Middle East Observer 4h

El-Sisi to partake in Arab Summit

President Abdel El-Sisi will partake in the next Arab Summit which is will be held on July 25th and 26th in Nouakchott, Mauritania. El-Sisi praised Mauritania for its reception of the Arab Summit, expressing his intention of full cooperation with Mauritania to make the summit successful. El-Sisi re»»»

meobserver.org
Middle East Observer 4h

Egyptian Stock Market Ends 2024 on a High Note, Gaining EGP 30 Billion

As the curtain falls on 2024, the Egyptian Exchange (EGX) has closed the year with a significant boost, adding nearly EGP 30 billion to its market capitalization. This robust performance during the last trading session underscores a year of strategic growth and investor confidence in Egypt’s capita»»»

meobserver.org
Daily News Egypt 5h

Investment minister, IFC discuss enhancing Egypt’s business environment

Mohamed Farid, Egypt’s Minister of Investment and Foreign Trade, met with Ethiopis Tafara, Regional Vice-President for Africa at the International Finance Corporation (IFC), and his accompanying delegation to review the ministry’s priorities and plans for advancing the investment and foreign trade »»»

dailynewsegypt.com
Daily News Egypt 5h

Planning minister, OECD discuss launch of second phase of Egypt country programme

Ahmed Rostom, Egypt’s Minister of Planning and Economic Development, met with Andreas Schaal, Director for Global Relations and Cooperation at the Organisation for Economic Co-operation and Development (OECD), to discuss strengthening bilateral cooperation and launching the second phase of the Egyp»»»

dailynewsegypt.com
Daily News Egypt 5h

Egypt, Ireland explore deeper industrial cooperation in pharmaceuticals, electronics

Egypt’s Minister of Industry, Khaled Hashem, met with Ireland’s Ambassador to Egypt, Aidan O’Hara, to discuss expanding industrial cooperation and strengthening trade and investment ties between the two countries. The meeting, attended by Ahmed Maghawry, Assistant Minister for International Coopera»»»

dailynewsegypt.com
Daily News Egypt 5h

Egypt, Mauritania explore expanded cooperation in healthcare, medical training and pharmaceuticals

Egypt and Mauritania have explored opportunities to deepen bilateral cooperation in healthcare, with discussions focusing on medical training, pharmaceutical collaboration, preventive healthcare and medical tourism during a meeting between Egypt’s Minister of Health and Population, Khaled Abdel Gha»»»

dailynewsegypt.com
Daily News Egypt 5h

Egypt earns international recognition for civil aviation progress

Egypt has received fresh international recognition for the rapid development of its civil aviation sector and its growing ability to host major global aviation events, following the successful organization of the 38th IATA Ground Handling Conference (IGHC 2026) in Cairo from 19 to 21 May. Organized»»»

dailynewsegypt.com
Daily News Egypt 6h

Egypt signs strategic pact framework with Japan, pitches Suez Canal industrial zone to secure global supply chains

Egypt and Japan signed a preliminary strategic partnership framework on Wednesday to prepare for a presidential-level agreement, as Cairo proposed establishing a dedicated Japanese industrial zone in the Suez Canal Economic Zone to help secure global supply chains. The preliminary framework, alongs»»»

dailynewsegypt.com
Al Awsat 7h

Israeli Strikes Kill Three People in Gaza, Medics Say

Israeli strikes killed ‌three Palestinians in Gaza on Wednesday, health officials said, and the Palestinian group Hamas said an end to such attacks was crucial to further talks on safeguarding a US-brokered ceasefire. Medics said one Palestinian was killed in an airstrike near the Mughraqa area in »»»

english.aawsat.com
Middle East Observer 8h

Plans to establish new companies and acquisition deals

by Mahmoud Hammad Sharif Al-Kilani, a partner with Ernst and Young for North Africa and the Middle East region, said that the institution plans to establish new companies and acquisition deals for investors and Arab and foreign companies of Egyptian companies worth EGP20 billion over the coming six»»»

meobserver.org
Arab News 9h

Israeli strikes kill three people in Gaza, medics say

CAIRO: Israeli strikes killed ‌three Palestinians in Gaza on Wednesday, health officials said, and the Palestinian militant group Hamas said an end to such attacks was ​crucial to further talks on safeguarding a US-brokered ceasefire. Medics said one Palestinian was killed in an airstrike near the »»»

