Eng. Karim Badawi, Minister of Petroleum and Mineral Resources inspected the trial operation of all production units at the MIDOR Refinery in Alexandria in light of the completion of the company’s new expansions, which increased its production to currently reach 160 thousand barrels per day and now»»»

Air raid sirens sounded in Israel on Sunday night as its military worked to intercept barrages of incoming Iranian missiles for the first time since a fragile ceasefire took effect in early April. The Iranian missile attack was in retaliation for deadly Israeli strikes in Beirut's southern suburbs »»»

RIYADH: Egypt’s economy grew 5.2 percent ‌in ‌the period between ‌July and March of the financial year ‌2025-26, according ‌to the ‌Planning Ministry. The ‌financial year ‌in Egypt ends June 30. Egypt’s struggling economy has been boosted in recent years by major real estate investments and an $8 ‌»»»

CAIRO: Israeli strikes on a ​police station and a vehicle in the Gaza Strip killed at least nine people and wounded 20 others, health officials said, as mediators began new efforts to salvage a fragile US-brokered ceasefire deal. One strike hit a police post adjacent to a large tent encampment of d»»»

Mohamed Farid, Minister of Investment and Foreign Trade, said the government is moving forward with its state offerings programme as part of broader efforts to strengthen the role of the private sector, deepen financial markets, and attract greater investment. Speaking on behalf of Prime Minister M»»»

Belmazad.com has signed an operating agreement with the National Bank of Egypt (NBE) to digitize asset marketing and sales, enhancing efficiency, transparency, and reach through electronic public auctions. The partnership aims to streamline asset sales processes by leveraging technology-driven solu»»»

Egypt’s non-banking financial sector, regulated by the Financial Regulatory Authority (FRA), serves more than 60 million citizens and provided financing worth EGP 1.4trn in 2025, according to Ahmed Rostom, Minister of Planning and Economic Development. Rostom made the remarks during his address at »»»

Egypt and Qatar are working to bridge views in ongoing negotiations between the United States and Iran, as the two nations’ foreign ministers met on Sunday to discuss proposed elements of the agreement aimed at ending regional conflict. Egyptian Minister of Foreign Affairs, International Cooperatio»»»

The Egyptian Financial Regulatory Authority (FRA) has approved two companies to issue insurance policies using financial technology and is processing applications from over 10 others, FRA Chairperson Islam Azzam announced on Sunday as part of a broader strategy to deepen the market. Delivering the »»»

Alaa El-Zoheiry, Chairperson of the Insurance Federation of Egypt (IFE), has been elected President of the African Insurance Organisation (AIO) for the 2026-2027 term, succeeding Ethiopia. The announcement was made during the opening ceremony of the AIO’s 52nd Conference and Annual General Assembly»»»

Minister of Industry Khaled Hashem held a series of high-level meetings with international officials and financial institutions on the sidelines of the 35th Annual Meeting and Business Forum of the European Bank for Reconstruction and Development (EBRD) in Riga, Latvia, to explore opportunities for»»»

Egypt’s Prime Minister Mostafa Madbouly inaugurated and inspected a series of major industrial projects in Alexandria’s Borg El Arab industrial zone on Sunday. Madbouly highlighted Egypt’s strategy to deepen local manufacturing, boost exports, attract foreign investment, and create jobs across key »»»

Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, has held talks with Nexus Analytica to explore cooperation on developing the regulatory framework governing the country’s electricity market, as part of ongoing efforts to strengthen governance, transparency, and private-sector pa»»»

CAIRO: Prime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, met today in Cairo with Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Affairs of the sisterly Arab Republic of Egypt HE Dr. Badr Abdelatty. During the meet»»»

China’s Angel Yeast, one of the world’s largest yeast and biotechnology producers with operations spanning more than 170 countries, plans to invest between $270 million and $300 million in Egypt between 2026 and 2028, reinforcing the country’s growing role as a manufacturing and export platform ser»»»

Israeli strikes on a Hamas-run police station and a vehicle in the Gaza Strip killed at least nine people and wounded 20 others, health officials said, as mediators began new efforts to salvage a fragile US-brokered ceasefire deal. One strike hit a police post adjacent to a large tent encampment of»»»

Egypt’s clean-energy ambitions took a significant step forward after UAE-based AMEA Power signed agreements with China Energy Engineering Corporation (CEEC) and China Energy International Group (CEIG) to develop two large-scale battery energy storage projects and a battery manufacturing facility in»»»

