News

Minister of Industry Khaled Hashem has issued a new decision regulating the licensing framework for establishing, managing, and operating industrial activities outside officially designated industrial zones. The decision, which will be published in the Egyptian Gazette and enters into force the day following publication, introduces a revised framework aimed at…

Egypt’s Foreign Minister Badr Abdelatty has met with Uganda’s State Minister for Foreign Affairs Henry Okello on the sidelines of the Invest in Uganda Forum, organized in cooperation with the Ugandan Embassy and the Egyptian African Businessmen’s Association. Abdelatty praised the growing momentum in ties between the two countries, citing…

Petrogulf, a subsidiary of the South Valley Egyptian Petroleum Holding Company, has raised production from its Gulf of Suez fields to around 26,600 barrels per day, up from approximately 17,000 barrels per day during the current 2025/2026 fiscal year, marking the highest output level since its establishment in 1982. The…

Global energy markets are bracing for a severe supply shock that threatens to fuel inflation and deal a significant blow to economic growth, following US President Donald Trump’s decision to enforce a naval blockade on the Strait of Hormuz. The impending blockade shifts market focus sharply towards downside risks, according…

A-Plus Developments has announced that it has obtained the ministerial decree for its Jiran Residence project in October Gardens, West Cairo, marking a key regulatory milestone. The company stated that construction had already commenced more than two months ago following the issuance of excavation permits, with the project currently in…

Free Brokers has announced that it recorded EGP 1bn in third-party sales during the first quarter (Q1) of 2026, as it targets total sales of EGP 4bn by year-end. Since its launch, the platform has surpassed 1,000 sales transactions, reflecting growing adoption among real estate marketers. According to CEO Ahmed…

Minister of Petroleum and Mineral Resources Karim Badawi called for accelerating work on the Assiut diesel production complex to help reduce imports and boost local supply. During a virtual meeting of Assiut National Oil Processing Company (ANOPC), the minister said that the project plays an important role in increasing domestic…

The government is working to offer more attractive economic opportunities to boost investment inflows, with over 20 new projects planned under the public-private partnership (PPP) system, Finance Minister Ahmed Kouchouk said on Sunday, April 12, 2026. In statements, Kouchouk affirmed that the government remains committed to advancing economic reforms aimed…

An economist at Moody’s Analytics, Dominic Bartos, said that the Gulf Cooperation Council (GCC) countries are facing an unprecedented crisis due to the Iran war, raising concerns about the potential postponement or cancellation of their previously announced investments in Egypt. Bartos added that the Egyptian economy was in a strong…