arabnews.com
Gulf News 9h

GCC, Arab states denounce Iran’s heinous aggression against Kuwait, Bahrain

DUBAI: Iran’s missile and drone attacks on Kuwait and Bahrain triggered a wave of condemnation across the Gulf and wider Arab world on Wednesday, with regional governments rallying behind the two countries and accusing Tehran of threatening regional security and stability. The coordinated response »»»

gulfnews.com
Gulf News 10h

EgyptAir cancels flights to Kuwait Airport Wednesday, Thursday after Iranian attack

EgyptAir has cancelled all flights to Kuwait International Airport on Wednesday and Thursday following an Iranian attack that targeted the airport, citing concerns for passenger safety amid ongoing regional tensions. The state-owned carrier said in a statement that it was closely monitoring develop»»»

gulfnews.com
Middle East Observer 13h

Egypt Boosts Cotton Acreage by 23% Amid High Global Demand

Egypt’s Ministry of Agriculture has significantly expanded cotton cultivation this year, increasing planted area by 23% to 311,700 acres nationwide. This strategic move comes as global demand for cotton remains strong. Of the total acreage, 70,584 acres have been earmarked for seed production, ensu»»»

meobserver.org
Middle East Observer 13h

EGX Rises, but Tax Reform and S&P Review Cast a Shadow

Cairo — Egypt’s capital markets are facing two potentially significant tests after the government moved to restore a stamp tax on stock-market transactions and S&P Dow Jones Indices launched a consultation on whether the country should retain its emerging-market status, developments that could infl»»»

meobserver.org
Arab News 14h

UAE PMI shows economic growth as Egypt and Kuwait stay in contraction 

RIYADH: Non-oil private sector activity across the UAE, Egypt and Kuwait faced continued headwinds in May, as supply disruptions, regional geopolitical tensions and cost pressures weighed on business conditions. The UAE stayed in expansion territory, Egypt recorded another contraction, and Kuwait r»»»

arabnews.com
Al Awsat 16h

Egypt’s Private Sector Slump Deepens as Cost Pressures Hit Three-Year High

Egypt's non-oil private ‌sector remained mired in contraction in May, as a fresh surge in input costs squeezed demand, forced businesses into aggressive price hikes and triggered the steepest round of job cuts in nearly six years, a business survey showed on Wednesday. The headline S&P Global Egypt»»»

english.aawsat.com
Al Awsat 16h

Egypt Stresses Importance of Strengthening Political, Economic Ties with the US

President Abdel Fattah El-Sisi has stressed Cairo’s “appreciation for the strategic relations binding Egypt and the United States” and called for enhancing bilateral ties across various fields. El-Sisi met on Tuesday with a delegation from the Conference of Presidents of Major American Jewish Organ»»»

english.aawsat.com
Arabfinance 16h

ABB Egypt completes crane modernization project at Dekheila Port Arab Finance For Information Technology

Arab Finance: ABB Egypt has completed a transformative crane drives modernization project at Dekheila Port, in collaboration with Al Ezz Dekheila Steel Company, to raise operational efficiency, according to a press release. ABB Egypt’s Motion Services division upgraded the port's crane operating sy»»»

arabfinance.com
Middle East Observer 19h

Elsewedy and Kingdom Forge New Textile Era with $60mn Free Zone Agreement

Elsewedy Industrial Development, a subsidiary of Elsewedy Electric, has partnered with Kingdom Holdings of China. The two giants have inked a $60 million agreement to establish a private free zone in Egypt’s Industria Sadat, marking a significant milestone in industrial collaboration between the tw»»»

meobserver.org
Middle East Observer 22h

EGX Soars Amidst Regional Optimism

In a move reflecting regional economic resilience, the Egyptian Exchange (EGX) wrapped up the week on a positive note. On March 13, 2025, the EGX30, the main index, ascended by 0.78%, reaching 31,290.62 points. This marks a significant achievement amidst fluctuating global market trends. The bullis»»»

meobserver.org
Qatar Tribune 02.06. 23:37

Qatar committed to its efforts in mediation and preventive diplomacy, says Sheikha Alya

