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»»»

Ahmed Rostom, Minister of Planning and Economic Development, has held talks with Luca Sabbatucci, Italy’s Permanent Representative to international organisations in Paris, and Esen Altuğ, Türkiye’s Permanent Representative to the Organisation for Economic Co-operation and Development (OECD), as Egy»»»

The Korea International Cooperation Agency (KOICA) and the United Nations World Food Programme (WFP) have marked the completion of a joint programme supporting refugees and Egyptian host communities through integrated initiatives to improve nutrition, economic resilience, and social cohesion. With »»»

Dubai: Air Arabia has resumed a limited number of flights to and from the UAE, operating across select routes in Asia, Europe, the Middle East and Africa, subject to operational and regulatory approvals, according to a travel update issued on June 5. Passengers can book available services through t»»»

Iran fired upon Kuwait and Bahrain after the United States attacked surveillance sites in Iran Friday. File Photo by Ismael Mohamad/UPI | License Photo June 6 (UPI) -- The United States said it intercepted several Iranian ballistic missiles and drones shot toward the Strait of Hormuz, the Persian G»»»

Skywatchers will witness a total solar eclipse on August 12, 2026, when the Moon passes between the Sun and Earth, briefly blocking sunlight across parts of the planet. A partial eclipse will be visible across large areas of Europe, Africa and North America, where only part of the Sun will be obscu»»»

The new Suez Canal will enhance the commercial movement especially in the Canal cities, Angy Essam will explain the effect of the new Suez Canal on the commercial sector Most of the investors and experts regard the new Suez Canal as a step on the right track toward achieving the targeted economic d»»»

The crisis surrounding Syria's nomination of Mohammad Taha Al-Ahmad as its ambassador to Egypt, first revealed in an Asharq Al-Awsat report published on June 1, appears to be heading toward a resolution. An Egyptian official source told Asharq Al-Awsat that Cairo has received the name of a new nomi»»»

Major global financial institutions stated that Egypt’s flexible exchange rate and recent monetary policies have enhanced investor confidence, as Egyptian ministers outlined plans to deepen the capital market and expand exports during a series of meetings in London. Representatives from BlackRock, »»»

Egypt urged multilateral development banks to deploy faster and more flexible financing to counter the economic fallout of Middle East conflicts, whilst confirming the continued rollout of a 2024-2027 European Union financial support package. Minister of Foreign Affairs, International Cooperation a»»»

Minister of Finance, Amr Al Garhy, referred to the economic performance indicators within the first-half of 2016/2017. He said, the total deficit declined to a 5.1 percent compared to a 6.2 percent within the same period of last year. The revenues recorded EGP 220 billion, increasing by a 14.5 perc»»»

Minister of Labor Hassan Raddad on Saturday, June 06, 2026, discussed with Director General of the International Labor Organization (ILO) Gilbert F. Houngbo means of enhancing technical cooperation and joint coordination throughout the coming period, as well as a number of issues related to employm»»»

RIYADH: A series of venture capital, funding, acquisition, and leadership announcements marked the post-Eid week across the Middle East and North Africa’s startup and technology ecosystem. Deals spanned impact investing, telecom-backed venture capital, autonomous logistics, artificial intelligence,»»»

MEO – Ministry of Supply and Internal Trade struck a deal to purchase 235,000 tonnes of Russian, French and Romanian wheat, during an international bid that was held where national and international companies presented offers of an average $189.17 per tonne; provided that the provision of wheat sta»»»

Sultan Ahmed Bin Sulayem, group chairman and CEO of Dubai Ports World, and Admiral Mohab Mamish, chairman of the Suez Canal Authority and the Suez Canal Economic Zone (SCZ), have presented details of the recent agreement to develop an integrated industrial and residential zone in Sokhna. The Sokhna»»»

by Maye Kabil: The National Bank of Egypt is to launch a new investment fund aimed at attracting the savings of Egyptians working in the Gulf states that are not already invested in the market there. Attracting the savings of Egyptians working abroad has been a repeated target for governments and b»»»

Oil & Gas Products, Equipment and Services Client : Misr Petroleum Company Address : Alexandria Tender : Tender No. 16/2017 for the rehabilitatin works of El Nil Company’s station for cars production at Marsa Matrouh Tender documents : EGP800 Tenders to be submitted in two envelopes (technical & fi»»»