wednesday night that both Israel and Hamas had signed off on the first phase of the Gaza Peace Plan during these Sharm El-Sheikh discussions
- [Gaza ceasefire talks progress in Egypt, deal possible by Friday: Axios](https://www.dailynewsegypt.com/2025/10/08/gaza-ceasefire-talks-progress-in-egypt-deal-possible-by-friday-axios/) - The goal is to announce Gaza deal this week and begin releasing Israeli hostages next week, according to a source familiar with the talks cited by Axios.
- [Egyptian Open Amateur Golf Championship 2025 to see record participation](https://www.dailynewsegypt.com/2025/10/08/egyptian-open-golf-championship-2025-record-participation/) - President of Egyptian Golf Federation Omar Hisham: Egyptian Open is one of oldest golf tournaments in Middle East and Africa since its inception in 1920.
- [Egypt extends single-use plastics circular economy project to 2027](https://www.dailynewsegypt.com/2025/10/07/egypt-extends-single-use-plastics-circular-economy-project-to-2027/) - Egypt has extended its project promoting circular economy practices in the single-use plastics value chain by one year, pushing its completion to 2027 instead of 2026. The extension comes as part of national efforts to curb plastic pollution and accelerate the transition toward sustainable production and consumption models. Local Development Minister and Acting Environment Minister
- [Egypt's Cabinet approves new universities, church legalisations](https://www.dailynewsegypt.com/2025/10/07/egypts-cabinet-approves-new-universities-church-legalisations/) - Egypt's cabinet on Tuesday approved the establishment of new private and international universities, the legalisation of 160 churches and affiliated buildings, and a new draft law on competition and the prevention of monopolistic practices. In its weekly meeting, chaired by Prime Minister Mostafa Madbouly, the cabinet approved a presidential decree to establish the "Capital International
- [Al-Sisi reviews education reforms, orders new teacher bonus starting November](https://www.dailynewsegypt.com/2025/10/07/al-sisi-reviews-education-reforms-orders-new-teacher-bonus-starting-november/) - President Abdel Fattah Al-Sisi met on Tuesday with Prime Minister Mostafa Madbouly and Minister of Education Mohamed Abdel Latif to review the progress of Egypt’s education system as the new academic year begins, the presidency said in a statement. Presidential spokesperson Mohamed El-Shenawy said the president was briefed on the start of the school year,
- [Sharm El-Sheikh talks show progress as Trump plan gains traction to end Gaza war](https://www.dailynewsegypt.com/2025/10/07/sharm-el-sheikh-talks-show-progress-as-trump-plan-gains-traction-to-end-gaza-war/) - Indirect negotiations between Hamas and Israel resumed on Tuesday in Egypt’s Red Sea resort city of Sharm El-Sheikh, with mediation from Egypt, Qatar, Turkey, and the United States, as part of a peace plan proposed by US President Donald Trump to end the war in the Gaza Strip. Diplomatic sources described the latest round of
- [Investment Ministry, Future of Egypt Authority discuss strengthening supply chains, strategic commodity procurement](https://www.dailynewsegypt.com/2025/10/07/investment-ministry-future-of-egypt-authority-discuss-strengthening-supply-chains-strategic-commodity-procurement/) - Hassan El-Khatib, Minister of Investment and Foreign Trade, met with Bahaa El-Ghannam, CEO of the Future of Egypt for Sustainable Development Authority, to discuss frameworks for cooperation aimed at reinforcing supply chains and enhancing the exchange of information on global sourcing for strategic commodities supplied to the Egyptian market. The discussions form part of ongoing
- [Malawi explores Egypt’s experience in free zone management](https://www.dailynewsegypt.com/2025/10/07/malawi-explores-egypts-experience-in-free-zone-management/) - The General Authority for Investment and Free Zones (GAFI) hosted a delegation from the Malawi Investment and Trade Centre to learn from Egypt’s experience in managing free and investment zones. The visit took place within the framework of cooperation between GAFI and the World Association of Investment Promotion Agencies (WAIPA), aimed at strengthening the management
- [Egypt targets 20–30% growth in FDI to reach $12bn in 2025: Minister](https://www.dailynewsegypt.com/2025/10/07/egypt-targets-20-30-growth-in-fdi-to-reach-12bn-in-2025-minister/) - Minister of Investment and Foreign Trade Hassan El-Khatib announced that Egypt aims to increase foreign direct investment (FDI) inflows by 20–30% this year, targeting around $12bn by the end of 2025. El-Khatib said Egypt’s annual FDI inflows currently range between $8bn and $10bn, noting that the present period represents a strong opportunity to attract more
- [Saint-Gobain Egypt targets doubling exports to Africa to €120m annually](https://www.dailynewsegypt.com/2025/10/07/saint-gobain-egypt-targets-doubling-exports-to-africa-to-e120m-annually/) - Abdel Aziz El-Sherif, First Undersecretary of State at the Ministry of Investment and Foreign Trade and Head of the Egyptian Commercial Service (ECS), met with Ahmed Wafik, Chairperson of Saint-Gobain Glass Egypt, to discuss the company’s current operations and future plans to expand exports from Egypt to African markets — targeting an annual value of
- [Opinion | Hamas, Trump, and the Future of Gaza](https://www.dailynewsegypt.com/2025/10/07/opinion-hamas-trump-and-the-future-of-gaza/) - Just days before the war enters its third year, and mere hours before the deadline set by US President Donald Trump, Hamas announced its approval of Trump’s proposed peace plan, particularly the clause concerning the release of all hostages, both alive and dead. Although Hamas offered what it described as a “conditional approval,” especially on
- [Opinion | Egypt and Qatar: When Oil Becomes the New Language of Influence in the Eastern Mediterranean](https://www.dailynewsegypt.com/2025/10/07/opinion-egypt-and-qatar-when-oil-becomes-the-new-language-of-influence-in-the-eastern-mediterranean/) - At the heart of the geopolitical transformations reshaping the region, energy is no longer a mere economic resource—it has become a tool of influence and a lever in the balance of power. Within this context, the announcement that QatarEnergy has acquired a 27% stake in Shell’s share of Egypt’s offshore “North Cleopatra” block reveals a
- [Canadian ambassador to Egypt leads 4-day mission to Alexandria](https://www.dailynewsegypt.com/2025/10/07/canadian-ambassador-to-egypt-leads-4-day-mission-to-alexandria/) - The Canadian ambassador to Egypt is leading a four-day mission to Alexandria, reviving a tradition of "symbolically moving the embassy" to the coastal city for a few days and hosting the first "Iskandarani Canada Day," the embassy announced. Ambassador Ulric Shannon and the embassy team will engage with partners and key stakeholders in education, trade,
- [Egypt plants over 18,000 trees in Cairo, Delta in '100 Million Trees' initiative](https://www.dailynewsegypt.com/2025/10/07/egypt-plants-over-18000-trees-in-cairo-delta-in-100-million-trees-initiative/) - Egypt has planted over 18,000 trees in Cairo and the Delta governorates of Kafr El-Sheikh and Daqahliya as part of the fourth phase of the "100 Million Trees" presidential initiative, the Ministry of Local Development has announced. Egyptian Minister of Local Development and acting Minister of Environment, Manal Awad, reviewed a report on the executive
- [Egypt's UPA launches new version of MedIQ medical procurement system](https://www.dailynewsegypt.com/2025/10/07/egypts-upa-launches-new-version-of-mediq-medical-procurement-system/) - The Egyptian Authority for Unified Procurement, Medical Supply, and Technology Management (UPA) has launched a new version of its MedIQ system, a digital platform designed to create a unified and more efficient system for the country's medical procurement and supply, the authority said. The new version of the system was launched at an extensive training
- [New East Port Said Technological University part of Sinai development drive](https://www.dailynewsegypt.com/2025/10/07/new-east-port-said-technological-university-part-of-sinai-development-drive/) - Egypt's Ministry of Higher Education has highlighted the establishment of the East Port Said Technological University as one of the fruits of the country's development efforts in the Sinai Peninsula and Suez Canal cities, coinciding with the 52nd anniversary of the 1973 October War. Minister of Higher Education and Scientific Research, Ayman Ashour, said the
- [CIB, CI Capital complete EGP 3.4bn securitisation bond issuance for Halan](https://www.dailynewsegypt.com/2025/10/07/cib-ci-capital-complete-egp-3-4bn-securitisation-bond-issuance-for-halan/) - The Commercial International Bank (CIB), in collaboration with CI Capital Investment Banking, has successfully concluded the seventh securitisation issuance for Halan Consumer Finance, with a total value of EGP 3.4bn. Acting as financial advisors, lead arrangers, general coordinators, lead managers, and offering promoters, both institutions played a central role in structuring and executing the transaction.
- [Egypt's Foreign Minister, German counterpart hold political consultations in Cairo](https://www.dailynewsegypt.com/2025/10/07/egypts-foreign-minister-german-counterpart-hold-political-consultations-in-cairo/) - Egyptian Foreign Minister Badr Abdelatty on Tuesday held political consultations with his German counterpart, Johann Wadephul, to discuss enhancing bilateral relations and to exchange views on regional and international developments. Abdelatty affirmed the deep ties between the two countries and expressed his desire to continue working to elevate bilateral relations, particularly in the economic, trade,
- [Egypt urges Netherlands to increase investment, stresses Nile water security](https://www.dailynewsegypt.com/2025/10/07/egypt-urges-netherlands-to-increase-investment-stresses-nile-water-security/) - Egypt on Tuesday urged the Netherlands to increase its investment in the country and stressed the importance of protecting its water security on the Nile River, during political consultations between the two countries' foreign ministers in Cairo. Foreign Minister Badr Abdelatty met with his Dutch counterpart, David van Weel, to discuss strengthening bilateral relations and
- [Egypt’s economic transformation unlocks new investment opportunities: Citi](https://www.dailynewsegypt.com/2025/10/06/egypts-economic-transformation-unlocks-new-investment-opportunities-citi/) - As Citi marks 50 years of operations in Egypt, the global banking group is reaffirming its long-term commitment to the country’s economic transformation and integration into global markets. In an exclusive interview, Ernesto Torres Cantú, Citi’s Head of International, discusses the bank’s long-standing role in Egypt—from sovereign financing and capital markets development to green finance. Cantú
- [Egypt's El-Enany Elected UNESCO Director-General in Landslide Victory](https://www.dailynewsegypt.com/2025/10/06/egypts-el-enany-elected-unesco-director-general-in-landslide-victory/) - Khaled El-Enany, Egypt's former Minister of Tourism, has been elected as the Director-General of UNESCO in a decisive vote held on Monday, a victory announced by the Egyptian presidency. This achievement marks a significant diplomatic and cultural milestone for Egypt and the broader Arab and African communities. Egyptian President Abdel Fattah Al-Sisi extended his "sincere
- [Nobel Prize in Medicine honours breakthrough on immune system’s ‘brakes’](https://www.dailynewsegypt.com/2025/10/06/nobel-prize-in-medicine-honours-breakthrough-on-immune-systems-brakes/) - The Nobel Assembly at the Karolinska Institute in Sweden announced on Monday that the 2025 Nobel Prize in Physiology or Medicine has been awarded to American scientists Mary E. Brunkow of the Institute for Systems Biology and Fred Ramsdell of Sonoma Biotherapeutics, along with Japanese researcher Shimon Sakaguchi of Osaka University. They were recognized for
- [Egypt’s international reserves climb to $49.53bn in September: CBE](https://www.dailynewsegypt.com/2025/10/06/egypts-international-reserves-climb-to-49-53bn-in-september-cbe/) - The Central Bank of Egypt (CBE) announced on Monday that the country’s net international reserves rose to $49.533bn in September 2025, up from $49.250bn in August—an increase of $283m. According to the CBE’s official statement, gold holdings within the reserves saw a significant rise, reaching $15.843bn in September compared to $14.088bn in August—an increase of
- [Egypt seals deal for "Dandara" Solar Project to power aluminium giant, bolster green exports](https://www.dailynewsegypt.com/2025/10/06/egypt-seals-deal-for-dandara-solar-project-to-power-aluminium-giant-bolster-green-exports/) - Egypt is advancing its green industrial transformation with the "Dandara" Solar Energy Project, set to power the "Egyptalum" complex with clean energy. This initiative aims to decarbonise industry, enhance export competitiveness, and solidify Egypt's role as a renewable energy leader. Ministers of Planning, Economic Development and International Cooperation, and Public Business Sector, along with Norway's
- [Gaza death toll rises amid intensified mediation efforts for ceasefire](https://www.dailynewsegypt.com/2025/10/06/gaza-death-toll-rises-amid-intensified-mediation-efforts-for-ceasefire/) - As the Israeli offensive in Gaza enters its third year, the death toll continues to rise, with ongoing diplomatic efforts to negotiate a ceasefire showing signs of progress. The Palestinian Ministry of Health reported that 21 people were killed and 96 others wounded in the last 24 hours, bringing the total death toll since October 7,
- [Al-Sisi reaffirms Egypt’s military readiness on 52nd anniversary of 1973 victory](https://www.dailynewsegypt.com/2025/10/06/al-sisi-reaffirms-egypts-military-readiness-on-52nd-anniversary-of-1973-victory/) - In a speech marking the 52nd anniversary of Egypt’s victory in the 1973 war with Israel, President Abdel Fattah Al-Sisi reaffirmed Egypt’s military readiness, describing the armed forces as “a patriotic force drawn from the people, standing as an impenetrable barrier against all threats.” The president paid tribute to the fallen soldiers of Egypt’s armed
- [Egyptian Drug Authority outlines strategy to localize pharma manufacturing](https://www.dailynewsegypt.com/2025/10/06/egyptian-drug-authority-outlines-strategy-to-localize-pharma-manufacturing/) - The Egyptian Drug Authority (EDA) recently held its 16th Board of Directors meeting, led by Ali El-Ghamrawi, Head of the Authority, at its headquarters in the New Administrative Capital. This gathering was part of ongoing efforts to advance Egypt’s pharmaceutical sector, enhance local manufacturing, and bolster the nation’s pharmaceutical security. A key focus of the
- [Iran says diplomacy with Europe 'futile' after sanctions snapback](https://www.dailynewsegypt.com/2025/10/06/iran-says-diplomacy-with-europe-futile-after-sanctions-snapback/) - Iran's foreign ministry spokesman, Esmail Baghaei, accused the European "Troika" of Britain, Germany, and France on Monday of using the nuclear deal's "trigger mechanism" to impose US demands on the UN Security Council, calling diplomacy with them "futile." "The conditions of the three European countries in exchange for not implementing the trigger mechanism are illogical
- [Syria releases preliminary results of first post-Assad parliament vote](https://www.dailynewsegypt.com/2025/10/06/syria-releases-preliminary-results-of-first-post-assad-parliament-vote/) - Syria's Higher Election Committee on Monday announced the preliminary results of the country's first parliamentary elections since the fall of Bashar al-Assad's regime, revealing the winners in most governorates while noting that voting remained postponed in three regions due to security conditions. According to Decision 66 issued by the committee and reported by the official
- [Egypt, World Bank review progress on transport, industry projects](https://www.dailynewsegypt.com/2025/10/06/egypt-world-bank-review-progress-on-transport-industry-projects/) - Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with a World Bank delegation led by Ibrahim Dajani, Manager of Transport Global Practice for the Middle East & North Africa (MENA) region, and Georges Bianco Darido, the World Bank’s Lead Urban Transport Specialist. The meeting focused on the
- [Egypt to launch second tax facilitation package by October-end: Finance Minister](https://www.dailynewsegypt.com/2025/10/06/egypt-to-launch-second-tax-facilitation-package-by-october-end-finance-minister/) - Egypt’s Minister of Finance, Ahmed Kouchouk, announced that the second package of tax facilitations will be introduced by the end of October 2025, with the proposals set to be opened for public consultation in November. The move is part of a broader effort by the government to ease the burden on taxpayers, improve service quality,
- [ACUD reports EGP 26bn net profit in FY24, achieving 35% growth](https://www.dailynewsegypt.com/2025/10/06/acud-reports-egp-26bn-net-profit-in-fy24-achieving-35-growth/) - The Administrative Capital for Urban Development (ACUD) has reported impressive financial results for fiscal year 2024, with pre-tax profits amounting to EGP 35bn—an increase of 35%, or EGP 9bn, compared to the previous year. This marks a significant milestone in the company’s growth, building on a strong track record over the past three years. ACUD’s
- [Karnak’s hidden origins: Study reveals Egypt’s great temple rose from ancient Nile island](https://www.dailynewsegypt.com/2025/10/06/karnaks-hidden-origins-study-reveals-egypts-great-temple-rose-from-ancient-nile-island/) - Researchers have completed the most detailed geoarchaeological survey to date of the Karnak Temple complex in Luxor — one of the largest religious sites of the ancient world and a UNESCO World Heritage landmark that attracts millions of visitors each year. The new study, published Monday in the journal Antiquity, sheds fresh light on when
- [Decision Makers Conference to Explore Synergy Between Tourism and Real Estate for Economic Growth](https://www.dailynewsegypt.com/2025/10/06/decision-makers-conference-to-explore-synergy-between-tourism-and-real-estate-for-economic-growth/) - The seventh edition of the Decision Makers Conference will be held on Sunday, 12 October, at the Waldorf Astoria Hotel in Cairo under the theme “Towards an Integrated Vision Between the Tourism and Real Estate Sectors to Support the Egyptian Economy.” The event, organised by San & Sam, takes place under the patronage of the
- [BRI seminar in Fujian concludes with ceremony honouring participants](https://www.dailynewsegypt.com/2025/10/06/bri-seminar-in-fujian-concludes-with-ceremony-honouring-participants/) - Fuzhou, Fujian Province, China – The “Seminar on Capacity Enhancement in Investment Attraction for Belt and Road Initiative (BRI) Countries” concluded its activities last week with an official closing ceremony held in Fujian Province, marking the end of a three-week programme that brought together participants from Egypt, Guyana, Namibia, Nigeria, Uzbekistan, and South Africa. The
- [Egypt launches nationwide medical exams for parliamentary election candidates](https://www.dailynewsegypt.com/2025/10/05/egypt-launches-nationwide-medical-exams-for-parliamentary-election-candidates/) - Egypt’s Ministry of Health and Population announced on Sunday the commencement of mandatory medical examinations for candidates wishing to run in the upcoming parliamentary elections. This initiative, which coincides with the official call for voters, is designed to streamline election procedures and ensure the accuracy of medical reports in line with legal requirements. Hossam Abdel
- [Egypt reviews Nile water inflows as minister warns of impact of encroachments on Rosetta Branch](https://www.dailynewsegypt.com/2025/10/05/egypt-reviews-nile-water-inflows-as-minister-warns-of-impact-of-encroachments-on-rosetta-branch/) - Egypt’s Permanent Committee for the Regulation of Nile Revenue met on Wednesday under the leadership of Minister of Water Resources and Irrigation Hani Sewilam to assess the current hydrological situation of the Nile River. The meeting focused on water inflows, the volume of water reaching Lake Nasser, and the operational status of the Aswan High
- [PM Madbouly reviews progress on airport infrastructure, security upgrades](https://www.dailynewsegypt.com/2025/10/05/pm-madbouly-reviews-progress-on-airport-infrastructure-security-upgrades/) - Prime Minister Mostafa Madbouly convened a meeting on Sunday to review the ongoing development of infrastructure and security systems at airports across Egypt. The meeting focused on the Ministry of Civil Aviation’s efforts to upgrade airport facilities, improve security measures, and streamline operations, all aimed at elevating Egypt's airport standards to meet international expectations. Madbouly
- [Crucial talks in Cairo aim to end Gaza genocide amid growing global pressure](https://www.dailynewsegypt.com/2025/10/05/crucial-talks-in-cairo-aim-to-end-gaza-genocide-amid-growing-global-pressure/) - Efforts to end the ongoing conflict in Gaza entered a critical phase on Sunday, with a Hamas delegation arriving in Cairo for indirect negotiations with Israel. The talks, which follow increasing international pressure, aim to bring an end to the war, secure the release of captives, and lay the groundwork for a sustainable ceasefire. Foreign
- [BMEC Imaging commits EGP 214.6m to establish cutting-edge medical device manufacturing facility in Ain Sokhna](https://www.dailynewsegypt.com/2025/10/05/bmec-imaging-commits-egp-214-6m-to-establish-cutting-edge-medical-device-manufacturing-facility-in-ain-sokhna/) - Walid Gamal El-Din, Chairperson of the General Authority for the Suez Canal Economic Zone (SCZONE), attended the signing ceremony today for BMEC Imaging’s major investment in the medical device sector. The project, valued at EGP 214.6m ($4.5m), will establish an advanced medical manufacturing and remanufacturing facility within the Main Development Company (MDC) industrial zone, part
- [Egypt offers 386 ready-to-use industrial units across 11 governorates](https://www.dailynewsegypt.com/2025/10/05/egypt-offers-386-ready-to-use-industrial-units-across-11-governorates/) - The Ministry of Industry has announced the availability of 386 fully serviced and vacant industrial units, ready for immediate allocation to entrepreneurs and small investors across 12 industrial complexes in 11 governorates. The application period will run from 6 to 20 October through the Egypt Industrial Digital Platform. Kamel Al-Wazir, Deputy Prime Minister for Industrial
- [Egypt's FRA chief holds talks with Saudi financial leaders on regulatory cooperation, innovation](https://www.dailynewsegypt.com/2025/10/05/egypts-fra-chief-holds-talks-with-saudi-financial-leaders-on-regulatory-cooperation-innovation/) - Mohamed Farid, Chairperson of Egypt's Financial Regulatory Authority (FRA) and Vice Chairperson of the International Organisation of Securities Commissions (IOSCO) Board, held high-level bilateral meetings with senior Saudi financial institution leaders in Riyadh. The discussions, part of the International Federation of Accountants (IFAC) 2025 Middle East and North Africa Forum, focused on enhancing cooperation in
- [Madbouly pushes state asset sales, seeks stronger Egyptian Exchange](https://www.dailynewsegypt.com/2025/10/05/madbouly-pushes-state-asset-sales-seeks-stronger-egyptian-exchange/) - Egypt's Prime Minister Mostafa Madbouly on Sunday held a crucial meeting to accelerate the preparation of state-owned companies for public offerings and devise strategies to invigorate the Egyptian Exchange (EGX). The government views the EGX as a key platform for attracting private sector investment into its privatisation programme. The meeting, held at the Cabinet headquarters,
- [Accelerating urban growth drives urgent need for smarter infrastructure: Otis](https://www.dailynewsegypt.com/2025/10/05/accelerating-urban-growth-drives-urgent-need-for-smarter-infrastructure-otis/) - As urbanization accelerates globally, with 70% of the world’s population projected to live in cities by 2050, the demand for smarter, safer, and more efficient infrastructure is intensifying. In Egypt, where urban expansion is advancing rapidly through new cities, residential communities, and infrastructure megaprojects, Otis Egypt is positioning itself as a key enabler of sustainable
- [Living Yards, Lemon Spaces partner for 'Maison S' Branded Residences](https://www.dailynewsegypt.com/2025/10/05/living-yards-lemon-spaces-partner-for-maison-s-branded-residences/) - Egyptian real estate developer Living Yards Developments has announced a strategic partnership with Lemon Spaces, a company specialising in managing branded residential units with a hospitality focus. The collaboration will introduce the "Maison S" brand within Living Yards' Solay project, located in New Cairo’s Golden Square. The partnership combines Living Yards’ experience in large-scale residential
- [GRANITE receives FRA approval for Egypt’s first EGP-denominated digital money market fund](https://www.dailynewsegypt.com/2025/10/05/granite-receives-fra-approval-for-egypts-first-egp-denominated-digital-money-market-fund/) - GRANITE Financial Holding, a digitally-driven asset management company, announced it has received approval from Egypt’s Financial Regulatory Authority (FRA) to launch its multi-currency fixed-income fund platform. The company’s first product under this license is the GRANITE EGP-Denominated Money Market Fund, launched in partnership with Naeem Holding for Investments. This marks a significant milestone for GRANITE
- [Tech startup investments surge sevenfold in Egypt over five years: Minister](https://www.dailynewsegypt.com/2025/10/05/tech-startup-investments-surge-sevenfold-in-egypt-over-five-years-minister/) - Amr Talaat, Egypt’s Minister of Communications and Information Technology, recently announced a remarkable surge in investments in the country’s technology startups, with the total volume of funding increasing sevenfold from 2020 to 2025 compared to the previous five-year period. Talaat highlighted that this surge in investment reflects not only the growing momentum of Egypt’s startup
- [Egypt's Al-Sisi commemorates October War, discusses national security with top brass](https://www.dailynewsegypt.com/2025/10/05/egypts-al-sisi-commemorates-october-war-discusses-national-security-with-top-brass/) - Egyptian President Abdel Fattah Al-Sisi on Sunday marked the 52nd anniversary of the 1973 October War by chairing a meeting of the Supreme Council of the Armed Forces to discuss national security and by laying wreaths at memorials in Cairo, the presidency said. The war began on Oct. 6, 1973, when the Egyptian army launched
- [WestWay Developments launches IKon Mall in West Cairo](https://www.dailynewsegypt.com/2025/10/05/westway-developments-launches-ikon-mall-in-west-cairo/) - WestWay Developments has announced the launch of its latest commercial project, IKon Mall, located in 6th of October City, west Cairo. The development is part of the company’s broader expansion plan, which includes injecting EGP 15bn into Egypt’s real estate market. Hany Farag, Managing Director of WestWay Developments, stated that IKon Mall spans over 15,000
- [EDIC Developments launches DR5 medical center, Celestia gold mall through Egyptian-Saudi partnership](https://www.dailynewsegypt.com/2025/10/05/edic-developments-launches-dr5-medical-center-celestia-gold-mall-through-egyptian-saudi-partnership/) - EDIC Developments has announced the launch of two major projects in Cairo — DR5, a medical complex in New Cairo, and Celestia, a dedicated gold and jewelry mall in Sheikh Zayed — in collaboration with Saudi investor Rabah Al-Khatib. The projects, backed by Egyptian-Saudi investments, are part of the company’s broader expansion strategy aimed at
- [Egypt's property exports reach $1.5bn in 2025, marking 200% growth over 2024](https://www.dailynewsegypt.com/2025/10/05/egypts-property-exports-reach-1-5bn-in-2025-marking-200-growth-over-2024/) - Tarek Shoukry, Chairperson of the Real Estate Development Chamber at the Federation of Egyptian Industries and Deputy Head of the Housing Committee in Parliament, confirmed that Egypt’s real estate exports reached $1.5bn in 2025—a 200% increase compared to $500m in 2024. He attributed this surge to growing interest from foreign buyers and broader market stability,
- [Housing Ministry approves installment plan for North Coast, Desert Road fees](https://www.dailynewsegypt.com/2025/10/05/housing-ministry-approves-installment-plan-for-north-coast-desert-road-fees/) - The Minister of Housing, Utilities, and Urban Communities has approved a proposal from the Real Estate Development Chamber at the Federation of Egyptian Industries to ease payment terms for North Coast land transfer fees and Desert Road improvement charges. Under the new arrangement, the 20% down payment can now be paid in installments over one
- [Market eyes impact of CBE’s 1% rate cut on yields of savings products, loans, and government debt](https://www.dailynewsegypt.com/2025/10/04/market-eyes-impact-of-cbes-1-rate-cut-on-yields-of-savings-products-loans-and-government-debt/) - The market is preparing for the reopening of banks on Sunday, following their weekly holiday, to gauge the implications of the Central Bank of Egypt’s (CBE) decision last Thursday to cut key interest rates by 1 percent on savings products, loan pricing, and government debt yields. The Monetary Policy Committee (MPC) reduced the overnight deposit
- [Egypt’s Investment Minister pledges to cut red tape, boost trade](https://www.dailynewsegypt.com/2025/10/04/egypts-investment-minister-pledges-to-cut-red-tape-boost-trade/) - Hassan El Khatib, Egypt's Minister of Investment and Foreign Trade, has vowed to eliminate bureaucracy and streamline procedures to support investors and facilitate trade. His remarks came during an inspection of Ain Sokhna Port, part of his oversight of Egyptian ports. The minister received a presentation from DP World detailing enhanced customs clearance procedures and
- [PM Madbouly opens 7th Turathna Exhibition](https://www.dailynewsegypt.com/2025/10/04/pm-madbouly-opens-7th-turathna-exhibition/) - Prime Minister Mostafa Madbouly inaugurated on Saturday the seventh edition of the “Turathna 2025” exhibition at the Egypt International Exhibitions Center in New Cairo, held under the patronage of President Abdel Fattah Al-Sisi. The event, organized by the Micro, Small and Medium Enterprises Development Agency (MSMEDA), runs from 4–11 October. Madbouly said the exhibition’s continued
- [Al-Sisi orders expedited completion of energy projects to boost food security](https://www.dailynewsegypt.com/2025/10/04/al-sisi-orders-expedited-completion-of-energy-projects-to-boost-food-security/) - Egypt’s President Abdel Fattah Al-Sisi on Saturday instructed the government to accelerate efforts to provide electricity to major agricultural and reclamation projects, particularly the New Delta development, while continuing to expand renewable energy investments to strengthen Egypt’s national energy and food security. According to a presidential statement, the directives came during a meeting attended by
- [Cairo to host Palestinian conference amid prisoner swap talks, Gaza ceasefire efforts](https://www.dailynewsegypt.com/2025/10/04/cairo-to-host-palestinian-conference-amid-prisoner-swap-talks-gaza-ceasefire-efforts/) - Egypt is preparing to host a broad Palestinian conference aimed at discussing the future of the Gaza Strip in the post-war phase, as diplomatic efforts intensify to reach a comprehensive agreement encompassing a ceasefire and a prisoner exchange deal. The move comes amid heightened U.S. pressure and growing regional engagement to end nearly a year
- [Egypt’s agricultural exports reach 7.5 million tonnes: Minister](https://www.dailynewsegypt.com/2025/10/04/egypts-agricultural-exports-reach-7-5-million-tonnes-minister/) - Minister of Agriculture and Land Reclamation Alaa Farouk announced that Egypt’s agricultural exports have so far reached around 7.5 million tonnes, representing an increase of about 650,000 tonnes compared to the same period last year. The announcement came in an official report issued by the Central Administration of Plant Quarantine (CAPQ), which detailed the latest
- [Turkish ambassador attends 78th Cairo Fashion & Tex with participation of 650 companies](https://www.dailynewsegypt.com/2025/10/04/turkish-ambassador-attends-78th-cairo-fashion-tex-with-participation-of-650-companies/) - Turkish Ambassador to Egypt Salih Mutlu Şen inaugurated the 78th edition of Cairo Fashion & Tex, which ran from 2 to 4 October, marking another milestone for Egypt’s textile and garment industry. The opening ceremony was attended by a distinguished group of officials and industry leaders, including Alaa Ezz, Secretary General of the Confederation of
- [KOICA, Egypt's Environment Ministry Conclude GIS Environmental Planning Programme](https://www.dailynewsegypt.com/2025/10/04/koica-egypts-environment-ministry-conclude-gis-environmental-planning-programme/) - The Korea International Cooperation Agency (KOICA) and Egypt's Ministry of Environment have successfully completed a three-year programme to enhance environmental planning and management through Geographic Information Systems (GIS). An online seminar marked the conclusion of the "Capacity Building on Geographic Information System for Environmental Planning and Management in Egypt," which ran from 2023 to 2025.
- [Egyptian Countryside Development, ACSAD partner to support 1.5 Million Feddans project](https://www.dailynewsegypt.com/2025/10/04/egyptian-countryside-development-acsad-partner-to-support-1-5-million-feddans-project/) - The Egyptian Countryside Development Company (ECDC) has signed a joint cooperation protocol with the Arab Center for the Studies of Arid Zones and Dry Lands (ACSAD) at the company’s headquarters in Cairo, marking a new step in efforts to support Egypt’s 1.5 Million Feddans national project. The agreement seeks to foster collaboration and exchange expertise
- [Non-banking financial activities reach EGP 773bn in July 2025: FRA](https://www.dailynewsegypt.com/2025/10/04/non-banking-financial-activities-reach-egp-773bn-in-july-2025-fra/) - The Financial Regulatory Authority (FRA) announced on Saturday that the total size of non-banking financial activities, including both capital market operations and non-banking finance services, reached EGP 773bn in July 2025. According to the FRA’s latest monthly report, this figure comprises EGP 431.4bn in equity issuances, EGP 53.4bn in issuances of securities other than shares,
- [Egypt's Al-Mashat discusses economic reform, World Bank cooperation with MENA Vice President](https://www.dailynewsegypt.com/2025/10/04/egypts-al-mashat-discusses-economic-reform-world-bank-cooperation-with-mena-vice-president/) - Rania Al-Mashat, Egypt's Minister of Planning, Economic Development and International Cooperation, held a virtual meeting with Ousmane Dione, World Bank Group Vice President for the Middle East, North Africa, Afghanistan, and Pakistan. The discussion focused on strengthening cooperation, reviewing joint projects, and preparing for the World Bank's Annual Meetings in October. During the meeting, Al-Mashat
- [Munich Airport shut down by drones for second time in 24 hours](https://www.dailynewsegypt.com/2025/10/04/munich-airport-shut-down-by-drones-for-second-time-in-24-hours/) - Munich Airport was forced to close its runways on Friday evening for the second time in less than 24 hours after unidentified drones were spotted in the area, leading to the diversion or cancellation of dozens of flights and disrupting travel for some 6,500 passengers. The incident is the latest in a series of similar
- [Opinion | The Optimal Approach to Managing Hot Money Profits](https://www.dailynewsegypt.com/2025/10/04/opinion-the-optimal-approach-to-managing-hot-money-profits/) - In my view, imposing any new fees or taxes on profits from so-called “hot money” would be counterproductive and risk undermining the attractiveness and transparency of Egypt’s investment climate as a whole. Recently, a proposal has circulated suggesting the imposition of an additional tax on profits generated from foreign portfolio investment (FPI)—commonly referred to as
- [Foreign assets in Egypt’s banking sector record $17.88bn in August 2025](https://www.dailynewsegypt.com/2025/10/04/foreign-assets-in-egypts-banking-sector-record-17-88bn-in-august-2025/) - The Central Bank of Egypt (CBE) has reported that net foreign assets (NFAs) of the Egyptian banking sector declined to $17.884bn (equivalent to EGP 870.361bn) in August 2025, compared to $18.482bn (EGP 900.545bn) in July. According to the CBE’s latest monthly statistical bulletin, total foreign assets of the banking sector—including both the central bank and
- [Inflation expectations still face upside risks domestically, globally: CBE](https://www.dailynewsegypt.com/2025/10/04/inflation-expectations-still-face-upside-risks-domestically-globally-cbe/) - The Central Bank of Egypt (CBE) has stated that inflation expectations remain exposed to upside risks stemming from both domestic and global factors, including regulated price adjustments exceeding projections and rising geopolitical tensions in the region. At its meeting last Thursday, the CBE’s Monetary Policy Committee (MPC) decided to reduce the bank’s key policy rates
- [Sanae Takaichi wins ruling party leadership, set to become Japan's first female PM](https://www.dailynewsegypt.com/2025/10/04/sanae-takaichi-wins-ruling-party-leadership-set-to-become-japans-first-female-pm/) - Nationalist Sanae Takaichi won the leadership of Japan's ruling Liberal Democratic Party (LDP) on Monday, securing her path to become the country's first female prime minister. Takaichi defeated her more moderate rival, Shinjiro Koizumi, in a run-off election, winning 185 votes to Koizumi's 156. She is now set to replace outgoing Prime Minister Shigeru Ishiba,
- [China dangles $1trn investment in bid to reset US trade policy: Bloomberg](https://www.dailynewsegypt.com/2025/10/04/china-dangles-1trn-investment-in-bid-to-reset-us-trade-policy-bloomberg/) - China has offered the Trump administration a massive investment package potentially worth as much as $1trn in exchange for the United States easing restrictions on Chinese investments and deals, Bloomberg has reported, citing informed sources. According to the report, negotiators for Chinese President Xi Jinping are also pushing the US to lower tariffs on imported
- [Egypt prepares for 8th Cairo Water Week with 95 international organizations set to participate](https://www.dailynewsegypt.com/2025/10/04/egypt-prepares-for-8th-cairo-water-week-with-95-international-organizations-set-to-participate/) - Egypt’s Ministry of Water Resources and Irrigation announced on Saturday that preparations are complete for the eighth edition of “Cairo Water Week,” scheduled to take place from October 12 to 16, 2025, under the patronage of President Abdel Fattah Al-Sisi. The annual event has become one of the region’s most prominent water platforms, bringing
- [Saudi German Health Expands Mayo Clinic Partnership, Becomes Region's Largest Member Group](https://www.dailynewsegypt.com/2025/10/04/saudi-german-health-expands-mayo-clinic-partnership-becomes-regions-largest-member-group/) - Saudi German Health (SGH), a leading healthcare provider in the Middle East and Africa, announced a significant expansion of its relationship with Mayo Clinic, making it the largest group of Mayo Clinic Care Network members in the region. The move aims to bring global medical expertise to Egypt and the wider region, enhancing healthcare quality
- [Alameda launches Egypt’s largest private-sector medical conference](https://www.dailynewsegypt.com/2025/10/01/alameda-launches-egypts-largest-private-sector-medical-conference/) - Alameda Healthcare Group has inaugurated its first annual medical conference under the theme “Culture of Excellence.” The event, bringing together more than 4,000 physicians, specialists, policymakers, and international experts, has been described as the largest private-sector medical gathering ever held in Egypt. The two-day conference, launched under the patronage of Deputy Prime Minister and Minister
- [Sarwa Securitization Hits EGP 35.3bn with Latest Bond Deal](https://www.dailynewsegypt.com/2025/10/01/sarwa-securitization-hits-egp-35-3bn-with-latest-bond-deal/) - Sarwa Securitization, the debt capital markets arm of Contact Financial Holding and Egypt’s first securitization issuer since 2005, has successfully closed its forty-sixth securitization bond issuance, valued at EGP 1.312 billion. The issuance, backed by consumer finance portfolios generated by Contact Credit and its subsidiaries, received strong ratings from MERIS (Middle East Ratings and Investors
- [A Timeless Canvas: Forever Is Now Returns to the Pyramids of Giza](https://www.dailynewsegypt.com/2025/10/01/a-timeless-canvas-forever-is-now-returns-to-the-pyramids-of-giza/) - Art D’Égypte, a subsidiary of CulturVator, has officially announced the esteemed lineup of artists for the highly anticipated fifth edition of Forever Is Now. This international contemporary art exhibition is set to grace the iconic landscape of the Pyramids of Giza from 11th November to 6th December 2025, continuing its journey as a pivotal global
- [Gaza death toll surpasses 66,000 as Israel tightens siege, ‘Freedom Flotilla’ nears coast](https://www.dailynewsegypt.com/2025/10/01/gaza-death-toll-surpasses-66000-as-israel-tightens-siege-freedom-flotilla-nears-coast/) - The death toll in Gaza has now surpassed 66,000 as Israel tightens its siege on the enclave, while the “Freedom Flotilla” carrying aid and activists moves closer to the territory’s shores. According to the Gaza Health Ministry, more than 13,280 people have been killed since fighting resumed on 18 March, adding to the devastation that
- [Al-Sisi urges stronger private sector role in ‘Future of Egypt’ projects](https://www.dailynewsegypt.com/2025/10/01/al-sisi-urges-stronger-private-sector-role-in-future-of-egypt-projects/) - Egyptian President Abdel Fattah Al-Sisi on Wednesday met with Amir Sayed Ahmed, his advisor for urban planning, and Bahaa El-Ghannam, executive director of the Future of Egypt Authority for Sustainable Development, to review the latest progress in national development projects spanning agriculture, industry, livestock, and urban expansion. According to a presidential statement, the meeting covered
- [Egypt calls for global mental health action, strengthens regional partnerships at Doha Summit](https://www.dailynewsegypt.com/2025/10/01/egypt-calls-for-global-mental-health-action-strengthens-regional-partnerships-at-doha-summit/) - Egypt’s Minister of Health and Population and Deputy Prime Minister for Human Development, Khaled Abdel Ghaffar, has urged the international community to translate global commitments on mental health into concrete national actions. He made the call during the opening session of the Sixth Global Ministerial Mental Health Summit, held in Doha under the theme “From
- [Hurghada Youth Film Festival: Where cinema meets tourism, cultural identity](https://www.dailynewsegypt.com/2025/10/01/hurghada-youth-film-festival-where-cinema-meets-tourism-cultural-identity/) - When the Hurghada Youth Film Festival was first conceived a few years ago, its ambition was clear: to create a cinematic platform amplifying the voices of young filmmakers while transforming Hurghada—renowned for its charm and global tourist appeal—into a vibrant stage where creativity and place intersect. With each successive edition, the festival has cemented its
- [GAFI to launch new initiative enabling startups to expand into foreign markets](https://www.dailynewsegypt.com/2025/10/01/gafi-to-launch-new-initiative-enabling-startups-to-expand-into-foreign-markets/) - Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), announced that the Authority is developing a new initiative designed to help Egyptian startups access foreign markets and secure improved financing opportunities. The move, he said, reflects Egypt’s growing role as a leading hub for startup activity in Africa and the Middle
- [Korean direct investments in Egypt surpass $6bn, trade volume hits $1.6bn in 2024](https://www.dailynewsegypt.com/2025/10/01/korean-direct-investments-in-egypt-surpass-6bn-trade-volume-hits-1-6bn-in-2024/) - Egypt’s Finance Minister Ahmed Kouchouk announced that the stock of South Korean direct investments in Egypt has now exceeded $6bn, underscoring the depth of bilateral economic cooperation and the growing role of Korea in supporting Egypt’s industrial and export ambitions. Speaking at the Egypt–South Korea Economic Partnership Conference, Kouchouk noted that Korean investors have delivered
- [Private investment in Egypt rises to 5-year high, public share declines](https://www.dailynewsegypt.com/2025/10/01/private-investment-in-egypt-rises-to-5-year-high-public-share-declines/) - Egypt has seen a major shift in its investment structure, with the share of private investment rising to 47.5% of the total in the last fiscal year (FY), its highest level in five years, while the share of public investment declined, the planning and international cooperation ministry has announced. The data, released as part of
- [Egypt's Al-Sisi reaffirms state's commitment to judicial independence](https://www.dailynewsegypt.com/2025/10/01/egypts-al-sisi-reaffirms-states-commitment-to-judicial-independence/) - Egyptian President Abdel Fattah Al-Sisi on Wednesday met with the members of the Supreme Council of Judicial Bodies and Authorities, where he affirmed the state's respect for the independence of the judiciary and its commitment to non-interference in its affairs. The meeting, held on Egyptian Judiciary Day, was attended by Minister of Justice Adnan Fangary
- [Egypt issues $1.5bn in dual-tranche sukuk, draws over $9bn in orders](https://www.dailynewsegypt.com/2025/10/01/egypt-issues-1-5bn-in-dual-tranche-sukuk-draws-over-9bn-in-orders/) - Egypt has priced a $1.5bn dual-tranche sukuk issuance that drew more than $9bn in orders, with the issuance set to be completed on Oct. 7, the finance ministry said on Wednesday. The ministry said in a statement that the first tranche consists of a 3.5-year, $700m sukuk with a yield of 6.375%, maturing in 2029.
