Day: August 12, 2026

Petroleum and Mineral Resources Minister Karim Badawi has announced the launch of the 2026 international bid round for crude oil and natural gas exploration, offering 14 new exploration areas to international and Egyptian companies in a move aimed at attracting more investment, boosting domestic production and supporting the targets of…

Egypt is targeting renewable energy to account for 45% of its total electricity generation by 2028 as it accelerates investments in clean energy, battery storage systems and local manufacturing. President Abdel Fattah Al-Sisi reviewed progress on the national strategy to expand new and renewable energy projects during a meeting in…

RAYA CX, a subsidiary of Raya Holding for Financial Investments, reported consolidated revenues of EGP 1.7bn in the first half (H1) of 2026, marking a 29.3% year-on-year increase from EGP 1.3bn in the corresponding period of 2025. The company’s momentum continued into the second quarter (Q2), with revenues rising 24.2%…

Petroleum and Mineral Resources Minister Karim Badawi said the regular settlement of partners’ dues, together with the incentives and corrective measures introduced by the government, has helped rebuild investor confidence and paved the way for increased drilling, exploration and field development, supporting efforts to boost domestic production and reduce the…

Egypt’s Ministry of Health and Population and Huawei have discussed expanding cooperation on the digital transformation of the country’s healthcare system, including the use of artificial intelligence, cloud infrastructure and integrated health data platforms. Health and Population Minister Khaled Abdel Ghaffar met Huawei representatives to review potential areas of cooperation…

Egypt’s Ministry of Water Resources and Irrigation is preparing to begin trial operation of a digital twin for the Ismailia Canal and its branches as part of a broader drive to use digital technology to improve water management. Water Resources and Irrigation Minister Hani Sewilam reviewed progress on the project…

Talaat Moustafa Group Holding (TMG) recorded a 23% year-on-year increase in net profit for the first half of 2026 to EGP 9.9bn, as consolidated revenues rose 24% to EGP 30.2bn, the Egyptian developer said in a statement on Wednesday. Talaat Moustafa Group stated that its results were supported by strong…