QNA New York Qatar has affirmed continued commitment to its efforts in mediation, dialogue, and preventive diplomacy to bolster peaceful efforts aimed at de-escalation and the preservation of international peace and security. This came in Qatar’s statement delivered by Permanent Representative of Q»»»

qatar-tribune.com
Daily News Egypt 02.06. 22:02

Al-Sisi tells US Jewish leaders two-state solution remains key to Middle East stability

Egyptian President Abdel Fattah Al-Sisi has reaffirmed that a comprehensive and just settlement of the Palestinian issue based on a two-state solution remains the only viable path to achieving lasting peace and stability in the Middle East. According to a statement issued by the Egyptian presidency»»»

dailynewsegypt.com
BNE 02.06. 21:44

Azerbaijan positions itself as dual-track energy hub amid global supply uncertainty

Azerbaijan is accelerating both fossil fuel and renewable energy development as it seeks to entrench its role as a reliable supplier to Europe and emerging markets, Energy Minister Parviz Shahbazov said at the 31st Baku Energy Forum. The minister's remarks, delivered across several forum sessions, »»»

intellinews.com
Middle East Observer 02.06. 21:14

XinFeng’s $1.65 Billion Industrial Hub in Egypt

Chinese steel giant XinFeng has announced plans to develop an ultra-modern industrial complex in the Ain Sokhna Integrated Zone, part of the Suez Canal Economic Zone. This ambitious project, with an investment of $1.65 billion, underscores Egypt’s growing appeal as a hub for international industria»»»

meobserver.org
Daily News Egypt 02.06. 21:02

Industry, supply ministers inaugurate Fi Africa, ProPak MENA 2026

Egypt’s Minister of Industry, Khaled Hashem, and Minister of Supply and Internal Trade, Sherif Farouk, inaugurated the 14th edition of Food Ingredients Africa (Fi Africa) and ProPak MENA 2026, the region’s leading trade exhibitions for food processing, packaging, and packaging technologies. Organis»»»

dailynewsegypt.com
Daily News Egypt 02.06. 21:02

Egypt’s banking sector net foreign assets rise to $22.9bn in April 2026

The Central Bank of Egypt (CBE) announced that net foreign assets (NFAs) in Egypt’s banking sector rose to approximately $22.903bn, equivalent to EGP 1.229trn, in April 2026, up from $21.320bn, or EGP 1.164trn, in March. Net foreign assets are among the most important indicators of banking sector s»»»

dailynewsegypt.com
Daily News Egypt 02.06. 21:02

Egypt studies sustainable development plan for Blue Hole diving site in South Sinai

Egypt is studying a comprehensive plan to develop the Blue Hole diving site within the Abu Galum Protected Area in South Sinai while safeguarding its fragile marine ecosystem, according to the Ministry of Local Development and Environment. Minister of Local Development and Environment Manal Awad re»»»

dailynewsegypt.com
Daily News Egypt 02.06. 21:02

Planning Ministry unveils FY 2026/27 development plan targeting EGP 3.7trn in investments

The Ministry of Planning and Economic Development has unveiled the key features of Egypt’s Economic and Social Development Plan for fiscal year (FY) 2026/27, as well as the medium-term development framework covering the period from FY 2026/27 to FY 2029/30. The plan was presented during a meeting o»»»

dailynewsegypt.com
Daily News Egypt 02.06. 20:02

Egypt to launch ‘Greening Cairo’ to convert evacuated urban spaces as city restores historical centre

Egypt will adopt a “Greening Cairo” project aimed at converting evacuated urban spaces into green areas to increase the per capita share of green spaces, Prime Minister Mostafa Madbouly announced on Tuesday. Speaking during a meeting at the government headquarters in the New Administrative Capital,»»»

dailynewsegypt.com
Daily News Egypt 02.06. 20:02

First phase of Africa assistive technology report launched as Egypt urges inclusive innovation at conference

