News

Egytrans NOSCO and Nafith International have secured a 25-year usufruct concession from the General Authority of the Suez Canal Economic Zone (SCZONE) to develop and operate a smart truck management system at Sokhna Port, marking a significant step in Egypt’s drive to modernise its logistics infrastructure. The project will be…

Manal Awad, Egypt’s Minister of Local Development and Environment, held an expanded meeting with representatives of Qatar-based Al Mana Holding to explore cooperation on an integrated project to recycle used cooking oil into biodiesel. The initiative forms part of the government’s efforts to strengthen safe waste-management systems and maximise resource…

Soma Bay, Red Sea, Egypt – 2026 – Sheraton Soma Bay Resort proudly announces the completion of an extensive transformation, ushering in a new chapter for this iconic five-star destination on Egypt’s Red Sea coast. Reimagined in full alignment with Sheraton Hotels & Resorts brand standards, the transformation reinforces the…

Cairo, Egypt – February 2026 – Waldorf Astoria Cairo Heliopolis is pleased to announce the appointment of Joseph Yohanna as Director of Operations, effective February 2026. With over 22 years of progressive hospitality experience, Joseph brings an exceptional track record of commercial excellence, strategic leadership, and operational performance across luxury…

Gold prices retreated from a three-week peak on Tuesday, pressured by a surging US dollar despite lingering uncertainty over US trade tariffs and ongoing geopolitical tensions.   Market performance Spot gold dropped 1.5 percent to US$5,150.38 per ounce, while US gold futures for April delivery fell 1.1 percent to $5,170.70.…

The US Dollar Index (DXY) rose above the 97.8 level on Tuesday, rebounding after coming under pressure in the previous session as investors continue to assess the uncertainty surrounding US trade policy.   Legal and trade developments In the latest development, global logistics giant FedEx filed a lawsuit seeking a full refund…

Manal Awad, Minister of Local Development and Environment, affirmed that the state places significant emphasis on advancing development in Upper Egypt governorates to enhance citizens’ quality of life and stimulate economic growth. She noted that these efforts aim to create jobs, improve living standards, and upgrade public services. Her remarks…

Egypt’s Minister of Water Resources and Irrigation Hani Sewilam has reaffirmed Cairo’s commitment to strengthening cooperation with Nile Basin countries and sharing technical expertise during an official visit to South Sudan, which included a tour of Egypt’s irrigation mission in Juba and participation in Nile Day celebrations. Sewilam said the…

Egypt is following with “great interest and concern” the maritime border issue between Kuwait and Iraq, the Egyptian Ministry of Foreign Affairs said on Monday, as regional tensions rise over coordinates and maps deposited by Baghdad at the United Nations. The Egyptian ministry emphasised in a statement the importance of…

Egypt’s Prime Minister Mostafa Madbouly chaired a meeting on Monday to follow up on the latest developments in the implementation of the Ras El Hekma project on the North Coast, as the government continues to monitor progress on one of its flagship coastal developments. The meeting was attended by Minister…