Cairo — Egypt’s stock market began trading on Sunday, 17 May 2026 on a sharply weaker note, extending the corrective phase that has followed the market’s rally to multi-year highs earlier this month, as broad-based selling weighed across both blue-chip and smaller-cap shares. The benchmark EGX30 fe»»»

DUBAI: Netflix has partnered with the Arab Fund for Arts and Culture to launch the third edition of its regional Women in Film program. The initiative, titled “Women in Film III: Training Through Practice,” will provide training and mentorship opportunities to 35 participants from Saudi Arabia, the»»»

DUBAI: An Israeli law pemitting the death penalty for West Bank Palestinians went into effect on Sunday, media reports said. Maj. Gen. Avi Bluth, the head of the Israeli army’s Central Command, signed the military order necessary to implement the measure in the occupied West Bank, The Times of Isra»»»

MAGRABI Retail, the Middle East’s largest eyewear retailer, announces the proposed acquisition of 51per cent of the issued share capital of the Baraka Optics Group, one of the largest premium optical retail chains in Egypt. The transaction remains subject to customary regulatory approvals, includin»»»

The Egyptian pound dropped again against the dollar on the black market on 21 July 2016, extending its recent decline despite central bank efforts to close the gap between demand and supply in the dollar-starved economy. Egypt, which relies heavily on imports, is facing a shortage in foreign curren»»»

DOHA: Prime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani received a phone call from Minister of Foreign Affairs, International Cooperation, and Egyptians Abroad in the Arab Republic of Egypt HE Dr Badr Abdelatty. During the call, they reviewed the »»»

TEHRAN: Iran’s national football team was headed to Turkiye on Monday to play a final friendly match and apply for visas to fly to the United States for the 2026 World Cup, Iranian media reported.The team plan to participate in the tournament despite co-host Washington having launched a war against»»»

Doha, Qatar: Prime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani received a phone call from HE Dr. Badr Abdelatty, Minister of Foreign Affairs, Immigration and Egyptian Expatriates of the Arab Republic of Egypt. During the call, they reviewed bilate»»»

Tehran, Iran: Iran's national football team headed to Turkiye on Monday to play a final friendly match before flying to the United States for the 2026 World Cup, Iranian media reported. "The Iranian national football team... departed this morning for Antalya, Turkiye to play its final friendly matc»»»

The restrictions on Russian athletes were officially lifted during the Executive Committee meeting in Egypt. FIG updated its previous neutral-status policy, clearing the way for full national representation.This ruling applies to junior and senior athletes in all five recognized gymnastics discipli»»»

Climber Mostafa Salameh is carrying a kite scribbled with dreams of Gaza's children to the summit of Mount Everest, seeking to raise awareness of the war's toll on its youngest victims. Tucked among his expedition gear is the kite in red, black, white and green of the Palestinian flag, marked with »»»

In the heart of Abu Dhabi’s Al Dhafra region stands the Barakah Nuclear Energy Plant — one of the most strategic projects in the history of the United Arab Emirates. More than simply being the first peaceful nuclear power plant in the Arab world, Barakah represents a fundamental transformation in t»»»

Egyptian President Abdel Fattah El-Sisi, Cypriot President Nikos Christodoulides, and Greek Prime Minister Kyriakos Mitsotakis convened for the 10th summit of their tripartite cooperation mechanism last week. Their discussions culminated in a robust commitment to bolstering peace, stability, and co»»»

Driven by a wave of regional investor enthusiasm, the Egyptian Exchange (EGX) enjoyed a robust comeback, closing with significant gains this Thursday. The influx of regional buying power added a substantial LE 14.9 billion to the market’s capitalization. Leading the charge, the benchmark EGX 40 ind»»»

PARIS: Iran put to death over 2,150 people last year, a “staggering” increase that pushed recorded worldwide executions to their highest level since 1981, Amnesty International said Monday. Amnesty said it had confirmed the executions of at least 2,707 people globally in 2025. Of these cases, 2,159»»»

A drone strike sparked a fire near the United Arab Emirates’s Barakah nuclear power plant on Sunday, authorities said, in an attack Abu Dhabi condemned as a threat to regional security. The strike highlighted the possibility of renewed war amid a fragile ceasefire between the United States and Iran»»»

Water & Sanitation Client : Potable Water & Sanitary Drainage Company at Menia Address : El Menia Tender : Supply of annually works 2017/2018 for water & sanitary drainage networks 1) Water Networks: – Tender No. 58 of Aladwa Maghagha Center – Tender No. 59 of Bani Mazar Center – Tender No. 60 of M»»»