Partnerships and innovation are fundamental pillars for building an Africa that is more inclusive of persons with disabilities, Eman Karim, General Supervisor of the National Council for Persons with Disabilities (NCPD), stated during the “Inclusive Africa 2026” conference, which saw the announceme»»»

dailynewsegypt.com
Al Awsat 02.06. 19:52

Kremlin: Saudi Arabia Named Guest of Honor at St. Petersburg Economic Forum

The Kremlin said Saudi Arabia will be featured as the “guest of honor” at the 29th St. Petersburg International Economic Forum, SPIEF, in 2026, which opens this week. The Russian presidency said Saudi Energy Minister Prince Abdulaziz bin Salman will lead a high-level delegation of major national in»»»

english.aawsat.com
Arab News 02.06. 19:25

Arab, Islamic nations condemn storming of Al-Aqsa Mosque by Israeli settlers

LONDON: The foreign ministers of Saudi Arabia, Indonesia, Pakistan, Egypt, Jordan, the UAE, Qatar and Turkiye have condemned the storming of the courtyards of Al-Aqsa Mosque by Israeli settlers in occupied East Jerusalem on Sunday. The settlers raised Israeli flags on the steps leading to the Dome »»»

arabnews.com
Arab News 02.06. 19:25

Arab, Islamic nations condemn storming of Al-Aqsa Mosque by Israeli settlers

LONDON: The foreign ministers of Saudi Arabia, Indonesia, Pakistan, Egypt, Jordan, the UAE, Qatar and Turkiye have condemned the storming of the courtyards of Al-Aqsa Mosque by Israeli settlers in occupied East Jerusalem on Sunday. The settlers raised Israeli flags on the steps leading to the Dome »»»

arabnews.com
Daily News Egypt 02.06. 19:02

Egypt pitches Africa gateway, labour supply to South Korea at inaugural strategic dialogue

Egypt pitched its Suez Canal Economic Zone and status as a strategic gateway to African markets to attract new South Korean investments on Tuesday, while declaring its water security an “existential issue” during talks on regional crises. The investment push came during the first round of the Egypt»»»

dailynewsegypt.com
Daily News Egypt 02.06. 19:02

German minister highlights Egypt’s pivotal role in advancing regional peace, stability

The German Minister of State at the Federal Foreign Office, Serap Güler, has underscored Egypt’s pivotal role in promoting peace, security, and stability across the Middle East during her visit to Cairo, the first stop on a regional tour that will also take her to Saudi Arabia and the United Arab E»»»

dailynewsegypt.com
The Peninsula 02.06. 18:20

Foreign Ministers of Qatar, UAE, Jordan, Turkiye, Egypt, Indonesia, Pakistan, and Saudi Arabia condemn Al Aqsa Mosque continuous incursions by Israeli settlers

Doha, Qatar: The Foreign Ministers of the State of Qatar, the United Arab Emirates, the Hashemite Kingdom of Jordan, the Republic of Türkiye, the Arab Republic of Egypt, the Republic of Indonesia, the Islamic Republic of Pakistan, and the Kingdom of Saudi Arabia condemn in the strongest terms the c»»»

thepeninsulaqatar.com
Middle East Observer 02.06. 18:13

Strong Summer Demand and New Air Routes Reinforce Egypt’s Tourism Momentum

Cairo — Egypt’s tourism industry is entering the peak summer season from a position of strength despite heightened geopolitical tensions across the Middle East, as hotel occupancy rates surged during the Eid Al-Adha holiday and Gulf carriers expanded services to the Mediterranean resort city of Ala»»»

meobserver.org
Arab News 02.06. 18:13

Lebanon seeks Iranian pressure on Hezbollah to secure ceasefire, sources say

BEIRUT: Lebanon’s Parliament Speaker Nabih Berri has been working through Iranian channels to secure Hezbollah’s commitment to a ceasefire while his country presses ahead with negotiations aimed at ending the war, political sources have told Arab News. The Amal Movement leader remains central to ef»»»

arabnews.com
Gulf News 02.06. 17:27

Joint statement by Foreign Ministers of UAE, Jordan, Türkiye, Egypt, Indonesia, Pakistan, Saudi Arabia, and Qatar on incursions by extremist Israeli settlers into Al Aqsa Mosque

