News

Ibrahim Pasha Street in Cairo’s historic Korba district will become pedestrian-only, with cars barred from entering once redevelopment work is completed, as part of a project to restore building facades, upgrade utilities and preserve the area’s architectural character. Local Development and Environment Minister Manal Awad issued instructions to prevent vehicles…

CEO of the General Authority for Investment and Free Zones (GAFI) Mohamed Awad said Egypt seeks to translate its strategic partnership with Italy into tangible joint projects, investments, and commercial and industrial partnerships, further strengthening economic ties and advancing the mutual interests of both countries. Awad made the remarks while…

Cybersecurity expert Mostafa Rahim has issued a stern warning over rising AI-powered phishing scams targeting users of financial applications, particularly Egypt’s digital payment platform InstaPay, alongside major banking channels. Scammers are leveraging advanced artificial intelligence to craft convincing replicas of official bank websites and interfaces, Rahim explained during a televised…

Minister of Investment and Foreign Trade Mohamed Farid witnessed on Wednesday, September 2, 2026, the signing of a Memorandum of Understanding (MoU) between Mansour Group and China’s Tianneng Battery Group Co Ltd to explore cooperation and investment opportunities in battery manufacturing and energy storage solutions in Egypt. The MoU covers…

Raya Holding for Financial Investments has decided not to proceed with the proposed acquisition of Raya Foods by Helios Investment Partners after certain key conditions required to complete the transaction were not fulfilled. The company said its board of directors, at a meeting held on 2 September 2026, resolved to…

The Health Ministry plans to establish a dedicated migrant health unit to oversee access to healthcare and coordinate referrals for treatment under an agreement with the International Organization for Migration (IOM) aimed at expanding health services for migrants and host communities. The memorandum of understanding includes support for the early…

The Egyptian Tax Authority (ETA) has begun issuing temporary tax cards valid for eight months to help investors complete the establishment procedures for their projects, after which they can obtain five-year tax cards. The measure aims to simplify company establishment procedures, attract domestic and foreign investment and facilitate processes for…

Egypt’s Prime Minister Mostafa Madbouly has reviewed progress on a partnership between Ain Shams University, Ain Shams National University and the UK’s University of Exeter to establish the British university’s first international campus in Egypt. The meeting was attended by Abdel Aziz Konsowa, Minister of Higher Education and Scientific Research…