Month: May 2026

Mountain View has commenced handover procedures for its “MV 1.1” project in New Cairo, less than four years after launch. The milestone follows a field visit by senior management to assess construction progress and readiness. The tour was led by Chairperson Amr Soliman, joined by Co-CEOs Wael Lotfy and Wael…

The Suez Canal Authority (SCA) announced on Sunday that the world’s largest and newest liquefied natural gas (LNG)-powered container ship, the CMA CGM GRAND PALAIS, successfully completed its maiden transit through the waterway. The mega-ship, operated by the French shipping line CMA CGM, crossed as part of the southbound convoy.…

  Egypt’s Ministry of Petroleum and Mineral Resources announced on Saturday 2 May a new natural gas discovery in the Nile Delta, with production rates estimated at around 50 million cubic feet per day.  The discovery followed the successful drilling of the exploratory well, Nidoco N-2, in an offshore concession,…

Egypt’s Ministry of Health has launched new clinics under the presidential “Your Health is Happiness” initiative to expand mental health services and further integrate psychological care into the public healthcare system. Speaking at the launch event, held in partnership with Viatris Egypt, Health Minister Khaled Abdel Ghaffar said mental health…

Egypt’s Ministry of Petroleum and Mineral Resources has announced a new natural gas discovery in the Nile Delta, with an estimated production capacity of around 50 million cubic feet per day (mcf/d). The discovery follows the successful drilling of the Nidoco N-2 exploratory well within a concession area operated by…

The Central Bank of Egypt (CBE) said the government repaid $6.442bn in external debt service, covering both interest and principal, during the first quarter (Q1) of the 2025/2026 fiscal year, compared with $7.952bn in the same period of 2024/2025. In a recent report, the bank said the total includes $2.078bn…

Micro, Small and Medium Enterprise Development Agency (MSMEDA) is stepping up cooperation with universities to equip young people with the skills needed to launch their own businesses, as part of broader efforts to promote a culture of entrepreneurship and self-employment. Bassel Rahmy, MSMEDA’s Chief Executive, affirmed the agency’s ongoing coordination…