Month: May 2026

Prime Minister Mostafa Madbouly met with Ahmed El Sewedy, President and CEO of Elsewedy Electric, to review the company’s business strategy, expansion plans, and investment projects across multiple sectors. Senior company officials also attended the meeting. Madbouly reaffirmed the government’s commitment to supporting Egypt’s industrial sector as a cornerstone of…

Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed the signing of a contract between the Egyptian Mineral Resources and Mining Industries Authority (MRMIA) and Xcalibur to implement a nationwide airborne geophysical survey of mineral resources. The project will be carried out in cooperation with the Nuclear Materials Authority and…

Egyptian Health Minister Khaled Abdel Ghaffar said Egypt’s Hajj medical mission in Saudi Arabia has raised its state of readiness to monitor pilgrims’ health conditions, particularly during rituals in Mina and Arafat.   In a statement, the Health Ministry said Abdel Ghaffar held a video conference meeting with senior members…

Wealth Plus Developments has launched VERS Commercial Arena, a mixed-use project in New Cairo with total investments estimated at EGP 4bn. The development brings together commercial, administrative, and medical units, designed to serve as a multi-purpose destination in a strategic location. The project is being developed in partnership with Makyn…

Cairo, Egypt – May 21 – 2026 – Nespresso celebrates 40 years of redefining the coffee experience, marking four decades of innovation, craftsmanship, and an unwavering commitment to quality. Since its pioneering launch in 1986, the brand has transformed coffee from a daily habit into a refined ritual, elevating every…

Salah Gombalat, Minister of State for Military Production, held a meeting with chairpersons of affiliated companies and units to review progress on ongoing projects, assess implementation rates, and monitor development plans across entities under the ministry’s umbrella. During the meeting, Gombalat stressed the importance of strengthening cooperation with the private…

Egypt’s Financial Regulatory Authority (FRA), chaired by Islam Azzam, has approved licences and authorisations for eight companies to operate across a range of non-banking financial activities. The approvals aim to support the expansion of healthcare management programmes, investment funds, and consumer finance services, while strengthening the investment environment and broadening…

Egypt recorded a 15.6% increase in inbound tourist arrivals during the first quarter (Q1) of 2026 compared to the same period last year, according to Minister of Tourism and Antiquities Sherif Fathy. The announcement followed Fathy’s visit to New York, where he met with leading US travel and tourism media…

Egypt played a leading role at the 79th World Health Assembly in Geneva, where six international health resolutions spearheaded by the country were adopted, underscoring its growing influence in shaping global health policy.   Health Minister Khaled Abdel Ghaffar said the resolutions addressed key areas including personalised medicine, metabolic dysfunction-associated…

The Central Bank of Egypt (CBE) expects annual headline inflation to accelerate through the third quarter (Q3) of 2026, driven partly by unfavourable base effects, supply-side pressures linked to ongoing regional conflict, exchange-rate movements and fiscal adjustment measures. Earlier on Thursday, the Monetary Policy Committee (MPC) decided at its third…