- [CBE hosts conference of Mediterranean central banks in Cairo](https://www.dailynewsegypt.com/2025/10/01/cbe-hosts-conference-of-mediterranean-central-banks-in-cairo/) - The Central Bank of Egypt (CBE) on Wednesday hosted the 9th Annual Conference of Mediterranean Central Banks, an event that brought together governors and economic experts to discuss harnessing innovation and integration for sustainable development in the region. The conference was organised in collaboration with the Banco de España, the Organisation for Economic Co-operation and
- [German business delegation to visit Egypt in December ahead of economic summit](https://www.dailynewsegypt.com/2025/10/01/german-business-delegation-to-visit-egypt-in-december-ahead-of-economic-summit/) - The Egyptian Commercial Service (ECS) in Berlin, headed by Minister Plenipotentiary for Commercial Affairs Maha Zakaria, has announced that a German business delegation from North Rhine-Westphalia will visit Egypt in December. The visit comes as part of preparations for the second edition of the Egypt–North Rhine-Westphalia Economic Summit, scheduled to take place in Cairo in
- [Microfinance portfolios in Egypt exceed EGP 101bn, reaching 4.1 million clients by Q2 2025](https://www.dailynewsegypt.com/2025/10/01/microfinance-portfolios-in-egypt-exceed-egp-101bn-reaching-4-1-million-clients-by-q2-2025/) - The Egyptian Federation for Financing Medium, Small, & Micro Projects (MSMEF) announced that microfinance portfolios have surpassed EGP 101bn in the second quarter of 2025, benefiting more than 4.1 million clients across the country. Hala Abu Elsaad, Chairperson of the MSMEF, said the achievement underscores the sector’s resilience and developmental role despite ongoing economic challenges.
- [Suez Canal Authority urges Maersk to resume transits, citing strategic role in global trade](https://www.dailynewsegypt.com/2025/10/01/suez-canal-authority-urges-maersk-to-resume-transits-citing-strategic-role-in-global-trade/) - Chairperson of the Suez Canal Authority (SCA), Osama Rabie, has called on global shipping leader Maersk to gradually resume transits through the Suez Canal, underscoring the waterway’s central role as a vital artery for international commerce and a long-standing partner for major shipping lines. The appeal was made during Rabie’s meeting with Danish Ambassador to
- [Egypt's Contact Financial closes EGP 1.312bn securitisation bond](https://www.dailynewsegypt.com/2025/10/01/egypts-contact-financial-closes-egp-1-312bn-securitisation-bond/) - Sarwa Securitisation, the debt capital markets arm of Egypt's Contact Financial Holding, has successfully closed its 46th securitisation bond issuance, worth EGP 1.312bn ($27.3m), the company said on Wednesday. The bond, which was closed in the third quarter of 2025, is backed by a consumer finance portfolio generated by Contact Credit and its subsidiaries and
- [Egypt's PM addresses parliament on Al-Sisi's objections to criminal procedures bill](https://www.dailynewsegypt.com/2025/10/01/egypts-pm-addresses-parliament-on-al-sisis-objections-to-criminal-procedures-bill/) - Egyptian Prime Minister Mostafa Madbouly on Saturday addressed parliament regarding President Abdel Fattah Al-Sisi's objections to several articles in the new criminal procedures bill, renewing the government's commitment to dialogue and cooperation with the legislative body. In his statement to the House of Representatives on Wednesday, Madbouly said the president's observations on the bill "embody
- [CBE poised to decide on interest rates after 525 bps cuts in 2025](https://www.dailynewsegypt.com/2025/10/01/cbe-poised-to-decide-on-interest-rates-after-525-bps-cuts-in-2025/) - The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will convene tomorrow, Thursday, for its sixth regular meeting of 2025 to set the course for the nation’s key policy rates — the main benchmark that anchors short-term Egyptian pound interest rates and guides broader monetary conditions. At its most recent meeting on
- [International Olympiad on Financial Security opens in Russia's Krasnoyarsk](https://www.dailynewsegypt.com/2025/10/01/international-olympiad-on-financial-security-opens-in-russias-krasnoyarsk/) - International Olympiad on Financial Security finalists also include students from African states including Algeria, Egypt, Mauritania, Namibia, and Ethiopia.
- [Private capital flows into Egypt’s housing market with $1.4bn as demand surges: Knight Frank](https://www.dailynewsegypt.com/2025/09/30/private-capital-flows-into-egypts-housing-market-with-1-4bn-as-demand-surges-knight-frank/) - Egypt is rapidly consolidating its position as one of the Middle East and North Africa’s most dynamic real estate markets, attracting $1.4bn in private capital and ranking as the region’s third-largest construction market after Saudi Arabia and the UAE, according to Knight Frank’s Destination Egypt 2025 report. The country has already secured $120bn worth of awarded construction
- [Egypt welcomes global investors as business reforms bear fruit: GAFI chief](https://www.dailynewsegypt.com/2025/09/30/egypt-welcomes-global-investors-as-business-reforms-bear-fruit-gafi-chief/) - After years of intensive reforms aimed at enhancing its business climate, Egypt is now opening its doors wide to investors from around the world. Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), made the declaration during the Egypt–South Korea Economic Cooperation and Partnership Conference, held in celebration of 30 years
- [SCZONE signs $40m contract for Turkish ‘Hyper Plastic’ project in Qantara West](https://www.dailynewsegypt.com/2025/09/30/sczone-signs-40m-contract-for-turkish-hyper-plastic-project-in-qantara-west/) - During his promotional tour in Türkiye, Walid Gamal El-Din, Chairman of the Suez Canal Economic Zone (SCZONE), signed an agreement to establish the Turkish “Hyper Plastic” recycling project in the Qantara West Industrial Zone. The project will be developed over two phases on a total area of 100,000 sqm, with an investment cost of $40m
- [Egypt unveils Smart Cities Strategy to drive sustainable urban transformation](https://www.dailynewsegypt.com/2025/09/30/egypt-unveils-smart-cities-strategy-to-drive-sustainable-urban-transformation/) - Egypt has launched its Smart Cities Strategy, marking a significant step in advancing sustainable urban development and reshaping the country’s future growth model. Minister of Local Development and Acting Minister of Environment Manal Awad said the strategy represents a transformative shift in Egypt’s urban agenda, tackling rapid urbanisation, climate challenges, and spatial justice while opening
- [Trump unveils controversial Gaza peace plan amid escalating crisis, divided responses](https://www.dailynewsegypt.com/2025/09/30/trump-unveils-controversial-gaza-peace-plan-amid-escalating-crisis-divided-responses/) - As Gaza reels from mounting casualties, collapsing health services, and growing international condemnation, US President Donald Trump has unveiled a controversial peace plan aimed at ending the war—sparking deep divisions among Israeli leaders, rejection from Palestinian factions, and mixed global reactions. The Palestinian Ministry of Health in Gaza reported on Tuesday that 42 people were
- [Egyptian President directs government to prepare new human rights strategy](https://www.dailynewsegypt.com/2025/09/30/egyptian-president-directs-government-to-prepare-new-human-rights-strategy/) - Egypt's President Abdel Fattah Al-Sisi has directed the government to begin preparing a new national human rights strategy, following a meeting on Wednesday where he was briefed on the progress of the current plan and the results of Egypt's recent participation in the UN General Assembly. The directives came during a Tuesday meeting with Foreign
- [Opinion | Israeli Delusions](https://www.dailynewsegypt.com/2025/09/30/opinion-israeli-delusions/) - This is not the first time the United States has announced a 21-point plan to end the war in Gaza. The proposal includes personal guarantees from US President Donald Trump that Israel will not annex any West Bank territory, alongside the full release of hostages held by Hamas in a single batch, the reconstruction of
- [Opinion | Egypt at UNGA 2025: Can Diplomacy Secure the Nile and Food for 100 Million?](https://www.dailynewsegypt.com/2025/09/30/opinion-egypt-at-unga-2025-can-diplomacy-secure-the-nile-and-food-for-100-million/) - As the 80th session of the United Nations General Assembly (UNGA) wrapped up in New York on 27 September 2025, Egypt emerged as a pivotal voice for the Global South under the banner "Together for Better: 80 Years and Beyond for Peace, Development, and Human Rights." Foreign Minister Badr Abdelatty’s meeting with UNGA President Annalena Baerbock on
- [Shell Lubricants Egypt, EDC renew 5-year strategic partnership](https://www.dailynewsegypt.com/2025/09/30/shell-lubricants-egypt-edc-renew-5-year-strategic-partnership/) - Shell Lubricants Egypt (SLE) and the Egyptian Drilling Company (EDC) have renewed their strategic partnership with the signing of a five-year agreement that will see Shell remain the exclusive lubricant supplier for EDC’s fleet of 70 active rigs. The renewal ceremony celebrated a partnership that has grown steadily since 2018, with the two companies working
- [Egypt's Q4 GDP growth hits three-year high of 5%](https://www.dailynewsegypt.com/2025/09/30/egypts-q4-gdp-growth-hits-three-year-high-of-5/) - Egypt’s economy grew by about 4.4% in fiscal year (FY) 2024/25, driven by a strong fourth quarter that saw gross domestic product (GDP) growth hit a three-year high of about 5%, the planning ministry said. The annual growth rate was a significant increase from the 2.4% recorded in FY 2023/24 and surpassed the government's initial
- [Al-Sisi discusses development ties with Aga Khan leader, South Korean envoy in Cairo](https://www.dailynewsegypt.com/2025/09/30/al-sisi-discusses-development-ties-with-aga-khan-leader-south-korean-envoy-in-cairo/) - Egyptian President Abdel Fattah Al-Sisi held two high-level meetings on Tuesday at the Ittihadiya Palace — one with Prince Rahim Aga Khan, head of the Aga Khan Development Network (AKDN), and another with Park Bum-ki, the special envoy of South Korea’s president — as Egypt seeks to deepen international partnerships in development and investment. Presidential
- [Egypt hosts second annual Cardiac Excellence Conference amid rising burden of noncommunicable diseases](https://www.dailynewsegypt.com/2025/09/30/egypt-hosts-second-annual-cardiac-excellence-conference-amid-rising-burden-of-noncommunicable-diseases/) - The Egypt Healthcare Authority inaugurated the second annual Cardiac Excellence Conference on Wednesday, under the patronage of Deputy Prime Minister and Minister of Health Khaled Abdel Ghaffar. The event coincided with World Heart Day and brought together leading cardiologists, consultants, and international experts. Senior officials in attendance included Deputy Health Minister Amr Kandil; Ahmed Taha,
- [Egypt's Foreign Minister, US counterpart discuss Trump's Gaza plan](https://www.dailynewsegypt.com/2025/09/30/egypts-foreign-minister-us-counterpart-discuss-trumps-gaza-plan/) - For his part, Abdelatty expressed appreciation for President Trump's "sincere efforts" to stop the war in Gaza and said Egypt welcomed these efforts.
- [Egypt aims to reclaim global golf standing with new major tournaments: Omar Hisham](https://www.dailynewsegypt.com/2025/09/30/egypt-aims-to-reclaim-global-golf-standing-with-new-major-tournaments-omar-hisham/) - It will also continue its commitment to developing youth and women's golf by hosting the Egyptian Open for Juniors and Amateur Ladies at New Giza Golf Club.
- [Greek, Egyptian ministers witness signing of pact for electricity interconnector](https://www.dailynewsegypt.com/2025/09/29/greek-egyptian-ministers-witness-signing-of-pact-for-electricity-interconnector/) - Egypt and Greece have signed an agreement to finalise the technical and economic studies for an electricity interconnection project that aims to export up to 3,000 megawatts (MW) of power to Europe via the Greek grid, Egypt's electricity ministry said. The signing of the tripartite agreement was witnessed via video conference on Wednesday by Egyptian
- [Deputy FM holds virtual meeting with Egyptian expatriates in South Africa, Botswana, Lesotho](https://www.dailynewsegypt.com/2025/09/29/deputy-fm-holds-virtual-meeting-with-egyptian-expatriates-in-south-africa-botswana-lesotho/) - Egypt's Deputy Foreign Minister for Migration and Egyptian Expatriates' Affairs has held a virtual meeting with members of the Egyptian diaspora in South Africa, Botswana, and Lesotho, as part of the state's efforts to strengthen ties with its citizens abroad. In a statement, the foreign ministry said the meeting on Sunday with Deputy Minister Nabil
- ['Shabab Balad Academy' planned as Egypt pushes youth empowerment](https://www.dailynewsegypt.com/2025/09/29/shabab-balad-academy-planned-as-egypt-pushes-youth-empowerment/) - Egypt is set to launch a "Shabab Balad Academy" to provide entrepreneurship training and innovation support for young people, officials said, following a meeting to review the progress of the country's national "Shabab Balad" youth empowerment initiative. The meeting between Minister of Planning, Rania Al-Mashat, and Minister of Youth and Sports, Ashraf Sobhy, with the
- [German companies show growing interest in investing in Egypt: Ambassador](https://www.dailynewsegypt.com/2025/09/29/german-companies-show-growing-interest-in-investing-in-egypt-ambassador/) - German Ambassador to Cairo Jürgen Schulz has said that trade exchange between Egypt and Germany has reached €5bn, adding that many German companies are increasingly interested in investing in the Egyptian market. Speaking at a press conference held at the embassy on Monday, Schulz noted that German firms are seriously considering opportunities in Egypt, though
- [Egypt–UAE trade exchange rises to $5.4bn in January–July 2025: CAPMAS](https://www.dailynewsegypt.com/2025/09/29/egypt-uae-trade-exchange-rises-to-5-4bn-in-january-july-2025-capmas/) - The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that trade exchange between Egypt and the United Arab Emirates (UAE) reached $5.4bn in the first seven months of 2025, compared to $3.2bn in the same period of 2024—an increase of 71%. The release coincides with President Abdel Fattah Al-Sisi’s meeting with UAE President Mohamed
- [Al-Sisi, Bin Zayed back Trump’s Gaza peace initiative amid mounting diplomatic drive](https://www.dailynewsegypt.com/2025/09/29/al-sisi-bin-zayed-back-trumps-gaza-peace-initiative-amid-mounting-diplomatic-drive/) - Egypt’s President Abdel Fattah Al-Sisi and the UAE President Mohammed bin Zayed expressed support on Monday for a proposal by US President Donald Trump to halt the war in Gaza, describing it as a step toward a comprehensive and lasting settlement in the region. The remarks came during a meeting in Cairo that also addressed
- [Egypt, Armenia explore cooperation in military, civilian manufacturing](https://www.dailynewsegypt.com/2025/09/29/egypt-armenia-explore-cooperation-in-military-civilian-manufacturing/) - Mohamed Salah El-Din Mostafa, Minister of State for Military Production, held talks with Armen Sargsyan, Armenia’s Ambassador to Egypt, to discuss prospects for bilateral cooperation in both military and civilian manufacturing. The minister underscored the depth of Egyptian-Armenian relations, pointing to President Abdel Fattah Al-Sisi’s visit to Armenia in January 2023 and the Armenian Prime
- [EGP 84.7bn in non-banking finance for MSMEs in July 2025: FRA](https://www.dailynewsegypt.com/2025/09/29/egp-84-7bn-in-non-banking-finance-for-msmes-in-july-2025-fra/) - The Financial Regulatory Authority (FRA) announced that outstanding balances of companies and associations financing medium, small, and micro enterprises (MSMEs) in Egypt reached EGP 84.704bn in July 2025, up from EGP 66.830bn a year earlier—an increase of EGP 17.874bn. Micro-enterprise financing stood at EGP 63.229bn, compared to EGP 57.296bn in July 2024, with 3.495 million
- [Egypt to develop public sector companies, maximise assets, and expand private sector partnership: Madbouly](https://www.dailynewsegypt.com/2025/09/29/egypt-to-develop-public-sector-companies-maximise-assets-and-expand-private-sector-partnership-madbouly/) - Prime Minister Mostafa Madbouly chaired a meeting on Monday to follow up on restructuring and development efforts for Egypt’s textile companies. The meeting was attended by Mohamed El-Shimy, Minister of Public Enterprises Sector, along with senior ministry officials. Madbouly underlined the state’s commitment to modernising textile factories, noting that the government has invested billions in
- [Solid Technologies launches AI-powered programme for business development in urban projects](https://www.dailynewsegypt.com/2025/09/29/solid-technologies-launches-ai-powered-programme-for-business-development-in-urban-projects/) - Solid Technologies, a provider of advanced digital solutions, has unveiled its new Business Development Management (BDM) programme, an AI-powered platform designed to help real estate companies and large enterprises manage operations with greater efficiency and security. The system integrates intelligent management, advanced analytics, and robust digital security to provide a comprehensive overview of business performance.
- [MAG begins unit allocation for LÁ REVÁ Residence in New Administrative Capital](https://www.dailynewsegypt.com/2025/09/29/mag-begins-unit-allocation-for-la-reva-residence-in-new-administrative-capital/) - Methaq Arab Group (MAG), backed by Emirati expertise and Saudi-Egyptian investment, has launched the unit allocation phase for its integrated residential project, LÁ REVÁ Signature Residence, in the New Administrative Capital. Located in the R8 residential district, the project sits near key landmarks including the Diplomatic District, Capital International Airport, Government District, Downtown, Egypt University
- [Wealth Holding partners with Retaj Hotels & Hospitality to manage Jeval Business Complex in New Capital](https://www.dailynewsegypt.com/2025/09/29/wealth-holding-partners-with-retaj-hotels-hospitality-to-manage-jeval-business-complex-in-new-capital/) - Wealth Holding has signed a strategic partnership with Retaj International Hotels & Hospitality to operate and manage the Jeval Business Complex in the New Administrative Capital. The agreement was signed by Sohair Koriem, Chairperson of Wealth Holding, and Sheikh Nayef Bin Eid Al Thani, Chairperson of Retaj Group. Located in the New Capital’s Downtown area,
- [Egypt launches EU-backed fund to support civil society projects](https://www.dailynewsegypt.com/2025/09/29/egypt-launches-eu-backed-fund-to-support-civil-society-projects/) - Egypt on Monday launched a new fund to support the projects of non-governmental associations and foundations, a renewed partnership between the state, civil society, and international partners, including the European Union. The launch of the Civil Society Support Fund, held under the theme "Towards a Supportive and Enabling Environment for Emerging Civil Society Initiatives," aims
- [Second-hand smoke robs children of 8.45 million healthy life years annually](https://www.dailynewsegypt.com/2025/09/29/second-hand-smoke-robs-children-of-8-45-million-healthy-life-years-annually/) - Children worldwide lose more than 8.45 million years of healthy life every year due to exposure to second-hand smoke, with the greatest burden borne by those in low-income countries, according to new research presented at the European Respiratory Society Congress in Amsterdam. “Exposure to tobacco smoke from others is a major cause of preventable illness
- [Egypt's startups attract $2.2bn, new guide for entrepreneurs planned](https://www.dailynewsegypt.com/2025/09/29/egypts-startups-attract-2-2bn-new-guide-for-entrepreneurs-planned/) - Egypt's startups have attracted $2.2bnin investments since 2020, the country's Minister of Planning and International Cooperation has said, adding that a new guide to government services for entrepreneurs is being prepared. Speaking at an event during "Egypt Innovation Week," Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, revealed that the Ministerial Group for
- [Egypt's Investment Minister discusses economic reforms with IMF delegation](https://www.dailynewsegypt.com/2025/09/29/egypts-investment-minister-discusses-economic-reforms-with-imf-delegation/) - Egyptian Minister of Investment and Foreign Trade, Hassan El-Khatib, has met with a delegation from the International Monetary Fund (IMF) to review the country's ongoing financial, institutional, and trade reform programmes, the ministry said. During the meeting, the minister affirmed that the reformist vision adopted by the state is based on well-defined policies aimed at
- [Egypt's PM urges heads of new cities to step up efforts on sanitation, maintenance](https://www.dailynewsegypt.com/2025/09/29/egypts-pm-urges-heads-of-new-cities-to-step-up-efforts-on-sanitation-maintenance/) - Egyptian Prime Minister Mostafa Madbouly on Monday met with the heads of the country's new city authorities, directing them to increase efforts in sanitation, maintenance, and waste removal to restore the civilised appearance of the new urban developments. "The responsibility for restoring the general civilised appearance of the new cities lies on the shoulders of
- [Madinet Masr partners with Qubix, LA7 to launch commercial, wellness hubs in Tajed](https://www.dailynewsegypt.com/2025/09/29/madinet-masr-partners-with-qubix-la7-to-launch-commercial-wellness-hubs-in-tajed/) - Madinet Masr has signed two strategic partnerships to expand its integrated commercial district, Tajed, in New Cairo. The agreements include Qubix Co., which will develop The Prism, Tajed’s first commercial and entertainment hub, and LA7, which will establish its largest health and wellness branch within the district. The Prism will cover over 7,000 sqm, featuring
- [Developers warn against units priced below EGP 80,000 per sqm](https://www.dailynewsegypt.com/2025/09/29/developers-warn-against-units-priced-below-egp-80000-per-sqm/) - Real estate sales in Egypt surged from EGP 400bn in 2019 to more than EGP 2.2trn last year, according to Hazem Helal, CEO of O West, Makadi Heights, and Byoum at Orascom Development. However, he cautioned that this growth in value does not necessarily indicate stronger demand, pointing instead to sharp exchange rate fluctuations—from around
- [Al Ahly Sabbour targets EGP 32bn in 2025 sales after strong Cityscape performance](https://www.dailynewsegypt.com/2025/09/29/al-ahly-sabbour-targets-egp-32bn-in-2025-sales-after-strong-cityscape-performance/) - Al Ahly Sabbour Developments announced robust sales momentum following its participation in Cityscape Egypt 2025, where it showcased flagship projects including YOUD, Ten Islands, The Mornings, and Wadi Zaha. The company achieved sales of more than EGP 400m during the exhibition, with Ten Islands surpassing its sales target by 150%. These results boosted Al Ahly
- [Iran, Eurasian Economic Union sign 3-year roadmap to boost free trade](https://www.dailynewsegypt.com/2025/09/29/iran-eurasian-economic-union-sign-3-year-roadmap-to-boost-free-trade/) - Agreement was signed by Iranian Minister of Industry, Mining and Trade Mohammad Atabak, and Eurasian Economic Union Minister in charge of Trade, Andrey Slepnev
- [India's tech startups raise $7.7bn, ranking third globally](https://www.dailynewsegypt.com/2025/09/29/indias-tech-startups-raise-7-7bn-ranking-third-globally/) - Tech startups enterprise applications led the way with $2.3bn in funding, followed by retail at $2bn, and transportation and logistics technologies at $1.79bn
- [First phase of Iran's $330 million solar plant goes online](https://www.dailynewsegypt.com/2025/09/29/first-phase-of-irans-330-million-solar-plant-goes-online/) - Located 10 kilometres west of Kuhpayeh, the plant occupies 1,200 hectares and benefits from the region’s dry climate and high solar radiation.
- [Uruguayan scientists uncover brain cell mechanism vital for memory](https://www.dailynewsegypt.com/2025/09/29/uruguayan-scientists-uncover-brain-cell-mechanism-vital-for-memory/) - During experiments, when the Uruguayan scientists blocked or removed the Panx1 channel, the capillaries were no longer able to adjust properly.
- [China to open world's tallest bridge in Huajiang Grand Canyon](https://www.dailynewsegypt.com/2025/09/29/china-to-open-worlds-tallest-bridge-in-huajiang-grand-canyon/) - Huajiang Grand Canyon bridge successfully completed its final load test on Aug. 25. The procedure involved 96 trucks weighing a total of around 3,300 tonnes,
- [Indonesia projects 6,800 green jobs from nuclear energy drive](https://www.dailynewsegypt.com/2025/09/29/indonesia-projects-6800-green-jobs-from-nuclear-energy-drive/) - Indonesia mapped workforce competencies to match nuclear industry needs while updating vocational training curricula to deliver the necessary skills.
- [New Chinese device turns lunar soil into bricks, paving way for moon base](https://www.dailynewsegypt.com/2025/09/29/chinese-device-lunar-soil-bricks/) - The machine harnesses concentrated solar energy to reach temperatures above 1,300°C, high enough to melt lunar dust and form it into shaped bricks.
- [BRICS+ actors discuss theatrical art at Moscow media centre](https://www.dailynewsegypt.com/2025/09/29/brics-actors-discuss-theatrical-art-at-moscow-media-centre/) - BRICS+ Media Centre serves as a platform for advancing the international humanitarian agenda and bringing together expert communities from BRICS+ countries
- [Egypt aims to join top 50 in global trade, investment competitiveness within two years: El-Khatib](https://www.dailynewsegypt.com/2025/09/22/egypt-aims-to-join-top-50-in-global-trade-investment-competitiveness-within-two-years-el-khatib/) - Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, announced that the country is working to position itself among the world’s top 50 nations in trade and investment competitiveness within the next two years. Speaking at the Egypt–Rwanda Business Forum—attended by Rwandan businessman Égide Gatera and Jean-Guy Africa, the CEO of the Rwanda Development Board—El-Khatib
- [Egypt, CEDARE step up cooperation on climate resilience, recycling projects](https://www.dailynewsegypt.com/2025/09/28/egypt-cedare-step-up-cooperation-on-climate-resilience-recycling-projects/) - Egypt’s Minister of Local Development and Acting Environment Minister, Manal Awad, held talks on Wednesday with Khaled Fahmy, Executive Director of the Centre for Environment and Development for the Arab Region and Europe (CEDARE), to strengthen joint efforts on environmental and climate projects. Climate resilience and sustainable farming Awad reviewed several flagship projects led by
- [Mounting global calls to end Gaza war as talks stall, death toll rises](https://www.dailynewsegypt.com/2025/09/28/mounting-global-calls-to-end-gaza-war-as-talks-stall-death-toll-rises/) - The death toll from Israel’s war on the Gaza Strip continues to rise as heavy military operations persist, with political negotiations stalled and international pressure mounting to halt the fighting. The Gaza Ministry of Health reported on Sunday that 79 Palestinians were killed and 379 wounded in the past 24 hours, bringing the total number
- [Al-Sisi meets Afreximbank leadership, discusses boosting Africa trade, development cooperation](https://www.dailynewsegypt.com/2025/09/28/al-sisi-meets-afreximbank-leadership-discusses-boosting-africa-trade-development-cooperation/) - Egypt’s President Abdel Fattah Al-Sisi received on Sunday Benedict Oramah, President of the African Export-Import Bank (Afreximbank), whose term concludes in October 2025, alongside George Elombi, the bank’s President-elect, who will serve until 2030. The meeting was attended by Hassan Abdalla, Governor of the Central Bank of Egypt (CBE). Presidential Spokesperson Mohamed El-Shennawy said President
- [Egyptian-German Business Forum boosts economic cooperation, investment opportunities](https://www.dailynewsegypt.com/2025/09/28/egyptian-german-business-forum-boosts-economic-cooperation-investment-opportunities/) - The Egyptian-German Business Forum wrapped up its activities in Frankfurt and Munich, marking a major step in advancing economic cooperation and investment prospects between the two countries. Organised by the German-Arab Chamber of Industry and Commerce (AHK Egypt) and chaired by Ahmed El-Sewedy, the forum was held in partnership with the German Chambers of Industry
- [Egypt's SCZONE attracted $10.4bn in 38 months, chairperson says](https://www.dailynewsegypt.com/2025/09/28/egypts-sczone-attracted-10-4bn-in-38-months-chairperson-says/) - Egypt's Suez Canal Economic Zone (SCZONE) has contracted for 34 projects worth $10.4bn in the past 38 months, with a focus on localising new industries, its executive chairperson has said. Speaking at a panel discussion organised by the British Egyptian Business Association (BEBA), Waleid Gamal El-Din highlighted the significant progress in Egypt's logistics and ports,
- [Housing Ministry details refund procedures for Beit El Watan down payments of expats](https://www.dailynewsegypt.com/2025/09/28/housing-ministry-details-refund-procedures-for-beit-el-watan-down-payments-of-expats/) - The Ministry of Housing, Utilities, and Urban Communities has outlined the procedures for Egyptian expatriates seeking refunds of down payments made for the Beit El Watan project. Applicants must submit their requests through the designated email address available on the project’s official website. The Ministry reiterated its commitment to maintaining effective communication with Egyptians abroad,
- [Egypt’s engineering exports surpass $4bn in August 2025, up 12% year-on-year](https://www.dailynewsegypt.com/2025/09/28/egypts-engineering-exports-surpass-4bn-in-august-2025-up-12-year-on-year/) - The Engineering Export Council of Egypt announced that engineering exports reached $4.187bn between January and August 2025, marking a 12% increase compared to $3.746bn in the same period last year. Sherif El-Sayyad, Chairperson of the Council, said the results underscore the resilience and growing competitiveness of Egyptian engineering industries in global markets despite international challenges.
- [Egypt exports 185,000 tonnes of food products in one week, imports 310,000 tonnes](https://www.dailynewsegypt.com/2025/09/28/egypt-exports-185000-tonnes-of-food-products-in-one-week-imports-310000-tonnes/) - Egypt exported 3,860 food shipments totalling 185,000 tonnes during the week of 20–26 September, according to the 35th weekly report for 2025 issued by the National Food Safety Authority (NFSA). The shipments were supplied by 1,300 Egyptian companies and included around 675 different food items ranging from flour and grain products to vegetables, fruits, molasses,
- [CBE conducts annual drill for business continuity, alternative site operations](https://www.dailynewsegypt.com/2025/09/28/cbe-conducts-annual-drill-for-business-continuity-alternative-site-operations/) - As part of its commitment to adopting international best practices in Business Continuity Management (ISO 22301), the Central Bank of Egypt (CBE) has completed its annual drill for Business Continuity Plans and the Business Continuity Management System (BCMS). The exercise, organised by the Risk Management Sector in coordination with the Information Technology Sector and all
- [Egypt, EU discuss enhanced cooperation on food security, domestic trade](https://www.dailynewsegypt.com/2025/09/28/egypt-eu-discuss-enhanced-cooperation-on-food-security-domestic-trade/) - Sherif Farouk, Egypt’s Minister of Supply and Internal Trade, met on Sunday with Angelina Eichhorst, Head of the European Union Delegation to Cairo, to explore avenues for strengthening cooperation between Egypt and the EU in food security and domestic trade. The meeting was attended by Eva Staminova, Programme Officer for Agriculture and Health at the
- [Egypt caps public investment at EGP 1.16trn for FY 2025/2026: Al-Mashat](https://www.dailynewsegypt.com/2025/09/28/egypt-caps-public-investment-at-egp-1-16trn-for-fy-2025-2026-al-mashat/) - Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat announced that public investments for FY 2025/2026 have been capped at EGP 1.16trn, as part of government efforts to ensure fiscal discipline, maintain the downward trajectory of public debt, and safeguard macroeconomic stability. The Minister made the remarks during her meeting with Anshula Kant, Managing
- [First line of Egypt's high-speed rail network is 67% complete](https://www.dailynewsegypt.com/2025/09/28/first-line-of-egypts-high-speed-rail-network-is-67-complete/) - The first line of Egypt's high-speed electric train network, stretching 660 km from Ain Sokhna on the Red Sea to Marsa Matrouh on the Mediterranean, is now 67% complete, the country's transport minister has said. The update was provided during a meeting on Sunday, chaired by Prime Minister Mostafa Madbouly to review the executive status
- [Egypt's foreign minister says Ethiopia's Nile dam policy is 'destabilising'](https://www.dailynewsegypt.com/2025/09/28/egypts-foreign-minister-says-ethiopias-nile-dam-policy-is-destabilising/) - Egyptian Foreign Minister Badr Abdelatty on Saturday accused Ethiopia of “endangering the lives of millions in the two downstream states” of Egypt and Sudan through unilateral actions on its mega Nile dam. Addressing the high-level debate of the 80th session of the UN General Assembly, Abdelatty condemned Ethiopia’s “destabilising unilateral policies” in the Horn of
- [Philip Morris leads smoke-free transformation with strategic investments, green initiatives in Egypt](https://www.dailynewsegypt.com/2025/09/28/philip-morris-leads-smoke-free-transformation-with-strategic-investments-green-initiatives-in-egypt/) - Philip Morris is accelerating its shift toward a smoke-free future in Egypt, backed by strategic investments, scientific innovation, and a strong focus on sustainability. The company is introducing alternative products, expanding its local operations, and committing to environmental sustainability goals as part of its long-term vision. Daily News Egypt sat down with Ali Nevzat Karaman,
- [Amreya Petroleum Refining Co. launches EGP 2bn projects to boost output](https://www.dailynewsegypt.com/2025/09/28/amreya-petroleum-refining-co-launches-egp-2bn-projects-to-boost-output/) - Amreya Petroleum Refining Company implements projects worth more than EGP 2bn to expand production and storage capacity and support operational sustainability, according to the company’s Chairperson Mohamed Sobhy. Among the most prominent initiatives is the restart of the hydrogen production unit, with a capacity of 5,000 cubic metres per hour, after a 13-year suspension. The
- [New Companies Law mandates electronic approvals within 20 working days: GAFI](https://www.dailynewsegypt.com/2025/09/28/new-companies-law-mandates-electronic-approvals-within-20-working-days-gafi/) - Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), announced that investment procedures in Egypt have been successfully transformed into a modern digital system designed to be transparent and straightforward. A key provision in the upcoming Companies Law—set to be presented to parliament—requires all government bodies to complete necessary approvals electronically
- [Al Ahram Beverages Company Launches ‘ABC Hospitality Academy’ initiative to support Egypt’s Tourism Experience](https://www.dailynewsegypt.com/2025/09/27/al-ahram-beverages-company-launches-abc-hospitality-academy-initiative-to-support-egypts-tourism-experience/) - As Egypt marks World Tourism Day this September, Al Ahram Beverages Company (ABC)—a leading multi-category beverage company with over 120 years heritage in Egypt—proudly announces the launch of the ‘ABC Hospitality Academy’ initiative in collaboration with Rhythm Hospitality Training Consultancy. With Egypt welcoming 15.7 million visitors in 2024 and targeting 30 million tourists by 2028,
- [The power of positive change](https://www.dailynewsegypt.com/2025/09/28/the-power-of-positive-change/) - Many liken smoking to being in the thralls of a toxic relationship. We lavish time and money on it and know every reason why we shouldn’t continue yet many people persist regardless. Breaking the cycle is never easy. But breaking it for good will be one of the best decisions you make, and every year
- [Egypt wins WHO global award for efforts to combat obesity](https://www.dailynewsegypt.com/2025/09/27/egypt-wins-who-global-award-for-efforts-to-combat-obesity/) - Egypt has received a prestigious international award from the World Health Organization (WHO) and the United Nations Interagency Task Force on the Prevention and Control of Noncommunicable Diseases (UNIATF), recognising its innovative and effective efforts to prevent and combat obesity, the Ministry of Health announced on Saturday. The award was presented during the annual ceremony
- [Electricity Minister reviews Dabaa nuclear project progress with Russia’s Rosatom](https://www.dailynewsegypt.com/2025/09/27/electricity-minister-reviews-dabaa-nuclear-project-progress-with-russias-rosatom/) - Mahmoud Esmat, Minister of Electricity and Renewable Energy, met with Alexey Likhachev, Director General of Russia’s State Atomic Energy Corporation Rosatom, and Andrei Petrov, First Deputy Director General of the Corporation and Chair of Atomstroyexport—the company implementing the Dabaa nuclear power plant project—on the sidelines of the Nuclear Summit and World Nuclear Week in Moscow.
- [Washington intensifies push for Gaza ceasefire as genocide accusations against Israel mount](https://www.dailynewsegypt.com/2025/09/27/washington-intensifies-push-for-gaza-ceasefire-as-genocide-accusations-against-israel-mount/) - International pressure to end Israel’s ongoing war on the Gaza Strip is growing as the conflict enters its second year, with Washington leading fresh diplomatic efforts to secure a new ceasefire. The push comes amid mounting genocide accusations against Israel and rapidly escalating humanitarian and political developments. The Gaza Ministry of Health reported that 77
- [Pakistani pharmaceutical companies bet $500m on exports as economy slows](https://www.dailynewsegypt.com/2025/09/27/pakistani-pharmaceutical-companies-500m-exports/) - More than a dozen Pakistani pharmaceutical companies are retooling their facilities to ensure their medications and factories comply with overseas regulations
- [Egyptian BRI Seminar Participants Visit Fujian University of Technology](https://www.dailynewsegypt.com/2025/09/27/egyptian-bri-seminar-participants-visit-fujian-university-of-technology/) - Fuzhou, Fujian Province, China – Participants from Egypt in the Belt and Road Initiative (BRI) seminar continued their programme in China with a visit to the Fujian University of Technology (FJUT), one of the country’s leading institutions in engineering, applied sciences, and technological innovation. The visit followed earlier tours of shipbuilding facilities in the province,
- [Cairo Fashion & Tex to launch October 2 with 650 Egyptian, international exhibitors](https://www.dailynewsegypt.com/2025/09/27/cairo-fashion-tex-to-launch-october-2-with-650-egyptian-international-exhibitors/) - The 78th edition of Cairo Fashion & Tex—the international exhibition for ready-made garments, fabrics, and production supplies—will open next Thursday under the auspices of the Ministry of Industry and the Chamber of Ready-Made Garments and Textiles. The event is organised by Pyramids Group for International Exhibitions. Mohamed El-Sherif, Chairperson of Pyramids Group, announced that this
- [Suez Canal explores cooperation with China’s CSTC to develop shipyards, subsidiaries](https://www.dailynewsegypt.com/2025/09/27/suez-canal-explores-cooperation-with-chinas-cstc-to-develop-shipyards-subsidiaries/) - Osama Rabie, Chair of the Suez Canal Authority (SCA), met with Zhang Jinming, Vice Chair of China Shipbuilding Trading Company (CSTC)—a subsidiary of the China State Shipbuilding Corporation (CSSC), one of the world’s largest marine industry leaders—to discuss potential cooperation on developing the Authority’s shipyards and subsidiaries using the latest global technologies. The initiative comes
- [Egypt makes official debut at Monaco Yacht Show, targeting sector growth](https://www.dailynewsegypt.com/2025/09/27/egypt-makes-official-debut-at-monaco-yacht-show-targeting-sector-growth/) - Egypt's Minister of Tourism and Antiquities, Sherif Fathy, met with leading figures in the global yachting industry in Monaco, signalling a major push by Cairo to develop its luxury marine tourism sector as the country made its official debut at the prestigious Monaco Yacht Show. The event, which runs from 24 to 27 September, is
- [Egyptian Writers Conference announces theme for 37th session](https://www.dailynewsegypt.com/2025/09/27/egyptian-writers-conference-announces-theme-for-37th-session/) - The Egyptian Writers Conference has opened its call for submissions for its 37th annual research competition, which this year will focus on the theme of "Literature and Drama: Cultural Specificity and the Future." The conference, organised by the General Authority for Culture Palaces under the auspices of the Ministry of Culture, is one of Egypt's
- [UNGA: Egypt's FM meets Syrian counterpart, reaffirms support for Syria's unity, stability](https://www.dailynewsegypt.com/2025/09/27/unga-egypts-fm-meets-syrian-counterpart-reaffirms-support-for-syrias-unity-stability/) - Egyptian Foreign Minister Badr Abdelatty has affirmed that a political path with the participation of all components of the Syrian people is the cornerstone of achieving sustainable stability in the country. During a meeting with his Syrian counterpart, Asaad Al-Shaibani, on the sidelines of the 80th session of the UN General Assembly in New York,
- [Egypt's FM meets South Korean counterpart, OIC, BRICS ministers at UNGA](https://www.dailynewsegypt.com/2025/09/27/egypts-fm-meets-south-korean-counterpart-oic-brics-ministers-at-unga/) - Egyptian Foreign Minister Badr Abdelatty on Friday held a series of meetings on the sidelines of the UN General Assembly, engaging with his South Korean counterpart and fellow ministers from the Organization of Islamic Cooperation (OIC) and the BRICS group on pressing global and regional issues. In his meeting with South Korean Foreign Minister Cho
- [Egypt allocates EGP 768.5m for social solidarity in FY 2025/26 plan](https://www.dailynewsegypt.com/2025/09/27/egypt-allocates-egp-768-5m-for-social-solidarity-in-fy-2025-26-plan/) - Egypt has allocated approximately EGP 768.5m($16m) for the Ministry of Social Solidarity in its investment plan for fiscal year (FY) 2025/26, a 75.5% increase from the EGP 455m in the previous year, the Planning and International Cooperation Ministry said. The details were discussed during a meeting between Minister of Planning, Economic Development, and International Cooperation,
- [Egypt's military production sector manufactures submersible pumps for 1st time](https://www.dailynewsegypt.com/2025/09/27/egypts-military-production-sector-manufactures-submersible-pumps-for-1st-time/) - Egypt's military production companies are manufacturing submersible pumps for the first time in the country and are cooperating with a Japanese firm to produce a station that generates drinking water from the air, the minister of state for military production has said. In a statement to the state news agency MENA, Minister Mohamed Salah said
- [Industry Ministry allocates 253 land plots covering 545,000 sqm in 11th offering](https://www.dailynewsegypt.com/2025/09/27/industry-ministry-allocates-253-land-plots-covering-545000-sqm-in-11th-offering/) - The Ministry of Industry has announced the results of the 11th offering of industrial land, conducted entirely through the Egypt Digital Industrial Platform between 1 and 11 September 2025. In this round, 253 land plots were allocated to committed investors who met all requirements and achieved the highest evaluation scores, covering a total area of
- [14 countries account for 68.3% of Egypt’s foreign trade: CBE](https://www.dailynewsegypt.com/2025/09/27/14-countries-account-for-68-3-of-egypts-foreign-trade-cbe/) - The Central Bank of Egypt (CBE) announced that trade exchange between Egypt and its 14 main trading partners—representing 68.3% of the country’s total foreign trade—stood at $66.836bn during the first nine months of fiscal year 2024/2025. This figure includes $46.357bn in imports and $20.478bn in exports. According to the CBE’s latest report, Egypt’s overall foreign
- [Balancing monetary policies supports keeping interest rates unchanged in October](https://www.dailynewsegypt.com/2025/09/27/balancing-monetary-policies-supports-keeping-interest-rates-unchanged-in-october/) - Monetary policy plays a central role in steering economic performance and is one of the most effective tools for achieving financial stability and sustainable growth. By activating monetary policy tools—particularly changes in interest rates—the Central Bank of Egypt (CBE) controls inflation and stimulates investment, thereby boosting economic activity and creating a more favourable investment environment.