RIYADH: Egyptian investment platform Thndr is in advanced discussions with Saudi regulators and awaiting final approvals to enter the Kingdom, as it seeks to expand beyond its home market. The company, which launched operations on the Abu Dhabi Securities Exchange last year, is pursuing licensing i»»»

Cairo: France's David Trezeguet and Brazil's Zico and Dunga all left their mark on World Cup history decades ago. In 2026, their names will return to football's biggest stage but this time on the backs of Egyptian players. When the Pharaohs walk onto the tournament pitch this month, several squad m»»»

Egypt is targeting a 20% increase in gold deliveries to the Central Bank of Egypt this year as Cairo intensifies efforts to formalise gold production, attract mining investment and expand one of the country’s most promising non-oil industries. State-owned Shalateen Mineral Resources Company aims to»»»

Tehran: Uncertainty remains over US entry permits for Iranian players just days before the World Cup begins, with various Iranian bodies denouncing "unfair" treatment. Iran is set to play all three of their group-stage matches in the United States, facing New Zealand and Belgium in Los Angeles befo»»»

Saudi Arabia’s Public Investment Fund (PIF) and Talaat Moustafa Group Saudi for Real Estate Development (TMG Saudi) have signed a Memorandum of Understanding (MoU) to explore collaboration opportunities in mixed-use real estate projects across the Kingdom, marking a significant step toward advancin»»»

Karim Saeed, The Egyptian Society of Technical Analysts (ESTA), said that Egyptian Exchange (EGX) benchmark index EGX30 is facing a new support level at 7330-7270 points, during this week’s trading. If it managed to resist above this level, it is expected to bounce higher reaching resistance level »»»

The Gold and Precious Metals Division of the Federation of Egyptian Industries (FEI), headed by Ehab Wassef, has released its latest report on local and global gold market developments. The division confirmed a noticeable decline in domestic gold prices over the past week, triggered by a sharp drop»»»

On December 12, 2024, Egypt’s stock market (EGX) concluded the trading week on a positive note, with all major indices closing in the green. The day marked a significant uptrend across the board, reflecting investor confidence amidst a global backdrop of economic uncertainties. Leading the charge w»»»

Cairo: Egyptian authorities have arrested businessman Sabry Nakhnoukh, a notorious figure from the Hosni Mubarak era who later re-emerged in public life after receiving a pardon under the current administration. Nakhnoukh is under investigation on suspicion of leading "an organised criminal group" »»»

RIYADH: Jazan Port for Primary and Downstream Industries recorded a 44 percent increase in total cargo handling volume during the first quarter of 2026, reaching 317,000 tonnes, compared to 221,000 tonnes during the same period last year, according to the port’s management in remarks to Al-Eqtisadi»»»

Egypt’s state-owned Egypt Drilling Company (EDC) has begun operations in Turkey under a two-year, $43 million contract with the Turkish Petroleum Corporation (TPAO), marking a new phase in Cairo’s efforts to transform petroleum services into an export industry and expand the international reach of »»»

by Ahmed El-Mahdi The ministers of industry and investment called for the announcement of an industrial investment strategy that maintains attracting capital and the continued movement of production as the cabinet reshuffle kept Investment Minister Ashraf Salman, who created confusion recently beca»»»

TOKYO: Yasunari Morino, Japan’s ambassador to the Kingdom of Saudi Arabia, in an article for the Kasumigaseki Foreign Service Association noted that Japan and Saudi Arabia continue to strengthen their bilateral relationship. Morino highlighted that both countries use the Japan-Saudi Vision 2030 ini»»»

Egypt’s ‌coach Hossam Hassan sees the opening match in the World Cup against Belgium as the most ​difficult game in the “highly competitive” group G. Egypt lost 2-1 to five-times champion Brazil in Cleveland on Sunday, in their final warm-up friendly ahead of their fourth appearance in the World Cu»»»

Vienna: The UAE has urged the international community to strengthen protections for civilian nuclear infrastructure after a terrorist drone attack targeting the Barakah Nuclear Energy Plant, warning that assaults on peaceful nuclear facilities pose a serious threat to regional and global security. »»»

Egypt’s ‌coach Hossam Hassan sees the opening match in the World Cup against Belgium as the most ​difficult game in the “highly competitive” group G. Egypt lost 2-1 to five-times champion Brazil in Cleveland on Sunday, in their final warm-up friendly ahead of their fourth appearance in the World Cu»»»

Arab Finance: Minister of Investment and Foreign Trade Mohamed Farid Saleh met with officials from UK-based railway technology company Park Signalling during his official visit to London to discuss opportunities for localizing railway signaling technology and establishing manufacturing operations i»»»

