News

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…

Egypt exported around 172,000 tonnes of food products through 3,516 consignments between August 22 and 28, 2026, while food imports reached approximately 218,000 tonnes through 1,546 consignments, according to the latest report by the National Food Safety Authority (NFSA). The exported shipments were supplied by around 1,300 exporting companies and…

Parties to the United Nations Convention to Combat Desertification have unanimously selected Egypt to host the 18th Conference of the Parties (COP18) in 2028, Egypt’s Foreign Ministry said. The decision was adopted during the closing session of COP17, held in Ulaanbaatar, Mongolia, from August 17 to 28, according to a…

Egypt’s Water Resources and Irrigation Ministry has ordered field inspections of several bridges over canals and drains to determine whether they require maintenance or replacement, as well as an agricultural drain proposed for cleaning, following requests raised by members of parliament. Water Resources and Irrigation Minister Hani Sewilam discussed the…

Egypt’s Minister of Electricity and Renewable Energy Mahmoud Esmat has directed electricity distribution companies nationwide to strengthen oversight and auditing of electricity bills, ensure accurate consumption readings, and improve mechanisms for handling customer complaints and grievances. The measures come in line with President Abdel Fattah Al-Sisi’s directives for direct and…

Egypt’s Local Development and Environment Ministry and Qalyubeya governorate have opened two waste transfer stations with a combined capacity of 2,000 tonnes per day, along with a new impound facility capable of accommodating up to 1,200 vehicles, as part of efforts to upgrade local infrastructure and improve asset management. Local…