Year: 2026

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,…

Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the agency injected EGP 2.2bn in financing into Menoufeya between July 2014 and April 2026. The funding supported medium, small and micro enterprises, as well as infrastructure, community development and training projects. The financing helped…

Egypt is set to add 1,000 megawatts (MW) of renewable energy capacity and 600 megawatt-hours (MWh) of battery storage to the national electricity grid in the coming months, as part of its ongoing transition toward clean energy and efforts to reduce reliance on fossil fuels. The announcement was made during…