Paris, France: Portugal and Belgium both won in front of their home fans yesterday ahead of their latest attempts at World Cup breakthroughs. Portugal beat Chile, who are not going to the World Cup, 2-1 in Oeiras, near Lisbon. Belgium cruised to a 5-0 victory over fellow World Cup qualifiers Tunisi»»»

Arab Finance: As global enterprise operations increasingly pivot toward automated infrastructure, artificial intelligence (AI) has shifted from an experimental tool to a core driver of macroeconomic growth. This transition is particularly pronounced in Egypt, where the state’s National AI Strategy »»»

Arab Finance: Minister of Investment and Foreign Trade Mohamed Farid Saleh and Minister of Finance Ahmed Kouchouk met with Tim Reid, CEO of UK Export Finance (UKEF), in London to discuss strengthening cooperation to support Egyptian exports and investments, particularly across African markets, as p»»»

Arab Finance: Egypt plans to offer between four and five state-owned companies on the Egyptian Exchange (EGX) before the end of 2026, Prime Minister Mostafa Madbouly said. He noted that 16 state-owned companies have already been temporarily listed, with four more expected to be listed before June 3»»»

by Maye Sadek In its effort to get out of its economic crisis, reflected in the insufficiency of the inflows of foreign currencies, Egypt held this week a new economic conference aiming to attract Arab investors. A two-day conference, dubbed as “Matrouh, The Future of Investment,” started last Satu»»»

A compelling story is often enough to send a journalist in search of the man who carries it. The search becomes even more urgent when that man carries two. That was the case many years ago when I set out to find Anis Naccache. As a young Lebanese activist, Naccache joined Fatah’s student battalion »»»

MUP” Medical Union Pharmaceuticals”, one of the largest companies of the Acdima Group, signed a strategic partnership contract with the Nimolox Group from the State of South Africa, on the sidelines of the activities of the first African Medical Conference and Exhibition “Africa Health ExCon”, whic»»»

Egypt’s Prime Minister Mostafa Madbouly has signaled that the Egyptian pound may fluctuate between 4% to 5% in the near future. This statement, made during a November 30th press conference, reflects a pragmatic shift in the government’s approach to currency management. Prime Minister Madbouly under»»»

ANTALYA: Iran’s World Cup squad left Turkiye for Mexico on Saturday, taking off under the shadow of a diplomatic row between Tehran and Washington after the US refused to issue visas for some of the team’s support squad. The team will be based in Tijuana in northwest Mexico for the duration of the »»»

Riyadh/Cairo, June 6 (SANA) The Gulf Cooperation Council (GCC) and Egypt on Saturday condemned the ongoing Iranian attacks on Kuwait and Bahrain, calling them a dangerous and irresponsible escalation that threatens regional security. Jasem Mohamed AlBudaiwi, Secretary-General of the GCC, said in a »»»

M&P Group, a public affairs and strategic communications firm, has expanded its international footprint through a series of strategic partnerships announced during the seventh edition of the Mosaic International Forum for Strategic Affairs – Middle East and Africa Edition, held in Cairo. Organised »»»

Egypt strongly condemned an Iranian attack targeting Kuwait and Bahrain on Saturday, describing it as a dangerous escalation that threatens the security and stability of the Arabian Gulf and the wider region. In a statement, the Egyptian Ministry of Foreign Affairs called the attack a blatant viola»»»

Minister of Electricity and Renewable Energy Mahmoud Esmat held talks with senior executives from China Energy and the Electric Power Planning and Engineering Institute (EPPEI) to explore opportunities for expanding cooperation in renewable energy integration, power grid modernisation, energy stora»»»

Egypt is witnessing a significant surge in digital gold investment, driven largely by younger investors, as changing consumer behaviour and growing financial awareness reshape the domestic gold market, according to Saied Embaby, CEO of iSagha, the online gold and jewellery trading platform. Citing »»»

Egyptian President Abdel Fattah Al-Sisi reviewed progress on the implementation of the country’s Universal Health Insurance System (UHIS) and approved a proposal to improve wages for employees of the Egyptian Ambulance Authority, according to a statement issued by the presidency. Al-Sisi met with P»»»

CAIRO: An Israeli ​strike killed at least seven Palestinians, including two women, in Gaza on Saturday, health officials said, as mediators restarted talks in Cairo with Hamas and other factions over safeguarding a strained ceasefire agreement. Medics said seven people were killed and 15 others, in»»»