News

Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, convened a meeting with the ministry’s crisis management committee to review operational plans aimed at safeguarding the unified power grid and ensuring the stability and continuity of electricity supply. The meeting took place against the backdrop of ongoing regional military escalation…

Contact Financial Holding reported consolidated operating income of EGP 2.8bn for the fiscal year ending 31 December 2025, marking a 12% year-on-year increase, driven by solid performance across its core business segments. The group recorded consolidated net income of EGP 345m, supported by growth in its financing division and a…

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) reported a 2% month-on-month decline in the manufacturing and extractive industries production index for January 2026, according to preliminary data. CAPMAS said it has been applying an updated methodology for the index since January 2020, based on the 2012/2013 base year…

Cairo, 25 March 2026 – Madinet Masr (EGX code: MASR.CA), has launched a series of community initiatives during the holy month of Ramadan, building on the continued success of its development strategy, “Cultivating Communities”. In parallel with this community-driven momentum, the company was awarded the Excellence Award for Best Practices in…

Egypt’s Cabinet has highlighted the growing role of free zones in reshaping the country’s investment and trade landscape, supported by strong performance indicators and rising investor interest. Free zones remain a central pillar of Egypt’s investment ecosystem, offering a flexible and business-friendly environment that supports industrial and commercial activity. They…

Egypt’s Minister of Electricity and Renewable Energy, Mahmoud Esmat, met with Andrey Petrov, First Deputy Director General of Russia’s state nuclear energy corporation Rosatom and head of Atomstroyexport, the contractor implementing the Dabaa nuclear power plant, to review progress on the project. The meeting, held at the ministry’s headquarters in…

Egypt’s Minister of Industry, Khaled Hashem, underscored the strategic importance of the engineering industries sector, describing it as a cornerstone of the country’s industrial base. His remarks came during a meeting with the Board of Directors of the Chamber of Engineering Industries at the Federation of Egyptian Industries (FEI), chaired…

U.S.-based Apache Corporation, in partnership with the Egyptian General Petroleum Corporation (EGPC), has announced a new natural gas discovery in Egypt’s Western Desert, the Ministry of Petroleum and Mineral Resources said. The discovery was made following the drilling of the SKAL-1X exploratory well in the South Kalabsha area. Initial test…

The general assembly of Housing and Development Bank (HDB) has renewed the mandate of Hassan Ghanem as chief executive officer and managing director for a new term spanning 2026 to 2029. The decision follows a period of notable improvement in the bank’s financial and operational performance, supported by a strategic…

Egypt’s Ministry of Water Resources and Irrigation said flood protection infrastructure in South Sinai captured around 2 million cubic metres of rainwater following rainfall on 22 March. The ministry said the collected water was stored across a network of dams and reservoirs, including facilities in Saint Catherine, and will be…