Category: News

Salah Gombalat, Minister of State for Military Production, is travelling today to Bosnia and Herzegovina to participate in the First Balkan Shield – Defence Industry Expo and Summit 2026, scheduled to take place in Sarajevo from 1-4 September 2026. The visit follows the directives of President Abdel Fattah Al-Sisi to…

Mohamed Farid, Minister of Investment and Foreign Trade, met Qais bin Mohammed Al Yousef, Chairman of Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ), to discuss strengthening investment and trade cooperation and opportunities for integration between economic, special and free zones in the two countries. The meeting…

BP has started production from the Fayoum 4 well in Egypt’s West Nile Delta, adding new natural gas volumes to the domestic market as the company continues to invest in the region. The well is expected to produce around 80 million standard cubic feet of gas per day (mmscf/d). The…

Chinese company Jieya Egypt is investing $67 million to establish an integrated manufacturing complex for disposable hygiene products in the Sokhna Integrated Zone, part of the Suez Canal Economic Zone (SCZONE). The project will cover 160,000 square metres and is expected to generate around 450 direct jobs, according to an…

Arab African International Bank (AAIB) recorded its highest first-half net profit in five years, reaching $202.8m for the first half of 2026, representing a 27% increase compared with the same period in 2025. The bank stated that it continued to deliver a strong performance during the first half of the…

Minister of Industry Khaled Hashem said Egypt has established itself as a major global producer and exporter of fertilizers, supported by a strong industrial base, reliable energy supplies, and abundant natural resources, particularly phosphate, that are essential to fertilizer production. Hashem said the fertilizer industry has benefited from significant government…

Egypt is developing a 2,250km high-speed electric rail network, upgrading its 10,000km conventional railway system and targeting a combined capacity of around 4 million daily passengers on railways and high-speed trains by 2030, Transport Minister Kamel Al-Wazir said. Speaking during an inspection tour of the first line of the high-speed…

The Financial Regulatory Authority (FRA) held a workshop in cooperation with the European Union and the United Nations Development Programme (UNDP) in Egypt to discuss a draft roadmap for implementing the sustainability disclosure standards issued by the IFRS Foundation. The workshop was held as part of the Sustainability Disclosure and…