Day: October 20, 2026

Egypt’s engineering exports rose 4.1% year on year to $4.351bn in the first eight months of 2026, up from $4.181bn in the same period last year, according to the Engineering Export Council of Egypt (EECE). The council announced the figures during the third edition of its annual conference, “The Future…

ZenHR, a Riyadh-headquartered, AI-powered human resources and payroll platform, has opened its sixth regional office in Cairo as part of plans to strengthen its presence in Egypt and support the digital transformation of institutions, companies and factories across the local market. CEO Yousef Shamoun said the Cairo office marks a…

The Financial Regulatory Authority (FRA), chaired by Islam Azzam, has issued its annual report on the performance of private insurance funds in 2025, highlighting the sector’s key financial and operational indicators and developments in contributions, assets, investments and insurance benefits paid to members. The report highlighted the role private insurance…

Ahmed Rostom, Minister of Planning and Economic Development and Chairperson of the National Investment Bank (NIB), chaired a meeting of the bank’s Assets Committee to review assets transferred to the bank and discuss proposed partnership mechanisms to maximise their utilisation and strengthen its financial position. The meeting was attended by…

Egypt has reached an EGP 11trn agreement with the Talaat Moustafa Group to develop four major multi-use projects, announced as President Abdel Fattah Al-Sisi directed the construction of hundreds of thousands of new rental units during the second day of the Egypt Forum 2026 on Tuesday.   The mega-agreement, announced…

Egypt has successfully settled $6.1 bn in outstanding arrears owed to foreign oil and gas partners, Petroleum and Mineral Resources Minister Karim Badawi announced during the opening of the Mediterranean Offshore Conference (MOC 2026) in Alexandria, marking a move to restore investor trust and accelerate regional energy production.   Badawi…

Egyptian Prime Minister Mostafa Madbouly forcefully defended the government’s massive expenditure on national projects, particularly in construction, transport, and the establishment of new cities, stating that the nation’s urbanised area has doubled to 14% to accommodate rapid population growth.   Speaking at the opening of the second day of the…

Egypt’s Ministry of Water Resources and Irrigation is evaluating a digital twin pilot on the Ismailia Canal ahead of a possible expansion to other canals nationwide, as part of efforts to improve water distribution management through real-time data and digital modelling. Water Resources and Irrigation Minister Hani Sewilam reviewed the…

Talaat Moustafa Group (TMG) Chief Executive Officer and Managing Director Hisham Talaat Moustafa announced an agreement with the Egyptian state to develop four major multi-use projects with a total targeted investment of approximately EGP 11trn.   Speaking during the second day of the “Egypt Forum 2026” in the New Administrative…