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Egyptian authorities have removed a number of building violations and encroachments on agricultural and state-owned land during the Eid al-Fitr holiday, the Ministry of Local Development and Environment announced on Monday. Minister of Local Development and Environment Manal Awad said the enforcement campaigns were carried out across 21 governorates, with…

Annual urban headline inflation accelerated to 13.4% in February 2026, up from 11.9% in January, driven by a seasonal increase in both food and non-food prices. Annual food inflation rose to 4.6%, while non-food inflation climbed to 19.3%. Food inflation was primarily driven by higher poultry and fresh vegetable prices,…

Egypt has entered a new phase of offshore gas exploration with the arrival of the Valaris DS-12 in its territorial waters, marking the start of a drilling programme targeting four new wells in the Mediterranean Sea. The advanced drillship is set to begin operations with one production well and one…

Oil prices fell toward $88 per barrel and global liquefied natural gas exports sank to a six-month low on Monday after US President Donald Trump said Washington was engaged in productive talks with Iran and had ordered a five-day delay to any military strikes on Iranian power stations and energy…

Egypt has recovered state assets valued at EGP 1.2bn and generated an additional EGP 1.4bn in treasury revenues, Finance Minister Ahmed Kouchouk said on Monday, citing efforts led by the Asset Recovery and Seizure Management Authority. In a statement, Kouchouk said the government is working to unlock new investment opportunities…

As tensions escalate across the Middle East and the Strait of Hormuz faces effective closure following US and Israeli strikes on Iran, Saudi Arabia has activated a long-standing contingency plan to keep its oil flowing—deploying a decades-old pipeline that is now emerging as a critical lifeline for global energy markets,…

Minister of Finance Ahmed Kouchouk stressed that the current priority is to secure sufficient and sustainable financial resources to meet citizens’ basic needs. He noted the ongoing coordination with all state entities to guarantee the availability of food commodities in the markets and secure energy sources. Kouchouk stated, during his…

International energy consultant Mamdouh Salameh warned that the ongoing closure of the Strait of Hormuz—even for a brief period—will trigger a massive surge in oil prices, predicting that Brent crude could exceed $120 per barrel within days. Speaking to Al Qahera News, Salameh explained that a six-month blockade could drive…