- [ABE signs protocol with Germany’s GIZ to advance sustainable financing for SMEs](https://www.dailynewsegypt.com/2025/09/27/abe-signs-protocol-with-germanys-giz-to-advance-sustainable-financing-for-smes/) - The Agricultural Bank of Egypt (ABE) has signed a cooperation protocol with the German Agency for International Cooperation (GIZ) and IPC Consulting to establish the foundations of sustainable finance. The agreement focuses on developing and implementing an Environmental, Social, and Governance (ESG) management system, integrating it into credit procedures and financing activities for small and
- [NBE signs cooperation protocol with Plan International to boost SMEs, microenterprises](https://www.dailynewsegypt.com/2025/09/27/nbe-signs-cooperation-protocol-with-plan-international-to-boost-smes-microenterprises/) - The National Bank of Egypt (NBE) has signed a cooperation protocol with Plan International Egypt to launch a comprehensive partnership aimed at supporting and developing the small, medium, and microenterprise (SME) sector. Widely recognised as one of the main pillars of the national economy, this sector is among the most significant drivers of growth and
- [United Bank revives 25 troubled factories across key sectors](https://www.dailynewsegypt.com/2025/09/27/united-bank-revives-25-troubled-factories-across-key-sectors/) - The United Bank has announced the successful revival of 25 troubled factories in industries including agriculture, fertilisers, animal feed, and glass manufacturing, after years of inactivity. The move comes as part of the Egyptian government and Central Bank’s initiative to support national industry and reinvigorate the domestic economy. Tarek Fayed, CEO and Managing Director of
- [Egypt's Sisi says he won't 'gamble with the lives of Egyptians' to force Gaza aid](https://www.dailynewsegypt.com/2025/09/26/egypts-sisi-says-he-wont-gamble-with-the-lives-of-egyptians-to-force-gaza-aid/) - Sisi affirmed Egypt's "sincere and strong" desire to stop the war, reconstruction, and deliver humanitarian aid while preserving the lives of Egyptians
- [Korea, Egypt sign $10m agreement to enhance green automotive training](https://www.dailynewsegypt.com/2025/09/25/korea-egypt-sign-10m-agreement-to-enhance-green-automotive-training/) - "This initiative will empower our youth and support a sustainable future in the automotive sector," said South Korea Ambassador Kim.
- [Cairo to Host AFAA Conference on IFRS S1 Sustainability Disclosure Standards](https://www.dailynewsegypt.com/2025/09/25/cairo-to-host-afaa-conference-on-ifrs-s1-sustainability-disclosure-standards/) - CAIRO, EGYPT – The Arab Federation of Accountants and Auditors (AFAA), a key regional body affiliated with the Council of Arab Economic Unity of the League of Arab States, will host its 12th International Professional Conference on September 28, 2025, at the Cairo Marriott Hotel. The high-level event, held under the auspices of the Egyptian Prime Minister, will gather
- [CBE reports EGP 40.3bn in net profit for August 2025](https://www.dailynewsegypt.com/2025/09/24/cbe-reports-egp-40-3bn-in-net-profit-for-august-2025/) - The Central Bank of Egypt (CBE) recorded net profits of EGP 40.346bn in August 2025, a significant increase from EGP 12.331bn in July, according to the bank’s latest financial statements. Total equity rose to EGP 177.345bn in August, up from EGP 149.168bn the previous month. Despite the profit surge, total assets declined slightly to EGP
- [Cairo ties Gaza security plans to comprehensive political settlement](https://www.dailynewsegypt.com/2025/09/24/cairo-ties-gaza-security-plans-to-comprehensive-political-settlement/) - Cairo has signaled conditional openness to discussing the disarmament of Hamas and the potential deployment of an international force in the Gaza Strip — but emphasized that any such measures must be embedded within a comprehensive political framework that leads to the establishment of a Palestinian state along the 1967 borders. The statement came just
- [Egypt’s foreign trade hits $140.6bn in 2024](https://www.dailynewsegypt.com/2025/09/24/egypts-foreign-trade-hits-140-6bn-in-2024/) - Egypt’s foreign trade volume reached a total of $140.6bn in 2024, according to the latest annual bulletin published by the Central Agency for Public Mobilisation and Statistics (CAPMAS). The data highlights a year of mixed outcomes for Egypt’s trade performance, with export growth led by non-oil sectors, while import volumes rose sharply, driven in part
- [Shell Lubricants Egypt, Hassan Allam Holding sign 5-year strategic partnership](https://www.dailynewsegypt.com/2025/09/24/shell-lubricants-egypt-hassan-allam-holding-sign-5-year-strategic-partnership/) - Shell Lubricants Egypt (SLE) has signed a five-year agreement to become the exclusive supplier of industrial lubricants for Hassan Allam Holding, one of Egypt’s leading engineering and construction groups. The deal will see Shell supply lubricants for the off-highway equipment fleet of Hassan Allam Construction, Hassan Allam Roads and Bridges, and 3S Ready Mix, the
- [Egypt accelerates investment reforms to boost competitiveness: Minister](https://www.dailynewsegypt.com/2025/09/24/egypt-accelerates-investment-reforms-to-boost-competitiveness-minister/) - Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, has reaffirmed the country’s continued commitment to implementing a broad package of economic reforms aimed at creating a more attractive and competitive investment climate for both domestic and international investors. “If we want to attract more foreign direct investment, our economy must become more competitive,” he
- [Health Ministry reviews debt settlement mechanisms under unified procurement system](https://www.dailynewsegypt.com/2025/09/24/health-ministry-reviews-debt-settlement-mechanisms-under-unified-procurement-system/) - Egypt’s Minister of Health and Deputy Prime Minister for Human Development, Khaled Abdel Ghaffar, chaired a high-level meeting on Wednesday to follow up on the settlement of outstanding debts within the framework of the national unified medical procurement system, the Ministry of Health announced. The meeting brought together Hesham Stait, head of the Unified Procurement
- [Industry Ministry unveils new incentive package to boost investment in feeder industries](https://www.dailynewsegypt.com/2025/09/24/industry-ministry-unveils-new-incentive-package-to-boost-investment-in-feeder-industries/) - The Ministry of Industry has launched a new package of investment incentives designed to encourage the establishment of factories specializing in the production of cold-rolled, galvanized, and coated sheet metal — key inputs for a wide range of strategic industries. This initiative aligns with directives from the political leadership to deepen local manufacturing and support
- [Egypt, EU discuss enhancing water partnership, Cairo Water Week preparations](https://www.dailynewsegypt.com/2025/09/24/egypt-eu-discuss-enhancing-water-partnership-cairo-water-week-preparations/) - Egypt’s Minister of Water Resources and Irrigation, Hani Sweilem, held a virtual meeting with Eric Mamer, Director-General for Environment at the European Commission, and EU Ambassador to Egypt, Angelina Eichhorst, to explore ways of strengthening cooperation under the EU-Egypt Water Partnership Declaration, signed in November 2023, the ministry announced. The discussions focused on ongoing and
- [Opinion | Western Recognition of Palestine: Britain, Canada, and Australia Redraw the Diplomatic Map](https://www.dailynewsegypt.com/2025/09/24/opinion-western-recognition-of-palestine-britain-canada-and-australia-redraw-the-diplomatic-map/) - The recognition of the State of Palestine on 21 September 2025 by Britain, Canada, and Australia represents one of the most significant diplomatic ruptures in the trajectory of the Arab–Israeli conflict. What took place was not simply a symbolic gesture but a structural reconfiguration of Western policy, whereby international law and the principle of self-determination
- [Opinion | Egypt–Spain Relations: A Strategic Partnership Strengthened by Madrid’s Support for Gaza](https://www.dailynewsegypt.com/2025/09/24/opinion-egypt-spain-relations-a-strategic-partnership-strengthened-by-madrids-support-for-gaza/) - From the very moment I set foot in the streets of Madrid recently, it was clear to me that relations between Egypt and Spain are passing through an exceptional moment—one in which economics intertwines with a political stance rooted in popular conscience. The visit of King Felipe VI to Cairo in September 2025, accompanied by
- [Stars speak, youth listen: Voices of inspiration at Hurghada Youth Film Festival](https://www.dailynewsegypt.com/2025/09/24/stars-speak-youth-listen-voices-of-inspiration-at-hurghada-youth-film-festival/) - Hurghada is preparing to raise the curtain on the new edition of the Hurghada Youth Film Festival, launching on 25 September 2025, amid growing anticipation from critics, audiences, and filmmakers alike. What began as a modest showcase for short films by aspiring directors has, in just a few years, transformed into a vital meeting ground—a
- [Al-Sisi, Kagame deepen bilateral ties, discuss Gaza crisis, African security](https://www.dailynewsegypt.com/2025/09/23/al-sisi-kagame-deepen-bilateral-ties-discuss-gaza-crisis-african-security/) - Egyptian President Abdel Fattah Al-Sisi on Tuesday received Rwandan President Paul Kagame at Cairo’s Ittihadiya Palace during an official state visit marked by full ceremonial honors, including national anthems, a horse guard, and a military salute. The visit underscored the deepening ties between Egypt and Rwanda, with bilateral and expanded talks held between both leaders
- [Al Ahly Sabbour 2025: A renewed vision, entrenched leadership](https://www.dailynewsegypt.com/2025/09/23/al-ahly-sabbour-2025-a-renewed-vision-entrenched-leadership/) - For more than three decades, Al Ahly Sabbour’s journey has gone beyond building real estate projects; it has been about creating holistic life experiences that embody excellence and leadership. The year 2025 stands as a living testimony to the success of the company’s advanced strategy, reflected in all its practices and project concepts, offering innovative
- [Egypt successfully manages summer water season, ensures adequate Nile flow, High Dam operations](https://www.dailynewsegypt.com/2025/09/23/egypt-successfully-manages-summer-water-season-ensures-adequate-nile-flow-high-dam-operations/) - Egypt has successfully secured its water needs for the summer 2025 irrigation season, despite growing environmental and resource-related challenges, according to Minister of Water Resources and Irrigation Hani Sweilem. In a statement issued Tuesday, the Ministry confirmed that effective management of Nile water flows and Aswan High Dam operations played a central role in meeting
- [MSMEDA strengthens ties with South Korea to boost SME development](https://www.dailynewsegypt.com/2025/09/23/msmeda-strengthens-ties-with-south-korea-to-boost-sme-development/) - As part of its ongoing efforts to build international partnerships that support the growth of Egypt’s small business sector, the CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), Bassel Rahmy, received Kim Yong-hyun, Ambassador of the Republic of Korea to Cairo. The meeting focused on enhancing bilateral cooperation to advance the SME
- [CBE hosts South African Reserve Bank delegation to showcase cutting-edge Banknote Printing, Cash Centre operations](https://www.dailynewsegypt.com/2025/09/23/cbe-hosts-south-african-reserve-bank-delegation-to-showcase-cutting-edge-banknote-printing-cash-centre-operations/) - The Central Bank of Egypt (CBE) recently hosted a high-level delegation from the South African Reserve Bank (SARB) for a three-day visit aimed at sharing expertise and showcasing Egypt’s pioneering achievements in banknote printing and cash management. The visit took place at the CBE’s state-of-the-art Banknote Printing House and Cash Centre, located in the New
- [Investment, finance ministers engage private sector on business readiness reforms](https://www.dailynewsegypt.com/2025/09/23/investment-finance-ministers-engage-private-sector-on-business-readiness-reforms/) - In a move to deepen collaboration with the private sector, Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, and Minister of Finance, Ahmed Kouchouk, held a consultative meeting with business community representatives to review the government's reform agenda under the Business Readiness Report, issued by the World Bank Group. Minister El-Khatib described the report
- [World enters harsh era as Gaza war escalates: Guterres](https://www.dailynewsegypt.com/2025/09/23/world-enters-harsh-era-as-gaza-war-escalates-guterres/) - UN Secretary-General António Guterres issued a stark warning to world leaders at the opening of the 80th session of the General Assembly, saying humanity is living through “a harsh era of reckless turmoil and unrelenting human suffering,” as the foundations of the international order collapse and the principles on which the UN was built 80
- [Cityscape 2025: Unlocking Egypt’s real estate potential](https://www.dailynewsegypt.com/2025/09/23/cityscape-2025-unlocking-egypts-real-estate-potential/) - As Egypt’s real estate sector faces rapid transformation, strong demand continues to intersect with financing challenges, urban expansion, and the rise of new investment models. At the forefront of this evolution is Cityscape 2025—positioned not just as a real estate exhibition, but as a strategic platform to drive dialogue, innovation, and investment. In this interview,
- [New investment models, tech disruption reshape Egypt’s real estate landscape](https://www.dailynewsegypt.com/2025/09/23/new-investment-models-tech-disruption-reshape-egypts-real-estate-landscape/) - Egypt’s real estate market is undergoing a critical transformation as it responds to rising housing demand, limited access to financing, and the emergence of new investment and ownership models. With strong population growth fueling demand, developers are adapting by introducing longer payment terms, innovative financing structures, and greater use of technology. At the same time,
- [N Developments unveils exclusive offers for Nest project at Cityscape Egypt 2025](https://www.dailynewsegypt.com/2025/09/23/n-developments-unveils-exclusive-offers-for-nest-project-at-cityscape-egypt-2025/) - N Developments has announced its participation in Cityscape Egypt 2025, where it will present a series of exclusive offers on units in its flagship residential project, Nest, located in Sixth Settlement, East Cairo. As part of its Cityscape promotions, the company is offering discounts of up to 25%, down payments starting from just 5%, and
- [Ora Developers unveils EGP 131bn investment plan, offers flexible ownership, premium services](https://www.dailynewsegypt.com/2025/09/23/ora-developers-unveils-egp-131bn-investment-plan-offers-flexible-ownership-premium-services/) - Ora Developers Egypt has announced an ambitious plan to invest EGP 131bn in construction and development over the next three to five years, according to CEO Haitham Abdelazim. “At Ora, our mission is to provide flexible ownership models, accessible financing solutions, and world-class after-sales service,” said Abdelazim. “This makes our projects highly attractive not only
- [MENA real estate leaders emphasize investment innovation, technological integration, and regional cooperation](https://www.dailynewsegypt.com/2025/09/23/mena-real-estate-leaders-emphasize-investment-innovation-technological-integration-and-regional-cooperation/) - Mohamed El-Taher, Chairperson of Saudi Egyptian Developers (SED), affirmed that Egypt’s real estate market continues to offer promising opportunities for new investments. He noted that SED has adopted a new investment approach aligned with the government’s evolving vision, providing developers with greater support and removing obstacles in areas such as materials procurement and administrative procedures,
- [Madaar Developments announces exclusive offers on its flagship projects at Cityscape Egypt 2025](https://www.dailynewsegypt.com/2025/09/23/madaar-developments-announces-exclusive-offers-on-its-flagship-projects-at-cityscape-egypt-2025/) - Madaar Developments has announced its participation in Cityscape Egypt 2025, taking place from 24 to 27 September, where it will showcase its diverse portfolio of projects across Cairo, the North Coast, and the Red Sea. This participation reflects the company’s strategy to reinforce its presence at the largest real estate events, creating direct engagement with
- [GAFI urges German firms to localise textile machinery technology in Egypt](https://www.dailynewsegypt.com/2025/09/23/gafi-urges-german-firms-to-localise-textile-machinery-technology-in-egypt/) - Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), has called on German companies to localise textile machinery technology in Egypt, leveraging the country’s increasingly attractive investment climate. Years of structural reforms and a comprehensive package of incentives—including the streamlined “golden licence,” tax and non-tax benefits, and tailored investment systems—have positioned
- [Communications Minister promotes expansion of US investments in Egypt’s digital outsourcing sector](https://www.dailynewsegypt.com/2025/09/23/communications-minister-promotes-expansion-of-us-investments-in-egypts-digital-outsourcing-sector/) - Amr Talaat, Egypt’s Minister of Communications and Information Technology, recently held a series of high-level meetings with senior executives of prominent US companies in New York. The discussions aimed at deepening US investments in Egypt’s outsourcing sector and enhancing collaboration in digital capacity-building. The meetings underscored Egypt’s position as an emerging global hub for cross-border
- [Egypt tightens controls on tourism in Dahab’s Abu Galoum reserve](https://www.dailynewsegypt.com/2025/09/23/egypt-tightens-controls-on-tourism-in-dahabs-abu-galoum-reserve/) - Egypt’s Acting Environment Minister and Local Development Minister Manal Awad said on Tuesday that stricter controls will be imposed on tourism activities in Abu Galoum Nature Reserve and the Blue Hole area in Dahab, South Sinai, to safeguard coral reefs and biodiversity. During an inspection tour with South Sinai Governor Khaled Mubarak and environmental
- [Reviving polyurethane foam: 'Hidden chemistry' reshapes materials without new additives](https://www.dailynewsegypt.com/2025/09/22/reviving-polyurethane-foam-hidden-chemistry-reshapes-materials-without-new-additives/) - The team found that heating and pressing polyurethane foam without adding new chemicals successfully turned it into thin, durable films.
- [Egypt and Turkey resume joint naval drills after 13-year hiatus](https://www.dailynewsegypt.com/2025/09/22/egypt-and-turkey-resume-joint-naval-drills-after-13-year-hiatus/) - Egypt and Turkey on Monday launched joint naval exercises in the eastern Mediterranean, resuming the drills for the first time in 13 years in a clear sign of developing relations and a shared goal of enhancing joint operational capabilities. The "Sea of Friendship" manoeuvres, which will run until 26 September, were announced by Turkey's Ministry
- [AstraZeneca launches new lupus treatment in Egypt](https://www.dailynewsegypt.com/2025/09/22/astrazeneca-launches-new-lupus-treatment-in-egypt/) - AstraZeneca Egypt announced on Monday the launch of “Saphnelo” (anifrolumab), a new treatment for moderate to severe systemic lupus erythematosus (SLE), marking the company’s first foray into autoimmune disease therapies. The announcement was made at a press conference in Cairo, attended by AstraZeneca executives alongside leading rheumatology and immunology experts. The launch reinforces AstraZeneca’s commitment
- [OCI Global, Orascom Construction plan strategic merger to create global infrastructure platform](https://www.dailynewsegypt.com/2025/09/22/oci-global-orascom-construction-plan-strategic-merger-to-create-global-infrastructure-platform/) - OCI Global and Orascom Construction PLC have announced plans to merge, creating a scalable infrastructure and investment platform anchored in Abu Dhabi with a global reach. The proposed merger (referred to as “the Combination”) would bring together Orascom Construction’s world-class execution capabilities—bolstered by a $14bn backlog—and OCI’s institutional investment expertise, capital discipline, and transactional track
- [Health Ministry delivers over 17,000 services for elderly patients on World Alzheimer’s Day](https://www.dailynewsegypt.com/2025/09/22/health-ministry-delivers-over-17000-services-for-elderly-patients-on-world-alzheimers-day/) - Egypt’s Health Ministry announced on Monday that it had provided 17,201 medical services through its geriatric psychiatry clinics, which operate within a nationwide network of 24 psychiatric hospitals and centres, to mark World Alzheimer’s Day on 21 September. As part of the occasion, awareness activities were organised at hospitals in Helwan, Abbassia, Tanta, Demira, and
- [At UN, Egypt's FM pushes for Gaza ceasefire, global finance reform](https://www.dailynewsegypt.com/2025/09/22/at-un-egypts-fm-pushes-for-gaza-ceasefire-global-finance-reform/) - Egypt's Foreign Minister Badr Abdelatty held a series of high-level meetings on the sidelines of the UN General Assembly, where he pushed for an immediate ceasefire in Gaza, urged reform of the global financial system, and addressed pressing regional crises from Sudan to Syria. The flurry of diplomatic activity in New York saw Abdelatty meet
- [Egypt's PM attends UN's 80th anniversary meeting in New York](https://www.dailynewsegypt.com/2025/09/22/egypts-pm-attends-uns-80th-anniversary-meeting-in-new-york/) - Egyptian Prime Minister Mostafa Madbouly on Monday participated in a high-level meeting at the UN General Assembly to commemorate the 80th anniversary of the founding of the United Nations. Madbouly, who is attending on behalf of President Abdel Fattah al-Sisi, took part in the event as part of the high-level segment of the 80th session
- [Wave of Palestine recognitions at UN summit as Israel threatens retaliation](https://www.dailynewsegypt.com/2025/09/22/wave-of-palestine-recognitions-at-un-summit-as-israel-threatens-retaliation/) - A growing number of countries, led by France, are moving to formally recognize the State of Palestine during a high-level United Nations summit in New York—drawing sharp condemnation from Israel, which warned that such moves could derail any chance of a peaceful resolution to the Gaza conflict and trigger harsh retaliatory steps, including the possible
- [Egypt's FM meets UN top officials on Gaza, Syria, refugees at UNGA](https://www.dailynewsegypt.com/2025/09/22/egypts-fm-meets-un-top-officials-on-gaza-syria-refugees-at-unga/) - Egyptian Foreign Minister Badr Abdelatty on Sunday held a series of high-level meetings with top UN officials on the sidelines of the UN General Assembly, focusing on the humanitarian crisis in Gaza, the refugee situation, and regional conflicts in Syria and Sudan. The minister met with UN High Commissioner for Refugees Filippo Grandi, World Food
- [Iran warns West to choose 'cooperation or confrontation' over nuclear deal](https://www.dailynewsegypt.com/2025/09/22/iran-warns-west-to-choose-cooperation-or-confrontation-over-nuclear-deal/) - Iranian Foreign Minister Abbas Araghchi said on Monday that Tehran would not respond to pressure over its nuclear activity and that the time had come for the West to choose between "cooperation or confrontation," as the potential return of European sanctions draws near. "We believe that diplomacy can solve the nuclear dispute with the West,"
- [Egypt’s agricultural exports surpass 7.2 million tonnes in 2025](https://www.dailynewsegypt.com/2025/09/22/egypts-agricultural-exports-surpass-7-2-million-tonnes-in-2025/) - Egypt’s agricultural exports have exceeded 7.2 million tonnes so far in 2025, marking an increase of more than 600,000 tonnes compared to the same period last year, Minister of Agriculture and Land Reclamation Alaa Farouk announced. The data was presented in an official report by Mohamed El-Mansi, Head of the Central Administration of Agricultural Quarantine
- [Egypt, UN discuss strengthening cooperation on food security, digital transformation](https://www.dailynewsegypt.com/2025/09/22/egypt-un-discuss-strengthening-cooperation-on-food-security-digital-transformation/) - As part of efforts to deepen international partnerships in alignment with national development priorities, Egypt’s Minister of Supply and Internal Trade, Sherif Farouk, met with Elena Panova, the United Nations Resident Coordinator in Egypt, to explore enhanced cooperation with UN agencies and programmes across key sectors including food security, digital transformation, and food quality. The
- [Egypt aims to boost textile exports despite rising global competition](https://www.dailynewsegypt.com/2025/09/22/egypt-aims-to-boost-textile-exports-despite-rising-global-competition/) - Egypt’s textile industry stands at a crossroads, balancing mounting cost pressures and fierce international competition with opportunities for growth in exports and investment, according to Mahmoud Ghazal, CEO of MGS Industry and a member of the Textile Industries Chamber. Ghazal emphasised that Egypt holds key advantages for attracting investment in the textile sector, including its
- [SCZONE welcomes Singapore’s President, explores prospects for strategic cooperation](https://www.dailynewsegypt.com/2025/09/22/sczone-welcomes-singapores-president-explores-prospects-for-strategic-cooperation/) - Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), received President Tharman Shanmugaratnam of Singapore and his accompanying high-level delegation on Monday at the Authority’s headquarters in Ain Sokhna, as part of the President’s official visit to Egypt. The Singaporean delegation included Masagos Zulkifli, Minister for Social and Family Development; Tan Kiat How,
- [Egypt's President Al-Sisi pardons activist Alaa Abdel Fattah, 5 others](https://www.dailynewsegypt.com/2025/09/22/egypts-president-al-sisi-pardons-activist-alaa-abdel-fattah-5-others/) - Egyptian President Abdel Fattah Al-Sisi on Monday pardoned several prisoners, including prominent Egyptian-British activist Alaa Abdel Fattah, who has been in prison since 2019. The president's decision came in response to a plea from the Egyptian National Council for Human Rights (NCHR), which had submitted a request about two weeks ago for the pardon of
- [Egypt to host men's, juniors' and ladies' open golf championships in October](https://www.dailynewsegypt.com/2025/09/22/egypt-to-host-mens-juniors-and-ladies-open-golf-championships-in-october/) - The first tournament is the 2025 Egyptian Men's Amateur Open Golf Championship, one of the oldest and most prestigious tournaments in the Middle East and Africa
- [Egypt rescues Palestinian boy pictured carrying brother from Gaza bombing](https://www.dailynewsegypt.com/2025/09/22/egypt-rescues-palestinian-boy-gaza/) - The Palestinian boy and his brother had been transferred to a tent in a camp run by the Egyptian committee and are receiving "full care and necessary support
- [Egypt's FM meets UN envoy for Syria, condemns Israeli violations](https://www.dailynewsegypt.com/2025/09/22/egypts-fm-meets-un-envoy-for-syria-condemns-israeli-violations/) - Abdelatty reiterated the fixed principles of Egypt's position, which is preserving the unity and territorial integrity of Syria and the security of its people
- [Egypt FM meets UN humanitarian chief, discusses Gaza aid obstacles](https://www.dailynewsegypt.com/2025/09/22/egypt-fm-meets-un-humanitarian-chief-discusses-gaza-aid-obstacles/) - Abdelatty offered condolences for the deaths of 377 humanitarian workers, most of whom were killed in Gaza in 2024, and stressed need for accountability
- [Egypt's Foreign Minister urges UNHCR for more refugee support](https://www.dailynewsegypt.com/2025/09/22/egypts-foreign-minister-urges-unhcr-for-more-refugee-support/) - He stressed growing burdens resulting from hosting refugees in Egypt and called on UNHCR to intensify efforts to bridge existing funding gaps
- [Egypt FM meets WFP Chief McCain at UNGA, discusses Gaza aid](https://www.dailynewsegypt.com/2025/09/22/egypt-fm-meets-wfp-mccain-at-unga-discusses-gaza-aid/) - Abdelatty expressed Egypt's appreciation for cooperation with WFP and affirmed the priority Egypt places on achieving food security in developing countries
- [Palestine Statehood Bid: Explaining International Recognition & Its Implications](https://www.dailynewsegypt.com/2025/09/22/palestine-statehood-explaining-international-recognition-implications/) - UK, Canada, Australia, and Portugal, recognised State of Palestine as France, Belgium, Luxembourg, Andorra, San Marino and Malta will join on Monday
- [Polish automotive delegation to visit Egypt in October to explore investment opportunities](https://www.dailynewsegypt.com/2025/09/21/polish-automotive-delegation-to-visit-egypt-in-october-to-explore-investment-opportunities/) - The Egyptian Commercial Service (ECS) in Warsaw, in cooperation with the Polish Investment and Trade Agency (PAIH) and the Polish Embassy in Cairo, recently organized a webinar to showcase investment opportunities in Egypt’s growing automotive supply industry. The event attracted participation from around 20 leading Polish companies, many of which are key suppliers to major
- [Egypt's new labour law regulates recruitment agencies, aligns with global standards](https://www.dailynewsegypt.com/2025/09/21/egypts-new-labour-law-regulates-recruitment-agencies-aligns-with-global-standards/) - Egypt's new labour law regulates the role of recruitment agencies and aligns with international standards to protect Egyptian workers abroad, the minister of labour said on Sunday. Speaking at a roundtable discussion on "fair recruitment," Minister Mohamed Goubran said the new law, No. 14 of 2025, provides an opportunity to clarify its key provisions, particularly
- [Holding Company for Roads completes EGP 11.5bn infrastructure projects](https://www.dailynewsegypt.com/2025/09/21/holding-company-for-roads-completes-egp-11-5bn-infrastructure-projects/) - The Holding Company for Roads, Bridges, and Land Transportation Projects announced the successful completion of infrastructure projects valued at EGP 11.5bn during the past fiscal year. The projects spanned railway upgrades, high-speed rail systems, Nile corridor developments, and port infrastructure. This milestone underscores the company’s pivotal role in executing Egypt’s national transportation and infrastructure strategy,
- [Egypt, Singapore explore strategic cooperation in investment, digital transformation](https://www.dailynewsegypt.com/2025/09/21/egypt-singapore-explore-strategic-cooperation-in-investment-digital-transformation/) - Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, held a high-level bilateral meeting with Singaporean President Tharman Shanmugaratnam, on the sidelines of the Egypt–Singapore Business Forum, to discuss prospects for deepening strategic cooperation between the two countries. Minister El-Khatib emphasized that Egypt–Singapore relations hold untapped strategic potential, extending beyond current achievements. He highlighted Egypt’s
- [Egypt's Electricity Minister discusses 2,000 MW wind project with UAE's Alcazar](https://www.dailynewsegypt.com/2025/09/21/egypts-electricity-minister-discusses-2000-mw-wind-project-with-uaes-alcazar/) - Egypt's Minister of Electricity and Renewable Energy, Mahmoud Essmat, has met with officials from the UAE-based company Alcazar Energy to discuss enhancing cooperation and increasing investment in renewable energy, the ministry said. The meeting focused on the latest developments in the implementation of a 2,000-megawatt (MW) wind energy project being carried out by Alcazar. The
- [Egypt hosts Singapore’s senior minister of state for health to enhance medical cooperation](https://www.dailynewsegypt.com/2025/09/21/egypt-hosts-singapores-senior-minister-of-state-for-health-to-enhance-medical-cooperation/) - Egypt’s Ministry of Health welcomed Singapore’s Senior Minister of State for Health, Tan Kiat How, and his accompanying delegation for an official visit to the Nasser Institute for Research and Treatment in Cairo, held from September 20 to 22, 2025, as part of broader efforts to deepen international collaboration in healthcare. According to Health Ministry
- [Egyptian-Singaporean Business Forum held in Cairo to boost investment](https://www.dailynewsegypt.com/2025/09/21/egyptian-singaporean-business-forum-held-in-cairo-to-boost-investment/) - Egypt and Singapore on Sunday signed a series of strategic agreements and memoranda of understanding covering investment, education, and capacity building, aimed at opening new horizons for economic cooperation between the two countries. The signings took place at the Egyptian-Singaporean Business Forum in Cairo. "The economic relations between Egypt and Singapore hold great potential that
- [Egypt disburses first 50% of overdue export subsidies through four banks: Finance Minister](https://www.dailynewsegypt.com/2025/09/21/egypt-disburses-first-50-of-overdue-export-subsidies-through-four-banks-finance-minister/) - Minister of Finance Ahmed Kouchouk announced the successful disbursement of the first 50% of overdue export subsidies under the new Cabinet-approved mechanism for settling overdue receivables owed to exporters by the Export Development Fund (EDF). This tranche covers export shipments made up to the end of June 2024. A total of 601 exporting companies received
- [UK, Canada, and Australia recognize state of Palestine amid escalating Gaza conflict](https://www.dailynewsegypt.com/2025/09/21/uk-canada-and-australia-recognize-state-of-palestine-amid-escalating-gaza-conflict/) - The United Kingdom, Canada, and Australia formally recognized the State of Palestine on Sunday, with Portugal expected to follow suit later in the day. This move comes despite intense pressure from the United States and Israel, and just days before the United Nations General Assembly convenes in New York, with participation from over 140 heads
- [Egypt explores cooperation with China’s Ningbo Pathology Center on AI-powered digital diagnostics](https://www.dailynewsegypt.com/2025/09/21/egypt-explores-cooperation-with-chinas-ningbo-pathology-center-on-ai-powered-digital-diagnostics/) - Egypt’s Health Minister and Deputy Prime Minister, Khaled Abdel Ghaffar, met with representatives from China’s Ningbo Clinical Pathology Diagnostic Center to discuss potential collaboration in the fields of digital diagnostics and artificial intelligence (AI), according to the Health Ministry. The discussions took place on the sidelines of the Huawei Connect 2025 conference in Shanghai,
- [Gold prices climb EGP 70 in one week on weaker dollar, Fed easing signals: iSagha](https://www.dailynewsegypt.com/2025/09/21/gold-prices-climb-egp-70-in-one-week-on-weaker-dollar-fed-easing-signals-isagha/) - Gold prices posted significant gains in both the Egyptian and global markets last week, rising by 1.4% locally and 1.2% internationally, according to a report by online precious metals platform iSagha. The increase was driven by a weakening US dollar, signs of continued monetary easing by the Federal Reserve, and escalating geopolitical tensions. Said Embaby,
- [Unilever Egypt, Egyptian Food Bank launch water stewardship project in Matrouh](https://www.dailynewsegypt.com/2025/09/21/unilever-egypt-egyptian-food-bank-launch-water-stewardship-project-in-matrouh/) - Unilever Egypt, in partnership with the Egyptian Food Bank (EFB), has launched a sustainable agricultural water efficiency project in the Moghra Aquifer region of Matrouh Governorate, the first programme of its kind by the company in Egypt. The 12-month project, fully funded by Unilever and implemented by the EFB, aims to conserve water resources and
- [Catalyst secures EGP 600m in new bank financing](https://www.dailynewsegypt.com/2025/09/21/catalyst-secures-egp-600m-in-new-bank-financing/) - Catalyst Leasing and Factoring, a subsidiary of Catalyst Partners Middle East, has successfully secured new banking facilities totaling EGP 600m from prominent lenders Abu Dhabi Commercial Bank – Egypt, Suez Canal Bank, and the National Bank of Egypt. The company aims to raise its total financing facilities to EGP 1.2bn by the end of the
- [Egypt, Pakistan discuss enhanced cooperation in defence, civilian manufacturing](https://www.dailynewsegypt.com/2025/09/21/egypt-pakistan-discuss-enhanced-cooperation-in-defence-civilian-manufacturing/) - Mohamed Salah El-Din Mostafa, Minister of State for Military Production, met with Aamer Shaukat, Pakistan’s Ambassador to Cairo, to discuss ways to deepen bilateral cooperation across various defence and civilian manufacturing sectors. During the meeting, Minister Salah highlighted the longstanding and steadily growing relations between Egypt and Pakistan, reinforced by the strong support of both
- [ETA accelerates development of 2nd tax facilitation package, prepares community dialogue for implementation: Chief](https://www.dailynewsegypt.com/2025/09/21/eta-accelerates-development-of-2nd-tax-facilitation-package-prepares-community-dialogue-for-implementation-chief/) - Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced that the ETA is working diligently to finalize the second package of tax facilitations, in line with directives from the Minister of Finance. The preliminary framework for the package was recently presented during a meeting with the Prime Minister, and specialized working groups are
- [Jadeer Group, IHG Hotels & Resorts announce Hotel Indigo debut in New Cairo](https://www.dailynewsegypt.com/2025/09/21/jadeer-group-ihg-hotels-resorts-announce-hotel-indigo-debut-in-new-cairo/) - IHG Hotels & Resorts has signed a management agreement with Jadeer Group to open a new Hotel Indigo in New Cairo. Scheduled to open in 2031, the 120-room Hotel Indigo New Cairo will be part of Red (G)—a dynamic mixed-use development featuring residential, retail, and hospitality components. Hotel Indigo, a brand under the IHG portfolio,
- [Amer Group secures license to launch EGP 5bn 'Polotano' phase at Porto Sokhna](https://www.dailynewsegypt.com/2025/09/21/amer-group-secures-license-to-launch-egp-5bn-polotano-phase-at-porto-sokhna/) - Amer Holding Group (Amer Group) has announced that its subsidiary, Tropi 2 for Development, has obtained a licence from Egypt’s General Authority for Tourism Development to launch a new phase of the Porto Sokhna project, named Polotano, with estimated investments exceeding EGP 5bn. The Polotano phase will introduce 2,086 mixed-use units—both residential and commercial—serving as
- [Wujha Development launches Uptown Muscat, Central 7 in Knowledge Oasis](https://www.dailynewsegypt.com/2025/09/21/wujha-development-launches-uptown-muscat-central-7-in-knowledge-oasis/) - Wujha Development has unveiled two new projects—Uptown Muscat and Central 7—within Knowledge Oasis Muscat (KOM), reinforcing its continued presence in Oman’s dynamic real estate sector. These mixed-use developments are designed to integrate residential, commercial, and leisure components, in line with the region’s growing emphasis on integrated urban planning. The launch comes at a time when
- [ALJAR Developments nears completion of Aljar Sheraton, confirms Cityscape Egypt participation](https://www.dailynewsegypt.com/2025/09/21/aljar-developments-nears-completion-of-aljar-sheraton-confirms-cityscape-egypt-participation/) - ALJAR Developments has confirmed its participation in Cityscape Egypt 2025, where it will showcase its flagship projects—Aljar Sheraton and Aljar British District (JBD)—with exclusive offers and competitive payment plans. Managing Director Wasim Taha announced that the first phase of Aljar Sheraton in East Cairo has been fully delivered. It features 160 luxury serviced units, all
- [Menassat Developments expands portfolio to EGP 50bn, targets prime locations for new projects](https://www.dailynewsegypt.com/2025/09/21/menassat-developments-expands-portfolio-to-egp-50bn-targets-prime-locations-for-new-projects/) - Menassat Developments has announced a major expansion of its footprint in the Egyptian real estate market, with its investment portfolio now valued between EGP 40-50bn. Backed by a seasoned Board of Directors with extensive industry expertise, the company currently manages and develops over 160 projects across Egypt. Chairperson Ahmed Amin Massoud revealed that Menassat is
- [IGI Developments signs EGP 1.8bn construction contracts to advance project deliveries by 2025-end](https://www.dailynewsegypt.com/2025/09/21/igi-developments-signs-egp-1-8bn-construction-contracts-to-advance-project-deliveries-by-2025-end/) - IGI Developments, a leading real estate company in Egypt, has signed construction contracts valued at EGP 1.8bn to accelerate the delivery of nearly 1,000 residential units across its ongoing projects by the end of 2025. The contracts were awarded to a number of prominent contractors, including Grid, Ginza, and Mydo, reinforcing the company’s commitment to
- [Egypt’s real estate developers propose strategic reforms to boost sector stability, growth](https://www.dailynewsegypt.com/2025/09/21/egypts-real-estate-developers-propose-strategic-reforms-to-boost-sector-stability-growth/) - Several of Egypt’s leading real estate developers have put forward a comprehensive set of recommendations aimed at addressing current market challenges and setting a clearer, more sustainable path for sector growth. The proposals were presented during a press conference held last week, underscoring the private sector’s call for a more collaborative and transparent partnership with
- [Egypt's Al-Sisi sends contentious criminal procedures bill back to parliament](https://www.dailynewsegypt.com/2025/09/21/egypts-al-sisi-sends-contentious-criminal-procedures-bill-back-to-parliament/) - Egyptian President Abdel Fattah Al-Sisi has sent a contentious new criminal procedures bill back to parliament to address objections to several of its articles, his office said in a statement on Monday. The president's office said the bill, which was passed by parliament and sent for ratification on Aug. 26, was returned after numerous appeals
- [Schneider Electric Launches New Power Solutions at “Secure Power Innovation Day”](https://www.dailynewsegypt.com/2025/09/21/schneider-electric-launches-new-power-solutions-at-secure-power-innovation-day/) - Schneider Electric, the global leader in the digital transformation of energy management and automation, has unveiled a suite of innovative solutions aimed at enhancing energy efficiency and accelerating digital transformation in Egypt. The company hosted its “Secure Power Innovation Day,” bringing together experts, clients, and partners to discuss the future of secure power, data centers,
- [Egyptian BRI seminar participants visit Yunnan Baiyao pharmaceutical company in Kunming](https://www.dailynewsegypt.com/2025/09/21/egyptian-bri-seminar-participants-visit-yunnan-baiyao-pharmaceutical-company-in-kunming/) - Fujian, China – Participants from Egypt in the Belt and Road Initiative (BRI) seminar continued their programme in China with a visit to Yunnan Baiyao, the country’s flagship traditional medicine and pharmaceutical company, headquartered in Kunming. The visit came after the group had earlier toured shipbuilding facilities in Fujian province as part of their wider
- [Egypt explores smart healthcare cooperation with Huawei, Shanghai’s Renji Hospital](https://www.dailynewsegypt.com/2025/09/20/egypt-explores-smart-healthcare-cooperation-with-huawei-shanghais-renji-hospital/) - Egypt’s Deputy Prime Minister and Minister of Health, Khaled Abdel Ghaffar, held discussions with officials from Huawei and Shanghai’s Renji Smart Hospital on advancing cooperation in medical technology and artificial intelligence (AI) during his participation in the “Huawei Connect 2025” conference in China from 18 to 20 September. Health Ministry spokesperson Hossam Abdel Ghaffar said
- [Madbouly inaugurates new industrial projects in Qantara West Industrial Zone](https://www.dailynewsegypt.com/2025/09/20/madbouly-inaugurates-new-industrial-projects-in-qantara-west-industrial-zone/) - Prime Minister Mostafa Madbouly on Saturday inaugurated a wide range of development and industrial projects in the Qantara West Industrial Zone, part of the Suez Canal Economic Zone (SCZONE). The ceremony marked another milestone in Egypt’s ongoing efforts to attract foreign investment, strengthen local industry, and build modern infrastructure capable of supporting the country’s economic
- [Netanyahu urges US pressure on Egypt regarding “military buildup in Sinai”](https://www.dailynewsegypt.com/2025/09/20/netanyahu-urges-us-pressure-on-egypt-regarding-military-buildup-in-sinai/) - Israeli Prime Minister Benjamin Netanyahu asked the US administration to pressure Egypt to scale back what he described as a military buildup in the Sinai Peninsula during his meeting in Jerusalem on Monday with US Secretary of State Marco Rubio, according to the US news site Axios. Netanyahu presented a list of what he called
- [Egypt-Singapore trade exchange hits $137m in H1 2025: CAPMAS](https://www.dailynewsegypt.com/2025/09/20/egypt-singapore-trade-exchange-hits-137m-in-h1-2025-capmas/) - The Central Agency for Public Mobilisation and Statistics (CAPMAS) reported that trade exchange between Egypt and Singapore reached $137m during the first half (H1) of 2025, compared to $316.9m in the same period of 2024. The announcement coincided with President Abdel Fattah Al-Sisi’s meeting with Singaporean President Tharman Shanmugaratnam on Saturday, where discussions focused on
- [Egypt's Al Ismaelia wins heritage award for Downtown Cairo revival](https://www.dailynewsegypt.com/2025/09/20/egypts-al-ismaelia-wins-heritage-award-for-downtown-cairo-revival/) - Egyptian developer Al Ismaelia for Real Estate Investment has won the 2025 Best Practices in Architectural and Urban Heritage Conservation award for its long-standing work in revitalising historic Downtown Cairo, the company announced on Wednesday. The award was presented under the patronage of Egypt's Minister of Culture, Ahmed Fouad Hanno, and supervised by the National
- [Egypt, Italy explore cooperation on economic empowerment, productive families project](https://www.dailynewsegypt.com/2025/09/20/egypt-italy-explore-cooperation-on-economic-empowerment-productive-families-project/) - Maya Morsy, Minister of Social Solidarity, met on Saturday with Michele Quaroni, Italy’s Ambassador to Cairo, and his accompanying delegation to discuss strengthening bilateral cooperation across areas of mutual interest. The talks focused on collaboration in the field of economic empowerment, particularly the “Productive Families” project, a key priority in the ministry’s strategy for its
- [Cyberattack hits check-in systems, disrupts flights at major European airports](https://www.dailynewsegypt.com/2025/09/20/cyberattack-hits-check-in-systems-disrupts-flights-at-major-european-airports/) - Brussels Airport announced on Friday evening that it had been affected by a cyberattack that had disrupted its check-in and boarding services
- [Alcazar Energy explores expanding renewable energy cooperation in Egypt](https://www.dailynewsegypt.com/2025/09/20/alcazar-energy-explores-expanding-renewable-energy-cooperation-in-egypt/) - Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, met with Daniel Calderon, Founder of Alcazar Energy, to discuss opportunities for expanding cooperation in the renewable energy sector and review the company’s future plans in the Egyptian market. El-Khatib stressed that the Egyptian government has enacted a series of legislative and procedural reforms to enhance
- [Egypt to establish first integrated natural silk production centre in New Valley](https://www.dailynewsegypt.com/2025/09/20/egypt-to-establish-first-integrated-natural-silk-production-centre-in-new-valley/) - Egypt is moving forward with a landmark initiative to localise natural silk production, as senior officials witnessed on Saturday the signing of a cooperation protocol to establish the country’s first integrated silk production centre in El Kharga, New Valley. The project will span 250 feddans, making it the nucleus of Egypt’s silk localisation programme. The
- [Egyptian, Singaporean presidents oversee signing of 7 cooperation agreements](https://www.dailynewsegypt.com/2025/09/20/egyptian-singaporean-presidents-oversee-signing-of-7-cooperation-agreements/) - Egyptian President Abdel Fattah Al-Sisi and his Singaporean counterpart, Tharman Shanmugaratnam, on Saturday witnessed the signing of seven memoranda of understanding aimed at strengthening and broadening the relationship between the two countries. The agreements, signed during Shanmugaratnam's state visit to Cairo, cover a wide range of areas, including agriculture, health, maritime transport, social protection, support
- [Russians complete world’s first North Pole ultramarathon](https://www.dailynewsegypt.com/2025/09/20/russians-complete-worlds-first-north-pole-ultramarathon/) - The athletes, Vladimir Voloshin and Radmir Bikmetov, completed the North Pole race on the deck of the nuclear icebreaker "50 Years of Victory."
