Day: March 30, 2026

President Abdel Fattah Al-Sisi inaugurated Egypt Energy Show (EGYPES 2026) on Monday, reaffirming Egypt’s commitment to advancing energy transformation through strategic partnerships and practical implementation. Held under the theme “Effective Plan for Cooperation in Field of Energy Efficiency,” the event brought together Nikos Christodoulides, alongside ministers, heads of international organisations,…

Orascom Development Egypt has launched its latest residential project, “Nuba”, in El Gouna, featuring 97 units and targeting total sales of EGP 3bn. The company aims to complete and deliver the project within two years, underscoring its focus on accelerated construction timelines and efficient execution. Speaking during a roundtable discussion,…

Egypt’s Minister of Local Development and Environment Manal Awad held talks with L’Oréal Egypt to strengthen cooperation on sustainability and support the implementation of extended producer responsibility, as part of the country’s transition towards a circular economy, according to a ministry statement. The meeting reviewed the company’s roadmap for reducing…

Damietta Port has launched a new transit service for refrigerated and dry cargo arriving from Europe via a Ro-Ro shipping line connecting the port with Port of Trieste. The move marks a strategic step in Egypt’s efforts to position itself as a regional hub for transport, logistics, and transit trade.…

South Korea is weighing an extension of driving restrictions to the general public if crude oil prices surpass $120 per barrel, Finance Minister Choo Kyung-ho said on Sunday, a measure that would mark the country’s most severe civilian fuel-rationing step since the 1991 Gulf War as the conflict in Iran…

Economic relations between Egypt and Germany are gaining renewed momentum, supported by rising trade volumes, expanding German investments, and deepening cooperation in strategic sectors such as energy, infrastructure, and manufacturing. In an interview with Daily News Egypt, German Ambassador to Egypt Jürgen Schulz discusses the current state of bilateral relations,…

The exchange rate of the US dollar against the Egyptian pound saw a notable increase during Sunday’s trading, coinciding with the resumption of banking operations following the weekend. It exceeded LE53.60 amidst active trading within the official exchange market. Bank trading screens showed an upward movement for the US currency…