Cairo: Egyptian President Abdel Fattah El-Sisi met Monday with his Eritrean counterpart, Isaias Afwerki, during his visit to Egypt. Their discussions focused on bilateral relations between the two countries and avenues for deepening and expanding them, along with regional and international developm»»»

Cairo — Egypt’s offshore oil fields in the Sinai region have reached their highest daily production level in nearly a decade, underscoring the country’s growing focus on extracting additional value from mature hydrocarbon assets amid efforts to strengthen domestic energy supplies. The Ministry of P»»»

Cairo — Egyptian stocks (EGX) opened the week lower on Sunday as investors locked in profits following recent gains, while foreign, Arab and local investors all turned net sellers despite continued strength in trading volumes and improving sentiment toward Egypt’s broader economic outlook. The decl»»»

It was deliberately symbolic that the European Bank for Reconstruction and Development (EBRD) chose Riga for its 35th annual meeting. Latvia, one of the EBRD's earliest countries of operation and a nation that shares a border with Russia, knows something about what it means to rebuild an economy in»»»

Yemen’s Iran-backed Houthi rebels claimed an attack on Israel and said Israel-affiliated vessels would again be a target in the Red Sea, putting the Red Sea, the Gulf of Aden and the narrow Bab el-Mandeb Strait connected them in danger. The statement from Brig. Gen. Yahya Saree was broadcast on the»»»

As Ethiopians went to the polls last week, politicians in the landlocked country stepped up their push for Red Sea access, citing its right to the waters and Egypt’s hostile encirclement in neighbouring states. Africa’s second-most populous country is ruled by the Prosperity Party of Ethiopian Prim»»»

'A World Cup for them not us': Fans' anger at US travel bans and visa restrictions 12 hours agoShareSaveAdd as preferred on GoogleNadia HuraimiBBC News Arabic Abdulla AdnanIraqi fan Abdulla Adnan has been unable to get a visa to travel to the US to see his country play When Iraq's football team qua»»»

Doha: The Arab national teams competing in the 2026 FIFA World Cup will be counting on a host of standout players, as these stars aim to make their mark and deliver eye-catching performances during the tournament, which will take place in the United States, Canada, and Mexico from June 11 to July 1»»»

Arab Finance: Nissan Motor Company celebrated the production of the first Nissan Magnite in Africa at its manufacturing facility in 6th of October City, as per a statement. On the sidelines of the event, Prime Minister Mostafa Madbouly met senior company executives, reaffirming the government's sup»»»

Prime Minister Mostafa Madbouly said the government is planning fully integrated industrial zones across Upper Egypt as part of efforts to expand industrial development beyond traditional economic hubs. Speaking at a press conference on Sunday, June 7, 2026, following an inspection tour of Alexandr»»»

Turkish apparel Şahinler Egypt manufacturer is expanding its Egyptian operations as global retailers diversify sourcing networks beyond Asia, reinforcing Egypt’s emergence as a strategic manufacturing and export hub serving Europe, North America and regional markets. Prime Minister Mostafa Madbouly»»»

Yemen’s Iran-backed Houthi rebels claimed an attack on Israel and said Israel-affiliated vessels would again be a target in the Red Sea, putting the Red Sea, the Gulf of Aden and the narrow Bab el-Mandeb Strait connected them in danger. The statement from Brig. Gen. Yahya Saree was broadcast on the»»»

On June 8, 1967, the USS Liberty, an intelligence ship sailing in international waters off Egypt, was attacked by Israeli jet planes and torpedo boats. 1 of 6 | The USS Liberty (AGTR-5) receives assistance from units of the Sixth Fleet, after she was attacked and seriously damaged by Israeli forces»»»

Talks on advancing the fragile Gaza ceasefire have begun in Cairo between mediators and Palestinian factions, a Palestinian source familiar with the meeting told AFP. The discussions, which started Sunday and are set to resume Monday, come as violence continues to plague the territory despite the t»»»

Israel and Iran traded fire early Monday in retaliatory strikes that threatened to drag the wider Middle East back into a full-scale regional war, while Yemen’s Houthi militants also fired at Israel and warned they would target Israel-affiliated ships in the Red Sea, further escalating tension. Isr»»»

Accomplishment of feasibility studies for first grain bourse in Egypt and the Middle East Dr Khaled Hanafi, Minister of Supply and Internal Trade, announced the completion of the feasibility studies for the establishment of the first grain bourse in Egypt and the Middle East, prepared by Sigma Glob»»»

Cairo: Prime Minister and Minister of Foreign Affairs H E Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani met yesterday with Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates of the Arab Republic of Egypt H E Dr. Badr Abdelatty. The meeting discussed relations betw»»»

Investment and International Cooperation Minister Sahar Nasr and Transport Minister Hisham Arafat discussed with senior officials of General Electric (GE) and Siemens their offers to upgrade Egypt’s railways. During their meeting with General Electric (GE) North East Africa CEO Ayman Khattab, the m»»»

TIJUANA: Iran’s national football team was greeted Sunday in Mexico by a small group of supporters eager to give them a warm start to the World Cup, despite visa problems facing some staffers. “I’m very excited to see them,” said Sadegh Galavi as he watched the players’ bus leave the airport in Tij»»»

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»»»