Day: June 14, 2026

Prime Minister Mostafa Madbouly witnessed the signing of a protocol agreement to finance projects aimed at strengthening and upgrading Egypt’s national electricity grid to accommodate growing renewable energy capacity, as the government accelerates its transition towards a greener and more sustainable energy mix. The agreement was signed by Minister of…

Egyptian President Abdel Fattah Al-Sisi reviewed progress on 105 projects aimed at strengthening the national electricity grid as part of the state’s efforts to improve power stability, enhance energy efficiency, and expand the use of renewable energy sources. According to a statement issued by the presidency, Al-Sisi met with Prime…

Egypt’s Minister of Supply and Internal Trade, Sherif Farouk, chaired the General Assembly meeting of the Egyptian Holding Company for Silos and Storage to discuss and approve the company’s estimated budget for fiscal year (FY) 2026/27, as part of ongoing efforts to strengthen the country’s food security system and enhance…

Egypt and Libya have discussed expanding cooperation in the healthcare sector, with a particular focus on pharmaceutical supply, medical industry localisation, training programmes, and healthcare infrastructure, during a meeting between senior officials from both countries. Chairperson of Egypt’s Unified Procurement Authority (UPA), Hisham Stait, received Libyan Minister of Health Mohamed…

Egypt’s petroleum sector has increased production in the Western Desert by approximately 12,000 barrels per day (bpd) of crude oil and condensates over the past two weeks, driven by output growth from Khalda Petroleum and the General Petroleum Company. The Ministry of Petroleum and Mineral Resources attributed the production additions…

Al Ahly Pharos Investment Banking, one of Egypt’s leading investment banking firms, has announced its role as financial advisor to MNT-Halan, the region’s largest fintech ecosystem, on its latest and highly successful fundraising round. The landmark transaction has raised MNT-Halan’s valuation to $1.4bn, reinforcing its position as a leading player…

Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), said the draft amendments to the Value Added Tax (VAT) Law, currently under discussion in the House of Representatives, include a number of tax incentives and measures aimed at supporting the healthcare sector in both its service and manufacturing capacities,…