Day: February 8, 2026

Saudi Arabia’s ports authority is seeking to partner with the Suez Canal Authority (SCA) for the development of Jeddah port and other infrastructure projects, the head of the Saudi body said on Sunday. Sulaiman bin Khalid Al-Mazroua, President of the Saudi Ports Authority (MAWANI), expressed his desire to collaborate with…

Egypt’s Deputy Prime Minister and Minister of Health, Khaled Abdel Ghaffar, underscored the importance of investing in youth, health and education as pillars of Egypt’s future during a youth diplomacy forum held in Cairo. Speaking at the fourth edition of the Youth Diplomacy Programme at the Olympic Centre in Maadi,…

Sixth of October Development and Investment Company (SODIC) delivered a strong set of consolidated financial results for 2025, posting sharp growth in revenues, profitability, and operational performance. The results were driven by robust demand across the company’s portfolio and the successful launch of its flagship East Cairo development, Eastvale. SODIC…

Egypt has agreed to import large quantities of frozen poultry and poultry parts from several countries to increase market supply and lower prices ahead of Ramadan, the ministries of Supply and Agriculture and the Mostaqbal Misr Agency for Sustainable Development said on Sunday. The agreement, reached during a meeting between…

Egypt is preparing to launch a new digital system for the National Social Insurance Authority that will provide a total of 95 electronic services to citizens within six months of its rollout, Gamal Awad, head of the authority, said on Sunday. The first phase of the system’s implementation will feature…

Egyptian asset manager engazaat plans to invest more than $100m over the next two years to support its regional expansion in climate infrastructure, the company announced on Sunday. The investment is part of a total project pipeline valued at $250m. The firm, which specialises in water-energy-food (WEF) systems, is introducing…

Gold prices in Egypt’s local market declined by EGP 150, or 2.2%, over the past week, even as global gold prices posted gains, reflecting a correction driven by a narrowing pricing gap between local and international markets. According to a report issued by online gold and jewellery trading platform iSagha,…

Egypt’s Financial Regulatory Authority (FRA) has launched a digital factoring system on its electronic portal in partnership with e-finance to prevent double financing risks and streamline oversight of the sector, the regulator said on Sunday. The first phase of the system allows factoring companies to conduct electronic inquiries into invoices…