News

Global oil prices could surge to $140 per barrel if Houthi rebels target shipping in the Red Sea, potentially worsening what is already considered the largest energy disruption in history, according to a report by Bloomberg Economics. Analysts Dina Esfandiary, Ziad Daoud, and Becca Wasser estimate that such an escalation…

Egypt called for an increase in bilateral trade and the expansion of Egyptian private sector involvement in the Gambian market during a ministerial meeting in Cairo on Wednesday. Foreign Minister Badr Abdelatty met with his Gambian counterpart, Serigne Modou Njie, on the margins of a ministerial meeting for African countries…

Egypt’s Finance Minister Ahmed Kouchouk said on Wednesday that prioritising essential supplies for citizens and production requirements for investors is key to mitigating economic risks. Speaking during a meeting of the Crisis Management and Risk Reduction Committee at the Ministry of Finance, Kouchouk stated that continuous coordination and consultation with…

MIDAR for Investment and Urban Development, the master developer of integrated mega cities in New Cairo, has signed a memorandum of understanding (MoU) with Italy’s Gruppo GKSD, an international leader in healthcare provision, investment, design and engineering, construction, procurement, and environmental technologies. The agreement aims to develop a landmark integrated…

Cairo – 31 March 2026: Egypt Oil & Gas (EOG), a leading platform specializing in strategic communications and energy sector research, celebrated the 20th anniversary of its establishment, marking two decades of contributions to the development of Egypt’s energy sector and to strengtheningits presence on the global energy stage. The…

Soma Bay, Red Sea, Egypt – 2026 — In a bold celebration of culture, creativity, and immersive guest experiences, Sheraton Soma Bay Resort proudly announces the launch of a unique on-site art residency, welcoming six award-winning Egyptian artists to create live paintings within the resort. This initiative marks a new…

The Egyptian pound weakened further on Tuesday, 31 March, as the US dollar continued to hover close to the EGP 55 level in parts of the banking system, with regional tensions and broader pressures on trade supply chains weighing on market sentiment.  Data compiled from several banks at the close…

The head of the electrical appliances division at Cairo Chamber of Commerce, Ashraf Helal, announced that the electrical appliances market has witnessed a significant price increase of up to 10 percent due to several factors. The biggest of these is the US-Israeli war on Iran, which has greatly impacted maritime…

Dragon Oil, wholly owned by Dubai government, is considering three new investment opportunities in Egypt, Asharq News reported, citing the company’s acting CEO Abdulkarim al-Mazmi. Speaking on the sidelines of the first day of the Water, Energy, Technology and Environment Exhibition (WETEX) 2025 in Dubai, al-Mazmi added that the company…

Sheraton Cairo Hotel & Casino is proud to announce the promotion of Giovanni Sue tothe position of Executive Chef. With a distinguished career with over three decades ofinternational experience in the hospitality sector, Chef Giovanni steps into thisleadership role to oversee the hotel’s diverse culinary portfolio, including its signaturerestaurants, banquet…