- [Banks’ financial position in Egypt surges to EGP 24.023trn in June 2025: CBE](https://www.dailynewsegypt.com/2025/09/20/banks-financial-position-in-egypt-surges-to-egp-24-023trn-in-june-2025-cbe/) - The Central Bank of Egypt (CBE) announced that the aggregate financial position of banks operating in the domestic market, excluding the CBE itself, reached EGP 24.023trn in June 2025, compared to EGP 22.673trn in March. This EGP 1.35trn surge in just three months underscores not only the resilience of Egypt’s banking sector but also its capacity
- [Russia's Bolshoi Theatre opens 250th anniversary season](https://www.dailynewsegypt.com/2025/09/20/russias-bolshoi-theatre-opens-250th-anniversary-season/) - Russia's Bolshoi Theatre concert's playbill included titles such as "Sleeping Beauty," "Iolanta," "The Nutcracker," and "Swan Lake."
- [More than 70 killed in RSF drone attack on mosque in Sudan's besieged El Fasher](https://www.dailynewsegypt.com/2025/09/20/more-than-70-killed-in-rsf-drone-attack-on-mosque-in-sudans-besieged-el-fasher/) - A drone strike on a mosque killed more than 70 people during morning prayers in the besieged city of El Fasher, the capital of North Darfur state, at dawn on Friday, local authorities said, in one of the deadliest single attacks the city has seen since the conflict began. Local authorities accused the Rapid Support
- [As US warships patrol near Venezuela, it exposes Latin American divisions](https://www.dailynewsegypt.com/2025/09/20/as-us-warships-patrol-near-venezuela-it-exposes-latin-american-divisions/) - The deployment of at least seven US warships and a nuclear-powered submarine to the southern Caribbean near Venezuela's coast has thrown a stark light on the widening divisions across Latin America, alongside the apparent unwillingness of other regional powers to support President Nicolás Maduro's government in its standoff with the United States. In line with
- [SCO summit concludes with focus on development bank, global governance](https://www.dailynewsegypt.com/2025/09/18/sco-summit-concludes-with-focus-on-development-bank-global-governance/) - The SCO Summit brought together over 20 heads of state and 10 representatives of international organisations for a series of general and bilateral meetings.
- [Moscow hosts BRICS+ Fashion Summit with over 100 countries participating](https://www.dailynewsegypt.com/2025/09/18/moscow-hosts-brics-fashion-summit-with-over-100-countries-participating/) - BRICS+ Fashion Summit explored various topics through "language of fashion," fostering dialogue and collaboration among international participants.
- [BRI seminar participants from Egypt inspect shipbuilding industry in Fujian](https://www.dailynewsegypt.com/2025/09/18/bri-seminar-participants-from-egypt-inspect-shipbuilding-industry-in-fujian/) - Fujian, China – The Egyptian delegation taking part in the Belt and Road Initiative (BRI) seminar in Fujian Province paid a visit this week to the Fujian Boyang Shipbuilding Industry Co. Ltd, where they toured the company’s dockyard and examined the shipbuilding and maritime services operations that form a vital part of China’s industrial economy.
- [Saudi Arabia, Pakistan sign strategic mutual defence agreement](https://www.dailynewsegypt.com/2025/09/18/saudi-arabia-pakistan-sign-strategic-mutual-defence-agreement/) - The agreement aims to develop aspects of defense cooperation between Saudi Arabia and Pakistan and strengthen joint deterrence against any aggression
- [DP World, Elsewedy to develop EGP 1.42bn cold storage facility in 6th of October City](https://www.dailynewsegypt.com/2025/09/17/dp-world-elsewedy-to-develop-egp-1-42bn-cold-storage-facility-in-6th-of-october-city/) - DP World Egypt has signed an agreement with Elsewedy Industrial Development to build a cutting-edge cold storage facility in Al Oula Industrial City, located in 6th of October City. The project aims to enhance Egypt’s cold chain logistics infrastructure—preserving food quality, reducing waste, and empowering exporters and manufacturers to better compete in global markets. Valued
- [Egypt, EBRD discuss strategies to boost investment, foreign trade](https://www.dailynewsegypt.com/2025/09/17/egypt-ebrd-discuss-strategies-to-boost-investment-foreign-trade/) - Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade, met with a delegation from the European Bank for Reconstruction and Development (EBRD) to explore ways to strengthen the country’s investment climate and review the bank’s ongoing support for Egypt’s economic development. The discussions centred on the government’s privatisation strategy and improving corporate governance to encourage
- [Al-Wazir launches EGP 3bn electric bus production line in Sharqeya for export to Europe](https://www.dailynewsegypt.com/2025/09/17/al-wazir-launches-egp-3bn-electric-bus-production-line-in-sharqeya-for-export-to-europe/) - Deputy Prime Minister and Minister of Industry and Transport, Kamel Al-Wazir, inaugurated a new EGP 3bn electric bus production line at the MCV complex in New Salhia, Sharqeya. The project, established in partnership with Volvo Buses, has an annual production capacity of 1,200 electric buses, all intended for export to European markets. It is expected
- [Egyptian study maps dengue-carrying mosquito in El-Quseir, urges focused action in urban hotspots](https://www.dailynewsegypt.com/2025/09/17/egyptian-study-maps-dengue-carrying-mosquito-in-el-quseir-urges-focused-action-in-urban-hotspots/) - A new Egyptian study has mapped the spread and breeding grounds of Aedes aegypti—the mosquito responsible for transmitting dengue fever—in the Red Sea city of El-Quseir, raising concern for urban areas most at risk. Published in The Egyptian Journal of Remote Sensing and Space Sciences, the study combines satellite data with field surveys to guide
- [Global pressure mounts on Israel as Gaza death toll surges, war deepens](https://www.dailynewsegypt.com/2025/09/17/global-pressure-mounts-on-israel-as-gaza-death-toll-surges-war-deepens/) - The death toll in Gaza continues to climb as Israel’s military campaign enters its second year, drawing intensifying international condemnation and renewed calls for sanctions, boycotts, and urgent humanitarian intervention. The Gaza Health Ministry reported on Wednesday that 98 people were killed and 385 wounded in the past 24 hours alone. Since the war began
- [Egypt–Spain trade hits $1.5bn in H1 2025: CAPMAS](https://www.dailynewsegypt.com/2025/09/17/egypt-spain-trade-hits-1-5bn-in-h1-2025-capmas/) - Trade exchange between Egypt and Spain reached $1.5bn during the first half of 2025, slightly down from $1.6bn recorded during the same period in 2024, according to data released by Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS). The announcement coincided with the visit of King Felipe VI of Spain to Egypt. Egyptian exports
- [Irrigation Minister highlights Egypt’s water challenges, innovation efforts at DAAD centenary celebration](https://www.dailynewsegypt.com/2025/09/17/irrigation-minister-highlights-egypts-water-challenges-innovation-efforts-at-daad-centenary-celebration/) - Hani Sweilem, Egypt’s Minister of Water Resources and Irrigation, attended the centenary celebration of the German Academic Exchange Service (DAAD) on Wednesday, where he was joined by DAAD President Joybrato Mukherjee, Cairo Regional Office Director Wibke Bachmann, and German Deputy Ambassador Andreas Fiedler. During the event, Sweilem congratulated DAAD on its 100 years of fostering
- [Egypt discusses strengthening agricultural ties, investment opportunities with Indian delegation](https://www.dailynewsegypt.com/2025/09/17/egypt-discusses-strengthening-agricultural-ties-investment-opportunities-with-indian-delegation/) - Alaa Farouk, Egypt’s Minister of Agriculture and Land Reclamation, met with Suresh Reddy, India’s Ambassador to Cairo, and a high-level delegation from leading Indian agricultural companies to discuss ways to strengthen bilateral cooperation and foster joint investments in Egypt’s agricultural sector. The meeting, which also included Mostafa El-Sayyad, Deputy Minister of Agriculture, Abdel Hamid Demerdash,
- [Egypt targets 7.7% AI contribution to GDP by 2030: Communications Minister](https://www.dailynewsegypt.com/2025/09/17/egypt-targets-7-7-ai-contribution-to-gdp-by-2030-communications-minister/) - Amr Talaat, Egypt’s Minister of Communications and Information Technology, revealed ambitious plans to boost Artificial Intelligence's (AI) share of the nation's GDP to 7.7% by 2030. The announcement was made during the annual celebration of the Egyptian Information Telecommunications, Electronics & Software Alliance (EITESAL). Talaat highlighted that Egypt’s National AI Strategy is built around several
- [Al-Sisi welcomes Spain’s monarch in historic first visit, with Gaza, regional peace in focus](https://www.dailynewsegypt.com/2025/09/17/al-sisi-welcomes-spains-monarch-in-historic-first-visit-with-gaza-regional-peace-in-focus/) - Egyptian President Abdel Fattah Al-Sisi and First Lady Entissar Al-Sisi welcomed Spain’s King Felipe VI and Queen Letizia on Wednesday at Cairo’s Ittihadiya Palace, marking the first-ever state visit by a Spanish monarch to Egypt. According to presidential spokesperson Mohamed El-Shenawy, the official reception included national anthems, a 21-gun salute, a military honor guard, and
- [Emirates NBD Egypt, Talaat Mostafa Group launch co-branded Mastercard credit cards](https://www.dailynewsegypt.com/2025/09/17/emirates-nbd-egypt-talaat-mostafa-group-launch-co-branded-mastercard-credit-cards/) - Emirates NBD Egypt has partnered with Talaat Mostafa Group (TMG) to launch a new range of co-branded Mastercard credit cards, designed to serve the financial needs of residents within TMG’s integrated urban communities and beyond. The collaboration combines Mastercard’s secure digital payment technologies with Emirates NBD Egypt’s banking expertise to provide customers with a seamless
- [A sincere song never dies: Saber Rebai](https://www.dailynewsegypt.com/2025/09/17/a-sincere-song-never-dies-saber-rebai/) - From Tunisia to Egypt, Lebanon, Morocco, and Iraq, star singer Saber Rebai has spent the summer of 2025 reaffirming his place as one of the pillars of contemporary Arabic music. His schedule has been packed with major concerts, from opening the Hammamet International Festival to shining at Morocco’s Mawazine Festival, followed by performances in Erbil, Egypt’s
- [Central Bank of Egypt governor stresses need for boosting domestic production to curb inflation](https://www.dailynewsegypt.com/2025/09/17/central-bank-of-egypt-governor-stresses-need-for-boosting-domestic-production-to-curb-inflation/) - The Governor of the Central Bank of Egypt (CBE), Hassan Abdalla, is participating on Wednesday in the 49th Annual Meeting of the Council of Arab Central Banks and Monetary Authorities’ Governors, hosted by Tunisia. The event is attended by governors of Arab central banks and representatives from regional and international financial institutions. "I am honoured
- [Egypt's PM says Gaza war dominating political scene, vows to continue economic reform](https://www.dailynewsegypt.com/2025/09/17/egypts-pm-says-gaza-war-dominating-political-scene-vows-to-continue-economic-reform/) - Egyptian Prime Minister Mostafa Madbouly said on Wednesday that current events in the region are dominating the political scene and that the government is moving forward with its economic reform programme while navigating these challenges. Speaking at the weekly cabinet meeting, Madbouly referred to a recent meeting he held with Egyptian newspaper and website editors-in-chief,
- [El Gouna Film Festival's 8th edition to coincide with UN's 80th anniversary](https://www.dailynewsegypt.com/2025/09/17/el-gouna-film-festivals-8th-edition-to-coincide-with-uns-80th-anniversary/) - The eighth edition of the El Gouna Film Festival (GFF) will coincide with the 80th anniversary of the United Nations, highlighting development issues through a partnership with the U.N. in Egypt, organisers announced at a press conference on Wednesday. Speaking at the event, Egypt's Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, praised
- [Cairo governor briefs PM on Khan el-Khalili, Rameses Square development](https://www.dailynewsegypt.com/2025/09/17/cairo-governor-briefs-pm-on-khan-el-khalili-rameses-square-development/) - Egyptian Prime Minister Mostafa Madbouly on Wednesday met with the Governor of Cairo, Ibrahim Saber, to review the executive status of a number of ongoing development projects in the capital and to push for their timely completion. During the meeting, the governor presented a report titled "Cairo: Planning, Development, Enhancement," which outlined the governorate's vision
- [Ariston Brings Italian Excellence to Egypt with Locally Produced Water Heaters](https://www.dailynewsegypt.com/2025/09/16/ariston-brings-italian-excellence-to-egypt-with-locally-produced-water-heaters/) - Ariston, the global leader in water heating and home comfort solutions, has officially launched its locally produced range of water heaters from its new state-of-the-art facility in 6th of October City, Giza. The inauguration event was attended by Umberto Crovella, Executive Vice President for the Middle East, Africa, and Asia at Ariston Group; Emmanuel Giomi,
- [Best Coursework Writing Services That Deliver Fast, Human-Written Help When You Need It Most](https://www.dailynewsegypt.com/2025/09/15/best-coursework-writing-services-that-deliver-fast-human-written-help-when-you-need-it-most/) - Looking for the best UAE coursework writing service that lives up to its promises? This in-depth review breaks down five trusted platforms: EssayService, WritePapers, WriteMyEssay, EssayHub, and EssayPro. Each is known for fast delivery, original content, and professional support. Whether you're racing a tight deadline or simply want polished, plagiarism-free coursework, these services offer
- [Best Dissertation Writing Services In UAE](https://www.dailynewsegypt.com/2025/09/15/best-dissertation-writing-services-in-uae/) - EssayService, EssayHub, DoMyEssay, WriteMyEssay.com, and WriteMy.com each offer unique features and benefits
- [5 Best Research Paper Writing Services in Abu Dhabi in 2025](https://www.dailynewsegypt.com/2025/09/15/5-best-research-paper-writing-services-in-abu-dhabi-in-2025/) - Discover the best research paper writing services in Abu Dhabi.
- [Egypt's SCZONE showcases investment opportunities to US ambassador, companies](https://www.dailynewsegypt.com/2025/09/16/egypts-sczone-showcases-investment-opportunities-to-us-ambassador-companies/) - The head of the Suez Canal Economic Zone (SCZONE) has met with the US ambassador to Cairo and a delegation from major American companies to showcase investment opportunities, particularly in port development, logistics, new energy, and infrastructure. Walid Gamal El-Din, chairperson of the SCZONE General Authority, met on Wednesday with Ambassador Herro Mustafa Garg and
- [Egypt condemns Israeli offensive in Gaza City, warns of grave regional consequences](https://www.dailynewsegypt.com/2025/09/16/egypt-condemns-israeli-offensive-in-gaza-city-warns-of-grave-regional-consequences/) - Egypt on Tuesday strongly condemned Israel’s latest military operation in Gaza City, calling it a dangerous escalation and a blatant violation of international humanitarian law. The Egyptian Foreign Ministry warned that the assault could have far-reaching consequences for the Palestinian territories and the wider region. In a statement, the ministry said Israel’s “reckless policies” risk
- [Egypt expands medical, humanitarian support for Gaza patients](https://www.dailynewsegypt.com/2025/09/16/egypt-expands-medical-humanitarian-support-for-gaza-patients/) - Egypt’s Health Minister Khaled Abdel Ghaffar chaired a high-level meeting on Tuesday of the national committee for health and social support to Gaza’s wounded and ill, alongside the ministers of youth, social solidarity, and housing, to assess and enhance ongoing medical and humanitarian aid efforts. Since November 2023, 172 Egyptian hospitals have treated 7,277 Palestinian
- [MSMEDA plans to establish permanent African markets for Egyptian SMEs: Rahmy](https://www.dailynewsegypt.com/2025/09/16/msmeda-plans-to-establish-permanent-african-markets-for-egyptian-smes-rahmy/) - Bassel Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), announced that the agency is working on a strategic plan to establish permanent African markets for products made by Egyptian micro, small, and medium enterprises (MSMEs). The initiative aims to expand trade ties across the continent while helping Egyptian entrepreneurs tap into
- [Finance Ministry presents three new investor facilitation packages to PM to boost investment climate](https://www.dailynewsegypt.com/2025/09/16/finance-ministry-presents-three-new-investor-facilitation-packages-to-pm-to-boost-investment-climate/) - Minister of Finance Ahmed Kouchouk announced the submission of three new investor facilitation packages to Prime Minister Mostafa Madbouly, as part of ongoing efforts to stimulate private investment and enhance the business environment in Egypt. Speaking at the 3rd edition of The Investor conference, Kouchouk affirmed that the Ministry's approach is rooted in “partnership and
- [Egypt’s construction sector drives FDI growth with $35.8bn from Ras El Hekma deal: GAFI](https://www.dailynewsegypt.com/2025/09/16/egypts-construction-sector-drives-fdi-growth-with-35-8bn-from-ras-el-hekma-deal-gafi/) - Egypt’s construction and real estate sector has emerged as the top recipient of foreign direct investment (FDI), attracting $35.8bn in FY 2023/2024—primarily fueled by the landmark Ras El Hekma deal—according to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI). Speaking at the 3rd edition of the “The Investor.. Real Estate”
- [Egypt, Bahrain explore deeper cooperation on water resource management](https://www.dailynewsegypt.com/2025/09/16/egypt-bahrain-explore-deeper-cooperation-on-water-resource-management/) - Egypt’s Minister of Water Resources and Irrigation, Hani Sweilem, met on Tuesday with Bahrain’s Minister of Works, Ibrahim Al-Hawaj, to discuss strengthening bilateral cooperation in water resources management, according to a statement from the ministry. During the meeting, Minister Sweilem reaffirmed Egypt’s commitment to sharing its expertise and successful experiences with Arab nations to enhance
- [ETA to launch second tax facilitation package for public consultation: Abdel Aal](https://www.dailynewsegypt.com/2025/09/16/eta-to-launch-second-tax-facilitation-package-for-public-consultation-abdel-aal/) - Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced that preparations are underway to launch the second phase of the tax facilitation initiative, which will soon be introduced for public consultation. The new package builds upon feedback received from various state institutions and private-sector companies following the success of the first phase. Speaking
- [Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy](https://www.dailynewsegypt.com/2025/09/16/cairo-university-roche-diagnostics-inaugurate-automated-lab-at-qasr-el-ainy/) - Roche Diagnostics and Cairo University on Sunday inaugurated a fully automated core laboratory at Al-Manial University Hospital, Qasr El-Ainy, a facility capable of processing up to 36.7 million tests annually and serving nearly 2.5 million patients. The opening marks a major milestone in a strategic partnership between the two institutions that began over twenty years
- [EGOTH, Petrojet sign EGP 120m deal to rehabilitate, operate Jet Beach Hotel in Ain Sokhna](https://www.dailynewsegypt.com/2025/09/16/egoth-petrojet-sign-egp-120m-deal-to-rehabilitate-operate-jet-beach-hotel-in-ain-sokhna/) - Mohamed El-Shimy, Minister of the Public Enterprises Sector, and Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed the signing of a usufruct agreement on Tuesday to rehabilitate and operate the Jet Beach Hotel in Ain Sokhna. The agreement was signed between the Egyptian General Company for Tourism and Hotels (EGOTH) and the Petroleum Projects
- [Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir](https://www.dailynewsegypt.com/2025/09/16/egypt-investigates-disappearance-of-ancient-bracelet-from-egyptian-museum-in-tahrir/) - Egypt's Ministry of Tourism and Antiquities has referred the disappearance of an ancient gold bracelet from the restoration laboratory of the Egyptian Museum in Tahrir to police and public prosecutors, it said in a statement on Tuesday. The ministry said it had taken all necessary legal measures immediately after learning of the incident. A specialised
- [Opinion | Bridges of Soft Diplomacy: The ‘Empowering English Educators’ Experience Between Egypt and the US](https://www.dailynewsegypt.com/2025/09/16/opinion-bridges-of-soft-diplomacy-the-empowering-english-educators-experience-between-egypt-and-the-us/) - I recently participated in a training programme titled Empowering English Educators, organised by the US Embassy in Cairo in collaboration with AMIDEAST. At first glance, this initiative may seem like a straightforward effort to enhance the teaching skills of faculty members in Egypt’s public universities. Yet at its core, it represents far more than academic
- [Opinion | The Strike on Doha](https://www.dailynewsegypt.com/2025/09/16/opinion-the-strike-on-doha/) - The only real surprise in Israel’s attack on Qatar’s capital, Doha, was Prime Minister Benjamin Netanyahu’s audacity in violating the sovereignty of a state that enjoys strategic relations with the United States and is regarded in Washington as a key regional partner. Not only that, but US President Donald Trump had recently visited Doha, securing
- [Scatec's $3.6bn renewables portfolio part of Egypt's NWFE energy pillar](https://www.dailynewsegypt.com/2025/09/16/scatecs-3-6bn-renewables-portfolio-part-of-egypts-nwfe-energy-pillar/) - Egypt's Planning and International Cooperation Minister has met with the board of Norwegian renewable energy company Scatec to discuss its $3.6bn investment portfolio, which is part of the energy pillar of the country's flagship NWFE climate action programme. The Tuesday meeting between Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, and the
- [African trade ministers meet in Cairo to push forward with AfCFTA](https://www.dailynewsegypt.com/2025/09/16/african-trade-ministers-meet-in-cairo-to-push-forward-with-afcfta/) - Egyptian Minister of Investment and Foreign Trade, Hassan El-Khatib, on Tuesday launched the 17th Ministerial Meeting of African Trade Ministers, stressing the need for cooperation to advance the continent's common market and localise industries. The meeting in Cairo was attended by trade ministers from across the continent, as well as Wamkele Mene, Secretary-General of the
- [Egypt launches international architecture academy with UNESCO, European partners](https://www.dailynewsegypt.com/2025/09/16/egypt-launches-international-architecture-academy-with-unesco-european-partners/) - Egyptian Prime Minister Mostafa Madbouly on Tuesday launched the International Academy of Architecture and Urbanism (IAAU) in the New Administrative Capital, a new institution established in cooperation with UNESCO and three prominent European universities to position Egypt as a regional hub for architectural knowledge. The launch event was attended by several ministers, the governor of
- [Egypt's PM, Russian deputy PM discuss industrial zone, Dabaa nuclear plant](https://www.dailynewsegypt.com/2025/09/16/egypts-pm-russian-deputy-pm-discuss-industrial-zone-dabaa-nuclear-plant/) - The officials also discussed Egyptian-Russian cooperation in energy, tourism, transport, water desalination, agriculture, food security, and mining sectors
- [Egypt's President, Pakistan's PM condemn Israeli attack on Qatar](https://www.dailynewsegypt.com/2025/09/16/egypts-president-pakistans-pm-condemn-israeli-attack-on-qatar/) - Pakistan's prime minister praised Egypt's active role in calming regional situations, its mediation efforts to secure a ceasefire in Gaza
- [Egypt's Al-Sisi: Israeli actions 'aborting' existing peace deals in region](https://www.dailynewsegypt.com/2025/09/15/egypts-al-sisi-israeli-actions-aborting-existing-peace-deals-in-region/) - Egyptian President Abdel Fattah Al-Sisi said on Monday that Israel's current actions are obstructing any chances for new peace treaties in the Middle East and are "aborting" existing agreements with countries in the region. Addressing the Israeli people directly during an emergency Arab-Islamic summit in Doha, Al-Sisi said: "What is currently happening undermines the future
- [Arab-Islamic Summit condemns Israeli attack on Qatar, calls for unified response](https://www.dailynewsegypt.com/2025/09/15/arab-islamic-summit-condemns-israeli-attack-on-qatar-calls-for-unified-response/) - The emergency Arab-Islamic summit held in Doha on Monday delivered a strong condemnation of the “cowardly and illegal Israeli attack on the state of Qatar,” underscoring the collective security and shared destiny of Arab and Islamic nations. The summit’s final communiqué expressed “absolute solidarity with Qatar” and pledged support for the measures Doha takes in
- [ICCD launches ‘Best Entrepreneurship Models in Africa’ initiative to empower innovation, trade](https://www.dailynewsegypt.com/2025/09/15/iccd-launches-best-entrepreneurship-models-in-africa-initiative-to-empower-innovation-trade/) - The Islamic Chamber of Commerce and Development (ICCD), an international organisation affiliated with the Organisation of Islamic Cooperation (OIC) and the largest representative body of the private sector across the OIC’s 57 member states, has announced the launch of the “Best Entrepreneurship Models in Africa” initiative as one of its flagship programmes. The initiative is
- [Egypt, World Bank explore deeper cooperation on water management, sustainability](https://www.dailynewsegypt.com/2025/09/15/egypt-world-bank-explore-deeper-cooperation-on-water-management-sustainability/) - Egypt’s Minister of Water Resources and Irrigation, Hani Sweilem, met on Monday with Abdelaziz El-Mulla, Egypt’s Executive Director at the World Bank Group, to discuss ongoing collaboration and explore new opportunities for partnership, according to a statement from the ministry. Sweilem described the World Bank as a key development partner for the ministry, referencing a
- [Mountain View enters Egypt’s booming tourism sector with launch of hospitality arm](https://www.dailynewsegypt.com/2025/09/15/mountain-view-enters-egypts-booming-tourism-sector-with-launch-of-hospitality-arm/) - Mountain View has officially launched its dedicated hospitality division, Mountain View Hospitality, marking a strategic expansion into Egypt’s rapidly growing tourism industry. The new entity is set to manage and operate all hospitality services under the Mountain View brand, with its debut project — KIN Hotel — unveiled as the first venture under this arm.
- [NBE partners with AgroFood to finance farmers, agricultural SMEs](https://www.dailynewsegypt.com/2025/09/15/nbe-partners-with-agrofood-to-finance-farmers-agricultural-smes/) - The National Bank of Egypt (NBE) has signed a cooperation protocol with AgroFood—a company specialized in cotton trade and seed production—to finance farmers and small to medium-sized agricultural enterprises through a contract farming programme. The agreement aims to provide both financial and technical support to improve productivity, enhance crop quality, and ensure Egyptian agricultural products
- [Egypt to begin second phase of universal health insurance in Minya](https://www.dailynewsegypt.com/2025/09/15/egypt-to-begin-second-phase-of-universal-health-insurance-in-minya/) - Egyptian Prime Minister Mostafa Madbouly on Sunday directed officials to immediately begin implementing the second phase of the country's universal health insurance system, starting with the governorate of Minya in Upper Egypt. Madbouly's directive came during a Monday meeting to review the readiness of the governorates slated for the second phase and to discuss the
- [Madrid trade talks focus on TikTok as US and China seek agreement](https://www.dailynewsegypt.com/2025/09/15/madrid-trade-talks-focus-on-tiktok-as-us-and-china-seek-agreement/) - The United States is getting closer to reaching an agreement with China regarding the social media app TikTok, US Treasury Secretary Scott Bessent said on Monday as trade talks with a delegation from Beijing resumed in the Spanish capital. "If a deal is not reached on TikTok, it will not affect the United States' overall
- [Power of Proximity: How Egyptian University Students Fall in Love with Their Schools Via Social Media Influencers](https://www.dailynewsegypt.com/2025/09/15/power-of-proximity-how-egyptian-university-students-fall-in-love-with-their-schools-via-social-media-influencers/) - In Egypt's increasingly competitive private higher education sector, universities are turning to an unexpected source to build emotional connections with prospective students: social media influencers. A new Master's research paper by Pansey Tarek reveals that students' "brand love" for a university is directly influenced by four key characteristics of these online personalities: trustworthiness, expertise, attractiveness,
- [Egypt's MSMEDA provided EGP 57.9bn in financing over 11 years](https://www.dailynewsegypt.com/2025/09/15/egypts-msmeda-provided-egp-57-9bn-in-financing-over-11-years/) - Egypt's Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has provided EGP 57.9bn ($1.2bn) in financing for projects over the past 11 years, creating approximately 3.4 million jobs across all governorates, its chief executive has said. Speaking at the first meeting of the "GAFI CLUB" series, an event organised by the General Authority for Investment
- [CBE hosts inaugural meeting of African Financial Stability Report Working Group](https://www.dailynewsegypt.com/2025/09/15/cbe-hosts-inaugural-meeting-of-african-financial-stability-report-working-group/) - The Central Bank of Egypt (CBE) has hosted the first official meeting of the African Financial Stability Report Working Group, operating under the African Financial Stability Board (AFSB). Chaired by CBE Governor Hassan Abdalla, the meeting brought together representatives from central banks across Africa’s five regions, marking a significant step in strengthening cross-continental financial coordination
- [CBE net foreign assets climb to $10.6bn in August 2025](https://www.dailynewsegypt.com/2025/09/15/cbe-net-foreign-assets-climb-to-10-6bn-in-august-2025/) - The Central Bank of Egypt (CBE) announced that its net foreign assets (NFAs) rose to approximately $10.629bn (EGP 517.255bn) in August 2025, up from $10.491bn (EGP 511.211bn) in July. Net foreign assets, which represent the difference between the CBE’s foreign currency assets and liabilities, are a key indicator of financial system resilience and external sector
- [Egypt's SCZONE reports record EGP 11.6bn in revenue for FY 2024/25](https://www.dailynewsegypt.com/2025/09/15/egypts-sczone-reports-record-egp-11-6bn-in-revenue-for-fy-2024-25/) - Egypt's Suez Canal Economic Zone (SCZONE) achieved record revenues of EGP 11.6bn ($242m) in fiscal year (FY) 2024/25, a 38% increase from the previous year, its chairperson said on Monday. The board of the SCZONE General Authority approved the final accounts for the past fiscal year, which showed net profits of EGP 8.6bn, a 51%
- [El Hamra Port emerges as regional energy hub attracting foreign investment: Petroleum Minister](https://www.dailynewsegypt.com/2025/09/15/el-hamra-port-emerges-as-regional-energy-hub-attracting-foreign-investment-petroleum-minister/) - Karim Badawi, Minister of Petroleum and Mineral Resources, affirmed that El Hamra Petroleum Port has become one of the strategic pillars of Egypt’s petroleum infrastructure. He stressed that the port has evolved beyond serving as a crude oil terminal to emerge as a regional platform attracting foreign investment and a cornerstone in Egypt’s plans to
- [Egypt hosts 4th African Trade Ministers’ Retreat to accelerate AfCFTA implementation](https://www.dailynewsegypt.com/2025/09/15/egypt-hosts-4th-african-trade-ministers-retreat-to-accelerate-afcfta-implementation/) - Egypt reaffirmed its commitment to advancing Africa’s economic integration as it hosted the 4th Ministerial Retreat of the Council of Ministers of the African Continental Free Trade Area (AfCFTA). Ahead of the high-level events, Hassan El-Khatib, Minister of Investment and Foreign Trade, met with Wamkele Mene, Secretary-General of the AfCFTA Secretariat, in a closed session
- [Egypt's Investment Minister, World Bank discuss strengthening partnership](https://www.dailynewsegypt.com/2025/09/15/egypts-investment-minister-world-bank-discuss-strengthening-partnership/) - Egyptian Minister of Investment and Foreign Trade, Hassan El-Khatib, has met with a delegation from the World Bank Group to discuss the frameworks for economic cooperation and to review the country's ongoing economic, structural, and institutional reform programmes. During the meeting, El-Khatib affirmed the importance of linking investment and trade as two fundamental pillars for
- [Egypt wins Aga Khan Award for Architecture for Esna revival project](https://www.dailynewsegypt.com/2025/09/15/egypt-wins-aga-khan-award-for-architecture-for-esna-revival-project/) - Egypt has won the prestigious Aga Khan Award for Architecture for 2025 for its project to revive the historic city of Esna in Luxor, the country's ministry of local development said. Minister of Local Development, Manal Awad, and the Governor of Luxor, Abdel Moteleb Amara, attended a grand ceremony organised by the Aga Khan Development
- [Egypt’s real estate market faces resale slowdown amid payment pressures](https://www.dailynewsegypt.com/2025/09/14/egypts-real-estate-market-faces-resale-slowdown-amid-payment-pressures/) - Egypt’s real estate market is witnessing mounting pressures in its resale segment, as shifting economic conditions reshape investor behaviour and strain client purchasing power, according to Abd Elrahman Abozeid, Senior Sales Team Leader at Taskeen. Abozeid noted that resale activity has slowed sharply in recent months, with many buyers struggling to keep up with instalment
- [Egypt sends nursing specialists to Japan for training under joint education initiative](https://www.dailynewsegypt.com/2025/09/14/egypt-sends-nursing-specialists-to-japan-for-training-under-joint-education-initiative/) - Egypt’s Ministry of Health announced on Sunday that it has dispatched six nursing specialists to Saku University in Japan to participate in a specialised training programme on nursing management, under the framework of the Egypt-Japan Education and Human Development Initiative. The delegation includes specialists from the General Administration of Nursing as well as hospitals in
- [Egypt's Military Production Minister inspects Abu Zaabal chemical company](https://www.dailynewsegypt.com/2025/09/14/egypts-military-production-minister-inspects-abu-zaabal-chemical-company/) - Egypt's Minister of State for Military Production, Mohamed Salah, has conducted a surprise inspection tour of the Abu Zaabal Company for Specialised Chemicals (Military Factory 18) to review its production processes and development plans. The minister's visit was part of an effort to conduct field follow-ups on various military production companies and units to ensure
- [Madbouly reviews strategy to localize pharmaceutical industry, ensure drug supply](https://www.dailynewsegypt.com/2025/09/14/madbouly-reviews-strategy-to-localize-pharmaceutical-industry-ensure-drug-supply/) - Egyptian Prime Minister Mostafa Madbouly on Sunday chaired a meeting to review national efforts to secure the supply of medicines and medical products, and to advance the localization of the pharmaceutical industry, according to a statement from the Cabinet. The meeting was attended by Health Minister Khaled Abdel Ghaffar, Finance Minister Ahmed Kouchouk, Investment and
- [EBRD partners with Egypt to launch new PPP project preparation facility](https://www.dailynewsegypt.com/2025/09/14/ebrd-partners-with-egypt-to-launch-new-ppp-project-preparation-facility/) - A new mechanism for preparing public-private partnership (PPP) projects has been launched in Egypt, in a collaboration between the Ministry of Finance and the European Bank for Reconstruction and Development (EBRD). Speaking at the launch event, Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, said the partnership would provide technical and financial support
- [Brassbell, Belmazad partner to transform auctioned real estate into hospitality assets](https://www.dailynewsegypt.com/2025/09/14/brassbell-belmazad-partner-to-transform-auctioned-real-estate-into-hospitality-assets/) - Brassbell Hospitality Group (BHG), Egypt’s leading hospitality and lifestyle developer-operator, has announced a strategic partnership with Belmazad, the country’s digital auction marketplace, to convert auctioned and underutilised real estate into high-value hospitality assets. The collaboration introduces a first-of-its-kind framework that merges real estate technology with hospitality innovation, creating a pathway to reposition properties into competitive,
- [EHA launches national telemedicine platform with support from Egyptian doctors abroad](https://www.dailynewsegypt.com/2025/09/14/eha-launches-national-telemedicine-platform-with-support-from-egyptian-doctors-abroad/) - The Egypt Healthcare Authority (EHA) has officially launched a national telemedicine platform aimed at connecting Egyptian medical professionals abroad with patients across Egypt. The initiative was announced during a meeting between EHA Chairperson Ahmed El-Sobky and renowned actor Hany Salama, as part of a broader strategy to engage Egyptian expertise worldwide in strengthening the country’s
- [Al-Sisi discusses renewable energy investments with Norway’s Scatec, China’s Sungrow](https://www.dailynewsegypt.com/2025/09/14/al-sisi-discusses-renewable-energy-investments-with-norways-scatec-chinas-sungrow/) - Egyptian President Abdel Fattah Al-Sisi met on Sunday with Terje Pilskog, CEO of Norway’s Scatec, and Ko Renxian, founder of China’s Sungrow, along with Prime Minister Mostafa Madbouly and senior ministers, to review cooperation plans in the renewable energy sector, the presidency announced. Presidential spokesperson Mohamed El-Shenawy stated that President Al-Sisi welcomed the executives and
- [Sahara 2025 targets $12bn in Egypt’s agricultural exports](https://www.dailynewsegypt.com/2025/09/14/sahara-2025-targets-12bn-in-egypts-agricultural-exports/) - The 37th edition of the Sahara 2025 Exhibition and Conference aims to support the government’s ambitious plan to raise Egyptian agricultural exports to $12bn by 2025, according to Hany Khafagy, General Manager of Informa Markets Egypt—the organizer of the Sahara International Agricultural Exhibition and Conference. Khafagy noted that this year’s edition marks a significant expansion
- [Emergency summit in Doha to address Israeli attacks on Arab nations](https://www.dailynewsegypt.com/2025/09/14/emergency-summit-in-doha-to-address-israeli-attacks-on-arab-nations/) - Arab and Islamic foreign ministers convened behind closed doors in the Qatari capital, Doha, on Sunday to prepare for an emergency Arab-Islamic summit set for Monday. The summit was called in response to last week’s Israeli airstrike on Qatar, and will also address continued Israeli military actions in Palestine, Syria, and Yemen. Majed Al-Ansari, spokesperson
- [Mercon Developments, El-Tamayuz Kuwaiti Egyptian launch Riverton project in New Cairo](https://www.dailynewsegypt.com/2025/09/14/mercon-developments-el-tamayuz-kuwaiti-egyptian-launch-riverton-project-in-new-cairo/) - Mercon Developments has announced the launch of its new residential project, Riverton, in New Cairo’s Fifth Settlement, developed in partnership with El-Tamayuz Kuwaiti Egyptian Company, chaired by Mishaal Mshaan and Mahmoud Osman. Located directly opposite the American University in Cairo, Riverton is designed to meet the growing demand for luxury living. The project features a
- [Sckylers Developments debuts in Egypt with OC project in East Cairo](https://www.dailynewsegypt.com/2025/09/14/sckylers-developments-debuts-in-egypt-with-oc-project-in-east-cairo/) - Sckylers Developments has officially entered Egypt’s real estate market with the launch of its first project, OC, a mixed-use development in East Cairo that marks the start of a broader expansion strategy. The announcement was made during a high-profile ceremony where Sckylers’ CEO, Hussein Mohamed, revealed that OC occupies a prime location on Plot No.
