Category: News

Egypt’s Ministry of Local Development and Environment said on Saturday that the board of the Waste Management Regulatory Authority approved its draft budget for the 2026/2027 fiscal year and reviewed proposals to strengthen oversight of waste management activities. The meeting, chaired by Minister of Local Development and Environment Manal Awad,…

Karim Badawi, Minister of Petroleum and Mineral Resources, inspected the Valaris DS-12 drilling rig, recently arrived in Egypt to launch a programme drilling five new natural gas wells in the Mediterranean Sea for BP and Arcius Energy, the joint investment venture between BP and Abu Dhabi’s ADNOC. Badawi said intensifying…

Prime Minister Mostafa Madbouly held a high-level meeting at Obour Wholesale Market on Saturday to review food supply conditions, market operations, and ongoing government efforts to stabilise prices. During the meeting, Madbouly stressed that developing and organising wholesale markets is central to regulating commodity flows, ensuring efficient supply chains, and…

The Common Market for Eastern and Southern Africa has unveiled its COMESA Investment Map, an interactive digital platform presenting 180 nationally endorsed investment opportunities across seven priority sectors: agriculture, food industries, infrastructure, energy, supply chains, the digital economy, and technological transformation. The initiative was announced at the COMESA Investment Forum…

Egypt has launched the second phase of the development of the Ataba area in Cairo, as part of a wider government strategy to modernise urban markets and upgrade infrastructure in key commercial districts. Minister of Local Development and Environment Manal Awad announced that the new phase is fully funded under…

Egypt has mandated nationwide shop closures from 9:00 pm and introduced partial remote work to mitigate the economic impact of the war in Iran and a doubling of its monthly energy bill. Prime Minister Mostafa Madbouly told a press conference on Saturday that the conflict, which began one month ago,…

The International Monetary Fund (IMF), in its fifth and sixth reviews of the Egyptian economy, projected that tourism revenues would reach approximately $28.2 billion in fiscal year 2029-2030, around $26 billion in fiscal year 2028-2029, and $28.7 billion in fiscal year 2030-2031. The IMF also projected revenues of $23.6 billion…

Cairo, 26th March 2026 – Egypt Education Platform (EEP) and IE University have formalized a groundbreaking strategic partnership to expand international learning pathways and foster industry-aligned education. The partnership paves the way for annual student participation in IE’s summer and immersion programs, research collaborations, and executive training tailored for EEP…

Egypt’s Ministry of Transport has announced an increase in railway ticket prices alongside adjustments to some Cairo Metro fares, as part of ongoing efforts to restructure public transport pricing. According to a ministry statement, ticket prices for long-distance trains have risen by 12.5%, while short-distance routes have seen a steeper…

As military tensions continue to reshape the Middle East, Egypt is moving to solidify its financial defenses through deeper strategic cooperation with Beijing. In a high-level diplomatic call on Thursday, Egyptian Foreign Minister Badr Abdelatty and his Chinese counterpart, Wang Yi, discussed an urgent expansion of economic ties to mitigate the global fallout of the…