BP Egypt has announced an important new gas discovery in the Baltim South Development area in the East Nile Delta. The Baltim SW-1 well was drilled in water depth of 25 meters and reached a total depth of 3750 meters. As a result, it penetrated approximately 62 meters of net gas pay in high quality»»»

Magrabi Retail, the Middle East’s largest eyewear retailer, has announced the proposed acquisition of 51 percent of the issued share capital of the Baraka Optics Group, one of the largest premium optical retail chains in Egypt. The transaction remains subject to customary regulatory approvals, incl»»»

Raafat Abdel Moez, Technical analyst at Osool ESB Securities Brokerage, said that Egyptian Exchange (EGX) benchmark index EGX30 re-focuses this week on resistance level at 7700-7750 points, which is expected to hinder it from keeping moving upwards. In a statement to MEO, the analyst said that inve»»»

Minister of Environment and Climate Change HE Dr. Abdullah bin Abdulaziz bin Turki Al Subaie met with Ambassador of Egypt to Qatar HE Walid ElFeky on Sunday. Both sides reviewed ways to enhance cooperation between the two countries, particularly in environment and discussed a host of matters of mut»»»

A number of countries including Kuwait, Jordan, Saudi Arabia, Bahrain and Egypt strongly condemned the terrorist attack on the UAE’s Barakah Nuclear Power Plant and reaffirmed full solidarity with the country. On Sunday, the State of Kuwait strongly condemned the drone attack that targeted an elect»»»

MEO had the pleasure to interview, Dr. Hisham Azmi Secretary General of the Supreme Council for Culture, to address major key points related to the Egyptian Cultural Scene. Please tell us about your career path? Well, I received my BA from the faculty of Arts Cairo university; following I travelled»»»

RIYADH: Saudi foreign minister Prince Faisal bin Farhan spoke to his counterparts from the UAE and Egypt on Sunday, the Saudi Press Agency reported. During a phone call with the Emirati foreign minister, Prince Faisal and Sheikh Abdullah bin Zayed Al-Nahyan discussed action being taken after the at»»»

Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, discussed during phone calls with a number of foreign ministers of brotherly countries the repercussions of the terrorist attack that targeted an electrical generator outside the inner perimeter of the Barak»»»

Ahmed Rostom, Minister of Planning and Economic Development, met with Almud Weitz, Regional Director for Infrastructure in the Middle East and North Africa at the World Bank Group, to discuss strengthening cooperation and advancing shared strategic priorities. Rostom affirmed that Egypt is pursuing»»»

Egypt has welcomed the implementation of the second phase of a $1bn development policy financing programme with the World Bank and is looking forward to launching a third phase, Foreign Minister Badr Abdelatty said on Sunday. The announcement came during Abdelatty’s meeting with World Bank Vice Pre»»»

Egypt’s real estate market has the potential to evolve from a strong domestic sector into an exportable investment product amid global geopolitical and economic shifts, according to Ahmed El Sayed, Chairperson of Golden View Developments. El Sayed noted that international investors increasingly pri»»»

VIE Communities, a newly formed Egyptian-Emirati real estate alliance, has officially launched in Egypt with plans to develop two landmark projects in New Cairo, representing combined investments exceeding EGP 150bn. The partnership brings together Future of Egypt for Investment and Development, Gl»»»

Egypt’s foreign trade has reached an impressive $104.7 billion in the fiscal year 2023/2024, according to a recent report by the Central Bank of Egypt (CBE). This substantial figure includes $72.1 billion in imports and $32.6 billion in exports, emphasizing the country’s robust engagement with glob»»»

Paris, France: FIFA secretary general Mattias Grafstrom described as "excellent" and "constructive" the meeting held on Saturday in Istanbul with the Iranian federation to ensure Iran's participation in the 2026 World Cup in the United States, Canada and Mexico. The Iranians are scheduled to be bas»»»

Doha, Qatar: Minister of Environment and Climate Change HE Dr. Abdullah bin Abdulaziz bin Turki Al Subaie met Sunday with Ambassador of the Arab Republic of Egypt to the State of Qatar, HE Walid ElFeky. Both sides reviewed ways to enhance cooperation between the two countries, particularly in envir»»»

Dubai: Having tested the world’s dependence on the Strait of Hormuz through wartime oil disruptions, Iran is now signaling it could target another critical global artery — the subsea internet cables carrying financial transactions, cloud services and digital communications between Europe, Asia and »»»

