Year: 2026

A fire broke out on a regasification ship and a storage vessel at Egypt’s Damietta port, with no injuries or human casualties reported, the Ministry of Petroleum and Mineral Resources said. Following the report of the incident, Minister of Petroleum and Mineral Resources Karim Badawi travelled to the site to…

Cairo, Egypt – July 2026: The United Nations Global Compact Network Egypt (UNGCNE) welcomed Ms. Sanda Ojiambo, Assistant Secretary-General and CEO of the United Nations Global Compact (UNGC), on an official visit to Egypt, reaffirming the UNGC’s commitment to supporting Egypt’s sustainable development agenda and strengthening the role of the…

The International Monetary Fund (IMF) has added Egypt to the agenda of its Executive Board meeting scheduled for Thursday to consider approving the seventh review under the Extended Fund Facility (EFF) program. The meeting is expected to include discussions on requests for exemptions from and adjustments to certain performance criteria,…

The General Authority for Investment and Free Zones (GAFI) is in the final stages of launching its new Investor Complaints Platform, a unified digital system designed to streamline the submission, tracking, and resolution of investor complaints while improving transparency and service efficiency. Mohamed Awad, Chief Executive Officer of GAFI, reviewed…

The Egyptian Tax Authority (ETA) will launch a “White List” of the country’s most tax-compliant taxpayers, offering a range of incentives and priority services as part of the second package of tax facilitation measures aimed at encouraging voluntary tax compliance, ETA Head Rasha Abdel Aal announced. Abdel Aal said the…

Egypt implemented approximately EGP 215.5bn in green public investments during the 2024/25 fiscal year, with transport projects accounting for the largest share, according to a report reviewed by Minister of Planning and Economic Development Ahmed Rostom. The report highlights the government’s progress in integrating environmental sustainability into national development plans,…

Spain-based outsourcing company Konecta has opened its regional headquarters and first global centre of excellence for generative artificial intelligence in New Cairo as part of a $100m investment plan in Egypt, according to the Ministry of Communications and Information Technology. Inaugurated by Minister of Communications and Information Technology Raafat Hindi,…

The Chemicals and Fertilizers Export Council (CEC) has launched a new EU Export Incubator programme to help Egyptian companies comply with European Union regulations, as part of a broader strategy to accelerate the sector’s green transition and enhance the competitiveness of Egyptian exports. The initiative was unveiled during a workshop…

Siemens has inaugurated a new Electrification and Automation factory in Egypt, marking a strategic investment to localize the production of critical energy technologies, strengthen the country’s industrial base, and support its growing renewable energy and infrastructure sectors. The inauguration ceremony was attended by Minister of Electricity and Renewable Energy Mahmoud…