Day: September 7, 2025

Egypt unveiled on Sunday 7 September its latest mega tourism development: a new Red Sea city resort project worth EGP 900 billion (about USD 18 billion), launched through a partnership with Emirati and Saudi real estate giants Emaar Misr and City Stars. Prime Minister Mostafa Madbouly oversaw the signing ceremony…

President Abdel Fattah Al-Sisi held a high-level meeting on Sunday with Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawy to review the latest developments in Egypt’s energy and mining sectors, with a focus on boosting foreign investment and enhancing energy security. According to a presidential…

Egypt’s Minister of Local Development and Acting Minister of Environment, Manal Awad, announced the launch of the country’s annual coral reef monitoring programme in the Red Sea. The initiative is led by a scientific team from the Red Sea protectorates to assess the health of coral reefs and track the…

The Central Bank of Egypt (CBE) has reported a sharp rise in the net foreign assets of the country’s banking sector, which reached $18.482bn—equivalent to EGP 900.545bn—in July 2025, compared to $14.941bn (EGP 741.813bn) a month earlier. According to the CBE’s latest monthly report, total foreign assets of the banking…

Egyptian Minister of Communications and Information Technology, Amr Talaat, called for strengthening joint Arab action in cybersecurity through cooperation in training, information exchange, and coordinating responses to cyber incidents. Speaking at the ninth Arab Security Conference, Talaat also highlighted the importance of developing Arab research and innovation mechanisms to support…

Minister of State for Military Production Mohamed Salah El-Din Mostafa met with Italian Ambassador to Egypt Michele Quaroni to discuss ways to enhance bilateral cooperation across military and civilian manufacturing sectors. The meeting took place at the Ministry’s headquarters in the Government District of the New Administrative Capital. During the…

Minister of Electricity and Renewable Energy Mahmoud Esmat met with Adrian Guggisberg, CEO of the Power Sector at global technology company ABB, along with an accompanying delegation, to discuss strengthening cooperation in energy efficiency, renewable energy, and modernizing Egypt’s power infrastructure. The meeting comes as part of the Ministry’s comprehensive…

Prime Minister Mostafa Madbouly met on Sunday with He Fei, Managing Director of SunRev Solar, at the government headquarters in the New Administrative Capital to discuss plans for localizing the manufacturing of renewable energy components in Egypt. The meeting is part of a broader initiative by the Egyptian government to…

Egypt on Sunday signed a partnership agreement with developers Emaar Misr and Citystars for a new EGP 900bn ($18.8bn) tourism project on the Red Sea coast, the prime minister’s office said. The “Marassi Red Sea” project, to be built on the model of Emaar’s successful Marassi resort on the North…