Day: November 2, 2026

Egypt is accelerating construction of a 341-kilometre railway line linking Bir al-Abd, Arish and Ras El-Naqab, near Taba Airport, as part of a broader project to extend the national railway network across Sinai and support economic development in the peninsula. Transport Minister Kamel Al-Wazir inspected construction sites along the route,…

Shares of Banque du Caire (BDC) began trading on the Egyptian Exchange (EGX) main market on Monday following a record EGP 36.37bn initial public offering (IPO), the largest in the history of the country’s capital market. The offering comprised 6,862,500,000 shares, representing 45% of the bank’s total 15,250,000,000 shares. The…

Egypt is increasing its strategic commodity stockpiles and drafting a comprehensive plan to rationalise government spending to mitigate the potential economic impact of escalating regional geopolitical tensions. Prime Minister Mostafa Madbouly outlined the measures during a meeting of the Central Crisis Management Committee in the New Administrative Capital on Monday…

Egypt’s Housing Minister Randa El-Menshawy met with Austrian Ambassador to Cairo Georg Pöstinger and representatives of Austrian companies to discuss opportunities to expand cooperation in drinking water and wastewater infrastructure. The meeting brought together executives and representatives of Austrian companies, along with their agents and partners in Egypt. It was…

Egypt’s Minister of Education and Technical Education Mohamed Abdel Latif and a high-level Japanese delegation inspected the Egyptian-Japanese School in Obour City on Monday to monitor the integration of Japanese language instruction and interactive educational activities. The visit comes as Japanese is being officially introduced as a second language for…

Egypt’s Deputy Prime Minister for Economic Affairs, Hussein Issa, highlighted the country’s promising energy investment opportunities and its ongoing efforts to cement its position as a regional energy hub during the opening of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2026) on Monday. Speaking on the sidelines of…

Egypt’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA) plans to establish an “Innovation Support Unit” and an integrated database as part of a strategic shift to help small businesses comply with mandatory green transition and sustainability requirements, the agency’s chief executive said. Speaking at the “Egypt Sustainable Business Week”,…

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, announced on Monday that it had invested $100m in the initial public offering (IPO) of Egypt’s Banque du Caire, securing an approximately 7% equity stake. The investment aims to strengthen the bank’s capacity to expand financing…

Egypt’s Civil Aviation Ministry has held talks with Airbus Helicopters to explore opportunities to expand the company’s activities in the local market and broaden the use of helicopters across several sectors. Civil Aviation Minister Sameh El-Hefny met with Maxime Nicolas, Airbus Helicopters’ Area Account Manager in Egypt; Mohamed Abou Ghali,…