- [Qurtuba Developments launches Nuzul Tower in New Capital with EGP 3bn investments](https://www.dailynewsegypt.com/2025/09/14/qurtuba-developments-launches-nuzul-tower-in-new-capital-with-egp-3bn-investments/) - Qurtuba Developments has announced the launch of its first project in the New Administrative Capital, Nuzul Tower, with total investments exceeding EGP 3bn. The project was unveiled during an official ceremony. The tower comprises 15 floors above ground and three underground parking levels, incorporating Smart Building technologies for energy management, security, and integrated services. The
- [Living Yards records EGP 32bn investments, projects EGP 40bn revenues in six years](https://www.dailynewsegypt.com/2025/09/14/living-yards-records-egp-32bn-investments-projects-egp-40bn-revenues-in-six-years/) - Living Yards Developments has announced that it has achieved real estate investments exceeding EGP 32bn and is projecting revenues of more than EGP 40bn within just six years, supported by a robust land bank in the New Administrative Capital (NAC) and New Cairo. The announcement came during a media tour of The Loft, the company’s
- [Cairo’s real estate market shows resilient growth as economy stabilizes: JLL](https://www.dailynewsegypt.com/2025/09/14/cairos-real-estate-market-shows-resilient-growth-as-economy-stabilizes-jll/) - Egypt’s real estate market remained resilient in the second quarter (Q2) of 2025, with steady growth across key sectors driven by improving economic conditions, ongoing government initiatives, and a surge in tourism activity, according to JLL’s latest Cairo Market Dynamics report. Ayman Sami, Country Head of JLL Egypt, commented: “The resilience of Cairo’s real estate
- [Egypt's Public Enterprise Minister stresses asset optimisation, private partnerships](https://www.dailynewsegypt.com/2025/09/14/egypts-public-enterprise-minister-stresses-asset-optimisation-private-partnerships/) - Egypt's Minister of Public Enterprise Sector, Mohamed El-Shimy, has stressed that the effective and optimal use of state-owned assets is a strategic priority for the ministry to maximise economic returns and ensure sustainability. In an expanded meeting with the CEOs of the ministry's affiliated holding companies, Shemy reviewed performance indicators, the status of ongoing projects,
- [Egypt's Petroleum Sector balanced power supply, energy needs in challenging year: Minister](https://www.dailynewsegypt.com/2025/09/14/egypts-petroleum-sector-balanced-power-supply-energy-needs-in-challenging-year-minister/) - Egypt's petroleum sector successfully balanced the need to maintain uninterrupted electricity supplies with providing for the country's broader energy needs during a "challenging" fiscal year (FY) 2024/25, the minister of petroleum and mineral resources said on Sunday. Chairing a board meeting of the Egyptian General Petroleum Corporation (EGPC) to approve the year's results, Minister Karim
- [Al-Mashat tells S&P that Egypt working to reduce external debt, empower private sector](https://www.dailynewsegypt.com/2025/09/14/al-mashat-tells-sp-that-egypt-working-to-reduce-external-debt-empower-private-sector/) - Egypt is working to reduce its external debt through several measures aimed at enhancing debt sustainability, and is moving forward with steps to empower the private sector and increase local and foreign investment, its planning and international cooperation minister said on Sunday. In a meeting with a delegation from the S&P Global Ratings agency, Minister
- [Madbouly follows up on plan to boost Egypt's desalination capacity](https://www.dailynewsegypt.com/2025/09/14/madbouly-follows-up-on-plan-to-boost-egypts-desalination-capacity/) - Egyptian Prime Minister Mostafa Madbouly has reviewed the executive plan to expand the construction of seawater desalination plants, part of a long-term strategy to meet the country's growing water needs for development and production, his office said in a Sunday statement. During a meeting at the government's headquarters in the New Administrative Capital on Wednesday,
- [Public Prosecution to transfer 200kg of refined gold to CBE: Shawky](https://www.dailynewsegypt.com/2025/09/14/public-prosecution-to-transfer-200kg-of-refined-gold-to-cbe-shawky/) - The Public Prosecution, in coordination with the Ministry of Finance, is preparing to hand over 200 kilograms of refined gold bullions to the Central Bank of Egypt (CBE), Prosecutor General Mohamed Shawky announced. The gold, originally confiscated as jewelry, was refined at the Public Prosecution’s expense and will now be added to the country’s foreign
- [Finance Ministry launches €10M fund to support PPP project preparation](https://www.dailynewsegypt.com/2025/09/14/finance-ministry-launches-e10m-fund-to-support-ppp-project-preparation/) - At the official launch of a new Public-Private Partnership (PPP) project preparation mechanism, Egypt’s Minister of Finance Ahmed Kouchouk announced the establishment of a dedicated account to finance feasibility studies and advisory services for upcoming PPP initiatives. The fund, launched in cooperation with the European Bank for Reconstruction and Development (EBRD), is backed by an
- [Egypt invites US investment in ports, shipping, and rail sectors](https://www.dailynewsegypt.com/2025/09/14/egypt-invites-us-investment-in-ports-shipping-and-rail-sectors/) - Egypt's transport minister has invited American companies to invest in the country's maritime transport sector, highlighting opportunities in port management, shipping, and dry ports, as well as in the high-speed electric train network. Speaking at a press conference at the Tahya Misr multi-purpose terminal in the port of Alexandria, Deputy Prime Minister for Industrial Development
- [Egypt's Foreign Minister, Pakistani counterpart meet in Doha](https://www.dailynewsegypt.com/2025/09/14/egypts-foreign-minister-pakistani-counterpart-meet-in-doha/) - The Egyptian and Pakistani Foreign Ministers condemned the "blatant Israeli aggression" against Qatar and expressed their full solidarity
- [Exclusive Interview: CTBTO Head on Nuclear Test Ban in an "Era of Anxiety"](https://www.dailynewsegypt.com/2025/09/14/exclusive-interview-ctbto-head-on-nuclear-test-ban-in-an-era-of-anxiety/) - Vienna – In an exclusive interview with Daily News Egypt, Robert Floyd, Executive Secretary of the Comprehensive Nuclear-Test-Ban Treaty Organisation (CTBTO), discusses the current state and future of the nuclear test ban treaty amidst what some are calling an "era of nuclear anxiety." Floyd addresses critical issues including Russia's de-ratification, the CTBTO's verification capabilities, and
- [GERD study: Sediment trapping may prolong Sudan’s Roseires Dam but raise ecological risks](https://www.dailynewsegypt.com/2025/09/13/gerd-study-sediment-trapping-may-prolong-sudans-roseires-dam-but-raise-ecological-risks/) - A new scientific study has found that Ethiopia’s Grand Ethiopian Renaissance Dam (GERD) will trap the vast majority of sediment carried by the Blue Nile, significantly reducing silt accumulation in Sudan’s Roseires reservoir and potentially extending its lifespan. The research, published in Journal of Hydrology: Regional Studies, was conducted by experts from IHE Delft in
- [Egypt renews call for Middle East free of nuclear weapons، ahead of IAEA conference](https://www.dailynewsegypt.com/2025/09/13/egypt-renews-call-for-middle-east-free-of-nuclear-weapons،-ahead-of-iaea-conference/) - Egypt on Saturday renewed its call for the universality of the Treaty on the Non-Proliferation of Nuclear Weapons (NPT), particularly in the Middle East, urging all states in the region without exception to join the treaty and subject all their nuclear facilities to comprehensive IAEA safeguards. In a statement ahead of the International Atomic Energy
- [Egypt ramps up final preparations for GEM inauguration on 1 November](https://www.dailynewsegypt.com/2025/09/13/egypt-ramps-up-final-preparations-for-gem-inauguration-on-1-november/) - Prime Minister Mostafa Madbouly conducted an extensive field tour on Saturday to inspect projects surrounding the Grand Egyptian Museum (GEM), as Egypt accelerates preparations for the landmark institution’s official inauguration on 1 November. Madbouly said the inspection underscores the government’s determination to finalise works around the GEM ahead of the grand international ceremony, which will
- [Al-Sisi reviews banking sector, calls for boosting foreign reserves](https://www.dailynewsegypt.com/2025/09/13/al-sisi-reviews-banking-sector-calls-for-boosting-foreign-reserves/) - President Abdel Fattah Al-Sisi reviewed the performance of Egypt’s banking sector on Saturday, urging continued efforts to strengthen foreign exchange reserves and secure financing for development projects, the presidency announced. Al-Sisi met with Prime Minister Mostafa Madbouly, Central Bank Governor Hassan Abdalla, and presidential financial adviser General Ahmed El-Shazly to assess economic reforms and financial
- [Emergency summit in Doha as Gaza toll rises, Israel targets Qatar](https://www.dailynewsegypt.com/2025/09/13/emergency-summit-in-doha-as-gaza-toll-rises-israel-targets-qatar/) - Doha will host an emergency Arab-Islamic summit on Monday to address regional developments following an Israeli strike on residential compounds in Qatar, Foreign Ministry spokesperson Majed Al-Ansari announced. Al-Ansari said Arab and Muslim foreign ministers will meet on Sunday to draft a joint statement, stressing that convening the summit “reflects broad Arab and Islamic solidarity
- [Cairo Fashion & Tex expected to secure $60m in export deals](https://www.dailynewsegypt.com/2025/09/13/cairo-fashion-tex-expected-to-secure-60m-in-export-deals/) - Cairo Fashion & Tex, the country’s largest textiles and apparel exhibition, is expected to generate at least $60m in export contracts during its 77th edition, which opened under the theme “Supporting Egyptian Exports”. The event features more than 350 Egyptian factories in an exclusively national showcase. Mohamed El-Sherif, Chairperson of Pyramids International Group, said this
- [Egypt’s EDA, Korean pharma firms explore investment opportunities](https://www.dailynewsegypt.com/2025/09/13/egypts-eda-korean-pharma-firms-explore-investment-opportunities/) - The Egyptian Drug Authority (EDA) and leading South Korean pharmaceutical companies have discussed potential investment and partnership opportunities during the 1st Artificial Intelligence for Resilient Infrastructure and Sustainable Engineering Materials (AIRISE 2025) conference, hosted in South Korea. Ali Ghamrawy, Chairperson of the EDA, held a series of bilateral meetings with senior officials and representatives from
- [Comprehensive development plan for Misr Spinning, Weaving & Beida Dyers: El-Shimy](https://www.dailynewsegypt.com/2025/09/13/comprehensive-development-plan-for-misr-spinning-weaving-beida-dyers-el-shimy/) - Minister of Public Enterprises Sector Mohamed El-Shimy has announced that Misr Spinning, Weaving & Beida Dyers Co. Kafr El Dawar is undergoing a comprehensive development plan as part of the national project to revitalise Egypt’s textile and spinning sector. El-Shimy said the project, overseen by the Ministry of Public Enterprises Sector and implemented by the
- [Egypt, Norway’s Scatec explore deeper cooperation in renewable energy](https://www.dailynewsegypt.com/2025/09/13/egypt-norways-scatec-explore-deeper-cooperation-in-renewable-energy/) - Egypt’s Minister of Electricity and Renewable Energy Mahmoud Essmat held talks with Mohamed Amer, Regional Director of Norway’s Scatec, and his delegation, in the presence of Ahmed Mahmoud, Chairperson of Misr Fertilizers Production Company (MOPCO), a petroleum sector subsidiary. The discussions centred on expanding cooperation in green hydrogen, renewable energy, energy storage systems, and the
- [New tax facilities to be introduced soon: Finance Minister](https://www.dailynewsegypt.com/2025/09/13/new-tax-facilities-to-be-introduced-soon-finance-minister/) - Egypt’s Minister of Finance Ahmed Kouchouk announced that a new package of tax facilities will be introduced in the coming period to support the business community, stimulate economic activity, and build greater trust between taxpayers and the state. Speaking at the launch of the twelfth edition of the Citizen’s Budget report for fiscal year 2025/2026,
- [Taly for Digital Payments appoints Tawfik Mahmoud as CEO, Managing Director](https://www.dailynewsegypt.com/2025/09/13/taly-for-digital-payments-appoints-tawfik-mahmoud-as-ceo-managing-director/) - Taly for Digital Payments has announced the appointment of Tawfik Mahmoud as Chief Executive Officer and Managing Director, effective August 2025. The move comes as part of Taly’s strategy to expand its business scope and strengthen its position in the Egyptian and regional markets by offering innovative, integrated financial solutions built on the latest financial
- [NBE signs protocol to finance solar energy, irrigation upgrades, and land reclamation](https://www.dailynewsegypt.com/2025/09/13/nbe-signs-protocol-to-finance-solar-energy-irrigation-upgrades-and-land-reclamation/) - The National Bank of Egypt (NBE) has signed a cooperation protocol with Europe Solar for Electromechanical Contracting and Solar Energy to finance projects in solar energy applications, irrigation system modernisation, and agricultural land reclamation. The initiative aims to enhance resource efficiency and advance Egypt’s green economy objectives, reflecting NBE’s role as the country’s largest financial
- [CIB completes EGP 2.3bn securitization for GlobalCorp in seventh issuance](https://www.dailynewsegypt.com/2025/09/13/cib-completes-egp-2-3bn-securitization-for-globalcorp-in-seventh-issuance/) - Commercial International Bank–Egypt (CIB) has completed the seventh securitization issuance for GlobalCorp for Financial Services, with a total value of EGP 2.3bn. The deal marks the fifth collaboration between the two institutions. CIB said the issuance supports companies by enhancing cash flows, strengthening capital structures, and offering innovative financing solutions that stimulate economic growth and
- [CBE, banks to launch card tokenization on Android mobile apps](https://www.dailynewsegypt.com/2025/09/13/cbe-banks-to-launch-card-tokenization-on-android-mobile-apps/) - The Central Bank of Egypt (CBE) announced that it is working with local banks to roll out card tokenization services on mobile applications running on Android devices in the coming period. The move follows the launch of the service on Apple Pay, which marked the first phase of Egypt’s card tokenization initiative. According to the
- [Mobile wallet transactions in Egypt surge 72% in Q2 2025 to EGP 943.4bn](https://www.dailynewsegypt.com/2025/09/13/mobile-wallet-transactions-in-egypt-surge-72-in-q2-2025-to-egp-943-4bn/) - The value of transactions conducted through mobile wallets in Egypt reached EGP 943.4bn during the second quarter (Q2) of 2025, according to the National Telecom Regulatory Authority (NTRA). The figure reflects a 72% increase compared to EGP 548.6bn in the same quarter of 2024. The number of financial transactions executed through mobile wallets jumped 80%
- [Ex-IDF chief says Gaza war casualties exceed 200,000, legal advice 'never a constraint'](https://www.dailynewsegypt.com/2025/09/13/ex-idf-chief-says-gaza-war-casualties-exceed-200000-legal-advice-never-a-constraint/) - The former chief of staff of the Israeli military, Herzi Halevi, has acknowledged that the number of people killed and wounded in the Gaza war has surpassed 200,000, and asserted that legal advice "never once" constrained military operations during his tenure. Halevi stepped down in March after leading the Israeli Defence Forces (IDF) through the
- [Right-wing figures blame 'the Left' for Kirk killing, some urge ban on Democratic Party](https://www.dailynewsegypt.com/2025/09/13/right-wing-figures-blame-the-left-for-kirk-killing-some-urge-ban-on-democratic-party/) - The assassination of right-wing activist Charlie Kirk has ignited a political firestorm in the United States, with prominent conservative figures immediately blaming "the Left" and the Democratic Party's rhetoric for the attack, and some calling for the party to be banned as a "terrorist organisation". Even before authorities had apprehended a suspect or released information
- [Ex-Unit 777 Commander warns: Israeli jets attacking Egypt “will have no place to return”](https://www.dailynewsegypt.com/2025/09/13/ex-unit-777-commander-warns-israeli-jets-attacking-egypt-will-have-no-place-to-return/) - Colonel Hatem Saber, former commander of Egypt’s elite Unit 777, issued a blunt warning in a televised interview, stating that Israeli aircraft would “have no place to return” if they were to launch attacks against Egypt. “If Israeli Air Forces attack Egypt, the planes that take off from Israel to strike will find no place
- [Fujian seminar spotlights China’s case study on trade and investment climate](https://www.dailynewsegypt.com/2025/09/13/fujian-seminar-spotlights-chinas-case-study-on-trade-and-investment-climate/) - Fujian, China – A high-level seminar hosted by the International Economic Cooperation Center of Fujian Province is underway this week, gathering participants from six Belt and Road Initiative (BRI) countries to examine China’s approaches to investment attraction and business climate reform. Delegates from Egypt, Guyana, Namibia, Nigeria, Uzbekistan, and South Africa are taking part in
- [CTBTO: The Global Watchdog Protecting Us from Nuclear Tests](https://www.dailynewsegypt.com/2025/09/11/ctbto-the-global-watchdog-protecting-us-from-nuclear-tests/) - At its core, the CTBTO embodies a global promise: the Comprehensive Nuclear-Test-Ban Treaty (CTBT) bans all nuclear weapon tests
- [MSMEDA CEO explores future collaboration with UNDP Egypt to boost MSMEs](https://www.dailynewsegypt.com/2025/09/10/msmeda-ceo-explores-future-collaboration-with-undp-egypt-to-boost-msmes/) - Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), met with Chitose Noguchi, the newly appointed Resident Representative of the United Nations Development Programme (UNDP) in Egypt, to discuss avenues for future collaboration. The meeting reaffirmed the longstanding partnership between the two entities, built on over three decades of shared efforts
- [Local Development Minister reviews progress on Dahab transformation with support from IsDB](https://www.dailynewsegypt.com/2025/09/10/local-development-minister-reviews-progress-on-dahab-transformation-with-support-from-isdb/) - Manal Awad, Minister of Local Development and Acting Minister of Environment, met with South Sinai Governor Khaled Mubarak to review the latest updates on the Dahab City development project, funded by the Islamic Development Bank (IsDB). The meeting also included Hesham El-Helbawy, Assistant Minister for National Projects, and Ahmed Rizk, Country Programme Manager at UN-Habitat.
- [Egypt, AFD discuss Delta Barrages upgrade, national drainage projects](https://www.dailynewsegypt.com/2025/09/10/egypt-afd-discuss-delta-barrages-upgrade-national-drainage-projects/) - Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, met on Wednesday with Cécile Couprie, North Africa Regional Director at the French Development Agency (AFD), to review ongoing and prospective cooperation in the water sector, according to a ministry statement. The talks focused on a joint study to upgrade and optimize the Delta Barrages system.
- [Israeli strike in Doha escalates regional tensions, threatens Gaza ceasefire talks](https://www.dailynewsegypt.com/2025/09/10/israeli-strike-in-doha-escalates-regional-tensions-threatens-gaza-ceasefire-talks/) - An Israeli strike targeting Hamas leaders in the Qatari capital, Doha, has triggered a wave of regional and international condemnation, stoking fears that fragile ceasefire negotiations over Gaza could collapse. According to the Gaza Health Ministry, 41 Palestinians were killed and 184 injured in the past 24 hours, bringing the death toll since October 7,
- [Egypt hosts Tunisian Investment Authority delegation to boost bilateral cooperation](https://www.dailynewsegypt.com/2025/09/10/egypt-hosts-tunisian-investment-authority-delegation-to-boost-bilateral-cooperation/) - The General Authority for Investment and Free Zones (GAFI) recently hosted a delegation from the Tunisian Investment Authority, led by Chairperson Namia Al-Ayadi, as part of ongoing efforts to enhance investment cooperation and exchange expertise between Egypt and Tunisia. The delegation was welcomed by Yasser Abbas, Deputy CEO of GAFI, who highlighted the deep-rooted ties
- [Egypt, Nigeria explore joint energy investments at Gastech 2025](https://www.dailynewsegypt.com/2025/09/10/egypt-nigeria-explore-joint-energy-investments-at-gastech-2025/) - Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, held bilateral talks with Nigeria’s Minister of State for Petroleum Resources, Ekperikpe Ekpo, on the sidelines of the Gastech 2025 conference in Milan, Italy. The meeting focused on enhancing cooperation and fostering joint investments in the oil and gas sectors. Discussions covered a wide range of
- [Al-Mashat reviews new economic narrative with AFD's North Africa director](https://www.dailynewsegypt.com/2025/09/10/al-mashat-reviews-new-economic-narrative-with-afds-north-africa-director/) - Egyptian Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, has met with the French Development Agency's (AFD) Regional Director for North Africa, Cécile d’Couprie, to discuss enhancing future cooperation between the two countries. During the meeting at the ministry's headquarters in the New Administrative Capital, Al-Mashat highlighted the long-standing partnership between Egypt and
- [Egypt, Azerbaijan to hold joint committee, business forum in October](https://www.dailynewsegypt.com/2025/09/10/egypt-azerbaijan-to-hold-joint-committee-business-forum-in-october/) - Egypt and Azerbaijan are preparing to hold the sixth session of their joint committee for economic, scientific, and technical cooperation in Cairo next month, a meeting that will include a business forum aimed at strengthening ties between the private sectors of both countries. The plans were discussed during a meeting between Egyptian Minister of Planning,
- [Egypt strengthens inter-ministerial cooperation to upgrade healthcare sector](https://www.dailynewsegypt.com/2025/09/10/egypt-strengthens-inter-ministerial-cooperation-to-upgrade-healthcare-sector/) - Minister of Health and Population Khaled Abdel Ghaffar held two high-level meetings with senior government officials to advance coordination across sectors, as part of Egypt’s ongoing efforts to modernize its healthcare system and improve public services. In a meeting with Hatem Nabil, head of the Central Agency for Organization and Administration, the discussion focused on
- [HDP partners with Archimid Architects to oversee Square One Exclusive Residences in New Cairo](https://www.dailynewsegypt.com/2025/09/10/hdp-partners-with-archimid-architects-to-oversee-square-one-exclusive-residences-in-new-cairo/) - Housing and Development Properties (HDP), the real estate development arm of Housing and Development Bank, has signed a strategic cooperation agreement with Archimid Architects to supervise its flagship residential project, Square One Exclusive Residences, located in New Cairo. The development spans 45,000 square meters and represents an investment of over EGP 2.5bn. Designed with a
- [VS-FILM redefines short cinema as space for freedom, dialogue: Osama Abu Nar](https://www.dailynewsegypt.com/2025/09/10/vs-film-redefines-short-cinema-as-space-for-freedom-dialogue-osama-abu-nar/) - Amid an atmosphere steeped in cinema and the celebration of the seventh art, the Very Short Film Festival (VS-FILM) is emerging as one of the most distinctive new ventures on the cultural scene. Designed as a dynamic platform for young filmmakers, it seeks to bridge the gap between dream and reality. In this exclusive interview,
- [Egypt’s urban inflation slows to 12% in August, down from 13.9% in July](https://www.dailynewsegypt.com/2025/09/10/egypts-urban-inflation-slows-to-12-in-august-down-from-13-9-in-july/) - The Central Agency for Public Mobilization and Statistics (CAPMAS) announced that Egypt’s annual urban inflation rate slowed to 12% in August 2025, compared to 13.9% in July. Nationwide inflation also decelerated, falling to 11.2% from 13.1% over the same period. The Central Bank of Egypt (CBE) reported that monthly core inflation—which excludes volatile items such
- [Egypt's Al-Sisi meets Tunisian PM ahead of joint higher committee session](https://www.dailynewsegypt.com/2025/09/10/egypts-al-sisi-meets-tunisian-pm-ahead-of-joint-higher-committee-session/) - Egyptian President Abdel Fattah Al-Sisi met on Wednesday with Tunisian Prime Minister Sarah Zafrani to discuss strengthening the "excellent" bilateral relations between the two countries, ahead of the 18th session of the Egypt-Tunisia Joint Higher Committee. The meeting at the Ittihadiya Palace in Cairo was also attended by Egyptian Prime Minister Mostafa Madbouly and delegations
- [In Cairo, a delicate diplomatic dance yields Iran-IAEA deal to resume nuclear cooperation](https://www.dailynewsegypt.com/2025/09/10/in-cairo-a-delicate-diplomatic-dance-yields-iran-iaea-deal-to-resume-nuclear-cooperation/) - In the heart of a region shadowed by conflict, Cairo on Tuesday became the stage for a significant diplomatic breakthrough, as months of quiet, intensive Egyptian mediation culminated in an agreement between Iran and the International Atomic Energy Agency (IAEA) to resume cooperation over Tehran's nuclear programme. The deal, signed in the Egyptian capital, represents
- [China's Sailun breaks ground on $1bn tyre factory in Egypt's SCZONE](https://www.dailynewsegypt.com/2025/09/10/chinas-sailun-breaks-ground-on-1bn-tyre-factory-in-egypts-sczone/) - Chinese tyre manufacturer Sailun Group on Tuesday laid the foundation stone for a new $1bn factory in the Suez Canal Economic Zone (SCZONE), a project aimed at localising the automotive industry in Egypt. Walid Gamal El-Din, chairperson of the SCZONE General Authority, attended the groundbreaking ceremony for the plant, which will be located within the
- [Nuclear test ban body CTBTO opens major SnT conference with Hiroshima warning](https://www.dailynewsegypt.com/2025/09/09/nuclear-test-ban-body-ctbto-opens-major-snt-conference-with-hiroshima-warning/) - Vienna – The head of the world's nuclear test ban watchdog opened a major science and technology conference in Vienna on Tuesday, telling a record number of participants that the world is on the verge of its longest-ever period without a single nuclear test. Dr Robert Floyd, Executive Secretary of the Comprehensive Nuclear-Test-Ban Treaty Organisation
- [Austrian Foreign Minister warns of rising nuclear risks, urges CTBT ratification](https://www.dailynewsegypt.com/2025/09/09/austrian-foreign-minister-warns-of-rising-nuclear-risks-urges-ctbt-ratification/) - Vienna – Austrian Foreign Minister Beate Meinl-Reisinger on Monday warned of rising nuclear risks and an "appalling crisis" in international affairs, calling for a "paradigm shift" away from nuclear weapons and urging remaining states to ratify the Comprehensive Nuclear-Test-Ban Treaty (CTBT). Speaking at the opening of the CTBT's Science and Technology Conference in Vienna, Meinl-Reisinger
- [Egypt urges stronger Arab, global cooperation to address water scarcity, climate challenges](https://www.dailynewsegypt.com/2025/09/09/egypt-urges-stronger-arab-global-cooperation-to-address-water-scarcity-climate-challenges/) - Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, stressed on Tuesday the importance of strengthening regional and international cooperation to confront the growing challenges of water scarcity and climate change. Speaking at a high-level ministerial session titled “Redefining the Integrated Water-Energy-Climate Nexus for a Sustainable Future” during the Second World Conference on Water, Energy
- [Egypt launches advanced seismic survey project in Eastern Mediterranean](https://www.dailynewsegypt.com/2025/09/09/egypt-launches-advanced-seismic-survey-project-in-eastern-mediterranean/) - Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, has announced the launch of a landmark Ocean Bottom Node (OBN) seismic survey project in the Eastern Mediterranean, covering up to 95,000 square kilometres and deploying the latest global exploration technologies. Badawi said the project is designed to maximise the country’s gas potential and strengthen Egypt’s
- [Local Development Minister moves to expand access to non-banking financial services outside Cairo](https://www.dailynewsegypt.com/2025/09/09/local-development-minister-moves-to-expand-access-to-non-banking-financial-services-outside-cairo/) - Manal Awad, Minister of Local Development, has held a meeting with Mai Abdel Hamid, CEO of the Social Housing and Mortgage Finance Fund, alongside senior officials from the Ministry of Local Development, the Fund, the Financial Regulatory Authority (FRA), and representatives of the Ministries of Justice and Interior. The discussions focused on strengthening cooperation to
- [Israeli airstrikes target Hamas leaders in Doha; Qatar vows response](https://www.dailynewsegypt.com/2025/09/09/israeli-airstrikes-target-hamas-leaders-in-doha-qatar-vows-response/) - In an unprecedented move, Israel launched airstrikes on the Qatari capital, Doha, on Tuesday, claiming to target senior Hamas leaders—a dramatic escalation that drew swift and widespread condemnation across the Arab world and beyond. The Israeli military and Shin Bet security agency said in a joint statement that the air force conducted “a precise and
- [Egypt warns UNSC that Ethiopian Nile Dam threatens its water security](https://www.dailynewsegypt.com/2025/09/09/egypt-warns-unsc-that-ethiopian-nile-dam-threatens-its-water-security/) - Egypt has formally addressed the UN Security Council through Foreign Minister Badr Abdelatty, warning against Ethiopia’s “unilateral actions” regarding the Grand Ethiopian Renaissance Dam (GERD) on the Blue Nile. Cairo affirmed that it “will not allow its water rights to be compromised and will take all measures guaranteed by international law and the UN Charter
- [GAFI chief highlights priority investment sectors at international conference in China](https://www.dailynewsegypt.com/2025/09/09/gafi-chief-highlights-priority-investment-sectors-at-international-conference-in-china/) - Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), outlined Egypt’s priority investment sectors that enjoy full government support, including renewable energy, green hydrogen, automotive, home appliances, tourism, education, healthcare, and information and communication technology (ICT). He noted that these sectors have already attracted significant investment inflows in recent years. Heiba
- [Oman’s Afouq, Egypt’s Prime Group launch $265M AI, advanced technologies zone in Muscat](https://www.dailynewsegypt.com/2025/09/09/omans-afouq-egypts-prime-group-launch-265m-ai-advanced-technologies-zone-in-muscat/) - Oman’s Afouq Developments and Egypt’s Prime Group, in collaboration with the Ministry of Transport, Communications, and Information Technology (MTCIT), have announced the launch of the Sultanate’s first Artificial Intelligence and Advanced Technologies Zone. The project, unveiled during the COMEX International Exhibition, is set to transform Muscat into a regional hub for AI, advanced technologies, and
- [BP signs MoU to drill five offshore wells in Mediterranean](https://www.dailynewsegypt.com/2025/09/09/bp-signs-mou-to-drill-five-offshore-wells-in-mediterranean/) - BP has signed a memorandum of understanding (MoU) to explore opportunities for drilling five offshore wells in the Mediterranean Sea, in water depths ranging from 300 to 1,500 meters. The initiative is part of a broader effort to accelerate the development and production of Egypt’s natural gas reserves, while optimizing the use of existing infrastructure
- [NBE raises financing for Magic Land Al Hokair’s TANZA project to EGP 1.2bn](https://www.dailynewsegypt.com/2025/09/09/nbe-raises-financing-for-magic-land-al-hokairs-tanza-project-to-egp-1-2bn/) - The National Bank of Egypt (NBE) has signed an agreement to raise its long-term investment financing for Magic Land Al Hokair to EGP 1.2bn, covering 60% of the company’s estimated EGP 2.1bn investment in developing an integrated commercial entertainment city and cinema complex, to be launched under the name TANZA. The project is located within
- [SCZONE showcases investment opportunities to Peru’s ambassador](https://www.dailynewsegypt.com/2025/09/09/sczone-showcases-investment-opportunities-to-perus-ambassador/) - Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), met on Tuesday with Miguel Yllescas Ortiaga, Ambassador of Peru to Cairo, to discuss avenues of bilateral cooperation and highlight the wide range of investment opportunities within the zone’s industrial and logistics areas, as well as its affiliated seaports. The meeting was also attended
- [Opinion | US Leadership Between Domestic Security and Global Image: A Critical Reading of Trump’s Policies](https://www.dailynewsegypt.com/2025/09/09/opinion-us-leadership-between-domestic-security-and-global-image-a-critical-reading-of-trumps-policies/) - Since US President Donald Trump assumed office, his domestic and foreign policies have sparked intense debate over the contours of American leadership in the twenty-first century. While he presented himself as a staunch defender of national security and US interests, his rhetoric and actions—particularly regarding domestic security and immigration—deepened internal divisions and contributed to a
- [Opinion | Shanghai Cooperation Organization: A Rising Alliance](https://www.dailynewsegypt.com/2025/09/09/opinion-shanghai-cooperation-organization-a-rising-alliance/) - A few days ago, leaders of 20 nations convened in Beijing for the largest summit of the Shanghai Cooperation Organization (SCO) since its establishment 24 years ago. Among the attendees were the Presidents of China and Russia, as well as the Prime Minister of India. The SCO summit charted the contours of a new map
- [Egypt to provide EGP 14.7bn in credit facilities for pharma sector suppliers](https://www.dailynewsegypt.com/2025/09/09/egypt-to-provide-egp-14-7bn-in-credit-facilities-for-pharma-sector-suppliers/) - Egypt will make available EGP 14.7bn ($307m) in credit facilities for suppliers to the pharmaceutical sector, with half to be paid in cash within days, the finance ministry said on Tuesday. The move is part of new mechanisms to provide the necessary liquidity for pharmaceutical companies and ensure the stability and sustainability of supply chains.
- [Egypt's FM meets Iranian counterpart in Cairo for nuclear, regional talks](https://www.dailynewsegypt.com/2025/09/09/egypts-fm-meets-iranian-counterpart-in-cairo-for-nuclear-regional-talks/) - Egyptian Foreign Minister Badr Abdelatty met with his Iranian counterpart Abbas Araghchi in Cairo on Tuesday to discuss developing bilateral relations and the latest developments in the Iranian nuclear file. The meeting also covered Egypt's efforts to facilitate cooperation between Iran and the International Atomic Energy Agency (IAEA), the Egyptian foreign ministry said in a
- [TMG's Arab Company for Projects upgraded to AA- on record sales](https://www.dailynewsegypt.com/2025/09/09/tmgs-arab-company-for-projects-upgraded-to-aa-on-record-sales/) - The local credit rating of the Arab Company for Projects and Urban Development, a wholly-owned subsidiary of Talaat Moustafa Group Holding (TMG), has been upgraded to AA- from A+, with a stable outlook, TMG announced on Tuesday. The upgrade, issued by the Middle East Rating & Investors Service (MERIS), reflects recent positive developments in the
- [Egypt, Spain discuss expanding health cooperation, support for Gaza](https://www.dailynewsegypt.com/2025/09/08/egypt-spain-discuss-expanding-health-cooperation-support-for-gaza/) - Egypt’s Deputy Prime Minister for Human Development and Minister of Health, Khaled Abdel Ghaffar, met on Sunday with Spanish Ambassador to Cairo Álvaro Iranzo to discuss strengthening bilateral cooperation in health and development, with the aim of advancing strategic partnerships between the two countries. According to a Health Ministry statement, the talks focused on organ
- [Pakistan’s Interloop invests $35.2m in ready-made garments manufacturing in Qantara West](https://www.dailynewsegypt.com/2025/09/08/pakistans-interloop-invests-35-2m-in-ready-made-garments-manufacturing-in-qantara-west/) - Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), signed an agreement this morning with Syed Fasihuddin Bukhari, representative of Pakistan’s Interloop Group, to establish a ready-made garments manufacturing project in the Qantara West Industrial Zone. The agreement covers a 60,000-square-metre plot with investments worth $35.2m (EGP 1.67bn). The new facility will create
- [Rising international outrage as Israeli strikes escalate in Gaza](https://www.dailynewsegypt.com/2025/09/08/rising-international-outrage-as-israeli-strikes-escalate-in-gaza/) - Gaza’s Ministry of Health announced on Sunday that 87 Palestinians had been killed and 409 wounded over the past 24 hours, bringing the total number of casualties since the resumption of the war on March 18 to 11,911 dead and 50,735 injured. Since the start of the conflict on 7 October 2023, the overall toll
- [Egypt's Sisi slams Gaza 'war of starvation' at BRICS, discusses truce with US CENTCOM chief](https://www.dailynewsegypt.com/2025/09/08/egypts-sisi-slams-gaza-war-of-starvation-at-brics-discusses-truce-with-us-centcom-chief/) - Egyptian President Abdel Fattah Al-Sisi on Monday condemned what he called "flagrant double standards" in the international system and described the Israeli war in Gaza as a "war of starvation" aimed at liquidating the Palestinian cause, during a virtual BRICS summit. On the same day, Al-Sisi met with the commander of USCentral Command, General Brad
- [Industry ministry denies scrapping Chinese EV charging protocol](https://www.dailynewsegypt.com/2025/09/08/industry-ministry-denies-scrapping-chinese-ev-charging-protocol/) - The Egyptian Ministry of Industry has denied reports circulating in the media and on social platforms that the government has decided to eliminate the Chinese charging protocol for electric vehicles (EVs). It affirmed that no official decision has been issued in this regard by the Ministry or any other government body. According to the Ministry,
- [Think Commercial concludes with key recommendations to boost fractional real estate investment](https://www.dailynewsegypt.com/2025/09/08/think-commercial-concludes-with-key-recommendations-to-boost-fractional-real-estate-investment/) - At the conclusion of the ninth edition of the Think Commercial Roundtable, industry leaders and regulatory officials discussed opportunities and challenges surrounding fractional real estate investment, emphasising the need for clear legislation, stronger liquidity, and innovative financing tools to support the sector’s growth. Hesham Shoukry, Chairperson of the Real Estate Export Council, explained that fractional
- [Developers, experts propose new mechanisms to restructure property market at Think Commercial](https://www.dailynewsegypt.com/2025/09/08/developers-experts-propose-new-mechanisms-to-restructure-property-market-at-think-commercial/) - Real estate developers and industry experts outlined new mechanisms to regulate Egypt’s property market and strengthen its investment appeal during the ninth edition of the Think Commercial Roundtable, held under the theme “Real Estate Industry as a Driver for Investment and Exports.” The discussions moved across several pressing themes, from investment opportunities in regional and
- [M squared hands over 65% of Masyaf Ras AlHekma units ahead of schedule](https://www.dailynewsegypt.com/2025/09/08/m-squared-hands-over-65-of-masyaf-ras-alhekma-units-ahead-of-schedule/) - Egyptian real estate company M squared has announced that 65% of the units delivered in 2025 at its flagship coastal project, Masyaf Ras AlHekma, were handed over six to twelve months ahead of schedule. The company, the real estate arm of Intro Investment Holdings, also said that its landmark Marmarica Boutique Hotel, located within the
- [Hutchison Terminal in Sokhna receives giant ZHEN HUA 23 vessel with final crane deliveries: Al-Wazir](https://www.dailynewsegypt.com/2025/09/08/hutchison-terminal-in-sokhna-receives-giant-zhen-hua-23-vessel-with-final-crane-deliveries-al-wazir/) - Hutchison Terminal 1 at Sokhna Port has received the heavy-lift vessel ZHEN HUA 23, owned by Chinese port equipment manufacturer ZPMC, carrying the final shipment of cranes for the facility. Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir announced that the vessel delivered three super post-Panamax ship-to-shore (STS) cranes
- [CBE, Higher Education Ministry launch scholarship initiative for outstanding students affected by USAID suspension](https://www.dailynewsegypt.com/2025/09/08/cbe-higher-education-ministry-launch-scholarship-initiative-for-outstanding-students-affected-by-usaid-suspension/) - The Central Bank of Egypt (CBE) and the Ministry of Higher Education and Scientific Research have signed two cooperation protocols to expand educational opportunities for high-achieving students in need and to support those impacted by the suspension of the USAID scholarship programme. The agreements were signed on Monday by CBE Governor Hassan Abdalla and Higher
- [Egyptian government charts new policies to advance human development](https://www.dailynewsegypt.com/2025/09/08/egyptian-government-charts-new-policies-to-advance-human-development/) - Egypt’s Deputy Prime Minister and Minister of Health, Khaled Abdel Ghaffar, chaired a regular meeting of the ministerial group for human development on Sunday, bringing together ministers and senior officials to align policies on education, health, innovation, and social development. Abdel Ghaffar stressed that the group’s mission complements rather than overlaps with individual ministerial mandates,
- [PM Madbouly reviews green construction roadmap](https://www.dailynewsegypt.com/2025/09/08/pm-madbouly-reviews-green-construction-roadmap/) - Prime Minister Mostafa Madbouly chaired a meeting on Monday to review several key issues in the housing and urban development sector, including the main features of the National Strategy for Urban Development and Green Construction, as well as the financial position of the New Urban Communities Authority (NUCA). The meeting was attended by Sherif El-Sherbiny,
- [Stories from history: Egypt’s museums spotlight farmers, peace, and purity in September treasures](https://www.dailynewsegypt.com/2025/09/08/stories-from-history-egypts-museums-spotlight-farmers-peace-and-purity-in-september-treasures/) - In the heart of Cairo, where the bustle of modern life collides with the grandeur of antiquity, Egypt’s museums stand as enduring witnesses to history. They are not simply halls of stone and glass, but living spaces where the past whispers to the present. Each month, these cultural institutions highlight selected treasures—objects that are more
- [Investments in New Capital reach EGP 50bn in 2025: ACUD chief](https://www.dailynewsegypt.com/2025/09/08/investments-in-new-capital-reach-egp-50bn-in-2025-acud-chief/) - Khaled Abbas, Chairperson of the Administrative Capital for Urban Development (ACUD), has highlighted the central role of Egypt’s real estate sector in driving investment and exports, while showcasing the ongoing transformation of the New Administrative Capital (NAC). Speaking at the opening of the ninth edition of the Think Commercial Roundtable—held under the patronage of the
- [Red Sea Marassi to drive growth, jobs, but developers struggle with USD volatility, high rates: Sawiris](https://www.dailynewsegypt.com/2025/09/08/red-sea-marassi-to-drive-growth-jobs-but-developers-struggle-with-usd-volatility-high-rates-sawiris/) - Egyptian businessman Naguib Sawiris has praised the government’s recent signing of contracts for the largest tourism project on the Red Sea, developed in partnership with Emirati and Saudi investors. He said the project would create significant job opportunities, boost growth, and invigorate Egypt’s tourism sector. Sawiris’s remarks came during the opening of the ninth edition
- [Al-Sisi directs settlement of oil firm dues, urges more investment in energy](https://www.dailynewsegypt.com/2025/09/07/al-sisi-directs-settlement-of-oil-firm-dues-urges-more-investment-in-energy/) - President Abdel Fattah Al-Sisi held a high-level meeting on Sunday with Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawy to review the latest developments in Egypt’s energy and mining sectors, with a focus on boosting foreign investment and enhancing energy security. According to a presidential statement, the meeting included a
- [Israel intensifies Gaza offensive amid renewed diplomatic efforts, international pressure](https://www.dailynewsegypt.com/2025/09/07/israel-intensifies-gaza-offensive-amid-renewed-diplomatic-efforts-international-pressure/) - The Gaza Health Ministry reported on Sunday that 87 Palestinians were killed and 409 others wounded in the past 24 hours, bringing the death toll since the resumption of Israeli hostilities on 18 March to 11,911 killed and 50,735 injured. This raises the total number of casualties since the war began on 7 October 2023,
- [Egypt launches annual coral reef monitoring programme in Red Sea](https://www.dailynewsegypt.com/2025/09/07/egypt-launches-annual-coral-reef-monitoring-programme-in-red-sea/) - Egypt’s Minister of Local Development and Acting Minister of Environment, Manal Awad, announced the launch of the country’s annual coral reef monitoring programme in the Red Sea. The initiative is led by a scientific team from the Red Sea protectorates to assess the health of coral reefs and track the ongoing impacts of climate change
- [Foreign assets in Egypt’s banking sector climb to $18.5bn in July 2025](https://www.dailynewsegypt.com/2025/09/07/foreign-assets-in-egypts-banking-sector-climb-to-18-5bn-in-july-2025/) - The Central Bank of Egypt (CBE) has reported a sharp rise in the net foreign assets of the country’s banking sector, which reached $18.482bn—equivalent to EGP 900.545bn—in July 2025, compared to $14.941bn (EGP 741.813bn) a month earlier. According to the CBE’s latest monthly report, total foreign assets of the banking system, comprising the central bank
- [Egypt's ICT minister stresses need for Arab cooperation on cyber threats](https://www.dailynewsegypt.com/2025/09/07/egypts-ict-minister-stresses-need-for-arab-cooperation-on-cyber-threats/) - Egyptian Minister of Communications and Information Technology, Amr Talaat, called for strengthening joint Arab action in cybersecurity through cooperation in training, information exchange, and coordinating responses to cyber incidents. Speaking at the ninth Arab Security Conference, Talaat also highlighted the importance of developing Arab research and innovation mechanisms to support Arab startups in the field.
