Year: 2026

The International Energy Agency (IEA) has agreed to release 400 million barrels of emergency oil reserves in its largest collective drawdown on record, as governments move to contain a surge in energy prices fuelled by war in the Middle East. IEA Executive Director Fatih Birol stated on Wednesday that the…

Egypt is seeking to increase oil and natural gas production by expanding the use of horizontal drilling and hydraulic fracturing technologies, the presidency said after a meeting chaired by President Abdel Fattah Al-Sisi. Al-Sisi discussed the plans with Prime Minister Mostafa Madbouly and Petroleum Minister Karim Badawi, according to presidential…

Founder and CEO of MNT-Halan, Mounir Nakhla, said the company is operating under exceptional geopolitical conditions, noting that these developments coincide with its ongoing expansion and investments across four key markets: Egypt, Turkey, Pakistan, and the United Arab Emirates. Nakhla said the group’s companies continue to deliver strong operational and…

Egypt is preparing to extend its universal health insurance system to the governorate of Minya as part of the programme’s second phase, a move expected to bring coverage to more than six million residents, the health ministry said. Health Minister Khaled Abdel Ghaffar chaired a meeting of the system’s coordination…

Egypt is set to introduce a range of incentives and practical solutions to address the concerns of citizens living abroad, including reforms to customs procedures and university admission policies, following a high-level inter-ministerial meeting on Wednesday. Foreign Minister Badr Abdelatty hosted the coordination meeting, which included Minister of Education Mohamed…

Cairo – March 9, 2026 vivo Egypt has announced the appointment of Raghda Amer as Head of Public Relations and Communications, reinforcing the company’s commitment to strengthening its corporate communications, media engagement, and government affairs. In her new role, Amer will lead vivo Egypt’s communications and media relations strategies, while…

The US dollar continued its rise against the Egyptian pound during Monday’s trading, recording a significant increase in several banks operating in the local market – reaching the LE 53 mark for the first time in its history. The price of the Emirati dirham also rose against the pound by…

Egypt’s Ministry of Petroleum and Mineral Resources on Monday officially announced an adjustment to the prices of several petroleum products and natural gas for vehicles – effective Tuesday, March 10, at three AM.   Price adjustments: 95-octane: from LE 21 to LE 24 per liter 92-octane: from LE 19.25 to…

Egypt has appointed Islam Azzam as the acting chairperson of the Financial Regulatory Authority (FRA) under Presidential Decree No. 116 of 2026, the regulator announced on Monday. Azzam becomes the sixth person to lead the authority since its establishment under Law No. 10 of 2009, which governs the regulation of…