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»»»

Central Bank of Egypt (CBE) Governor Hassan Abdalla and African Export-Import Bank (Afreximbank) President and Chairperson George Elombi have held a press briefing at the CBE headquarters ahead of the 33rd Afreximbank Annual Meetings (AAM2026), scheduled to take place in Alamein from 21 to 24 June »»»

Deputy Minister of Foreign Affairs for International Cooperation, Samar al-Ahdal stressed the importance of enhancing development financing and supporting digital transformation and innovation in the countries of the Global South to confront growing economic and geopolitical challenges. This came d»»»

RIYADH: Saudi Arabia emerged as this week’s main mover in startup activity across the region, with five firms announcing new funding across fintech, health tech, and business operations. The largest deal in the sector from the Kingdom came from fintech Stitch, which raised $25 million in series A f»»»

Dubai: Kuwait has officially announced a reduction in working hours across government entities to six hours a day during the summer months as part of efforts to reduce electricity consumption and support the stability of the national power grid. The decision came after the Civil Service Council app»»»

By Ahmad Abu el-Hamd The nation’s struggling economy, housing crisis, and credit crunch have undeniably impacted many citizens. The tough nature of our turbulent economy makes many consumers feeling confused and powerless. While it’s important for consumers to try to understand what’s going on in o»»»

Egypt and Türkiye are strengthening their cooperation and “strategic partnership” by boosting air traffic and tourism as the two countries mark 75 years since the first flight between them. Egyptian Minister of Civil Aviation Sameh el-Hefny said on Friday that the celebration sent “a positive messa»»»

Technip Italy, a world leader in project management for the energy industry, has finalised two joint agreements valued at a total of $2.9 billion with Egypt-based companies for upgrades of two refineries in the North African country. The contract with Egyptian General Petroleum Corporation (EGPC) a»»»

As Egypt strides towards a cashless future, the recent launch of Apple Pay and the upcoming introduction of Google Wallet in 2025 mark significant milestones in the nation’s financial inclusion strategy. These advancements are integral to Egypt’s 2022-2025 plan to embrace contactless payment method»»»

Hamas voiced hope that a direct meeting would be held between its leadership and Fatah’s after the end of the latter’s eighth general conference, which is being held for a second day in Ramallah, Gaza, Cairo, and Beirut. The conference is due to end on Saturday with the election of new members to F»»»

BRUSSELS: Romelu Lukaku’s efforts to recover from injuries seem to have paid off after the Napoli striker was included in Belgium’s World Cup squad Friday. Lukaku, midfield great Kevin de Bruyne and Real Madrid goalkeeper Thibaut Courtois are set to play their fourth World Cup campaigns. Lukaku has»»»

Foreign Minister Velislava Petrova spoke by phone with the Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates of the Arab Republic of Egypt, Dr. Badr Abdelatty, the Foreign Ministry said in a press release on Friday. During the conversation, which was initiated by the E»»»

Talgat Ashirbekov has been appointed Ambassador Extraordinary and Plenipotentiary of Kyrgyzstan to Egypt, the Presidential Administration reported. The corresponding decree was signed by President Sadyr Japarov. Earlier, on December 15, 2025, a presidential decree established the Embassy of Kyrgyzs»»»

On 13 September 2017, on the sidelines of the inauguration of the “Boosting Investments in the Mediterranean” Conference organised by EIB in collabouration with MIIC, the Minister of Investment and International Cooperation Dr. Sahar Nasr signed a financing agreement worth EUR 4.7 million with the »»»

Brussels, Belgium: Belgium coach Rudi Garcia named Romelu Lukaku in his World Cup squad on Friday despite saying Belgium's all-time record goalscorer was "out of shape". Lukaku, who has scored 89 goals in 124 international appearances, has struggled for form and fitness at Serie A club Napoli this »»»

PSKOV, Russia: Europe’s Baltic states lie just half an hour away — sealed off and on edge — from the Russian border city of Pskov, where the locals shrug off fears their country will attack as they play their part in supporting Moscow’s army fighting in Ukraine. Beneath the round towers of Pskov’s »»»

A fact-finding comittee to investigate CAO’s statements Economists said that the latest statements by Hisham Genena, the Head of the Central Auditing Organisation, on corruption will cause confusion among investors, especially in light of the conflict that has occurred in this respect. Genena annou»»»

A two-day meeting of foreign ministers from the BRICS nations concluded in New Delhi on Friday without a joint statement because of "differing views among some members" on the situation in the Middle East, host India said. The differences highlighted the challenge of maintaining unity within the bl»»»

Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty reaffirmed Egypt’s commitment to attracting further Indian investments and boosting bilateral trade. The minister’s remarks came during talks with Indian Minister of Commerce and Industry Piyush Goyal on »»»

Minister of Education Dr El-Hilali El-Sherbini issued ministerial decree no. 64 on forming anti-corruption commission in the ministry’s general bureau and directorates. This commission will be authorized to set and follow up on main executive plans for the national anti-corruption strategy 2015-201»»»