- [Egypt, Italy explore closer cooperation in military, civilian manufacturing](https://www.dailynewsegypt.com/2025/09/07/egypt-italy-explore-closer-cooperation-in-military-civilian-manufacturing/) - Minister of State for Military Production Mohamed Salah El-Din Mostafa met with Italian Ambassador to Egypt Michele Quaroni to discuss ways to enhance bilateral cooperation across military and civilian manufacturing sectors. The meeting took place at the Ministry’s headquarters in the Government District of the New Administrative Capital. During the meeting, the Minister showcased the
- [IDB signs EGP 1.13bn credit facility agreement with Raya](https://www.dailynewsegypt.com/2025/09/07/idb-signs-egp-1-13bn-credit-facility-agreement-with-raya/) - The Industrial Development Bank (IDB) has signed a credit facility agreement worth EGP 1.13bn with Raya Information Technology, a subsidiary of Raya Holding for Financial Investments. The financing will support Raya’s expansion in digital transformation initiatives and the development of advanced technological infrastructure within Egypt’s banking sector. The agreement underscores IDB’s commitment to supporting innovation
- [Electricity Minister discusses cooperation with ABB on energy efficiency, renewables](https://www.dailynewsegypt.com/2025/09/07/electricity-minister-discusses-cooperation-with-abb-on-energy-efficiency-renewables/) - Minister of Electricity and Renewable Energy Mahmoud Esmat met with Adrian Guggisberg, CEO of the Power Sector at global technology company ABB, along with an accompanying delegation, to discuss strengthening cooperation in energy efficiency, renewable energy, and modernizing Egypt’s power infrastructure. The meeting comes as part of the Ministry’s comprehensive strategy to enhance the quality
- [Madbouly meets with SunRev Solar to localize renewable energy component manufacturing](https://www.dailynewsegypt.com/2025/09/07/madbouly-meets-with-sunrev-solar-to-localize-renewable-energy-component-manufacturing/) - Prime Minister Mostafa Madbouly met on Sunday with He Fei, Managing Director of SunRev Solar, at the government headquarters in the New Administrative Capital to discuss plans for localizing the manufacturing of renewable energy components in Egypt. The meeting is part of a broader initiative by the Egyptian government to partner with international companies and
- [Emaar Misr, Citystars to develop EGP 900bn 'Marassi Red Sea' resort in Egypt](https://www.dailynewsegypt.com/2025/09/07/emaar-misr-citystars-to-develop-egp-900bn-marassi-red-sea-resort-in-egypt/) - Egypt on Sunday signed a partnership agreement with developers Emaar Misr and Citystars for a new EGP 900bn ($18.8bn) tourism project on the Red Sea coast, the prime minister's office said. The "Marassi Red Sea" project, to be built on the model of Emaar's successful Marassi resort on the North Coast, aims to enhance the
- [FRA releases 2024 sustainability report highlighting landmark progress in green finance](https://www.dailynewsegypt.com/2025/09/07/fra-releases-2024-sustainability-report-highlighting-landmark-progress-in-green-finance/) - The Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has released its 2024 Annual Sustainability Report, providing a comprehensive overview of its strategic efforts to integrate sustainability into Egypt’s non-banking financial sector. The report highlights key milestones that underscore the FRA’s leadership in aligning regulatory frameworks with national climate objectives and global sustainability standards. Among
- [Makkah Developments prepares to launch Rowaq Compound in Sheikh Zayed](https://www.dailynewsegypt.com/2025/09/07/makkah-developments-prepares-to-launch-rowaq-compound-in-sheikh-zayed/) - Makkah Developments prepares to launch its latest residential project, Rowaq Compound, in Sheikh Zayed City. The project reflects the company’s vision of creating integrated residential communities that prioritise innovation, sustainability, and quality of life. Rowaq Compound is strategically located in the villas area (G+2 – El Thawra El Khadra, Al Nozha Street), connecting Cairo-Alexandria Desert
- [Omidar Developments signs partnerships for The Capital Way Mall in East Cairo](https://www.dailynewsegypt.com/2025/09/07/omidar-developments-signs-partnerships-for-the-capital-way-mall-in-east-cairo/) - Omidar Developments has signed a series of cooperation agreements for its new mixed-use commercial project, The Capital Way Mall, in East Cairo. The development spans more than 4,000 sqm and is designed as a business ecosystem hosting retail outlets, restaurants, cafés, medical clinics, and administrative offices. As part of the agreements, ACE Moharram.Bakhoum has been
- [Dar Al Alamia Developments launches Acasa Alma in New Cairo with EGP 7bn investment](https://www.dailynewsegypt.com/2025/09/07/dar-al-alamia-developments-launches-acasa-alma-in-new-cairo-with-egp-7bn-investment/) - Dar Al Alamia Developments has unveiled its latest project, Acasa Alma, in New Cairo’s Sixth Settlement, with total investments estimated at EGP 7bn. The compound, which spans 16 feddans, is designed as a boutique community with low residential density to provide maximum privacy and tranquillity. It will feature a variety of units including townhouses, duplexes,
- [ALJAR Developments launches phase one of Aljar British District in East Cairo](https://www.dailynewsegypt.com/2025/09/07/aljar-developments-launches-phase-one-of-aljar-british-district-in-east-cairo/) - ALJAR Developments has launched the first phase of its flagship project, Aljar British District, in East Cairo, with total investments estimated at EGP 20bn. The development spans more than 70 feddans and is set to become a major landmark in the city’s real estate market. Ahmed Abdel Mageed, deputy chair of the housing committee in
- [Real estate market slows after devaluation, with limited room for price hikes: arD](https://www.dailynewsegypt.com/2025/09/07/real-estate-market-slows-after-devaluation-with-limited-room-for-price-hikes-ard/) - Mohamed Al-Bostany, President of the Association of Real Estate Developers (arD) and Vice President of the Real Estate Investment Division at the General Federation of Chambers of Commerce, said that the sharp rise of the US dollar on the parallel market—from EGP 50 to EGP 75 over the past year—lasted for only around two months,
- [Housing Ministry, Developers’ Chamber settle dispute over North Coast land, road levies](https://www.dailynewsegypt.com/2025/09/07/housing-ministry-developers-chamber-settle-dispute-over-north-coast-land-road-levies/) - The Ministry of Housing, Utilities, and Urban Communities and the Real Estate Development Chamber at the Federation of Egyptian Industries have reached a settlement to resolve long-standing disputes over North Coast land fees and desert road improvement levies. Tarek Shoukry, Chairperson of the Chamber, said the agreement underscores the government’s commitment to supporting serious investors
- [Egypt’s net international reserves rise to $49.25bn in August: CBE](https://www.dailynewsegypt.com/2025/09/07/egypts-net-international-reserves-rise-to-49-25bn-in-august-cbe/) - The Central Bank of Egypt (CBE) announced on Sunday that the country’s net international reserves increased to $49.250bn in August 2025, up from $49.036bn in July — a monthly gain of approximately $214m. According to the CBE, the value of gold holdings within the reserves rose significantly to $14.088bn in August, compared to $13.639bn in
- [Egypt marks International Day of Clean Air at Wadi Degla Protectorate](https://www.dailynewsegypt.com/2025/09/07/egypt-marks-international-day-of-clean-air-at-wadi-degla-protectorate/) - Egypt on Sunday celebrated the sixth International Day of Clean Air for Blue Skies with a "Race for Air" event at the Wadi Degla Protectorate, organised by the World Bank-funded Greater Cairo Air Pollution Management and Climate Change Project. The event, which is held globally on Sept. 7 each year, included races, clean-up campaigns, and
- [Egyptian government, exporters align on goal of doubling exports](https://www.dailynewsegypt.com/2025/09/07/egyptian-government-exporters-align-on-goal-of-doubling-exports/) - Egyptian Prime Minister Mostafa Madbouly on Sunday met with the heads of the country's export councils, where they agreed on a plan to achieve the state's goal of doubling exports, the prime minister's office said. The meeting was attended by the ministers of finance and investment, as well as other officials. Madbouly affirmed the government's
- [Egypt launches 'National Economic Development Narrative', aims for 7% growth by 2030](https://www.dailynewsegypt.com/2025/09/07/egypt-launches-national-economic-development-narrative-aims-for-7-growth-by-2030/) - Egypt on Sunday launched a new economic development plan that targets an annual growth rate of 7% by 2030 and aims to significantly increase the role of the private sector in the economy. The plan, titled “The National Narrative for Economic Development: Policies Supporting Growth and Employment,” was officially launched by Minister of Planning, Economic
- [Egypt launches hospital safety assessor training with WHO support](https://www.dailynewsegypt.com/2025/09/06/egypt-launches-hospital-safety-assessor-training-with-who-support/) - Egypt’s Ministry of Health and Population, in cooperation with the World Health Organization (WHO), has launched a new training programme titled “Central Hospital Safety-Friendly Assessor”. The initiative aims to strengthen hospital performance evaluation systems in line with international standards, ensuring safer and higher-quality healthcare. Health Ministry spokesperson Hossam Abdel Ghaffar said the programme focuses on
- [Al-Sisi orders acceleration of health insurance rollout, supports private investment](https://www.dailynewsegypt.com/2025/09/06/al-sisi-orders-acceleration-of-health-insurance-rollout-supports-private-investment/) - President Abdel Fattah Al-Sisi met on Saturday with Prime Minister Mostafa Madbouly and Health Minister Khaled Abdel Ghaffar to review progress on Egypt’s universal health insurance programme and major healthcare infrastructure projects, the presidency said in a statement. Al-Sisi was briefed on the implementation of the second phase of the insurance scheme, which covers the
- [International force deployment in Gaza possible if requested by Palestinians: Egypt’s FM](https://www.dailynewsegypt.com/2025/09/06/international-force-deployment-in-gaza-possible-if-requested-by-palestinians-egypts-fm/) - Egyptian Foreign Minister Badr Abdelatty said on Saturday that the deployment of international forces in Gaza remains possible should the Palestinian side request it, urging Israel to accept the ceasefire proposal presented by US envoy Steve Witkoff. Speaking at a joint press conference in Cairo with UNRWA Commissioner-General Philippe Lazzarini, Abdelatty accused Israel of blocking
- [Silver hits 14-year high, soars 40% globally, 36% in Egypt: Official](https://www.dailynewsegypt.com/2025/09/06/silver-hits-14-year-high-soars-40-globally-36-in-egypt-official/) - Silver continued its record-breaking rally this week, with December futures contracts climbing to $42.29 per ounce — the highest level in 14 years — marking a nearly 40% increase since the start of 2025, according to Ehab Wassef, Head of the Gold and Precious Metals Division at the Federation of Egyptian Industries. This surge reinforces
- [Government lists industrial lands for investors quarterly via Made in Egypt platform](https://www.dailynewsegypt.com/2025/09/06/government-lists-industrial-lands-for-investors-quarterly-via-made-in-egypt-platform/) - The Ministry of Industry announced that industrial lands are now listed for investors every three months on the Egypt Digital Industrial Platform (Made in Egypt), which was launched in September 2024 to simplify procedures and provide investors with seamless online access to key services. The platform acts as the main channel of interaction between industrial
- [FRA completes first carbon footprint measurement for 2024](https://www.dailynewsegypt.com/2025/09/06/fra-completes-first-carbon-footprint-measurement-for-2024/) - The Financial Regulatory Authority (FRA), chaired by Mohamed Farid, has completed measuring its carbon footprint for 2024 for the first time, issuing a dedicated report as part of its annual sustainability report. This milestone makes FRA the first Egyptian regulatory body to assess its own carbon footprint, reaffirming its commitment to environmental sustainability. The Authority
- [Revival of Continental Hotel part of Khedivial Cairo development, maximising heritage assets: El-Shimy](https://www.dailynewsegypt.com/2025/09/06/revival-of-continental-hotel-part-of-khedivial-cairo-development-maximising-heritage-assets-el-shimy/) - Mohamed El-Shimy, Minister of Public Enterprises Sector, conducted an inspection visit on Saturday morning to the project reviving the historic Continental Hotel in Opera Square, Downtown Cairo. The property, owned by the Egyptian General Company for Tourism and Hotels (EGOTH), part of the Holding Company for Tourism and Hotels under the Ministry, is one of
- [Petroleum Minister discusses development of Iqat gold mine to place it on global map](https://www.dailynewsegypt.com/2025/09/06/petroleum-minister-discusses-development-of-iqat-gold-mine-to-place-it-on-global-map/) - Petroleum and Mineral Resources Minister Karim Badawi held talks with Sherine Helmy, CEO of Wealth and Resources Mining Company— the contractor operating the Iqat gold mine in Egypt’s Eastern Desert — along with senior company officials. The discussions focused on development plans and future expansions aimed at positioning the mine on the global gold production
- [Should Egypt aim for stronger EGP or focus on sustaining foreign currency inflows?](https://www.dailynewsegypt.com/2025/09/06/should-egypt-aim-for-stronger-egp-or-focus-on-sustaining-foreign-currency-inflows/) - In April, the Egyptian pound lost a significant portion of its value, hitting a record low of EGP 51.73 against the US dollar after portfolio investments exited emerging markets amid trade tensions with the United States. Despite this, the pound managed to withstand the impact of those tensions and recover from the effects of the
- [CBE reports surge in financial inclusion, reaching 76.3% by June 2025](https://www.dailynewsegypt.com/2025/09/06/cbe-reports-surge-in-financial-inclusion-reaching-76-3-by-june-2025/) - The Central Bank of Egypt (CBE) has announced a notable rise in financial inclusion rates, with 76.3% of Egyptians aged 15 and above now owning and actively using accounts that enable financial transactions as of June 2025. According to the CBE’s latest financial inclusion indicators, the number of citizens using such accounts—whether bank accounts, Egypt
- [CBE expands banking reach with new service unit regulations](https://www.dailynewsegypt.com/2025/09/06/cbe-expands-banking-reach-with-new-service-unit-regulations/) - The Central Bank of Egypt (CBE) has issued new regulations permitting banks to establish service units outside their traditional branches, in a move designed to expand geographical coverage and guarantee broader access to financial services across all governorates. The measure comes within the framework of Egypt’s Vision 2030, which seeks to promote economic empowerment and
- [Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects](https://www.dailynewsegypt.com/2025/09/06/egypt-advances-plans-to-upgrade-historic-cairo-with-azbakeya-ataba-projects/) - Egyptian Prime Minister Mostafa Madbouly on Saturday inspected the progress of several major development projects in historic Cairo, including the completed revival of the heritage Azbakeya Garden and the ongoing upgrade of the Ataba market, as part of a comprehensive government initiative to revive the capital's historic areas. The tour, which included the ministers of
- [Egypt's FM vows full support for UNRWA amid Gaza crisis, Israeli pressure](https://www.dailynewsegypt.com/2025/09/06/egypts-fm-vows-full-support-for-unrwa-amid-gaza-crisis-israeli-pressure/) - Egyptian Foreign Minister Badr Abdelatty on Saturday affirmed Egypt's full and continued support for the "indispensable" role of the UN agency for Palestinian refugees (UNRWA) and condemned Israeli legislation aimed at ending its work in the occupied Palestinian territories, the foreign ministry said. During a meeting with UNRWA Commissioner-General Philippe Lazzarini in Cairo, Abdelatty expressed
- [China's Fujian province to host investment seminar for 6 BRI nations](https://www.dailynewsegypt.com/2025/09/05/chinas-fujian-province-to-host-investment-seminar-for-6-bri-nations/) - BRI stated goal is to contribute to building a community with a shared future for mankind to create a new chapter in Belt and Road cooperation.
- [EFG Hermes raises TMG share price target to EGP 130](https://www.dailynewsegypt.com/2025/09/03/efg-hermes-raises-tmg-share-price-target-to-egp-130/) - Investment bank EFG Hermes estimated TMG total development sales portfolio at about EGP 3.9trn ($78bn), to be sold over a 14-year period until 2038
- [Geopark in Fayoum tops agenda in Egypt-UNESCO environmental talks](https://www.dailynewsegypt.com/2025/09/02/geopark-in-fayoum-tops-agenda-in-egypt-unesco-environmental-talks/) - Egypt is planning to establish its first geopark in the Fayoum region and is expanding its cooperation with UNESCO on biodiversity and environmental protection, the environment ministry said. The plans were discussed in a Tuesday meeting between Minister of Local Development and Acting Minister of Environment, Manal Awad, and Nuria Sanz, UNESCO’s regional director for
- [Egypt's FRA vows support for innovators as 16 projects advance in hackathon](https://www.dailynewsegypt.com/2025/09/02/egypts-fra-vows-support-for-innovators-as-16-projects-advance-in-hackathon/) - Egypt's Financial Regulatory Authority (FRA) has said that 16 Egyptian projects have qualified for the African stage of a global hackathon, with the authority's chairperson vowing full support for entrepreneurs and innovators to develop new solutions for the non-banking financial sector. The qualification came at the conclusion of the National Hackathon competition, part of the
- [Egypt ranks 9th globally, 1st in Africa for investment with $46.1bn in FDI: GAFI CEO](https://www.dailynewsegypt.com/2025/09/02/egypt-ranks-9th-globally-1st-in-africa-for-investment-with-46-1bn-in-fdi-gafi-ceo/) - Egypt ranked ninth globally and first in Africa among the world’s top investment destinations, attracting net inflows of $46.1bn in the 2023/2024 fiscal year, the head of the country's investment authority said on Tuesday. Speaking at the Egypt–Bahrain Business Forum, Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), highlighted the
- [Bahraini investments in Egypt reached $450m in 2024, minister says](https://www.dailynewsegypt.com/2025/09/02/bahraini-investments-in-egypt-reached-450m-in-2024-minister-says/) - Bahraini investments in Egypt reached approximately $450m in 2024, spread across more than 237 companies, Egypt's Minister of Investment and Foreign Trade, Hassan El-Khatib, said on Tuesday. Speaking at the Egyptian–Bahraini Business Forum in Cairo, El-Khatib described Bahrain as one of Egypt’s key investment partners, with companies operating in sectors including finance, industry, tourism, and
- [South Korea, Egypt to deepen ties with new 'R.I.S.E-EKO' vision: Ambassador](https://www.dailynewsegypt.com/2025/09/02/south-korea-egypt-to-deepen-ties-with-new-r-i-s-e-eko-vision-ambassador/) - South Korea's ambassador to Egypt said on Tuesday that the two countries are celebrating 30 years of diplomatic relations, adding that the partnership has “reached a mature stage” and that the next phase will be guided by a vision called R.I.S.E-EKO, focused on renewal, innovation, synergy and excellence in bilateral ties. Speaking at a press
- [Egyptian FM holds high-level talks in Slovenia, urges EU pressure on Israel](https://www.dailynewsegypt.com/2025/09/02/egyptian-fm-holds-high-level-talks-in-slovenia-urges-eu-pressure-on-israel/) - Egyptian Foreign Minister Badr Abdelatty met with Slovenian President Nataša Pirc Musar on Tuesday, praising the country's "principled positions" in support of Palestinian rights, including its official recognition of a Palestinian state. During his visit to Bled, Abdelatty also held a separate session of talks with Slovenian Deputy Prime Minister and Foreign Minister Tanja Fajon,
- [Gaza death toll tops 63,600 as Israel stays silent on ceasefire proposal](https://www.dailynewsegypt.com/2025/09/02/gaza-death-toll-tops-63600-as-israel-stays-silent-on-ceasefire-proposal/) - The death toll in the Gaza Strip has continued to rise, the enclave's health ministry said on Tuesday, as Israel remained silent on a proposed ceasefire and prisoner exchange deal that Hamas has accepted. Gaza’s Health Ministry said that 76 people were killed and 281 wounded in the past 24 hours, bringing the total death
- [Egypt to launch national narrative for economic development on Sunday](https://www.dailynewsegypt.com/2025/09/02/egypt-to-launch-national-narrative-for-economic-development-on-sunday/) - Egypt will launch its "National Narrative for Economic Development" on Sunday, a comprehensive framework that will be put forward for public dialogue over the next two months, the cabinet said on Tuesday. Minister of Planning, Economic Development and International Cooperation, Rania Al-Mashat, presented the main points of the narrative, titled "Policies Supporting Growth and Employment,"
- [Egypt's PM says $7.5bn Qatari investment package being activated](https://www.dailynewsegypt.com/2025/09/02/egypts-pm-says-7-5bn-qatari-investment-package-being-activated/) - Egypt has begun activating a $7.5bn Qatari direct investment package, Prime Minister Mostafa Madbouly said on Tuesday, following a recent meeting with his Qatari counterpart. Speaking at the Cabinet’s weekly meeting, Madbouly said he had discussed strengthening bilateral relations, particularly in economic and trade cooperation, with Qatari Prime Minister Mohammed bin Abdulrahman bin Jassim Al
- [Opinion | Media vs. Algorithms: Who Shapes Our Consciousness Today?](https://www.dailynewsegypt.com/2025/09/02/opinion-media-vs-algorithms-who-shapes-our-consciousness-today/) - In recent months, major news outlets—including The Associated Press and The Guardian—have sparked intense debate by announcing a growing reliance on artificial intelligence (AI) tools to generate breaking news and edit routine texts. This move, described as a revolution in the newsroom, has opened the door to profound questions about the future of traditional journalism
- [Opinion | Trump’s Secret Map](https://www.dailynewsegypt.com/2025/09/02/opinion-trumps-secret-map/) - Even before US President Donald Trump unveiled his map, which depicted Moscow as controlling nearly all four Ukrainian provinces bordering western Russia, the political battle had already been decided in Alaska—tilted in favour of Russian President Vladimir Putin. Trump’s map, reinforced by precise intelligence and presented to Ukrainian President Volodymyr Zelensky during his second White
- [The Celebrity Stock Exchange: Between US Dollar and Egyptian Pound](https://www.dailynewsegypt.com/2025/09/02/the-celebrity-stock-exchange-between-us-dollar-and-egyptian-pound/) - Beyond the dazzling spectacle of grand concerts and opulent music festivals, deals are not merely struck on the mellifluous notes of an oud or the poetic verses of a song. Off-stage, within the hushed confines of private offices, subtle yet significant battles unfold to determine what is colloquially known as a singer's 'price tag.' This
- [Madinaty crowned Egyptian Super Cup golf champions for 1st time](https://www.dailynewsegypt.com/2025/08/31/madinaty-crowned-egyptian-super-cup-golf-champions-for-1st-time/) - Madinaty Golf Club has won the 2025 Egyptian Golf Super Cup for the first time after defeating Palm Hills in the final match held at the Gezira Sporting Club. The Super Cup is Madinaty's second title in just three months, following their victory in the Egypt Cup. The award ceremony was attended by the president
- [CI Capital Concludes EGP 1.3B Securitized Bond Issuance for Al-Tameer Leasing and Factoring (Al Oula)](https://www.dailynewsegypt.com/2025/09/02/ci-capital-concludes-egp-1-3b-securitized-bond-issuance-for-al-tameer-leasing-and-factoring-al-oula/) - CI Capital acted as the Sole Financial Advisor, Issuance Manager, Bookrunner, and Lead Arranger
- [Gaza death toll surpasses 63,000 as global outcry over genocide intensifies](https://www.dailynewsegypt.com/2025/09/01/gaza-death-toll-surpasses-63000-as-global-outcry-over-genocide-intensifies/) - The Gaza Health Ministry reported on Monday that the death toll in Gaza has now surpassed 63,000, with over 160,000 others wounded since Israel's assault began on October 7, 2023. In the last 24 hours alone, Israeli airstrikes claimed the lives of 98 Palestinians and injured 404 more, intensifying the humanitarian crisis in the region.
- [Egypt's Petroleum Minister highlights pipeline company's role in energy hub strategy](https://www.dailynewsegypt.com/2025/09/01/egypts-petroleum-minister-highlights-pipeline-companys-role-in-energy-hub-strategy/) - Egypt's petroleum minister has affirmed the key role of the state-owned Petroleum Pipelines Company (PPC) in enhancing Egypt's position as a regional energy trading hub, citing its capacity to transport and store crude oil from the Red Sea to the Mediterranean. Speaking at the company's general assembly, Minister of Petroleum and Mineral Resources Karim Badawi
- [Egypt outlines priorities for achieving food security at G20 meeting in Cairo](https://www.dailynewsegypt.com/2025/09/01/egypt-outlines-priorities-for-achieving-food-security-at-g20-meeting-in-cairo/) - Minister of Finance Ahmed Kouchouk has presented Egypt’s and Africa’s priorities for achieving food security during a G20 meeting held in Cairo. Kouchouk stressed that Egypt has worked to expand agricultural land, boost productivity, and ensure the availability of food supplies in sufficient quantities. He explained that the government funds a variety of programmes to
- [Egypt's FM meets with Slovenian, Albanian PMs, EU's Kallas at Bled Forum](https://www.dailynewsegypt.com/2025/09/01/egypts-fm-meets-with-slovenian-albanian-pms-eus-kallas-at-bled-forum/) - Egyptian Foreign Minister Badr Abdelatty held a series of high-level meetings on Monday on the sidelines of the Bled Strategic Forum in Slovenia, discussing bilateral cooperation and regional issues, with a focus on the Gaza crisis. Abdelatty met with Slovenian Prime Minister Robert Golob, Albanian Prime Minister Edi Rama, EU High Representative for Foreign Affairs
- [Egypt PM at SCO summit: Israeli war in Gaza a 'war of starvation'](https://www.dailynewsegypt.com/2025/09/01/egypt-pm-at-sco-summit-israeli-war-in-gaza-a-war-of-starvation/) - Egyptian Prime Minister Mostafa Madbouly on Monday said the ongoing Israeli war against the Palestinian people had become a "war of starvation" aimed at "liquidating the Palestinian cause." Speaking on behalf of President Abdel Fattah Al-Sisi at the Shanghai Cooperation Organisation (SCO) Plus summit in Tianjin, China, Madbouly said the Palestinian people are facing "all
- [United Bank unveils new strategic vision focused on innovation, sustainable growth: CEO](https://www.dailynewsegypt.com/2025/09/01/united-bank-unveils-new-strategic-vision-focused-on-innovation-sustainable-growth-ceo/) - Tarek Fayed, CEO and Managing Director of United Bank, has revealed the bank's new strategic vision, designed to strengthen its position in Egypt's competitive banking market. In his first public statement since taking office, Fayed outlined a comprehensive strategy that underscores the bank's commitment to supporting Egypt’s economic development plans, in alignment with Vision 2030.
