News

Annual urban headline inflation remained stable at around 12.3% in December 2025, virtually unchanged from November, according to the Central Bank of Egypt (CBE). The annual dynamics of headline inflation continue to be driven primarily by non-food prices, as food inflation has fallen back to its pre-2022 levels. Annual food…

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), said the bank has steadily navigated economic challenges through sustained and disciplined policy efforts. In the CBE’s annual report, Abdalla noted that, at the domestic level, the bank has remained focused on achieving the ultimate objective of monetary policy—price stability.…

CAIRO, Jan 16 (MENA) – The Ministry of Petroleum and Mineral Resources said on Friday that several oil and gas companies operating in Egypt have drilled a number of successful wells in their concession areas in the Western Desert, Eastern Desert and the Nile Delta, including five new exploratory wells.…

Following Egypt’s receipt of the second installment of European Union (EU) financial aid totaling €1 billion, Angelina Eichhorst, the EU Ambassador to Egypt, emphasized that this disbursement reflects Egypt’s commitment to identifying and implementing key economic and political reforms. She noted that these measures are paving the way for sustainable…

Red Sea Container Terminals (RSCT) today announced the official opening of Egypt’s first semi-automated container terminal, located at Sokhna Port on the Gulf of Suez. This new facility marks a significant milestone in Egypt’s maritime development, backed by a 30-year concession agreement with the Egyptian government, reinforcing Egypt’s attractiveness for…

TikTok has released its Q3 2025 Community Guidelines Enforcement Report, reaffirming the platform’s ongoing commitment to fostering a safe, positive, and authentic digital environment for its global community. From July to September 2025, TikTok removed a total of 17,410,066 videos across the MENA region for violating its Community Guidelines. These…

Egypt’s cabinet on Wednesday approved the executive regulations for a law governing the disposal of state-owned land and expanded the mandate of the National AI Council to include quantum computing and emerging technologies. The cabinet, chaired by Prime Minister Mostafa Madbouly, ratified the executive regulations for Law 168 of 2025…

Egypt’s Minister of Housing, Utilities and Urban Communities, Sherif El-Sherbiny, met with a delegation from French construction materials group Saint-Gobain to discuss potential areas of cooperation in advanced building materials, energy efficiency solutions and green construction. El-Sherbiny said the meeting comes within the framework of the ministry’s ongoing coordination with…