Cairo — Egypt’s stock market ended trading on Thursday, 14 May 2026 on a mixed note, with the benchmark index extending its recent decline as investors continued trimming positions in large-cap stocks, while broader indices maintained modest gains supported by selective buying in mid- and small-cap»»»

RIYADH: Egypt’s vast New Delta project will transform a swathe of desert west of the mouth of the Nile River into arable land and include infrastructure investments worth 800 billion Egyptian pounds ($15 billion), President Abdel Fattah El-Sisi said. El-Sisi made the remarks during the inauguration»»»

US dollar The US Dollar has crossed the LE 53 mark across several local Egyptian commercial banks. This upward movement is driven by a broader global rally of the greenback and intensifying geopolitical anxieties within the Middle East, Al-Mal reported. Global dynamics fueling the greenback This do»»»

Prime Minister Mostafa Madbouly disclosed that the government plans to localize the production of selected items identified by the Ministries of Housing and Industry, following a ministerial group meeting that focused on industrial development. Among the selected items are electric motors, generato»»»

Hisham Ezz Al-Arab, Chief Executive Officer of Commercial International Bank (CIB), has warned that the rapid expansion of Egypt’s non-banking financial sector could create future risks for the broader economy if growth continues without sufficiently strict credit controls and risk-management stand»»»

PARIS: FIFA secretary general Mattias Grafstrom described as “excellent” and “constructive” the meeting held on Saturday in Istanbul with the Iranian federation to ensure Iran’s participation in the 2026 World Cup in the United States, Canada and Mexico. The Iranians are scheduled to be based and p»»»

Dubai: Abu Dhabi-based Modon Holding and Montage Hotels & Resorts have launched a luxury resort and branded residences project at Egypt’s Ras El Hekma development on the Mediterranean coast, marking Montage’s first entry into the Egyptian market. Get updated faster and for FREE: Download the Gulf N»»»

Dubai: Livestock traders across the UAE say they are entering the Eid Al Adha season with strong supplies of sacrificial animals and rising consumer demand, despite mounting cost pressures driven by regional developments and higher transport expenses. Traders said demand for sacrificial animals is »»»

The General Authority for Investment (GAFI) said it approved the establishment of 1,741 companies with combined investments of EGP 3.6 billion during March, according to a report. The companies’ total combined capital amounted to EGP 3.2 billion, according to GAFI. Capital owned by Arab and foreign»»»

In a world where digital borders are blurring and countries are racing to control data and build technological power, Saudi Arabia has chosen to carve out its own digital path. Through an ambitious strategic vision, the Kingdom has launched a network of policies, investments, and high-value partner»»»

Energy, Power, Electricity and Renewable Client : New and Renewable Energy Authority (UREA) Address : Abbas El Akkad Extension, Dr. Ibrahim Abou El Naga Street, Nasr City, Cairo, Egypt Tender : Pre-qualification for contractors to submit their prequalification for designing, manufacturing, implemen»»»

Palestinian activist Ramy Shaath is facing deportation proceedings from France, as his presence in the country is now considered a “serious threat to public order” by authorities, his lawyer said on Friday. The activist, a co-founder of the Urgence Palestine organisation, had been detained in Egypt»»»

Egypt’s central bank governor Tarek Amer said last week that the central bank will “soon” cancel a $100,000 limit on individual bank transfers. Under currency transfer restrictions the central bank has limited the amount of hard currency an individual can transfer abroad per year to $100,000. “The »»»

RIYADH: Saudi Arabia staged its first internationally sanctioned athletics competition this weekend with the conclusion of the inaugural Saudi Grand Athletics Prix 2026 in Riyadh, marking a significant step in the Kingdom’s push to become a global sports destination. The two-day event, held at the »»»

by Maye Kabil In his visit to New York to attend the UN’s 70th General Assembly, the Egyptian president delivered the message that Egypt is determined to achieve comprehensive development alongside security stability to fight corruption and to remedy the poor exploitation of resources. President Ab»»»

PARIS: Palestinian activist Ramy Shaath said French authorities are seeking to deport him on the grounds that he is a threat to public security, accusing France of targeting him over his pro-Palestinian activism. Shaath, 54, said in a May 14 face-to-camera video statement posted online that the mov»»»

TEHRAN: Iran’s World Cup squad will travel to Turkiye on Monday for a training camp, friendlies and to complete visa applications before heading to the United States, head coach Amir Ghalenoei said on Saturday. Team Melli will be returning to Antalya where they trained and played friendlies in Marc»»»