Day: June 3, 2026

Egypt has disbursed EGP 42bn in early June pension payments to 10.2 million beneficiaries ahead of the Eid al-Adha holiday, following the official nationwide launch of its comprehensive digital social insurance system. Major General Gamal Awad, Chairman of the National Authority for Social Insurance, announced the figures during an evening…

Egypt’s mergers and acquisitions (M&A) market continues to demonstrate resilience and long-term investor confidence despite ongoing geopolitical uncertainty in the region, according to the Middle East M&A Market Analysis Q1 2026 released by Ansarada, an AI-powered virtual data room platform trained on more than 60,000 transactions. The report revealed that…

The Economic Concentration Review Committee at the Egyptian Competition Authority (ECA) has approved eight acquisition and investment transactions across a range of sectors, underscoring continued merger and acquisition activity involving international corporations and investment firms. Among the approved transactions is the acquisition by Kimberly-Clark Corporation of 100% of the shares…

Egypt has received fresh international recognition for the rapid development of its civil aviation sector and its growing ability to host major global aviation events, following the successful organization of the 38th IATA Ground Handling Conference (IGHC 2026) in Cairo from 19 to 21 May. Organized by the International Air…

Prime Minister Mostafa Madbouly chaired a meeting Wednesday at the Government Headquarters in the New Administrative Capital to review ongoing efforts to maximize the utilization of companies and factories affiliated with the Ministry of Military Production. The meeting was attended by Minister of Electricity and Renewable Energy Mahmoud Esmat, Minister…

Egypt and Mauritania have explored opportunities to deepen bilateral cooperation in healthcare, with discussions focusing on medical training, pharmaceutical collaboration, preventive healthcare and medical tourism during a meeting between Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, and Mauritania’s Ambassador to Egypt, El Houssein Ould Sidi Abdallah. According to…

Egypt’s trade deficit widened by 48.8% year-on-year to $4.6bn in March 2026, compared with $3.1bn in the same month of 2025, according to the latest Monthly Foreign Trade Data bulletin issued by Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS). The increase came as exports declined while imports recorded…

Ahmed Rostom, Egypt’s Minister of Planning and Economic Development, met with Andreas Schaal, Director for Global Relations and Cooperation at the Organisation for Economic Co-operation and Development (OECD), to discuss strengthening bilateral cooperation and launching the second phase of the Egypt-OECD country programme. The meeting took place on the sidelines…

Egypt’s Minister of Industry, Khaled Hashem, met with Ireland’s Ambassador to Egypt, Aidan O’Hara, to discuss expanding industrial cooperation and strengthening trade and investment ties between the two countries. The meeting, attended by Ahmed Maghawry, Assistant Minister for International Cooperation, and senior ministry officials, focused on priority sectors for collaboration,…