Day: August 19, 2026

An international study led by The American University in Cairo (AUC) has found that electronic, industrial and plastic waste could serve as a valuable source of high-performance materials for next-generation sensors used in healthcare, environmental monitoring and food safety. The study, published in Nature Sensors, was led by Tamer Shoeib,…

Korra Energi secured new contracts worth EGP 5bn during the first half (H1) of 2026, up from EGP 1.1bn in the same period last year, as the company reported higher gross profit margins and an increase in adjusted net income. The company’s backlog reached approximately EGP 15.7bn by the end…

Egypt’s Financial Regulatory Authority (FRA) has issued the comprehensive regulatory framework for short selling, paving the way for the imminent activation of the mechanism on the Egyptian Exchange (EGX) for the first time. FRA Chairman Dr. Islam Azzam issued Resolution No. 155 of 2026 following extensive discussions with the exchange,…

Egyptian exporters signed 17 contracts worth an estimated $168m with Chinese importers during the “Export to China” event, as the government seeks to expand and diversify Egyptian exports to the Chinese market. The contracts cover exports of flax, textile yarn, leather, copper, aluminium, sugar cane and oranges, according to the…

Egyptian officials laid the foundation stone on Wednesday for a $658m industrial complex to produce phosphoric acid from phosphate ore at the Abu Tartour plateau in the New Valley Governorate. The facility aims to produce 250,000 tonnes annually of highly concentrated commercial phosphoric acid, a key fertiliser component, targeting export…

Egypt’s Minister of Tourism and Antiquities Sherif Fathy met with his Jordanian counterpart, Imad Al-Hajazin, and the accompanying delegation at the Grand Egyptian Museum during the Jordanian minister’s current visit to Egypt to discuss ways to strengthen cooperation and exchange expertise in tourism and antiquities. The meeting focused on proposals…

The planned Forbes International Tower in Egypt’s New Capital is targeting net-zero carbon emissions by 2030 and LEED Platinum green-building certification, according to the Ministry of Local Development and Environment. Local Development and Environment Minister Manal Awad discussed the project during a meeting with Forbes Global Group CEO Michael Gilbert…

Parkin Company PJSC, Dubai’s provider of paid public parking facilities and services, has signed a Memorandum of Understanding (MoU) with Modon Misr for Asset & Facility Management, Mwasalat Misr, and Redcon Properties to explore the development of smart parking and mobility solutions in Egypt. The agreement marks Parkin’s first entry…