Day: March 24, 2026

Egypt’s Cabinet has highlighted the growing role of free zones in reshaping the country’s investment and trade landscape, supported by strong performance indicators and rising investor interest. Free zones remain a central pillar of Egypt’s investment ecosystem, offering a flexible and business-friendly environment that supports industrial and commercial activity. They…

Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, met with Andrey Petrov, First Deputy Director General of Russia’s state nuclear energy corporation Rosatom and head of Atomstroyexport, the contractor implementing the Dabaa nuclear power plant, to review progress on the project. The meeting, held at the ministry’s headquarters in…

Egypt’s Minister of Industry, Khaled Hashem, underscored the strategic importance of the engineering industries sector, describing it as a cornerstone of the country’s industrial base. His remarks came during a meeting with the Board of Directors of the Chamber of Engineering Industries at the Federation of Egyptian Industries (FEI), chaired…

U.S.-based Apache Corporation, in partnership with the Egyptian General Petroleum Corporation (EGPC), has announced a new natural gas discovery in Egypt’s Western Desert, the Ministry of Petroleum and Mineral Resources said. The discovery was made following the drilling of the SKAL-1X exploratory well in the South Kalabsha area. Initial test…

The general assembly of Housing and Development Bank (HDB) has renewed the mandate of Hassan Ghanem as chief executive officer and managing director for a new term spanning 2026 to 2029. The decision follows a period of notable improvement in the bank’s financial and operational performance, supported by a strategic…

Egypt’s Ministry of Water Resources and Irrigation said flood protection infrastructure in South Sinai captured around 2 million cubic metres of rainwater following rainfall on 22 March. The ministry said the collected water was stored across a network of dams and reservoirs, including facilities in Saint Catherine, and will be…

Egyptian President Abdel Fattah Al-Sisi reviewed the government’s fiscal policy priorities for the 2026/2027 budget during a meeting on Tuesday with Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk, according to a presidency statement. The draft budget targets economic growth of 5.4% and a primary surplus of EGP 1.2trn,…

Egyptian authorities have raised preparedness to maximum levels across key sectors following warnings of severe weather expected to hit the country on 25-26 March, bringing heavy thunderstorms, strong winds and lower temperatures. The Egyptian Meteorological Authority warned of widespread instability nationwide, with heavy and at times thunderous rainfall that could…

An end to the Iran war will bring immediate relief to oil and natural gas markets, but it could take months before prices fall back to the levels they stood at before the conflict started. For a start, shipping companies and their insurers will need to feel confident that it…

  Apache Corporation, in cooperation with the Egyptian General Petroleum Corporation (EGPC), has announced a new natural gas discovery in Egypt’s Western Desert following the drilling of the exploratory well named SKAL-1X in the South Kalabsha area, 50 kilometers south of Aswan.  The Ministry of Petroleum said in a statement…