dailynewsegypt.com
Egyptian Foreign Minister Badr Abdelatty held a series of meetings with his French, Ukrainian and Canadian counterparts on Tuesday on the sidelines of a Group of Seven (G7) ministerial meeting in Paris, discussing regional de-escalation, the war in Ukraine, food security, and prospects for expanding economic cooperation. Abdelatty met French Foreign Minister Jean-Noël Barrot to […]
Egypt’s Minister of Agriculture and Land Reclamation Alaa Farouk presented his ministry’s food security strategy to a plenary session of the Senate, telling lawmakers that wheat output had risen to 11 million tonnes in 2026 and that the country’s farmland had expanded to 10.5 million feddans. Farouk said the strategy rests on five pillars: expanding […]
Egyptian Health Minister Khaled Abdel Ghaffar on Tuesday called for prioritising the health crises in Palestine, Sudan and Yemen at a meeting of Arab health ministers, stressing the need for continued humanitarian, medical and emergency financial assistance to the three countries. Abdel Ghaffar chaired the 65th regular meeting of the Executive Bureau of the Arab […]
Egypt’s cabinet, meeting under Prime Minister Mostafa Madbouly at the government’s headquarters in the New Administrative Capital, approved a draft presidential decree on the second phase of a World Bank development policy financing programme, alongside a series of decisions on coastal management, public contracts and education. The financing agreement, signed with the International Bank for […]
Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA), met on Tuesday with a delegation from the European Bank for Reconstruction and Development (EBRD) to discuss recent government share offerings on the Egyptian Exchange (EGX) and the latest developments in Egypt’s non-banking financial sector. The delegation comprised Mark Davis, Managing Director for the Southern and […]
Commercial International Bank (CIB) reported consolidated net income of EGP 63.1bn, equivalent to EGP 16.7 per share, for the first nine months of 2026, marking a 2% increase year-on-year (YoY), despite an exceptional EGP 13.1bn provision release recorded in the third quarter of 2025 following the recalibration of the bank’s Expected Credit Loss (ECL) model. […]
Egypt’s Minister of Investment and Foreign Trade, Mohamed Farid, held a series of high-level bilateral meetings in Washington, DC, on the sidelines of the B20 USA 2026 Business Summit, to strengthen trade and investment ties with the United States and expand cooperation with international financial institutions. Accompanied by Egypt’s Ambassador to the United States, Mohamed […]
Moustafa Shaikhon, Chairperson of the Suez Canal Economic Zone (SCZONE), met on Tuesday with a delegation from Shanghai Pudong Development Bank (SPDB) to discuss joint investment opportunities, project financing mechanisms, and infrastructure development across the economic zone. The meeting, held at SCZONE headquarters in the New Administrative Capital, was led by SPDB Vice President Cui […]
Ahmed Rostom, Minister of Planning and Economic Development, said Egypt’s economic policy is shifting towards a competitive, private sector-led growth model aimed at translating economic stability into a production and export boom while creating decent job opportunities. He revealed that the private sector accounts for approximately 80% of Egypt’s gross domestic product (GDP), represents 60.8% […]
Egyptian Prime Minister Moustafa Madbouly witnessed the signing of two major hotel management agreements with international hospitality operators at the government headquarters in the New Administrative Capital, reflecting growing domestic and foreign investment in the country’s tourism sector. The agreements will bring international hotel brands to key destinations across Egypt, supporting the National Tourism Strategy’s […]
Israel is pursuing a broadly consistent strategy along its northern front in both Syria and Lebanon. At its core, this strategy seeks to exploit the political and military vulnerabilities confronting both countries in order to impose a new geopolitical and security reality, establish demilitarised zones or areas under its influence, and provide additional strategic depth […]
The Republicans’ loss of control of both chambers of Congress in the 2026 midterm elections was more than a political setback for President Donald Trump. It exposed a fundamental shift in the political environment in which he will have to govern during the final two years of his presidency. Beginning in January 2027, Trump will […]
Drive Finance, a subsidiary of GB Capital and the non-bank financial services arm of GB Corp, has completed an EGP 1.5bn bond issuance with a maturity of 13 months, the company announced. The issuance is a key pillar of Drive Finance’s strategy to diversify its funding sources, strengthen its capital structure and sustain expansion across […]
Egypt’s Minister of Communications and Information Technology Raafat Hendy delivered Egypt’s address to the plenary session of the International Telecommunication Union’s Plenipotentiary Conference (PP-26) in Doha, where he announced that Egypt is renewing its candidacy for a seat on the ITU Council representing Africa. Hendy spoke in the presence of ITU Secretary-General Doreen Bogdan-Martin, alongside […]
Two ministers and the governor of Cairo on Monday opened the capital’s first shelter for stray dogs, a 5,000 sq m site east of the Autostrad road in El Tebbin, south of the city. Manal Awad, minister of local development and environment, Agriculture Minister Alaa Farouk and Cairo Governor Ibrahim Saber toured the facility alongside […]
Mohamed Abou Bakr, Chairperson of the Arab Organization for Industrialization (AOI), received Gildas Agonkan, Minister Delegate to the President of Benin in charge of National Defence, and his accompanying delegation to discuss ways to strengthen bilateral cooperation and leverage the AOI’s advanced industrial capabilities to meet Benin’s needs in development projects, defence and security industries, […]
Egypt’s Ministry of Tourism and Antiquities is using augmented reality (AR) and artificial intelligence (AI) to recreate the fifth-century architecture and spiritual heritage of the historic Abu Mena archaeological site and Saint Mina Monastery in Alexandria. During a meeting chaired by Minister of Tourism and Antiquities Sherif Fathy, ministry officials met with a delegation led […]
Egypt’s Minister of Investment and Foreign Trade Mohamed Farid met executives from France’s Salins Group at the ministry’s headquarters in Cairo to discuss the company’s plans to expand its business in Egypt. Farid met Benjamin Duchesne, general manager of Marine Salt Trading Cie, a Salins Group subsidiary, and export manager Gaëlle Doussard, in the presence […]
Mahmoud Esmat, Minister of Electricity and Renewable Energy, met with a delegation from Advanced Engineering Consultants (ADVEC), a company specialising in energy management, renewable energy integration and electricity grid solutions, headed by CEO Ahmed Salam. The meeting was attended by Ali Abdel Fattah, Chairperson of the Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA). […]
Minister of Investment and Foreign Trade Mohamed Farid met with Adeeb Yousuf Al-Aama, CEO of the International Islamic Trade Finance Corporation (ITFC), and an accompanying delegation to discuss ways to strengthen cooperation in export financing, start-up support, investment zone development, and the use of technology and artificial intelligence to promote foreign trade. The meeting formed […]
Egyptian Prime Minister Mostafa Madbouly met ministers and officials on Monday to review progress on overhauling Egypt’s scheme for settling certain building violations and legalising the properties concerned, following instructions issued by President Abdel Fattah al-Sisi at the Egypt Forum 2026. The meeting was attended by Manal Awad, minister of local development and environment; Alaa […]
Egyptian President Abdel Fattah Al-Sisi on Monday called for sustained efforts to bring down inflation and public debt, increase foreign currency inflows and maintain sufficient foreign exchange reserves to cover the country’s strategic import needs. Al-Sisi issued the directives during separate meetings with Prime Minister Mostafa Madbouly, Central Bank of Egypt (CBE) Governor Hassan Abdalla […]