- [Egypt aims to strengthen agricultural cooperation with Kuwait](https://www.dailynewsegypt.com/2025/09/01/egypt-aims-to-strengthen-agricultural-cooperation-with-kuwait/) - Alaa Farouk, Egypt's Minister of Agriculture and Land Reclamation, met with Mohamed Gaber Abou El Wafa, Egypt’s newly appointed ambassador to Kuwait, to discuss strengthening agricultural cooperation between the two nations. Abou El Wafa is set to begin his duties in the coming days. During the meeting, the two officials explored key areas of collaboration
- [CBE sets governance, fit criteria for payment sector officials](https://www.dailynewsegypt.com/2025/09/01/cbe-sets-governance-fit-criteria-for-payment-sector-officials/) - The Central Bank of Egypt (CBE) has introduced new governance and internal control regulations, alongside fit and proper criteria for key officials of payment system operators and service providers. These guidelines, which align with the Central Bank and Banking Sector Law No. 194 of 2020, are part of the CBE’s efforts to enhance the governance
- [Egypt, Türkiye discuss boosting bilateral trade to $7bn](https://www.dailynewsegypt.com/2025/09/01/egypt-turkiye-discuss-boosting-bilateral-trade-to-7bn/) - Abdel Aziz El-Sherif, Head of the Egyptian Commercial Service, met with Çağlar Gökşu, Commercial Counselor of the Turkish Embassy in Cairo, to explore opportunities for deepening economic and trade cooperation between Egypt and Türkiye . El-Sherif emphasized the importance of developing a joint executive plan aimed at increasing trade volume between the two nations to
- [Egypt, Sudan discuss strengthening economic ties, expanding bilateral cooperation](https://www.dailynewsegypt.com/2025/09/01/egypt-sudan-discuss-strengthening-economic-ties-expanding-bilateral-cooperation/) - Minister of Investment and Foreign Trade, Hassan El-Khatib, met with Sudanese Minister of Minerals, Nour El-Dayim Mohamed, and his delegation to explore ways to strengthen economic relations between Egypt and Sudan. The meeting also reviewed a range of issues of mutual interest. El-Khatib reiterated Egypt’s continued commitment to supporting Sudan’s stability and economic development. He
- [Egypt’s health minister discusses cooperation with Biogeneric Pharma](https://www.dailynewsegypt.com/2025/09/01/egypts-health-minister-discusses-cooperation-with-biogeneric-pharma/) - Egypt’s Deputy Prime Minister and Minister of Health and Population, Khaled Abdel Ghaffar, met on Monday with Ashraf Rabie, Vice President of Biogeneric Pharma, to discuss cooperation in strengthening the country’s healthcare sector, the ministry said in a statement. Hossam Abdel Ghaffar, the ministry’s spokesperson, said the meeting reviewed the company’s achievements since the
- [FRA greenlights new real estate funds, financing firms in Egypt](https://www.dailynewsegypt.com/2025/09/01/fra-greenlights-new-real-estate-funds-financing-firms-in-egypt/) - Egypt's financial regulator has issued a series of approvals for eight companies, including the establishment of new real estate investment funds and licenses to operate in investment and non-banking financial activities, the authority said in a statement on Sunday. The Financial Regulatory Authority's (FRA) committee for licensing companies approved the establishment of Bokra Private Equity
- [Egypt’s Environment Minister leads key meeting to accelerate preparations for Barcelona Convention](https://www.dailynewsegypt.com/2025/09/01/egypts-environment-minister-leads-key-meeting-to-accelerate-preparations-for-barcelona-convention/) - Egypt’s Local Development and Acting Environment Minister, Manal Awad, chaired the 22nd meeting of the Environmental Protection Fund (EPF) to advance efforts in strengthening the fund’s role in environmental protection. A key focus of the meeting was supporting Egypt’s preparations to host the 24th Meeting of the Contracting Parties to the Barcelona Convention (COP24)—the Convention
- [Egypt plans EGP 136.3bn investment in electricity, renewables for FY 2025/26](https://www.dailynewsegypt.com/2025/09/01/egypt-plans-egp-136-3bn-investment-in-electricity-renewables-for-fy-2025-26/) - Egypt plans to invest EGP 136.3bn in its electricity and renewable energy sector for the fiscal year (FY) 2025/26, according to a plan outlined by the Ministry of Planning, Economic Development and International Cooperation. The ministry said the total targeted investments represent a significant increase from the EGP 72.6bn targeted for FY 2024/25 and the
- [US ambassador celebrates Egypt’s top Thanawaya Amma students, launches $50,000 training initiative](https://www.dailynewsegypt.com/2025/09/01/us-ambassador-celebrates-egypts-top-thanawaya-amma-students-launches-50000-training-initiative/) - US Ambassador to Egypt Herro Mustafa Garg hosted a special reception at the US Embassy in Cairo to honour the top-performing Thanawaya Amma students of 2025. The event brought together distinguished guests including former Foreign Minister Mohamed El-Orabi, representatives of leading US companies, and alumni of American exchange programmes. In her remarks, Ambassador Garg praised
- [India marks 11 years of Pradhan Mantri Jan Dhan Yojana—world’s largest financial inclusion programme](https://www.dailynewsegypt.com/2025/09/01/india-marks-11-years-of-pradhan-mantri-jan-dhan-yojana-worlds-largest-financial-inclusion-programme/) - India’s Pradhan Mantri Jan Dhan Yojana (PMJDY) has transformed global financial inclusion, bringing more than 560 million people into the formal banking system since its launch in 2014. As the programme celebrates its 11th anniversary this week, it stands as the world’s largest initiative of its kind and a cornerstone of India’s efforts to foster
- [US, Egypt launch Bright Star 25 military exercises with participation from 40 nations](https://www.dailynewsegypt.com/2025/09/01/us-egypt-launch-bright-star-25-military-exercises-with-participation-from-40-nations/) - The multinational military exercise Bright Star 25 officially began this week at Mohamed Naguib Military Base, co-hosted by US Central Command (CENTCOM) and the Egyptian Armed Forces. The opening ceremony, held on 28 August, underscored the United States’ commitment to deepening security cooperation with Egypt and its international partners. First launched in 1980, Bright Star
- [Supply Minister reviews goods availability, market regulation with Holding Company, subsidiary leaders](https://www.dailynewsegypt.com/2025/08/31/supply-minister-reviews-goods-availability-market-regulation-with-holding-company-subsidiary-leaders/) - Sherif Farouk, Minister of Supply and Internal Trade, convened an extensive meeting with senior officials from the Food Industries Holding Company, heads of its subsidiary firms—including wholesale companies and consumer complexes—and representatives from private-sector milling companies. The meeting comes as part of the Ministry’s ongoing efforts to strengthen the food supply chain, maintain strategic reserves
- [Egypt intensifies climate action ahead of COP30 in Brazil](https://www.dailynewsegypt.com/2025/08/31/egypt-intensifies-climate-action-ahead-of-cop30-in-brazil/) - Egypt’s Minister of Local Development and Acting Minister of Environment, Manal Awad, convened a high-level coordination meeting with senior officials from the Ministry of Environment and the Central Department for Climate Change to review Egypt’s climate efforts in preparation for the upcoming COP30 climate summit in Brazil next year. During the meeting, Awad emphasized that
- [STM Investment, Misr Insurance sign protocol to provide comprehensive project coverage](https://www.dailynewsegypt.com/2025/08/31/stm-investment-misr-insurance-sign-protocol-to-provide-comprehensive-project-coverage/) - Mohamed Farid, Chairperson of the Financial Regulatory Authority (FRA), has witnessed the signing of a cooperation protocol between Misr Insurance, a subsidiary of the Sovereign Fund of Egypt, and STM Investment, a company active in real estate development, investment, and project management. The agreement represents a strategic step toward bolstering the national economy and fostering
- [Finance Ministry to offer EGP 838bn in treasury bills, bonds in September 2025](https://www.dailynewsegypt.com/2025/08/31/finance-ministry-to-offer-egp-838bn-in-treasury-bills-bonds-in-september-2025/) - The Ministry of Finance has announced that it will offer treasury bills and bonds worth a total of EGP 838bn in September 2025. The issuance will comprise 20 treasury bill tenders amounting to EGP 720bn and 22 bond tenders worth EGP 118bn. This offering is part of a broader plan by the government to issue
- [Industry Minister launches 1,386 fully serviced industrial plots across 23 governorates](https://www.dailynewsegypt.com/2025/08/31/industry-minister-launches-1386-fully-serviced-industrial-plots-across-23-governorates/) - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, has announced the launch of the 11th offering of industrial land plots through the Egypt Industrial Digital Platform (madein.eg). This offering includes 1,386 fully serviced plots across 23 governorates, covering a total area of 6.8 million square meters. Applications will be
- [Israel claims airstrike kills Hamas spokesperson Abu Ubaida](https://www.dailynewsegypt.com/2025/08/31/israel-claims-airstrike-kills-hamas-spokesperson-abu-ubaida/) - Israeli Defence Minister Israel Katz announced Sunday that the Israeli military killed Abu Ubaida, the spokesperson for Hamas’s armed wing, the Al-Qassam Brigades, in an airstrike carried out the previous day. Posting on X (formerly Twitter), Katz said the operation had “eliminated” Hamas’s longtime spokesperson. The Israeli military and internal security agency Shin Bet later
- [China hosts largest-ever SCO summit with focus on security, economy](https://www.dailynewsegypt.com/2025/08/31/china-hosts-largest-ever-sco-summit-with-focus-on-security-economy/) - The 25th Shanghai Cooperation Organisation (SCO) summit opened in Tianjin, China, on Sunday, with leaders including China's Xi Jinping and Russia's Vladimir Putin set to discuss security and economic cooperation at what has been billed as the group's largest-ever meeting. Chinese President Xi Jinping hosted an official dinner on Saturday evening to kick off the
- [Egypt’s ready-made garment exports surge 26% in 7M 2025](https://www.dailynewsegypt.com/2025/08/31/egypts-ready-made-garment-exports-surge-26-in-7m-2025/) - Egypt’s ready-made garment exports surged impressively during the first seven months of 2025, reaching approximately $1.939bn, up from $1.539bn during the same period last year—an annual growth rate of 26%. According to the Apparel Export Council (AEC), these figures mark the beginning of a new, more expansive phase in the sector’s export performance. Fadel Marzouk,
- [Majid Al Futtaim celebrates milestone with 100th retail store, first Carrefour in Suez](https://www.dailynewsegypt.com/2025/08/31/majid-al-futtaim-celebrates-milestone-with-100th-retail-store-first-carrefour-in-suez/) - Majid Al Futtaim, the leading developer and operator of shopping malls, communities, retail, and leisure destinations across the Middle East, Africa, and Asia, has reached a new investment milestone with the opening of its 100th retail store in Egypt—and its first Carrefour in Suez governorate. The launch reinforces the Group’s long-standing confidence in the Egyptian
- [Egypt ramps up preparations for 8th Cairo Water Week with strong global engagement](https://www.dailynewsegypt.com/2025/08/31/egypt-ramps-up-preparations-for-8th-cairo-water-week-with-strong-global-engagement/) - Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, has received an extensive progress report from Waleed Haqqi, Head of the Planning Sector and CEO of Cairo Water Week, detailing preparations for the 8th edition of the event. Scheduled to take place from 12–16 October 2025, Cairo Water Week will be held under the patronage
- [Egypt advances national industry, attract global investment: Minister](https://www.dailynewsegypt.com/2025/08/31/egypt-advances-national-industry-attract-global-investment-minister/) - Mohamed Salah El-Din Mostafa, Minister of State for Military Production, has affirmed that the successful localisation of armoured steel manufacturing at Abu Zaabal Engineering Industries Company (Factory 100)—in partnership with the private sector—is a historic milestone for Egypt. This achievement places Egypt among only six countries globally capable of producing this strategic material, which is
- [Egypt targets EGP 144.8bn investment in agriculture, irrigation](https://www.dailynewsegypt.com/2025/08/31/egypt-targets-egp-144-8bn-investment-in-agriculture-irrigation/) - Egypt is targeting total investments of EGP 144.8bn ($3bn) for the agriculture and irrigation sectors in its plan for the fiscal year (FY) 2025/26, the Ministry of Planning, Economic Development and International Cooperation announced on Sunday. The plan, which was detailed in a ministry report, allocates EGP 17.5bn in public investments and EGP 127.4bn in
- [RED IN, ACE – Moharram Bakhoum partner to launch JOYA Residence in New Obour](https://www.dailynewsegypt.com/2025/08/31/red-in-ace-moharram-bakhoum-partner-to-launch-joya-residence-in-new-obour/) - RED IN Developments has announced the signing of a contract with ACE – Moharram Bakhoum, one of Egypt and the Middle East’s leading consultancy firms, as part of its preparations to launch its newest project, JOYA Residence, located in the Golden Square of New Obour City. Mohamed El-Mansy, Chairperson of RED IN Developments, said that
- [Top 10 Egyptian developers record EGP 651bn in H1 2025 sales, marking 47% growth](https://www.dailynewsegypt.com/2025/08/31/top-10-egyptian-developers-record-egp-651bn-in-h1-2025-sales-marking-47-growth/) - Egypt’s real estate market witnessed a significant surge in the first half (H1) of 2025, with the country’s top 10 developers achieving combined sales of around EGP 651bn, compared to EGP 442bn in the same period of 2024 — marking a growth of 47%, according to a new report by The Board Consulting, a market
- [Egypt’s real estate sector anticipates investment surge following CBE’s rate cut](https://www.dailynewsegypt.com/2025/08/31/egypts-real-estate-sector-anticipates-investment-surge-following-cbes-rate-cut/) - The Central Bank of Egypt (CBE) announced on Thursday, August 28, 2025, a 200-basis-point reduction in key interest rates during its Monetary Policy Committee meeting. The overnight deposit rate was lowered to 22%, the lending rate to 23%, and both the main operation and discount rates to 22.5%. This move comes as Egypt’s annual urban
- [British Embassy in Cairo closes after Egypt removes security barriers](https://www.dailynewsegypt.com/2025/08/31/british-embassy-in-cairo-closes-after-egypt-removes-security-barriers/) - The British Embassy in Cairo announced on Sunday it was closing its main building after Egyptian authorities removed security barriers from outside the premises, in a move seen as a direct response to an incident at the Egyptian embassy in London. "The Egyptian authorities removed the security barriers outside the British Embassy in Cairo on
- [Egypt's PM meets with Chinese firms to discuss energy, water desalination projects](https://www.dailynewsegypt.com/2025/08/31/egypts-pm-meets-with-chinese-firms-to-discuss-energy-water-desalination-projects/) - Egyptian Prime Minister Mostafa Madbouly held a series of meetings with the heads of major Chinese companies on Sunday to discuss expanding investment in Egypt, particularly in renewable energy, water desalination, and electric vehicle manufacturing. The meetings took place on the sidelines of the Shanghai Cooperation Organisation (SCO) Plus summit in Tianjin, which Madbouly is
- [Indian PM Modi meets Chinese President Xi on sidelines of SCO Summit](https://www.dailynewsegypt.com/2025/08/31/indian-pm-modi-meets-chinese-president-xi-on-sidelines-of-sco-summit/) - The Indian leader also stressed that the collaboration between India and China, home to 2.8 billion people, holds immense significance
- [SCO summit opens in China with leaders from over 20 countries attending](https://www.dailynewsegypt.com/2025/08/31/sco-summit-opens-in-china-with-leaders-from-over-20-countries-attending/) - Emphasis will be placed on establishing an SCO Development Bank and expanding SCO interbank association to accelerate formation of a payment infrastructure
- [Putin: Russia-China progress is for the benefit of all humanity](https://www.dailynewsegypt.com/2025/08/31/putin-russia-china-progress-is-for-the-benefit-of-all-humanity/) - Russian President Vladimir Putin has praised the strengthening cooperation between Russia and China within the BRICS group, stating that the two countries are actively working to enhance the bloc's influence as a core mechanism of the international architecture. In an interview with China's Xinhua News Agency, a partner of TV BRICS, Putin said the two
- [Egypt's tax revenues surge 35% to EGP 2.2 trn in last fiscal year](https://www.dailynewsegypt.com/2025/08/30/egypts-tax-revenues-surge-35-to-egp-2-2-trn-in-last-fiscal-year/) - Egypt's tax revenues surged by 35% to reach EGP 2.2trn ($46bn) in the last fiscal year, a growth achieved without imposing any new taxes or additional burdens, the head of the Egyptian Tax Authority said. Rasha Abdel Aal stated that a path of "tax facilitation," based on building trust and partnership with the business community,
- [Four global energy firms commit $343m to Egypt’s oil, gas exploration](https://www.dailynewsegypt.com/2025/08/30/four-global-energy-firms-commit-343m-to-egypts-oil-gas-exploration/) - Egypt has secured four new oil and gas exploration agreements worth a combined $343m with leading international energy companies, as part of the Petroleum Ministry’s strategy to intensify exploration and boost production. Petroleum and Mineral Resources Minister Karim Badawi attended the signing ceremony, which formalised partnerships between the Egyptian Natural Gas Holding Company (EGAS) and
- [Madbouly urges Chinese investment in Egypt’s EV, desalination, and renewable energy](https://www.dailynewsegypt.com/2025/08/30/madbouly-urges-chinese-investment-in-egypts-ev-desalination-and-renewable-energy/) - Egypt’s Prime Minister Mostafa Madbouly has called on Chinese companies to expand their investments in Egypt, particularly in electric vehicles (EVs), water desalination, and renewable energy components, as the government seeks to accelerate industrial localisation and strengthen cooperation with Beijing. Madbouly held talks on Saturday with Cai Qi, member of the Standing Committee of the
- [Market awaits repercussions of 2% rate cut on savings, loans, and debt instruments](https://www.dailynewsegypt.com/2025/08/30/market-awaits-repercussions-of-2-rate-cut-on-savings-loans-and-debt-instruments/) - The banking sector and wider financial markets are bracing for the impact of the Central Bank of Egypt’s (CBE) surprise decision last Thursday to cut key policy rates by 200 basis points, with attention now focused on how the move will affect savings returns, lending costs, and government debt instruments. The Monetary Policy Committee (MPC)
- [Gaza siege deepens humanitarian catastrophe amid mounting global calls for ceasefire](https://www.dailynewsegypt.com/2025/08/30/gaza-siege-deepens-humanitarian-catastrophe-amid-mounting-global-calls-for-ceasefire/) - The humanitarian crisis in Gaza is worsening as international pressure grows for an immediate ceasefire to end the devastation caused by Israel’s ongoing military campaign. The Gaza Ministry of Health reported on Saturday that 71 Palestinians were killed and 339 others wounded in the past 24 hours, bringing the death toll since March 18 to
- [CBE projects inflation to ease to 14–15% in 2025](https://www.dailynewsegypt.com/2025/08/30/cbe-projects-inflation-to-ease-to-14-15-in-2025/) - The Central Bank of Egypt (CBE) expects headline inflation to decline to between 14% and 15% in 2025, after slowing to 15.2% in the second quarter compared with 16.5% in the first. The projection was announced following the latest meeting of the Monetary Policy Committee (MPC), which cut key interest rates by two percentage points
- [After recent 2% rate cut, CBE signals shift in monetary policy](https://www.dailynewsegypt.com/2025/08/30/after-recent-2-rate-cut-cbe-signals-shift-in-monetary-policy/) - This year marks a significant shift in the Central Bank of Egypt’s (CBE) monetary policy, as it moves from a prolonged phase of tightening to a gradual easing cycle. Since April, the CBE has reduced interest rates by a cumulative 5.25% across three meetings—the first such sequence since November 2020. The cycle began with a
- [CBE net profit surges to EGP 77.5bn in June 2025](https://www.dailynewsegypt.com/2025/08/30/cbe-net-profit-surges-to-egp-77-5bn-in-june-2025/) - The Central Bank of Egypt (CBE) reported a sharp rise in profitability, recording a net profit of EGP 77.55bn in June 2025, compared with EGP 22.83bn a year earlier. The latest financial results highlight the central bank’s strengthened position, both in terms of earnings and balance sheet growth. The CBE’s assets increased to EGP 6.335trn
- [Lebanese Prime Minister visits Egypt’s Grand Egyptian Museum](https://www.dailynewsegypt.com/2025/08/30/lebanese-prime-minister-visits-egypts-grand-egyptian-museum/) - Lebanon’s Prime Minister Nawaf Salam on Saturday visited Egypt’s Grand Egyptian Museum in Cairo, accompanied by Culture Minister Ghassan Salamé, Energy and Water Minister Joseph Sadi, and an official delegation, the museum authority said in a statement. Ahmed Ghoneim, CEO of the Grand Egyptian Museum Authority, received the delegation and guided them on a
- [Train derailment in Matrouh kills three, injures 94](https://www.dailynewsegypt.com/2025/08/30/train-derailment-in-matrouh-kills-three-injures-94/) - Egypt’s Health Ministry announced on Saturday that three people were killed and 94 others injured when several carriages of a passenger train derailed in Matrouh governorate. The ministry said the train, travelling from Alexandria to Matrouh, overturned, prompting the dispatch of 30 ambulances to the site. The injured were transferred to Dabaa Central Hospital and
- [We strive to ease burdens on citizens, investors: Finance Minister](https://www.dailynewsegypt.com/2025/08/30/we-strive-to-ease-burdens-on-citizens-investors-finance-minister/) - Minister of Finance Ahmed Kouchouk affirmed that the government is working to ease burdens on citizens and investors through a comprehensive vision for growth and development. He noted that strong financial results were achieved in the last fiscal year thanks to enhanced cooperation with the private sector. Speaking at a press conference to review the
- [Chinese president reaffirms support for expanded investment in Egypt](https://www.dailynewsegypt.com/2025/08/30/chinese-president-reaffirms-support-for-expanded-investment-in-egypt/) - Egyptian Prime Minister Mostafa Madbouly met Chinese President Xi Jinping on Saturday at the Guest House in Tianjin, on the sidelines of the Shanghai Cooperation Organization Summit, where Madbouly participated on behalf of President Abdel Fattah Al-Sisi. The discussions covered a wide range of political, economic, and development issues of mutual interest. At the start
- [Rubio hands final USAID liquidation to White House budget chief](https://www.dailynewsegypt.com/2025/08/30/rubio-hands-final-usaid-liquidation-to-white-house-budget-chief/) - US Secretary of State Marco Rubio announced on Friday that he is handing over the final liquidation of the US Agency for International Development (USAID) to Russ Vought, the director of the White House Office of Management and Budget, to oversee the dismantling of the embattled agency. "I joked with President Donald Trump that I
- [Syria accuses Israel of fresh incursion in Quneitra, days after deadly strikes](https://www.dailynewsegypt.com/2025/08/30/syria-accuses-israel-of-fresh-incursion-in-quneitra-days-after-deadly-strikes/) - The Israeli army entered a village in southern Syria's Quneitra province on Friday night and searched a number of homes before withdrawing, Syria's state news agency SANA reported on Saturday, the latest in a series of escalations in the region. SANA said that an Israeli army force consisting of 30 vehicles entered the village of
- [After touring aid sites, US senators slam Israeli 'propaganda' on Gaza](https://www.dailynewsegypt.com/2025/08/30/after-touring-aid-sites-us-senators-slam-israeli-propaganda-on-gaza/) - Two US senators who visited aid warehouses and crossings in Israel this week have accused Israeli authorities of "deliberately" obstructing aid into the Gaza Strip and presenting a narrative that was contrary to the reality on the ground. Senators Chris Van Hollen and Jeff Merkley, both Democrats, said they listened to what amounted to "pure
- [Global Forum on Nicotine 2025: Experts Call for Strengthening Scientific Communications to Reduce Tobacco Risks](https://www.dailynewsegypt.com/2025/08/28/global-forum-on-nicotine-2025-experts-call-for-strengthening-scientific-communications-to-reduce-tobacco-risks/) - The Polish capital, Warsaw, earlier this summer hosted the 12th edition of the Global Forum on Nicotine (GFN), featuring the participation of over 40 international experts. The discussions focused on one of the most pressing public health issues today: the growing spread of misinformation about low-risk nicotine products and its impact on global health policies.
- [ÈLM Developments Launches its First Project “ÈLM Tree” offering Green views and Competitive Prices in West Cairo](https://www.dailynewsegypt.com/2025/08/27/elm-developments-launches-its-first-project-elm-tree-offering-green-views-and-competitive-prices-in-west-cairo/) - The project extends over 58 feddans, with 32 feddans allocated to low-density residential units
- [Egypt unveils new Western Desert oil discovery adding 3,100 BOE per day](https://www.dailynewsegypt.com/2025/08/27/egypt-unveils-new-western-desert-oil-discovery-adding-3100-boe-per-day/) - Egypt’s Ministry of Petroleum and Mineral Resources has announced a new oil and gas discovery in the Western Desert, following the successful drilling of the exploratory well North Lotus Deep-1, operated by Agiba Petroleum in partnership with Italy’s Eni. According to the ministry, the well is contributing around 1,835 barrels of crude oil and 7
- [Egypt finalises preparations to produce new passenger car models amid growing Japanese cooperation](https://www.dailynewsegypt.com/2025/08/27/egypt-finalises-preparations-to-produce-new-passenger-car-models-amid-growing-japanese-cooperation/) - Egypt’s Minister of Public Enterprises Sector, Mohamed El-Shimy, affirmed that the ministry’s portfolio of companies is highly diversified, covering a wide range of sectors including cotton and textiles, chemicals and fertilisers, metallurgy and mining, automotive, pharmaceuticals, real estate development, contracting, tourism, and hospitality. El-Shimy said there are many promising investment opportunities across the ministry’s subsidiaries,
- [Egypt's SCZONE signs two projects with $11m in foreign investment](https://www.dailynewsegypt.com/2025/08/27/egypts-sczone-signs-two-projects-with-11m-in-foreign-investment/) - Egypt's Suez Canal Economic Zone (SCZONE) has signed contracts for two new projects with German and Greek companies, representing a combined foreign investment of $11m. Walid Gamal El-Din, chairperson of the SCZONE General Authority, signed a contract with Ewald Franz Kosters, chairman of German outdoor furniture manufacturer Sun Garden, to establish a project in the
- [Egypt reviews progress on Hurghada Green City sustainable tourism project](https://www.dailynewsegypt.com/2025/08/27/egypt-reviews-progress-on-hurghada-green-city-sustainable-tourism-project/) - Egypt’s Local Development Minister and Acting Environment Minister, Manal Awad, held an expanded meeting with the team of the Hurghada Green City project to assess ongoing efforts to transform the Red Sea resort into a model of sustainable tourism. According to a statement by the Environment Ministry, the project is being implemented in cooperation with
- [Joint venture to build $220m solar panel complex in Suez Canal Economic Zone](https://www.dailynewsegypt.com/2025/08/27/joint-venture-to-build-220m-solar-panel-complex-in-suez-canal-economic-zone/) - Egyptian Prime Minister Mostafa Madbouly on Wednesday witnessed the signing of a land usufruct contract for a $220m (EGP 11bn) industrial complex to produce solar cells, panels, and energy storage systems in the Suez Canal Economic Zone (SCZONE). The "Atom Solar Egypt" project is a partnership between Egyptian, Emirati, Bahraini, and Chinese investors. The integrated
- [Gaza death toll mounts as world leaders intensify calls for lasting ceasefire](https://www.dailynewsegypt.com/2025/08/27/gaza-death-toll-mounts-as-world-leaders-intensify-calls-for-lasting-ceasefire/) - The Health Ministry in Gaza announced on Wednesday that 76 people were killed and 298 others wounded in the past 24 hours by Israeli airstrikes, bringing the death toll since the resumption of military operations on 18 March to 11,050, with more than 46,800 wounded. Since the outbreak of the Israeli assault on Gaza on
- [CBE poised for rate cut as inflation cools, growth needs rise](https://www.dailynewsegypt.com/2025/08/27/cbe-poised-for-rate-cut-as-inflation-cools-growth-needs-rise/) - The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) will convene its fifth meeting of 2025 on Thursday, with markets and analysts awaiting what many believe will be another milestone in Egypt’s monetary easing cycle. After months of slowing inflation and signs of macroeconomic stability, there is now a near-consensus among experts
- [Al-Sisi affirms Egypt’s backing for Lebanon’s stability in Cairo talks with PM Salam](https://www.dailynewsegypt.com/2025/08/27/al-sisi-affirms-egypts-backing-for-lebanons-stability-in-cairo-talks-with-pm-salam/) - Egyptian President Abdel Fattah Al-Sisi on Wednesday received Lebanese Prime Minister Nawaf Salam in Cairo, in the latter’s first official visit to Egypt since taking office, the presidency announced. The talks were attended by Egyptian Prime Minister Mostafa Madbouly and several cabinet members, including Planning and International Cooperation Minister Rania al-Mashat, Electricity Minister Mahmoud Essmat,
- [Success is not viral hit—it’s ability to endure across many years: Wael Jassar](https://www.dailynewsegypt.com/2025/08/27/success-is-not-viral-hit-its-ability-to-endure-across-many-years-wael-jassar/) - In an era when music races at lightning speed and the scene is crowded with new voices and experiments, Lebanese singer Wael Jassar continues to stand apart. With the depth of his voice and the refinement of his emotions, he has secured a lasting place in the hearts of Arab listeners. In this interview, Jassar
- [International cooperation key to modernising Egypt’s tax system: ETA chief](https://www.dailynewsegypt.com/2025/08/27/international-cooperation-key-to-modernising-egypts-tax-system-eta-chief/) - Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), affirmed that international cooperation is a cornerstone of efforts to modernise Egypt’s tax system. Speaking during the launch of a specialised training course in international taxation—organised by the Tax Training Centre in cooperation with the World Bank and supported by the British Embassy—Abdel Aal said
- [Opinion | When Human Justice Redefined the Law: A Farewell to the World’s Kindest Judge](https://www.dailynewsegypt.com/2025/08/27/opinion-when-human-justice-redefined-the-law-a-farewell-to-the-worlds-kindest-judge/) - When a man of rare character departs from our world, the impact is not confined to the loss of a public figure, but extends to the absence of a great value he embodied in his daily life. This is precisely what happened with Judge Frank Caprio, who was not merely a local judge in the
- [Opinion | The Cairo–Riyadh Axis: A Sleeping Giant Awakens for Palestine](https://www.dailynewsegypt.com/2025/08/27/opinion-the-cairo-riyadh-axis-a-sleeping-giant-awakens-for-palestine/) - The NEOM Summit: More Than Diplomatic Courtesy When Egyptian President Abdel Fattah Al-Sisi met Saudi Crown Prince Mohammed bin Salman in NEOM last week, the ceremonial handshakes and warm embraces concealed a geopolitical shift in Middle Eastern politics. After Netanyahu’s controversial announcement of the Zionist vision of Greater Israel, the two strongest players in the
- [Madinet Masr in talks for three land plots in Riyadh as part of Saudi expansion](https://www.dailynewsegypt.com/2025/08/17/madinet-masr-in-talks-for-three-land-plots-in-riyadh-as-part-of-saudi-expansion/) - Abdallah Sallam, CEO and Managing Director of Madinet Masr for Housing and Development, announced that the company is negotiating the acquisition of three land plots in Riyadh, Saudi Arabia, ranging in size from 300,000 to 500,000 sqm. Speaking at the company’s roundtable on Sunday, Sallam explained that Madinet Masr’s regional expansion will be carried out
- [Health Ministry shuts down 16 unlicensed addiction, psychiatric centres in Cairo](https://www.dailynewsegypt.com/2025/08/26/health-ministry-shuts-down-16-unlicensed-addiction-psychiatric-centres-in-cairo/) - Egypt’s Ministry of Health announced on Tuesday the closure of 16 private addiction treatment and psychiatric facilities in Cairo’s Mokattam district after inspectors uncovered serious violations posing risks to patients’ safety. The move followed joint inspection campaigns conducted in coordination with the Interior Ministry’s anti-narcotics department, the National Council for Mental Health, and the ministry’s
- [Egyptian government considering incentives for large IPOs, says finance minister](https://www.dailynewsegypt.com/2025/08/26/egyptian-government-considering-incentives-for-large-ipos-says-finance-minister/) - Egyptian Prime Minister Mostafa Madbouly met on Tuesday with the new chairperson of the Egyptian Exchange (EGX), Islam Azzam, on his first day in office, reaffirming the government's full support for developing the country's capital market. The meeting, which was also attended by Finance Minister Ahmed Kouchouk and the chairperson of the Financial Regulatory Authority
- [Global condemnation mounts over Israeli strike on Gaza’s Nasser Hospital as civilian toll rises](https://www.dailynewsegypt.com/2025/08/26/global-condemnation-mounts-over-israeli-strike-on-gazas-nasser-hospital-as-civilian-toll-rises/) - The deadly strike on Nasser Hospital in Khan Younis, which killed dozens of civilians including five journalists, has drawn a wave of international condemnation, with governments, rights groups, and former diplomats denouncing the attack and urging accountability as Gaza’s humanitarian crisis deepens. Gaza’s Health Ministry said on Tuesday that Israeli strikes killed 75 people and
- [Egypt sees record $36.5bn in remittances during FY2024/25](https://www.dailynewsegypt.com/2025/08/26/egypt-sees-record-36-5bn-in-remittances-during-fy2024-25/) - The Central Bank of Egypt (CBE) announced on Tuesday that remittances from Egyptians working abroad hit an unprecedented $36.5bn in the fiscal year 2024/25, up from $21.9bn in 2023/24 — a surge of 66.2%. The CBE noted that inflows rose strongly in the final quarter of FY2024/25 (April–June), climbing 34.2% to around $10bn compared with
- [Egypt–UAE trade surges 77.7% to $4.8bn in H1 2025](https://www.dailynewsegypt.com/2025/08/26/egypt-uae-trade-surges-77-7-to-4-8bn-in-h1-2025/) - The trade exchange between Egypt and the United Arab Emirates (UAE) rose to $4.8bn in the first half (H1) of 2025, compared with $2.7bn in the same period of 2024, marking a 77.7% increase, the Central Agency for Public Mobilisation and Statistics (CAPMAS) announced on Tuesday. The release coincided with the visit of UAE President
- [Egypt pledges full support for African Water Facility, to host board meeting in November](https://www.dailynewsegypt.com/2025/08/26/egypt-pledges-full-support-for-african-water-facility-to-host-board-meeting-in-november/) - Egypt’s Minister of Water Resources and Irrigation, Hani Sewilam, reaffirmed on Tuesday his country’s commitment to supporting the African Water Facility (AWF) during Egypt’s two-year chairmanship of the organisation, which began in April 2025. Sewilam also serves as Chair of the AWF Governing Board. The announcement came during his meeting with AWF Executive Director Metshere
- [Egypt, Lebanon launch fifth session of Joint Agricultural Committee](https://www.dailynewsegypt.com/2025/08/26/egypt-lebanon-launch-fifth-session-of-joint-agricultural-committee/) - Egypt’s Minister of Agriculture and Land Reclamation, Alaa Farouk, on Tuesday welcomed his Lebanese counterpart, Nizar Hani, and an accompanying delegation of senior officials and private sector representatives, for the opening of the fifth session of the Egyptian-Lebanese Joint Agricultural Technical Committee, hosted in Cairo. Farouk highlighted the deep historical ties between Egypt and Lebanon,
- [Egypt's FM briefs Spain on Gaza deal, urges EU pressure on Israel](https://www.dailynewsegypt.com/2025/08/26/egypts-fm-briefs-spain-on-gaza-deal-urges-eu-pressure-on-israel/) - Egyptian Foreign Minister Badr Abdelatty on Tuesday briefed his Spanish counterpart on a proposed ceasefire deal for Gaza and urged the European Union to take "effective and specific measures" to compel Israel to comply with international law, Egypt's foreign ministry said. In a phone call with Spanish Foreign Minister José Manuel Albares, Abdelatty outlined the
- [Madbouly follows up on efforts to attract investment to Egypt's ICT sector](https://www.dailynewsegypt.com/2025/08/26/madbouly-follows-up-on-efforts-to-attract-investment-to-egypts-ict-sector/) - Egyptian Prime Minister Mostafa Madbouly on Tuesday reviewed the country's plans for digital transformation and efforts to attract more investment into the information and communications technology (ICT) sector. Madbouly met with Minister of Planning and International Cooperation, Rania Al-Mashat, and Minister of Communications and Information Technology, Amr Talaat, at the government's headquarters in New Alamein
- [ETA issues updated services guide for taxpayers](https://www.dailynewsegypt.com/2025/08/26/eta-issues-updated-services-guide-for-taxpayers/) - Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced on Tuesday the launch of the second edition of the taxpayer services guide. The initiative comes in line with Finance Minister Ahmed Kouchouk’s directives to accelerate the digitalisation of tax procedures and services. Abdel Aal explained that the updated guide, now available on the
- [Egypt sends trade mission to Ghana with 14 chemical, fertilizer firms](https://www.dailynewsegypt.com/2025/08/26/egypt-sends-trade-mission-to-ghana-with-14-chemical-fertilizer-firms/) - Egypt will launch a trade mission to Ghana from 25 to 30 August 2025, bringing together 14 companies from the Chemical and Fertilizers Export Council to explore investment opportunities and deepen bilateral economic ties. The mission is organised under the auspices of Egypt’s Ministry of Investment and Foreign Trade and Ghana’s Ministry of Trade, Industry,
- [Egypt to launch new housing initiative for expatriates on Aug. 30](https://www.dailynewsegypt.com/2025/08/26/egypt-to-launch-new-housing-initiative-for-expatriates-on-aug-30/) - Egyptian Prime Minister Mostafa Madbouly on Tuesday reviewed the status of the "Housing for All Egyptians" initiative and a new housing project for Egyptians living abroad, his office said in a statement. During a meeting with Housing Minister Sherif El-Sherbiny, the prime minister followed up on the current projects being implemented by the ministry. The
- [Petrobel, Petro Shorouk inject $1.03bn into exploration, production for FY2024/25](https://www.dailynewsegypt.com/2025/08/26/petrobel-petro-shorouk-inject-1-03bn-into-exploration-production-for-fy2024-25/) - Petrobel and Petro Shorouk have allocated $1.029bn in new investments for exploration and production activities during fiscal year 2024/25, according to results presented at the companies’ general assemblies, attended by petroleum sector leaders and representatives of international partners Eni, BP, Rosneft, Arkeus Energy, and Mubadala. Petroleum and Mineral Resources Minister Karim Badawi affirmed the continuation
- [SCZONE to launch first investment roadshow in Türkiye in September](https://www.dailynewsegypt.com/2025/08/26/sczone-to-launch-first-investment-roadshow-in-turkiye-in-september/) - The Suez Canal Economic Zone (SCZONE) will hold its first promotional roadshow in Türkiye by the end of September to attract new investments in its priority sectors, Chairperson Walid Gamal El-Din announced on Tuesday. He said the Authority is intensifying efforts to draw investors in line with Egypt’s strategy to deepen local industry, boost exports,
- [Egypt urges UK to clarify circumstances of citizen's arrest in London](https://www.dailynewsegypt.com/2025/08/26/egypt-urges-uk-to-clarify-circumstances-of-citizens-arrest-in-london/) - Egyptian Foreign Minister Badr Abdelatty held a phone call with British National Security Adviser Jonathan Powell on Tuesday to discuss bilateral relations and the arrest of an Egyptian citizen in London. During the call, Abdelatty said the foreign ministry is closely following the developments of the arrest of Ahmed Abdel Qader in London on Monday
- [Opinion | Trump and Lee Jae Myung: A Chance to Reshape Asia or the Beginning of Deeper Fractures?](https://www.dailynewsegypt.com/2025/08/26/opinion-trump-and-lee-jae-myung-a-chance-to-reshape-asia-or-the-beginning-of-deeper-fractures/) - US President Donald Trump has welcomed his South Korean counterpart, Lee Jae Myung, to the White House in a summit described as pivotal—not only for the future of bilateral ties but also for the broader geopolitical balance in Asia. While the meeting was seen as an attempt to recalibrate the US–South Korea alliance in the
- [Opinion | Beaten for Patriotism: Britain’s Embarrassing Double Standards](https://www.dailynewsegypt.com/2025/08/26/opinion-beaten-for-patriotism-britains-embarrassing-double-standards/) - The violent arrest and beating of Egyptian youth Ahmed Abdel Qader, widely known as “Mido,” in London on Tuesday has become more than an isolated incident — it is now a test of Britain’s credibility in honoring its international obligations and in the way it treats Egyptians abroad. Images of Mido being dragged and struck
- [Iranian researchers develop nanocomposite hydrogel to boost oil reservoir efficiency](https://www.dailynewsegypt.com/2025/08/26/iranian-researchers-develop-nanocomposite-hydrogel-to-boost-oil-reservoir-efficiency/) - Hydrogel 3-dimensional structure is reinforced with nanoparticles, providing thermal stability and mechanical strength required for harsh reservoir conditions.
- [Argentina develops new approach to treating glioblastoma, scientists say](https://www.dailynewsegypt.com/2025/08/26/argentina-develops-new-approach-to-treating-glioblastoma-scientists-say/) - Researchers from Argentina CONICET found that blocking the Foxp3 protein increases the sensitivity of glioblastoma to chemotherapy and radiotherapy
- [Sharjah's Wyatt wins opening round of Formula 1 powerboat championship](https://www.dailynewsegypt.com/2025/08/26/sharjahs-wyatt-wins-opening-round-of-formula-1-powerboat-championship/) - This year’s Formula 1 powerboat championship calendar is expected to include races in the Middle East with details to be announced
- [India launches mission to capture share of $1trn global semiconductor market](https://www.dailynewsegypt.com/2025/08/26/india-launches-mission-to-capture-share-of-1trn-global-semiconductor-market/) - As the global semiconductor industry is projected to reach $1 trillion by 2030, India is positioning itself to capture a significant share
- [Chile begins construction of $2.7bn metro line in Santiago](https://www.dailynewsegypt.com/2025/08/26/chile-begins-construction-of-2-7bn-metro-line-in-santiago/) - Chile has launched the construction of Line 9 of the Santiago Metro, a major project that will link the capital's city centre with the southern commune of Puente Alto, according to Prensa Latina, a partner of TV BRICS. President Gabriel Boric inaugurated the construction works this week. The new line will stretch 27 kilometres, include
- [BRICS motor rally from Urals to Moscow concludes at VDNH](https://www.dailynewsegypt.com/2025/08/26/brics-motor-rally-from-urals-to-moscow-concludes-at-vdnh/) - Delegates from 20 countries have completed the first international BRICS motor rally, travelling over 1,500 kilometres from Yekaterinburg in the Urals to Moscow, according to a TV BRICS report. The five-day journey concluded with a ceremonial finish at the VDNKh exhibition centre in the Russian capital. The rally aimed to strengthen the business and cultural
- [Latin American energy experts visit Russia to study sector, boost cooperation](https://www.dailynewsegypt.com/2025/08/26/latin-american-energy-experts-visit-russia-to-study-sector-boost-cooperation/) - Energy sector experts from Latin American and Caribbean countries are in Russia to study the country's energy sector and develop a plan for cooperation
- [Best Dissertation Proposal Writing Services in Egypt](https://www.dailynewsegypt.com/2025/08/25/best-dissertation-proposal-writing-services-in-egypt/) - Get expert dissertation proposal writing services in Egypt. Our professional writers deliver custom, high-quality proposals tailored to your academic needs
- [On the way to Washington, South Korea's Lee pushes back on US military request](https://www.dailynewsegypt.com/2025/08/25/on-the-way-to-washington-south-koreas-lee-pushes-back-on-us-military-request/) - South Korean President Lee Jae-myung said on Monday it would be "difficult" for Seoul to accept a US request for greater "flexibility" for American troops stationed in the country, a position he articulated just hours before a summit with US President Donald Trump. The concept of "flexibility" would allow US forces to adjust their positions,
- [Egyptian government follows up on fuel supplies for industrial, agricultural sectors](https://www.dailynewsegypt.com/2025/08/25/egyptian-government-follows-up-on-fuel-supplies-for-industrial-agricultural-sectors/) - Egyptian Prime Minister Mostafa Madbouly on Monday reviewed government efforts to provide petroleum products for the industrial, agricultural, and other key development sectors, his office said in a statement. At the start of the meeting, Madbouly affirmed that the government is moving forward with the state's plan to advance targeted sectors, led by industry and
- [At OIC, Egypt details Gaza aid efforts, condemns Israeli 'starvation' policy](https://www.dailynewsegypt.com/2025/08/25/at-oic-egypt-details-gaza-aid-efforts-condemns-israeli-starvation-policy/) - Egyptian Foreign Minister Badr Abdelatty on Monday condemned Israel's "blatant and systematic violations and commission of crimes and genocide against a defenceless people" at an emergency meeting of the Organisation of Islamic Cooperation (OIC) in Jeddah. The extraordinary session of the Council of Foreign Ministers was convened to discuss the ongoing Israeli "aggression" against the
- [Egypt, India explore strategic partnership in healthcare, vaccine manufacturing](https://www.dailynewsegypt.com/2025/08/25/egypt-india-explore-strategic-partnership-in-healthcare-vaccine-manufacturing/) - Egypt’s Deputy Prime Minister and Minister of Health, Khaled Abdel Ghaffar, met on Monday with Indian Ambassador to Cairo, Suresh K. Reddy, and his accompanying delegation to discuss expanding bilateral cooperation in healthcare, pharmaceuticals, and vaccine production, according to a statement from the Health Ministry. Ministry spokesperson Hossam Abdel Ghaffar said the discussions focused on
- [Al-Sisi briefed on Egypt’s transport megaprojects as East Nile Monorail set to open in November 2025](https://www.dailynewsegypt.com/2025/08/25/al-sisi-briefed-on-egypts-transport-megaprojects-as-east-nile-monorail-set-to-open-in-november-2025/) - Egypt's President Abdel Fattah Al-Sisi received a comprehensive update on Egypt’s major transportation and port infrastructure projects during a high-level meeting with Prime Minister Mostafa Madbouly on Monday, presidential spokesperson Mohamed El-Shennawy announced. The briefing covered the establishment, modernization, and operation of several key maritime ports, including the master plans for Gargoub Port and its
- [Israeli airstrike on Gaza hospital kills journalists, triggers global outcry](https://www.dailynewsegypt.com/2025/08/25/israeli-airstrike-on-gaza-hospital-kills-journalists-triggers-global-outcry/) - An Israeli airstrike on the Nasser Medical Complex in Khan Younis, southern Gaza, has drawn widespread international condemnation, fueling calls for an immediate ceasefire and unrestricted humanitarian access to the war-ravaged enclave. According to Gaza’s Health Ministry, the attack killed at least 20 people, including medical personnel, journalists, and civil defense workers, and left dozens
- [Egypt's Supply Minister reviews development plans for state sugar company](https://www.dailynewsegypt.com/2025/08/25/egypts-supply-minister-reviews-development-plans-for-state-sugar-company/) - Egypt's Minister of Supply and Internal Trade, Sherif Farouk, has met with the Chairperson of the state-owned Sugar and Integrated Industries Company (SIIC) to review the company's performance and its development plans for the coming period. The meeting with SIIC Chairperson Salah Fathy was part of the ministry's efforts to monitor the performance of its
- [Egypt explores private sector investment in waste recycling, organic fertilizer production](https://www.dailynewsegypt.com/2025/08/25/egypt-explores-private-sector-investment-in-waste-recycling-organic-fertilizer-production/) - Egypt’s Minister of Local Development and Acting Minister of Environment, Manal Awad, met on Monday with Mohamed El-Hanawi, CEO of a leading real estate group in Egypt and the Middle East, to discuss potential cooperation in recycling urban waste generated by the company’s residential cities and compounds, the ministry said in a statement. Awad reaffirmed
- [Intelli-Pro targets EGP 400m business volume by year-end](https://www.dailynewsegypt.com/2025/08/25/intelli-pro-targets-egp-400m-business-volume-by-year-end/) - Intelli-Pro for Engineering Solutions aims to achieve a business volume of around EGP 400m by the end of 2025, according to Founder and CEO Karim Ahmed. The announcement comes as the company renewed its partnership agreements with five major local institutions, reinforcing its position as one of Egypt’s leading providers of firefighting and safety systems.
- [ETA forms task force to integrate AI into Egypt’s tax system](https://www.dailynewsegypt.com/2025/08/25/eta-forms-task-force-to-integrate-ai-into-egypts-tax-system/) - Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), announced on Monday the creation of a dedicated task force to spearhead the integration of artificial intelligence technologies into Egypt’s tax system as part of the authority’s wider digital transformation drive. Abdel Aal emphasised that keeping pace with global technological shifts—chief among them artificial intelligence—has
- [ADIB Egypt partners with EHA to drive investment in health sector](https://www.dailynewsegypt.com/2025/08/25/adib-egypt-partners-with-eha-to-drive-investment-in-health-sector/) - Mohamed Ali, CEO and Managing Director of Abu Dhabi Islamic Bank (ADIB) – Egypt, met with Ahmed El-Sobky, Chairperson of the Egypt Healthcare Authority (EHA), at the authority’s headquarters in the New Administrative Capital. The meeting explored cooperation to boost investment in Egypt’s healthcare sector and support the authority’s digital transformation initiatives, in line with
- [Housing Ministry launches New Cairo residential project in partnership with private sector](https://www.dailynewsegypt.com/2025/08/25/housing-ministry-launches-new-cairo-residential-project-in-partnership-with-private-sector/) - Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny has announced the launch of a major investment opportunity in New Cairo, involving a 79-feddan plot of land owned by the Social Housing and Mortgage Finance Fund. The project will be offered under a partnership system, with the New Urban Communities Authority (NUCA) handling all offering,
- [Manufacturing, extractive index drops 11.9% in June 2025](https://www.dailynewsegypt.com/2025/08/25/manufacturing-extractive-index-drops-11-9-in-june-2025/) - The Central Agency for Public Mobilization and Statistics (CAPMAS) has announced that Egypt’s manufacturing and extractive industries production index, excluding crude oil and petroleum products, registered 119.23 in June 2025 (provisional figures) compared with 135.40 in May 2025 (final figures), marking a decline of 11.9%. CAPMAS explained that the index is compiled according to updated
- [Egypt, India explore deeper ICT cooperation in outsourcing, AI, and digital skills](https://www.dailynewsegypt.com/2025/08/25/egypt-india-explore-deeper-ict-cooperation-in-outsourcing-ai-and-digital-skills/) - Minister of Communications and Information Technology Amr Talaat met on Monday with Indian Ambassador to Egypt Suresh Reddy to discuss expanding bilateral cooperation in the ICT sector. Talks centred on outsourcing, digital capacity-building, artificial intelligence, start-up support, and attracting further Indian investment into Egypt’s growing ICT market. The meeting reviewed progress under the Memorandum of
- [Madbouly reviews progress on Cairo Airport’s new Terminal 4 project](https://www.dailynewsegypt.com/2025/08/25/madbouly-reviews-progress-on-cairo-airports-new-terminal-4-project/) - Prime Minister Mostafa Madbouly reviewed progress on the “Terminal 4” project at Cairo International Airport during a meeting on Sunday with Civil Aviation Minister Sameh El-Hefny at the government headquarters in New Alamein City. Madbouly stressed that the new terminal is a strategic project designed to deliver a major upgrade in services and infrastructure at
- [SCZONE signs $4.2m deal with Egyptian–Turkish consortium for container yards in Qantara West, Sokhna](https://www.dailynewsegypt.com/2025/08/25/sczone-signs-4-2m-deal-with-egyptian-turkish-consortium-for-container-yards-in-qantara-west-sokhna/) - The Suez Canal Economic Zone (SCZONE) signed two agreements on Monday with an Egyptian–Turkish consortium to establish bonded container yards in Qantara West and Sokhna. The signing ceremony, held at SCZONE headquarters in the New Administrative Capital, was attended by SCZONE Chairperson Waleid Gamal El-Din and Arab Organization for Industrialization (AOI) Chairperson Mokhtar Abdel Latif.
