Day: January 27, 2026

Egypt’s Ministry of Petroleum and Mineral Resources signed a memorandum of understanding with China’s Xingfa Group on Tuesday to evaluate phosphate, quartz, and silica sand ores for an industrial project in the Golden Triangle region. The agreement, witnessed by Minister of Petroleum and Mineral Resources Karim Badawi, involves the Egyptian…

Egypt’s Minister of Water Resources and Irrigation, Hany Sewilam, held a series of bilateral meetings with officials from Finland, Germany, and the Geneva Water Hub on the sidelines of a high-level preparatory meeting for the United Nations Water Conference in Senegal, the ministry said. During talks with Finnish Water Envoy…

Egypt has opened the EGP 3.5bn Cleopatra Hospital Tagamoa (Sky) in East Cairo as part of a strategic shift to leverage private sector expertise in state-owned medical facilities, Prime Minister Mostafa Madbouly said on Tuesday. The facility, which is owned by the Ministry of Petroleum and Mineral Resources but equipped…

Senior executives from Egypt’s leading real estate developers say the sector is entering a new phase—one defined by structural correction, stronger fundamentals, and growing global relevance—driven by economic stabilization, rising foreign investment, tourism expansion, and evolving urban development models. Ayman Amer, General Manager of SODIC, said Egypt is following a…

Egypt is seeking to attract major global automakers to localise the production of electric vehicles and components as part of a national strategy to meet domestic demand and expand exports, Prime Minister Mostafa Madbouly said on Tuesday. The Prime Minister stated that the government is prioritising the National Automotive Manufacturing…

Egypt’s real estate sector is undergoing a comprehensive transformation aimed at enhancing transparency, standardising practices, and attracting foreign investment, according to Ahmed Ibrahim, Vice Chairperson of the New Urban Communities Authority (NUCA) for Planning and Projects and Deputy Minister of Housing, Utilities and Urban Communities. During AmCham Egypt Annual Real…

The Central Bank of Egypt (CBE) has signed a memorandum of understanding to launch the country’s first specialised diploma in artificial intelligence (AI) for the banking sector, Governor Hassan Abdalla announced on Tuesday. The initiative, launched under the “Digital Academy” of the CBE’s FinTech Egypt, is a collaboration between the…

Egypt’s non-oil exports rose by 17% to $48.567bn in 2025, up from $41.507bn in 2024, while the trade deficit narrowed by 9% to $34.447bn, according to the latest foreign trade indicators reviewed by Minister of Investment and Foreign Trade Hassan El-Khatib. The figures were presented in a report by Essam…

Egypt’s National Centre for Planning Stateland Uses (NCPSLU) has approved the allocation of 6,050.68 acres for the establishment of New Matrouh City and the transfer of 46 land plots to the “Future of Egypt” for Sustainable Development project. The decisions, made during the council’s 85th session at its New Administrative…