The Foreign Ministers of the United Arab Emirates, the Hashemite Kingdom of Jordan, the Republic of Türkiye, the Arab Republic of Egypt, the Republic of Indonesia, the Islamic Republic of Pakistan, the Kingdom of Saudi Arabia, and the State of Qatar condemn in the strongest terms the continued incu»»»

gulfnews.com
Arab News 02.06. 17:12

Palestine Red Crescent evacuates 33 patients from Gaza

LONDON: The Palestine Red Crescent Society evacuated 33 patients and their 40 companions from the Gaza Strip on Tuesday so that they could receive medical treatment in Egypt. With help from the World Health Organization, the group left from the Medical Rehabilitation Hospital and traveled through t»»»

arabnews.com
Qatar Tribune 02.06. 15:12

Qatar affirms commitment to its efforts in mediation and preventive diplomacy

The State of Qatar has affirmed continued commitment to its efforts in mediation, dialogue, and preventive diplomacy to bolster peaceful efforts aimed at de-escalation and the preservation of international peace and security. This came in Qatar's statement delivered by Permanent Representative of t»»»

qatar-tribune.com
The Peninsula 02.06. 15:02

Iran World Cup squad to head for Mexico via Spain

Tehran, Iran: Iran's football team will leave for Spain this weekend en route to their World Cup base in Mexico despite still awaiting visas, the head of the country's football federation said. The 2026 World Cup is being hosted jointly by the United States, Mexico and Canada. Neither the United St»»»

thepeninsulaqatar.com
The Peninsula 02.06. 14:02

Qatar Affirms Continued Commitment to Its Efforts in Mediation, Dialogue, and Preventive Diplomacy

New York: The State of Qatar has affirmed continued commitment to its efforts in mediation, dialogue, and preventive diplomacy to bolster peaceful efforts aimed at de-escalation and the preservation of international peace and security. This came in Qatar's statement delivered by HE Permanent Repres»»»

thepeninsulaqatar.com
Daily News Egypt 02.06. 14:01

Egypt’s Al-Mashat assumes UN ESCWA leadership, plans regional think tank coalition

Egypt’s Rania Al-Mashat officially assumed her duties as United Nations Under-Secretary-General and Executive Secretary of the UN Economic and Social Commission for Western Asia (ESCWA) on Tuesday, announcing plans to launch a coalition of regional think tanks to support evidence-based policymaking»»»

dailynewsegypt.com
Middle East Observer 02.06. 12:36

Egypt stocks jump in heavy trade on FX weakness, loan with China

Dec 19 Egypt’s stock index jumped 2.5 percent in heavy trade by mid-afternoon on Monday as the Egyptian pound depreciated against the US dollar, and on news that a state-owned bank signed a loan with a big Chinese bank, portfolio managers said. Twenty-five of the 30 most liquid Egyptian shares rose»»»

meobserver.org
Middle East Observer 02.06. 12:35

SANY Project Signals Egypt’s Shift from Renewable Energy Buyer to Manufacturer

Cairo — Egypt’s discussions with China’s SANY Group have evolved beyond plans for a wind turbine factory to encompass renewable-energy projects with a combined capacity of up to 2,000 MW, as Cairo seeks to build a domestic clean-energy industrial base and position itself as a regional manufacturing»»»

meobserver.org
Middle East Observer 02.06. 11:35

Arab Contractors to Spearhead Ambitious Chad-Libya-Egypt Road Project

In a significant development for African infrastructure, Egypt’s Arab Contractors Company has finalized a protocol to embark on a transformative road project linking Chad, Libya, and Egypt. Announced by the Egyptian Cabinet, this initiative underscores Egypt’s commitment to bolstering regional conn»»»

meobserver.org
Middle East Observer 02.06. 11:35

Local buying lifts EGX despite foreign outflows in post-Eid trading

Cairo — Egyptian equities rose in the first session after the Eid Al-Adha break, with domestic investors driving a broad-based rally that absorbed continued Arab and foreign selling and reinforced the market’s resilience despite renewed regional pressure. The benchmark EGX30 rose 0.37% to 52,853.94»»»

meobserver.org
Gulf News 02.06. 10:02

Seven members of one family die after car plunges into Nile Canal in Egypt

Dubai: Seven members of the same family were killed after their car plunged into a water canal near the town of Badrashin in Egypt's Giza governorate, authorities said. Emergency services were dispatched to the scene after receiving reports that a vehicle had fallen into the Marioutiya water canal »»»

gulfnews.com