- [US still confident of Ukraine peace deal despite setbacks, Vance says](https://www.dailynewsegypt.com/2025/08/25/us-still-confident-of-ukraine-peace-deal-despite-setbacks-vance-says/) - US Vice President J.D. Vance said on Sunday he remains confident in the ability of the United States to broker an end to the war in Ukraine, despite recent obstacles, and reiterated that Washington would not send American troops to the country as part of any potential peace agreement. In an interview with NBC's "Meet
- [Egypt achieves 80% pharmaceutical self-sufficiency as Pharmaconex 2025 opens in Cairo](https://www.dailynewsegypt.com/2025/08/24/egypt-achieves-80-pharmaceutical-self-sufficiency-as-pharmaconex-2025-opens-in-cairo/) - Egypt continues to assert its leadership in the regional pharmaceutical industry, producing approximately 80% of its own pharmaceutical needs through over 170 licensed factories, which together produce more than 150 million medicine packs annually. This milestone was underscored as the 12th edition of Pharmaconex, the region’s premier pharmaceutical exhibition, will kick off on 1 September
- [Saib signs EGP 4.8bn financing deal for ‘Taj Tower’ in New Capital](https://www.dailynewsegypt.com/2025/08/24/saib-signs-egp-4-8bn-financing-deal-for-taj-tower-in-new-capital/) - Saib Bank has signed a medium-term financing agreement with the Egyptian International Construction Company (EICC) to fund the “Taj Tower” project in the New Administrative Capital, with a total investment of EGP 4.8bn. The agreement was formalized in a signing ceremony attended by key executives, including Afdal Naguib, CEO and Managing Director of saib, and
- [V Developments records EGP 500m sales in first month of Circle V campaign](https://www.dailynewsegypt.com/2025/08/24/v-developments-records-egp-500m-sales-in-first-month-of-circle-v-campaign/) - V Developments has announced that its Circle V campaign achieved sales exceeding EGP 500m within its first month since launching in July. Mohamed Hegazy, Chairperson of V Developments, said the campaign was built around a partnership model with 10 of the top real estate marketing companies. These firms receive full support and resources to enhance
- [ABK-Egypt renews bancassurance partnership with MetLife for seven years](https://www.dailynewsegypt.com/2025/08/24/abk-egypt-renews-bancassurance-partnership-with-metlife-for-seven-years/) - Al-Ahli Bank of Kuwait – Egypt (ABK-Egypt) announced on Sunday the renewal of its bancassurance partnership with MetLife Egypt for an additional seven years, extending a collaboration that has spanned more than a decade and significantly expanded insurance coverage for the bank’s customers. The renewal was formalized at a signing ceremony attended by senior
- [Gomblat appointed vice chairperson of National Authority for Military Production](https://www.dailynewsegypt.com/2025/08/24/gomblat-appointed-vice-chairperson-of-national-authority-for-military-production/) - Minister of State for Military Production Mohamed Salah El-Din Mostafa has appointed Salah Soliman Gomblat as Vice Chairperson and Managing Director of the National Authority for Military Production. The move comes is part of the ministry’s drive to inject fresh blood into the authority, drawing on executives with strong managerial credentials to advance its strategy,
- [Egypt’s Islamic banking market reaches EGP 1.303trn in June 2025](https://www.dailynewsegypt.com/2025/08/24/egypts-islamic-banking-market-reaches-egp-1-303trn-in-june-2025/) - Egypt's Islamic banking sector has seen significant growth, with total market size reaching EGP 1.303trn by June 2025, marking a 51% increase from the previous year, according to Mohamed El-Beltagy, Chairperson of the Egyptian Islamic Finance Association. This includes assets of Islamic banks, sukuk issuances, and other Sharia-compliant financial activities. In a detailed report issued
- [Egypt explores mining cooperation with Chile’s ambassador, ENAP Sipetrol delegation](https://www.dailynewsegypt.com/2025/08/24/egypt-explores-mining-cooperation-with-chiles-ambassador-enap-sipetrol-delegation/) - Karim Badawi, Egypt's Minister of Petroleum and Mineral Resources, has met with Roberto Ebert, the Chilean Ambassador to Cairo, alongside a delegation from Chile’s ENAP Sipetrol, a company engaged in oil and gas production in Egypt. The discussions centered on enhancing bilateral cooperation in both the oil and mining sectors, with a particular focus on
- [Egypt's PM reviews administrative reform efforts with CAOA head](https://www.dailynewsegypt.com/2025/08/24/egypts-pm-reviews-administrative-reform-efforts-with-caoa-head/) - Egyptian Prime Minister Mostafa Madbouly on Thursday met with the head of the Central Agency for Organisation and Administration (CAOA) to review the agency's efforts in administrative development and institutional reform. During the Sunday meeting in New Alamein, Madbouly stressed the importance of strengthening the agency's role in improving the efficiency of the state's administrative
- [World Bank financed 201 projects in Egypt worth $27.5bn since 1959](https://www.dailynewsegypt.com/2025/08/24/world-bank-financed-201-projects-in-egypt-worth-27-5bn-since-1959/) - The World Bank has financed 201 projects in Egypt worth a total of $27.5bn since it began its support in 1959, focusing on infrastructure, human capital, and private sector development, the bank said in a recent report. The report details the developments of the strategic partnership with Egypt, including the implementation of the Country Partnership
- [Egypt, ACDIMA discuss expanding pharmaceutical production, export opportunities](https://www.dailynewsegypt.com/2025/08/24/egypt-acdima-discuss-expanding-pharmaceutical-production-export-opportunities/) - Egypt’s Deputy Prime Minister and Minister of Health, Khaled Abdel Ghaffar, held a meeting on Sunday with representatives of the Arab Company for Drug Industries and Medical Appliances (ACDIMA) to discuss strengthening cooperation in the pharmaceutical sector, the Health Ministry said in a statement. The meeting, held at the Ministry’s headquarters in New Alamein
- [Egypt urges Germany to press for end to blatant Israeli crimes in Gaza](https://www.dailynewsegypt.com/2025/08/24/egypt-urges-germany-to-press-for-end-to-blatant-israeli-crimes-in-gaza/) - Egyptian Foreign Minister Badr Abdelatty held a phone call with his German counterpart, Johann Wadephul, on Sunday to discuss regional developments, with a focus on the situation in Gaza. Abdelatty expressed deep concern over increasing reports of famine in the Gaza Strip and stressed the international community's responsibility to end what he described as "blatant
- [Al-Sisi reviews Egypt’s national water security strategy, urges investment in smart water management](https://www.dailynewsegypt.com/2025/08/24/al-sisi-reviews-egypts-national-water-security-strategy-urges-investment-in-smart-water-management/) - Egyptian President Abdel Fattah Al-Sisi convened a meeting on Sunday with Prime Minister Mostafa Madbouly, key ministers, and senior military officials to assess the country’s water security situation and review ongoing projects, according to a statement from the presidency. Presidential spokesperson Mohamed El-Shennawy said the discussions focused on the country’s water needs for agriculture and
- [Egypt defends Gaza role amid rising death toll, intensified global pressure on Israel](https://www.dailynewsegypt.com/2025/08/24/egypt-defends-gaza-role-amid-rising-death-toll-intensified-global-pressure-on-israel/) - Egypt has firmly defended its role in supporting Gaza, with Foreign Ministry spokesperson Tamim Khalaf dismissing what he called a "systematic campaign" to undermine Egypt’s efforts. He described these claims as a "desperate attempt" to divert attention from Israel's ongoing violations in Palestinian territories. Khalaf called suggestions of Egyptian negligence “absurd and contrary to reality.”
- [LUD partners with Al-Amal Contracting to launch Apex Business Complex in New Capital](https://www.dailynewsegypt.com/2025/08/24/lud-partners-with-al-amal-contracting-to-launch-apex-business-complex-in-new-capital/) - Lozan Urban Developments (LUD) has officially signed a partnership agreement with Al-Amal Engineering & General Contracting Company, headed by Haitham Farhat, to begin the construction of the highly anticipated Apex Business Complex in the New Administrative Capital. This follows the successful completion of preliminary shoring works and the acquisition of necessary excavation permits. The partnership
- [IGI Developments launches 30% buyback guarantee on units within 2 years](https://www.dailynewsegypt.com/2025/08/24/igi-developments-launches-30-buyback-guarantee-on-units-within-2-years/) - IGI Developments, one of Egypt’s leading real estate developers, has unveiled an innovative investment offer that allows clients to purchase residential or investment units across its projects with the option to sell the unit back after two years, guaranteeing a return of up to 30%. This unique initiative provides clients with the flexibility to purchase
- [Methaq Arab Group launches first project in Egypt with planned investments of EGP 60bn](https://www.dailynewsegypt.com/2025/08/24/methaq-arab-group-launches-first-project-in-egypt-with-planned-investments-of-egp-60bn/) - Methaq Arab Group (MAG) has officially made its entry into the Egyptian market with the announcement of its first major project — a sprawling mixed-use development in East Cairo, backed by an impressive investment of EGP 60bn. The group, formed through a collaboration of Emirati expertise and Saudi-Egyptian capital, highlighted its strategic vision during a
- [Egypt to introduce new financing initiative to revive struggling factories, boost industrial growth](https://www.dailynewsegypt.com/2025/08/24/egypt-to-introduce-new-financing-initiative-to-revive-struggling-factories-boost-industrial-growth/) - Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, recently met with Alexandria Governor Lieutenant General Ahmed Khaled to address ongoing challenges facing investors in Alexandria’s industrial zones. This meeting is part of Al-Wazir’s broader efforts to engage with investors across the country and ensure a thriving industrial environment.
- [BUILDEX Developments launches Eden Park in 6th of October with EGP 600m sales target](https://www.dailynewsegypt.com/2025/08/24/buildex-developments-launches-eden-park-in-6th-of-october-with-egp-600m-sales-target/) - BUILDEX Developments has announced the launch of its latest residential project, Eden Park, in the Green Belt of 6th of October City, with projected sales exceeding EGP 600m. Mohamed Khaled Aboul Qassem, Chairman of BUILDEX Developments, said the project marks a key step in strengthening the company’s presence in West Cairo, showcasing its ability to
- [Valero Developments completes concrete works for CIRCLE 9 Mall, launches White Mall construction](https://www.dailynewsegypt.com/2025/08/24/valero-developments-completes-concrete-works-for-circle-9-mall-launches-white-mall-construction/) - Valero Developments has announced the completion of all concrete works for CIRCLE 9 Mall in Obour City, CEO Ahmed Abdel Salam confirmed. Abdel Salam said the company is preparing to begin the initial delivery of commercial units by October, noting that early handover underscores Valero’s commitment to delivering projects that not only meet but exceed
- [Evora Developments launches Pulse project within EGP 30bn investment strategy](https://www.dailynewsegypt.com/2025/08/24/evora-developments-launches-pulse-project-within-egp-30bn-investment-strategy/) - Evora Developments has announced the launch of its latest project, Pulse, as part of a wider strategy to inject EGP 30bn into Egypt’s real estate market over the coming years. Ebrahim Mohamed Abdo, Chairperson of Evora Developments, said the company’s EGP 30bn investment plan aims to diversify its portfolio across residential, commercial, administrative, and coastal
- [Misr Italia commits EGP 11bn to real estate investments in 2025](https://www.dailynewsegypt.com/2025/08/24/misr-italia-commits-egp-11bn-to-real-estate-investments-in-2025/) - Mohamed Khaled El Assal, CEO and Managing Director of Misr Italia Properties, announced that the company will invest a total of EGP 11bn in 2025, having already injected EGP 5bn, with the remaining EGP 6bn to be deployed in the coming months. El Assal highlighted the company’s flagship Solare project in Ras El Hekma, which
- [North Coast fees dispute driven by unclear implementation: FEI official](https://www.dailynewsegypt.com/2025/08/24/north-coast-fees-dispute-driven-by-unclear-implementation-fei-official/) - Amgad Hassanein, Board Member of the Federation of Egyptian Industries (FEI) and Vice Chairperson and Managing Director of Housing and Development Company, affirmed that Egypt’s real estate sector acknowledges the state’s right to collect fees in return for the large-scale infrastructure projects it is undertaking. However, he stressed that “the real issue lies in the
- [Gaza famine declared as Israeli strikes escalate, world pressure grows](https://www.dailynewsegypt.com/2025/08/23/gaza-famine-declared-as-israeli-strikes-escalate-world-pressure-grows/) - Gaza plunged deeper into crisis on Saturday as Israeli airstrikes pounded Gaza City for a third straight day and the United Nations confirmed famine had taken hold in the Strip—the first such declaration in the Middle East. Thick smoke billowed over several neighbourhoods as the Israeli army pressed its offensive to seize the city. Local
- [Egypt to host 3rd Global Conference on Population, Health and Human Development in November](https://www.dailynewsegypt.com/2025/08/23/egypt-to-host-3rd-global-conference-on-population-health-and-human-development-in-november/) - Egypt will host the third edition of the Global Conference on Population, Health and Human Development (PHDC’25) in the New Administrative Capital from 10 to 13 November, under the patronage of President Abdel Fattah Al-Sisi, the Ministry of Health announced on Saturday. Minister of Health and Population, and Deputy Prime Minister, Khaled Abdel Ghaffar chaired
- [Egypt gears up to host Barcelona Convention COP24 on Mediterranean Pollution in December](https://www.dailynewsegypt.com/2025/08/23/egypt-gears-up-to-host-barcelona-convention-cop24-on-mediterranean-pollution-in-december/) - Egypt is preparing to host the 24th Conference of the Parties (COP24) to the Barcelona Convention for the Protection of the Mediterranean Sea Against Pollution, scheduled to take place from 2 to 5 December, the Ministry of Environment announced on Saturday. Acting Environment Minister Manal Awad chaired a coordination meeting to follow up on preparations
- [Egypt's Al-Mashat holds talks with JICA, UNICEF, France at TICAD](https://www.dailynewsegypt.com/2025/08/23/egypts-al-mashat-holds-talks-with-jica-unicef-france-at-ticad/) - Egyptian Minister of Planning and International Cooperation Rania Al-Mashat held a series of bilateral meetings with officials from Japan, UNICEF, and the French Treasury on the sidelines of the Tokyo International Conference on African Development (TICAD9) to discuss strengthening international cooperation, her ministry said on Saturday. In a meeting with Hara Shohei, Senior Vice President
- [CIB Finance portfolio exceeds EGP 4.1bn in first year of operations](https://www.dailynewsegypt.com/2025/08/23/cib-finance-portfolio-exceeds-egp-4-1bn-in-first-year-of-operations/) - CIB Finance Company (CIFC), a subsidiary of the Commercial International Bank Egypt (CIB), has achieved strong performance since launching commercial operations in April 2024, with its factoring portfolio surpassing EGP 4.1bn and outstanding balances reaching approximately EGP 2.07bn in Q2 2025. These results highlight the company’s solid operational performance and ability to meet rising demand
- [Egypt to host inaugural AI Everything Middle East & Africa Summit in February 2026](https://www.dailynewsegypt.com/2025/08/23/egypt-to-host-inaugural-ai-everything-middle-east-africa-summit-in-february-2026/) - Egypt will host the first edition of the “AI Everything Middle East & Africa” Summit and Exhibition from 10 to 12 February 2026. Organised by GITEX GLOBAL Group in strategic partnership with the Information Technology Industry Development Agency (ITIDA), the event will mark a major milestone in positioning Egypt as a regional hub for artificial
- [Egypt implements EGP 12.7bn water, wastewater projects in Northwest Coast in 2024](https://www.dailynewsegypt.com/2025/08/23/egypt-implements-egp-12-7bn-water-wastewater-projects-in-northwest-coast-in-2024/) - Egypt has executed water and wastewater projects worth EGP 12.7bn in the Northwest Coast region over the past year, Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny announced during a visit to Matrouh on Saturday. El-Sherbiny met with Governor Khaled Shuaib at the governorate headquarters to follow up on development and service projects being
- [Egypt’s military production, petroleum ministries drive projects to boost citizens’ economic gains](https://www.dailynewsegypt.com/2025/08/23/egypts-military-production-petroleum-ministries-drive-projects-to-boost-citizens-economic-gains/) - Minister of State for Military Production Mohamed Salah El-Din has met with Minister of Petroleum and Mineral Resources Karim Badawi at the Ministry’s headquarters in the Government District of the New Administrative Capital to review ongoing and future cooperation between the two ministries. Salah El-Din highlighted joint efforts in several fields, most notably the production
- [Uncertainty surrounds potential Putin-Zelenskyy summit as Trump sets two-week deadline](https://www.dailynewsegypt.com/2025/08/23/uncertainty-surrounds-potential-putin-zelenskyy-summit-as-trump-sets-two-week-deadline/) - Uncertainty mounted on Friday over a potential peace summit between Russian President Vladimir Putin and his Ukrainian counterpart Volodymyr Zelenskyy, after U.S. President Donald Trump said he would make a "major decision" within two weeks, while Russia stated there were no plans for such a meeting. Speaking to reporters in the Oval Office, Trump expressed
- [Norway's wealth fund investments in Israel dominate election, could decide government](https://www.dailynewsegypt.com/2025/08/23/norways-wealth-fund-investments-in-israel-dominate-election-could-decide-government/) - Investments in Israel by Norway's sovereign wealth fund have dominated the run-up to the country's 8 September election, sparking a national debate over the management of the world's largest single stock market investor that could determine the next government. The controversy has tightened the race, with polls in August compiled by the website pollofpolls.no predicting
- [CBE reports developments in Egypt’s external debt in 2024](https://www.dailynewsegypt.com/2025/08/23/cbe-reports-developments-in-egypts-external-debt-in-2024/) - Egypt’s external debt stood at $155.1bn in December 2024, up by about $2.2bn (1.4%) compared to June 2024. This increase was mainly due to higher disbursements of external loans, which rose by $2.8bn, as well as the appreciation of the US dollar against other external debt currencies, adding $0.6bn. The latest figures – revealed by
- [Egypt backs UN plan for Libyan elections within 12-18 months](https://www.dailynewsegypt.com/2025/08/23/egypt-backs-un-plan-for-libyan-elections-within-12-18-months/) - Egypt on Saturday welcomed a new United Nations roadmap for resolving the crisis in Libya, which aims to form a temporary government to prepare for national elections within 12 to 18 months. In a statement, the Egyptian foreign ministry stressed the importance of adhering to this timeframe to ensure the credibility of the political process
- [South Korea's Lee in Japan for talks ahead of crucial Trump meeting](https://www.dailynewsegypt.com/2025/08/23/south-koreas-lee-in-japan-for-talks-ahead-of-crucial-trump-meeting/) - South Korean President Lee Jae-myung arrived in Japan on Saturday for his first formal summit with Prime Minister Shigeru Ishiba, in a visit aimed at strengthening security cooperation between the two countries before he meets the US president in Washington on Monday. Lee's choice of Japan for his first overseas trip is seen as a
- [“Narrative Summit” Releases 2025 Recommendations to Cement Egypt’s Position as a Global Tourism Destination](https://www.dailynewsegypt.com/2025/08/22/narrative-summit-releases-2025-recommendations-to-cement-egypts-position-as-a-global-tourism-destination/) - The Narrative Summit, Egypt’s first international nation branding platform, has unveiled its 2025 recommendations aimed at revitalizing and strengthening the country’s standing as a world-class tourism hub. The ninth edition of the Summit, held in April at Soma Bay on the Red Sea, brought together government ministers, international business leaders, and tourism experts to discuss
- [388 Egyptians emigrate in 2021, up from 184 in 2020: CAPMAS](https://www.dailynewsegypt.com/2022/07/21/388-egyptians-emigrate-in-2021-up-from-184-in-2020-capmas/) - Total number of Egyptians who obtained approval for emigration and acquired emigration status reached 388 emigrant in 2021 (126 obtained approval for emigration and 262 acquired emigration status), compared to 184 emigrants in 2020, with an increase of 110.9%, due to the decline of Covid-19 pandemic.
- [Egypt’s furniture exports expected to hit $350m by year-end: Wood chamber](https://www.dailynewsegypt.com/2025/08/20/egypts-furniture-exports-expected-to-hit-350m-by-year-end-wood-chamber/) - Alaa Nasr El-Din, Board Member of the Wood Working and Furniture Chamber at the Federation of Egyptian Industries, affirmed that Egypt’s furniture industry is undergoing a significant technological transformation, driven by advanced manufacturing techniques and the growing use of artificial intelligence (AI). Nasr El-Din projected that sector exports will surpass $350m by the end of
- [Egypt, ADIB explore strategic partnership in digital healthcare, investment](https://www.dailynewsegypt.com/2025/08/20/egypt-adib-explore-strategic-partnership-in-digital-healthcare-investment/) - Egypt Healthcare Authority held talks on Wednesday with Abu Dhabi Islamic Bank (ADIB) – Egypt to explore a strategic partnership in healthcare investment and digital transformation, the authority said in an official statement. The meeting, chaired by Ahmed El-Sobky, Chairperson of the Egypt Healthcare Authority and Supervisor of the Universal Health Insurance Project, brought together
- [CBE’s net foreign assets climb to $10.5bn in July 2025](https://www.dailynewsegypt.com/2025/08/20/cbes-net-foreign-assets-climb-to-10-5bn-in-july-2025/) - The Central Bank of Egypt (CBE) announced that its net foreign assets (NFA) rose to $10.491bn (EGP 511.211bn) in July 2025, up from $10.1bn (EGP 499.628bn) in June. Net foreign assets at the CBE are widely viewed as a key indicator of banking sector stability and resilience, representing the balance between the Bank’s foreign currency
- [Egypt hosts African Tax Administration Forum delegation](https://www.dailynewsegypt.com/2025/08/20/egypt-hosts-african-tax-administration-forum-delegation/) - The Egyptian Tax Authority (ETA) welcomed a delegation from the African Tax Administration Forum (ATAF) at its Tax Training Centre in Maadi. Rasha Abdel Aal, Head of the Authority, said the ETA is committed to maintaining openness and cooperation with regional and international institutions in training, knowledge exchange, and capacity building, in line with the
- [Cairo, Seoul discuss expanding investments in Egypt](https://www.dailynewsegypt.com/2025/08/20/cairo-seoul-discuss-expanding-investments-in-egypt/) - Hassan El-Khatib, Minister of Investment and Foreign Trade, met with South Korea’s Ambassador to Cairo, Kim Yong-hyun, and his accompanying delegation to discuss ways of strengthening economic cooperation and boosting South Korean investments in the Egyptian market. The talks also covered a number of issues of mutual interest. Both sides affirmed that Egypt and South
- [SCZONE showcases investment opportunities to eight Japanese companies](https://www.dailynewsegypt.com/2025/08/20/sczone-showcases-investment-opportunities-to-eight-japanese-companies/) - Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), held a high-level roundtable with representatives of eight Japanese companies exploring potential investments in the Zone across multiple sectors. The participating companies included Nippon Signal (railway signalling technologies), JOIN (a global infrastructure investment fund), Deloitte Tohmatsu (consultancy and business services), Compasspoint (logistics and sales
- [Egypt urges Israel to accept Gaza deal amid intensifying fighting](https://www.dailynewsegypt.com/2025/08/20/egypt-urges-israel-to-accept-gaza-deal-amid-intensifying-fighting/) - Egypt on Wednesday called on the international community to intensify efforts toward a comprehensive settlement of the Palestinian issue, urging Israel to accept a ceasefire deal endorsed by Hamas and based on a proposal from US envoy Steve Witkoff. In a statement, the Egyptian Foreign Ministry said that implementing the agreement would accelerate a ceasefire
- [Hurghada Festival honour crowns my journey, I choose roles that last: Ghada Adel](https://www.dailynewsegypt.com/2025/08/20/hurghada-festival-honour-crowns-my-journey-i-choose-roles-that-last-ghada-adel/) - After more than two decades in the spotlight, Egyptian star Ghada Adel remains one of the most versatile and influential actresses in Arab cinema and television. From comedy to romance and drama, her performances have captivated audiences across the region. On September 25, Adel will be honoured at the third Hurghada Youth Film Festival, receiving
- [Opinion | From Cannes to Edinburgh: Europe’s 2025 Festivals Demonstrate that Art Is a Powerful Instrument for Peace](https://www.dailynewsegypt.com/2025/08/20/opinion-from-cannes-to-edinburgh-europes-2025-festivals-demonstrate-that-art-is-a-powerful-instrument-for-peace/) - In the ancient streets of Edinburgh, where historic stones echo with the sounds of theatre, comedy, and music, the world is witnessing one of the boldest calls for peace: the 2025 International Fringe Festival. The world’s largest arts gathering, with more than 3,000 performances, has in its current edition transformed into a vibrant arena for
- [Opinion | The Gains of the Alaska Summit](https://www.dailynewsegypt.com/2025/08/20/opinion-the-gains-of-the-alaska-summit/) - The Alaska Summit between US President Donald Trump and Russian President Vladimir Putin was regarded as a rare and timely opportunity for the two leaders to act as allies, rather than adversaries, in shaping a better future for the world. Both had already hinted at being open to such a prospect. Trump recently warned that
- [Egypt's PM meets Tokyo governor, witnesses signing of education agreements](https://www.dailynewsegypt.com/2025/08/20/egypts-pm-meets-tokyo-governor-witnesses-signing-of-education-agreements/) - Egyptian Prime Minister Mostafa Madbouly on Wednesday witnessed the signing of two memoranda of understanding (MoUs) between Egypt's Ministry of Education and the Tokyo Metropolitan Government to enhance cooperation in technical education, special needs education, and teacher training. The signing took place on the sidelines of the ninth Tokyo International Conference on African Development (TICAD
- [SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation](https://www.dailynewsegypt.com/2025/08/20/sczone-tokyo-metropolitan-government-sign-mou-on-green-hydrogen-cooperation/) - Egyptian Prime Minister Mostafa Madbouly on Wednesday witnessed the signing of a Memorandum of Understanding (MoU) on green hydrogen cooperation between the Suez Canal Economic Zone (SCZONE) and the Bureau of Industrial and Labor Affairs of the Tokyo Metropolitan Government (TMG). The ceremony was attended by Tokyo Governor Yuriko Koike. The signing took place on
- [Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis](https://www.dailynewsegypt.com/2025/08/20/al-sisi-macron-reaffirm-strategic-partnership-coordinate-on-gaza-crisis/) - Egyptian President Abdel Fattah Al-Sisi received a phone call on Wednesday from French President Emmanuel Macron to review bilateral relations and the latest developments in the Gaza conflict, the Egyptian presidency said in a statement. Presidential spokesperson Mohamed El-Shennawy said the two leaders underscored the importance of strengthening the strategic partnership between Egypt and France,
- [Egypt welcomes international efforts for peace in Ukraine](https://www.dailynewsegypt.com/2025/08/20/egypt-welcomes-international-efforts-for-peace-in-ukraine/) - Egypt on Wednesday welcomed recent international efforts to reach a peaceful settlement to the crisis in Ukraine, praising a US-Russia summit in Alaska and a separate meeting between the US and Ukrainian presidents in Washington. In a statement, the Egyptian foreign ministry said it values the efforts of US President Donald Trump to end the
- [Contact Reports Strong 1H-2025 on Financing, Insurance Gains](https://www.dailynewsegypt.com/2025/08/20/contact-reports-strong-1h-2025-on-financing-insurance-gains/) - Contact Financial Holding (CNFN.CA), Egypt’s leading non-bank financial services provider, announced strong results for the first half of 2025, with consolidated total operating income rising 24% year-on-year (y-o-y) to EGP 1.1 billion. The Group’s growth was underpinned by robust performances across its financing and insurance divisions, coupled with accelerating digital expansion. Normalized net income reached
- [Egypt’s environment minister approves new measures to curb pollution](https://www.dailynewsegypt.com/2025/08/19/egypts-environment-minister-approves-new-measures-to-curb-pollution/) - Egypt’s Acting Environment Minister and Local Development Minister, Manal Awad, chaired on Tuesday the third meeting of the Waste Management Regulatory Authority’s board since its recent reformation, approving a set of new measures designed to strengthen the country’s waste management system, the ministry announced in a statement. Presiding over her first session since assuming the
- [Global pressure mounts as Gaza fighting intensifies and death toll surges](https://www.dailynewsegypt.com/2025/08/19/global-pressure-mounts-as-gaza-fighting-intensifies-and-death-toll-surges/) - The armed wing of the Islamic Jihad movement, Al-Quds Brigades, claimed responsibility for detonating a powerful explosive device against an Israeli military vehicle in Gaza City’s Zeitoun neighborhood. The group reported observing Israeli soldiers being evacuated from the scene. According to the Gaza Health Ministry, 60 people were killed and 343 wounded in the past
- [At TICAD, Egypt's education minister signs pacts with Casio, SAPIX](https://www.dailynewsegypt.com/2025/08/19/at-ticad-egypts-education-minister-signs-pacts-with-casio-sapix/) - Egypt's minister of education has signed two agreements with Japanese companies Casio Middle East and SAPIX to develop the country's mathematics curriculum and train teachers, the ministry said in a statement. The signings took place on the sidelines of the ninth Tokyo International Conference on African Development (TICAD 9). Education Minister Mohamed Abdel Latif signed
- [AUC graduates first cohort of film industry business certificate](https://www.dailynewsegypt.com/2025/08/19/auc-graduates-first-cohort-of-film-industry-business-certificate/) - The American University in Cairo’s (AUC) School of Continuing Education (SCE) has announced the graduation of the first cohort from Egypt's first Film Industry Business Certificate. The programme, launched this summer in partnership with the international Silver Screen Film School in Romania, provides hands-on training in production, marketing, budgeting, distribution, and film financing. The courses
- [Unilever Egypt launches second generation of Erada, marking new era of inclusive performance](https://www.dailynewsegypt.com/2025/08/19/unilever-egypt-launches-second-generation-of-erada-marking-new-era-of-inclusive-performance/) - Unilever Egypt has launched the second generation of Erada, its pioneering inclusion initiative, reaffirming the company’s commitment to performance-driven diversity and empowerment for people with disabilities. What began in 2013 with just three visually impaired team members has now evolved into a high-performing unit of 46 individuals who contribute significantly to the company’s commercial success,
- [Egypt, India’s BDR Group in talks to establish biologics, cancer drug facility](https://www.dailynewsegypt.com/2025/08/19/egypt-indias-bdr-group-in-talks-to-establish-biologics-cancer-drug-facility/) - Egypt’s Minister of Health, Khaled Abdel Ghaffar, met Tuesday with Dharmesh Shah, Chairperson and Managing Director of India’s BDR Group, to discuss plans for a joint pharmaceutical venture, including the establishment of a local facility for the production of biologics and cancer medications, according to a statement from the Ministry of Health. The meeting also
- [Beltone Mortgage completes first EGP 1.32bn securitised bond issuance](https://www.dailynewsegypt.com/2025/08/19/beltone-mortgage-completes-first-egp-1-32bn-securitised-bond-issuance/) - Beltone Mortgage has completed its first securitised bond issuance worth EGP 1.32bn, under the umbrella of Beltone Securitization’s second programme. The transaction attracted strong investor appetite, achieving 2.3 times oversubscription, which underscored market confidence in the quality of Beltone Mortgage’s portfolio and the strength of its financial position. The bond is structured into four tranches.
- [Egypt expresses 'deep dissatisfaction' to Netherlands over embassy attack](https://www.dailynewsegypt.com/2025/08/19/egypt-expresses-deep-dissatisfaction-to-netherlands-over-embassy-attack/) - Egypt's foreign minister on Monday demanded that the Netherlands provide increased security for the Egyptian embassy in The Hague following a recent attack on the building, the foreign ministry said in a statement. In a phone call with his Dutch counterpart, Caspar Veldkamp, Foreign Minister Badr Abdelatty stressed the Netherlands' responsibility under international law to
- [Egypt, India explore future cooperation in industry, transport](https://www.dailynewsegypt.com/2025/08/19/egypt-india-explore-future-cooperation-in-industry-transport/) - Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, met with India’s Ambassador to Cairo, Suresh K. Reddy, to discuss ways of strengthening economic cooperation between the two countries and to review promising investment opportunities in the fields of industry and transport. The meeting formed part of ongoing efforts by
- [Egypt's Al-Mashat participates in business forum to kick off Japan visit](https://www.dailynewsegypt.com/2025/08/19/egypts-al-mashat-participates-in-business-forum-to-kick-off-japan-visit/) - Egyptian Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, began her visit to Tokyo on Tuesday by participating in the Egyptian-Japanese Business Forum, attended by Egyptian Prime Minister Mostafa Madbouly. The forum, which saw the signing of several cooperation agreements, was held ahead of Egypt's participation in the ninth Tokyo International Conference on
- [Cairo, Tokyo sign LOI to expand educational cooperation, support for persons with disabilities](https://www.dailynewsegypt.com/2025/08/19/cairo-tokyo-sign-loi-to-expand-educational-cooperation-support-for-persons-with-disabilities/) - Egypt’s Minister of Education and Technical Education, Mohamed Abdel Latif, has signed a Letter of Intent with Abe Toshiko, Japan’s Minister of Education, Culture, Sports, Science and Technology (MEXT), to broaden cooperation mechanisms in education, enhance support for persons with disabilities, and establish new partnerships in technical education and vocational training. The signing ceremony took
- [Egypt holds special importance for our investments across diverse sectors: Japanese minister](https://www.dailynewsegypt.com/2025/08/19/egypt-holds-special-importance-for-our-investments-across-diverse-sectors-japanese-minister/) - Speaking at the Egypt–Japan Business Council Forum, Yuichiro Koga, Japan’s State Minister of Economy, Trade and Industry, underscored the pivotal role of the Egyptian economy in shaping Japanese investment priorities across multiple sectors. He opened his address by expressing appreciation for Egypt’s active role on various fronts, both domestically and internationally. Koga noted the remarkable
- [Madbouly invites Japanese firms to establish industrial zone in SCZONE](https://www.dailynewsegypt.com/2025/08/19/madbouly-invites-japanese-firms-to-establish-industrial-zone-in-sczone/) - Egypt’s Prime Minister Mostafa Madbouly has called on Japanese companies to establish a dedicated Japanese industrial zone within the Suez Canal Economic Zone (SCZONE), leveraging its strategic location and Egypt’s free trade agreements with key regional economic blocs. He stressed that such agreements would provide Japanese firms with greater access to regional markets without customs
- [Egypt, Japan sign 12 agreements, LOIs across strategic sectors](https://www.dailynewsegypt.com/2025/08/19/egypt-japan-sign-12-agreements-lois-across-strategic-sectors/) - Egypt’s Prime Minister Mostafa Madbouly on Tuesday participated in the Egyptian-Japanese Investment Forum, organised by the Egyptian-Japanese Business Council, which brought together leading companies from both countries to explore new avenues of cooperation. His participation, alongside his accompanying delegation, came on the sidelines of his current visit to Japan, where he is representing President Abdel
- [National Council for Childhood reviews plan to combat child labour](https://www.dailynewsegypt.com/2025/08/18/national-council-for-childhood-reviews-plan-to-combat-child-labour/) - Egypt has renewed its commitment to a national plan to combat the worst forms of child labour, the head of the National Council for Childhood and Motherhood (NCCM) said on Monday. Sahar El-Sonbaty was speaking at the ninth meeting of the Tripartite Steering Committee to follow up on the implementation of the National Action Plan
- [Egypt’s Supreme Organ Transplant Committee strengthens oversight, standards](https://www.dailynewsegypt.com/2025/08/18/egypts-supreme-organ-transplant-committee-strengthens-oversight-standards/) - Egypt’s Supreme Committee for Organ Transplantation convened to assess the country’s transplant program, reinforce regulatory oversight, and align practices with international medical standards, the Ministry of Health announced Monday. Health Ministry spokesperson Hossam Abdel Ghaffar stated that the meeting addressed several key areas, including the formation of specialized subcommittees, strategies to counter misinformation on social
- [Egypt's PM heads to Japan for TICAD 9 Africa development summit](https://www.dailynewsegypt.com/2025/08/18/egypts-pm-heads-to-japan-for-ticad-9-africa-development-summit/) - Egyptian Prime Minister Mostafa Madbouly left for Japan on Monday to attend the ninth Tokyo International Conference on African Development (TICAD 9), where his Japanese counterpart, Shigeru Ishiba, is expected to propose a new economic integration initiative spanning from the Indian Ocean to Africa. Madbouly is attending the three-day conference in Yokohama from Aug. 20-22
- [Al-Sisi meets Qatar PM, Bahrain security adviser to discuss Gaza crisis, regional stability](https://www.dailynewsegypt.com/2025/08/18/al-sisi-meets-qatar-pm-bahrain-security-adviser-to-discuss-gaza-crisis-regional-stability/) - Egyptian President Abdel Fattah Al-Sisi on Monday held separate meetings in Cairo with Qatar’s Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani and Bahrain’s National Security Adviser Sheikh Nasser bin Hamad Al Khalifa to discuss bilateral ties and the ongoing Gaza crisis, according to a presidential statement. Presidential spokesperson Mohamed El-Shennawy said
- [Egypt steps up Gaza aid efforts as war escalates, Israel faces mounting criticism](https://www.dailynewsegypt.com/2025/08/18/egypt-steps-up-gaza-aid-efforts-as-war-escalates-israel-faces-mounting-criticism/) - Egypt intensified its humanitarian role toward the Gaza Strip on Monday, as Foreign Minister Badr Abdelatty visited the Rafah border crossing with Palestinian Prime Minister Mohammad Mustafa and Egyptian Social Solidarity Minister Maya Morsi. The visit marked the first by a Palestinian premier to the crossing. During the tour, Abdelatty said Egypt has provided more
- [Egypt’s annual urban inflation slows to 13.9% in July: CBE](https://www.dailynewsegypt.com/2025/08/18/egypts-annual-urban-inflation-slows-to-13-9-in-july-cbe/) - Annual urban headline inflation in Egypt eased for the second consecutive month, dropping to 13.9% in July 2025 from 14.9% in June, according to the Central Bank of Egypt (CBE). The deceleration was mainly driven by a significant decline in fresh fruit and vegetable prices, reflecting improved supply conditions despite upward pressure from higher tobacco
- [SCZONE, Toyota Tsusho discuss inauguration of Ro-Ro terminal in West Port Said](https://www.dailynewsegypt.com/2025/08/18/sczone-toyota-tsusho-discuss-inauguration-of-ro-ro-terminal-in-west-port-said/) - A high-level delegation from the Suez Canal Economic Zone (SCZONE), headed by Chairperson Walid Gamal El-Din, has held discussions in Tokyo with Toyota Tsusho over the expected inauguration date of the new roll-on/roll-off (Ro-Ro) car terminal at West Port Said Port. The delegation, which also included Mohamed Ibrahim, Assistant Chairperson of the Authority, and Mohamed
- [Local sukuk issuance planned for H1 FY26: Finance Minister](https://www.dailynewsegypt.com/2025/08/18/local-sukuk-issuance-planned-for-h1-fy26-finance-minister/) - Ahmed Kouchouk, Egypt’s Minister of Finance, has announced that local sukuk issuances are scheduled for the first half of the current fiscal year, as part of broader efforts to diversify financing tools and stimulate economic activity. He also revealed ongoing cooperation with the Ministry of Planning and International Cooperation to expand the scope of development
- [Egypt’s Al-Sisi meets central bank chief, calls for continued efforts to increase dollar inflows](https://www.dailynewsegypt.com/2025/08/18/egypts-al-sisi-meets-central-bank-chief-calls-for-continued-efforts-to-increase-dollar-inflows/) - Egyptian President Abdel Fattah Al-Sisi on Monday stressed the need to continue efforts to increase the country's foreign currency reserves, particularly from local sources, and to maintain a flexible and unified exchange rate, the presidency said. Al-Sisi's comments came during a meeting with Central Bank of Egypt (CBE) Governor Hassan Abdalla to discuss the performance
- [Protesto cases in Egypt decline 48% in 2024, while bankruptcy rulings rise: CAPMAS](https://www.dailynewsegypt.com/2025/08/18/protesto-cases-in-egypt-decline-48-in-2024-while-bankruptcy-rulings-rise-capmas/) - The Central Agency for Public Mobilization and Statistics (CAPMAS) has reported a sharp decline in non-payment protesto cases in Egypt during 2024, even as bankruptcy rulings recorded an increase. According to CAPMAS’s annual bulletin on protesto (a formal legal notice when a debtor fails to pay a bill of exchange, promissory note, or cheque at
- [Egypt sets $12bn target for ready-to-wear garment exports by 2031](https://www.dailynewsegypt.com/2025/08/18/egypt-sets-12bn-target-for-ready-to-wear-garment-exports-by-2031/) - Abdel Aziz Elsherif, Head of the Egyptian Commercial Service (ECS), met with Fadel Marzouk, Chairperson of the Apparel Export Council of Egypt (AECE), to discuss a comprehensive plan to boost Egyptian exports of ready-to-wear garments and textiles. The meeting focused on strategies to promote sectoral growth, mitigate the negative effects of global trade tensions, and
- [Price cuts underway across Egypt, says trade federation report](https://www.dailynewsegypt.com/2025/08/18/price-cuts-underway-across-egypt-says-trade-federation-report/) - Egyptian Prime Minister Mostafa Madbouly has reviewed a report from the Federation of Egyptian Chambers of Commerce on the progress of a recent initiative to lower prices on a wide range of goods and services across the country. The report, reviewed on Monday, outlines the implementation of an action plan agreed upon during meetings between
- [African agribusiness market expected to reach $1tr by 2030](https://www.dailynewsegypt.com/2025/08/18/african-agribusiness-market-expected-to-reach-1tr-by-2030/) - The African agribusiness market reached approximately $280bn in 2023, according to estimates by the African Development Bank (AfDB), with $35bn representing the Egyptian market alone. It is expected to grow to $1tr by 2030, at an annual growth rate of 19.94%, making the Egyptian agricultural sector a particularly promising investment opportunity. Agriculture accounts for around
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- [kidnapping](https://www.dailynewsegypt.com/tag/kidnapping/)
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- [Mali coup](https://www.dailynewsegypt.com/tag/mali-coup/)
- [aircrafts](https://www.dailynewsegypt.com/tag/aircrafts/)
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- [unemployment](https://www.dailynewsegypt.com/tag/unemployment/)
- [global economy](https://www.dailynewsegypt.com/tag/global-economy/)
- [bomb](https://www.dailynewsegypt.com/tag/bomb/)
- [fund](https://www.dailynewsegypt.com/tag/fund/)
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- [Kamal El-Ganzouri](https://www.dailynewsegypt.com/tag/kamal-el-ganzouri/)
- [Mohamed Morsy](https://www.dailynewsegypt.com/tag/mohamed-morsy/)
- [textiles](https://www.dailynewsegypt.com/tag/textiles/)
- [israeli settlements in palestine](https://www.dailynewsegypt.com/tag/israeli-settlements-in-palestine/)
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- [train crash](https://www.dailynewsegypt.com/tag/train-crash/)
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- [liberal](https://www.dailynewsegypt.com/tag/liberal/)
- [bulgaria](https://www.dailynewsegypt.com/tag/bulgaria/)
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- [dead](https://www.dailynewsegypt.com/tag/dead/)
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- [hormuz](https://www.dailynewsegypt.com/tag/hormuz/)
- [closure](https://www.dailynewsegypt.com/tag/closure/)
- [hague](https://www.dailynewsegypt.com/tag/hague/)
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- [attack](https://www.dailynewsegypt.com/tag/attack/)
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- [addis ababa](https://www.dailynewsegypt.com/tag/addis-ababa/)
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