Category: News

Planning and Economic Development Minister Ahmed Rostom and Petroleum and Mineral Resources Minister Karim Badawi held a meeting to review performance indicators for the petroleum sector and the latest developments in efforts to increase production and investment, as well as several issues related to improving services provided to citizens. During…

The Urban Development Fund (UDF) has recorded sales worth EGP 6bn since the beginning of 2026 and is targeting an additional EGP 3bn in sales by the end of the year, UDF Chairperson Khaled Seddik said. Speaking to Daily News Egypt on the sidelines of a conference, Seddik said the…

CUBE Consultants has launched CUBE AI-Lab, a specialised studio focused on architectural and engineering design that integrates human expertise and creativity with artificial intelligence (AI) technologies. The new lab aims to develop a faster, more integrated and technology-driven design process by applying AI tools across different stages of architectural and…

The Minister of Industry Khaled Hashem said that the textile and spinning sector is a key target of Egypt’s industrial strategy, given its strong potential to integrate into global supply chains, deepen local manufacturing and boost exports. During a tour of the 6th of October City’s industrial zone, Hashem inspected…

The Industrial Modernisation Center (IMC) has signed a cooperation protocol with Corporate Stack Solutions, a company specialising in digital consulting and applications, to support the digital transformation of Egyptian industrial companies, particularly small and medium-sized enterprises (SMEs). The agreement was signed by Ayman Elbayaa, Executive Director of the IMC, and…

Approximately 200,000 specialists are currently working in exporting digital services from Egypt to global markets, Minister of Communications and Information Technology Raafat Hindi said during the opening of the ninth DevOpsDays Cairo 2026 conference.   Addressing the event’s theme, “Sustainable DevOps Methodologies in the Era of Agentic AI,” Hindi stated…

Pandemic preparedness should go beyond preparing to respond when an emergency occurs and instead begin with building resilient health systems capable of maintaining essential services during crises, Egyptian Health Minister Khaled Abdel Ghaffar said. Abdel Ghaffar made the remarks in a recorded opening address to a high-level international dialogue titled…

Banks operating in the Egyptian market recorded net profits of EGP 373.133bn in the first half (H1) of 2026, according to the Central Bank of Egypt (CBE). In a recently issued report, the CBE said banks recorded net interest income of EGP 567.872bn, while net operating income reached around EGP…

Egypt is targeting an economic growth rate of between 5.2% and 5.4% during the upcoming fiscal year, relying on private sector empowerment, an improved investment environment, and the economy’s capacity to create jobs, the minister of planning and economic development said.   Minister Ahmed Rostom announced the targets during a…